Document And Entity Information
Document And Entity Information | 12 Months Ended |
Dec. 31, 2022 shares | |
Document Information [Line Items] | |
Entity Central Index Key | 0001503584 |
Entity Registrant Name | Costamare Inc. |
Amendment Flag | false |
Current Fiscal Year End Date | --12-31 |
Document Fiscal Period Focus | FY |
Document Fiscal Year Focus | 2022 |
Document Type | 20-F |
Document Annual Report | true |
Document Period End Date | Dec. 31, 2022 |
Document Transition Report | false |
Entity File Number | 001-34934 |
Entity Incorporation, State or Country Code | 1T |
Entity Address, Address Line One | 7 Rue du Gabian |
Entity Address, City or Town | MC |
Entity Address, Postal Zip Code | 98000 |
Entity Address, Country | MC |
Entity Well-known Seasoned Issuer | No |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Accelerated Filer |
Entity Emerging Growth Company | false |
ICFR Auditor Attestation Flag | true |
Entity Shell Company | false |
Auditor Firm ID | 1457 |
Auditor Name | Ernst & Young (Hellas) Certified Auditors Accountants S.A. |
Auditor Location | Athens, Greece |
Document Accounting Standard | U.S. GAAP |
Document Shell Company Report | false |
Document Registration Statement | false |
Business Contact [Member] | |
Document Information [Line Items] | |
Entity Address, Address Line One | 7 rue du Gabian |
Entity Address, City or Town | MC |
Entity Address, Postal Zip Code | 98000 |
Entity Address, Country | MC |
City Area Code | 377 |
Local Phone Number | 93 25 09 40 |
Contact Personnel Name | Anastassios Gabrielides |
Series E Preferred Stock [Member] | |
Document Information [Line Items] | |
Title of 12(b) Security | Series E Preferred Stock, $0.0001 par value per share |
Trading Symbol | CMRE.PRE |
Security Exchange Name | NYSE |
Entity Common Stock, Shares Outstanding | 4,574,100 |
Series D Preferred Stock [Member] | |
Document Information [Line Items] | |
Title of 12(b) Security | Series D Preferred Shares, $0.0001 par value per share |
Trading Symbol | CMRE.PRD |
Security Exchange Name | NYSE |
Entity Common Stock, Shares Outstanding | 3,986,542 |
Series C Preferred Stock [Member] | |
Document Information [Line Items] | |
Title of 12(b) Security | Series C Preferred Shares, $0.0001 par value per share |
Trading Symbol | CMRE.PRC |
Security Exchange Name | NYSE |
Entity Common Stock, Shares Outstanding | 3,973,135 |
Series B Preferred Stock [Member] | |
Document Information [Line Items] | |
Title of 12(b) Security | Series B Preferred Shares, $0.0001 par value per share |
Trading Symbol | CMRE.PRB |
Security Exchange Name | NYSE |
Entity Common Stock, Shares Outstanding | 1,970,649 |
Common Stock [Member] | |
Document Information [Line Items] | |
Title of 12(b) Security | Common Stock, $0.0001 par value per share |
Trading Symbol | CMRE |
Security Exchange Name | NYSE |
Entity Common Stock, Shares Outstanding | 122,301,711 |
Preferred Stock Purchase Rights [Member] | |
Document Information [Line Items] | |
Title of 12(b) Security | Preferred stock purchase rights |
Security Exchange Name | NYSE |
No Trading Symbol Flag | true |
Consolidated Balance Sheets
Consolidated Balance Sheets - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
CURRENT ASSETS: | ||
Cash and cash equivalents (Note 2(e)) | $ 718,049 | $ 276,002 |
Restricted cash (Note 2(e)) | 9,768 | 8,856 |
Accounts receivable, net (Note 3) | 26,943 | 20,978 |
Inventories (Note 6) | 28,039 | 21,365 |
Due from related parties (Note 3) | 3,838 | 0 |
Fair value of derivatives (Notes 20 and 21) | 25,660 | 0 |
Insurance claims receivable | 5,410 | 3,970 |
Time charter assumed (Note 13) | 199 | 198 |
Accrued charter revenue (Note 13) | 10,885 | 7,361 |
Short-term investments (Note 5) | 120,014 | 0 |
Prepayments and other assets | 10,622 | 8,595 |
Vessels held for sale (Note 7) | 55,195 | 78,799 |
Total current assets | 1,014,622 | 426,124 |
FIXED ASSETS, NET: | ||
Right-of-use assets (Note 12) | 0 | 191,303 |
Vessels and advances, net (Note 7) | 3,666,861 | 3,650,192 |
Total fixed assets, net | 3,666,861 | 3,841,495 |
OTHER NON-CURRENT ASSETS: | ||
Equity method investments (Note 10) | 20,971 | 19,872 |
Accounts receivable, net, non-current (Note 3) | 5,261 | 5,076 |
Deferred charges, net (Note 8) | 55,035 | 31,859 |
Restricted cash, non-current (Note 2(e)) | 83,741 | 68,670 |
Time charter assumed, non-current (Note 13) | 468 | 667 |
Accrued charter revenue, non-current (Note 13) | 11,627 | 8,183 |
Fair value of derivatives, non-current (Notes 20 and 21) | 37,643 | 3,429 |
Other non-current assets (Note 5) | 0 | 1,666 |
Total assets | 4,896,229 | 4,407,041 |
CURRENT LIABILITIES: | ||
Current portion of long-term debt, net of deferred financing costs (Note 11) | 320,114 | 272,365 |
Accounts payable | 18,155 | 18,865 |
Due to related parties (Note 3) | 2,332 | 1,694 |
Finance lease liabilities, net (Note 12) | 0 | 16,676 |
Accrued liabilities | 51,551 | 27,304 |
Unearned revenue (Note 13) | 25,227 | 23,830 |
Fair value of derivatives (Notes 20 and 21) | 2,255 | 6,876 |
Other current liabilities | 3,456 | 2,417 |
Total current liabilities | 423,090 | 370,027 |
NON-CURRENT LIABILITIES: | ||
Long-term debt, net of current portion and deferred financing costs (Note 11) | 2,264,507 | 2,169,718 |
Finance lease liabilities, net of current portion (Note 12) | 0 | 99,689 |
Fair value of derivatives, non-current portion (Notes 20 and 21) | 13,655 | 7,841 |
Unearned revenue, net of current portion (Note 13) | 34,540 | 33,867 |
Total non-current liabilities | 2,312,702 | 2,311,115 |
COMMITMENTS AND CONTINGENCIES (Note 14) | 0 | 0 |
Temporary equity – Redeemable non-controlling interest in subsidiary – (Note 15) | 3,487 | 0 |
STOCKHOLDERS’ EQUITY: | ||
Preferred stock (Note 16) | 0 | 0 |
Common stock (Note 16) | 12 | 12 |
Treasury stock (Note 16) | (60,095) | 0 |
Additional paid-in capital (Note 16) | 1,423,954 | 1,386,636 |
Retained earnings | 746,658 | 341,482 |
Accumulated other comprehensive income / (loss) (Notes 20 and 22) | 46,421 | (2,231) |
Total stockholders’ equity | 2,156,950 | 1,725,899 |
Total liabilities and stockholders’ equity | $ 4,896,229 | $ 4,407,041 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
REVENUES: | ||||
Voyage revenue | $ 1,113,859 | $ 793,639 | $ 460,319 | |
EXPENSES: | ||||
Voyage expenses | (49,069) | (13,311) | (7,372) | |
Voyage expenses-related parties (Note 3) | (15,418) | (11,089) | (6,516) | |
Vessels’ operating expenses | (269,231) | (179,981) | (117,054) | |
General and administrative expenses | (9,737) | (6,872) | (4,103) | |
General and administrative expenses – related parties (Note 3) | (9,792) | (9,947) | (6,912) | |
Management and agency fees-related parties (Note 3) | (46,735) | (29,621) | (21,616) | |
Amortization of dry-docking and special survey costs (Note 8) | (13,486) | (10,433) | (9,056) | |
Depreciation (Notes 7, 12 and 22) | (165,998) | (136,958) | (108,700) | |
Gain / (loss) on sale of vessels, net (Note 7) | 126,336 | 45,894 | (79,120) | |
Loss on vessels held for sale (Note 7) | 0 | 0 | (7,665) | |
Vessels’ impairment loss (Notes 7 and 8) | (1,691) | 0 | (31,577) | |
Foreign exchange gains / (losses) | 3,208 | 29 | (300) | |
Operating income | 662,246 | 441,350 | 60,328 | |
OTHER INCOME / (EXPENSES): | ||||
Interest income | 5,956 | 1,587 | 1,827 | |
Interest and finance costs (Note 18) | (122,233) | (86,047) | (68,702) | |
Swaps breakage cost, net (Note 20) | 0 | 0 | (6) | |
Income from equity method investments (Note 10) | 2,296 | 12,859 | 16,195 | |
Gain on sale of equity securities (Note 5) | 0 | 60,161 | 0 | |
Dividend income (Note 5) | 0 | 1,833 | 0 | |
Other, net | 3,729 | 4,624 | 1,181 | |
Gain / (loss) on derivative instruments, net (Note 20) | 2,698 | (1,246) | (1,946) | |
Total other expenses, net | (107,554) | (6,229) | (51,451) | |
Net income | 554,692 | 435,121 | 8,877 | |
Net loss attributable to the non-controlling interest (Note 15) | 263 | 0 | 0 | |
Net income attributable to Costamare Inc. | 554,955 | [1] | 435,121 | 8,877 |
Earnings allocated to Preferred Stock (Note 17) | (31,068) | (31,068) | (31,082) | |
Gain on retirement of Preferred Stock (Note 17) | 0 | 0 | 619 | |
Net income / (loss) available to Common Stockholders | $ 523,887 | $ 404,053 | $ (21,586) | |
Earnings / (losses) per common share, basic and diluted (Note 17) (in dollars per share) | $ 4.26 | $ 3.28 | $ (0.18) | |
Weighted average number of shares, basic and diluted (Note 17) (in shares) | 122,964,358 | 123,070,730 | 120,696,130 | |
[1]Net income excludes net loss attributable to non-controlling interest of $263 during the year ended December 31, 2022. Temporary equity - non-controlling interest in subsidiary is reflected outside of the permanent stockholders’ equity on the 2022 consolidated balance sheet. See Note 15 of the Notes to the Consolidated Financial Statements. |
Consolidated Statements of Comp
Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net income for the year | $ 554,692 | $ 435,121 | $ 8,877 |
Other comprehensive income: | |||
Unrealized gain / (loss) on cash flow hedges, net (Notes 20 and 22) | 46,435 | 6,799 | (6,806) |
Reclassification of amount excluded from the interest rate caps assessment of effectiveness based on an amortization approach to Interest and finance costs | 1,286 | 0 | 0 |
Effective portion of changes in fair value of cash flow hedges (Notes 20 and 22) | 868 | (1,136) | 0 |
Amounts reclassified from Net settlements on interest rate swaps qualifying for hedge accounting to Depreciation (Note 22) | 63 | 63 | 63 |
Other comprehensive income / (loss) for the year | 48,652 | 5,726 | (6,743) |
Total comprehensive income for the year | 603,344 | 440,847 | 2,134 |
Comprehensive loss attributable to the non-controlling interest (Note 15) | 263 | 0 | 0 |
Total comprehensive income for the year attributable to Costamare Inc. | $ 603,607 | $ 440,847 | $ 2,134 |
Consolidated Statements of Stoc
Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | Cumulative Effect, Period of Adoption, Adjustment [Member] Preferred Stock [Member] Series E Preferred Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Preferred Stock [Member] Series D Preferred Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Preferred Stock [Member] Series C Preferred Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Preferred Stock [Member] Series B Preferred Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Treasury Stock [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Additional Paid-in Capital [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] AOCI Attributable to Parent [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] Retained Earnings [Member] | Cumulative Effect, Period of Adoption, Adjustment [Member] | Preferred Stock [Member] Series E Preferred Stock [Member] | Preferred Stock [Member] Series D Preferred Stock [Member] | Preferred Stock [Member] Series C Preferred Stock [Member] | Preferred Stock [Member] Series B Preferred Stock [Member] | Preferred Stock [Member] | Common Stock [Member] | Treasury Stock [Member] | Additional Paid-in Capital [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Total | |
Balance (in shares) at Dec. 31, 2019 | 4,600,000 | 4,000,000 | 4,000,000 | 2,000,000 | 119,132,696 | 0 | ||||||||||||||||
Balance at Dec. 31, 2019 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ (543) | $ (543) | $ 0 | $ 0 | $ 0 | $ 0 | $ 12 | $ 0 | $ 1,351,352 | $ (1,214) | $ 60,578 | $ 1,410,728 | ||
Net income | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | 0 | 0 | 8,877 | 8,877 | ||||||||||||
- Issuance of common stock (Notes 3 and 16) (in shares) | 0 | 0 | 0 | 0 | 3,027,942 | 0 | ||||||||||||||||
- Issuance of common stock (Notes 3 and 16) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | 17,437 | 0 | 0 | 17,437 | ||||||||||||
- Retirement of Preferred Stock (Note 16) (in shares) | (25,900) | (13,458) | (26,865) | (29,351) | (95,574) | 0 | 0 | |||||||||||||||
- Retirement of Preferred Stock (Note 16) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | (2,303) | 0 | (1,684) | |||||||||||||
- Retirement of Preferred Stock (Note 16) | 619 | |||||||||||||||||||||
- Dividends – Common stock (Note 16) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (48,127) | (48,127) | ||||||||||||
- Dividends – Preferred stock (Note 16) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (31,125) | (31,125) | ||||||||||||
- Other comprehensive income (loss) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | 0 | (6,743) | 0 | (6,743) | ||||||||||||
Balance (in shares) at Dec. 31, 2020 | 4,574,100 | 3,986,542 | 3,973,135 | 1,970,649 | 122,160,638 | 0 | ||||||||||||||||
Balance at Dec. 31, 2020 | $ 0 | $ 0 | $ 0 | $ 0 | $ 12 | $ 0 | 1,366,486 | (7,957) | (9,721) | 1,348,820 | ||||||||||||
Net income | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | 0 | 0 | 435,121 | 435,121 | ||||||||||||
- Issuance of common stock (Notes 3 and 16) (in shares) | 0 | 0 | 0 | 0 | 1,824,466 | 0 | ||||||||||||||||
- Issuance of common stock (Notes 3 and 16) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | 20,064 | 0 | 0 | 20,064 | ||||||||||||
- Dividends – Common stock (Note 16) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (52,850) | (52,850) | ||||||||||||
- Dividends – Preferred stock (Note 16) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (31,068) | (31,068) | ||||||||||||
- Other comprehensive income (loss) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,726 | 0 | 5,726 | ||||||||||||
- Gain from common control transaction (Note 3) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | 86 | 0 | 0 | $ 86 | ||||||||||||
- Repurchase of common stock (Note 16) (in shares) | 0 | |||||||||||||||||||||
Balance (in shares) at Dec. 31, 2021 | 4,574,100 | 3,986,542 | 3,973,135 | 1,970,649 | 123,985,104 | 0 | ||||||||||||||||
Balance at Dec. 31, 2021 | $ 0 | $ 0 | $ 0 | $ 0 | $ 12 | $ 0 | 1,386,636 | (2,231) | 341,482 | $ 1,725,899 | ||||||||||||
Net income | [1] | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | 0 | 0 | 554,955 | 554,955 | |||||||||||
- Issuance of common stock (Notes 3 and 16) (in shares) | 0 | 0 | 0 | 0 | 3,053,309 | 0 | ||||||||||||||||
- Issuance of common stock (Notes 3 and 16) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | 37,318 | 0 | 0 | 37,318 | ||||||||||||
- Dividends – Common stock (Note 16) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (118,711) | (118,711) | ||||||||||||
- Dividends – Preferred stock (Note 16) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (31,068) | (31,068) | ||||||||||||
- Other comprehensive income (loss) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | 0 | 48,652 | 0 | $ 48,652 | ||||||||||||
- Repurchase of common stock (Note 16) (in shares) | 0 | 0 | 0 | 0 | 0 | (4,736,702) | (4,736,702) | |||||||||||||||
- Repurchase of common stock (Note 16) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ (60,095) | 0 | 0 | 0 | $ (60,095) | ||||||||||||
Balance (in shares) at Dec. 31, 2022 | 4,574,100 | 3,986,542 | 3,973,135 | 1,970,649 | 127,038,413 | (4,736,702) | ||||||||||||||||
Balance at Dec. 31, 2022 | $ 0 | $ 0 | $ 0 | $ 0 | $ 12 | $ (60,095) | $ 1,423,954 | $ 46,421 | $ 746,658 | $ 2,156,950 | ||||||||||||
[1]Net income excludes net loss attributable to non-controlling interest of $263 during the year ended December 31, 2022. Temporary equity - non-controlling interest in subsidiary is reflected outside of the permanent stockholders’ equity on the 2022 consolidated balance sheet. See Note 15 of the Notes to the Consolidated Financial Statements. |
Consolidated Statements of St_2
Consolidated Statements of Stockholders' Equity (Parentheticals) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Net loss attributable to non-controlling interest | $ 263 | $ 0 | $ 0 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cash Flows From Operating Activities: | |||
Net income: | $ 554,692 | $ 435,121 | $ 8,877 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation | 165,998 | 136,958 | 108,700 |
Credit loss provision | 0 | (324) | 26 |
Amortization of debt discount | 0 | (1,280) | (933) |
Amortization and write-off of financing costs | 10,255 | 6,704 | 3,645 |
Amortization of deferred dry-docking and special survey costs | 13,486 | 10,433 | 9,056 |
Amortization of assumed time charter | 198 | (424) | 192 |
Amortization of hedge effectiveness excluded component from cash flow hedges | 1,286 | 0 | 0 |
Equity based payments | 7,089 | 7,414 | 3,655 |
Increase in short-term investments | (1,296) | 0 | 0 |
Gain on sale of equity securities | 0 | (60,161) | 0 |
(Gain) / loss on derivative instruments, net | (2,698) | 1,246 | 1,759 |
(Gain) / loss on sale of vessels, net | (126,336) | (45,894) | 79,120 |
Loss on vessels held for sale | 0 | 0 | 7,665 |
Vessels’ impairment loss | 1,691 | 0 | 31,577 |
Income from equity method investments | (2,296) | (12,859) | (16,195) |
Changes in operating assets and liabilities: | |||
Accounts receivable | (6,150) | (12,828) | 3,852 |
Due from related parties | (3,838) | 3,549 | 5,953 |
Inventories | (6,674) | (9,917) | 91 |
Insurance claims receivable | (4,209) | (4,102) | (1,504) |
Prepayments and other | (361) | 3,133 | (853) |
Accounts payable | (710) | 9,639 | 1,367 |
Due to related parties | 638 | 1,261 | (41) |
Accrued liabilities | 21,903 | 11,892 | 3,619 |
Unearned revenue | (2,267) | 11,347 | 1,950 |
Other current liabilities | 1,039 | (599) | 284 |
Dividend from equity method investees | 1,114 | 6,370 | 16,653 |
Dry-dockings | (38,330) | (18,882) | (15,481) |
Accrued charter revenue | (2,631) | (11,303) | 21,250 |
Net Cash provided by Operating Activities | 581,593 | 466,494 | 274,284 |
Cash Flows From Investing Activities: | |||
Return of capital from equity method investments | 14 | 8,820 | 32,996 |
Payments to acquire short-term investments | (178,718) | 0 | 0 |
Settlements of short-term investments | 60,000 | 0 | 0 |
Debt securities capital redemption | 0 | 8,183 | 0 |
Proceeds from the settlement of insurance claims | 2,769 | 1,035 | 2,228 |
Proceeds from sale of equity securities | 0 | 63,963 | 0 |
Vessel acquisition and advances/Additions to vessel cost | (61,895) | (992,093) | (101,917) |
Proceeds from the sale of vessels, net | 220,318 | 122,636 | 30,296 |
Net Cash provided by / (used in) in Investing Activities | 42,488 | (787,456) | (36,397) |
Cash Flows From Financing Activities: | |||
Proceeds from long-term debt and finance leases | 1,014,284 | 1,225,397 | 285,903 |
Repayment of long-term debt and finance leases | (984,313) | (655,400) | (451,038) |
Payment of financing costs | (20,129) | (16,140) | (7,478) |
Swap termination | 0 | 0 | (2,095) |
Retirement of preferred stock | 0 | 0 | (1,684) |
Repurchase of common stock | (60,095) | 0 | 0 |
Dividends paid | (119,548) | (71,263) | (65,470) |
Initial redeemable non-controlling interest in subsidiary | 3,750 | 0 | 0 |
Net Cash provided by / (used in) Financing Activities | (166,051) | 482,594 | (241,862) |
Net increase / (decrease) in cash, cash equivalents and restricted cash | 458,030 | 161,632 | (3,975) |
Cash, cash equivalents and restricted cash at beginning of the year | 353,528 | 191,896 | 195,871 |
Cash, cash equivalents and restricted cash at end of the year | 811,558 | 353,528 | 191,896 |
Supplemental Cash Information: | |||
Cash paid during the year for interest, net of capitalized interest | 100,699 | 71,813 | 63,725 |
Non-Cash Investing and Financing Activities: | |||
Dividend reinvested in common stock of the Company | $ 30,231 | $ 12,655 | $ 13,783 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation and General Information | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | 1. The accompanying consolidated financial statements include the accounts of Costamare Inc. (“Costamare”) and its wholly-owned and majority-owned subsidiaries (collectively, the “Company”). Costamare is organized under the laws of the Republic of the Marshall Islands. On November 4, 2010, 1933, December 31, 2022, 3 July 6, 2016, 16 December 31, 2022, December 31, 2022, December 31, 2022, As of December 31, 2022, twenty December 31, 2021, June 14, 2021, 3 December 31, 2022, 15 may At December 31, 2022, December 31, 2022, As the international container shipping industry recovered from the COVID- 19 first 2022, June 2022, 75% Similarly, the economic environment of the dry bulk segment has improved during the year of 2021 first 2022 19 2022, fourth 2022 third 2022. The Russia-Ukraine conflict has also resulted in the imposition of sanctions that impact the international shipping industry. For example, our vessels may not may, The Company will continue to monitor the developments of the COVID- 19 |
Note 2 - Significant Accounting
Note 2 - Significant Accounting Policies and Recent Accounting Pronouncements | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. (a) Principles of Consolidation: Costamare, as the holding company, determines whether it has a controlling financial interest in an entity by first 810 50% 810 10, not not may may December 31, 2021 2022 no (b) Use of Estimates: (c) Comprehensive Income / (Loss): 220 two (d) Foreign Currency Translation: (e) Cash, Cash Equivalents and Restricted Cash: three may may Restricted cash consists of minimum cash deposits to be maintained at all times under certain of the Company’s loan agreements. Restricted cash also includes bank deposits and deposits in so-called “retention accounts” that are required under the Company’s borrowing arrangements which are used to fund the loan installments coming due. The funds can only be used for the purposes of loan repayment. A reconciliation of the cash, cash equivalents and restricted cash is presented in the table below: For the years ended December 31, 2020 2021 2022 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 143,922 $ 276,002 $ 718,049 Restricted cash – current portion 4,998 8,856 9,768 Restricted cash – non-current portion 42,976 68,670 83,741 Total cash, cash equivalents and restricted cash $ 191,896 $ 353,528 $ 811,558 (f) Accounts Receivable, net: 842 not 326. 842 not December 31, 2021 2022, nil (g) Inventories: first first (h) Insurance Claims Receivable: not 326 no (i) Vessels, Net: The cost of each of the Company’s vessels is depreciated from the date of acquisition on a straight-line basis over the vessel’s remaining estimated economic useful life, after considering the estimated residual value which is equal to the product of vessels’ lightweight tonnage and estimated scrap rate. Management estimates the useful life of the Company’s container and dry bulk vessels to be 30 and 25 years, respectively, from the date of initial delivery from the shipyard and the estimated scrap rate used to calculate the vessels’ salvage value is $0.300 per lightweight ton for both container and dry bulk vessels. Secondhand container and dry bulk vessels are depreciated from the date of their acquisition through their remaining estimated useful life. If the estimated economic lives assigned to the Company’s vessels prove to be too long because of unforeseen events such as an extended period of weak markets, the broad imposition of age restrictions by the Company’s customers’, new regulations, or other future events, the remaining estimated useful life of any affected vessel is adjusted accordingly. (j) Time Charters Assumed with the Acquisition of Second-hand Vessels not not (k) Impairment of Long-lived Assets: not As part of the identification of impairment indicators and Step 1 Container vessels: x ten five ten third ten $0.300 Dry bulk vessels: x ten one five ten one ten one $0.300 The assumptions used to develop estimates of future undiscounted net operating cash flows are based on historical trends as well as future expectations. If those future undiscounted net operating cash flows are greater than a vessel’s carrying value, there are no 2 2 In Step 2 1 third 2 1 2 The review of the carrying amounts in connection with the estimated recoverable amount of the Company’s vessels as of December 31, 2022 December 31, 2020 2021, nil, (l) Long-lived Assets Classified as Held for Sale: 360, one 360 10 35, not not December 31, 2022 2021, (m) Accounting for Special Survey and Dry-docking Costs: not (n) Financing Costs: third (o) Concentration of Credit Risk: not (p) Accounting for Revenues and Expenses: 842. third not not Revenues for 2020, 2021 2022 10% 2020 2021 2022 A 21 % 16 % 13 % B 20 % 20 % 18 % C 11 % 12 % 7 % D 29 % 12 % 8 % E 10 % 9 % 7 % Total 91 % 69 % 53 % (q) Derivative Financial Instruments: may zero The interest rate caps are accounted for as cash flow hedges when they are expected to be highly effective in hedging variable rate interest payments under certain term loans. Changes in the fair value of the interest rate caps are reported within accumulated other comprehensive income. The initial value of the component excluded from the assessment of effectiveness is recognized in earnings using a systematic and rational method over the life of the hedging instrument. Any amounts excluded from the assessment of hedge effectiveness are presented in the same income statement line being Interest and finance costs where the earnings effect of the hedged item is presented. The Company formally documents all relationships between hedging instruments and hedged items, as well as the risk-management objective and strategy for undertaking various hedge transactions. This process includes linking all derivatives that are designated as cash flow hedges to specific forecasted transactions or variability of cash flow. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flow of hedged items. The Company considers a hedge to be highly effective if the change in fair value of the derivative hedging instrument is within 80% to 125% of the opposite change in the fair value of the hedged item attributable to the hedged risk. When it is determined that a derivative is not 815 Also, the Company enters into FFAs to establish market positions in the dry bulk derivative freight markets and to hedge its exposure in the physical dry bulk freight markets and into bunker swap agreements to hedge its exposure to bunker prices. The differentials paid or received under these instruments are recognized in earnings as part of the gain /(loss) on derivative instruments. The Company has not Furthermore, the Company enters into forward exchange rate contracts to manage its exposure to currency exchange risk on certain foreign currency liabilities. The Company has not (r) Earnings per Share: three December 31, 2022. December 31, 2020 ( 17 (s) Fair Value Measurements: 820 1 3 820 not 20 22 (t) Segment Reporting: 1 2 3 may (u) Accounting for transactions under common control: may not not not not (v) Non-controlling interest: not one If the Company determines at the end of the reporting period that it is probable that an event would occur to otherwise require the redemption of a redeemable non-controlling interest (redeemable non-controlling interest is currently redeemable), then the Company adjusts the recorded amount to its maximum redemption amount at the reporting date. If the Company determines that it is not not not not no (w) Equity Method Investments: 323, not ( x 842 842 10 25 2. none 842 10 25 2 Furthermore, as a result of electing to apply the package of practical expedients, at January 1, 2019, 840 842 not 840. January 1, 2019, 840 not 842. January 1, 2019, 840, Finance leases are accounted for as the acquisition of a finance right-of-use asset and the incurrence of an obligation by the lessee. At the commencement date of the finance lease, a lessee initially measures the lease liability at the present value, using the discount rate determined on the commencement, of the lease payments to be made over the lease term. Subsequently, the lease liability is increased by the interest on the lease liability and decreased by the lease payments during the period. The interest on the lease liability is determined in each period during the lease term A lessee initially measures the finance right-of-use asset at cost which consists of the amount of the initial measurement of the lease liability; any lease payments made to the lessor at or before the commencement date, less any lease incentives received; and any initial direct costs incurred by the lessee. Subsequently, the finance right-of-use asset is measured at cost less any accumulated amortization and any accumulated impairment losses, taking into consideration the reassessment requirements. A lessee shall amortize the finance right-of-use asset on a straight-line basis (unless another systematic basis better represents the pattern in which the lessee expects to consume the right-of-use asset’s future economic benefits) from the commencement date For sale and leaseback transactions, if the transfer is not 842 40 25 1 25 3, not 360. (y) Investments in Equity and Debt Securities: ASC 825 820 may Held-to-maturity debt securities are initially recognized at cost and subsequently are measured at amortized cost, less expected credit losses. The amortized cost is adjusted for amortization of premiums and accretion of discounts to maturity. Management evaluates debt securities held-to-maturity for expected credit losses at each reporting date. The Company assessed the provisions of “ASC 326 5 December 31, 2021, no (z) Stock Based Compensation: 3 16 505 50 (aa) Going concern: 205 40. one not (ab) Treasury stock: may not not not not (ac) Short-term investments: three (ad) Long lived Assets- Financing Arrangements: 606 not New Accounting Pronouncements In March 2020, 2020 04, 848 2020 04 January 2021, 2021 01, 848 848 848 848. 2020 04 2021 10 March 12, 2020 December 31, 2022. In December 2022, No. 2022 06, 848 848 848 December 31, 2022 December 31, 2024. December 21, 2022 December 31, 2024. December 31, 2022, not |
Note 3 - Transactions With Rela
Note 3 - Transactions With Related Parties | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | 3. (a) Costamare Shipping Company S.A. ( Costamare Shipping ) and Costamare Shipping Services Ltd. ( Costamare Services ): November 2, 2015, January 17, 2020 June 28, 2021 November 2, 2015 June 28, 2021 ( not On November 27, 2015, may Pursuant to the Framework Agreement and the Services Agreement, Costamare Shipping and Costamare Services received (i) for each vessel a daily fee of $1.020 and $0.510 for any vessel subject to a bareboat charter, effective from January 1, 2022 ( three January 1, 2022 ( January 1, 2022; may The Company is able to terminate the Framework Agreement and/or the Services Agreement, subject to a termination fee, by providing written notice to Costamare Shipping or Costamare Services, as applicable, at least 12 one December 31, 2025, 12 two 12 In 2013, third two third April 1, 2019, October 16, 2020, third December 31, 2022, 62 14 Management fees charged by Costamare Shipping in the years ended December 31, 2020, 2021 2022, December 31, 2022 ( December 31, 2021 2020, December 31, 2022 ( December 31, 2021 2020 December 31, 2022 ( December 31, 2021 2020, third third December 31, 2021, 2021 December 31, 2022, 2022 During the years ended December 31, 2020, 2021 2022, 9 10 December 31, 2022 December 31, 2021 December 31, 2021 2022, (b) Shanghai Costamare Ship Management Co., Ltd. Shanghai Costamare ): not October 16, 2020, 16 15 December 31, 2020. January 8, 2021, December 31, 2021 2022. (c) Blue Net Chartering GmbH & Co. KG ( BNC ) and Blue Net Asia Pte., Ltd. ( BNA ): January 1, 2018, € 9,413 December 31, 2021 2022, January 1, 2018, € 1,281 December 31, 2021 2022 March 29, 2021, four December 31, 2020, 2021 2022, 31 August 2021), one March 31, 2020, five five December 31, 2020, 2021 2022, (d) Longshaw Maritime Investments S.A. ( Longshaw ): June 14, 2021, September 9, 2021, 16 December 31, 2021, Builder Pegasus Adventure Eracle Peace Sauvan Pride Alliance Manzanillo Acuity Seabird Aeolian Comity Athena Farmer Greneta $86 (e) LC LAW Stylianou & Associates LLC ( LCLAW ): 11.C two December 31, 2022, December 31, 2021, December 31, 2021 ( December 31, 2020) 11.D December 31, 2021 December 31, 2022. (f) Other related parties' transactions: November 3, 2010, July 2021, (g) Local Agencies: 15 November 14, 2022, three December 31, 2022, 2022 December 31, 2022 2022 December 31, 2022 2022 |
Note 4 - Segmental Financial In
Note 4 - Segmental Financial Information | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 4. The Company has three 1 2 3 may The tables below present information about the Company’s reportable segments as of December 31, 2021 December 31, 2022, December 31, 2021 2022. not December 31, 2021 December 31, 2022 December 31, 2021 2022, For the year ended December 31, 2022 Container vessels segment Dry bulk vessels segment CBI Other Eliminations Total Voyage revenue $ 797,392 $ 316,100 $ 367 $ - $ - $ 1,113,859 Intersegment voyage revenue - 800 - - (800 ) - Voyage expenses (11,323 ) (37,602 ) (144 ) - - (49,069 ) Intersegment voyage expenses - - (800 ) - 800 - Vessels’ operating expenses (169,426 ) (99,805 ) - - - (269,231 ) Depreciation (126,340 ) (39,658 ) - - - (165,998 ) Amortization of dry-docking and special survey costs (11,831 ) (1,655 ) - - - (13,486 ) Vessels’ Impairment loss - (1,691 ) - - - (1,691 ) Gain on sale of vessels, net 122,884 3,452 - - - 126,336 Interest income 3,666 2,290 - - - 5,956 Interest and finance costs (101,888 ) (20,333 ) (12 ) - - (122,233 ) Income from equity method investments - - - 2,296 - 2,296 Net Income/ (Loss) for the Year $ 458,494 $ 97,405 $ (3,503 ) $ 2,296 $ - $ 554,692 For the year ended December 31, 2021 Container vessels segment Dry bulk vessels segment Other Total Voyage revenue $ 678,292 $ 115,347 $ - $ 793,639 Vessels’ operating expenses (151,452 ) (28,529 ) - (179,981 ) Depreciation (125,811 ) (11,147 ) - (136,958 ) Amortization of dry-docking and special survey costs (10,346 ) (87 ) - (10,433 ) Gain on sale of vessels, net 45,894 - - 45,894 Interest income 1,587 - - 1,587 Interest and finance costs (81,887 ) (4,160 ) - (86,047 ) Income from equity method investments - - 12,859 12,859 Net Income for the Year $ 303,490 $ 56,814 $ 74,817 $ 435,121 As of December 31, 2022 Container vessels segment Dry bulk vessels segment CBI Other Eliminations Total Total Assets $ 3,272,559 $ 771,027 $ 101,807 $ 751,838 $ (1,002 ) $ 4,896,229 As of December 31, 2021 Container vessels segment Dry bulk vessels segment Other Total Total Assets $ 3,672,212 $ 714,957 $ 19,872 $ 4,407,041 |
Note 5 - Current Assets Investm
Note 5 - Current Assets Investments in Equity Securities / Noncurrent Assets: Debt Securities, Held to Maturity, and Other Non-current Assets | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Other Assets Disclosure [Text Block] | 5. In 2014, 2023 1 2023 2 2023 5% 1 2 2014. The Company accounted on a quarterly basis, for the unwinding of the interest on the Series 1 2 December 31, 2021, 2021 no December 31, 2016, 1 March 22, 2021, 1 June 2021, 1 2 December 31, 2020, 326 1 2 2021 1 2 not 326 1 2 March 31, 2021 2021 June 2021. On January 28, 2021, 1933, not 1 September 2021, 2021 December 31, 2021, December 31, 2021, not As of December 31, 2022, five zero three |
Note 6 - Inventories
Note 6 - Inventories | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Inventory Disclosure [Text Block] | 6. Inventories in the accompanying consolidated balance sheets relate to bunkers, lubricants and spare parts on board the vessels. |
Note 7 - Vessels and Advances,
Note 7 - Vessels and Advances, Net | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Vessels and advances, net [Text block] | 7. The amounts in the accompanying consolidated balance sheets are as follows: Vessel Cost Accumulated Depreciation Net Book Value Balance, January 1, 2021 $ 3,525,967 $ (1,075,457 ) $ 2,450,510 Depreciation - (129,406 ) (129,406 ) Vessel acquisitions, advances and other vessels’ costs 1,467,937 - 1,467,937 Vessel sales, transfers and other movements (306,008 ) 167,159 (138,849 ) Balance, December 31, 2021 $ 4,687,896 $ (1,037,704 ) $ 3,650,192 Depreciation - (162,651 ) (162,651 ) Vessel acquisitions, advances and other vessels’ costs 249,023 - 249,023 Vessel sales, transfers and other movements (140,817 ) 71,114 (69,703 ) Balance, December 31, 2022 $ 4,796,102 $ (1,129,241 ) $ 3,666,861 During the year ended December 31, 2022, Dyros three Oracle Libra Norma December 31, 2022, 12 2013 MSC Athens MSC Athos 2014 Leonidio Kyparissia December 31, 2022, 11.B.2 2016 Triton During the year ended December 31, 2021, Aries Argus Glen Canyon Androusa Norfolk Porto Cheli Porto Kagio Porto G Gialova YM Target YM Tiptop 3 Builder Pegasus Adventure Eracle Peace Sauvan Pride Alliance Manzanillo Acuity Seabird Aeolian Comity Athena, Farmer Greneta, December 31, 2021, Bernis Verity Dawn Discovery Clara Serena Merida Progress Miner Parity Uruguay Resource Konstantinos Taibo, Thunder Equity Cetus Curacao Rose Bermondi Titan I Orion Merchia Damon Pythias Hydrus Phoenix During the year ended December 31, 2021, 9 10 Cape Akritas Cape Tainaro Cape Artemisio Cape Kortia Cape Sounio 11 five 10 13 805 During the year ended December 31, 2021, 2008 Dyros first 2022 two Oracle Libra first 2022. During the year ended December 31, 2021, December 31, 2022, During the year ended December 31, 2020, 2009 Virgo 2007 Scorpius 2011 Neokastro YM Triumph YM Truth YM Totality three 10 On February 14, 2022, Sealand Washington Maersk Kalamata March 30, 2022, Thunder 360 10 45 9, December 31, 2022, December 31, 2022 Sealand Washington Maersk Kalamata 2 first 2023 23 On December 9, 2021, Sealand Illinois Sealand Michigan York Messini 360 10 45 9, December 31, 2021, 2021 2 During the year ended December 31, 2022, Thunder March 30, 2022 Messini Sealand Michigan Sealand Illinois York December 9, 2021 December 31, 2022. During the year ended December 31, 2021, Halifax Express December 31, 2020, ( Prosper Venetiko March 31, 2021, ( Zim Shanghai Zim New York June 30, 2021, 2021 During the year ended December 31, 2022, four four 2 21 During the year ended December 31, 2020, five five 2 21 As of December 31, 2022, 11. YM Triumph YM Truth YM Totality YM Target YM Tiptop 2018 11.B |
Note 8 - Deferred Charges, Net
Note 8 - Deferred Charges, Net | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Deferred Charges [Text Block] | 8. Deferred charges, net include the unamortized dry-docking and special survey costs. The amounts in the accompanying consolidated balance sheets are as follows: Balance, January 1, 2021 $ 27,682 Additions 18,882 Amortization (10,433 ) Write-off and other movements (Note 7) (4,272 ) Balance, December 31, 2021 $ 31,859 Additions 38,330 Amortization (13,486 ) Write-off and other movements (Note 7) (1,668 ) Balance, December 31, 2022 $ 55,035 During the year ended December 31, 2022, December 31, 2020 2021, nil |
Note 9 - Costamare Ventures Inc
Note 9 - Costamare Ventures Inc. | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Costamare Ventures Inc. [Text Block] | 9. On May 18, 2015, June 12, 2018 ( not May 15, 2020 May 15, 2024, On termination and on the occurrence of certain extraordinary events, Costamare Ventures may As at December 31, 2022, 10 |
Note 10 - Equity Method Investm
Note 10 - Equity Method Investments | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Equity Method Investments and Joint Ventures Disclosure [Text Block] | 10. The companies accounted for as equity method investments, all of which are incorporated in the Marshall Islands, are as follows: Entity Vessel Participation % December 31, 2022 Date Established /Acquired Steadman Maritime Co. - 49% July 1, 2013 Marchant Maritime Co. (*) - - - Horton Maritime Co. (*) - - - Smales Maritime Co. (**) - - - Geyer Maritime Co. Arkadia 49% May 18, 2015 Goodway Maritime Co. Monemvasia 49% September 22, 2015 Platt Maritime Co. Polar Argentina 49% May 18, 2015 Sykes Maritime Co. Polar Brasil 49% May 18, 2015 (*) June 24, 2021 (**) August 16, 2022 During the year ended December 31, 2022, During the year ended December 31, 2021, Ensenada March 22, 2021, March 24, 2021 March 29, 2021, three five 805 13 For the years ended December 31, 2020, 2021 2022, The summarized combined financial information of the companies accounted for as equity method investment is as follows: December 31, 2021 December 31, 2022 Current assets $ 12,468 $ 11,697 Non-current assets 92,770 91,471 Total assets $ 105,238 $ 103,168 Current liabilities $ 6,576 $ 7,472 Non-current liabilities 58,110 52,760 Total liabilities $ 64,686 $ 60,232 For the years ended December 31, 2020 2021 2022 Voyage revenue $ 96,533 $ 43,088 $ 23,789 Net income $ 39,433 $ 27,617 $ 4,686 |
Note 11 - Long-term Debt
Note 11 - Long-term Debt | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Long-Term Debt [Text Block] | 11. The amounts shown in the accompanying consolidated balance sheets consist of the following: Borrower(s) December 31, 2021 December 31, 2022 A. Term Loans: 1. Nerida Shipping Co. 9,975 - 2. Singleton Shipping Co. and Tatum Shipping Co. 37,600 34,400 3. Reddick Shipping Co. and Verandi Shipping Co. - - 4. Costamare. Inc. 30,188 - 5. Bastian Shipping Co. and Cadence Shipping Co. 98,000 82,800 6. Adele Shipping Co. 54,500 48,500 7. Costamare Inc. 123,990 112,430 8. Quentin Shipping Co. and Sander Shipping Co. 72,898 - 9. Costamare Inc. 24,554 - 10. Capetanissa Maritime Corporation et al. 56,500 15,671 11. Caravokyra Maritime Corporation et al. 54,400 6,928 12. Achilleas Maritime Corporation et al. - - 13. Kelsen Shipping Co. 4,050 - 14. Uriza Shipping S.A. 17,400 - 15. Berg Shipping Co. 11,660 10,540 16. Reddick Shipping Co. and Verandi Shipping Co. 14,900 - 17. Evantone Shipping Co. and Fortrose Shipping Co. 20,750 17,750 18. Ainsley Maritime Co. and Ambrose Maritime Co. 141,964 131,250 19. Hyde Maritime Co. and Skerrett Maritime Co. 138,519 127,212 20. Kemp Maritime Co. 70,350 64,300 21. Vernes Shipping Co. 12,650 - 22. Achilleas Maritime Corporation et al. 125,360 66,974 23. Novara et al. 63,833 65,043 24. Costamare Inc. 59,952 49,095 25. Costamare Inc. 80,228 - 26. Costamare Inc. - - 27. Costamare Inc. 79,348 24,387 28. Amoroto et al. 103,423 67,882 29. Costamare Inc. - - 30. Dattier Marine Corp et al. 43,480 - 31. Bernis Marine Corp. et al. - 47,884 32. Costamare Inc. - 52,361 33. Costamare Inc. - 62,500 34. Adstone Marine Corp. et al. - - 35. Amoroto et al. - 33,700 36. Benedict et al. - 458,952 37. Reddick Shipping Co. and Verandi Shipping Co. - 43,500 38. Quentin Shipping Co. and Sander Shipping Co. - 85,000 39. Greneta Marine Corp. et al. - 30,000 40. Bastian Shipping Co. et al. - - 41. Adstone Marine Corp. et al. - 82,885 Total Term Loans $ 1,550,472 $ 1,821,944 B. Other financing arrangements 803,589 678,930 C. Unsecured Bond Loan 113,260 106,660 Total long-term debt $ 2,467,321 $ 2,607,534 Less: Deferred financing costs (25,238 ) (22,913 ) Total long-term debt, net 2,442,083 2,584,621 Less: Long-term debt current portion (278,326 ) (325,611 ) Add: Deferred financing costs, current portion 5,961 5,497 Total long-term debt, non-current, net $ 2,169,718 $ 2,264,507 A. Term Loans: 1. August 1, 2017, Maersk Kowloon August 3, 2017 July 1, 2022, 2. July 17, 2018, Megalopolis Marathopolis two July 20, 2018 August 2, 2018. December 31, 2022, 11 January 2023 June 2025 December 31, 2022, 11 February 2023 July 2025 3. October 26, 2018, Maersk Kleven Maersk Kotka two October 30, 2018. March 24, 2021, 4. November 27, 2018, two November 30, 2018 December 11, 2018. December 31, 2019 MSC Pylos Sierra II Reunion Namibia II November 11, 2020, Scorpius June 23, 2022, 11.A.36, September 14, 2022, 5. June 18, 2019, MSC Ajaccio MSC Amalfi 12 two two June 24, 2019. December 31, 2022, two 18 March 2023 June 2027 6. June 24, 2019, MSC Azov 12 July 12, 2019. December 31, 2022, 15 January 2023 June 2026 7. June 28, 2019, two Value Valence Vantage three July 15, 2019. December 31, 2022, 11 January 2023 July 2025 8. July 18, 2019, one Valor Valiant two July 24, 2019. November 14, 2022, 11.A.38, 9. February 13, 2020, Vulpecula Volans Virgo Vela February 18, 2020, four January 31, 2022, 11.A.33 10. April 24, 2020, two May 6, 2020. March 8, 2022, Messini 7 June 28, 2022, 11.A.36, October 13, 2022, York 7 December 7, 2022, Sealand Washington 23 December 31, 2022, 10 February 2023 May 2025 11. May 29, 2020, one June 4, 2020. June 21, 2022, 11.A.36, December 5, 2022, Maersk Kalamata 23 December 31, 2022, 10 March 2023 June 2025 12. June 11, 2020, one June 17, 2020. September 10, 2020 September 16, 2020, Zagora Singapore Express January 29, 2021 May 21, 2021, Halifax Express Prosper 7 June 4, 2021, 13. December 15, 2020, one December 17, 2020. December 19, 2022, 14. November 10, 2020, one November 12, 2020. June 29, 2022, 11.A.36, 15. January 27, 2021, Neokastro January 29, 2021. December 31, 2022, 13 January 2023 January 2026 16. March 16, 2021, one two March 23, 2021. September 30, 2022, 11.A.37, 17. March 18, 2021, March 23, 2021. December 31, 2022, 13 March 2023 March 2026 18. March 19, 2021, two 7 two March 24, 2021. December 31, 2022, 33 March 2023 March 2031 19. March 24, 2021, two 7 two March 26, 2021. December 20, 2022, March 2029. December 31, 2022, 25 March 2023 March 2029 December 31, 2022, 25 March 2023 March 2029 20. March 29, 2021, one 7 March 30, 2021. December 31, 2022, 25 March 2023 March 2029 21. March 29, 2021, Glen Canyon 7 March 31, 2021. June 21, 2022, 11.A.36, 22. June 1, 2021, one Porto Cheli Porto Kagio Porto Germeno 7 four June 4, 2021, June 7, 2021, June 24, 2021, August 12, 2021, Venetiko 7 October 12, 2021 October 25, 2021, ZIM Shanghai ZIM New York 7 October 7, 2022, Sealand Illinois 7 December 31, 2022, 14 March 2023 June 2026 December 31, 2022, 14 March 2023 June 2026 December 31, 2022, 14 March 2023 June 2026 February 1, 2022, 11.A.33 23. June 7, 2021, Androusa Norfolk Gialova Dyros 7 first two June 10, 2021, third $22,500 August 25, 2021, fourth January 18, 2022. December 31, 2022, first two 10 March 2023 June 2025 December 31, 2022, third 11 February 2023 August 2025 December 31, 2022, fourth 13 January 2023 January 2026 24. July 8, 2021, $62,500, Pegasus Eracle Peace Sauvan Pride Acuity Comity Athena 7 July 2021, August 2021 $5,963.8 October 2021, eight December 31, 2022, January 2023 October 2026 25. July 9, 2021, Builder Adventure Manzanillo Alliance Seabird Aeolian Farmer Greneta 7 July 2021 first five one August 2021 Aeolian, one October 2021 Farmer one December 2021 Greneta November 21, 2022, 11.A.39, Greneta December 20, 2022, 11.A.41, 26. July 12, 2021, July 15, 2021. November 1, 2021, 27. July 16, 2021, Bernis Verity Dawn Discovery Clara Serena Parity Taibo Thunder Curacao Equity Rose 7 July 2021, first three three August 2021, three three September 2021, three three October November 2021, three December 21, 2021, Clara Rose Thunder Equity 11.A.30 January 7, 2022, Bernis Verity Dawn Discovery Parity 11.A.31 . December 31, 2022, January 2023 October 2026 28. July 27, 2021, Progress Merida Miner Uruguay Resource Konstantinos Cetus Titan I Bermondi Orion Merchia Damon 7 August 2021 first two four September 2021 four one October 2021 Cetus three November 2021 three one December 2021 one January 2022 April 29, 2022, 11.A.35 December 31, 2022, January 2023 January 2027 29. September 10, 2021, April 19, 2022, 30. December 10, 2021, Equity Thunder Rose Clara 11.A.27. December 20, 2021. May 11, 2022, Thunder 7 November 21, 2022, 11.A.39, Clara Rose December 20, 2022, 11.A.41, 31. December 24, 2021, Bernis Verity Dawn Discovery Parity 11.A.27. January 5, 2022, 11.A.27. December 31, 2022, 17 January 2023 January 2027 32. December 28, 2021, Pythias Hydrus Phoenix Oracle Libra 7 January 2022, December 31, 2022, January 2023 January 2028 33. January 26, 2022, 11.A.9, 11.A.22 January 31, 2022, December 31, 2022, 13 January 2023 January 2026 34. April 5, 2022, Norma Magda 7 April 11, 2022, December 20, 2022, 11.A.41, 35. April 21, 2022, Merida Bermondi Titan I Uruguay 11.A.28 April 28, 2022, December 31, 2022, 14 January 2023 April 2026 36. May 12, 2022, 11.A.4, 11.A.10, 11.A.11, 11.A.14 11.A.21, one 11.B.2, four 12 June 2022, December 31, 2022, 18 March 2023 June 2027 37. September 29, 2022, 11.A.16. September 30, 2022, December 31, 2022, 15 March 2023 September 2026. 38. November 11, 2022, 11.A.8. November 14, 2022, two December 31, 2022, 32 February 2023 November 2030 39. November 17, 2022, 11.A.25 11.A.30. November 22, 2022, December 31, 2022, 24 February 2023 November 2028 40. December 14, 2022, 11.A.2, 11.A.5, 11.A.6, 11.A.7 11.A.17 No December 31, 2022 ( 23 41. December 15, 2022, 11.A.25 11.A.30. December 20, 2022, December 31, 2022, January 2023 December 2028 The term loans discussed above bear interest at LIBOR (applicable to all loans discussed above except the loans discussed in Notes 11.A.35, 11.A.36, 11.A.37, 11.A.38, 11.A.39, 11.A.40 11.A.41 11.A.19 11.A.35, 11.A.37, 11.A.38, 11.A.39 11.A.41 11.A.36 11.A.40 first first may may B. Other Financing Arrangements 1. August 2018, five five five 7 606, not December 31, 2021 2021 121 December 31, 2022 five 7 January 2023 May 2031 December 31, 2022, December 31, 2021 December 31, 2020) 2022 2. November 12, 2018, five 18 606 840 480 835 30 May 12, 2020, June 17, 2022, 11.A.36, Triton 7 December 31, 2022, four February 2023 October 2028 four December 31, 2022, December 31, 2021 December 31, 2020), As of December 31, 2022, 1 2 C. Unsecured Bond Loan ( Bond Loan ) In May 2021, €100 May 2026 May 25, 2021. May 26, 2021. The Bond Loan can be called in part (pro-rata) or in full by the Issuer on any coupon payment date, after the second 6 5th 6th 7th 8th 9th one €10 not €50 As of December 31, 2022, December 31, 2022, December 31, 2021) The annual repayments under the Term Loans, Other Financing Arrangements and Bond loan after December 31, 2022 Year ending December 31, Amount 2023 $ 325,611 2024 306,246 2025 443,699 2026 486,077 2027 343,568 2028 and thereafter 702,333 Total $ 2,607,534 The interest rate of Costamare’s Term Loans and Other Financing Arrangements (inclusive of fixed rate Term Loans and the related cost of derivatives) as at December 31, 2020, 2021 2022, ,1.82% December 31, 2020, 2021 2022, Total interest expense incurred on long-term debt including the effect of the hedging interest rate swaps (discussed in Notes 18 20 December 31, 2020, 2021 2022, December 31, 2020, 2021 2022, 2020, 2021 D. Financing Costs The amounts of financing costs included in the loan balances and finance lease liabilities (Note 12 Balance, January 1, 2021 $ 14,080 Additions 18,034 Amortization and write-off (6,704 ) Transfers and other movements 306 Balance, December 31, 2021 $ 25,716 Additions 7,347 Amortization and write-off (10,255 ) Transfers and other movements 105 Balance, December 31, 2022 $ 22,913 Less: Current portion of financing costs (5,497 ) Financing costs, non-current portion $ 17,416 Financing costs represent legal fees and fees paid to the lenders for the conclusion of the Company’s financing. The amortization and write-off of loan financing costs is included in Interest and finance costs in the accompanying consolidated statements of operations (Note 18 |
Note 12 - Right-of-Use Assets a
Note 12 - Right-of-Use Assets and Finance Lease Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Lessee, Finance Leases [Text Block] | 12. Between January April 2014, MSC Azov MSC Ajaccio MSC Amalfi ten June 18, 2019, MSC Ajaccio MSC Amalfi 11.A.5 July 12, 2019 July 15, 2019, two two On June 24, 2019, MSC Azov 11.A.6 July 12, 2019, July 18, 2019 On July 6, 2016 July 15, 2016, MSC Athos MSC Athens seven May 2019, MSC Athens MSC Athos September 2020, two 2026. May 12, 2022, MSC Athens MSC Athos 11.A.36 June 8, 2022, two 7 two On June 19, 2017, two seven Leonidio Kyparissia May 12, 2022, Leonidio Kyparissia 11.A.36 June 15, 2022, two 7 two The total value of the vessels, at the inception of the finance lease transactions, was $452,564, in the aggregate. The depreciation charged during the years ended December 31, 2020, 2021 2022, December 31, 2021, 2022, nil, December 31, 2021, 2022, nil, Total interest expenses incurred on finance leases, for the years ended December 31, 2020, 2021 2022, The total finance lease liabilities, net of related financing costs, are presented in the accompanying December 31, 2021 2022 December 31, 2021 December 31, 2022 Finance lease liabilities – current $ 16,858 $ - Less: current portion of financing costs (182 ) - Finance lease liabilities – non-current 99,985 - Less: non-current portion of financing costs (296 ) - Total $ 116,365 $ - |
Note 13 - Accrued Charter Reven
Note 13 - Accrued Charter Revenue, Current and Non-current, Unearned Revenue, Current and Non-current and Time Charter Assumed, Current and Non-current | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Accrued Charter Revenue, Current and Non-Current and Unearned Revenue, Current and Non-Current [Text Block] | 13. (a) Accrued Charter Revenue, Current and Non-Current: December 31, 2021 2022, not As at December 31, 2021, 2021 December 31, 2022, 2022 December 31 Year ending December 31, Amount 2023 $ 2,564 2024 (5,887 ) 2025 (12,649 ) 2026 (4,377 ) Total $ (20,349 ) (b) Unearned Revenue, Current and Non-Current: December 31, 2021 2022, not December 31, 2022, nil, nil December 31, 2021 2020, December 31, 2021 December 31, 2022 Hires collected in advance $ 19,173 $ 16,906 Charter revenue resulting from varying charter rates 38,524 42,861 Total $ 57,697 $ 59,767 Less current portion (23,830 ) (25,227 ) Non-current portion $ 33,867 $ 34,540 (c) Time Charter Assumed, Current and Non-Current: November 12, 2018, not Triton Titan Talos Taurus Theseus March 29, 2021, not Cape Artemisio 10 December 31, 2021 2022, December 31, 2020, 2021 2022, |
Note 14 - Commitments and Conti
Note 14 - Commitments and Contingencies | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 14. a) Time charters: December 31, 2022, Year ending December 31, Amount 2023 $ 832,687 2024 757,998 2025 651,507 2026 374,428 2027 223,638 2028 and thereafter 504,571 Total $ 3,344,829 The above calculation includes the time charter arrangements of the Company’s vessels in operation as at December 31, 2022, 7 December 31, 2022) not December 31, 2022. December 31, 2022, (b) Capital Commitments: no December 31, 2022. (c) Debt guarantees with respect to entities formed under the Framework Deed: December 31, 2022 7, not (d) Other: may not not not The Company accrues for the cost of environmental liabilities when management becomes aware that a liability is probable and is able to reasonably estimate the probable exposure. Currently, management is not not The Company is covered for liabilities associated with the vessels’ operations up to the customary limits provided by the Protection and Indemnity (“P&I”) Clubs, members of the International Group of P&I Clubs. A subsidiary of the Company and Costamare Shipping are defendants and third October 2021 one There are certain other claims outstanding, including a claim by certain insurers that provided liability insurance coverage to Amplify that was triggered by the discharge of oil from Amplify’s pipeline. The Company is defending against the allegations of the remaining claimants. The Company believes that adequate insurance is in place to cover any liability, if any should arise, from the remaining claims that have been asserted (Note 23 |
Note 15 - Non-controlling Inter
Note 15 - Non-controlling Interest | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Noncontrolling Interest Disclosure [Text Block] | 15. The Company through its wholly owned subsidiary Costamare Bulkers Holdings Limited (“CBHL”), has participated with three three November 14, 2022, 3 November 22, 2025. first not third no third Based upon the Company’s evaluation of the redemption provisions concerning redeemable noncontrolling interests as of December 31, 2022, not not not not not none not December 31, 2022, Temporary equity Redeemable non-controlling interest in subsidiary Amount Balance, January 1, 2022 $ - Initial redeemable non-controlling interest in subsidiary 3,750 Net loss attributable to non-controlling interest (263 ) Balance, December 31, 2022 $ 3,487 |
Note 16 - Common Stock and Addi
Note 16 - Common Stock and Additional Paid-in Capital | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 16. (a) Common Stock: December 31, 2021 2022, 3 December 31, 2022. On July 6, 2016, not December 31, 2021, December 31, 2022, On November 30, 2021, December 31, 2021, December 31, 2022, As of December 31, 2022, December 31, 2022 (b) Preferred Stock: December 31, 2020, 17 (c) Additional Paid-in Capital: November 2010 March 2012, October 2012, August 2013, January 2014, May 2015, December 2016, May 2017 January 2018 December 31, 2020 2022, 3 3 (d) Dividends declared and / or paid December 31, 2021, fourth 2020 first 2021 second third 2021, second 2021 third 2021. December 31, 2022, fourth 2021, first 2022 second third 2022, second 2022 third 2022. During the year ended December 31, 2021, October 15, 2020 January 14, 2021, ( January 15, 2021 April 14, 2021, ( April 15, 2021 July 14, 2021 July 15, 2021 October 14, 2021. December 31, 2022, October 15, 2021 January 14, 2022, ( January 15, 2022 April 14, 2022, ( April 15, 2022 July 14, 2022 July 15, 2022 October 14, 2022. During the year ended December 31, 2021, October 15, 2020 January 14, 2021, ( January 15, 2021 April 14, 2021, ( April 15, 2021 July 14, 2021 July 15, 2021 October 14, 2021. December 31, 2022, October 15, 2021 January 14, 2022, ( January 15, 2022 April 14, 2022, ( April 15, 2022 July 14, 2022 July 15, 2022 October 14, 2022. During the year ended December 31, 2021, October 15, 2020 January 14, 2021, ( January 15, 2021 April 14, 2021, ( April 15, 2021 July 14, 2021 July 15, 2021 October 14, 2021. December 31, 2022, October 15, 2021 January 14, 2022, ( January 15, 2022 April 14, 2022, ( April 15, 2022 July 14, 2022 July 15, 2022 October 14, 2022. During the year ended December 31, 2021, October 15, 2020 January 14, 2021, ( January 15, 2021 April 14, 2021, ( April 15, 2021 July 14, 2021 July 15, 2021 October 14, 2021. December 31, 2022, October 15, 2021 January 14, 2022, ( January 15, 2022 April 14, 2022, ( April 15, 2022 July 14, 2022 July 15, 2022 October 14, 2022. |
Note 17 - Earnings Per Share
Note 17 - Earnings Per Share | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 17. All common shares issued are Costamare common stock and have equal rights to vote and participate in dividends. Profit or loss attributable to common equity holders is adjusted by the contractual amount of dividends on Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock that should be paid for the period. Dividends paid or accrued on Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock during the years ended December 31, 2020, 2021 2022, For the year ended December 31, 2020 2021 2022 Basic LPS Basic EPS Basic EPS Net income $ 8,877 $ 435,121 $ 554,692 Less: Net loss attributable to the non-controlling interest - - 263 Net income attributable to Costamare Inc. 8,877 435,121 554,955 Less: paid and accrued earnings allocated to Preferred Stock (31,082 ) (31,068 ) (31,068 ) Add: gain from retirement of Preferred Stock 619 - - Net income / (loss) available to common stockholders (21,586 ) 404,053 523,887 Weighted average number of common shares, basic and diluted 120,696,130 123,070,730 122,964,358 Earnings / (losses) per common share, basic and diluted $ (0.18 ) $ 3.28 $ 4.26 |
Note 18 - Interest and Finance
Note 18 - Interest and Finance Costs | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Interest Finance Costs [Text Block] | 18. The Interest and finance costs in the accompanying consolidated statements of operations are as follows: For the year ended December 31, 2020 2021 2022 Interest expense $ 66,526 $ 72,261 $ 107,205 Interest capitalized (3,274 ) (465 ) - Derivatives’ effect 1,323 6,417 (483 ) Amortization and write-off of financing costs 3,645 6,520 10,255 Amortization of excluded component related to cash flow hedges - - 1,286 Bank charges and other financing costs 482 1,314 3,970 Total $ 68,702 $ 86,047 $ 122,233 |
Note 19 - Taxes
Note 19 - Taxes | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 19. Under the laws of the countries of incorporation for the vessel-owning companies and/or of the countries of registration of the vessels, the companies are not The vessel-owning companies with vessels that have called on the United States during the relevant year of operation are obliged to file tax returns with the Internal Revenue Service. The applicable tax is 50% of 4% of U.S.-related gross transportation income unless an exemption applies. Management believes that, based on current legislation the relevant vessel-owning companies are entitled to an exemption under Section 883 1986, |
Note 20 - Derivatives
Note 20 - Derivatives | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | 20. (a) Interest rate and Cross-currency swaps and interest rate caps that meet the criteria for hedge accounting: The interest rate swaps are designed to hedge the variability of interest cash flows arising from floating rate debt, attributable to movements in three six 815, 2017 12, not During the year ended December 31, 2022, 11.A.24, three 1.50%. 11.A.6, 11.A.22, 11.A.27, 11.A.28, 11.A.31, 11.A.32 11.A.36, three 3.00%. 11.A.6, 11.A.22, 11.A.24, 11.A.27, 11.A.28, 11.A.31, 11.A.32 11.A.36. July 2024 January 2028. December 31, 2022 December 31, 2022 During the year ended December 31, 2022, two 815. During the year ended December 31, 2021, three 815. December 31, 2021, two 11 two As of December 31, 2022, two Effective date Termination date Notional amount (Non-amortizing) on effective date in Euro Notional amount (Non-amortizing) on effective date in USD Fixed rate (Costamare receives in Euro) Fixed rate (Costamare pays in USD) Fair value December 31, 2022 (in USD) 21/5/2021 21/11/2025 € 50,000 $ 61,175 2.70 % 4.10 % $ (7,906 ) 25/5/2021 21/11/2025 € 50,000 $ 61,200 2.70 % 4.05 % $ (7,992 ) Total fair value $ (15,898 ) At December 31, 2021 2022, December 31, 2021 2022 July 2024 March 2031. The estimated net amount that is expected to be reclassified within the next 12 (b) Interest rate swaps/ interest rate caps/ cross currency swaps that do not December 31, 2022, not not (c) Foreign currency agreements: December 31, 2022, December 2025. As of December 31, 2022, December 2023. As of December 31, 2021, June 2022. The total change of forward contracts fair value for the year ended December 31, 2022, December 31, 2020 December 31, 2021) December 31, 2021 December 31, 2022, (d) Forward Freight Agreements ( FFAs ) and Bunker swap agreements: December 31, 2022, none December 31, 2022 The Effect of Derivative Instruments for the years ended December 31, 2020, 2021 and 2022 Derivatives in ASC 815 Cash Flow Hedging Relationships Amount of Gain / (Loss) Recognized in Accumulated OCI on Derivative 2020 2021 2022 Interest rate swaps and cross-currency swaps $ (8,129 ) $ (754 ) $ 36,591 Interest rate caps (included component) - - 4,495 Interest rate caps (excluded component) (1) - - 6,700 Reclassification to Interest and finance costs 1,323 6,417 (483 ) Reclassification of amount excluded from the interest rate caps assessment of hedge effectiveness based on an amortization approach to Interest and finance costs - - 1,286 Amounts reclassified from Net settlements on interest rate swaps qualifying for hedge accounting to Depreciation 63 63 63 Total $ (6,743 ) $ 5,726 $ 48,652 ( 1 Derivatives Not Designated as Hedging Instruments under ASC 815 Location of Gain / (Loss) Recognized in Income on Derivative Amount of Gain / (Loss) Recognized in Income on Derivative 2020 2021 2022 Non-hedging interest rate swaps Gain / (loss) on derivative instruments, net $ (2,283 ) $ (380 ) $ (182 ) Forward Freight Agreements Gain / (loss) on derivative instruments, net - - 108 Bunker swap agreements Gain / (loss) on derivative instruments, net - - (12 ) Forward currency contracts Gain / (loss) on derivative instruments, net 337 (866 ) 2,784 Total $ (1,946 ) $ (1,246 ) $ 2,698 |
Note 21 - Financial Instruments
Note 21 - Financial Instruments | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Financial Instruments Disclosure [Text Block] | 21. (a) Interest rate risk: 11. (b) Concentration of credit risk: not (c) Fair value: 11.B 11.A.19, 20 2 no The fair value of the Company’s other financing arrangements with fixed interest rates discussed in Note 11.B 2 December 31, 2022, December 31, 2021). 11.A.19, 2 December 31, 2022, December 31, 2021) 11.B 11.A.19, The fair value of the interest rate swap agreements, cross-currency rate swap agreements and interest rate cap agreements discussed in Note 20 December 31, 2021 2022, The fair value of the forward currency contracts discussed in Note 20 20 2 December 31, 2021 December 31, 2022, The fair value of the Bond Loan discussed in Note 11.C 1 December 31, 2022, December 31, 2021). The following tables summarize the hierarchy for determining and disclosing the fair value of assets and liabilities by valuation technique on a recurring basis as of the valuation date: December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring measurements: Forward currency contracts-liability position $ (406 ) $ - $ (406 ) $ - Interest rate swaps-liability position (4,145 ) - (4,145 ) - Interest rate swaps-asset position 3,429 - 3,429 - Cross-currency rate swaps-liability position (10,166 ) - (10,166 ) - Total $ (11,288 ) $ - $ (11,288 ) $ - December 31, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring measurements: Forward currency contracts-asset position $ 2,379 $ - $ 2,379 $ - Forward Freight Agreements-asset position 108 - 108 - Bunker swap agreements-liability position (12 ) - (12 ) - Interest rate swaps-asset position 35,877 - 35,877 - Interest rate caps-asset position 24,939 - 24,939 - Cross-currency rate swaps-liability position (15,898 ) - (15,898 ) - Total $ 47,393 $ - $ 47,393 $ - Assets measured at fair value on a non-recurring basis: During the year ended December 31, 2020, five five 2 During the year ended December 31, 2022, four four 2 |
Note 22 - Comprehensive Income
Note 22 - Comprehensive Income | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | 22. During the year ended December 31, 2020 , During the year ended December 31, 2021, During the year ended December 31, 2022, |
Note 23 - Subsequent Events
Note 23 - Subsequent Events | 12 Months Ended |
Dec. 31, 2022 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 23. (a) Declaration and payment of dividends (common stock): January 2, 2023 February 7, 2023 January 20, 2023 (b) Declaration and payment of dividends (preferred stock Series B, Series C, Series D and Series E): January 2, 2023 January 17, 2023 January 13, 2023 (c) Vessels sale: January 9, 2023, September 17, 2022 , Maersk Kalamata 7 . February 23, 2023, September 17, 2022 , Sealand Washington 7 February 23, 2023, Taibo second 2023. March 17, 2023, Miner March 31, 2023. (d) Drawdowns of loan facilities: January 4, 2023, 11.A.40 two 11.A.5 11.A.17 January 9, 2023, 11.A.40 two 11.A.2 11.A.6 January 11, 2023, 11.A.40 11.A.7 (e) Contingencies Other: 14 February 8, 2023, February 27, 2023, (f) Investment in Lease Financing Business : March 2023 third not |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Consolidation, Policy [Policy Text Block] | (a) Principles of Consolidation: Costamare, as the holding company, determines whether it has a controlling financial interest in an entity by first 810 50% 810 10, not not may may December 31, 2021 2022 no |
Use of Estimates, Policy [Policy Text Block] | (b) Use of Estimates: |
Comprehensive Income, Policy [Policy Text Block] | (c) Comprehensive Income / (Loss): 220 two |
Foreign Currency Transactions and Translations Policy [Policy Text Block] | (d) Foreign Currency Translation: |
Cash and Cash Equivalents, Policy [Policy Text Block] | (e) Cash, Cash Equivalents and Restricted Cash: three may may Restricted cash consists of minimum cash deposits to be maintained at all times under certain of the Company’s loan agreements. Restricted cash also includes bank deposits and deposits in so-called “retention accounts” that are required under the Company’s borrowing arrangements which are used to fund the loan installments coming due. The funds can only be used for the purposes of loan repayment. A reconciliation of the cash, cash equivalents and restricted cash is presented in the table below: For the years ended December 31, 2020 2021 2022 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 143,922 $ 276,002 $ 718,049 Restricted cash – current portion 4,998 8,856 9,768 Restricted cash – non-current portion 42,976 68,670 83,741 Total cash, cash equivalents and restricted cash $ 191,896 $ 353,528 $ 811,558 |
Receivable [Policy Text Block] | (f) Accounts Receivable, net: 842 not 326. 842 not December 31, 2021 2022, nil |
Inventory, Policy [Policy Text Block] | (g) Inventories: first first |
Insurance Claim Receivables [Policy Text Block] | (h) Insurance Claims Receivable: not 326 no |
Property, Plant and Equipment, Policy [Policy Text Block] | (i) Vessels, Net: The cost of each of the Company’s vessels is depreciated from the date of acquisition on a straight-line basis over the vessel’s remaining estimated economic useful life, after considering the estimated residual value which is equal to the product of vessels’ lightweight tonnage and estimated scrap rate. Management estimates the useful life of the Company’s container and dry bulk vessels to be 30 and 25 years, respectively, from the date of initial delivery from the shipyard and the estimated scrap rate used to calculate the vessels’ salvage value is $0.300 per lightweight ton for both container and dry bulk vessels. Secondhand container and dry bulk vessels are depreciated from the date of their acquisition through their remaining estimated useful life. If the estimated economic lives assigned to the Company’s vessels prove to be too long because of unforeseen events such as an extended period of weak markets, the broad imposition of age restrictions by the Company’s customers’, new regulations, or other future events, the remaining estimated useful life of any affected vessel is adjusted accordingly. |
Time Charters Assumed with the Acquisition of Second-hand Vessels, Policy [Policy Text Block] | (j) Time Charters Assumed with the Acquisition of Second-hand Vessels not not |
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block] | (k) Impairment of Long-lived Assets: not As part of the identification of impairment indicators and Step 1 Container vessels: x ten five ten third ten $0.300 Dry bulk vessels: x ten one five ten one ten one $0.300 The assumptions used to develop estimates of future undiscounted net operating cash flows are based on historical trends as well as future expectations. If those future undiscounted net operating cash flows are greater than a vessel’s carrying value, there are no 2 2 In Step 2 1 third 2 1 2 The review of the carrying amounts in connection with the estimated recoverable amount of the Company’s vessels as of December 31, 2022 December 31, 2020 2021, nil, |
Assets Held for Sale [Policy Text Block] | (l) Long-lived Assets Classified as Held for Sale: 360, one 360 10 35, not not December 31, 2022 2021, |
Accounting for Special Survey and Dry-docking Costs [Policy Text Block] | (m) Accounting for Special Survey and Dry-docking Costs: not |
Debt, Policy [Policy Text Block] | (n) Financing Costs: third |
Concentration Risk, Credit Risk, Policy [Policy Text Block] | (o) Concentration of Credit Risk: not |
Revenue [Policy Text Block] | (p) Accounting for Revenues and Expenses: 842. third not not Revenues for 2020, 2021 2022 10% 2020 2021 2022 A 21 % 16 % 13 % B 20 % 20 % 18 % C 11 % 12 % 7 % D 29 % 12 % 8 % E 10 % 9 % 7 % Total 91 % 69 % 53 % |
Derivatives, Policy [Policy Text Block] | (q) Derivative Financial Instruments: may zero The interest rate caps are accounted for as cash flow hedges when they are expected to be highly effective in hedging variable rate interest payments under certain term loans. Changes in the fair value of the interest rate caps are reported within accumulated other comprehensive income. The initial value of the component excluded from the assessment of effectiveness is recognized in earnings using a systematic and rational method over the life of the hedging instrument. Any amounts excluded from the assessment of hedge effectiveness are presented in the same income statement line being Interest and finance costs where the earnings effect of the hedged item is presented. The Company formally documents all relationships between hedging instruments and hedged items, as well as the risk-management objective and strategy for undertaking various hedge transactions. This process includes linking all derivatives that are designated as cash flow hedges to specific forecasted transactions or variability of cash flow. The Company also formally assesses, both at the hedge’s inception and on an ongoing basis, whether the derivatives that are used in hedging transactions are highly effective in offsetting changes in cash flow of hedged items. The Company considers a hedge to be highly effective if the change in fair value of the derivative hedging instrument is within 80% to 125% of the opposite change in the fair value of the hedged item attributable to the hedged risk. When it is determined that a derivative is not 815 Also, the Company enters into FFAs to establish market positions in the dry bulk derivative freight markets and to hedge its exposure in the physical dry bulk freight markets and into bunker swap agreements to hedge its exposure to bunker prices. The differentials paid or received under these instruments are recognized in earnings as part of the gain /(loss) on derivative instruments. The Company has not Furthermore, the Company enters into forward exchange rate contracts to manage its exposure to currency exchange risk on certain foreign currency liabilities. The Company has not |
Earnings Per Share, Policy [Policy Text Block] | (r) Earnings per Share: three December 31, 2022. December 31, 2020 ( 17 |
Fair Value of Financial Instruments, Policy [Policy Text Block] | (s) Fair Value Measurements: 820 1 3 820 not 20 22 |
Segment Reporting, Policy [Policy Text Block] | (t) Segment Reporting: 1 2 3 may |
Business Combinations Policy [Policy Text Block] | (u) Accounting for transactions under common control: may not not not not |
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block] | (v) Non-controlling interest: not one If the Company determines at the end of the reporting period that it is probable that an event would occur to otherwise require the redemption of a redeemable non-controlling interest (redeemable non-controlling interest is currently redeemable), then the Company adjusts the recorded amount to its maximum redemption amount at the reporting date. If the Company determines that it is not not not not no |
Equity Method Investments [Policy Text Block] | (w) Equity Method Investments: 323, not |
Lessee, Leases [Policy Text Block] | ( x 842 842 10 25 2. none 842 10 25 2 Furthermore, as a result of electing to apply the package of practical expedients, at January 1, 2019, 840 842 not 840. January 1, 2019, 840 not 842. January 1, 2019, 840, Finance leases are accounted for as the acquisition of a finance right-of-use asset and the incurrence of an obligation by the lessee. At the commencement date of the finance lease, a lessee initially measures the lease liability at the present value, using the discount rate determined on the commencement, of the lease payments to be made over the lease term. Subsequently, the lease liability is increased by the interest on the lease liability and decreased by the lease payments during the period. The interest on the lease liability is determined in each period during the lease term A lessee initially measures the finance right-of-use asset at cost which consists of the amount of the initial measurement of the lease liability; any lease payments made to the lessor at or before the commencement date, less any lease incentives received; and any initial direct costs incurred by the lessee. Subsequently, the finance right-of-use asset is measured at cost less any accumulated amortization and any accumulated impairment losses, taking into consideration the reassessment requirements. A lessee shall amortize the finance right-of-use asset on a straight-line basis (unless another systematic basis better represents the pattern in which the lessee expects to consume the right-of-use asset’s future economic benefits) from the commencement date For sale and leaseback transactions, if the transfer is not 842 40 25 1 25 3, not 360. |
Marketable Securities, Policy [Policy Text Block] | (y) Investments in Equity and Debt Securities: ASC 825 820 may Held-to-maturity debt securities are initially recognized at cost and subsequently are measured at amortized cost, less expected credit losses. The amortized cost is adjusted for amortization of premiums and accretion of discounts to maturity. Management evaluates debt securities held-to-maturity for expected credit losses at each reporting date. The Company assessed the provisions of “ASC 326 5 December 31, 2021, no |
Compensation Related Costs, Policy [Policy Text Block] | (z) Stock Based Compensation: 3 16 505 50 |
Going Concern, Policy [Policy Text Block] | (aa) Going concern: 205 40. one not |
Treasury Stock [Policy Text Block] | (ab) Treasury stock: may not not not not |
Investment, Policy [Policy Text Block] | (ac) Short-term investments: three |
Long Lived Assets, Finance Leases, Policy [Policy Text Block] | (ad) Long lived Assets- Financing Arrangements: 606 not |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncements In March 2020, 2020 04, 848 2020 04 January 2021, 2021 01, 848 848 848 848. 2020 04 2021 10 March 12, 2020 December 31, 2022. In December 2022, No. 2022 06, 848 848 848 December 31, 2022 December 31, 2024. December 21, 2022 December 31, 2024. December 31, 2022, not |
Note 2 - Significant Accounti_2
Note 2 - Significant Accounting Policies and Recent Accounting Pronouncements (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Table Text Block] | For the years ended December 31, 2020 2021 2022 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 143,922 $ 276,002 $ 718,049 Restricted cash – current portion 4,998 8,856 9,768 Restricted cash – non-current portion 42,976 68,670 83,741 Total cash, cash equivalents and restricted cash $ 191,896 $ 353,528 $ 811,558 |
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] | 2020 2021 2022 A 21 % 16 % 13 % B 20 % 20 % 18 % C 11 % 12 % 7 % D 29 % 12 % 8 % E 10 % 9 % 7 % Total 91 % 69 % 53 % |
Note 4 - Segmental Financial _2
Note 4 - Segmental Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | For the year ended December 31, 2022 Container vessels segment Dry bulk vessels segment CBI Other Eliminations Total Voyage revenue $ 797,392 $ 316,100 $ 367 $ - $ - $ 1,113,859 Intersegment voyage revenue - 800 - - (800 ) - Voyage expenses (11,323 ) (37,602 ) (144 ) - - (49,069 ) Intersegment voyage expenses - - (800 ) - 800 - Vessels’ operating expenses (169,426 ) (99,805 ) - - - (269,231 ) Depreciation (126,340 ) (39,658 ) - - - (165,998 ) Amortization of dry-docking and special survey costs (11,831 ) (1,655 ) - - - (13,486 ) Vessels’ Impairment loss - (1,691 ) - - - (1,691 ) Gain on sale of vessels, net 122,884 3,452 - - - 126,336 Interest income 3,666 2,290 - - - 5,956 Interest and finance costs (101,888 ) (20,333 ) (12 ) - - (122,233 ) Income from equity method investments - - - 2,296 - 2,296 Net Income/ (Loss) for the Year $ 458,494 $ 97,405 $ (3,503 ) $ 2,296 $ - $ 554,692 For the year ended December 31, 2021 Container vessels segment Dry bulk vessels segment Other Total Voyage revenue $ 678,292 $ 115,347 $ - $ 793,639 Vessels’ operating expenses (151,452 ) (28,529 ) - (179,981 ) Depreciation (125,811 ) (11,147 ) - (136,958 ) Amortization of dry-docking and special survey costs (10,346 ) (87 ) - (10,433 ) Gain on sale of vessels, net 45,894 - - 45,894 Interest income 1,587 - - 1,587 Interest and finance costs (81,887 ) (4,160 ) - (86,047 ) Income from equity method investments - - 12,859 12,859 Net Income for the Year $ 303,490 $ 56,814 $ 74,817 $ 435,121 As of December 31, 2022 Container vessels segment Dry bulk vessels segment CBI Other Eliminations Total Total Assets $ 3,272,559 $ 771,027 $ 101,807 $ 751,838 $ (1,002 ) $ 4,896,229 As of December 31, 2021 Container vessels segment Dry bulk vessels segment Other Total Total Assets $ 3,672,212 $ 714,957 $ 19,872 $ 4,407,041 |
Note 7 - Vessels and Advances_2
Note 7 - Vessels and Advances, Net (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule Vessels and Advances, Net [Table Text Block] | Vessel Cost Accumulated Depreciation Net Book Value Balance, January 1, 2021 $ 3,525,967 $ (1,075,457 ) $ 2,450,510 Depreciation - (129,406 ) (129,406 ) Vessel acquisitions, advances and other vessels’ costs 1,467,937 - 1,467,937 Vessel sales, transfers and other movements (306,008 ) 167,159 (138,849 ) Balance, December 31, 2021 $ 4,687,896 $ (1,037,704 ) $ 3,650,192 Depreciation - (162,651 ) (162,651 ) Vessel acquisitions, advances and other vessels’ costs 249,023 - 249,023 Vessel sales, transfers and other movements (140,817 ) 71,114 (69,703 ) Balance, December 31, 2022 $ 4,796,102 $ (1,129,241 ) $ 3,666,861 |
Note 8 - Deferred Charges, Net
Note 8 - Deferred Charges, Net (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Deferred Charges [Table Text Block] | Balance, January 1, 2021 $ 27,682 Additions 18,882 Amortization (10,433 ) Write-off and other movements (Note 7) (4,272 ) Balance, December 31, 2021 $ 31,859 Additions 38,330 Amortization (13,486 ) Write-off and other movements (Note 7) (1,668 ) Balance, December 31, 2022 $ 55,035 |
Note 10 - Equity Method Inves_2
Note 10 - Equity Method Investments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Equity Method Investments [Table Text Block] | Entity Vessel Participation % December 31, 2022 Date Established /Acquired Steadman Maritime Co. - 49% July 1, 2013 Marchant Maritime Co. (*) - - - Horton Maritime Co. (*) - - - Smales Maritime Co. (**) - - - Geyer Maritime Co. Arkadia 49% May 18, 2015 Goodway Maritime Co. Monemvasia 49% September 22, 2015 Platt Maritime Co. Polar Argentina 49% May 18, 2015 Sykes Maritime Co. Polar Brasil 49% May 18, 2015 |
Equity Method Investments Summarized Financial Information [Table Text Block] | December 31, 2021 December 31, 2022 Current assets $ 12,468 $ 11,697 Non-current assets 92,770 91,471 Total assets $ 105,238 $ 103,168 Current liabilities $ 6,576 $ 7,472 Non-current liabilities 58,110 52,760 Total liabilities $ 64,686 $ 60,232 For the years ended December 31, 2020 2021 2022 Voyage revenue $ 96,533 $ 43,088 $ 23,789 Net income $ 39,433 $ 27,617 $ 4,686 |
Note 11 - Long-term Debt (Table
Note 11 - Long-term Debt (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | Borrower(s) December 31, 2021 December 31, 2022 A. Term Loans: 1. Nerida Shipping Co. 9,975 - 2. Singleton Shipping Co. and Tatum Shipping Co. 37,600 34,400 3. Reddick Shipping Co. and Verandi Shipping Co. - - 4. Costamare. Inc. 30,188 - 5. Bastian Shipping Co. and Cadence Shipping Co. 98,000 82,800 6. Adele Shipping Co. 54,500 48,500 7. Costamare Inc. 123,990 112,430 8. Quentin Shipping Co. and Sander Shipping Co. 72,898 - 9. Costamare Inc. 24,554 - 10. Capetanissa Maritime Corporation et al. 56,500 15,671 11. Caravokyra Maritime Corporation et al. 54,400 6,928 12. Achilleas Maritime Corporation et al. - - 13. Kelsen Shipping Co. 4,050 - 14. Uriza Shipping S.A. 17,400 - 15. Berg Shipping Co. 11,660 10,540 16. Reddick Shipping Co. and Verandi Shipping Co. 14,900 - 17. Evantone Shipping Co. and Fortrose Shipping Co. 20,750 17,750 18. Ainsley Maritime Co. and Ambrose Maritime Co. 141,964 131,250 19. Hyde Maritime Co. and Skerrett Maritime Co. 138,519 127,212 20. Kemp Maritime Co. 70,350 64,300 21. Vernes Shipping Co. 12,650 - 22. Achilleas Maritime Corporation et al. 125,360 66,974 23. Novara et al. 63,833 65,043 24. Costamare Inc. 59,952 49,095 25. Costamare Inc. 80,228 - 26. Costamare Inc. - - 27. Costamare Inc. 79,348 24,387 28. Amoroto et al. 103,423 67,882 29. Costamare Inc. - - 30. Dattier Marine Corp et al. 43,480 - 31. Bernis Marine Corp. et al. - 47,884 32. Costamare Inc. - 52,361 33. Costamare Inc. - 62,500 34. Adstone Marine Corp. et al. - - 35. Amoroto et al. - 33,700 36. Benedict et al. - 458,952 37. Reddick Shipping Co. and Verandi Shipping Co. - 43,500 38. Quentin Shipping Co. and Sander Shipping Co. - 85,000 39. Greneta Marine Corp. et al. - 30,000 40. Bastian Shipping Co. et al. - - 41. Adstone Marine Corp. et al. - 82,885 Total Term Loans $ 1,550,472 $ 1,821,944 B. Other financing arrangements 803,589 678,930 C. Unsecured Bond Loan 113,260 106,660 Total long-term debt $ 2,467,321 $ 2,607,534 Less: Deferred financing costs (25,238 ) (22,913 ) Total long-term debt, net 2,442,083 2,584,621 Less: Long-term debt current portion (278,326 ) (325,611 ) Add: Deferred financing costs, current portion 5,961 5,497 Total long-term debt, non-current, net $ 2,169,718 $ 2,264,507 |
Schedule of Maturities of Long-Term Debt [Table Text Block] | Year ending December 31, Amount 2023 $ 325,611 2024 306,246 2025 443,699 2026 486,077 2027 343,568 2028 and thereafter 702,333 Total $ 2,607,534 |
Schedule of Financing Costs [Table Text Block] | Balance, January 1, 2021 $ 14,080 Additions 18,034 Amortization and write-off (6,704 ) Transfers and other movements 306 Balance, December 31, 2021 $ 25,716 Additions 7,347 Amortization and write-off (10,255 ) Transfers and other movements 105 Balance, December 31, 2022 $ 22,913 Less: Current portion of financing costs (5,497 ) Financing costs, non-current portion $ 17,416 |
Note 12 - Right-of-Use Assets_2
Note 12 - Right-of-Use Assets and Finance Lease Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Finance Lease Obligations Current and Non-Current [Table Text Block] | December 31, 2021 December 31, 2022 Finance lease liabilities – current $ 16,858 $ - Less: current portion of financing costs (182 ) - Finance lease liabilities – non-current 99,985 - Less: non-current portion of financing costs (296 ) - Total $ 116,365 $ - |
Note 13 - Accrued Charter Rev_2
Note 13 - Accrued Charter Revenue, Current and Non-current, Unearned Revenue, Current and Non-current and Time Charter Assumed, Current and Non-current (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Unbilled Receivables, Not Billable at Balance Sheet Date [Table Text Block] | Year ending December 31, Amount 2023 $ 2,564 2024 (5,887 ) 2025 (12,649 ) 2026 (4,377 ) Total $ (20,349 ) |
Deferred Revenue, by Arrangement, Disclosure [Table Text Block] | December 31, 2021 December 31, 2022 Hires collected in advance $ 19,173 $ 16,906 Charter revenue resulting from varying charter rates 38,524 42,861 Total $ 57,697 $ 59,767 Less current portion (23,830 ) (25,227 ) Non-current portion $ 33,867 $ 34,540 |
Note 14 - Commitments and Con_2
Note 14 - Commitments and Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Non Cancelable Long-Term Time Charter Contracts [Table Text Block] | Year ending December 31, Amount 2023 $ 832,687 2024 757,998 2025 651,507 2026 374,428 2027 223,638 2028 and thereafter 504,571 Total $ 3,344,829 |
Note 15 - Non-controlling Int_2
Note 15 - Non-controlling Interest (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Redeemable Noncontrolling Interest [Table Text Block] | Temporary equity Redeemable non-controlling interest in subsidiary Amount Balance, January 1, 2022 $ - Initial redeemable non-controlling interest in subsidiary 3,750 Net loss attributable to non-controlling interest (263 ) Balance, December 31, 2022 $ 3,487 |
Note 17 - Earnings Per Share (T
Note 17 - Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the year ended December 31, 2020 2021 2022 Basic LPS Basic EPS Basic EPS Net income $ 8,877 $ 435,121 $ 554,692 Less: Net loss attributable to the non-controlling interest - - 263 Net income attributable to Costamare Inc. 8,877 435,121 554,955 Less: paid and accrued earnings allocated to Preferred Stock (31,082 ) (31,068 ) (31,068 ) Add: gain from retirement of Preferred Stock 619 - - Net income / (loss) available to common stockholders (21,586 ) 404,053 523,887 Weighted average number of common shares, basic and diluted 120,696,130 123,070,730 122,964,358 Earnings / (losses) per common share, basic and diluted $ (0.18 ) $ 3.28 $ 4.26 |
Note 18 - Interest and Financ_2
Note 18 - Interest and Finance Costs (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Interest Finance Costs [Table Text Block] | For the year ended December 31, 2020 2021 2022 Interest expense $ 66,526 $ 72,261 $ 107,205 Interest capitalized (3,274 ) (465 ) - Derivatives’ effect 1,323 6,417 (483 ) Amortization and write-off of financing costs 3,645 6,520 10,255 Amortization of excluded component related to cash flow hedges - - 1,286 Bank charges and other financing costs 482 1,314 3,970 Total $ 68,702 $ 86,047 $ 122,233 |
Note 20 - Derivatives (Tables)
Note 20 - Derivatives (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Derivative Instruments [Table Text Block] | Effective date Termination date Notional amount (Non-amortizing) on effective date in Euro Notional amount (Non-amortizing) on effective date in USD Fixed rate (Costamare receives in Euro) Fixed rate (Costamare pays in USD) Fair value December 31, 2022 (in USD) 21/5/2021 21/11/2025 € 50,000 $ 61,175 2.70 % 4.10 % $ (7,906 ) 25/5/2021 21/11/2025 € 50,000 $ 61,200 2.70 % 4.05 % $ (7,992 ) Total fair value $ (15,898 ) |
Schedule of Derivatives In ASC 815 Cash Flow Hedging Relationships [Table Text Block] | The Effect of Derivative Instruments for the years ended December 31, 2020, 2021 and 2022 Derivatives in ASC 815 Cash Flow Hedging Relationships Amount of Gain / (Loss) Recognized in Accumulated OCI on Derivative 2020 2021 2022 Interest rate swaps and cross-currency swaps $ (8,129 ) $ (754 ) $ 36,591 Interest rate caps (included component) - - 4,495 Interest rate caps (excluded component) (1) - - 6,700 Reclassification to Interest and finance costs 1,323 6,417 (483 ) Reclassification of amount excluded from the interest rate caps assessment of hedge effectiveness based on an amortization approach to Interest and finance costs - - 1,286 Amounts reclassified from Net settlements on interest rate swaps qualifying for hedge accounting to Depreciation 63 63 63 Total $ (6,743 ) $ 5,726 $ 48,652 |
Schedule of Derivatives Not Designated as Hedging Instruments under ASC 815 [Table Text Block] | Derivatives Not Designated as Hedging Instruments under ASC 815 Location of Gain / (Loss) Recognized in Income on Derivative Amount of Gain / (Loss) Recognized in Income on Derivative 2020 2021 2022 Non-hedging interest rate swaps Gain / (loss) on derivative instruments, net $ (2,283 ) $ (380 ) $ (182 ) Forward Freight Agreements Gain / (loss) on derivative instruments, net - - 108 Bunker swap agreements Gain / (loss) on derivative instruments, net - - (12 ) Forward currency contracts Gain / (loss) on derivative instruments, net 337 (866 ) 2,784 Total $ (1,946 ) $ (1,246 ) $ 2,698 |
Note 21 - Financial Instrumen_2
Note 21 - Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Notes Tables | |
Schedule of Derivative Assets and Liabilities at Fair Value [Table Text Block] | December 31, 2021 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring measurements: Forward currency contracts-liability position $ (406 ) $ - $ (406 ) $ - Interest rate swaps-liability position (4,145 ) - (4,145 ) - Interest rate swaps-asset position 3,429 - 3,429 - Cross-currency rate swaps-liability position (10,166 ) - (10,166 ) - Total $ (11,288 ) $ - $ (11,288 ) $ - December 31, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring measurements: Forward currency contracts-asset position $ 2,379 $ - $ 2,379 $ - Forward Freight Agreements-asset position 108 - 108 - Bunker swap agreements-liability position (12 ) - (12 ) - Interest rate swaps-asset position 35,877 - 35,877 - Interest rate caps-asset position 24,939 - 24,939 - Cross-currency rate swaps-liability position (15,898 ) - (15,898 ) - Total $ 47,393 $ - $ 47,393 $ - |
Note 1 - Basis of Presentatio_2
Note 1 - Basis of Presentation and General Information (Details Textual) | 12 Months Ended | 78 Months Ended | |
Dec. 31, 2022 shares | Dec. 31, 2022 shares | Dec. 31, 2021 | |
Stock Issued During Period, Shares, Dividend Reinvestment Plan (in shares) | 19,068,198 | ||
Common Stock, Shares, Outstanding, Ending Balance (in shares) | 122,301,711 | 122,301,711 | |
Percentage of Common Stock Owned by the Family | 60.80% | 60.80% | |
Number of Container Vessels | 69 | 69 | 72 |
Carrying Capacity of Vessels at Period End (TEU) | 525,821 | 525,821 | 543,645 |
Number of Dry-bulk Vessels | 45 | 45 | 43 |
Dead Weight Tonnage of Dry-bulk Vessels | 2,436,134 | 2,436,134 | 2,320,750 |
LIBERIA | |||
Number of Subsidiaries | 150 | 150 | |
MARSHALL ISLANDS | |||
Number of Subsidiaries | 12 | 12 | |
Number of Majority Owned Subsidiaries | 1 | 1 | |
CYPRUS | |||
Number of Subsidiaries | 3 | 3 | |
Common Stock Issued to Costamare Shipping Services Ltd. [Member] | |||
Stock Issued During Period, Shares, New Issues (in shares) | 598,400 |
Note 2 - Significant Accounti_3
Note 2 - Significant Accounting Policies and Recent Accounting Pronouncements (Details Textual) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) shares | Dec. 31, 2021 USD ($) shares | Dec. 31, 2020 USD ($) shares | |
Accounts Receivable, Credit Loss Expense (Reversal) | $ 0 | $ 0 | |
Operating Expenses Increase Rate | 2.50% | ||
Vessels Impairment Loss | $ 1,691 | $ 0 | $ 31,577 |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | shares | 0 | 0 | 0 |
Number of Reportable Segments | 3 | ||
Minimum [Member] | |||
General Fair Value Hedge Information, Hedge Effectiveness Threshold | 80% | ||
Maximum [Member] | |||
General Fair Value Hedge Information, Hedge Effectiveness Threshold | 125% | ||
Container Vessels [Member] | |||
Property, Plant and Equipment, Useful Life (Year) | 30 years | ||
Vessels Held for Sale at Period End | 2 | 4 | |
Dry-bulk Vessels [Member] | |||
Property, Plant and Equipment, Useful Life (Year) | 25 years | ||
Container Vessels and Dry-bulk Vessels [member] | |||
Estimated Scrap Rate Per Lightweight Ton | 0.300 | ||
Operating Expenses Increase Rate | 2.50% |
Note 2 - Significant Accounti_4
Note 2 - Significant Accounting Policies and Recent Accounting Pronouncements - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Cash and cash equivalents | $ 718,049 | $ 276,002 | $ 143,922 |
Restricted cash – current portion | 9,768 | 8,856 | 4,998 |
Restricted cash – non-current portion | 83,741 | 68,670 | 42,976 |
Total cash, cash equivalents and restricted cash | $ 811,558 | $ 353,528 | $ 191,896 |
Note 2 - Significant Accounti_5
Note 2 - Significant Accounting Policies and Recent Accounting Pronouncements - Revenues from Significant Charterers (Details) - Customer Concentration Risk [Member] - Revenue Benchmark [Member] | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Major Customer A [Member] | |||
Concentration risk percentage | 13% | 16% | 21% |
Major Customer B [Member] | |||
Concentration risk percentage | 18% | 20% | 20% |
Major Customer C [Member] | |||
Concentration risk percentage | 7% | 12% | 11% |
Major Customer D [Member] | |||
Concentration risk percentage | 8% | 12% | 29% |
Major Customer E [Member] | |||
Concentration risk percentage | 7% | 9% | 10% |
Major Customers A, B, C, D and E [Member] | |||
Concentration risk percentage | 53% | 69% | 91% |
Note 3 - Transactions With Re_2
Note 3 - Transactions With Related Parties (Details Textual) | 12 Months Ended | ||||||||||
Jun. 14, 2021 | Mar. 29, 2021 USD ($) | Mar. 31, 2020 | Jul. 01, 2019 | Dec. 31, 2022 USD ($) shares | Dec. 31, 2022 EUR (€) shares | Dec. 31, 2021 USD ($) | Dec. 31, 2021 EUR (€) | Dec. 31, 2020 USD ($) | Sep. 09, 2021 USD ($) | Jan. 01, 2018 | |
Management Fees Related Parties | $ 46,735,000 | $ 29,621,000 | $ 21,616,000 | ||||||||
Voyage Expenses Related Parties | 15,418,000 | 11,089,000 | 6,516,000 | ||||||||
Due to Related Parties, Current, Total | 2,332,000 | 1,694,000 | |||||||||
Other Liabilities, Current, Total | 3,456,000 | 2,417,000 | |||||||||
Assets, Total | 4,896,229,000 | 4,407,041,000 | |||||||||
Stockholders' Equity, Gain (loss) from Common Control Transaction | 86,000 | ||||||||||
Additional Paid-in Capital [Member] | |||||||||||
Stockholders' Equity, Gain (loss) from Common Control Transaction | 86,000 | ||||||||||
Costamare Shipping Company SA and Costamare Shipping Services Ltd. [Member] | |||||||||||
Management Fee Per Day, Per Vessel | 1,020 | 956 | |||||||||
Management Fee Per Day, Per Vessel Under Bareboat Charter | 510 | 478 | |||||||||
Construction Supervisory Fee | $ 840,000 | 787,000 | |||||||||
Commission Charged on Charter Hire Agreements | 1.25% | 1.25% | 1.25% | ||||||||
Quarterly Fee to Related Parties | $ 667,000 | 625,000 | |||||||||
Quarterly Fee to Related Parties, Shares (in shares) | shares | 149,600 | 149,600 | |||||||||
Management Fees Related Parties | $ 43,915,000 | 29,621,000 | 21,442,000 | ||||||||
Voyage Expenses Related Parties | 13,930,000 | 9,756,000 | 5,739,000 | ||||||||
Fair Value of Shares Issued to Manager | $ 7,089,000 | 7,414,000 | 3,655,000 | ||||||||
Stock Issued During Period, Shares, Issued for Services (in shares) | shares | 598,400 | 598,400 | |||||||||
Working Capital Security | $ 5,625,000 | 5,525,000 | |||||||||
Costamare Shipping Company SA and Costamare Shipping Services Ltd. [Member] | Accounts Receivable, Net, Noncurrent [Member] | |||||||||||
Working Capital Security | 5,250,000 | 5,075,000 | |||||||||
Costamare Shipping Company SA and Costamare Shipping Services Ltd. [Member] | Accounts Receivable, Net [Member] | |||||||||||
Working Capital Security | 375,000 | 450,000 | |||||||||
Costamare Shipping Company SA and Costamare Shipping Services Ltd. [Member] | General and Administrative Expense [Member] | |||||||||||
Officers Compensation Charged, Period End | 2,667,000 | 2,500,000 | 2,500,000 | ||||||||
V.Ships Greece Ltd. [Member] | |||||||||||
Working Capital Security Per Vessel | 75,000 | ||||||||||
Other Third-party Managers [Member] | |||||||||||
Working Capital Security Per Vessel | 50,000 | ||||||||||
Costamare Shipping [Member] | |||||||||||
Total Charges by Manager to Companys Affiliates | 1,776,000 | 2,752,000 | 3,611,000 | ||||||||
Due from Related Parties, Total | 3,581,000 | ||||||||||
Due to Related Parties, Current, Total | 743,000 | ||||||||||
Costamare Services [Member] | |||||||||||
Due to Related Parties, Current, Total | 1,380,000 | 951,000 | |||||||||
Shanghai Costamare Ship Management Co Ltd [Member] | |||||||||||
Due to Related Parties, Current, Total | 0 | ||||||||||
Blue Net Chartering GmbH & Co. KG (Containerships Only) [Member] | |||||||||||
Percentage Ownership | 50% | ||||||||||
Annual Fee to Related Parties | € | € 9,413 | € 9,413 | |||||||||
Annual Fee to Related Parties, Chartered in Current Period | € | € 1,281 | € 1,281 | |||||||||
Vessels Under Time Charter | 4 | ||||||||||
Daily Brokerage Commission on Time Charter | $ 165 | ||||||||||
Blue Net Chartering GmbH & Co. KG [Member] | |||||||||||
Voyage Expenses Related Parties | 431,000 | 467,000 | 378,000 | ||||||||
Blue Net Asia Pte., Ltd. (“BNA”) (Containerships Only) [Member] | |||||||||||
Commission Charged on Charter Hire Agreements | 1.25% | ||||||||||
Voyage Expenses Related Parties | 1,057,000 | 866,000 | 399,000 | ||||||||
Percentage Ownership | 50% | ||||||||||
Vessels Under Time Charter | 5 | ||||||||||
Longshaw Maritime Investments S.A. [Member] | The16 Companies Which Owned or Committed to Acquire Bulk Vessels [Member] | |||||||||||
Number of Companies Acquired | 16 | ||||||||||
Other Liabilities, Current, Total | $ 54,491,000 | ||||||||||
Assets, Total | $ 54,578,000 | ||||||||||
Longshaw Maritime Investments S.A. [Member] | The16 Companies Which Owned or Committed to Acquire Bulk Vessels [Member] | Additional Paid-in Capital [Member] | |||||||||||
Dead Weight Tonnage of Vessels | 932,329 | ||||||||||
Stockholders' Equity, Gain (loss) from Common Control Transaction | 86,000 | ||||||||||
LC LAW Stylianou & Associates LLC [Member] | Legal Service [Member] | |||||||||||
Related Party Transaction, Amounts of Transaction | 36,000 | 91,000 | |||||||||
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party | 33,000 | $ 23,000 | |||||||||
Related Party Transaction, Expenses Capitalized as Financing Costs | 58,000 | ||||||||||
Due to Related Parties, Total | 0 | $ 0 | |||||||||
Local Agencies [Member] | Service Agreements [Member] | |||||||||||
Management Fees Related Parties | 2,820,000 | ||||||||||
Due from Related Parties, Total | 257,000 | ||||||||||
Due to Related Parties, Total | $ 952,000 | ||||||||||
Related Party Transaction, Percentage Mark Up | 11% |
Note 4 - Segmental Financial _3
Note 4 - Segmental Financial Information - Summary of Reportable Segments (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Voyage revenue | $ 1,113,859 | $ 793,639 | $ 460,319 |
Voyage expenses | (49,069) | (13,311) | (7,372) |
Vessels’ operating expenses | (269,231) | (179,981) | (117,054) |
Depreciation | (165,998) | (136,958) | (108,700) |
Amortization of dry-docking and special survey costs | (13,486) | (10,433) | (9,056) |
Vessels’ Impairment loss | 1,691 | 0 | 31,577 |
Gain on sale of vessels, net | 126,336 | 45,894 | (79,120) |
Interest income | 5,956 | 1,587 | 1,827 |
Interest and finance costs | (122,233) | (86,047) | (68,702) |
Income from equity method investments | 2,296 | 12,859 | 16,195 |
Net Income/ (Loss) for the Year | 554,692 | 435,121 | $ 8,877 |
Total Assets | 4,896,229 | 4,407,041 | |
Intersegment Eliminations [Member] | |||
Voyage revenue | 0 | ||
Intersegment voyage revenue | (800) | ||
Voyage expenses | 0 | ||
Intersegment voyage expenses | 800 | ||
Vessels’ operating expenses | 0 | ||
Depreciation | 0 | ||
Amortization of dry-docking and special survey costs | 0 | ||
Vessels’ Impairment loss | 0 | ||
Gain on sale of vessels, net | 0 | ||
Interest income | 0 | ||
Interest and finance costs | 0 | ||
Income from equity method investments | 0 | ||
Net Income/ (Loss) for the Year | 0 | ||
Total Assets | (1,002) | ||
Container Vessels Segment [Member] | Operating Segments [Member] | |||
Voyage revenue | 797,392 | 678,292 | |
Intersegment voyage revenue | 0 | ||
Voyage expenses | (11,323) | ||
Intersegment voyage expenses | 0 | ||
Vessels’ operating expenses | (169,426) | (151,452) | |
Depreciation | (126,340) | (125,811) | |
Amortization of dry-docking and special survey costs | (11,831) | (10,346) | |
Vessels’ Impairment loss | 0 | ||
Gain on sale of vessels, net | 122,884 | 45,894 | |
Interest income | 3,666 | 1,587 | |
Interest and finance costs | (101,888) | (81,887) | |
Income from equity method investments | 0 | 0 | |
Net Income/ (Loss) for the Year | 458,494 | 303,490 | |
Total Assets | 3,272,559 | 3,672,212 | |
Dry Bulk Vessels Segment [Member] | Operating Segments [Member] | |||
Voyage revenue | 316,100 | 115,347 | |
Intersegment voyage revenue | 800 | ||
Voyage expenses | (37,602) | ||
Intersegment voyage expenses | 0 | ||
Vessels’ operating expenses | (99,805) | (28,529) | |
Depreciation | (39,658) | (11,147) | |
Amortization of dry-docking and special survey costs | (1,655) | (87) | |
Vessels’ Impairment loss | (1,691) | ||
Gain on sale of vessels, net | 3,452 | 0 | |
Interest income | 2,290 | 0 | |
Interest and finance costs | (20,333) | (4,160) | |
Income from equity method investments | 0 | 0 | |
Net Income/ (Loss) for the Year | 97,405 | 56,814 | |
Total Assets | 771,027 | 714,957 | |
Costamare Bulkers Inc. (“CBI”) [Member] | Operating Segments [Member] | |||
Voyage revenue | 367 | ||
Intersegment voyage revenue | 0 | ||
Voyage expenses | (144) | ||
Intersegment voyage expenses | (800) | ||
Vessels’ operating expenses | 0 | ||
Depreciation | 0 | ||
Amortization of dry-docking and special survey costs | 0 | ||
Vessels’ Impairment loss | 0 | ||
Gain on sale of vessels, net | 0 | ||
Interest income | 0 | ||
Interest and finance costs | (12) | ||
Income from equity method investments | 0 | ||
Net Income/ (Loss) for the Year | (3,503) | ||
Total Assets | 101,807 | ||
Other [Member] | |||
Voyage revenue | 0 | 0 | |
Intersegment voyage revenue | 0 | ||
Voyage expenses | 0 | ||
Intersegment voyage expenses | 0 | ||
Vessels’ operating expenses | 0 | 0 | |
Depreciation | 0 | 0 | |
Amortization of dry-docking and special survey costs | 0 | 0 | |
Vessels’ Impairment loss | 0 | ||
Gain on sale of vessels, net | 0 | 0 | |
Interest income | 0 | 0 | |
Interest and finance costs | 0 | 0 | |
Income from equity method investments | 2,296 | 12,859 | |
Net Income/ (Loss) for the Year | 2,296 | 74,817 | |
Total Assets | 751,838 | 19,872 | |
Total [Member] | |||
Voyage revenue | 1,113,859 | 793,639 | |
Intersegment voyage revenue | 0 | ||
Voyage expenses | (49,069) | ||
Intersegment voyage expenses | 0 | ||
Vessels’ operating expenses | (269,231) | (179,981) | |
Depreciation | (165,998) | (136,958) | |
Amortization of dry-docking and special survey costs | (13,486) | (10,433) | |
Vessels’ Impairment loss | (1,691) | ||
Gain on sale of vessels, net | 126,336 | 45,894 | |
Interest income | 5,956 | 1,587 | |
Interest and finance costs | (122,233) | (86,047) | |
Income from equity method investments | 2,296 | 12,859 | |
Net Income/ (Loss) for the Year | 554,692 | 435,121 | |
Total Assets | $ 4,896,229 | $ 4,407,041 |
Note 5 - Current Assets Inves_2
Note 5 - Current Assets Investments in Equity Securities / Noncurrent Assets: Debt Securities, Held to Maturity, and Other Non-current Assets (Details Textual) - USD ($) $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||
Jul. 16, 2014 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Mar. 31, 2021 | Jun. 30, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2016 | Dec. 31, 2014 | |
Write-off Deriving from Fair Value Measurement | $ 2,888 | ||||||||||
Amortization of Debt Discount (Premium) | $ 0 | $ (1,280) | $ (933) | ||||||||
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities | 0 | 8,183 | 0 | ||||||||
Investment Income, Dividend | 0 | 1,833 | 0 | ||||||||
Equity Securities, FV-NI, Realized Gain (Loss), Total | 0 | $ 60,161 | 0 | ||||||||
Zim Integrated Services [Member] | The 3.0% Series 1 Notes Due 2023 [Member] | |||||||||||
Investment Stated Interest Rate | 3% | ||||||||||
Zim Integrated Services [Member] | The 5.0% Series 2 Notes Due 2023 [Member] | |||||||||||
Investment Stated Interest Rate | 5% | ||||||||||
Investment Stated Interest Rate, Payable Quarterly | 3% | ||||||||||
Investment Interest Rate, Stated Percentage, Deferred Accrual | 2% | ||||||||||
Equity Securities [Member] | |||||||||||
Held-to-Maturity Securities, Equity Interest Acquired | 1.20% | ||||||||||
Equity Securities, FV-NI | $ 7,802 | ||||||||||
Equity Securities [Member] | Zim Integrated Services [Member] | |||||||||||
Investment Income, Dividend | $ 1,833 | ||||||||||
Investment Owned, Balance, Shares (in shares) | 1,221,800 | ||||||||||
Equity Securities, FV-NI, Realized Gain (Loss), Total | $ 60,161 | ||||||||||
Debt Securities [Member] | |||||||||||
Debt Securities, Held-to-maturity, Total | 8,229 | ||||||||||
Amortization of Debt Discount (Premium) | $ 458 | ||||||||||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Total | 6,774 | ||||||||||
Debt Securities, Held-to-maturity, Allowance for Credit Loss, Ending Balance | $ 245 | $ 245 | 569 | ||||||||
Debt Securities [Member] | Other Nonoperating Income (Expense) [Member] | |||||||||||
Debt Securities, Held-to-maturity, Credit Loss Expense (Reversal) | (324) | $ (1,015) | |||||||||
Debt Securities [Member] | Zim 3.0% Series 1 Notes Due 2023 [Member] | |||||||||||
Debt Securities, Held-to-maturity, Total | 1,452 | 1,012 | $ 1,012 | $ 1,406 | |||||||
Debt Securities, Held-to-maturity, Fair Value, Total | 676 | ||||||||||
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities | $ 394 | $ 46 | |||||||||
Debt Securities [Member] | Zim 5.0% Series 2 Notes Due 2023 [Member] | |||||||||||
Debt Securities, Held-to-maturity, Total | 6,777 | ||||||||||
Debt Securities, Held-to-maturity, Fair Value, Total | $ 3,567 | ||||||||||
Debt Securities [Member] | Zim 3 Percent Series 1 Notes and 5 Percent Series 2 Notes Due 2023 [Member] | |||||||||||
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities | $ 7,789 | ||||||||||
US Treasury Bill Securities [Member] | |||||||||||
Investment Owned, Balance, Principal Amount | 121,000 | ||||||||||
Investment Owned, at Cost | $ 118,927 |
Note 7 - Vessels and Advances_3
Note 7 - Vessels and Advances, Net (Details Textual) $ in Thousands | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2022 | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Number of Vessels Delivered | 43 | 3 | ||
Vessel Held For Sale | $ 55,195 | $ 78,799 | ||
Gain (Loss) on Sale Vessels | 126,336 | 45,894 | $ (79,120) | |
Vessels Impairment Loss | $ 1,691 | 0 | 31,577 | |
Impairment Loss Transferred From Deferred Charges | $ 693 | |||
Number of Vessels Provided as Collaterals to Secure Loans | 99 | |||
Carrying Value of Vessels Provided as Collaterals to Secure Loans | $ 2,765,863 | |||
Number of vessels acquired under SPA | 4 | |||
Number of Unencumbered Vessels | 6 | |||
Vessel Owning Companies of Five Vessels Purchased from York [Member] | ||||
Business Combination, Consideration Transferred, Total | 88,854 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-term Debt | 302,193 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Time Charter Liabilities | $ 589 | |||
Vessel Owning Companies of Five Vessels Purchased from York [Member] | Minimum [Member] | ||||
Business Acquisition, Percentage of Voting Interests Acquired | 51% | |||
Vessel Owning Companies of Five Vessels Purchased from York [Member] | Maximum [Member] | ||||
Business Acquisition, Percentage of Voting Interests Acquired | 75% | |||
Dyros [Member] | ||||
Twenty-foot Equivalent Units Measured on Each Vessel Acquired | 4,578 | |||
Oracle, Libra and Norma [Member] | ||||
Dead Weight Tonnage of Vessels | 172,717 | |||
MSC Athens and MSC Athos [Member] | ||||
Twenty-foot Equivalent Units Measured on Each Vessel Acquired | 8,827 | |||
Leonidio and Kyparissia [Member] | ||||
Twenty-foot Equivalent Units Measured on Each Vessel Acquired | 4,957 | |||
Triton [Member] | ||||
Twenty-foot Equivalent Units Measured on Each Vessel Acquired | 14,424 | |||
Aries, Argus, Glen Canyon, Androusa, Norfolk, Porto Cheli, Porto Kagio, Porto Germeno and Gialova [Member] | ||||
Twenty-foot Equivalent Units Measured on Each Vessel Acquired | 49,909 | |||
YM Target and YM Tiptop [Member] | ||||
Twenty-foot Equivalent Units Measured on Each Vessel Acquired | 25,380 | |||
Builder, Pegasus, Adventure, Eracle, Peace, Sauvan, Pride, Alliance, Manzanillo, Acuity, Seabird, Aeolian, Comity, Athena, Farmer and Greneta [Member] | ||||
Dead Weight Tonnage of Vessels | 850,163 | |||
Number of Vessels Delivered | 16 | |||
Bernis, Verity, Dawn, Discovery, Clara, Serena, Merida, Progress, Miner, Parity, Uruguay, Resource, Konstantinos, Taibo, Thunder, Equity, Cetus (ex. Charm), Curacao, Rose, Bermondi, Titan I, Orion, and More [Member] | ||||
Dead Weight Tonnage of Vessels | 1,388,422 | |||
Number of Vessels Delivered | 27 | |||
Cape Akritas, Cape Tainaro, Cape Artemisio, Cape Kortia and Cape Sounio [Member] | Vessel Owning Companies of Five Vessels Purchased from York [Member] | ||||
Twenty-foot Equivalent Units Measured on Vessel | 55,050 | |||
The 2008-built Vessel [Member] | ||||
Twenty-foot Equivalent Units Measured on Each Vessel Agreed to Acquire | 4,578 | |||
Belstar (tbr. Oracle) and Universal Bremen (tbr. Libra) [Member] | ||||
Dead Weight Tonnage of Vessels Agreed to Acquire | 114,699 | |||
First Four Newbuild Vessels Purchased [Member] | ||||
Twenty-foot Equivalet Units Measured on Each Vessel Agreed to Purchase | 12,690 | |||
Second Four Newbuild Vessels Purchased [Member] | ||||
Twenty-foot Equivalet Units Measured on Each Vessel Agreed to Purchase | 15,000 | |||
Virgo [Member] | ||||
Twenty-foot Equivalent Units Measured on Each Vessel Acquired | 4,258 | |||
JPO Scorpius [Member] | ||||
Twenty-foot Equivalent Units Measured on Each Vessel Acquired | 2,572 | |||
Neokastro [Member] | ||||
Twenty-foot Equivalent Units Measured on Each Vessel Acquired | 4,178 | |||
YM Triumph, YM Truth and YM Totality [Member] | ||||
Twenty-foot Equivalent Units Measured on Each Vessel Acquired | 12,690 | |||
Sealand Washington and Maersk Kalamata [Member] | ||||
Number of Vessels Held for Sale | 3 | |||
Vessel Held For Sale | $ 55,195 | |||
Sealand Illinois, Sealand Michigan, York and Messini [Member] | ||||
Vessel Held For Sale | $ 78,799 | |||
Amount Transferred from Deferred Charges | 3,742 | |||
Thunder, Messini, Sealand Michigan, Sealand Illinois and York [Member] | ||||
Gain (Loss) on Sale Vessels | $ 126,336 | |||
Halifax Express, Prosper, Venetiko, Zim Shanghai and Zim N.York [Member] | ||||
Gain (Loss) on Sale Vessels | $ 45,894 |
Note 7 - Vessels and Advances_4
Note 7 - Vessels and Advances, Net - Summary of Vessels (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Vessel Cost [Member] | ||
Beginning Balance, Vessel Cost | $ 4,687,896 | $ 3,525,967 |
Vessel acquisitions, advances and other vessels’ costs | 249,023 | 1,467,937 |
Vessel sales, transfers and other movements | (140,817) | (306,008) |
Ending Balance, Vessel Cost | 4,796,102 | 4,687,896 |
Accumulated Depreciation [Member] | ||
Beginning Balance, Accumulated Depreciation | (1,037,704) | (1,075,457) |
Depreciation | (162,651) | (129,406) |
Vessel sales, transfers and other movements | 71,114 | 167,159 |
Ending Balance, Accumulated Depreciation | (1,129,241) | (1,037,704) |
Net Book Value [Member] | ||
Beginning Balance, Net Book Value | 3,650,192 | 2,450,510 |
Depreciation | (162,651) | (129,406) |
Vessel acquisitions, advances and other vessels’ costs | 249,023 | 1,467,937 |
Vessel sales, transfers and other movements | (69,703) | (138,849) |
Ending Balance, Net Book Value | $ 3,666,861 | $ 3,650,192 |
Note 8 - Deferred Charges, Ne_2
Note 8 - Deferred Charges, Net (Details Textual) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Number of Vessels Completed DD During Period | 18 | 14 | 11 |
Number of Vessels Survey in Process | 5 | 1 | 0 |
Note 8 - Deferred Charges, Ne_3
Note 8 - Deferred Charges, Net - Schedule of Deferred Charges, Net (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Beginning Balance | $ 31,859 | $ 27,682 |
Additions | 38,330 | 18,882 |
Amortization | (13,486) | (10,433) |
Write-off and other movements (Note 7) | (1,668) | (4,272) |
Ending Balance | $ 55,035 | $ 31,859 |
Note 9 - Costamare Ventures I_2
Note 9 - Costamare Ventures Inc. (Details Textual) | 12 Months Ended |
Dec. 31, 2022 | |
Participation of Company's Wholly Owned Subsidiary | 49% |
Number of Jointly Owned Companies | 5 |
Note 10 - Equity Method Inves_3
Note 10 - Equity Method Investments (Details Textual) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Income (Loss) from Equity Method Investments | $ 2,296 | $ 12,859 | $ 16,195 |
Vessel Owning Companies of Five Vessels Purchased from York [Member] | |||
Number of Asset Acquired | 5 | ||
Asset Acquistion, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total | $ 141,040 | ||
Vessel Owning Companies of Five Vessels Purchased from York [Member] | Minimum [Member] | |||
Asset Acquisition, Percentage of Voting Interests Acquired | 51% | ||
Vessel Owning Companies of Five Vessels Purchased from York [Member] | Maximum [Member] | |||
Asset Acquisition, Percentage of Voting Interests Acquired | 75% | ||
Steadman Maritime Co. [Member] | |||
Proceeds from Dividends Received | $ 1,128 | ||
Steadman Maritime Co., Geyer Maritime Co. and Goodway Maritime Co. [Member] | |||
Proceeds from Dividends Received | $ 15,190 |
Note 10 - Equity Method Inves_4
Note 10 - Equity Method Investments - Companies Accounted for as Equity Method Investments (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Steadman Maritime Co. [Member] | |
Participation percentage | 49% |
Date of establishment | Jul. 01, 2013 |
Geyer Maritime Co. [Member] | |
Participation percentage | 49% |
Date of establishment | May 18, 2015 |
Vessel name or hull name | Arkadia |
Goodway Maritime Co. [Member] | |
Participation percentage | 49% |
Date of establishment | Sep. 22, 2015 |
Vessel name or hull name | Monemvasia |
Platt Maritime Co. [Member] | |
Participation percentage | 49% |
Date of establishment | May 18, 2015 |
Vessel name or hull name | Polar Argentina |
Sykes Maritime Co. [Member] | |
Participation percentage | 49% |
Date of establishment | May 18, 2015 |
Vessel name or hull name | Polar Brasil |
Note 10 - Equity Method Inves_5
Note 10 - Equity Method Investments - Summarized Financial Information on Equity Method Investments (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Current assets | $ 1,014,622 | $ 426,124 | ||
Total assets | 4,896,229 | 4,407,041 | ||
Current liabilities | 423,090 | 370,027 | ||
Non-current liabilities | 2,312,702 | 2,311,115 | ||
Net income | 554,955 | [1] | 435,121 | $ 8,877 |
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | ||||
Current assets | 11,697 | 12,468 | ||
Non-current assets | 91,471 | 92,770 | ||
Total assets | 103,168 | 105,238 | ||
Current liabilities | 7,472 | 6,576 | ||
Non-current liabilities | 52,760 | 58,110 | ||
Total liabilities | 60,232 | 64,686 | ||
Voyage revenue | 23,789 | 43,088 | 96,533 | |
Net income | $ 4,686 | $ 27,617 | $ 39,433 | |
[1]Net income excludes net loss attributable to non-controlling interest of $263 during the year ended December 31, 2022. Temporary equity - non-controlling interest in subsidiary is reflected outside of the permanent stockholders’ equity on the 2022 consolidated balance sheet. See Note 15 of the Notes to the Consolidated Financial Statements. |
Note 11 - Long-term Debt (Detai
Note 11 - Long-term Debt (Details Textual) € in Millions | 1 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dec. 20, 2022 USD ($) | Dec. 19, 2022 USD ($) | Dec. 07, 2022 USD ($) | Dec. 05, 2022 USD ($) | Nov. 22, 2022 USD ($) | Nov. 21, 2022 USD ($) | Nov. 14, 2022 USD ($) | Oct. 13, 2022 USD ($) | Oct. 07, 2022 USD ($) | Sep. 30, 2022 USD ($) | Sep. 14, 2022 USD ($) | Jun. 29, 2022 USD ($) | Jun. 28, 2022 USD ($) | Jun. 23, 2022 USD ($) | Jun. 21, 2022 USD ($) | Jun. 17, 2022 USD ($) | May 11, 2022 USD ($) | Apr. 29, 2022 USD ($) | Apr. 28, 2022 USD ($) | Apr. 11, 2022 USD ($) | Mar. 08, 2022 USD ($) | Feb. 01, 2022 USD ($) | Jan. 31, 2022 USD ($) | Jan. 18, 2022 USD ($) | Jan. 07, 2022 USD ($) | Jan. 05, 2022 USD ($) | Dec. 21, 2021 USD ($) | Nov. 01, 2021 USD ($) | Oct. 25, 2021 USD ($) | Oct. 12, 2021 USD ($) | Aug. 25, 2021 USD ($) | Aug. 12, 2021 USD ($) | Jul. 15, 2021 USD ($) | Jun. 24, 2021 USD ($) | Jun. 10, 2021 USD ($) | Jun. 07, 2021 USD ($) | Jun. 04, 2021 USD ($) | May 21, 2021 USD ($) | Mar. 24, 2021 USD ($) | Jan. 29, 2021 USD ($) | Nov. 11, 2020 USD ($) | Sep. 16, 2020 USD ($) | Sep. 10, 2020 USD ($) | Feb. 18, 2020 USD ($) | Jul. 12, 2019 USD ($) | Dec. 11, 2018 USD ($) | Nov. 30, 2018 USD ($) | Jun. 30, 2022 USD ($) | Jan. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Nov. 30, 2021 USD ($) | Oct. 31, 2021 USD ($) | Sep. 30, 2021 USD ($) | Aug. 31, 2021 USD ($) | Jul. 31, 2021 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2019 USD ($) | Dec. 15, 2022 USD ($) | Dec. 14, 2022 USD ($) | Nov. 17, 2022 USD ($) | Nov. 11, 2022 USD ($) | Sep. 29, 2022 USD ($) | Jul. 01, 2022 USD ($) | May 12, 2022 USD ($) | Apr. 21, 2022 USD ($) | Apr. 05, 2022 USD ($) | Jan. 26, 2022 USD ($) | Dec. 28, 2021 USD ($) | Dec. 24, 2021 USD ($) | Dec. 10, 2021 USD ($) | Sep. 10, 2021 USD ($) | Jul. 27, 2021 USD ($) | Jul. 16, 2021 USD ($) | Jul. 12, 2021 USD ($) | Jul. 09, 2021 USD ($) | Jul. 08, 2021 USD ($) | Jun. 01, 2021 USD ($) | May 25, 2021 EUR (€) | Mar. 29, 2021 USD ($) | Mar. 19, 2021 USD ($) | Mar. 18, 2021 USD ($) | Mar. 16, 2021 USD ($) | Jan. 27, 2021 USD ($) | Dec. 15, 2020 USD ($) | Nov. 10, 2020 USD ($) | Jun. 11, 2020 USD ($) | May 29, 2020 USD ($) | Apr. 24, 2020 USD ($) | Feb. 13, 2020 USD ($) | Jul. 18, 2019 USD ($) | Jun. 28, 2019 USD ($) | Jun. 24, 2019 USD ($) | Jun. 18, 2019 USD ($) | Nov. 27, 2018 USD ($) | Oct. 26, 2018 USD ($) | Jul. 17, 2018 USD ($) | Aug. 03, 2017 USD ($) | Aug. 01, 2017 USD ($) | |
Long-Term Debt, Gross | $ 2,467,321,000 | $ 2,607,534,000 | $ 2,467,321,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Costs Capitalized to Vessels and Advances, Net | 465,000 | $ 3,274,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Expense, Total | 107,205,000 | 72,261,000 | 66,526,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Long-Term Debt, Total | 803,589,000 | 678,930,000 | 803,589,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Expense, Debt, Total | 104,613,000 | 74,017,000 | 65,497,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest and Finance Costs [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Expense, Debt, Total | $ 104,613,000 | 73,552,000 | 62,223,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Minimum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term Loan, Value Maintenance Clauses | 100% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term Loan, Value Maintenance Clauses | 125% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Credit Facility [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 0 | $ 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 24,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Lines of Credit, Total | $ 24,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Lines of Credit | $ 24,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hunting License Facility Agreement to Acquire Bernis, Verity, Dawn, Discovery, Clara, Serena, Parity, Taibo, Thunder, Equity, Curacao and Rose [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 120,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 79,348,000 | 24,387,000 | 79,348,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 12,570,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 30,150,000 | $ 27,600,000 | $ 28,050,000 | $ 34,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Debt | $ 51,885,000 | $ 38,844,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hunting License Facility to Purchase Progress, Merida, Miner, Uruguay, Resource, Konstantinos, Cetus (ex. Charm), Titan I, Bermondi, Orion, Merchia and Damon [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 125,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 103,423,000 | 67,882,000 | 103,423,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 41,926,200 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 13,374,000 | 14,100,000 | $ 33,645,000 | 7,347,000 | $ 32,430,000 | 18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Debt | $ 38,020,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hunting License Facility Agreement for Dry Bulk Vessels [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 150,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hunting License Facility Agreement for Pythias, Egyptian Mike, Phoenix, Belstar (tbr Oracle), Universal Bremen (tbr Libra) [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | $ 0 | 52,361,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 26,807,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | 56,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Five Pre- and Post-delivery Financial Agreements [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Costs Capitalized to Vessels and Advances, Net | 465,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Expense, Total | 17,821,000 | 16,715,000 | 4,191,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Arrangement, Share Purchase Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 32,022,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 77,435,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Expense, Total | 15,329,000 | $ 18,807,000 | $ 28,410,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Arrangements [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Long-Term Debt, Total | $ 678,930,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term Loan and Other Financing Arrangements [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Weighted Average Interest Rate, at Point in Time | 3.30% | 4.90% | 3.30% | 4.10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term Loan and Other Financing Arrangements [Member] | Minimum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate During Period | 2.99% | 1.82% | 2.07% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term Loan and Other Financing Arrangements [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate During Period | 7.47% | 4.80% | 6.34% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | $ 1,550,472,000 | $ 1,821,944,000 | $ 1,550,472,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Venetiko [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Debt | $ 7,395,100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | ZIM Shanghai [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Debt | $ 6,531,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | ZIM New York [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Debt | $ 6,136,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Sealand Illinois [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Debt | $ 6,492,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Nerida Shipping Company Term Loan [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Agreement, Maximum Borrowing Capacity | $ 17,625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 17,625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 9,975,000 | 0 | 9,975,000 | $ 9,075,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement to Partially Finance the Acquisition of Megalopolis and Marathopolis [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 48,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 37,600,000 | 34,400,000 | 37,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement to Partially Finance the Acquisition of Megalopolis and Marathopolis, Tranche A [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 17,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 12,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement to Partially Finance the Acquisition of Megalopolis and Marathopolis, Tranche B [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 17,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 12,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Reddick Shipping Co. and Verandi Shipping Co.Term Loan [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Agreement, Maximum Borrowing Capacity | $ 25,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 14,020,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Costamare Inc. 4 [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 55,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 30,188,000 | 0 | 30,188,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 5,946,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Prepaid Payment on Principal | $ 21,242,000 | $ 10,615,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 5,803,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Costamare Inc. 4 [Member] | Tranche A [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 28,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Costamare Inc. 4 [Member] | Tranche B [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 27,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Bastian Shipping Co and Cadence Shipping Co Loan Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 136,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 98,000,000 | 82,800,000 | 98,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 14,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Adele Shipping Co Loan Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 68,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 54,500,000 | 48,500,000 | 54,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 26,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 68,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Costamare Inc. 5 [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 150,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 123,990,000 | 112,430,000 | 123,990,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Costamare Inc. 5 [Member] | Three Tranches Per Tranche Info [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 37,476,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 963,300 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 26,880,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement to Partially Refinance Term Loan [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 94,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 72,898,000 | 0 | 72,898,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 64,852,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement to Purchase Volans, Vulpecula, Vela and JPO Virgo [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | $ 24,554,000 | $ 24,554,000 | 24,554,000 | 0 | 24,554,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Capetanissa Maritime Corporation et al. [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 56,500,000 | 15,671,000 | 56,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 742,300 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 8,247,800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 8,503,000 | $ 8,264,000 | $ 13,964,000 | $ 3,062,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement to Refinance Costamare Inc. 3 [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 54,400,000 | 6,928,000 | 54,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 265,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 4,277,600 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 6,927,600 | $ 35,885,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Second Loan Agreement to Refinance Costamare Inc. 3 [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 50,105,000 | $ 1,012,000 | $ 4,861,000 | $ 4,878,000 | $ 1,450,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Kelsen Shipping Co. Loan Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 8,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 4,050,000 | 0 | 4,050,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 2,025,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Uriza Shipping Co. Term Loan 2 [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 20,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 17,400,000 | 0 | 17,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 16,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Berg Shipping Co. Loan Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 12,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 11,660,000 | 10,540,000 | 11,660,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 280,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 6,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Reddick Shipping Co. and Verandi Shipping Co Second Term Loan [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 18,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 14,900,000 | 0 | 14,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 11,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Evantone Shipping Co. and Fortrose Shipping Co. Loan Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 23,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 20,750,000 | 17,750,000 | 20,750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Ainsley Maritime Co. and Ambrose Maritime Co. Loan Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 150,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 141,964,000 | 131,250,000 | 141,964,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Ainsley Maritime Co. and Ambrose Maritime Co. Loan Agreement Each Tranche [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 65,625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,339,300 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 21,428,600 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Hyde Maritime Co. and Skerrett Maritime Co. Loan Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 147,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 138,519,000 | 127,212,000 | 138,519,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Hyde Maritime Co. and Skerrett Maritime Co. Loan Agreement, Tranche A [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 63,605,800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,413,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 28,269,200 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Hyde Maritime Co. and Skerrett Maritime Co. Loan Agreement, Tranche B [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 63,605,800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,413,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 28,269,200 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Kemp Maritime Co. Loan Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 70,350,000 | 64,300,000 | 70,350,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 28,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Vernes Shipping Co. Loan Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 12,650,000 | 0 | 12,650,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 12,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement with 11 Companies [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 158,105,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 125,360,000 | 66,974,000 | 125,360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement with 11 Companies, Refinancing Tranche [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 14,974,400 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 989,200 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 1,125,600 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Long-term Debt, Total | 50,105,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement with 11 Companies, Tranche C [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 34,730,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 38,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement with 11 Companies, Tranche A [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 26,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 35,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement with 11 Companies, Tranche B [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 26,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 35,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co. Loan Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 79,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 63,833,000 | 65,043,000 | 63,833,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co. Loan Agreement, Tranche A [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 22,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co. Loan Agreement, Tranche C [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 18,562,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 10,980,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 22,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co. Loan Agreement, Tranche D [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 10,120,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 4,692,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 11,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co. Loan Agreement, Tranche A and B[Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 36,360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 24,120,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Acquisition of Pegasus, Eracle, Peace, Sauvan, Pride, Acuity, Comity and Athena [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 62,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 59,952,000 | 49,095,000 | 59,952,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 17,684,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | 5,963,800 | 7,300,000 | 49,236,300 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Acquisition of Builder, Adventure, Manzanillo, Alliance, Seabird, Aeolian, Farmer and Greneta [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 81,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 80,228,000 | 0 | 80,228,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 62,788,000 | $ 10,220,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | 11,150,000 | $ 13,250,000 | $ 12,480,000 | $ 44,620,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Refinance Term Loans for Equity, Thunder, Rose and Clara [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 43,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 43,480,000 | 0 | 43,480,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | 9,390,000 | $ 19,562,500 | $ 10,645,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Refinance Term Loan for Bernis, Verity, Dawn, Discovery and Parity [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 55,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 47,883,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,547,100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 21,583,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 52,525,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Refinance Term Loan to Vulpecula, Volans, Virgo and Vela and Tranche C of 11 Companies Term Loan [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 85,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 0 | 62,500,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 19,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 85,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Hunting License Loan Agreement with 15 Companies [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 120,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | 10,125,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 10,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Refinance Term Loan for Merida, Bermondi, Titan I and Uruguay [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 40,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 0 | 33,700,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 10,940,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 40,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Refinance Term Loans of 17 Companies [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 0 | 458,952,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 89,523,800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Refinance Term Loan for Reddick Shipping and Verandi Shipping [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 46,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 43,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 46,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Refinance Term Loan for Quentin Shipping and Sander Shipping [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 85,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 42,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,296,900 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 85,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Refinance Term Loan for Greneta Marine Corp, Merle Marine Corp and Gassin Marine Corp [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 6,273,800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Refinance Term Loan for Ten Companies [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 322,830,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Secured Floating Interest Rate Loan Agreement With Thirteen Companies [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 120,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 82,885,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 33,085,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 82,885,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Debt [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | $ 113,260,000 | 106,660,000 | 113,260,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Debt [Member] | The Bond [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | € | € 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 106,660,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Expense, Total | $ 2,866,000 | $ 1,896,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 2.70% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Early Redemption Requirement, Minimum Prepayment by Issuer | € | € 10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Early Redemption Requirement, Minimum Nominal Value of After Prepayment | € | € 50 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Debt [Member] | The Bond [Member] | The Fifth or Sixth Coupon Payment Date [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Redemption, Premium Percentage | 1.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Debt [Member] | The Bond [Member] | The Seventh or Eighth Coupon Payment Date [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Redemption, Premium Percentage | 0.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Debt [Member] | The Bond [Member] | The Ninth Coupon Payment Date [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Redemption, Premium Percentage | 0% |
Note 11 - Long-term Debt - Sche
Note 11 - Long-term Debt - Schedule of Long-term Debt (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Jul. 01, 2022 | Jan. 31, 2022 | Dec. 31, 2021 |
Long-term debt | $ 2,607,534 | $ 2,467,321 | ||
Other financing arrangements | 678,930 | 803,589 | ||
Less: Deferred financing costs | (22,913) | (25,238) | ||
Total long-term debt, net | 2,584,621 | 2,442,083 | ||
Less: Long-term debt current portion | (325,611) | (278,326) | ||
Add: Deferred financing costs, current portion | 5,497 | 5,961 | ||
Total long-term debt, non-current, net | 2,264,507 | 2,169,718 | ||
Revolving Credit Facility [Member] | ||||
Long-term debt | 0 | 0 | ||
Hunting License Facility Agreement to Acquire Bernis, Verity, Dawn, Discovery, Clara, Serena, Parity, Taibo, Thunder, Equity, Curacao and Rose [Member] | ||||
Long-term debt | 24,387 | 79,348 | ||
Hunting License Facility to Purchase Progress, Merida, Miner, Uruguay, Resource, Konstantinos, Cetus (ex. Charm), Titan I, Bermondi, Orion, Merchia and Damon [Member] | ||||
Long-term debt | 67,882 | 103,423 | ||
Hunting License Facility Agreement for Dry Bulk Vessels [Member] | ||||
Long-term debt | 0 | 0 | ||
Hunting License Facility Agreement for Pythias, Egyptian Mike, Phoenix, Belstar (tbr Oracle), Universal Bremen (tbr Libra) [Member] | ||||
Long-term debt | 52,361 | 0 | ||
Loans Payable [Member] | ||||
Long-term debt | 1,821,944 | 1,550,472 | ||
Loans Payable [Member] | Nerida Shipping Company Term Loan [Member] | ||||
Long-term debt | 0 | $ 9,075 | 9,975 | |
Loans Payable [Member] | Loan Agreement to Partially Finance the Acquisition of Megalopolis and Marathopolis [Member] | ||||
Long-term debt | 34,400 | 37,600 | ||
Loans Payable [Member] | Reddick Shipping Co. and Verandi Shipping Co.Term Loan [Member] | ||||
Long-term debt | 0 | 0 | ||
Loans Payable [Member] | Costamare Inc. 4 [Member] | ||||
Long-term debt | 0 | 30,188 | ||
Loans Payable [Member] | Bastian Shipping Co and Cadence Shipping Co Loan Agreement [Member] | ||||
Long-term debt | 82,800 | 98,000 | ||
Loans Payable [Member] | Adele Shipping Co Loan Agreement [Member] | ||||
Long-term debt | 48,500 | 54,500 | ||
Loans Payable [Member] | Costamare Inc. 5 [Member] | ||||
Long-term debt | 112,430 | 123,990 | ||
Loans Payable [Member] | Loan Agreement to Partially Refinance Term Loan [Member] | ||||
Long-term debt | 0 | 72,898 | ||
Loans Payable [Member] | Loan Agreement to Purchase Volans, Vulpecula, Vela and JPO Virgo [Member] | ||||
Long-term debt | 0 | $ 24,554 | 24,554 | |
Loans Payable [Member] | Capetanissa Maritime Corporation et al. [Member] | ||||
Long-term debt | 15,671 | 56,500 | ||
Loans Payable [Member] | Loan Agreement to Refinance Costamare Inc. 3 [Member] | ||||
Long-term debt | 6,928 | 54,400 | ||
Loans Payable [Member] | Second Loan Agreement to Refinance Costamare Inc. 3 [Member] | ||||
Long-term debt | 0 | 0 | ||
Loans Payable [Member] | Kelsen Shipping Co. Loan Agreement [Member] | ||||
Long-term debt | 0 | 4,050 | ||
Loans Payable [Member] | Uriza Shipping Co. Term Loan 2 [Member] | ||||
Long-term debt | 0 | 17,400 | ||
Loans Payable [Member] | Berg Shipping Co. Loan Agreement [Member] | ||||
Long-term debt | 10,540 | 11,660 | ||
Loans Payable [Member] | Reddick Shipping Co. and Verandi Shipping Co Second Term Loan [Member] | ||||
Long-term debt | 0 | 14,900 | ||
Loans Payable [Member] | Evantone Shipping Co. and Fortrose Shipping Co. Loan Agreement [Member] | ||||
Long-term debt | 17,750 | 20,750 | ||
Loans Payable [Member] | Ainsley Maritime Co. and Ambrose Maritime Co. Loan Agreement [Member] | ||||
Long-term debt | 131,250 | 141,964 | ||
Loans Payable [Member] | Hyde Maritime Co. and Skerrett Maritime Co. Loan Agreement [Member] | ||||
Long-term debt | 127,212 | 138,519 | ||
Loans Payable [Member] | Kemp Maritime Co. Loan Agreement [Member] | ||||
Long-term debt | 64,300 | 70,350 | ||
Loans Payable [Member] | Vernes Shipping Co. Loan Agreement [Member] | ||||
Long-term debt | 0 | 12,650 | ||
Loans Payable [Member] | Loan Agreement with 11 Companies [Member] | ||||
Long-term debt | 66,974 | 125,360 | ||
Loans Payable [Member] | Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co. Loan Agreement [Member] | ||||
Long-term debt | 65,043 | 63,833 | ||
Loans Payable [Member] | Acquisition of Pegasus, Eracle, Peace, Sauvan, Pride, Acuity, Comity and Athena [Member] | ||||
Long-term debt | 49,095 | 59,952 | ||
Loans Payable [Member] | Acquisition of Builder, Adventure, Manzanillo, Alliance, Seabird, Aeolian, Farmer and Greneta [Member] | ||||
Long-term debt | 0 | 80,228 | ||
Loans Payable [Member] | Refinance Term Loans for Equity, Thunder, Rose and Clara [Member] | ||||
Long-term debt | 0 | 43,480 | ||
Loans Payable [Member] | Refinance Term Loan for Bernis Marine Corp, et al [Member] | ||||
Long-term debt | 47,884 | 0 | ||
Loans Payable [Member] | Refinance Term Loan to Vulpecula, Volans, Virgo and Vela and Tranche C of 11 Companies Term Loan [Member] | ||||
Long-term debt | 62,500 | 0 | ||
Loans Payable [Member] | Hunting License Loan Agreement with 15 Companies [Member] | ||||
Long-term debt | 0 | 0 | ||
Loans Payable [Member] | Refinance Term Loan for Merida, Bermondi, Titan I and Uruguay [Member] | ||||
Long-term debt | 33,700 | 0 | ||
Loans Payable [Member] | Refinance Term Loans of 17 Companies [Member] | ||||
Long-term debt | 458,952 | 0 | ||
Loans Payable [Member] | Reddick Shipping Co. and Verandi Shipping Co. Third Loan [Member] | ||||
Long-term debt | 43,500 | 0 | ||
Loans Payable [Member] | Quentin Shipping Co. and Sander Shipping Co. 2 [Member] | ||||
Long-term debt | 85,000 | 0 | ||
Loans Payable [Member] | Greneta Marine Corp. et al [Member] | ||||
Long-term debt | 30,000 | 0 | ||
Loans Payable [Member] | Bastian Shipping Co. et al [Member] | ||||
Long-term debt | 0 | 0 | ||
Loans Payable [Member] | Adstone Marine Corp. et al [Member] | ||||
Long-term debt | 82,885 | 0 | ||
Unsecured Debt [Member] | ||||
Long-term debt | $ 106,660 | $ 113,260 |
Note 11 - Long-term Debt - Annu
Note 11 - Long-term Debt - Annual Repayments Under Credit Facilities and Term Loans (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
2023 | $ 325,611 |
2024 | 306,246 |
2025 | 443,699 |
2026 | 486,077 |
2027 | 343,568 |
2028 and thereafter | 702,333 |
Total | $ 2,607,534 |
Note 11 - Long-term Debt - Fina
Note 11 - Long-term Debt - Financing Costs Included in Loan Balances (Details) - USD ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Balance, at beginning of the period | $ 25,716 | $ 14,080 |
Additions | 7,347 | 18,034 |
Amortization and write-off | (10,255) | (6,704) |
Transfers and other movements | 105 | 306 |
Balance, at end of the period | 22,913 | $ 25,716 |
Less: Current portion of financing costs | (5,497) | |
Financing costs, non-current portion | $ 17,416 |
Note 12 - Right-of-Use Assets_3
Note 12 - Right-of-Use Assets and Finance Lease Liabilities (Details Textual) - USD ($) $ in Thousands | 4 Months Ended | 12 Months Ended | |||||||||
Jul. 12, 2019 | Jun. 19, 2017 | Jul. 15, 2016 | Apr. 30, 2014 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Jun. 15, 2022 | Jun. 08, 2022 | Sep. 30, 2020 | May 31, 2019 | |
Sale Leaseback Transaction, Historical Cost | $ 452,564 | ||||||||||
Finance Lease, Right-of-Use Asset, Amortization | $ 3,284 | 7,489 | $ 7,096 | ||||||||
Sale Leaseback Transaction, Accumulated Depreciation | 0 | 35,220 | |||||||||
Sale Leaseback Transaction, Net Book Value, Total | 0 | 191,303 | |||||||||
Finance Lease, Interest Expense | $ 2,109 | $ 4,661 | $ 5,626 | ||||||||
Adele Shipping Co Loan Agreement [Member] | Loans Payable [Member] | |||||||||||
Proceeds from Issuance of Debt | $ 68,000 | ||||||||||
Sale Leaseback Transactions Regarding the Vessels MSC Azov, MSC Ajaccio and MSC Amalfi [Member] | |||||||||||
Sale Leaseback Transaction, Term (Year) | 10 years | ||||||||||
Vessel's sale and leaseback price | $ 85,572 | ||||||||||
Sale Leaseback Transactions Regarding Vessels MSC Athens and MSC Athos [Member] | |||||||||||
Sale Leaseback Transaction, Term (Year) | 7 years | ||||||||||
Sale and Leaseback Transaction, Additional Amount | $ 12,000 | $ 12,000 | |||||||||
Reclassified to Vessels and Advances, Net | $ 152,982 | ||||||||||
Sale Leaseback Transactions Regarding the Vessels Leonidio and Kyparissia [Member] | |||||||||||
Sale Leaseback Transaction, Term (Year) | 7 years | ||||||||||
Reclassified to Vessels and Advances, Net | $ 34,924 |
Note 12 - Right-of-Use Assets_4
Note 12 - Right-of-Use Assets and Finance Lease Liabilities - Finance Lease Obligations (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Finance lease liabilities – current | $ 0 | $ 16,858 |
Less: current portion of financing costs | 0 | (182) |
Finance lease liabilities – non-current | 0 | 99,985 |
Less: non-current portion of financing costs | 0 | (296) |
Total Finance lease liability | $ 0 | $ 116,365 |
Note 13 - Accrued Charter Rev_3
Note 13 - Accrued Charter Revenue, Current and Non-current, Unearned Revenue, Current and Non-current and Time Charter Assumed, Current and Non-current (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||||
Mar. 29, 2021 | Nov. 12, 2018 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Accrued Charter Revenue, Net | $ (20,349) | $ (22,980) | |||
Accrued Charter Revenue, Current | 10,885 | 7,361 | |||
Accrued Charter Revenue, Noncurrent | 11,627 | 8,183 | |||
Amortization of Time Charter Assumed, Liability | 0 | 621 | $ 0 | ||
Amortization of Assumed Time Charter, Asset | 198 | (424) | $ 192 | ||
York [Member] | |||||
Finite-Lived Intangible Assets, Net, Ending Balance | 667 | 865 | |||
Companies Owning Triton, Titan, Talos, Taurus and Theseus [Member] | York [Member] | |||||
Business Acquisition, Percentage of Voting Interests Acquired | 60% | ||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year) | 7 years 4 months 24 days | ||||
Company Owning Cape Artemisio [Member] | York [Member] | |||||
Business Acquisition, Percentage of Voting Interests Acquired | 51% | ||||
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year) | 4 years 3 months 18 days | ||||
Deferred Revenue [Member] | |||||
Accrued Charter Revenue Liability | $ 42,861 | $ 38,524 |
Note 13 - Accrued Charter Rev_4
Note 13 - Accrued Charter Revenue, Current and Non-current, Unearned Revenue, Current and Non-current and Time Charter Assumed, Current and Non-current - Schedule of Accrued Revenue (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
2023 | $ 2,564 |
2024 | (5,887) |
2025 | (12,649) |
2026 | (4,377) |
Total | $ (20,349) |
Note 13 - Accrued Charter Rev_5
Note 13 - Accrued Charter Revenue, Current and Non-current, Unearned Revenue, Current and Non-current and Time Charter Assumed, Current and Non-current - Schedule of Unearned Revenue (Details) - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Unearned Revenue | $ 59,767 | $ 57,697 |
Less current portion | (25,227) | (23,830) |
Non-current portion | 34,540 | 33,867 |
Unearned Revenues Regarding Hires Collected in Advance [Member] | ||
Unearned Revenue | 16,906 | 19,173 |
Unearned Revenues Regarding Charter Revenues Resulting from Varying Charter Rates [Member] | ||
Unearned Revenue | $ 42,861 | $ 38,524 |
Note 14 - Commitments and Con_3
Note 14 - Commitments and Contingencies (Details Textual) | 12 Months Ended |
Dec. 31, 2022 | |
Number of Dry-bulk Vessels with Index-linked Time Charter Rate | 16 |
Number of Dry-bulk Vessels Not Secured Employment | 7 |
Number of Container Vessels Not Secured Employement | 3 |
Container Vessels [Member] | |
Number of Vessels Held for Sale | 2 |
Future Minimum Contractual Charter Revenues Assumptions [Member] | |
Revenue Days Per Annum (Day) | 365 days |
Time Charter Arrangements Remaining Terms Period (Month) | 105 months |
Note 14 - Commitments and Con_4
Note 14 - Commitments and Contingencies - Schedule of Time Charter Arrangements (Details) $ in Thousands | Dec. 31, 2022 USD ($) |
2023 | $ 832,687 |
2024 | 757,998 |
2025 | 651,507 |
2026 | 374,428 |
2027 | 223,638 |
2028 and thereafter | 504,571 |
Total | $ 3,344,829 |
Note 15 - Non-controlling Int_3
Note 15 - Non-controlling Interest (Details Textual) - Costamare Bulkers Holdings Limited (CBHL) [Member] $ in Thousands | 12 Months Ended |
Dec. 31, 2022 USD ($) shares | |
Other Investors [Member] | |
Investment Owned, Balance, Shares (in shares) | shares | 8,108,108 |
Proceeds from Contributions from Parent | $ | $ 3,750 |
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners | 7.50% |
Costamare Bulkers Inc. (“CBI”) [Member] | |
Investment Owned, Balance, Shares (in shares) | shares | 100,000,000 |
Noncontrolling Interest, Ownership Percentage by Parent | 92.50% |
Proceeds from Contributions from Parent | $ | $ 100,000 |
Costamare Bulkers Inc. (“CBI”) [Member] | The Put Notice [Member] | |
Percentage to be Paid on Offered Shares Fair Value | 70% |
Costamare Bulkers Inc. (“CBI”) [Member] | Termination of the Service Contract Without Cause [Member] | |
Percentage to be Paid on Offered Shares Fair Value | 100% |
Note 15 - Non-controlling Int_4
Note 15 - Non-controlling Interest - Redeemable Non-controlling Interest in Subsidiary (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Balance, January 1, 2022 | $ 0 | ||
Initial redeemable non-controlling interest in subsidiary | 3,750 | $ 0 | $ 0 |
Net loss attributable to non-controlling interest | (263) | ||
Balance, December 31, 2022 | $ 3,487 | $ 0 |
Note 16 - Common Stock and Ad_2
Note 16 - Common Stock and Additional Paid-in Capital (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Nov. 30, 2021 | |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.0001 | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares) | 0 | |||
Treasury Stock, Shares, Acquired (in shares) | 4,736,702 | 0 | ||
Treasury Stock, Value, Acquired, Cost Method | $ 60,095 | |||
Common Stock, Shares, Issued (in shares) | 127,038,413 | |||
Common Stock, Shares, Outstanding, Ending Balance (in shares) | 122,301,711 | |||
Dividends, Preferred Stock, Cash | $ 31,068 | $ 31,068 | $ 31,125 | |
Fourth Quarter of 2020 [Member] | ||||
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.10 | |||
Dividends, Common Stock, Cash | $ 9,342 | |||
Common Stock Dividends, Shares (in shares) | 362,866 | |||
First Quarter of 2021 [Member] | ||||
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.10 | |||
Dividends, Common Stock, Cash | $ 9,360 | |||
Common Stock Dividends, Shares (in shares) | 275,457 | |||
Third Quarter of 2021 [Member] | ||||
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.115 | |||
Dividends, Common Stock, Cash | $ 10,738 | |||
Common Stock Dividends, Shares (in shares) | 265,469 | |||
Second Quarter of 2021 [Member] | ||||
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.115 | |||
Dividends, Common Stock, Cash | $ 10,755 | |||
Common Stock Dividends, Shares (in shares) | 322,274 | |||
Fourth Quarter of 2021 [Member] | ||||
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.115 | |||
Dividends, Common Stock, Cash | $ 10,745 | |||
Common Stock Dividends, Shares (in shares) | 274,939 | |||
First Quarter of 2022 [Member] | ||||
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.615 | |||
Dividends, Common Stock, Cash | $ 57,479 | |||
Common Stock Dividends, Shares (in shares) | 1,420,709 | |||
Second Quarter of 2022 [Member] | ||||
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.115 | |||
Dividends, Common Stock, Cash | $ 10,250 | |||
Common Stock Dividends, Shares (in shares) | 330,961 | |||
Third Quarter of 2022 [Member] | ||||
Common Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.115 | |||
Dividends, Common Stock, Cash | $ 10,006 | |||
Common Stock Dividends, Shares (in shares) | 428,300 | |||
Common Stock [Member] | ||||
Stock Issued During Period, Shares, New Issues (in shares) | 3,053,309 | 1,824,466 | 3,027,942 | |
Stock Repurchase Program, Authorized Amount | $ 150,000 | |||
Treasury Stock, Shares, Acquired (in shares) | 0 | |||
Treasury Stock, Value, Acquired, Cost Method | $ 0 | |||
Stock Repurchased and Retired During Period, Shares (in shares) | 0 | |||
Dividends, Preferred Stock, Cash | $ 0 | $ 0 | $ 0 | |
Preferred Stock [Member] | ||||
Stock Repurchase Program, Authorized Amount | $ 150,000 | |||
Stock Repurchased and Retired During Period, Shares (in shares) | 95,574 | |||
Stock Repurchased and Retired During Period, Average Price Per Share (in dollars per share) | $ 17.63 | |||
Common Stock Issued for the Services Agreement [Member] | ||||
Stock Issued During Period, Shares, New Issues (in shares) | 598,400 | 598,400 | ||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.0001 | $ 0.0001 | ||
Common Stock Issued for Dividend Reinvestment Plan [Member] | ||||
Stock Issued During Period, Shares, New Issues (in shares) | 2,454,909 | 1,226,066 | ||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.0001 | $ 0.0001 | ||
Shares Issued, Price Per Share (in dollars per share) | $ 12.3142 | $ 10.3223 | ||
Series B Preferred Stock [Member] | October 15, 2020 to January 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 939 | |||
Series B Preferred Stock [Member] | October 15, 2019 to January 14, 2020 Dividends [Member] | ||||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.476563 | |||
Series B Preferred Stock [Member] | January 15, 2021 to April 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 939 | |||
Series B Preferred Stock [Member] | January 15, 2020 to April 14, 2020 Dividends [Member] | ||||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.476563 | |||
Series B Preferred Stock [Member] | April 15, 2021 to July 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 939 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.476563 | |||
Series B Preferred Stock [Member] | July 15, 2021 to October 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 939 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.476563 | |||
Series B Preferred Stock [Member] | October 15, 2021 to January 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 939 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.476563 | |||
Series B Preferred Stock [Member] | January 15, 2022 to April 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 939 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.476563 | |||
Series B Preferred Stock [Member] | April 15, 2022 to July 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 939 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.476563 | |||
Series B Preferred Stock [Member] | July 15, 2022 to October 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 939 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.476563 | |||
Series B Preferred Stock [Member] | Preferred Stock [Member] | ||||
Stock Issued During Period, Shares, New Issues (in shares) | 0 | 0 | 0 | |
Treasury Stock, Shares, Acquired (in shares) | 0 | |||
Treasury Stock, Value, Acquired, Cost Method | $ 0 | |||
Stock Repurchased and Retired During Period, Shares (in shares) | 29,351 | |||
Dividends, Preferred Stock, Cash | 0 | $ 0 | $ 0 | |
Series C Preferred Stock [Member] | October 15, 2020 to January 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,111 | |||
Series C Preferred Stock [Member] | October 15, 2019 to January 14, 2020 Dividends [Member] | ||||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.531250 | |||
Series C Preferred Stock [Member] | January 15, 2021 to April 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,111 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.531250 | |||
Series C Preferred Stock [Member] | April 15, 2021 to July 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,111 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.531250 | |||
Series C Preferred Stock [Member] | July 15, 2021 to October 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,111 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.531250 | |||
Series C Preferred Stock [Member] | October 15, 2021 to January 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,111 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.531250 | |||
Series C Preferred Stock [Member] | January 15, 2022 to April 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,111 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.531250 | |||
Series C Preferred Stock [Member] | April 15, 2022 to July 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,111 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.531250 | |||
Series C Preferred Stock [Member] | July 15, 2022 to October 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,111 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.531250 | |||
Series C Preferred Stock [Member] | Preferred Stock [Member] | ||||
Stock Issued During Period, Shares, New Issues (in shares) | 0 | 0 | 0 | |
Treasury Stock, Shares, Acquired (in shares) | 0 | |||
Treasury Stock, Value, Acquired, Cost Method | $ 0 | |||
Stock Repurchased and Retired During Period, Shares (in shares) | 26,865 | |||
Dividends, Preferred Stock, Cash | 0 | $ 0 | $ 0 | |
Series D Preferred Stock [Member] | October 15, 2020 to January 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,180 | |||
Series D Preferred Stock [Member] | October 15, 2019 to January 14, 2020 Dividends [Member] | ||||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.546875 | |||
Series D Preferred Stock [Member] | January 15, 2021 to April 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,180 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.546875 | |||
Series D Preferred Stock [Member] | April 15, 2021 to July 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,180 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.546875 | |||
Series D Preferred Stock [Member] | July 15, 2021 to October 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,180 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.546875 | |||
Series D Preferred Stock [Member] | October 15, 2021 to January 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,180 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.546875 | |||
Series D Preferred Stock [Member] | January 15, 2022 to April 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,180 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.546875 | |||
Series D Preferred Stock [Member] | April 15, 2022 to July 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,180 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.546875 | |||
Series D Preferred Stock [Member] | July 15, 2022 to October 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,180 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.546875 | |||
Series D Preferred Stock [Member] | Preferred Stock [Member] | ||||
Stock Issued During Period, Shares, New Issues (in shares) | 0 | 0 | 0 | |
Treasury Stock, Shares, Acquired (in shares) | 0 | |||
Treasury Stock, Value, Acquired, Cost Method | $ 0 | |||
Stock Repurchased and Retired During Period, Shares (in shares) | 13,458 | |||
Dividends, Preferred Stock, Cash | 0 | $ 0 | $ 0 | |
Series E Preferred Stock [Member] | October 15, 2020 to January 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,537 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.554688 | |||
Series E Preferred Stock [Member] | January 15, 2021 to April 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,537 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.554688 | |||
Series E Preferred Stock [Member] | April 15, 2021 to July 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,537 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.554688 | |||
Series E Preferred Stock [Member] | July 15, 2021 to October 14, 2021 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,537 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.554688 | |||
Series E Preferred Stock [Member] | October 15, 2021 to January 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,537 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.554688 | |||
Series E Preferred Stock [Member] | January 15, 2022 to April 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,537 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.554688 | |||
Series E Preferred Stock [Member] | April 15, 2022 to July 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,537 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.554688 | |||
Series E Preferred Stock [Member] | July 15, 2022 to October 14, 2022 Dividends [Member] | ||||
Dividends, Preferred Stock, Cash | $ 2,537 | |||
Preferred Stock, Dividends, Per Share, Cash Paid (in dollars per share) | $ 0.554688 | |||
Series E Preferred Stock [Member] | Preferred Stock [Member] | ||||
Stock Issued During Period, Shares, New Issues (in shares) | 0 | 0 | 0 | |
Treasury Stock, Shares, Acquired (in shares) | 0 | |||
Treasury Stock, Value, Acquired, Cost Method | $ 0 | |||
Stock Repurchased and Retired During Period, Shares (in shares) | 25,900 | |||
Dividends, Preferred Stock, Cash | $ 0 | $ 0 | $ 0 |
Note 17 - Earnings Per Share (D
Note 17 - Earnings Per Share (Details Textual) - USD ($) | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Dividends, Preferred Stock, Total | $ 31,068 | $ 31,068 | $ 31,082 |
Note 17 - Earnings Per Share -
Note 17 - Earnings Per Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Net income: | $ 554,692 | $ 435,121 | $ 8,877 | |
Net loss attributable to non-controlling interest | 263 | 0 | 0 | |
Net income attributable to Costamare Inc. | 554,955 | [1] | 435,121 | 8,877 |
Less: paid and accrued earnings allocated to Preferred Stock | (31,068) | (31,068) | (31,082) | |
Gain on retirement of Preferred Stock (Note 17) | 0 | 0 | 619 | |
Net income / (loss) available to common stockholders | $ 523,887 | $ 404,053 | $ (21,586) | |
Weighted average number of common shares, basic and diluted (in shares) | 122,964,358 | 123,070,730 | 120,696,130 | |
Earnings / (losses) per common share, basic and diluted (in dollars per share) | $ 4.26 | $ 3.28 | $ (0.18) | |
[1]Net income excludes net loss attributable to non-controlling interest of $263 during the year ended December 31, 2022. Temporary equity - non-controlling interest in subsidiary is reflected outside of the permanent stockholders’ equity on the 2022 consolidated balance sheet. See Note 15 of the Notes to the Consolidated Financial Statements. |
Note 18 - Interest and Financ_3
Note 18 - Interest and Finance Costs - Schedule of Income Statement Related Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Interest expense | $ 107,205 | $ 72,261 | $ 66,526 |
Interest capitalized | 0 | (465) | (3,274) |
Derivatives’ effect | (483) | 6,417 | 1,323 |
Amortization and write-off of financing costs | 10,255 | 6,520 | 3,645 |
Amortization of excluded component related to cash flow hedges | 1,286 | 0 | 0 |
Bank charges and other financing costs | 3,970 | 1,314 | 482 |
Total | $ 122,233 | $ 86,047 | $ 68,702 |
Note 19 - Taxes (Details Textua
Note 19 - Taxes (Details Textual) | 12 Months Ended |
Dec. 31, 2022 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 50% |
US Related Gross Transportation Income That Tax Applies | 4% |
Note 20 - Derivatives (Details
Note 20 - Derivatives (Details Textual) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
Number of Foreign Currency Derivatives Held | 36 | 6 | |
Foreign Currency Fair Value Hedge Derivative at Fair Value, Net, Total | $ 108,600 | $ 15,000 | |
Derivative, Average Forward Exchange Rate | 1.0690 | 1.1668 | |
Gain (Loss) on Foreign Currency Fair Value Hedge Derivatives | $ 2,784 | $ (866) | $ 337 |
Foreign Currency Fair Value Hedge Liability at Fair Value | 406 | ||
Foreign Currency Fair Value Hedge Asset at Fair Value | $ 2,379 | ||
Costamare Bulkers Inc. (“CBI”) [Member] | |||
Number of Foreign Currency Derivatives Held | 8 | ||
Foreign Currency Fair Value Hedge Derivative at Fair Value, Net, Total | $ 7,336 | ||
Derivative, Average Forward Exchange Rate | 1.3411 | ||
Designated as Hedging Instrument [Member] | |||
Derivative, Notional Amount | $ 1,094,930 | 569,177 | |
Interest Rate Fair Value Hedge Liability at Fair Value | 10,882 | ||
Interest Rate Fair Value Hedge Asset at Fair Value | $ 44,918 | ||
Interest Rate Cap, Three Month LIBOR Exceeds 1.50 Percent [Member] | Designated as Hedging Instrument [Member] | |||
Number of Interest Rate Derivatives Held | 8 | ||
Derivative, Notional Amount | $ 54,784 | ||
Interest Rate Cap Three-month LIBOR or SOFR Exceeds 3.00% [Member] | Designated as Hedging Instrument [Member] | |||
Number of Interest Rate Derivatives Held | 12 | ||
Derivative, Notional Amount | $ 562,285 | ||
Interest Rate Cap [Member] | Designated as Hedging Instrument [Member] | |||
Derivative, Premium Paid | 12,948 | ||
Interest Rate Cash Flow Hedge Asset at Fair Value | 24,939 | ||
Two Interest Rate Swap Agreements [Member] | Designated as Hedging Instrument [Member] | |||
Derivative, Notional Amount | 85,000 | ||
Three Interest Rate Swap Agreements [Member] | Designated as Hedging Instrument [Member] | |||
Derivative, Notional Amount | $ 225,000 | ||
Cross Currency Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | |||
Derivative, Notional Amount | $ 122,375 | ||
Derivative, Number of Instruments Held, Total | 2 | ||
Interest Rate Swap, Cross-currency Rate Swap and Interest Rate Cap [Member] | Designated as Hedging Instrument [Member] | |||
Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net | $ 22,729 | ||
Forward Freight Agreements (“FFAs”) [Member] | |||
Derivative, Number of Instruments Held, Total | 6 | ||
Bunker Swap Agreements [Member] | |||
Derivative, Number of Instruments Held, Total | 1 | ||
Forward Freight Agreements (“FFAs”) and Bunker Swap Agreements [Member] | |||
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value | $ 96 |
Note 20 - Derivatives - Cross C
Note 20 - Derivatives - Cross Currency Swaps (Details) $ in Thousands, € in Millions | Dec. 31, 2022 USD ($) | Dec. 31, 2022 EUR (€) |
Fair value | $ (15,898) | |
Cross Currency Interest Rate Contract, Euro, Effective 21/5/2021 [Member] | ||
Notional amount | € | € 50 | |
Fixed rate | 2.70% | 2.70% |
Cross Currency Interest Rate Contract, Effective 21/5/2021 [Member] | ||
Notional amount | $ 61,175 | |
Fixed rate | 4.10% | 4.10% |
Fair value | $ (7,906) | |
Derivative Cross Currency Interest Rate Contract, Euro, Effective 25/5/2021 [Member] | ||
Notional amount | € | € 50 | |
Fixed rate | 2.70% | 2.70% |
Cross Currency Interest Rate Contract, Effective 25/5/2021 [Member] | ||
Notional amount | $ 61,200 | |
Fixed rate | 4.05% | 4.05% |
Fair value | $ (7,992) |
Note 20 - Derivatives - Effect
Note 20 - Derivatives - Effect of Derivative Instruments (Details) - USD ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
Interest rate swaps, cross-currency swaps, and interest rate caps (included component) | $ 49,137 | $ 382 | $ (8,129) | |
Reclassification to Interest and finance costs | 2,702 | (6,417) | (1,323) | |
Reclassification of amount excluded from the interest rate caps assessment of hedge effectiveness based on an amortization approach to Interest and finance costs | 1,286 | 0 | 0 | |
Amounts reclassified from Net settlements on interest rate swaps qualifying for hedge accounting to Depreciation | 63 | 63 | 63 | |
Total | 48,652 | 5,726 | (6,743) | |
Cash Flow Hedging [Member] | ||||
Reclassification to Interest and finance costs | (483) | 6,417 | 1,323 | |
Total | 48,652 | 5,726 | (6,743) | |
Interest Rate Swap and Cross Currency Swap [Member] | Cash Flow Hedging [Member] | ||||
Interest rate swaps, cross-currency swaps, and interest rate caps (included component) | 36,591 | (754) | (8,129) | |
Interest Rate Cap [Member] | Cash Flow Hedging [Member] | ||||
Interest rate swaps, cross-currency swaps, and interest rate caps (included component) | 4,495 | 0 | 0 | |
Interest rate caps (excluded component) (1) | [1] | 6,700 | 0 | 0 |
Reclassification of amount excluded from the interest rate caps assessment of hedge effectiveness based on an amortization approach to Interest and finance costs | 1,286 | 0 | 0 | |
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | ||||
Amounts reclassified from Net settlements on interest rate swaps qualifying for hedge accounting to Depreciation | $ 63 | $ 63 | $ 63 | |
[1]Excluded component represents interest rate caps instruments time value. |
Note 20 - Derivatives - Derivat
Note 20 - Derivatives - Derivatives Not Designated as Hedging Instruments and Ineffectiveness of Hedging Instruments (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Gain / (loss) on derivative instruments, net (Note 20) | $ 2,698 | $ (1,246) | $ (1,946) |
Interest Rate Swap [Member] | |||
Gain / (loss) on derivative instruments, net (Note 20) | (182) | (380) | (2,283) |
Forward Freight Agreements [Member] | |||
Gain / (loss) on derivative instruments, net (Note 20) | 108 | 0 | 0 |
Bunker Swap Agreements [Member] | |||
Gain / (loss) on derivative instruments, net (Note 20) | (12) | 0 | 0 |
Foreign Exchange Forward [Member] | |||
Gain / (loss) on derivative instruments, net (Note 20) | $ 2,784 | $ (866) | $ 337 |
Note 21 - Financial Instrumen_3
Note 21 - Financial Instruments (Details Textual) $ in Thousands | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) |
Derivative Assets (Liabilities), at Fair Value, Net, Total | $ 44,918 | $ (10,882) | |
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value | 406 | ||
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value | 2,475 | ||
The Bond [Member] | Unsecured Debt [Member] | |||
Long-Term Debt, Fair Value | $ 102,394 | 113,260 | |
Fair Value, Inputs, Level 2 [Member] | Fair Value, Nonrecurring [Member] | |||
Number of Vessels | 4 | 5 | |
Fair Value of Vessels at Reporting Period | $ 1,691 | $ 30,500 | |
Fair Value, Inputs, Level 2 [Member] | Note 11.B [Member] | |||
Debt Instrument, Fair Value Disclosure, Total | 600,416 | 789,687 | |
Fair Value, Inputs, Level 2 [Member] | Note 11.A.19 [Member] | |||
Debt Instrument, Fair Value Disclosure, Total | $ 116,311 | $ 137,926 |
Note 21 - Financial Instrumen_4
Note 21 - Financial Instruments - Fair Value of Assets and Liabilities (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Total | $ (11,288) | |
Total | $ 47,393 | |
Fair Value, Inputs, Level 1 [Member] | ||
Total | 0 | |
Total | 0 | |
Fair Value, Inputs, Level 2 [Member] | ||
Total | (11,288) | |
Total | 47,393 | |
Fair Value, Inputs, Level 3 [Member] | ||
Total | 0 | |
Total | 0 | |
Foreign Exchange Forward [Member] | ||
Interest rate -liability position | (406) | |
Interest rate -asset position | 2,379 | |
Foreign Exchange Forward [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Interest rate -liability position | 0 | |
Interest rate -asset position | 0 | |
Foreign Exchange Forward [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Interest rate -liability position | (406) | |
Interest rate -asset position | 2,379 | |
Foreign Exchange Forward [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Interest rate -liability position | 0 | |
Interest rate -asset position | 0 | |
Interest Rate Swap [Member] | ||
Interest rate -liability position | (4,145) | |
Interest rate -asset position | 35,877 | 3,429 |
Interest Rate Swap [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Interest rate -liability position | 0 | |
Interest rate -asset position | 0 | 0 |
Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Interest rate -liability position | (4,145) | |
Interest rate -asset position | 35,877 | 3,429 |
Interest Rate Swap [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Interest rate -liability position | 0 | |
Interest rate -asset position | 0 | 0 |
Forward Freight Agreements [Member] | ||
Interest rate -asset position | 108 | |
Forward Freight Agreements [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Interest rate -asset position | 0 | |
Forward Freight Agreements [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Interest rate -asset position | 108 | |
Forward Freight Agreements [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Interest rate -asset position | 0 | |
Bunker Swap Agreements [Member] | ||
Interest rate -liability position | (12) | |
Bunker Swap Agreements [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Interest rate -liability position | 0 | |
Bunker Swap Agreements [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Interest rate -liability position | (12) | |
Bunker Swap Agreements [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Interest rate -liability position | 0 | |
Cross Currency Interest Rate Contract [Member] | ||
Interest rate -liability position | (15,898) | (10,166) |
Cross Currency Interest Rate Contract [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Interest rate -liability position | 0 | 0 |
Cross Currency Interest Rate Contract [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Interest rate -liability position | (15,898) | (10,166) |
Cross Currency Interest Rate Contract [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Interest rate -liability position | 0 | $ 0 |
Interest Rate Cap [Member] | ||
Interest rate -asset position | 24,939 | |
Interest Rate Cap [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Interest rate -asset position | 0 | |
Interest Rate Cap [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Interest rate -asset position | 24,939 | |
Interest Rate Cap [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Interest rate -asset position | $ 0 |
Note 22 - Comprehensive Income
Note 22 - Comprehensive Income (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Other Comprehensive Income (Loss), Net of Tax, Total | $ 48,652 | $ 5,726 | $ (6,743) |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax | 49,137 | 382 | (8,129) |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax | (2,702) | 6,417 | 1,323 |
Amounts Reclassified From Net Settlements on Interest Rate Swaps Qualifying for Hedge Accounting to Depreciation | (63) | (63) | (63) |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net, Total | 868 | (1,136) | 0 |
Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), Adjustments, after Tax | $ (1,286) | $ 0 | $ 0 |
Note 23 - Subsequent Events (De
Note 23 - Subsequent Events (Details Textual) $ / shares in Units, $ in Thousands | 1 Months Ended | ||||||
Jan. 11, 2023 USD ($) | Jan. 09, 2023 USD ($) | Jan. 04, 2023 USD ($) | Jan. 02, 2023 $ / shares | Mar. 31, 2023 USD ($) | Dec. 31, 2022 | Dec. 31, 2021 | |
Number of Container Vessels | 69 | 72 | |||||
Number of Dry-bulk Vessels | 45 | 43 | |||||
Subsequent Event [Member] | Neptune [Member] | |||||||
Investments, Ownership Percentage | 75% | ||||||
Investment, Agreed Amount | $ | $ 200,000 | ||||||
Number of Container Vessels | 1 | ||||||
Number of Dry-bulk Vessels | 3 | ||||||
Subsequent Event [Member] | Loans Payable [Member] | Bastian Shipping Co., Cadence Shipping Co., Evantone Shipping Co. And Fortrose Shipping Co. [Member] | |||||||
Proceeds from Issuance of Long-term Debt, Total | $ | $ 130,180 | ||||||
Subsequent Event [Member] | Loans Payable [Member] | Adele Shipping Co., Tatum Shipping Co. And Singleton Shipping Co. [Member] | |||||||
Proceeds from Issuance of Long-term Debt, Total | $ | $ 82,700 | ||||||
Subsequent Event [Member] | Loans Payable [Member] | Raymond Shipping Co., Terance Shipping Co. and Undine Shipping Co. Term Loans [Member] | |||||||
Proceeds from Issuance of Long-term Debt, Total | $ | $ 109,950 | ||||||
Subsequent Event [Member] | Series B Preferred Stock [Member] | |||||||
Dividends Payable, Amount Per Share (in dollars per share) | $ 0.476563 | ||||||
Dividends Payable, Date Declared | Jan. 02, 2023 | ||||||
Dividends Payable, Date to be Paid | Jan. 17, 2023 | ||||||
Dividends Payable, Date of Record | Jan. 13, 2023 | ||||||
Subsequent Event [Member] | Series C Preferred Stock [Member] | |||||||
Dividends Payable, Amount Per Share (in dollars per share) | $ 0.531250 | ||||||
Dividends Payable, Date Declared | Jan. 02, 2023 | ||||||
Dividends Payable, Date to be Paid | Jan. 17, 2023 | ||||||
Dividends Payable, Date of Record | Jan. 13, 2023 | ||||||
Subsequent Event [Member] | Series D Preferred Stock [Member] | |||||||
Dividends Payable, Amount Per Share (in dollars per share) | $ 0.546875 | ||||||
Dividends Payable, Date Declared | Jan. 02, 2023 | ||||||
Dividends Payable, Date to be Paid | Jan. 17, 2023 | ||||||
Dividends Payable, Date of Record | Jan. 13, 2023 | ||||||
Subsequent Event [Member] | Series E Preferred Stock [Member] | |||||||
Dividends Payable, Amount Per Share (in dollars per share) | $ 0.554688 | ||||||
Dividends Payable, Date Declared | Jan. 02, 2023 | ||||||
Dividends Payable, Date to be Paid | Jan. 17, 2023 | ||||||
Dividends Payable, Date of Record | Jan. 13, 2023 | ||||||
Subsequent Event [Member] | Common Stock [Member] | |||||||
Dividends Payable, Amount Per Share (in dollars per share) | $ 0.115 | ||||||
Dividends Payable, Date Declared | Jan. 02, 2023 | ||||||
Dividends Payable, Date to be Paid | Feb. 07, 2023 | ||||||
Dividends Payable, Date of Record | Jan. 20, 2023 |