Costamare chalked up a loan for two open newbuildings on its way to a stronger-than-expected second quarter profit.
New York-listed Costamare revealed the facility for the 11,000-teu brace as it beat Wall Street estimates for the quarter and its controlling Constantakopoulos family opted to reinvest its dividend in the company.
Following the $88m loan for the newbuildings at Hanjin Heavy Industries' Subic Bay facility in the Philippines, Costamare has just three unfinanced newbuildings on its books.
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