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Costamare exercises option for boxship pair newbuildings in China | Container news

Costamare exercises option for boxship pair newbuildings in China | Container news

Hellenic Shipping News

New York-listed Costamare is continuing its growth strategy of fleet modernization and expansion by exercising options for more containership newbuildings with a Chinese shipyard.

In September, following up from the previously

New York-listed Costamare is continuing its growth strategy of fleet modernization and expansion by exercising options for more containership newbuildings with a Chinese shipyard.

In September, following up from the previously announced order of four 3,100-teu capacity containership newbuildings, the company exercised the option for two more sister ships, to be delivered in the first quarter of 2028.

Specifically, the company concluded of another two newbuilding contracts with a Chinese shipyard, bringing the total number of 3,100-teu newbuilding orders to six.

Upon delivery, each vessel will also commence an 8-year time charter with a “first class” liner company, as the company explains.

The shipowner has a fleet of 69 containerships in the water, with a total capacity of approximately 520,000 teu. It also has six newbuild containerships under construction with a total capacity of 18,600 teu.

In the sale and purchase sector, the company also remained active with the delivery

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