Costamare posts record net income on ample container ship charter coverage

Secured income from long-term chartering agreements has helped Costamare cope with slowing container ship and bulker markets.

With 95% of its container ship fleet covered for the rest of the year and nearly $1bn in liquidity piled up during the coronavirus container ship bonanza, the US-listed owner of 72 boxships and 45 bulkers said on Wednesday that it is on the lookout for new investment opportunities.