Costamare may return to the market for sale-and-leaseback deals to free up equity tied to its nine-ship orderbook, a company executive said.

Early this year, the New York-listed containership owner refinanced the 9,400-teu MSC Azov (built 2014) and two other containerships by selling them to a Chinese financial institution and taking them back on 10-year bareboat charters.

The financial lease replaced bank debt on the vessels.

Finance