Company: CMRE-PC
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001140361-25-005199
Chunk: 122

Company: Costamare Inc.
Filing Date: 2025-02-20
Form: 20-F
Item: Item 5
Chunk 122
---
               745
Available Days                                                                        10,041            17,512           24,197            28,166           31,646            33,869           136,616
Contracted/Total Days                                                                  74.0%             54.7%            37.5%             26.5%            15.8%              9.4%              0.5%
Containership Contracted/Total Containership Days (TEU -adjusted)(3)                   98.6%             80.4%            62.9%             50.5%            35.7%             21.9%              1.3%
Dry Bulk Vessel Contracted/Total Dry Bulk Vessel Days (dwt-adjusted) (4)               48.9%             26.9%                -                 -                -                 -                 -

(1)   Includes one dry bulk vessel with no employment as at December 31, 2024.
------------------------------------------------------------------------------

(2)   Total days are calculated on the assumption that the vessels will continue trading until the age of 30 years old for containerships and 25 years for dry bulk vessels, unless the containership will exceed 30 years of age or the
                                   dry bulk vessel will exceed 25 years of age at the expiry of its current time charter, in which case we assume that the vessel continues trading until that expiry date.                             
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

(3)   Contracted Days coverage for containerships adjusted by TEU capacity.
---------------------------------------------------------------------------

(4)   Contracted Days coverage for dry bulk vessels adjusted by dwt capacity.
-----------------------------------------------------------------------------
 

Our containership fleet is currently under time charters with eleven different charterers. For the three years ended December 31, 2024, our largest customers by revenue were A.P. Moller-Maersk, MSC, Evergreen, Hapag Lloyd, ZIM and COSCO. Chartering in the dry bulk sector tends to be more diversified with significant turnover among our charterers. Our dry bulk fleet is currently under charters with more than 20 different charterers.
 
We dry-dock our vessels when the next survey (dry-dock survey or special survey) is scheduled to become due, every 30 months for dry bulk vessels of 15 years of age or over and every 60 months for other vessels. We have dry-docked 63 vessels over the past three years, including