Costamare is issuing a chunk of new shares in a deal that will see the family of its chief executive buy up a portion of the new equity.

The New York-listed containership owner said it will sell 11 million shares in the public offering.

Family members of Costis Constantakopoulos, which jointly make up the majority shareholders in Costamare, have "indicated their intention" to scoop up $10m of the new stock.

Underwriters