Company: CMRE-PC
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001140361-25-005199
Chunk: 84

Company: Costamare Inc.
Filing Date: 2025-02-20
Form: 20-F
Item: Item 4
Chunk 84
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IAS    2010   58,018
26   NORMA      2010   58,018
27   CURACAO    2011   57,937
28   URUGUAY    2011   57,937
29   SERENA     2010   57,266
30   LIBRA      2010   56,701
31   CLARA      2008   56,557
32   BERMONDI   2009   55,469
33   VERITY     2012   37,163
34   PARITY     2012   37,152
35   ACUITY     2011   37,152
36   EQUITY     2013   37,071
37   BERNIS     2011   35,995
38   RESOURCE   2010   31,775
 
(i) Denotes vessel we have agreed to sell.
 

Framework Deed
 
Under the Framework Deed dated May 15, 2013 (the “Original Framework Deed”), as amended and restated on May 18, 2015 and as further amended on June 12, 2018 (the “Framework Deed”), between the Company and its wholly-owned subsidiary, Costamare Ventures Inc. (“Costamare Ventures”), on the one hand, and York Capital Management Global Advisors LLC and an affiliated fund (collectively, “York”), on the other, we agreed with York to jointly invest in newbuild and secondhand container vessels through vessel-owning joint venture entities in which we hold a minority equity interest (any such entity, referred to as a “Joint Venture entity”), and any such jointly owned vessel, referred to as a “Joint Venture vessel”). During 2023, we acquired York Capital’s 51% equity interest in each of the 2018-built, 3,800 TEU capacity containership Polar Brasil and the 2001-built, 1,550 TEU capacity containership Arkadia and, as a result, we obtained 100% of the equity interests in each vessel. The Framework Deed was terminated on December 31, 2024 upon the winding up of the last remaining Joint Venture entity.
Chartering of Our Fleet
 
Container vessels: We aim to deploy our containership fleet principally under long-term, fixed-rate time charters with leading liner companies that operate on regularly scheduled