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Costamare Inc., new agreements

Costamare Inc. (the “Company”) announced today the conclusion of shipbuilding contracts and long term charter agreements for five newbuild containerships, as well as the acquisition and chartering of two secondhand containerships.

Ordering and Chartering of Five 12,690 TEU Newbuild Containerships

The Company has ordered five newbuild containerships from Jiangsu Yangzijiang Shipbuilding Group, each of approximately 12,690 TEU capacity. The vessels are expected to be delivered between the second quarter of 2020 and the second quarter of 2021 and upon delivery they will commence a ten-year time charter to Yang Ming Marine Transport Corp.

Read more on Nasdaq.

Source: Nasdaq
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