Neptune Maritime Leasing Announces Investment From Costamare Inc.
16 Marzo 2023 - 6:45AM
Neptune Maritime Leasing Limited (“
Neptune
Leasing” or the “
Company”) is pleased to
announce that Costamare Inc., (“
Costamare”) (NYSE:
CMRE), has agreed to become the leading investor in Neptune Leasing
through the investment of an amount of up to $200M.
Costamare will be appointing three additional
members to the Board of Neptune Leasing, including Vassilis
Mantzavinos, an experienced shipping banker.
Nikoletta Fouska, Chief Investment Officer of
the LATSCO Family Office said: “We are very pleased that Costamare
has selected Neptune Leasing as the vehicle for their investment in
the sector. We have also committed to significantly increase our
original investment in Neptune Leasing. Harris and the team have
made excellent progress since Latsco FO anchored the platform in
early 2021.”
Harris Antoniou, the Founder and CEO of Neptune
Leasing, commented: “We are honored that yet another leading
shipping investor has chosen to back our platform of leasing
services to the maritime community. Both our key investors share
Neptune Leasing’s goal to build a high quality portfolio in
shipping, diversify across various shipping sectors and pursue
healthy returns at acceptable risk levels. The Neptune business
model is not competitive but symbiotic to bank finance and we are
pursuing cooperation with commercial lenders. Finally, I welcome
Vassilis Mantzavinos as well as the other new members to the Board
of Directors.”
Gabriella Kindert, Non-Executive Director &
Board Chair added: “Maritime leasing has attractive
income-generating capacity, downside protection, and limited
correlation with other investment products. Given the large
fragmented market and the growing demand for credit, maritime
leasing offers an opportune entry point for investors. The support
Neptune Leasing enjoys from two leading strategic investors with
interests in shipping enables the Company to pursue its mission and
growth objectives. I welcome the new experienced Costamare
representatives on the Board of Directors.”
About Neptune Maritime
Leasing
https://www.neptuneleasing.com
Neptune Maritime Leasing was established in
2021. It is a growth-oriented maritime leasing platform with the
mission to providing shipowners with access to a flexible financing
tool and investors with secure access to an under-invested asset
class with attractive real yield. Our strategy is to buy high
quality assets and build a portfolio of long-term contracts through
sale and leaseback transactions in diverse maritime sectors. We are
committed to delivering attractive, long term, risk-adjusted, and
responsible returns to our investors, by advancing global trade and
economic growth through supporting the maritime industry
responsibly, and by making a positive contribution to the
environment and to society as a whole.
About The Latsco Family
Office
The Latsco Family Office (“LFO”), the first
Anchor Investor in Neptune Leasing, is the Single Family Office of
Marianna J. Latsis’ family, with offices in Athens, Geneva, and
London. LFO manages strategic investments in Shipping, Energy,
Infrastructure, Real Estate and Fintech, has investment expertise
across asset classes and multiple strategic partnerships. The
Latsis family is one of the world’s most renowned investors in
shipping since the 1940’s via the Latsco Shipping Group.
About Costamare Inc.
https://www.costamare.com/
Costamare Inc. is one of the world’s leading
owners and providers of containerships and dry bulk vessels for
charter. The Company has 49 years of history in the international
shipping industry and a fleet of 72 containerships, with a total
capacity of approximately 531,000 TEU (including one vessel that we
have agreed to sell) and 45 dry bulk vessels with a total capacity
of approximately 2,436,000 DWT. The Company also has a dry bulk
operating platform which charters in/out dry bulk vessels, enters
into contracts of affreightment and utilizes hedging solutions.
Four of our containerships have been acquired pursuant to the
Framework Deed with York by vessel-owning joint venture companies
in which we hold a minority equity interest. The Company’s common
stock, Series B Preferred Stock, Series C Preferred Stock, Series D
Preferred Stock and Series E Preferred Stock trade on the New York
Stock Exchange under the symbols “CMRE”, “CMRE PR B”, “CMRE PR C”,
“CMRE PR D” and “CMRE PR E”, respectively.
For more information please contact:
Company
Harris AntoniouFounder & CEONeptune Maritime Leasing
LimitedEmail: info@neptuneleasing.comWebsite:
https://www.neptuneleasing.com
Costamare (NYSE:CMRE)
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