Company: CMRE-PC
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001140361-25-005199
Chunk: 121

Company: Costamare Inc.
Filing Date: 2025-02-20
Form: 20-F
Item: Item 5
Chunk 121
---
2.4 billion of contracted revenue, assuming the earliest redelivery dates possible and 365 revenue days per annum per containership. See “Item 4. Information on the Company—B. Business Overview—Our Fleet”.
 
As regards our dry bulk business, our current chartering policy is to employ our vessels primarily on short-term time charters, which provides us the flexibility to capitalize on any favorable changes in the dry bulk charter rate environment. Based on market conditions, we may employ our vessels with a mix of short-, medium- and long-term time charters and voyage charters. For the year ended December 31, 2024, our dry bulk fleet utilization level was 98.9%. See “Item 4. Information on the Company—B. Business Overview—Our Fleet”.
 
The table below provides additional information about the charter coverage for our fleet of containerships and dry bulk vessels as of December 31, 2024. Except as indicated in the footnotes, it does not reflect events occurring after that date, including any charter contract we entered into after that date. The table assumes the earliest redelivery dates possible under our vessels’ charters. See “Item 4. Information on the Company—B. Business Overview—Our Fleet”.
 

                                                                                  2025               2026             2027              2028             2029              2030            2031 - 2034
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
No. of Vessels whose Charters Expire(1)(2)                                                36                24                9                18                4                10                 5
No. of Containerships whose Charters Expire                                                4                18                9                18                4                10                 5
No. of Dry Bulk Vessels whose Charters Expire(1)(2)                                       32                 6                -                 -                -                 -                 -
TEU of Expiring Containership Charters                                                18,935           139,270           42,438           114,105           35,588           105,905            56,730
DWT of Expiring Dry Bulk Vessel Charters                                           2,151,027           865,828                -                 -                -                 -                 -
Contracted Days                                                                       28,649            21,178           14,493            10,134            5,949             3,511