Costamare Inc. Announces Delivery of a New Vessel
ATHENS, GREECE -- (Marketwire) -- 03/19/13 -- Costamare Inc. (the
"Company") (NYSE: CMRE) announced the delivery of MSC Athens, a 8,827
TEU vessel which was built by Sungdong Shipbuilding and Marine
Engineering, in South Korea. The vessel has commenced its 10-year
time charter with MSC.
"We are pleased to announce the delivery of the MSC Athens, the first
of our ten newbuildings on order," said Mr. Gregory Zikos, Chief
Financial Officer of the Company. "The MSC Athens has commenced its
10-year time charter with MSC. The delivery of the vessel is the
first step of our expansion plan based on solid contracted cash
flows. We expect this addition, along with the remaining nine vessels
currently on order and scheduled for delivery within the next 10
months, to contribute in excess of $1.3 billion of contracted
revenues throughout the duration of their charters."
About Costamare Inc.
Costamare Inc. is one of the world's leading owners and providers of
containerships for charter. The Company has 38 years of history in
the international shipping industry and a fleet of 57 containerships,
with a total capacity of approximately 332,000 TEU, including nine
newbuilds on order. Costamare Inc.'s common shares trade on the New
York Stock Exchange under the symbol "CMRE".
This press release contains "forward-looking statements" within the
meaning of the United States Private Securities Litigation Reform Act
of 1995. In some cases, you can identify these statements by
forward-looking words such as "believe", "intend", "anticipate",
"estimate", "project", "forecast", "plan", "potential", "may",
"will", "should", "could" and "expect" and similar expressions. These
statements are not historical facts but instead represent only the
Company's assumptions, expectations, projections, intentions and
beliefs regarding future events, many of which, by their nature, are
inherently uncertain and outside of the Company's control. It is
possible that actual results may differ, possibly materially, from
those anticipated in these forward-looking statements. For a
discussion of some of the risks and important factors that could
affect future results, see the discussion in Costamare Inc.'s Annual
Report on Form 20-F (File N
o. 001-34934) under the caption "Risk
Chief Financial Officer
Costamare Inc., Athens, Greece
Tel: (+30) 210-949-0000
Investor Relations Advisor/ Media Contact:
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, N.Y. 10169
Tel.: (+1) 212-661-7566
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