Finnish owner Containerships has seen its loss reduced a little in the second quarter as revenue grew.

The net deficit was EUR 0.5m ($0.58m), against EUR 0.6m in 2016, while revenue rose to EUR 54.8m from EUR 49.8m.

CEO Kari-Pekka Laaksonen said EBIT rose 21.4% to EUR 1.7m due to the revenue increase, but the company endured higher fuel costs.