Company: CMRE-PC
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001140361-25-005199
Chunk: 2

Company: Costamare Inc.
Filing Date: 2025-02-20
Form: 20-F
Item: Item 3
Chunk 2
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, which may decrease the trading price of our securities;
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•   Holders of Preferred Stock have extremely limited voting rights; and
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•   Members of the Konstantakopoulos family are our principal existing stockholders and will effectively be able to control the outcome of matters on which our stockholders are entitled to vote; their interests may be different
                                                                                                              from yours.                                                                                                          
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Industry Risks
 
Our profitability will be dependent on the level of charter and freight rates in the international shipping industry which are based on macroeconomic factors outside of our control. The cyclical nature of the shipping industry may lead to volatile changes in charter rates, which may reduce our revenues and negatively affect our results of operations.
 
The ocean-going shipping industry is both cyclical and volatile in terms of charter rates, freight rates and profitability. Our profitability is dependent upon the charter rates we are able to charge for our ships. Fluctuations in charter rates result from changes in the supply of and demand for vessel capacity and changes in the supply of and demand for the consumer goods and major commodities carried by water internationally. We are exposed to changes in charter rates in both the containership and dry bulk markets through both traditional vessel ownership as well as our dry bulk operating platform.
 
Since the factors affecting the supply of and demand for containership and dry bulk vessels are outside of our control and are unpredictable, the nature, timing, direction and degree of changes in industry conditions are also unpredictable. A significant decrease in charter rates would adversely affect our profitability and cash flows and could decrease the value of our fleet.
 
The demand for containerships and dry bulk vessels has generally been influenced by, among other factors:
 

•   supply of and demand for energy resources, commodities, semi-finished and finished consumer and industrial products;
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•   changes in the exploration or production of energy resources, commodities, semi-finished and finished consumer and industrial products;
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•   the location of regional and global exploration, production and manufacturing facilities;
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•   the location of consuming regions for energy resources, commodities, semi-finished and finished consumer and industrial products;
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•   the globalization of production and manufacturing;
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•   global and regional economic and political conditions, including armed conflicts, terrorist activities, sanctions, embargoes, strikes, tariffs and “trade wars”;
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•   economic slowdowns caused by public