Hamburg shipowner and asset manager MPC Capital is forecasting higher profit and revenue from its shipping activities in the second half of 2019.
The company, which operates or manages boxships, tankers and bulkers, said transaction fees were down at €1.8m ($2m) for the first half, below the prior-year figure of €2.7m due to reduced transaction activity.
But there were still a number of individual transactions in the shipping unit.
Net earnings to 30 June were €1.2m, down from €2.8m a year ago.
Revenue edged up to €20m from €19.7m.
Assets under management totalled €4.2bn, down from €4.3bn as of 31 December.
For the second half, bosses expect "a continuing stable development."
The shipping unit in particular should bring in a slightly higher revenue and profit contribution despite a challenging market environment, it added.
MPC Capital is still forecasting a slight rise in revenue along with at least break-even earnings before taxes for the full year.
"A dynamic development in new business, additional transactions and acting on external market influences could impact revenue and earnings positively," it said.
