Details presented in the IPO papers for Costamare Partners show the four vessels that will make up its initial fleet returned a net gain of $11.40m to June 2014.
This compares with the $47.21m banked by Costamare in the first half, according to its own public accounts.
As TradeWinds reported today, Costamare Partners will use proceeds from the IPO to purchase four trading ships from Costamare with period contracts attached.
Costamare
