- Costamare has ordered four 3,100 TEU containerships from a Chinese shipyard, scheduled for delivery between Q2 and Q4 2027, each secured on an eight-year charter with a leading liner company.
- The company also fixed two 6,500 TEU containerships on forward three-year charters starting in Q1 and Q2 2026, boosting contracted revenues by over $310 million.
- Fleet employment is fully booked for 2025 and 75% fixed for 2026, with total contracted revenues of $2.5 billion and a 3.2-year average charter duration.
New York-listed Greek shipowner Costamare has strengthened its container ship newbuilding program by finalizing four contracts with a Chinese shipyard in July 2025. Each newbuild will have a capacity of approximately 3,100 TEU, with deliveries expected between the second and fourth quarters of 2027. Upon delivery, the vessels will begin eight-year time charters with a leading global liner company. The investment will be funded through a combination of cash reserves and debt financing, according to Shipping Telegraph, according to Shipping Telegraph.
Fleet Chartering Activity
Alongside its newbuilding program, Costamare has secured forward charters for two 6,500 TEU containerships. These three-year charters will commence in the first and second quarters of 2026. The transactions, including the long-term employment of the four newbuildings, have increased contracted revenues by more than $310 million.
Fleet Profile and Employment
Costamare currently operates a fleet of 68 containerships with a combined capacity of around 513,000 TEU, along with four newbuildings under construction totaling 12,400 TEU. As of now, the company’s containership fleet employment stands at 100% for 2025 and 75% for 2026. The total contracted revenues amount to $2.5 billion, with an average remaining time charter duration of 3.2 years.
Market Outlook
Chief Financial Officer Gregory Zikos highlighted that with less than 1% of the global containership fleet commercially idle, the market remains strong. The limited availability of prompt tonnage, rather than weak demand, is driving current low fixing activity. Charter rates remain robust across all segments, supported by tight supply conditions.
Neptune Maritime Leasing Growth
Costamare continues to expand its investment presence through Neptune Maritime Leasing. The platform has funded or committed to 47 shipping assets, with total investments and commitments exceeding $650 million.
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Source: Shipping Telegraph
