Company: CMRE-PC
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001140361-25-005199
Chunk: 0

Company: Costamare Inc.
Filing Date: 2025-02-20
Form: 20-F
Item: Item 3
Chunk 0
---

ITEM 3.   KEY INFORMATION
-------------------------
A.          Reserved.
 

B.   Capitalization and Indebtedness
------------------------------------
 
Not applicable.
 

C.   Reasons for the Offer and Use of Proceeds
----------------------------------------------
 
Not applicable.
 

D.   Risk Factors
-----------------
Risk Factor Summary
 
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 market value of our vessels can fluctuate substantially over time, and if these values are low at a time when we are attempting to dispose of a vessel, we could incur a loss;
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

•   The international dry bulk industry is highly competitive, and we may be unable to compete successfully for charters on favorable terms with established companies or new entrants that may have greater resources and access to
                                                                                                                capital;                                                                                                            
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

•   The operation of dry bulk vessels entails certain unique operational risks, which could affect our business, financial condition, results of operations and ability to pay dividends;
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

•   Disruptions in global markets from terrorist attacks, regional armed conflicts, general political unrest and the resulting governmental action could have a material adverse impact on our results of operations, financial
                                                                                                   condition and cash flows; and                                                                                               
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

•   An increase in trade protectionism, the unravelling of multilateral trade agreements and a decrease in the level of China’s export of goods and import of raw materials could have a material adverse impact on our charterers’
                                                     business and, in turn, could cause a material adverse impact on our results of operations, financial condition and cash flows.                                                
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Risks Inherent in Our Business
 

•   Delay in the delivery or cancelation of any secondhand vessels we may agree to acquire, or any future newbuild vessel orders, could adversely affect our results of operations, financial condition and earnings;
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

•   We are dependent on our charterers and other counterparties fulfilling their obligations under agreements with us;
----------------------------------------------------------------------------------------------------------------------

•   We may have difficulty properly managing our growth through acquisitions of new or secondhand vessels and we may not realize expected benefits from these acquisitions;
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------

•   The increased volatility of our dry bulk operating platform may have a material adverse effect on our earnings