Costamare Inc.

Container Shipping Market: Weekly Analysis

The container shipping market exhibited a mix of resilience and volatility this week, with stocks reflecting the impact of global trade flows, fuel costs, and supply-demand imbalances. While some companies managed to post gains, others experienced notable declines due to shifting freight rates and macroeconomic pressures.

This report provides a detailed company-by-company analysis, shedding light on the forces driving each stock’s performance.

  • COSCO SHIPPING Holdings Co Ltd ADR (CICOY)

COSCO...

https://container-news.com/container-shipping-market-weekly-analysis/

Yang Ming finally places order for five 15,000 teu newbuildings

Yang Ming is to finally make a long-awaited order for neo-panamax newbuildings, more than a year after its peers began fleet expansion amid rocketing freight rates.
On 14 January, the Taiwanese liner operator’s directors approved orders for five 15,000 teu ships, along with 20,000 new 40ft containers, to fulfil the company’s Asia-Europe and transpacific services, as well as for fleet renewal in the long term.
Yang Ming has been conservative in its …

The post Yang Ming finally places order for...

https://theloadstar.com/yang-ming-finally-places-order-for-five-15000-teu-newbuildings/

Costamare confirms newbuiliding agreements

The Greek container ship owner Costamare Inc. has confirmed the execution of shipbuilding contracts for two container ships and the exercise of options for six additional vessels.

Costamare has agreed with an Asian shipyard for two 13,000 TEU ships and exercised options under a legally binding agreement for two more container vessels of the same capacity, as well as four 15,000 TEU new buildings.

All of these eight new boxships will commence long term charters with a liner company upon their...

https://container-news.com/costamare-unveils-plans-construction-and-charter-of-eight-boxships/

Acquisition of Dry Bulk Vessels

Costamare Inc. (the “Company”) (NYSE: CMRE) announced today the acquisition of 16 dry bulk vessels of between 33,000 and 85,000 DWT, with an average age of 10 years.  The vessels are currently operating in the spot market.  Two of the ships have been delivered with the rest of the vessels expected to be delivered latest by January 2022, says a press release published on their website.

Gregory Zikos Comments

Gregory Zikos, Chief Financial Officer of the Company, said: “We are pleased to announce...

https://mfame.guru/acquisition-of-dry-bulk-vessels/

Costamare Inc Acquires York Capital’s Majority Interest

  • Costamare Inc. announced the acquisition of York Capital’s 60% equity interest, on average, in five 11,000 TEU containerships.
  • Four of them were built in 2017 and one of which was built in 2016.
  • The acquisition brings the Company’s ownership interest in these
    five vessels to 100%.

Costamare Inc. (the “Company”) (NYSE: CMRE) announced the acquisition of York Capital’s 60% equity interest, on average, in five 11,000 TEU containerships, four of which were built in 2017 and one of which was built...

https://mfame.guru/costamare-inc-acquires-york-capitals-majority-interest/

Schulte Group trio among Wan Hai’s ship acquisitions

Taiwan operator Wan Hai lines has used its second-hand vessel fund of US$360 million to acquire five ships, including Teal Hunter, whose acquisition was announced on 7 December.

The other four ships comprise the 2009-built 6,350TEU Hyundai New York, which was acquired for US$32.5 million from Eastern Pacific Shipping and three 2009-built 7,241TEU ships—Anton Schulte, Adrian Schulte and Astrid Schulte—that were bought from Schulte Group for a total of US$107.22 million.

This year, Wan Hai has...

https://container-news.com/schulte-group-trio-among-wan-hais-ship-acquisitions/

Costamare prepares for “deferred built-in demand”

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/

Costamare reports solid results

Costamare Inc. on April 22 reported unaudited financial results for the first quarter ended March 31, 2019.

  • Adjusted Net Income available to common stockholders(1) of $13.6 million or $0.12 per share for the three-months ended March 31, 2019.
  • Declared dividend of $0.10 per share on its common stock and dividends on all four classes of its preferred stock.
  • Chartered in total 10 vessels over the quarter, with rates for Post-Panamax containerships (above 5,500 TEUs) posting substantial increases...

https://container-news.com/costamare-reports-solid-results/