Costamare: Investments in newly built ships

Costamare, Kostis Konstantakopoulos-led firm, is reported to person entered into a landmark newbuilding statement worth astir 1.32 cardinal dollars, further strengthening its beingness successful the containership market.

According to shipbroking sources, the New York-listed Greek institution is reportedly the purchaser down a bid of 12 containerships with a capableness of 9,200 TEU, secured by Dalian Shipbuilding Industry Co. (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC). If confirmed, the woody is considered peculiarly significant, arsenic it is expected to beryllium Costamare’s archetypal shipbuilding declaration offering the enactment of outgo successful Chinese yuan (RMB).

The aforesaid sources bespeak that this prime is linked to the vessels’ intended employment connected charter to Cosco Shipping Lines. Costamare has a 52-year track grounds and operates a fleet of 79 containerships, with a total capableness of astir 551,000 TEU.