In the Greek containership operator’s latest earnings report finance chief Greg Zikos said his company plans to “continue to grow selectively” on the back of recent orders totally nearly $1bn.
The executive noted the joint venture between Costamare and York Capital has penned nine newbuildings over the past eight months and recently chartered five 14,000-teu units to Evergreen.
The commentary followed a period in which the operator watched adjusted net income for the three months to 31 December rise to $30.5m from $23.6m year-on-year as fourth-quarter revenue climbed from $95.2m to $112.5m.
For the year ended 31 December 2013, Costamare reported an adjusted profit of $108.8m, versus an annual gain of $91.3m in 2012. Voyage revenue from its fleet of nearly 50 containerships rose to $414.3m from $386.1m as a result of the addition of fresh tonnage.
