Costamare Inc. a leading international owner of containerships, has made an investment of approx $162 million in two new container vessels through its joint venture with York Capital Management, a New York-based investment advisor firm.
Under the deal, the company will buy two 9,000 TEU capacity vessels costing at $81 million each.
“ We have close to half-a-billion dollars of equity to invest within two years, which is substantial capital for container shipping but t hat doesn’t mean that we will rush into transactions, ” Capital.gr reported, citing Gregory Zikos, CFO of Costamare.
The vessels will be built in Asia and are scheduled for delivery in 2015.
Reminder:
Earlier this year, Costamare entered into a joint venture with York Capital Management to invest jointly in the acquisition of container vessels.
Under the Agreement:
[mappress] Shipbuilding Tribune Staff, October 3, 2013