Costamare Linked to $1.32bn Order for 12 Boxships at DSIC

the shipowner was not officially disclosed, shipbroking sources link the order to New York-listed Greek owner Costamare Inc. The vessels are reportedly backed by long-term charters from COSCO Shipping Lines and may be deployed by OOCL. The ships will be conventionally fuelled and constructed at DSIC’s Tianjin yard. If confirmed, this order would increase Costamare’s newbuilding program to 22 vessels, complementing its existing 10 ships under construction at Zhoushan Changhong. The deal highlights growing use of RMB settlement in Chinese shipbuilding contracts involving international owners and Chinese charterers.