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Costamare acquires more ships against rising market

Containership owner says it is ‘well positioned’ for potential further buys as it posts a solid third-quarter profit. The company is also actively shedding older tonnage

With $210.4m in liquidity and no meaningful debt maturities until 2024 Costamare is on the lookout for acquisitions. It also sees an improving market for containership tonnage as the idle fleet falls to levels below 2%

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