Costamare buys out York Capital’s 60% stake in five boxships
Full ownership of the five 11,010 teu vessels will add $335m to US-listed owner’s contracted revenues
Costamare has successfully raised long-term commercial bank loans to part-finance its acquisition of a 60% equity stake in five containerships from York Capital in a move that gives its joint venture partner a ‘successful exit path’ from the boxship investment