20NOV2018 - NEWS - Greece based shipping company Costamare takes full ownership of five containerships

Greek shipping company Costamare has recently taken full ownership of five 2014 -built 14,000 TEU containerships. The move saw Costamare acquire the remaining 60% equity interest in the vessels from York Capital, which contracted the ships in 2014 via a joint venture with the Greek containership owner. Under the deal, Coastamare has an option to defer 75% of the purchase price for up to 18 months after closing, as well as the option to pay part of the purchase price with shares of the company’s common stock. The boxships are employed on long term charters to Evergreen expiring in 2026.

Published by Editor - www.Livebunkers.com at 20-Nov-2018 06:47:40 [UTC] , contact editor at editor@livebunkers.com