The agreement does not mean money on the table but opens a credit line that market sources believe points to Costamare’s intention to place a huge order at Chinese shipyards.
While it is the largest agreement to be signed, several other well-known shipping companies are also sealing deals during the official visit.
The Libra Group has secured a $460m agreement with ICBC Financial Leasing Company, which includes $160m for the sale-and-leaseback of two dry bulk carriers and four containerships as well as a $300m ‘friendship and cooperation agreement’.
Diana
