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Earnings record for Costamare, Safe Bulkers and Seanergy

By Anastasia Vamvaka

The all-time profit record was set in 2021 for Costamare with $ 435.1 million compared to $ 174.3 million in 2020, with the largest Greek containership management company and now bulkers having a fleet of more than 123 ships.

At the same time, Costamare’s investment moves to renew and strengthen its fleet are of interest. In particular, the company agreed or completed the sale of seven containerships, with total estimated sales profits amounting to approximately $ 235.8 million. On the other hand, Costamare added to its fleet one containership and 11 bulk carriers while another bulk carrier is expected. to be received within the first quarter of the year, further strengthening the presence of bulk carriers in its fleet. In addition, Costamare entered into a total of 35 charter agreements for its containerships in 2021, which are expected to generate total revenue of up to $ 1.4 billion.

Grigoris Zikos, Costamare Chief Financial Officer, said: “2021 was a record year for Costamare. With a fleet of 123 vessels, including 46 bulk carriers, the company posted profits of over $ 400 million.”

Taking advantage of the freight market, Safe Bulkers continues its “golden” course in 2021 was improved compared to the corresponding periods in 2020, closing with profits of 329 million dollars compared to 198.2 last year, with net profits reaching the $ 174.3 million.

At the same time, the Safe Bulkers orderbook numbers eight ships, five of which are Kamsarmax, with the remaining three belonging to the Post-Panamax category. Two of the above will be delivered in 2022, four in 2023 and the last two in 2024.

It is noted that in 2021 Safe Bulkers entered into agreements for the acquisition of four second-hand ships, three of which have already been delivered to it. Finally, the company entered into agreements for the sale of seven ships during the year, five of which have already been handed over to their new owners.

Net profit in 2021 for Seanergy Maritime Holdings Corp. with the fourth quarter turnover amounting to 56.7 million dollars, increased by 166%, compared to the corresponding period in 2020. The adjusted net profit of the Company amounted to 27, $ 9 million, compared to a loss of $ 2.3 million in the fourth quarter of 2020. Record earnings of $ 53.3 million for 2021, with a turnover of $ 153.1 million, up 142% from $ 63.3 million in 2020. The company recorded adjusted earnings before interest, taxes, depreciation and amortization of $ 90.1 million, compared to $ 15.6 million in the corresponding twelve months of 2020.

Source: Capital

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