US-listed boxship owner Costamare reported yet another profitable quarter and maintained its dividend intact.
However, the company warned that the containership industry is facing reduced demand due to the coronavirus pandemic. Measures are currently under assessment to further strengthen Costamare’s balance sheet and boost its already considerable liquidity position of $268m.
“As has always been the case, but especially during today’s unprecedented times, our top priority is to cover our downside,” chief financial officer Gregory Zikos said in a statement on the company’s first quarter results.
