Greek container ship operator Costamare is anticipating a “deferred built-in demand” in the economy following the end of the lockdown in the US and Europe by increasing the number of vessels in its fleet.
In preparation for this upturn the company had taken on a number of newly acquired vessels and refinanced loans. In its first quarter statement the company said it had taken on US$165 million in new loans to finance the acquisition of new vessels and the refinancing of existing loans.
Costamare...
https://container-news.com/costamare-prepares-for-deferred-built-in-demand/