Capital commitments
As of October 22, 2012, we had outstanding commitments relating to our contracted newbuilds aggregating $686.7 million payable in installments until the vessels are delivered.
Conference Call details:
On Wednesday, October 24, 2012 at 8:30 a.m., EDT, Costamare's management team will hold a conference call to discuss the financial results.
Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1(866) 819-7111 (from the US), 0(800) 953-0329 (from the UK) or +(44) (0) 1452 542 301 (from outside the US). Please quote "Costamare."
A replay of the conference call will be available until October 31, 2012. The United States replay number is 1(866) 247-4222; from the UK 0(800) 953-1533; the standard international replay number is (+44) (0) 1452 550 000 and the access code required for the replay is: 25306424#.
Live webcast:
There will also be a simultaneous live webcast over the Internet, through the Costamare Inc. website (www.costamare.com) under the "Investors" section. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.
About Costamare Inc.
Costamare Inc. is one of the world's leading owners and providers of containerships for charter. The Company has 37 years of history in the international shipping industry and a fleet of 57 containerships, with a total capacity of approximately 329,000 TEU, including 10 newbuild containerships on order. Costamare Inc.'s common shares trade on the New York Stock Exchange under the symbol "CMRE."
Forward-Looking Statements
This earnings release contains "forward-looking statements". In some cases, you can identify these statements by forward-looking words such as "believe", "intend", "anticipate", "estimate", "project", "forecast", "plan", "potential", "may", "should", "could" and "expect" and similar expressions. These statements are not historical facts but instead represent only Costamare's belief regarding future results, many of which, by their nature, are inherently uncertain and outside of Costamare's control. It is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in Costamare Inc.'s Annual Report on Form 20-F (File No. 001-34934) under the caption "Risk Factors".
Fleet List
The tables below provide additional information, as of October 22, 2012, about our fleet of 57 containerships, including 10 newbuilds on order. Each vessel is a cellular containership, meaning it is a dedicated container vessel.
---------------------------------------------------------------------------- Average Daily Charter Current Rate Time Daily Until Year Capacity Charter Charter Expiration Earliest Vessel Name Charterer Built (TEU) Term Hire of Charter Expiry (1) (U.S. (1) of dollars) Charter (U.S. dollars) (2)---------------------------------------------------------------------------- COSCO 12 December1 GUANGZHOU COSCO 2006 9,469 years 36,400 2017 36,400---------------------------------------------------------------------------- COSCO 12 January2 NINGBO COSCO 2006 9,469 years 36,400 2018 36,400---------------------------------------------------------------------------- COSCO 12 February3 YANTIAN COSCO 2006 9,469 years 36,400 2018 36,400---------------------------------------------------------------------------- COSCO 124 BEIJING COSCO 2006 9,469 years 36,400 April 2018 36,400---------------------------------------------------------------------------- COSCO 125 HELLAS COSCO 2006 9,469 years 37,519 May 2018 37,519---------------------------------------------------------------------------- 1.5 September6 NAVARINO Evergreen 2010 8,531 years 30,950 2013 30,950---------------------------------------------------------------------------- MAERSK A.P. KAWASAKI Moller- 10 December7 (i) Maersk 1997 7,403 years 37,000 2017 37,000---------------------------------------------------------------------------- A.P. MAERSK KURE Moller- 10 December8 (i) Maersk 1996 7,403 years 37,000 2017 37,000---------------------------------------------------------------------------- A.P. MAERSK Moller- 10 February9 KOKURA (i) Maersk 1997 7,403 years 37,000 2018 37,000---------------------------------------------------------------------------- 10 September10 MSC METHONI MSC 2003 6,724 years 29,000 2021 29,000---------------------------------------------------------------------------- A.P. SEALAND NEW Moller- 11 30,37511 YORK Maersk 2000 6,648 years (3) March 2018 27,325---------------------------------------------------------------------------- A.P. Moller- 11 38,17912 MAERSK KOBE Maersk 2000 6,648 years (4) May 2018 29,789---------------------------------------------------------------------------- A.P. SEALAND Moller- 11 30,37513 WASHINGTON Maersk 2000 6,648 years (5) June 2018 27,484---------------------------------------------------------------------------- A.P. SEALAND Moller- 11 25,375 August14 MICHIGAN Maersk 2000 6,648 years (6) 2018 25,852---------------------------------------------------------------------------- A.P. SEALAND Moller- 11 30,375 October15 ILLINOIS Maersk 2000 6,648 years (7) 2018 27,620---------------------------------------------------------------------------- A.P. MAERSK Moller- 11 38,490 November16 KOLKATA Maersk 2003 6,644 years (8) 2019 31,759---------------------------------------------------------------------------- A.P. MAERSK Moller- 11 38,461 February17 KINGSTON Maersk 2003 6,644 years (9) 2020 32,011---------------------------------------------------------------------------- A.P. MAERSK Moller- 11 38,41818 KALAMATA Maersk 2003 6,644 years (10) April 2020 32,094---------------------------------------------------------------------------- 5.3 November19 MSC ROMANOS MSC 2003 5,050 years 28,000 2016 28,000---------------------------------------------------------------------------- ZIM NEW 13 July 201520 YORK ZIM 2002 4,992 years 23,150 (11) 23,150---------------------------------------------------------------------------- ZIM 13 August21 SHANGHAI ZIM 2002 4,992 years 23,150 2015 (11) 23,150---------------------------------------------------------------------------- ZIM PIRAEUS 10 18,27422 (ii) ZIM 2004 4,992 years (12) March 2014 31,532---------------------------------------------------------------------------- OAKLAND Hapag September23 EXPRESS Lloyd 2000 4,890 8 years 30,500 2016 30,500---------------------------------------------------------------------------- HALIFAX Hapag October24 EXPRESS Lloyd 2000 4,890 8 years 30,500 2016 30,500---------------------------------------------------------------------------- SINGAPORE Hapag25 EXPRESS Lloyd 2000 4,890 8 years 30,500 July 2016 30,500---------------------------------------------------------------------------- MSC 7.8 August26 MANDRAKI MSC 1988 4,828 years 20,000 2017 20,000---------------------------------------------------------------------------- 8.2 September27 MSC MYKONOS MSC 1988 4,828 years 20,000 2017 20,000---------------------------------------------------------------------------- 5.328 MSC ULSAN MSC 2002 4,132 years 16,500 March 2017 16,500---------------------------------------------------------------------------- 4.3 August29 MSC ANTWERP MSC 1993 3,883 years 17,500 2013 17,500---------------------------------------------------------------------------- MSC 3.2 February30 WASHINGTON MSC 1984 3,876 years 17,250 2013 17,250---------------------------------------------------------------------------- 3.131 MSC KYOTO MSC 1981 3,876 years 17,250 June 2013 17,250---------------------------------------------------------------------------- 15,20032 KORONI Evergreen 1998 3,842 2 years (13) April 2014 11,332---------------------------------------------------------------------------- 15,20033 KYPARISSIA Evergreen 1998 3,842 2 years (14) May 2014 11,292---------------------------------------------------------------------------- 9.5 17,250 September34 MSC AUSTRIA MSC 1984 3,584 years (15) 2018 13,518---------------------------------------------------------------------------- Sea 1.5 January35 KARMEN Consortium 1991 3,351 years 7,000 2013 7,000---------------------------------------------------------------------------- 1.1 15,20036 MARINA Evergreen 1992 3,351 years (16) April 2013 8,767---------------------------------------------------------------------------- 1.0 7,550 September37 KONSTANTINA Evergreen 1992 3,351 year (17) 2013 7,550---------------------------------------------------------------------------- Hapag August38 AKRITAS Lloyd 1987 3,152 4 years 12,500 2014 12,500---------------------------------------------------------------------------- MSC 4.839 CHALLENGER MSC 1986 2,633 years 10,000 July 2015 10,000---------------------------------------------------------------------------- 1.5 February40 MESSINI Evergreen 1997 2,458 years 8,100 2014 8,100----------------------------------------------------------------------------41 MSC REUNION MSC 1992 2,024 6 years 11,500 June 2014 11,500---------------------------------------------------------------------------- MSC NAMIBIA 6.842 II MSC 1991 2,023 years 11,500 July 2014 11,500---------------------------------------------------------------------------- MSC SIERRA 5.743 II MSC 1991 2,023 years 11,500 June 2014 11,500---------------------------------------------------------------------------- January44 MSC PYLOS MSC 1991 2,020 3 years 11,500 2014 11,500---------------------------------------------------------------------------- 0.1 5,750 November45 PROSPER Sinokor 1996 1,504 years (18) 2012 5,750---------------------------------------------------------------------------- 1.746 ZAGORA MSC 1995 1,162 years 5,500 April 2013 5,500---------------------------------------------------------------------------- STADT 0.7 5,80047 LUEBECK CMA CGM 2001 1.078 years (19) April 2013 6,198----------------------------------------------------------------------------
