Costamare Announces Investment In Neptune Leasing

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Costamare has agreed to become the leading investor in Neptune Maritime Leasing Limited through the investment of an amount of up to $200 million.

Neptune Leasing is a growth-oriented maritime leasing platform providing flexible financing solutions to shipowners, which was established in 2021 by seasoned financier Harris Antoniou, who will continue as CEO.

Mr. Vassilis Mantzavinos, an experienced shipping banker, will be appointed, among others, as an additional Board member of Neptune Leasing on behalf of Costamare.

Costamare is pleased to be teaming up in this venture with Neptune Leasing’s anchor investor, Latsco Family Office, the Family Office of Marianna J. Latsis’ family, which is also increasing its investment in Neptune Leasing.

Considering current asset values, the Company believes that the Neptune Leasing investment is a favourable employment of the Company’s increased liquidity and is expected to provide healthy returns at acceptable risk levels. The new venture is synergetic to the existing ship owning platform and is expected to further enhance the strong relationships built over the last decades with shipowners and commercial lenders in the ship financing sector.

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