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Background

The founders of Costamare have a long history of operating and investing in the shipping industry. The name “Costamare” was first used in the shipping industry in 1975 when Captain Vasileios Konstantakopoulos, the father of our current chairman and chief executive officer Konstantinos Konstantakopoulos, formed Costamare Shipping Company S.A. (“Costamare Shipping”) to serve as the manager of the then existing fleet of ships directly or indirectly owned by the Konstantakopoulos family. The initial focus of Capt. Vasileios Konstantakopoulos was on drybulk carriers, but he soon grasped the importance of containerization and gradually Costamare evolved into one of the largest independent owners of containerships in the world.
Konstantinos (Kostis) Konstantakopoulos, became the CEO of Costamare Shipping in 1998 and Chairman and CEO of Costamare in 2010. Under his leadership Costamare continued to foster a culture focusing on excellent customer service, industry leadership and innovation.

Historical Highlights 1975 Costamare Shipping is established by a Greek Captain, Vasileios Konstantakopoulos. At the same time Capt. Vasileios Konstantakopoulos acquires his first ship, a cargo vessel of 2,000 tons. 1984 Diversification into containership ownership and management with the purchase of four containerships of 1,000 TEU capacity. 1987 Acquisition of additional, younger and bigger, containerships including six of 965 TEU capacity and two ex-US Lines' owned containerships, of 2,500 TEU each. 1994 The first newbuildings are ordered - three 3,500 TEU ships from Samsung Heavy Industries Co., Ltd. to be delivered in 1996. This ings the fleet to 32 cellular ships. 1997 The founders and Costamare Shipping move to their new headquarters in Athens, Greece. 1998 Five post-panamax containerships of 6,500 TEU capacity are ordered, the largest for construction in South Korea and the first post-panamaxes for an independent containership owner. 1998 Konstantinos Konstantakopoulos takes over as CEO of Costamare Shipping. 2003 Five ships of more than 8,000 TEU capacity each are ordered from Hyundai Heavy Industries Co. Ltd. to be delivered in 2006. These containerships are subsequently expanded in design to 9,500 TEU capacity each. 2005 Shanghai Costamare Ship Management Co., Ltd is established in Shanghai, The People’s Republic China. 2006 On delivery, the latest Hyundai newbuildings become five of the largest containerships afloat and commence 12-year charters to Cosco Container Lines. 2006 C-Man Maritime begins operations in the Philippines as an exclusive manning and training affiliate for Costamare Shipping and its management contractors. 2008 Under an agreement with German classification society Germanischer Lloyd, five ships of the Costamare fleet operationally pioneer a new carbon emissions indexing tool, making them the first worldwide to fully comply with new international guidelines on CO2 indexing. 2008 Ownership of the Costamare fleet was consolidated under the holding structure of Costamare Inc. 2010 Delivery of the 8,350 TEU capacity newbuilding containership, MSC Navarino, constructed by Hudong-Zhonghua Shipbuilding (Group) Co. Ltd., China. 2010 Costamare listed on the New York Stock Exchange under the ticket "CMRE" 2011 Costamare continues to expand its fleet, taking delivery of ten second hand vessels and contracting to purchase 10 newbuildings, which were fixed on long term time charters with MSC and Evergreen. 2012 Costamare successfully completes two follow-on equity offerings in March and October 2012, issuing 7.5 million and 7.0 million shares, respectively. 2013 Costamare Shipping enters into a co-operation agreement with V.Ships Greece Ltd., establishing a Shipmanagement cell to manage Costamare as well as third party vessels. 2013 Costamare forms a containership acquisition joint venture with York Capital Management. 2013 Costamare successfully completes the offering of 2 million 7.625% Series B Cumulative Redeemable Perpetual Preferred Shares, which are listed on the New York Stock Exchange under the ticket "CMRE PB".