The Singapore-listedcompany saw revenues increase 6% to $5.3m, but costs saw a double-digitincrease of 11% to $5.4m.
The Hsu ChihChien-led shipowner said the higher costs were mainly due to higher crew feesand depreciation expenses.
Couragesaid it expects its financial performance for 2014 to be adversely affected bythe current challenging economic conditions and uncertain outlook.
However, it added that it will maintain itscost-effective structure and focus on keeping its fleet well-deployed andrunning efficiently.
Lastweek
