US-listed Costamare, an owner of 76 container ships and 46 bulkers, posted a record quarterly profit of $115.4m in the three months through March — almost twice as much as the $60.5m it notched up in the same period last year.

Adjusting for one-off items, including capital gains from the sale of a container ship it announced in March, underlying profitability rose at an even steeper pace to hit $104.5m from $38m.

The Costis Konstantakopoulos-led company maintained its regular dividend of $0.115