Costamare reveals busy S&P as focuses on fleet renewal

Costamare, a New York-listed owner of boxships and bulkers, has moved on strategic vessel acquisitions and sales. The shipowner reported in its unaudited financial results for the fourth quarter and year ended December 31 the conclusion of three acquisitions and the disposal of vessels.

The company, founded by the Greek Captain Vasileios Konstantakopoulos in 1975, has concluded the acquisition of the 2011-built, 179,546-dwt capacity dry bulk vessel, Magnes (ex. Nord Magnes), the 2014-built, 61,090-dwt capacity dry bulk vessel, Alwine (ex. Alwine Oldendorff), and the 2015-built, 61,090-dwt capacity dry bulk vessel, August (ex. August Oldendorff).

The shipowner also reported vessel disposals with the conclusion of the sale of the 2012-built, 37,019-dwt capacity dry bulk vessel, Discovery, generating net sale proceeds after debt prepayment of $7.7m.