New York-listed Costamare has five 11,000-teu newbuildings at Hanjin Subic that will begin to arrive in the fourth quarter of this year.

Greg Zikos, chief financial officer at Costamare, says numerous contract discussions have taken place. 

“There is definitely interest for those vessels,” he said on the owner’s second quarter conference call.

While declining to go into details he expressed extreme confidence in the ships finding work and meeting the customer’s needs.

Zikos says loans have not been secured yet as without contracts the terms would not be very attractive.

The newbuildings are part of a 14 ship strong investment by Costamare and York, a relationship that was renewed for a further five-year investment period this week.

Zikos says there is a chemistry between the two companies and that he sees a lot of opportunities in the market alongside a number of projects with charterers.

He says there is no limit to the capital the venture is prepared to deploy.