The Wilbur Ross-backed venture saw net income of $10.8m in its debut set of results since going public versus the $8.8m seen a year ago.
Revenue for the three month period was up 67% to $67.2m, but operating costs surged by over 80% from $28.5m to $52.1m.
“The increase in revenue was primarily due to the additional eleven vessels acquired from AP Moller-Maersk during 2013, the last of which was delivered in October 2013,” Navigator said.
The
