Costamare Inc. (NYSE:CMRE) is a Greek and Marshall Islands corporation and one of the world's leading owners and providers of containerships for charter.
The containerships operate primarily under multi-year time charters and therefore are not subject to the effect of seasonal variations in demand.
[11] In 2010 it completed a US$159.6 million IPO to fund an expansion of its fleet COSCO Guangzhou is a container ship, and one of the largest currently in service.
On 25 May 2012, the captain and navigation officer of the Rena at the time of the incident, appeared in Tauranga District Court for sentencing.
[15][16] Owners Daina Shipping, a subsidiary of Costamare, was reported to have spent 235 million NZD on the salvage and cleanup operations.