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International Containers Finance

Costamare triples profit on back of post-panamax demand

The containership owner has posted strong third quarter results on the back of higher charter rates for larger vessels. Owner of 75 boxships eyes strong market for larger ships with 18 post-panamaxes coming off charter over the next 12 months, positioning it favourably if market momentum continues

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Costamare has also completed the refinancing of two 2013-built, 8,827 teu vessels for up to $94m with an unidentified European financial institution

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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