Listed ocean-going shipper Costamare has returned to the bulk carrier sector in a massive way, following a short interlude, announcing the purchase of another two vessels, according to Xclusiv Shipbrokers Inc.
According to the reports, Costamare has acquired the 64K-dwt ultramax “Soho Merchant”, built in 2015 by Chengxi shipyard, along with the same-sized “Soho Trader”, also built in 2015. The capital outlay was 24.5 million USD per vessel.
Over the past few months Costamare has announced the acquisition of 37 bulkers, 39 with the new purchases. The company also controls 78 carriers.
Costamare made history by listing the first shipping bond traded on the Athens Stock Exchange. It reported revenues of 216.3 million USD in the first quarter of the year, up from 107.9 USD in the same quarter of 2020, along with profits of 115.2 million USD in Q1 2021, significantly up from 25.2 USD in Q1 2020.
Latest News
Greek Households Most Pessimistic in Europe: IOBE Report
Over six in ten (65%) of households said that their financial situation worsened over the past year
JP Morgan Remains ‘Bullish’ on Greek Banks
JP Morgan reiterated its analysis of DTCs, prompted by Piraeus Bank’s plan to accelerate their amortization
Source of Wealth Declarations for Greek Public Officials Made Easier
Source of wealth declarations are designed to improve transparency and prevent corruption among Greece's public officials. Yet 98% of Greeks still believe corruption is widespread in the country, according to Eurobarometer.
Greece’s Labor Market Slack Among Highest in EU
Greece ranks 4th in EU for labor market slack, mostly due to high unemployment levels, and has widest gender gap in the EU.
Livestock Crisis Threatens Greek Feta
Feta in particular, is Greece’s primary dairy export, with 65% of production going abroad.
Moldova’s Sandu Wins Second Term amid Meddling Claims
According to the Central Election Commission, with 98% of votes counted, Maia Sandu led with 54.35% to Alexandr Stoianoglo’s 45.65%
Attica Wins ‘Best Greek Hospitality Region’ at 2024 Awards
The Greek Hospitality Awards, now in their tenth year, are one of the premier tourism industry events at the European level
Greece Takes Command of EU’s Operation ASPIDES in Red Sea
The defense minister also visited the Greek frigate Spetsai, which is participating in Operation ASPIDES, while in the port of Djibouti
Brain Gain: Returning Greeks Drive Innovation and Growth in IT and Key Sectors
The profile of the returnees to Greece reveals that 67.6% have families, and 52% have children
New Regulations Target Airbnb Rentals in Greece with Safety and Quality Standard
Additionally, a new ranking system for tourist accommodations based on sustainability criteria is expected to be introduced