NEW York-listed costamare has further expanded its fleet with eight containership newbulidings and seven secondhand bulk carriers, reports Singaproe's Splash 247.
The Greek boxship and bulker owner has sealed a deal with an unnamed Asian shipyard for a 13,000 TEU pair and exercised options for two more newbuildings of the same capacity and four 15,000 TEU boxships.
No price has been disclosed and the acquisitions will be funded by a mix of cash on hand and debt.
The vessels are expected to be delivered between Q3 2023 and Q1 2024 and will be placed on long term charters with a leading liner company.
At the same time, the company has taken its bulker fleet to 44 ships, adding ultramaxes Soho Trader, Soho Merchant and Star Damon, a panamax pair George P and Egyptian Mike and two supramaxes Belnor and Belstar. With the exception of the Soho Trader, which has already joined the fleet, deliveries will take place this month and in January 2022.
Chief financial officer of Costamare, Gregory Zikos, said: 'During the year we chartered in a total 47 container vessels adding contracted revenues of US$1.8 billion. Including the two recently concluded new building contracts and the options exercised, total contracted revenues amount to $4.8 billion and the remaining weighted average time charter duration for the fleet is 6.3 years.'
Costamare has a fleet of 79 containerships with a total capacity of about 586,000 TEU, including one secondhand purchase and two newbuilds currently under construction.
SeaNews Turkey
The Greek boxship and bulker owner has sealed a deal with an unnamed Asian shipyard for a 13,000 TEU pair and exercised options for two more newbuildings of the same capacity and four 15,000 TEU boxships.
No price has been disclosed and the acquisitions will be funded by a mix of cash on hand and debt.
The vessels are expected to be delivered between Q3 2023 and Q1 2024 and will be placed on long term charters with a leading liner company.
At the same time, the company has taken its bulker fleet to 44 ships, adding ultramaxes Soho Trader, Soho Merchant and Star Damon, a panamax pair George P and Egyptian Mike and two supramaxes Belnor and Belstar. With the exception of the Soho Trader, which has already joined the fleet, deliveries will take place this month and in January 2022.
Chief financial officer of Costamare, Gregory Zikos, said: 'During the year we chartered in a total 47 container vessels adding contracted revenues of US$1.8 billion. Including the two recently concluded new building contracts and the options exercised, total contracted revenues amount to $4.8 billion and the remaining weighted average time charter duration for the fleet is 6.3 years.'
Costamare has a fleet of 79 containerships with a total capacity of about 586,000 TEU, including one secondhand purchase and two newbuilds currently under construction.
SeaNews Turkey
