Company: CMRE-PC
Filing Date: 2025-07-10
Form Type: CORRESP
Source: 0000950157-25-000560
Chunk: 3

Company: Costamare Inc.
Filing Date: 2025-07-10
Form: CORRESP
Chunk 3
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, which also include the realized gain/(loss) under derivative contracts entered into in relation to foreign currency exposure, were $158.2 million and $161.2 million during the years ended December 31, 2024 and 2023, respectively. Daily container vessels’ operating expenses were $6,355 and $6,531 for the years ended December 31, 2024 and 2023, respectively. Daily operating expenses are calculated as container vessels’ operating expenses for the period over the ownership days of the period. Interest and Finance Costs Interest and finance costs were $99.5 million and $117.0 million during the years ended December 31, 2024 and 2023, respectively. The decrease is mainly attributable to the decreased interest expense due to a lower average loan balance for the container vessels segment during the year ended December 31, 2024 compared to the year ended December 31, 2023. Other Segment Items Other segment items for the container vessels segment include depreciation expense of the containership vessels and amortization of dry-docking and special survey costs for the containership vessels. 3 Depreciation expense for the container vessels segment for the years ended December 31, 2024 and 2023 was $126.8 million and $126.7 million, respectively. Amortization of deferred dry-docking and special survey costs for the container vessels segment was $17.3 million and $15.3 million during the years ended December 31, 2024 and 2023, respectively. During the year ended December 31, 2024, seven container vessels underwent and completed their dry-docking and special survey and one container vessel was in the process of completing her dry-docking and special survey. During the year ended December 31, 2023, 15 container vessels underwent and completed their dry-docking and special survey and one container vessel was in the process of completing her dry-docking and special survey. Year ended December 31, 2024 compared to year ended December 31, 2023 – NML Income from investments in leaseback vessels Income from investments in leaseback vessels was $23.9 million and $8.9 million for the years ended December 31, 2024 and 2023, respectively. Increased income from investments in leaseback vessels, year over year, is attributable to (i) the income earned from NML’s operations for the entire year ended December 31, 2024 (in