Thursday, October 18, 2012

[Marine] Costamare may buy boxships

Costamare may buy boxships

Greek boxship owner Costamare launches an overnight secondary equity offering.

The New York-listed company plans to offer 7m shares.

At a price near the share’s Monday closing price of $15.23, the issue could raise $100m.

It intends to use the proceeds of the offering “for capital expenditures, including vessel acquisitions” among others.

Costamare has bought four boxships from the secondhand market earlier this year.



Published : October 17, 2012


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