Document And Entity Information
Document And Entity Information | 6 Months Ended |
Jun. 30, 2022 | |
Document Information [Line Items] | |
Entity Registrant Name | COSTAMARE INC. |
Document, Type | 6-K |
Document, Period End Date | Jun. 30, 2022 |
Current Fiscal Year End Date | --12-31 |
Entity, File Number | 001-34934 |
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 |
Amendment Flag | false |
Entity Central Index Key | 0001503584 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Cash and cash equivalents (Note 1) | $ 601,163 | $ 276,002 |
Restricted cash (Note 1) | 11,420 | 8,856 |
Accounts receivable, net (Note 3) | 26,669 | 20,978 |
Inventories (Note 6) | 23,669 | 21,365 |
Due from related parties (Note 3) | 1,341 | 0 |
Fair value of derivatives (Notes 19 and 20) | 9,207 | 0 |
Insurance claims receivable | 5,436 | 3,970 |
Time charter assumed (Note 13) | 199 | 198 |
Accrued charter revenue (Note 13) | 7,524 | 7,361 |
Short-term investments (Note 5) | 9,963 | 0 |
Prepayments and other assets | 10,161 | 8,595 |
Vessels held for sale (Note 7) | 129,301 | 78,799 |
Total current assets | 836,053 | 426,124 |
FIXED ASSETS, NET: | ||
Right-of-use assets (Note 12) | 0 | 191,303 |
Vessels and advances, net (Note 7) | 3,743,956 | 3,650,192 |
Total fixed assets, net | 3,743,956 | 3,841,495 |
OTHER NON-CURRENT ASSETS: | ||
Equity method investments (Notes 2 and 10) | 19,520 | 19,872 |
Accounts receivable, net, non-current (Note 3) | 5,251 | 5,076 |
Deferred charges, net (Note 8) | 45,938 | 31,859 |
Restricted cash, non-current (Note 1) | 75,386 | 68,670 |
Time charter assumed, non-current (Note 13) | 568 | 667 |
Accrued charter revenue, non-current (Note 13) | 7,144 | 8,183 |
Fair value of derivatives, non-current (Notes 19 and 20) | 25,794 | 3,429 |
Other non-current assets (Note 5) | 0 | 1,666 |
Total assets | 4,759,610 | 4,407,041 |
CURRENT LIABILITIES: | ||
Current portion of long-term debt, net of deferred financing costs (Note 11) | 373,750 | 272,365 |
Accounts payable | 18,795 | 18,865 |
Due to related parties (Note 3) | 937 | 1,694 |
Finance lease liabilities, net (Note 12) | 0 | 16,676 |
Accrued liabilities | 49,758 | 27,304 |
Unearned revenue (Note 13) | 26,040 | 23,830 |
Fair value of derivatives (Notes 19 and 20) | 3,557 | 6,876 |
Other current liabilities | 2,668 | 2,417 |
Total current liabilities | 475,505 | 370,027 |
NON-CURRENT LIABILITIES: | ||
Long-term debt, net of current portion and deferred financing costs (Note 11) | 2,366,391 | 2,169,718 |
Finance lease liabilities, net of current portion (Note 12) | 0 | 99,689 |
Fair value of derivatives, non-current portion (Notes 19 and 20) | 15,153 | 7,841 |
Unearned revenue, net of current portion (Note 13) | 34,578 | 33,867 |
Total non-current liabilities | 2,416,122 | 2,311,115 |
COMMITMENTS AND CONTINGENCIES (Note 14) | 0 | 0 |
STOCKHOLDERS’ EQUITY: | ||
Preferred stock (Note 15) | 0 | 0 |
Common stock (Note 15) | 12 | 12 |
Treasury stock (Note 15) | (52,356) | 0 |
Additional paid-in capital (Note 15) | 1,413,542 | 1,386,636 |
Retained earnings | 480,202 | 341,482 |
Accumulated other comprehensive income / (loss) (Notes 19 and 21) | 26,583 | (2,231) |
Total stockholders’ equity | 1,867,983 | 1,725,899 |
Total liabilities and stockholders’ equity | $ 4,759,610 | $ 4,407,041 |
Unaudited Condensed Consolidate
Unaudited Condensed Consolidated Statements of Operations - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
REVENUES: | ||
Voyage revenue | $ 558,937 | $ 293,495 |
EXPENSES: | ||
Voyage expenses | (19,833) | (3,071) |
Voyage expenses-related parties (Note 3) | (7,740) | (4,301) |
Vessels’ operating expenses | (133,351) | (69,600) |
General and administrative expenses | (5,386) | (2,459) |
General and administrative expenses – related parties (Note 3) | (5,699) | (4,457) |
Management fees-related parties (Note 3) | (21,892) | (11,786) |
Amortization of dry-docking and special survey costs (Note 8) | (5,646) | (4,847) |
Depreciation (Notes 7, 12 and 21) | (82,476) | (58,726) |
Gain on sale of vessels, net (Note 7) | 21,250 | 1,406 |
Foreign exchange gains | 387 | 146 |
Operating income | 298,551 | 135,800 |
OTHER INCOME / (EXPENSES): | ||
Interest income | 138 | 1,489 |
Interest and finance costs (Note 17) | (55,211) | (36,548) |
Income from equity method investments (Note 10) | 776 | 4,951 |
Fair value measurement of equity securities (Note 5) | 0 | 51,094 |
Other, net | 1,680 | 2,983 |
Loss on derivative instruments, net (Note 19) | (910) | (1,012) |
Total other income / (expenses), net | (53,527) | 22,957 |
Net Income | 245,024 | 158,757 |
Earnings allocated to Preferred Stock (Note 16) | (15,448) | (15,448) |
Net income available to Common Stockholders | $ 229,576 | $ 143,309 |
Earnings per common share, basic and diluted (Note 16) (in dollars per share) | $ 1.85 | $ 1.17 |
Weighted average number of shares, basic and diluted (Note 16) (in shares) | 124,228,628 | 122,615,427 |
Unaudited Condensed Consolida_2
Unaudited Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Net income for the period | $ 245,024 | $ 158,757 |
Other comprehensive income: | ||
Unrealized gain on cash flow hedges, net (Notes 5, 19 and 21) | 26,811 | 17 |
Effective portion of changes in fair value of cash flow hedges (Notes 19 and 21) | 1,972 | (996) |
Amounts reclassified from Net settlements on interest rate swaps qualifying for hedge accounting to Depreciation (Note 21) | 31 | 31 |
Other comprehensive income/ (loss) for the period | 28,814 | (948) |
Total comprehensive income for the period | $ 273,838 | $ 157,809 |
Unaudited Condensed Consolida_3
Unaudited Condensed Consolidated Statements of Stockholders' Equity - USD ($) $ in Thousands | 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] | 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, 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 | 158,757 | 158,757 |
- Issuance of common stock (Notes 3 and 15) (in shares) | 0 | 0 | 0 | 0 | 937,523 | 0 | ||||
- Issuance of common stock (Notes 3 and 15) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | 8,987 | 0 | 0 | 8,987 |
- Dividends – Common stock (Note 15) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (24,483) | (24,483) |
- Dividends – Preferred stock (Note 15) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (15,534) | (15,534) |
- Gain from common control transaction (Note 3) | 0 | 0 | 0 | 0 | 0 | 0 | 86 | 0 | 0 | 86 |
- Other comprehensive income (loss) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | 0 | (948) | 0 | (948) |
Balance (in shares) at Jun. 30, 2021 | 4,574,100 | 3,986,542 | 3,973,135 | 1,970,649 | 123,098,161 | 0 | ||||
Balance at Jun. 30, 2021 | $ 0 | $ 0 | $ 0 | $ 0 | $ 12 | $ 0 | 1,370,800 | (8,905) | 109,019 | 1,475,685 |
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 |
- Repurchase of common stock (Note 15) (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 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | 0 | 0 | 245,024 | 245,024 |
- Issuance of common stock (Notes 3 and 15) (in shares) | 0 | 0 | 0 | 0 | 1,994,848 | 0 | ||||
- Issuance of common stock (Notes 3 and 15) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | 26,906 | 0 | 0 | 26,906 |
- Dividends – Common stock (Note 15) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (90,770) | (90,770) |
- Dividends – Preferred stock (Note 15) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (15,534) | (15,534) |
- Other comprehensive income (loss) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | 0 | 28,814 | 0 | $ 28,814 |
- Repurchase of common stock (Note 15) (in shares) | 0 | 0 | 0 | 0 | 0 | (4,089,409) | (4,089,409) | |||
- Repurchase of common stock (Note 15) | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ (52,356) | 0 | 0 | 0 | $ (52,356) |
Balance (in shares) at Jun. 30, 2022 | 4,574,100 | 3,986,542 | 3,973,135 | 1,970,649 | 125,979,952 | (4,089,409) | ||||
Balance at Jun. 30, 2022 | $ 0 | $ 0 | $ 0 | $ 0 | $ 12 | $ (52,356) | $ 1,413,542 | $ 26,583 | $ 480,202 | $ 1,867,983 |
Unaudited Condensed Consolida_4
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Cash Flows From Operating Activities: | ||
Net income: | $ 245,024 | $ 158,757 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||
Depreciation | 82,476 | 58,726 |
Credit loss provision | 0 | (324) |
Amortization of debt discount | 0 | (1,280) |
Amortization and write-off of financing costs | 5,616 | 2,498 |
Amortization of deferred dry-docking and special survey costs | 5,646 | 4,847 |
Amortization of assumed time charter | 98 | (345) |
Amortization of hedge reserve cost | 54 | 0 |
Equity based payments | 4,360 | 3,207 |
Fair value measurement of equity securities | 0 | (51,094) |
Loss on derivative instruments, net | 910 | 1,012 |
Gain on sale of vessels, net | (21,250) | (1,406) |
Income from equity method investments | (776) | (4,951) |
Changes in operating assets and liabilities: | ||
Accounts receivable | (5,866) | 2,837 |
Due from related parties | (1,341) | 3,014 |
Inventories | (2,304) | (2,461) |
Insurance claims receivable | (2,170) | (709) |
Prepayments and other | 100 | 3,452 |
Accounts payable | (70) | 5,134 |
Due to related parties | (757) | 1,335 |
Accrued liabilities | 21,900 | 5,240 |
Unearned revenue | (1,274) | (1,307) |
Other current liabilities | 251 | (681) |
Dividend from equity method investees | 1,114 | 0 |
Dry-dockings | (21,393) | (12,456) |
Accrued charter revenue | 5,069 | 2,146 |
Net Cash provided by Operating Activities | 315,417 | 175,191 |
Cash Flows From Investing Activities: | ||
Return of capital from equity method investments | 14 | 0 |
Purchase of short-term investments, net | (9,929) | 0 |
Debt securities capital redemption | 0 | 8,183 |
Proceeds from the settlement of insurance claims | 704 | 808 |
Cash acquired through asset acquisition | 0 | 43,684 |
Vessel acquisition (and time charters) and advances/Additions to vessel cost | (53,163) | (350,893) |
Proceeds from the sale of vessels, net | 40,480 | 16,759 |
Net Cash used in Investing Activities | (21,894) | (281,459) |
Cash Flows From Financing Activities: | ||
Proceeds from long-term debt and finance leases | 770,399 | 765,395 |
Repayment of long-term debt and finance leases | (578,994) | (455,966) |
Payment of financing costs | (14,373) | (11,890) |
Repurchase of common stock | (52,356) | 0 |
Dividends paid | (83,758) | (34,236) |
Net Cash provided by Financing Activities | 40,918 | 263,303 |
Net increase in cash, cash equivalents and restricted cash | 334,441 | 157,035 |
Cash, cash equivalents and restricted cash at beginning of the period | 353,528 | 191,896 |
Cash, cash equivalents and restricted cash at end of the period | 687,969 | 348,931 |
Supplemental Cash Information: | ||
Cash paid during the period for interest, net of capitalized interest | 42,110 | 32,293 |
Non-Cash Investing and Financing Activities: | ||
Dividend reinvested in common stock of the Company | $ 22,546 | $ 5,781 |
Note 1 - Basis of Presentation
Note 1 - Basis of Presentation and General Information | 6 Months Ended |
Jun. 30, 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 subsidiaries (collectively, the “Company”). Costamare is organized under the laws of the Republic of the Marshall Islands. On November 4, 2010, 1933, six June 30, 2022, 3 July 6, 2016, 15 June 30, 2022, June 30, 2022, June 30, 2022, As of June 30, 2022, twenty December 31, 2021, June 14, 2021, 3 At June 30, 2022, one Revenues for the six June 30, 2021 2022, 10% 2021 2022 A 18% 13% B 21% 19% C 14% 8% D 15% 8% E 13% 7% Total 81% 55% The reconciliation of the cash, cash equivalents and restricted cash at the end of the six June 30, 2021 2022 2021 2022 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 279,055 $ 601,163 Restricted cash – current portion 6,980 11,420 Restricted cash – non-current portion 62,896 75,386 Total cash, cash equivalents and restricted cash $ 348,931 $ 687,969 The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial information. Accordingly, they do not 20 December 31, 2021, March 28, 2022. These unaudited interim condensed consolidated financial statements have been prepared on the same basis as the Company’s annual consolidated financial statements and, in the opinion of management, reflect all adjustments, consisting of only normal recurring adjustments, considered necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the periods presented. Operating results for the six June 30, 2022, not December 31, 2022. As the international container shipping industry recovers from the COVID- 19 2021 first 2022 The ongoing geopolitical conflict between Russia and Ukraine has negatively impacted the export of dry bulk commodities from the Black Sea region, causing importing countries to look to other regions of the world for their import needs. The net effect on dry bulk shipping charter rates caused by the sourcing of dry bulk commodities from areas outside the Black Sea region is difficult to quantify since rates are dependent on a plethora of factors including the effect of diplomatic efforts such as the recent multilateral agreement among Russia, Ukraine, Turkey and the United Nations to resume grain exports from the Black Sea region. The 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 | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | 2. A discussion of the Company’s significant accounting policies can be found in Note 2 20 December 31, 2021. no six June 30, 2022, Significant accounting policies: (a) Derivative instruments: six June 30, 2022, 19 11.A.6, 11.A.22, 11.A.24, 11.A.27, 11.A.28, 11.A.31 11.A.32 three 11.A.6, 11.A.22, 11.A.24, 11.A.27, 11.A.28, 11.A.31 11.A.32. July 2024 January 2028. (b) Short-term investments: three (c) Treasury stock: may not not not not New Accounting Pronouncements - Not 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. June 30, 2022, not |
Note 3 - Transactions With Rela
Note 3 - Transactions With Related Parties | 6 Months Ended |
Jun. 30, 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 ( 2020 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 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 V.Ships Greece Ltd. (“V.Ships Greece”) is a third third June 30, 2022, Management fees charged by Costamare Shipping in the six June 30, 2021 2022, six June 30, 2022 ( six June 30, 2021), six June 30, 2022 ( six June 30, 2021) six June 30, 2022 ( six June 30, 2021). third third December 31, 2021, 2021 June 30, 2022, 2022 During the six June 30, 2021 2022, 9 10 June 30, 2022 December 31, 2021 December 31, 2021 June 30, 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 June 30, 2022. (c) Blue Net Chartering GmbH & Co. KG ( BNC ) and Blue Net Asia Pte., Ltd. ( BNA ): January 1, 2018, €9,413 December 31, 2021 six June 30, 2022, January 1, 2018, January 1, 2018, €1,281 December 31, 2021 six June 30, 2022 March 29, 2021, four six June 30, 2021 2022, 31 August 2021), one March 31, 2020, five five six June 30, 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 six June 30, 2022, six June 30, 2021). December 31, 2021 June 30, 2022. (f) Other related parties' transactions: November 3, 2010, July 2021, |
Note 4 - Segmental Financial In
Note 4 - Segmental Financial Information | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Segment Reporting Disclosure [Text Block] | 4. Since June 14, 2021 ( 3 1 2 The tables below present information about the Company’s reportable segments as of December 31, 2021 June 30, 2022, six June 30, 2021 2022. not December 31, 2021 June 30, 2022 six June 30, 2022, For the six-month period ended June 30, 2022 Container vessels segment Dry bulk vessels segment Other Total Voyage revenue $ 380,260 $ 178,677 $ - $ 558,937 Vessels’ operating expenses (84,164 ) (49,187 ) - (133,351 ) Depreciation (62,869 ) (19,607 ) - (82,476 ) Amortization of dry-docking and special survey costs (5,326 ) (320 ) - (5,646 ) Gain on sale of vessels, net 17,798 3,452 - 21,250 Interest income 88 50 - 138 Interest and finance costs (47,261 ) (7,950 ) - (55,211 ) Income from equity method investments - - 776 776 Net Income for the Period $ 168,559 $ 75,689 $ 776 $ 245,024 For the six-month period ended June 30, 2021 Container vessels segment Dry bulk vessels segment Other Total Voyage revenue $ 292,625 $ 870 $ - $ 293,495 Vessels’ operating expenses (69,353 ) (247 ) - (69,600 ) Depreciation (58,636 ) (90 ) - (58,726 ) Amortization of dry-docking and special survey costs (4,847 ) - - (4,847 ) Gain on sale of vessels, net 1,406 - - 1,406 Interest income 1,489 - - 1,489 Interest and finance costs (36,536 ) (12 ) - (36,548 ) Income from equity method investments - - 4,951 4,951 Net Income for the Period $ 102,316 $ 396 $ 56,045 $ 158,757 As of June 30, 2022 Container vessels segment Dry bulk vessels segment Other Total Total Assets $ 3,955,353 $ 774,774 $ 29,483 $ 4,759,610 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_ Short-
Note 5 - Current Assets: Short-term Investments / Noncurrent Assets: Debt Securities, Held to Maturity, and Other Non-current Assets | 6 Months Ended |
Jun. 30, 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 six June 30, 2021, 2021 no December 31, 2016, 1 March 22, 2021, 1 June 2021, 1 2 December 31, 2020, 326 1 2 2021 1 2 20 not 326 1 2 March 31, 2021 2021 June 2021. On January 28, 2021, 1933, not 1 June 30, 2021, six June 30, 2021, 2021 December 31, 2021, December 31, 2021, not On April 11, 2022, zero three |
Note 6 - Inventories
Note 6 - Inventories | 6 Months Ended |
Jun. 30, 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 | 6 Months Ended |
Jun. 30, 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, 2022 $ 4,687,896 $ (1,037,704 ) $ 3,650,192 Depreciation - (79,161 ) (79,161 ) Vessel acquisitions, advances and other vessels’ costs 241,362 - 241,362 Vessel sales, transfers and other movements (139,551 ) 71,114 (68,437 ) Balance, June 30, 2022 $ 4,789,707 $ (1,045,751 ) $ 3,743,956 During the six June 30, 2022, Dyros three Oracle Belstar Libra Universal Bremen Norma Magda six June 30, 2022, 12 2013 MSC Athens MSC Athos 2014 Leonidio Kyparissia six June 30, 2022, 11.B.2 2016 Triton During the six June 30, 2021, Aries Argus Glen Canyon Androusa Norfolk Porto Cheli Porto Kagio Porto Germeno YM Target YM Tiptop 3 Builder Pegasus Adventure During the six June 30, 2021, 9 10 Cape Akritas Cape Tainaro Cape Artemisio Cape Kortia Cape Sounio 11 five 10 13 805 During the six June 30, 2021, 2009 Gialova 2008 Dyros Verity Parity Serena Dawn Bernis Konstantinos Titan I Taibo Discovery Thunder Rose Clara Equity Dyros first 2022, second 2021. During the year ended December 31, 2021, six June 30, 2022, On February 14, 2022, Sealand Washington Maersk Kalamata March 30, 2022, Thunder 360 10 45 9, June 30, 2022, June 30, 2022 Sealand Washington Maersk Kalamata 2 Sealand Washington Maersk Kalamata fourth 2022 first 2023. On December 9, 2021, Sealand Illinois Sealand Michigan York Messini 360 10 45 9, December 31, 2021, 2021 2 Sealand Illinois Sealand Michigan York fourth 2022. During the six June 30, 2022, Thunder Messini March 30, 2022 December 9, 2021, six June 30, 2022. During the six June 30, 2021, Halifax Express December 31, 2020 Prosper March 31, 2021 six June 30, 2021. On March 24, 2021, Venetiko June 10, 2021, ZIM Shanghai ZIM New York 360 10 45 9, December 31, 2021. As of June 30, 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 | 6 Months Ended |
Jun. 30, 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, 2022 $ 31,859 Additions 21,393 Amortization (5,646 ) Write-off and other movements (Note 7) (1,668 ) Balance, June 30, 2022 $ 45,938 During the six June 30, 2022, six June 30, 2021, |
Note 9 - Costamare Ventures Inc
Note 9 - Costamare Ventures Inc. | 6 Months Ended |
Jun. 30, 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 June 30, 2022, six 10 |
Note 10 - Equity Method Investm
Note 10 - Equity Method Investments | 6 Months Ended |
Jun. 30, 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 % June 30, 2022 Date Established /Acquired Steadman Maritime Co. - 49% July 1, 2013 Marchant Maritime Co. (*) - - - Horton Maritime Co. (*) - - - Smales Maritime Co. - 49% June 6, 2013 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 (*) Dissolved on June 21, 2021 During the six June 30, 2022, During the year ended December 31, 2021, Ensenada March 22, 2021, March 24, 2021 March 29, 2021, three five 805 13 For the six June 30, 2021 2022, The summarized combined financial information of the companies accounted for as equity method investment is as follows: December 31, 2021 June 30, 2022 Current assets $ 12,468 $ 10,148 Non-current assets 92,770 93,424 Total assets $ 105,238 $ 103,572 Current liabilities $ 6,576 $ 8,316 Non-current liabilities 58,110 55,421 Total liabilities $ 64,686 $ 63,737 Six-month period ended June 30, 2021 2022 Voyage revenue $ 29,457 $ 10,741 Net income $ 11,480 $ 1,585 |
Note 11 - Long-term Debt
Note 11 - Long-term Debt | 6 Months Ended |
Jun. 30, 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 June 30, 2022 A. Term Loans: 1. Nerida Shipping Co. 9,975 9,075 2. Singleton Shipping Co. and Tatum Shipping Co. 37,600 36,000 3. Reddick Shipping Co. and Verandi Shipping Co. - - 4. Costamare. Inc. 30,188 6,946 5. Bastian Shipping Co. and Cadence Shipping Co. 98,000 90,400 6. Adele Shipping Co. 54,500 51,500 7. Costamare Inc. 123,990 118,210 8. Quentin Shipping Co. and Sander Shipping Co. 72,898 68,875 9. Costamare Inc. 24,554 - 10. Capetanissa Maritime Corporation et al. 56,500 35,101 11. Caravokyra Maritime Corporation et al. 54,400 14,915 12. Achilleas Maritime Corporation et al. - - 13. Kelsen Shipping Co. 4,050 2,025 14. Uriza Shipping S.A. 17,400 - 15. Berg Shipping Co. 11,660 11,100 16. Reddick Shipping Co. and Verandi Shipping Co. 14,900 12,500 17. Evantone Shipping Co. and Fortrose Shipping Co. 20,750 19,250 18. Ainsley Maritime Co. and Ambrose Maritime Co. 141,964 136,607 19. Hyde Maritime Co. and Skerrett Maritime Co. 138,519 132,865 20. Kemp Maritime Co. 70,350 67,300 21. Vernes Shipping Co. 12,650 - 22. Achilleas Maritime Corporation et al. 125,360 81,847 23. Novara et al. 63,833 70,418 24. Costamare Inc. 59,952 54,523 25. Costamare Inc. 80,228 76,463 26. Costamare Inc. - - 27. Costamare Inc. 79,348 25,925 28. Amoroto et al. 103,423 73,928 29. Costamare Inc. - - 30. Dattier Marine Corp et al. 43,480 30,115 31. Bernis Marine Corp. et al. - 50,978 32. Costamare Inc. - 55,254 33. Costamare Inc. - 77,500 34. Adstone Marine Corp. et al. - 10,800 35. Amoroto et al. - 40,500 36. Benedict et al. - 500,000 Total Term Loans $ 1,550,472 $ 1,960,920 B. Other financing arrangements 803,589 701,389 C. Unsecured Bond Loan 113,260 103,870 Total long-term debt $ 2,467,321 $ 2,766,179 Less: Deferred financing costs (25,238 ) (26,038 ) Total long-term debt, net 2,442,083 2,740,141 Less: Long-term debt current portion (278,326 ) (380,653 ) Add: Deferred financing costs, current portion 5,961 6,903 Total long-term debt, non-current, net $ 2,169,718 $ 2,366,391 A. Term Loans: 1. August 1, 2017, Maersk Kowloon August 3, 2017 June 30, 2022, one July 2022 2. July 17, 2018, Megalopolis Marathopolis two July 20, 2018 August 2, 2018. June 30, 2022, 13 July 2022 June 2025 June 30, 2022, 13 August 2022 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 JPO Scorpius June 23, 2022, 11.A.36, June 30, 2022, six August 2022 November 2023. June 30, 2022, November 2023. June 30, 2022, Sealand Michigan 7 5. June 18, 2019, MSC Ajaccio MSC Amalfi 12 two two June 24, 2019. June 30, 2022, two 20 September 2022 June 2027 6. June 24, 2019, MSC Azov 12 July 12, 2019. June 30, 2022, 17 July 2022 June 2026 7. June 28, 2019, two Value Valence Vantage three July 15, 2019. June 30, 2022, 13 July 2022 July 2025 8. July 18, 2019, one Valor Valiant two July 24, 2019. June 30, 2022, 13 July 2022 July 2025 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, June 30, 2022, 12 August 2022 May 2025 June 30, 2022, York and Sealand Washington 7 11. May 29, 2020, one June 4, 2020. June 21, 2022, 11.A.36, June 30, 2022, 12 September 2022 June 2025 $8,555 June 30, 2022, Maersk Kalamata 7 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. June 30, 2022, one December 2022. 14. November 10, 2020, one November 12, 2020. June 29, 2022, 11.A.36, 15. January 27, 2021, Neokastro January 29, 2021. June 30, 2022, 15 July 2022 January 2026 16. March 16, 2021, one two March 23, 2021. June 30, 2022, five September 2022 September 2023 17. March 18, 2021, March 23, 2021. June 30, 2022, 15 September 2022 March 2026 18. March 19, 2021, two 7 two March 24, 2021. June 30, 2022, 35 September 2022 March 2031 19. March 24, 2021, two 7 two March 26, 2021. June 30, 2022, 25 September 2022 September 2028 June 30, 2022, 15 September 2022 March 2026 20. March 29, 2021, one 7 March 30, 2021. June 30, 2022, 27 September 2022 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 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 June 30, 2022, 16 September 2022 June 2026 June 30, 2022, Sealand Illinois 7 June 30, 2022, 16 September 2022 June 2026 June 30, 2022, 16 September 2022 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. June 30, 2022, first two 12 September 2022 June 2025 June 30, 2022, third 13 August 2022 August 2025 June 30, 2022, fourth 15 July 2022 January 2026 24. July 8, 2021, $62,500, Pegasus Eracle Peace Sauvan Pride Acuity Comity Athena July 2021, August 2021 $5,963.8 October 2021, eight June 30, 2022, July 2022 October 2026 25. July 9, 2021, Builder Adventure Manzanillo Alliance Seabird Aeolian Farmer Greneta July 2021 first five one August 2021 Aeolian, one October 2021 Farmer one December 2021 Greneta June 30, 2022, July 2022 December 2026 26. July 12, 2021, July 15, 2021. November 1, 2021, 27. July 16, 2021, Bernis Verity Dawn Discovery Clara Serena Parity Taibo Thunder Rose Equity Curacao July 2021, first three three August 2021, three three September 2021, three three October 2021, three December 21, 2021, Clara Rose Thunder Equity 11.A.30 January 7, 2022, Bernis Verity Dawn Discovery Parity 11.A.31 . June 30, 2022, July 2022 October 2026 28. July 27, 2021, Progress Merida Miner Uruguay Resource Konstantinos Cetus Titan I Bermondi Orion Merchia Damon August 2021 first two four September 2021 four one October 2021 Cetus three November 2021 three one December 2021 one one January 2022 April 29, 2022, 11.A.35 June 30, 2022, July 2022 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 June 30, 2022, September 2022 December 2026 31. December 24, 2021, Bernis Verity Dawn Discovery Parity 11.A.27. January 5, 2022, one 11.A.27. June 30, 2022, 19 July 2022 January 2027 32. December 28, 2021, Pythias Hydrus Phoenix Oracle Libra 7 not January 2022, June 30, 2022, July 2022 January 2028 33. January 26, 2022, 11.A.9, 11.A.22 January 31, 2022, June 30, 2022, 15 July 2022 January 2026 34. April 5, 2022, Norma Magda 7 not April 11, 2022, June 30, 2022, 20 July 2022 April 2027 No June 30, 2022. 35. April 21, 2022, Merida Bermondi Titan I Uruguay 11.A.28 April 28, 2022, June 30, 2022, 16 July 2022 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, June 30, 2022, 20 September 2022 June 2027 The term loans discussed above bear interest at LIBOR (applicable to all loans discussed above except the loans discussed in Note 11.A.35 11.A.36 11.A.35 11.A.36 first first may may B. Other Financing Arrangements 1. August 2018, five five five 7 606, not December 31, 2021 2021 121 June 30, 2022 five 7 July 2022 May 2031 six June 30, 2022, six June 30, 2021) 2022 2. November 12, 2018, five 18 606 840 480 835 30 May 12, 2020, June 17, 2022, 11.A.36, Triton 7 June 30, 2022, four August 2022 October 2028 four six June 30, 2022, six June 30, 2021), As of June 30, 2022, 1 2 C. Unsecured Bond Loan ( Bond Loan ) In May 2021, €100,000 May 2026 May 25, 2021. May 26, 2021. The Bond Loan can be called in part (pro-rata) or in full by Costamare Participations Plc on any coupon payment date, after the second 6 5th 6th 7th 8th 9th one €10,000, not €50,000. As of June 30, 2022, six June 30, 2022, six June 30, 2021) The annual repayments under the Term Loans, Other Financing Arrangements and Unsecured bond after June 30, 2022, 11.A.4, 11.A.10, 11.A.11 11.A.22, Year ending December 31, Amount 2022 $ 217,904 2023 323,929 2024 292,964 2025 470,744 2026 557,921 2027 and thereafter 902,717 Total $ 2,766,179 The interest rate of Costamare’s Term Loans and Other Financing Arrangements (inclusive of fixed rate Term Loans and the related cost of interest rate swaps) as at December 31, 2021 June 30, 2022, December 31, 2021 June 30, 2022, Total interest expense incurred on long-term debt including the effect of the hedging interest rate swaps (discussed in Notes 17 19 six June 30, 2021 2022, six June 30, 2021 2022, 2021 June 30, 2021. D. Financing Costs The amounts of financing costs included in the loan balances and finance lease liabilities (Note 12 Balance, January 1, 2022 $ 25,716 Additions 5,825 Amortization and write-off (5,616 ) Transfers and other movements 113 Balance, June 30, 2022 $ 26,038 Less: Current portion of financing costs (6,903 ) Financing costs, non-current portion $ 19,135 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 income (Note 17 |
Note 12 - Right-of-Use Assets a
Note 12 - Right-of-Use Assets and Finance Lease Liabilities | 6 Months Ended |
Jun. 30, 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 sale and leaseback transactions were classified as finance leases. As the fair value of each vessel sold was in excess of its carrying amount, the difference between the sale proceeds and the carrying amount was classified as prepaid lease rentals or as unearned revenue. At January 1, 2019, 842 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 six June 30, 2021 2022, December 31, 2021, June 30, 2022, nil, December 31, 2021, June 30, 2022, nil, Total interest expenses incurred on finance leases, for the six June 30, 2021 2022, The total finance lease liabilities, net of related financing costs, are presented in the accompanying December 31, 2021 June 30, 2022 December 31, 2021 June 30, 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 | 6 Months Ended |
Jun. 30, 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 June 30 2022, not As at December 31, 2021, 2021 June 30, 2022, December 31 Year ending December 31, Amount 2022 $ (330 ) 2023 (254 ) 2024 (11,543 ) 2025 (13,506 ) 2026 and thereafter (2,419 ) Total $ (28,052 ) (b) Unearned Revenue, Current and Non-Current: December 31, 2021 June 30, 2022, not four five 7 10, December 31, 2021 six June 30, 2022, nil, December 31, 2021 June 30, 2022 Hires collected in advance $ 19,173 $ 17,898 Charter revenue resulting from varying charter rates 38,524 42,720 Total $ 57,697 $ 60,618 Less current portion (23,830 ) (26,040 ) Non-current portion $ 33,867 $ 34,578 (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, June 30, 2022, six June 30, 2021 2022, |
Note 14 - Commitments and Conti
Note 14 - Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Commitments and Contingencies Disclosure [Text Block] | 14. a) Time charters: June 30, 2022, Year ending December 31, Amount 2022 $ 426,802 2023 779,044 2024 705,932 2025 540,179 2026 283,862 2027 and thereafter 479,904 Total $ 3,215,723 The above calculation includes the time charter arrangements of the Company’s vessels in operation as at June 30, 2022, not June 30, 2022. June 30, 2022, (b) Capital Commitments: no June 30, 2022. (c) Debt guarantees with respect to entities formed under the Framework Deed: June 30, 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 parties to litigations pending in the United States Court for the Eastern District of California relating to liabilities associated with an oil spill that occurred in October 2021 one |
Note 15 - Common Stock and Addi
Note 15 - Common Stock and Additional Paid-in Capital | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Stockholders' Equity Note Disclosure [Text Block] | 15. (a) Common Stock: six June 30, 2021 2022, 3 six June 30, 2022. On July 6, 2016, not December 31, 2021, six June 30, 2022, On November 30, 2021, 22 December 31, 2021, six June 30, 2022, As of June 30, 2022, June 30, 2022 (b) Preferred Stock: December 31, 2020, (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, ( 3 3 (d) Dividends declared and / or paid six June 30, 2021, fourth 2020 first 2021. six June 30, 2022, fourth 2021 first 2022. During the six June 30, 2021, October 15, 2020 January 14, 2021 January 15, 2021 April 14, 2021. six June 30, 2022, October 15, 2021 January 14, 2022 January 15, 2022 April 14, 2022. During the six June 30, 2021, October 15, 2020 January 14, 2021 January 15, 2021 April 14, 2021. six June 30, 2022, October 15, 2021 January 14, 2022 January 15, 2022 April 14, 2022. During the six June 30, 2021, October 15, 2020 January 14, 2021 January 15, 2021 April 14, 2021. six June 30, 2022, October 15, 2021 January 14, 2022 January 15, 2022 April 14, 2022. During the six June 30, 2021, October 15, 2020 January 14, 2021 January 15, 2021 April 14, 2021. six June 30, 2022, October 15, 2021 January 14, 2022 January 15, 2022 April 14, 2022. |
Note 16 - Earnings Per Share
Note 16 - Earnings Per Share | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Earnings Per Share [Text Block] | 16. 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 each of the six June 30, 2021 2022, For the six-month period ended June 30, 2021 2022 Basic EPS Basic EPS Net income $ 158,757 $ 245,024 Less: paid and accrued earnings allocated to Preferred Stock (15,448 ) (15,448 ) Net income available to common stockholders 143,309 229,576 Weighted average number of common shares, basic and diluted 122,615,427 124,228,628 Earnings per common share, basic and diluted $ 1.17 $ 1.85 |
Note 17 - Interest and Finance
Note 17 - Interest and Finance Costs | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Interest Finance Costs [Text Block] | 17. The interest and finance costs in the accompanying consolidated statements of income are as follows: For the six-month period ended June 30, 2021 2022 Interest expense $ 31,870 $ 43,966 Interest capitalized (465 ) - Swap effect 2,394 2,742 Amortization and write-off of financing costs 2,498 5,615 Bank charges and other financing costs 251 2,888 Total $ 36,548 $ 55,211 |
Note 18 - Taxes
Note 18 - Taxes | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Income Tax Disclosure [Text Block] | 18. 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 19 - Derivatives
Note 19 - Derivatives | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Derivative Instruments and Hedging Activities Disclosure [Text Block] | 19. (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 six June 30, 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, three 3.00%.The 11.A.6, 11.A.22, 11.A.24, 11.A.27, 11.A.28, 11.A.31 11.A.32. July 2024 January 2028. June 30, 2022 June 30, 2022 During the year ended December 31, 2021, three 815. December 31, 2021, two 11 two As of June 30, 2022, two 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 June 30, 2022 (in USD) 21/5/2021 21/11/2025 50,000 61,175 2.70 % 4.10 % (8,834 ) 25/5/2021 21/11/2025 50,000 61,200 2.70 % 4.05 % (8,750 ) Total fair value (17,584 ) At December 31, 2021 June 30, 2022, December 31, 2021 June 30, 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 June 30, 2022, not not (c) Foreign currency agreements: June 30, 2022, March 2023. As of December 31, 2021, June 2022. The total change of forward contracts fair value for the six June 30, 2022, six June 30, 2021) December 31, 2021 June 30, 2022, The Effect of Derivative Instruments for the six-month periods ended June 30, 2021 and 2022 Derivatives in ASC 815 Cash Flow Hedging Relationships Amount of Gain/(Loss) Recognized in Accumulated OCI on Derivative 2021 2022 Interest rate swaps, cross-currency swaps and interest rate caps $ (2,377 ) $ 24,069 Reclassification to Interest and finance costs 2,394 2,742 Total $ 17 $ 26,811 Derivatives Not Designated as Hedging Instruments under ASC 815 Location of Loss Recognized in Loss on Derivative Amount of Loss Recognized in Loss on Derivative 2021 2022 Non-hedging interest rate swaps Loss on derivative instruments, net $ (189 ) $ (190 ) Forward contracts Loss on derivative instruments, net (823 ) (720 ) Total $ (1,012 ) $ (910 ) The realized loss on non-hedging interest rate swaps included in “Loss on derivative instruments, net” amounted to nil six June 30, 2021 2022, |
Note 20 - Financial Instruments
Note 20 - Financial Instruments | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Financial Instruments Disclosure [Text Block] | 20. (a) Interest rate risk: 11. (b) Concentration of credit risk: not (c) Fair value: 11.B 11.A.19, 19 2 no The fair value of the Company’s other financing arrangements with fixed interest rates discussed in Note 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 19 December 31, 2021 June 30, 2022, 19 2 December 31, 2021 June 30, 2022, The fair value of the Bond Loan discussed in Note 11.C 1 June 30, 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 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 ) $ - June 30, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring measurements: Forward contracts-liability position $ (1,126 ) $ - $ (1,126 ) $ - Interest rate swaps-asset position 25,603 - 25,603 - Interest rate caps-asset position 9,398 - 9,398 - Cross-currency rate swaps-liability position (17,584 ) - (17,584 ) - Total $ 16,291 $ - $ 16,291 $ - |
Note 21 - Comprehensive Income
Note 21 - Comprehensive Income | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Comprehensive Income (Loss) Note [Text Block] | 21. During the six June 30, 2021, During the six June 30, 2022, |
Note 22 - Subsequent Events
Note 22 - Subsequent Events | 6 Months Ended |
Jun. 30, 2022 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | 22. (a) Declaration and payment of dividends (common stock): July 1, 2022, August 8, 2022, July 21, 2022. (b) Declaration and payment of dividends (preferred stock Series B, Series C, Series D and Series E): July 1, 2022, July 15, 2022 July 14, 2022. (c) Repurchase of common stock: July 2022, 15 (d) Foreign currency agreements: July 2022, April 2023 December 2023. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2022 | |
Accounting Policies [Abstract] | |
Derivatives, Policy [Policy Text Block] | (a) Derivative instruments: six June 30, 2022, 19 11.A.6, 11.A.22, 11.A.24, 11.A.27, 11.A.28, 11.A.31 11.A.32 three 11.A.6, 11.A.22, 11.A.24, 11.A.27, 11.A.28, 11.A.31 11.A.32. July 2024 January 2028. |
Investment, Policy [Policy Text Block] | (b) Short-term investments: three |
Stockholders' Equity, Policy [Policy Text Block] | (c) Treasury stock: may not not not not |
New Accounting Pronouncements, Policy [Policy Text Block] | New Accounting Pronouncements - Not 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. June 30, 2022, not |
Note 1 - Basis of Presentatio_2
Note 1 - Basis of Presentation and General Information (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block] | 2021 2022 A 18% 13% B 21% 19% C 14% 8% D 15% 8% E 13% 7% Total 81% 55% |
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Table Text Block] | 2021 2022 Reconciliation of cash, cash equivalents and restricted cash Cash and cash equivalents $ 279,055 $ 601,163 Restricted cash – current portion 6,980 11,420 Restricted cash – non-current portion 62,896 75,386 Total cash, cash equivalents and restricted cash $ 348,931 $ 687,969 |
Note 4 - Segmental Financial _2
Note 4 - Segmental Financial Information (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Reconciliation of Revenue from Segments to Consolidated [Table Text Block] | For the six-month period ended June 30, 2022 Container vessels segment Dry bulk vessels segment Other Total Voyage revenue $ 380,260 $ 178,677 $ - $ 558,937 Vessels’ operating expenses (84,164 ) (49,187 ) - (133,351 ) Depreciation (62,869 ) (19,607 ) - (82,476 ) Amortization of dry-docking and special survey costs (5,326 ) (320 ) - (5,646 ) Gain on sale of vessels, net 17,798 3,452 - 21,250 Interest income 88 50 - 138 Interest and finance costs (47,261 ) (7,950 ) - (55,211 ) Income from equity method investments - - 776 776 Net Income for the Period $ 168,559 $ 75,689 $ 776 $ 245,024 For the six-month period ended June 30, 2021 Container vessels segment Dry bulk vessels segment Other Total Voyage revenue $ 292,625 $ 870 $ - $ 293,495 Vessels’ operating expenses (69,353 ) (247 ) - (69,600 ) Depreciation (58,636 ) (90 ) - (58,726 ) Amortization of dry-docking and special survey costs (4,847 ) - - (4,847 ) Gain on sale of vessels, net 1,406 - - 1,406 Interest income 1,489 - - 1,489 Interest and finance costs (36,536 ) (12 ) - (36,548 ) Income from equity method investments - - 4,951 4,951 Net Income for the Period $ 102,316 $ 396 $ 56,045 $ 158,757 As of June 30, 2022 Container vessels segment Dry bulk vessels segment Other Total Total Assets $ 3,955,353 $ 774,774 $ 29,483 $ 4,759,610 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) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule Vessels and Advances, Net [Table Text Block] | Vessel Cost Accumulated Depreciation Net Book Value Balance, January 1, 2022 $ 4,687,896 $ (1,037,704 ) $ 3,650,192 Depreciation - (79,161 ) (79,161 ) Vessel acquisitions, advances and other vessels’ costs 241,362 - 241,362 Vessel sales, transfers and other movements (139,551 ) 71,114 (68,437 ) Balance, June 30, 2022 $ 4,789,707 $ (1,045,751 ) $ 3,743,956 |
Note 8 - Deferred Charges, Net
Note 8 - Deferred Charges, Net (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Deferred Charges [Table Text Block] | Balance, January 1, 2022 $ 31,859 Additions 21,393 Amortization (5,646 ) Write-off and other movements (Note 7) (1,668 ) Balance, June 30, 2022 $ 45,938 |
Note 10 - Equity Method Inves_2
Note 10 - Equity Method Investments (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Equity Method Investments [Table Text Block] | Entity Vessel Participation % June 30, 2022 Date Established /Acquired Steadman Maritime Co. - 49% July 1, 2013 Marchant Maritime Co. (*) - - - Horton Maritime Co. (*) - - - Smales Maritime Co. - 49% June 6, 2013 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 June 30, 2022 Current assets $ 12,468 $ 10,148 Non-current assets 92,770 93,424 Total assets $ 105,238 $ 103,572 Current liabilities $ 6,576 $ 8,316 Non-current liabilities 58,110 55,421 Total liabilities $ 64,686 $ 63,737 Six-month period ended June 30, 2021 2022 Voyage revenue $ 29,457 $ 10,741 Net income $ 11,480 $ 1,585 |
Note 11 - Long-term Debt (Table
Note 11 - Long-term Debt (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Debt [Table Text Block] | Borrower(s) December 31, 2021 June 30, 2022 A. Term Loans: 1. Nerida Shipping Co. 9,975 9,075 2. Singleton Shipping Co. and Tatum Shipping Co. 37,600 36,000 3. Reddick Shipping Co. and Verandi Shipping Co. - - 4. Costamare. Inc. 30,188 6,946 5. Bastian Shipping Co. and Cadence Shipping Co. 98,000 90,400 6. Adele Shipping Co. 54,500 51,500 7. Costamare Inc. 123,990 118,210 8. Quentin Shipping Co. and Sander Shipping Co. 72,898 68,875 9. Costamare Inc. 24,554 - 10. Capetanissa Maritime Corporation et al. 56,500 35,101 11. Caravokyra Maritime Corporation et al. 54,400 14,915 12. Achilleas Maritime Corporation et al. - - 13. Kelsen Shipping Co. 4,050 2,025 14. Uriza Shipping S.A. 17,400 - 15. Berg Shipping Co. 11,660 11,100 16. Reddick Shipping Co. and Verandi Shipping Co. 14,900 12,500 17. Evantone Shipping Co. and Fortrose Shipping Co. 20,750 19,250 18. Ainsley Maritime Co. and Ambrose Maritime Co. 141,964 136,607 19. Hyde Maritime Co. and Skerrett Maritime Co. 138,519 132,865 20. Kemp Maritime Co. 70,350 67,300 21. Vernes Shipping Co. 12,650 - 22. Achilleas Maritime Corporation et al. 125,360 81,847 23. Novara et al. 63,833 70,418 24. Costamare Inc. 59,952 54,523 25. Costamare Inc. 80,228 76,463 26. Costamare Inc. - - 27. Costamare Inc. 79,348 25,925 28. Amoroto et al. 103,423 73,928 29. Costamare Inc. - - 30. Dattier Marine Corp et al. 43,480 30,115 31. Bernis Marine Corp. et al. - 50,978 32. Costamare Inc. - 55,254 33. Costamare Inc. - 77,500 34. Adstone Marine Corp. et al. - 10,800 35. Amoroto et al. - 40,500 36. Benedict et al. - 500,000 Total Term Loans $ 1,550,472 $ 1,960,920 B. Other financing arrangements 803,589 701,389 C. Unsecured Bond Loan 113,260 103,870 Total long-term debt $ 2,467,321 $ 2,766,179 Less: Deferred financing costs (25,238 ) (26,038 ) Total long-term debt, net 2,442,083 2,740,141 Less: Long-term debt current portion (278,326 ) (380,653 ) Add: Deferred financing costs, current portion 5,961 6,903 Total long-term debt, non-current, net $ 2,169,718 $ 2,366,391 |
Schedule of Maturities of Long-Term Debt [Table Text Block] | Year ending December 31, Amount 2022 $ 217,904 2023 323,929 2024 292,964 2025 470,744 2026 557,921 2027 and thereafter 902,717 Total $ 2,766,179 |
Schedule of Financing Costs [Table Text Block] | Balance, January 1, 2022 $ 25,716 Additions 5,825 Amortization and write-off (5,616 ) Transfers and other movements 113 Balance, June 30, 2022 $ 26,038 Less: Current portion of financing costs (6,903 ) Financing costs, non-current portion $ 19,135 |
Note 12 - Right-of-Use Assets_2
Note 12 - Right-of-Use Assets and Finance Lease Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Finance Lease Obligations Current and Non-Current [Table Text Block] | December 31, 2021 June 30, 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) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Unbilled Receivables, Not Billable at Balance Sheet Date [Table Text Block] | Year ending December 31, Amount 2022 $ (330 ) 2023 (254 ) 2024 (11,543 ) 2025 (13,506 ) 2026 and thereafter (2,419 ) Total $ (28,052 ) |
Deferred Revenue, by Arrangement, Disclosure [Table Text Block] | December 31, 2021 June 30, 2022 Hires collected in advance $ 19,173 $ 17,898 Charter revenue resulting from varying charter rates 38,524 42,720 Total $ 57,697 $ 60,618 Less current portion (23,830 ) (26,040 ) Non-current portion $ 33,867 $ 34,578 |
Note 14 - Commitments and Con_2
Note 14 - Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Non Cancelable Long-Term Time Charter Contracts [Table Text Block] | Year ending December 31, Amount 2022 $ 426,802 2023 779,044 2024 705,932 2025 540,179 2026 283,862 2027 and thereafter 479,904 Total $ 3,215,723 |
Note 16 - Earnings Per Share (T
Note 16 - Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] | For the six-month period ended June 30, 2021 2022 Basic EPS Basic EPS Net income $ 158,757 $ 245,024 Less: paid and accrued earnings allocated to Preferred Stock (15,448 ) (15,448 ) Net income available to common stockholders 143,309 229,576 Weighted average number of common shares, basic and diluted 122,615,427 124,228,628 Earnings per common share, basic and diluted $ 1.17 $ 1.85 |
Note 17 - Interest and Financ_2
Note 17 - Interest and Finance Costs (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Notes Tables | |
Interest Finance Costs [Table Text Block] | For the six-month period ended June 30, 2021 2022 Interest expense $ 31,870 $ 43,966 Interest capitalized (465 ) - Swap effect 2,394 2,742 Amortization and write-off of financing costs 2,498 5,615 Bank charges and other financing costs 251 2,888 Total $ 36,548 $ 55,211 |
Note 19 - Derivatives (Tables)
Note 19 - Derivatives (Tables) | 6 Months Ended |
Jun. 30, 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 June 30, 2022 (in USD) 21/5/2021 21/11/2025 50,000 61,175 2.70 % 4.10 % (8,834 ) 25/5/2021 21/11/2025 50,000 61,200 2.70 % 4.05 % (8,750 ) Total fair value (17,584 ) |
Schedule of Derivatives In ASC 815 Cash Flow Hedging Relationships [Table Text Block] | The Effect of Derivative Instruments for the six-month periods ended June 30, 2021 and 2022 Derivatives in ASC 815 Cash Flow Hedging Relationships Amount of Gain/(Loss) Recognized in Accumulated OCI on Derivative 2021 2022 Interest rate swaps, cross-currency swaps and interest rate caps $ (2,377 ) $ 24,069 Reclassification to Interest and finance costs 2,394 2,742 Total $ 17 $ 26,811 |
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 Loss Recognized in Loss on Derivative Amount of Loss Recognized in Loss on Derivative 2021 2022 Non-hedging interest rate swaps Loss on derivative instruments, net $ (189 ) $ (190 ) Forward contracts Loss on derivative instruments, net (823 ) (720 ) Total $ (1,012 ) $ (910 ) |
Note 20 - Financial Instrumen_2
Note 20 - Financial Instruments (Tables) | 6 Months Ended |
Jun. 30, 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 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 ) $ - June 30, 2022 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Unobservable Inputs (Level 3) Recurring measurements: Forward contracts-liability position $ (1,126 ) $ - $ (1,126 ) $ - Interest rate swaps-asset position 25,603 - 25,603 - Interest rate caps-asset position 9,398 - 9,398 - Cross-currency rate swaps-liability position (17,584 ) - (17,584 ) - Total $ 16,291 $ - $ 16,291 $ - |
Note 1 - Basis of Presentatio_3
Note 1 - Basis of Presentation and General Information (Details Textual) | 6 Months Ended | |
Jun. 30, 2022 shares | Dec. 31, 2021 | |
Stock Issued During Period, Shares, Dividend Reinvestment Plan (in shares) | 18,308,937 | |
Common Stock, Shares, Outstanding, Ending Balance (in shares) | 121,890,543 | |
Number of Container Vessels | 72 | 72 |
Carrying Capacity of Vessels at Period End (TEU) | 545,765 | 543,645 |
Number of Dry-bulk Vessels | 45 | 43 |
Dead Weight Tonnage of Dry-bulk Vessels | 2,436,134 | 2,320,750 |
LIBERIA | ||
Number of Subsidiaries | 155 | |
MARSHALL ISLANDS | ||
Number of Subsidiaries | 12 | |
CYPRUS | ||
Number of Subsidiaries | 1 | |
Konstantakopoulos Family [Member] | ||
Percentage Ownership | 59.10% | |
Common Stock Issued to Costamare Shipping Services Ltd. [Member] | ||
Stock Issued During Period, Shares, New Issues (in shares) | 299,200 |
Note 1 - Basis of Presentatio_4
Note 1 - Basis of Presentation and General Information - Customer Concentration Risk (Details) - Customer Concentration Risk [Member] - Revenue from Contract with Customer Benchmark [Member] | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Major Customer A [Member] | ||
Concentration risk percentage | 13% | 18% |
Major Customer B [Member] | ||
Concentration risk percentage | 19% | 21% |
Major Customer C [Member] | ||
Concentration risk percentage | 8% | 14% |
Major Customer D [Member] | ||
Concentration risk percentage | 8% | 15% |
Major Customer E [Member] | ||
Concentration risk percentage | 7% | 13% |
Major Customers A, B, C, D and E [Member] | ||
Concentration risk percentage | 55% | 81% |
Note 1 - Basis of Presentatio_5
Note 1 - Basis of Presentation and General Information - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | Jun. 30, 2021 |
Cash and cash equivalents | $ 601,163 | $ 276,002 | $ 279,055 |
Restricted cash – current portion | 11,420 | 8,856 | 6,980 |
Restricted cash – non-current portion | 75,386 | $ 68,670 | 62,896 |
Total cash, cash equivalents and restricted cash | $ 687,969 | $ 348,931 |
Note 2 - Significant Accounti_2
Note 2 - Significant Accounting Policies and Recent Accounting Pronouncements (Details Textual) - Interest Rate Cap [Member] $ in Thousands | Jun. 30, 2022 USD ($) |
Derivative, Notional Amount | $ 377,331 |
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | |
Derivative, Variable Interest Rate | 1.50% |
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | |
Derivative, Variable Interest Rate | 3% |
Note 3 - Transactions With Re_2
Note 3 - Transactions With Related Parties (Details Textual) € in Thousands | 6 Months Ended | 12 Months Ended | |||||||
Jun. 14, 2021 | Mar. 29, 2021 USD ($) | Mar. 31, 2020 | Jun. 30, 2022 USD ($) shares | Jun. 30, 2022 EUR (€) shares | Jun. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2021 EUR (€) | Sep. 09, 2021 USD ($) | |
Management Fees Related Parties | $ 21,892,000 | $ 11,786,000 | |||||||
Voyage Expenses Related Parties | 7,740,000 | 4,301,000 | |||||||
Due to Related Parties, Current, Total | 937,000 | $ 1,694,000 | |||||||
Other Liabilities, Current, Total | 2,668,000 | 2,417,000 | |||||||
Assets, Total | $ 4,759,610,000 | $ 4,407,041,000 | |||||||
Dead Weight Tonnage of Dry-bulk Vessels | 2,436,134 | 2,320,750 | |||||||
Stockholders' Equity, Gain (loss) from Common Control Transaction | 86,000 | ||||||||
Lora Stylianou [Member] | |||||||||
Noncontrolling Interest, Ownership Percentage by Parent | 100% | ||||||||
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% | |||||||
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 | $ 11,786,000 | 21,892,000 | |||||||
Voyage Expenses Related Parties | 6,987,000 | 3,694,000 | |||||||
Fair Value of Shares Issued to Manager | $ 4,360,000 | 3,207,000 | |||||||
Stock Issued During Period, Shares, New Issues (in shares) | shares | 299,200 | 299,200 | |||||||
Working Capital Security | $ 5,675,000 | 5,525,000 | |||||||
Total Charges by Manager to Companys Affiliates | 881,000 | 1,508,000 | |||||||
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 | 425,000 | 450,000 | |||||||
Costamare Shipping Company SA and Costamare Shipping Services Ltd. [Member] | General and Administrative Expense [Member] | |||||||||
Officers Compensation Charged, Period End | $ 1,333,000 | 1,250,000 | |||||||
V.Ships Greece Ltd. [Member] | |||||||||
Number Vessels Managed | 65 | ||||||||
Working Capital Security Per Vessel | $ 75,000 | ||||||||
V.Ships (Shanghai) Limited [Member] | |||||||||
Number of Ships Subcontracted | 16 | ||||||||
Other Third-party Managers [Member] | |||||||||
Working Capital Security Per Vessel | $ 50,000 | ||||||||
Costamare Shipping [Member] | |||||||||
Due to Related Parties, Current, Total | 1,341,000 | 743,000 | |||||||
Costamare Services [Member] | |||||||||
Due to Related Parties, Current, Total | 937,000 | 951,000 | |||||||
Shanghai Costamare Ship Management Co Ltd [Member] | |||||||||
Due to Related Parties, Current, Total | 0 | $ 0 | |||||||
Blue Net Chartering GmbH & Co. KG (Containerships Only) [Member] | |||||||||
Voyage Expenses Related Parties | $ 385,000 | 241,000 | |||||||
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 Asia Pte., Ltd. (“BNA”) (Containerships Only) [Member] | |||||||||
Commission Charged on Charter Hire Agreements | 1.25% | ||||||||
Voyage Expenses Related Parties | $ 367,000 | 366,000 | |||||||
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 Dry-bulk 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 | $ 8,000 | ||||||||
Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party | 6,000 | $ 67,000 | |||||||
Due to Related Parties, Total | 0 | 0 | |||||||
Due from Related Parties, Total | $ 0 | $ 0 |
Note 4 - Segmental Financial _3
Note 4 - Segmental Financial Information (Details Textual) | 6 Months Ended |
Jun. 30, 2022 | |
Number of Reportable Segments | 2 |
Note 4 - Segmented Financial In
Note 4 - Segmented Financial Information - Summary of Reportable Segments (Details) - USD ($) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Voyage revenue | $ 558,937 | $ 293,495 | |
Vessels’ operating expenses | (133,351) | (69,600) | |
Depreciation | (82,476) | (58,726) | |
Amortization of dry-docking and special survey costs | (5,646) | (4,847) | |
Gain on sale of vessels, net | 21,250 | 1,406 | |
Interest income | 138 | 1,489 | |
Interest and finance costs | (55,211) | (36,548) | |
Income from equity method investments | 776 | 4,951 | |
Net income for the period | 245,024 | 158,757 | |
Total Assets | 4,759,610 | $ 4,407,041 | |
Container Vessels Segment [Member] | Operating Segments [Member] | |||
Voyage revenue | 380,260 | 292,625 | |
Vessels’ operating expenses | (84,164) | (69,353) | |
Depreciation | (62,869) | (58,636) | |
Amortization of dry-docking and special survey costs | (5,326) | (4,847) | |
Gain on sale of vessels, net | 17,798 | 1,406 | |
Interest income | 88 | 1,489 | |
Interest and finance costs | (47,261) | (36,536) | |
Income from equity method investments | 0 | 0 | |
Net income for the period | 168,559 | 102,316 | |
Total Assets | 3,955,353 | 3,672,212 | |
Dry Bulk Vessels Segment [Member] | Operating Segments [Member] | |||
Voyage revenue | 178,677 | 870 | |
Vessels’ operating expenses | (49,187) | (247) | |
Depreciation | (19,607) | (90) | |
Amortization of dry-docking and special survey costs | (320) | 0 | |
Gain on sale of vessels, net | 3,452 | 0 | |
Interest income | 50 | 0 | |
Interest and finance costs | (7,950) | (12) | |
Income from equity method investments | 0 | 0 | |
Net income for the period | 75,689 | 396 | |
Total Assets | 774,774 | 714,957 | |
Other [Member] | |||
Voyage revenue | 0 | 0 | |
Vessels’ operating expenses | 0 | 0 | |
Depreciation | 0 | 0 | |
Amortization of dry-docking and special survey costs | 0 | 0 | |
Gain on sale of vessels, net | 0 | 0 | |
Interest income | 0 | 0 | |
Interest and finance costs | 0 | 0 | |
Income from equity method investments | 776 | 4,951 | |
Net income for the period | 776 | 56,045 | |
Total Assets | 29,483 | 19,872 | |
Total [Member] | |||
Voyage revenue | 558,937 | 293,495 | |
Vessels’ operating expenses | (133,351) | (69,600) | |
Depreciation | (82,476) | (58,726) | |
Amortization of dry-docking and special survey costs | (5,646) | (4,847) | |
Gain on sale of vessels, net | 21,250 | 1,406 | |
Interest income | 138 | 1,489 | |
Interest and finance costs | (55,211) | (36,548) | |
Income from equity method investments | 776 | 4,951 | |
Net income for the period | 245,024 | $ 158,757 | |
Total Assets | $ 4,759,610 | $ 4,407,041 |
Note 5 - Current Assets_ Shor_2
Note 5 - Current Assets: Short-term Investments / Noncurrent Assets: Debt Securities, Held to Maturity, and Other Non-current Assets (Details Textual) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||
Apr. 11, 2022 | Jul. 16, 2014 | Jun. 30, 2021 | Mar. 31, 2021 | Mar. 31, 2021 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2020 | Dec. 31, 2016 | Dec. 31, 2014 | Dec. 31, 2021 | |
Write-off Deriving from Fair Value Measurement | $ 2,888,000 | ||||||||||
Amortization of Debt Discount (Premium) | $ 0 | $ (1,280,000) | |||||||||
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities | $ 0 | 8,183,000 | |||||||||
Equity Securities without Readily Determinable Fair Value, Amount | $ 51,094,000 | $ 51,094,000 | |||||||||
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 | $ 7,802,000 | ||||||||||
Equity Securities [Member] | Zim Integrated Services [Member] | |||||||||||
Investment Owned, Balance, Shares (in shares) | 1,221,800 | 1,221,800 | 1,221,800 | ||||||||
Investment Owned, at Fair Value | $ 54,895,000 | $ 54,895,000 | |||||||||
Equity Securities, FV-NI, Realized Gain (Loss), Total | 60,161 | ||||||||||
Debt Securities [Member] | |||||||||||
Debt Securities, Held-to-maturity, Total | 8,229,000 | ||||||||||
Amortization of Debt Discount (Premium) | $ 543,000 | ||||||||||
Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Total | $ 6,774,000 | ||||||||||
Debt Securities, Held-to-maturity, Allowance for Credit Loss, Ending Balance | $ 245,000 | $ 245,000 | 569,000 | ||||||||
Debt Securities [Member] | Other Nonoperating Income (Expense) [Member] | |||||||||||
Debt Securities, Held-to-maturity, Credit Loss Expense (Reversal) | (324,000) | $ (1,015,000) | |||||||||
Debt Securities [Member] | Zim 3.0% Series 1 Notes Due 2023 [Member] | |||||||||||
Debt Securities, Held-to-maturity, Total | 1,452,000 | 1,012,000 | $ 1,012,000 | $ 1,406,000 | |||||||
Debt Securities, Held-to-maturity, Fair Value, Total | 676,000 | ||||||||||
Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities | $ 394,000 | $ 46,000 | |||||||||
Debt Securities [Member] | Zim 5.0% Series 2 Notes Due 2023 [Member] | |||||||||||
Debt Securities, Held-to-maturity, Total | 6,777,000 | ||||||||||
Debt Securities, Held-to-maturity, Fair Value, Total | $ 3,567,000 | ||||||||||
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 | $ 7,789,000 | ||||||||||
US Treasury Bill Securities [Member] | |||||||||||
Investment Owned, Balance, Principal Amount | $ 10,000,000 | ||||||||||
Payments to Acquire Marketable Securities | $ 9,945,000 |
Note 7 - Vessels and Advances_3
Note 7 - Vessels and Advances, Net (Details Textual) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) | |
Dead Weight Tonnage of Dry-bulk Vessels | 2,436,134 | 2,320,750 | |
Vessel Held For Sale | $ 129,301 | $ 78,799 | |
Gain (Loss) on Sale Vessels | $ 21,250 | $ 1,406 | |
Number of Vessels Provided as Collaterals to Secure Loans | 106 | ||
Carrying Value of Vessels Provided as Collaterals to Secure Loans | $ 2,981,859 | ||
Number of vessels acquired under SPA | 4 | ||
Number of Unencumbered Vessels | 2 | ||
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 and Porto Germeno [Member] | |||
Twenty-foot Equivalent Units Measured on Each Vessel Acquired | 45,331 | ||
YM Target and YM Tiptop [Member] | |||
Twenty-foot Equivalent Units Measured on Each Vessel Acquired | 25,380 | ||
Builder, Pegasus and Adventure [Member] | |||
Number of dry-bulk vessels delivered | 3 | ||
Dead Weight Tonnage of Dry-bulk Vessels | 172,022 | ||
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 2009-built, Vessel [Member] | |||
Twenty-foot Equivalent Units Measured on Each Vessel Agreed to Acquire | 4,578 | ||
The 2008-built Vessel [Member] | |||
Twenty-foot Equivalent Units Measured on Each Vessel Agreed to Acquire | 4,578 | ||
Dry-bulk Vessels [Member] | |||
Number of Vessels Agreed to Acquire | 13 | ||
Dead Weight Tonnage of Vessels Agreed to Acquire | 619,718 | ||
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 | ||
Sealand Washington and Maersk Kalamata [Member] | |||
Number of Vessels Held for Sale | 3 | ||
Gain (Loss) on Assets Held for Sale | $ 55,194 | ||
Sealand Illinois, Sealand Michigan, York and Messini [Member] | |||
Vessel Held For Sale | $ 78,799 | ||
Amount Transferred from Deferred Charges | $ 3,742 | ||
Thunder and Messini [Member] | |||
Gain (Loss) on Sale Vessels | $ 21,250 | ||
Halifax Express [Member] | |||
Gain (Loss) on Sale Vessels | $ 1,406 | ||
Venetiko [Member] | |||
Number of Vessels Held for Sale | 3 | 3 |
Note 7 - Vessels and Advances_4
Note 7 - Vessels and Advances, Net - Summary of Vessels (Details) $ in Thousands | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Vessel Cost [Member] | |
Balance, Vessel Cost at beginning of the period | $ 4,687,896 |
Vessel acquisitions, advances and other vessels’ costs | 241,362 |
Vessel sales, transfers and other movements | (139,551) |
Balance, Vessel Cost at end of the period | 4,789,707 |
Accumulated Depreciation [Member] | |
Balance, Accumulated Depreciation at beginning of the period | (1,037,704) |
Depreciation | (79,161) |
Vessel sales, transfers and other movements | 71,114 |
Balance, Accumulated Depreciation at end of the period | (1,045,751) |
Net Book Value [Member] | |
Balance, Net Book Value at beginning of the period | 3,650,192 |
Depreciation | (79,161) |
Vessel acquisitions, advances and other vessels’ costs | 241,362 |
Vessel sales, transfers and other movements | (68,437) |
Balance, Net Book Value at end of the period | $ 3,743,956 |
Note 8 - Deferred Charges, Ne_2
Note 8 - Deferred Charges, Net (Details Textual) | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Number of Vessels Completed DD During Period | 9 | 8 |
Number of Vessels Survey in Process | 3 | 1 |
Note 8 - Deferred Charges, Ne_3
Note 8 - Deferred Charges, Net - Schedule of Deferred Charges, Net (Details) $ in Thousands | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Balance, at beginning of the period | $ 31,859 |
Additions | 21,393 |
Amortization | (5,646) |
Write-off and other movements (Note 7) | (1,668) |
Balance, at end of the period | $ 45,938 |
Note 9 - Costamare Ventures I_2
Note 9 - Costamare Ventures Inc. (Details Textual) | 6 Months Ended |
Jun. 30, 2022 | |
Participation of Company's Wholly Owned Subsidiary | 49% |
Number of Jointly Owned Companies | 6 |
Note 10 - Equity Method Inves_3
Note 10 - Equity Method Investments (Details Textual) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) | |
Income (Loss) from Equity Method Investments | $ 776 | $ 4,951 | |
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) | 6 Months Ended |
Jun. 30, 2022 | |
Steadman Maritime Co. [Member] | |
Participation percentage | 49% |
Date of establishment | Jul. 01, 2013 |
Smales Maritime Co. [Member] | |
Participation percentage | 49% |
Date of establishment | Jun. 06, 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 | 6 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Current assets | $ 836,053 | $ 426,124 | |
Total assets | 4,759,610 | 4,407,041 | |
Current liabilities | 475,505 | 370,027 | |
Non-current liabilities | 2,416,122 | 2,311,115 | |
Net income | 245,024 | $ 158,757 | |
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | |||
Current assets | 10,148 | 12,468 | |
Non-current assets | 93,424 | 92,770 | |
Total assets | 103,572 | 105,238 | |
Current liabilities | 8,316 | 6,576 | |
Non-current liabilities | 55,421 | 58,110 | |
Total liabilities | 63,737 | $ 64,686 | |
Voyage revenue | 10,741 | 29,457 | |
Net income | $ 1,585 | $ 11,480 |
Note 11 - Long-term Debt (Detai
Note 11 - Long-term Debt (Details Textual) € in Millions | 1 Months Ended | 6 Months Ended | 12 Months Ended | 18 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 ($) | Jul. 31, 2021 USD ($) | Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2019 USD ($) | Jun. 30, 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 | $ 2,766,179,000 | $ 2,467,321,000 | $ 2,766,179,000 | $ 2,467,321,000 | $ 2,766,179,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Current Maturities, Total | 373,750,000 | 272,365,000 | 373,750,000 | 272,365,000 | 373,750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Costs Capitalized to Vessels and Advances, Net | $ 465,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Expense, Total | 43,966,000 | 31,870,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Long-Term Debt, Total | 701,389,000 | $ 803,589,000 | 701,389,000 | $ 803,589,000 | 701,389,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Expense, Debt, Total | 44,597,000 | 31,858,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest and Finance Costs [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Expense, Debt, Total | 44,597,000 | 31,393,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Minimum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term Loan, Value Maintenance Clauses | 100% | 100% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Maximum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term Loan, Value Maintenance Clauses | 125% | 125% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revolving Credit Facility [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 0 | $ 0 | 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 | 25,925,000 | 79,348,000 | 25,925,000 | 79,348,000 | 25,925,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 12,570,000 | 12,570,000 | 12,570,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 30,100,000 | $ 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 | 73,928,000 | 103,423,000 | 73,928,000 | 103,423,000 | 73,928,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 41,926,200 | 41,926,200 | 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 | 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 | 55,254,000 | $ 0 | 55,254,000 | 0 | 55,254,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 26,807,500 | 26,807,500 | 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 | 8,943,000 | 7,417,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Arrangement, Share Purchase Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 32,022,000 | 32,022,000 | 32,022,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 77,435,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Expense, Total | 8,587,000 | 9,597,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing Arrangements [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Other Long-Term Debt, Total | $ 701,389,000 | $ 701,389,000 | $ 701,389,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term Loan and Other Financing Arrangements [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Weighted Average Interest Rate, at Point in Time | 3.60% | 3.30% | 3.60% | 3.30% | 3.60% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term Loan and Other Financing Arrangements [Member] | Minimum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate During Period | 2.66% | 1.82% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term Loan and Other Financing Arrangements [Member] | Maximum [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Interest Rate During Period | 4.78% | 4.80% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | $ 1,960,920,000 | $ 1,550,472,000 | $ 1,960,920,000 | $ 1,550,472,000 | $ 1,960,920,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Current Maturities, Total | 6,038,600 | 6,038,600 | 6,038,600 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 9,075,000 | 9,975,000 | 9,075,000 | 9,975,000 | 9,075,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 450,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 8,625,000 | 8,625,000 | 8,625,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 36,000,000 | 37,600,000 | 36,000,000 | 37,600,000 | 36,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement to Partially Finance the Acquisition of Megalopolis and Marathopolis, Tranche A [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 18,000,000 | 18,000,000 | 18,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 12,800,000 | 12,800,000 | 12,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement to Partially Finance the Acquisition of Megalopolis and Marathopolis, Tranche B [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 18,000,000 | 18,000,000 | 18,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 12,800,000 | 12,800,000 | 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 | 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 | 6,946,000 | 30,188,000 | 6,946,000 | 30,188,000 | 6,946,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Prepaid Payment on Principal | $ 21,242,000 | $ 10,615,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Long-term Debt, Total | $ 5,803,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Current Maturities, Total | 6,946,000 | 6,946,000 | 6,946,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Costamare Inc. 4 [Member] | Tranche A [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 6,000,000 | 6,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | $ 28,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Costamare Inc. 4 [Member] | Tranche B [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 946,000 | 946,000 | 946,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 90,400,000 | 98,000,000 | 90,400,000 | 98,000,000 | 90,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 14,400,000 | 14,400,000 | 14,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Adele Shipping Co Loan Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 68,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 51,500,000 | 54,500,000 | 51,500,000 | 54,500,000 | 51,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 26,000,000 | 26,000,000 | 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 | 118,210,000 | 123,990,000 | 118,210,000 | 123,990,000 | 118,210,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Costamare Inc. 5 [Member] | Three Tranches Per Tranche Info [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 39,403,000 | 39,403,000 | 39,403,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 963,300 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 26,880,000 | 26,880,000 | 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 | 68,875,000 | 72,898,000 | 68,875,000 | 72,898,000 | 68,875,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement to Partially Refinance Term Loan [Member] | Two Tranches Per Tranche Info [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 34,437,500 | 34,437,500 | 34,437,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,005,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 21,363,600 | 21,363,600 | 21,363,600 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 0 | $ 24,554,000 | 24,554,000 | 0 | 24,554,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 35,101,000 | 56,500,000 | 35,101,000 | 56,500,000 | 35,101,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 16,875,000 | 16,875,000 | 16,875,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 13,964,000 | $ 3,062,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Current Maturities, Total | 17,891,000 | 17,891,000 | 17,891,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement to Refinance Costamare Inc. 3 [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 14,915,000 | 54,400,000 | 14,915,000 | 54,400,000 | 14,915,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 8,555,000 | 8,555,000 | 8,555,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 35,885,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Current Maturities, Total | 6,928,000 | 6,928,000 | 6,928,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 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 | 2,025,000 | 4,050,000 | 2,025,000 | 4,050,000 | 2,025,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, 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 | 0 | 17,400,000 | 0 | 17,400,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 11,100,000 | 11,660,000 | 11,100,000 | 11,660,000 | 11,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 280,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 6,900,000 | 6,900,000 | 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 | 12,500,000 | 14,900,000 | 12,500,000 | 14,900,000 | 12,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Reddick Shipping Co. and Verandi Shipping Co Second Term Loan, Each Tranche [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 6,250,000 | 6,250,000 | 6,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 3,250,000 | 3,250,000 | 3,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Evantone Shipping Co. and Fortrose Shipping Co. Loan Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 23,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 19,250,000 | 20,750,000 | 19,250,000 | 20,750,000 | 19,250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 8,000,000 | 8,000,000 | 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 | 136,607,000 | 141,964,000 | 136,607,000 | 141,964,000 | 136,607,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Ainsley Maritime Co. and Ambrose Maritime Co. Loan Agreement Each Tranche [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 68,303,600 | 68,303,600 | 68,303,600 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,339,300 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 21,428,600 | 21,428,600 | 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 | 132,865,000 | 138,519,000 | 132,865,000 | 138,519,000 | 132,865,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Hyde Maritime Co. and Skerrett Maritime Co. Loan Agreement, Tranche A [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 66,432,700 | 66,432,700 | 66,432,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,413,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 31,096,200 | 31,096,200 | 31,096,200 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Hyde Maritime Co. and Skerrett Maritime Co. Loan Agreement, Tranche B [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 66,432,700 | 66,432,700 | 66,432,700 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,413,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 45,230,800 | 45,230,800 | 45,230,800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Kemp Maritime Co. Loan Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 67,300,000 | 70,350,000 | 67,300,000 | 70,350,000 | 67,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 28,600,000 | 28,600,000 | 28,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Vernes Shipping Co. Loan Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | $ 14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 0 | 12,650,000 | 0 | 12,650,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 81,847,000 | 125,360,000 | 81,847,000 | 125,360,000 | 81,847,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans Payable [Member] | Loan Agreement with 11 Companies, Refinancing Tranche [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 23,847,000 | 23,847,000 | 23,847,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,391,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 1,583,000 | 1,583,000 | 1,583,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 29,000,000 | 29,000,000 | 29,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 5,000,000 | 5,000,000 | 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 | 29,000,000 | 29,000,000 | 29,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 5,000,000 | 5,000,000 | 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 | 70,418,000 | 63,833,000 | 70,418,000 | 63,833,000 | 70,418,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 20,138,000 | 20,138,000 | 20,138,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 10,980,000 | 10,980,000 | 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 | 11,040,000 | 11,040,000 | 11,040,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 4,692,000 | 4,692,000 | 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 | 39,240,000 | 39,240,000 | 39,240,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 24,120,000 | 24,120,000 | 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 | 54,523,000 | 59,952,000 | 54,523,000 | 59,952,000 | 54,523,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 17,684,500 | 17,684,500 | 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 | 76,463,000 | 80,228,000 | 76,463,000 | 80,228,000 | 76,463,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 43,850,000 | 43,850,000 | 43,850,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | 13,250,000 | $ 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 | 30,115,000 | 43,480,000 | 30,115,000 | 43,480,000 | 30,115,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 9,190,000 | 9,190,000 | 9,190,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayments of Long-term Debt, Total | $ 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 | 50,978,000 | 0 | 50,978,000 | 0 | 50,978,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 1,547,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 21,583,000 | 21,583,000 | 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 | 77,500,000 | 0 | 77,500,000 | 0 | 77,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 19,000,000 | 19,000,000 | 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 | 10,800,000 | 0 | 10,800,000 | 0 | 10,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment, Total | 337,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 4,050,000 | 4,050,000 | 4,050,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 40,500,000 | 0 | 40,500,000 | 0 | 40,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 10,940,000 | 10,940,000 | 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 | 500,000,000 | 0 | 500,000,000 | 0 | 500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | 89,523,800 | 89,523,800 | 89,523,800 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Proceeds from Issuance of Debt | 500,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Debt [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | 103,870,000 | $ 113,260,000 | 103,870,000 | $ 113,260,000 | 103,870,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Unsecured Debt [Member] | The Bond [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Debt Instrument, Face Amount | € | € 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long-Term Debt, Gross | $ 103,870,000 | 103,870,000 | $ 103,870,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest Expense, Total | $ 1,469,000 | $ 321,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | Jun. 30, 2022 | Jan. 31, 2022 | Dec. 31, 2021 |
Long-term debt | $ 2,766,179 | $ 2,467,321 | |
Other financing arrangements | 701,389 | 803,589 | |
Less: Deferred financing costs | (26,038) | (25,238) | |
Total long-term debt, net | 2,740,141 | 2,442,083 | |
Less: Long-term debt current portion | (380,653) | (278,326) | |
Add: Deferred financing costs, current portion | 6,903 | 5,961 | |
Total long-term debt, non-current, net | 2,366,391 | 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 | 25,925 | 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 | 73,928 | 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 | 55,254 | 0 | |
Loans Payable [Member] | |||
Long-term debt | 1,960,920 | 1,550,472 | |
Loans Payable [Member] | Nerida Shipping Company Term Loan [Member] | |||
Long-term debt | 9,075 | 9,975 | |
Loans Payable [Member] | Loan Agreement to Partially Finance the Acquisition of Megalopolis and Marathopolis [Member] | |||
Long-term debt | 36,000 | 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 | 6,946 | 30,188 | |
Loans Payable [Member] | Bastian Shipping Co and Cadence Shipping Co Loan Agreement [Member] | |||
Long-term debt | 90,400 | 98,000 | |
Loans Payable [Member] | Adele Shipping Co Loan Agreement [Member] | |||
Long-term debt | 51,500 | 54,500 | |
Loans Payable [Member] | Costamare Inc. 5 [Member] | |||
Long-term debt | 118,210 | 123,990 | |
Loans Payable [Member] | Loan Agreement to Partially Refinance Term Loan [Member] | |||
Long-term debt | 68,875 | 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 | 35,101 | 56,500 | |
Loans Payable [Member] | Loan Agreement to Refinance Costamare Inc. 3 [Member] | |||
Long-term debt | 14,915 | 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 | 2,025 | 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 | 11,100 | 11,660 | |
Loans Payable [Member] | Reddick Shipping Co. and Verandi Shipping Co Second Term Loan [Member] | |||
Long-term debt | 12,500 | 14,900 | |
Loans Payable [Member] | Evantone Shipping Co. and Fortrose Shipping Co. Loan Agreement [Member] | |||
Long-term debt | 19,250 | 20,750 | |
Loans Payable [Member] | Ainsley Maritime Co. and Ambrose Maritime Co. Loan Agreement [Member] | |||
Long-term debt | 136,607 | 141,964 | |
Loans Payable [Member] | Hyde Maritime Co. and Skerrett Maritime Co. Loan Agreement [Member] | |||
Long-term debt | 132,865 | 138,519 | |
Loans Payable [Member] | Kemp Maritime Co. Loan Agreement [Member] | |||
Long-term debt | 67,300 | 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 | 81,847 | 125,360 | |
Loans Payable [Member] | Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co. Loan Agreement [Member] | |||
Long-term debt | 70,418 | 63,833 | |
Loans Payable [Member] | Acquisition of Pegasus, Eracle, Peace, Sauvan, Pride, Acuity, Comity and Athena [Member] | |||
Long-term debt | 54,523 | 59,952 | |
Loans Payable [Member] | Acquisition of Builder, Adventure, Manzanillo, Alliance, Seabird, Aeolian, Farmer and Greneta [Member] | |||
Long-term debt | 76,463 | 80,228 | |
Loans Payable [Member] | Refinance Term Loans for Equity, Thunder, Rose and Clara [Member] | |||
Long-term debt | 30,115 | 43,480 | |
Loans Payable [Member] | Refinance Term Loan for Bernis, Verity, Dawn, Discovery and Parity [Member] | |||
Long-term debt | 50,978 | 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 | 77,500 | 0 | |
Loans Payable [Member] | Hunting License Loan Agreement with 15 Companies [Member] | |||
Long-term debt | 10,800 | 0 | |
Loans Payable [Member] | Refinance Term Loan for Merida, Bermondi, Titan I and Uruguay [Member] | |||
Long-term debt | 40,500 | 0 | |
Loans Payable [Member] | Refinance Term Loans of 17 Companies [Member] | |||
Long-term debt | 500,000 | 0 | |
Unsecured Debt [Member] | |||
Long-term debt | $ 103,870 | $ 113,260 |
Note 11 - Long-term Debt - Annu
Note 11 - Long-term Debt - Annual Repayments Under Credit Facilities and Term Loans (Details) $ in Thousands | Jun. 30, 2022 USD ($) |
2022 | $ 217,904 |
2023 | 323,929 |
2024 | 292,964 |
2025 | 470,744 |
2026 | 557,921 |
2027 and thereafter | 902,717 |
Total | $ 2,766,179 |
Note 11 - Long-term Debt - Fina
Note 11 - Long-term Debt - Financing Costs Included in Loan Balances (Details) $ in Thousands | 6 Months Ended |
Jun. 30, 2022 USD ($) | |
Balance, at beginning of the period | $ 25,716 |
Additions | 5,825 |
Amortization and write-off | (5,616) |
Transfers and other movements | 113 |
Balance, at end of period | 26,038 |
Less: Current portion of financing costs | (6,903) |
Financing costs, non-current portion | $ 19,135 |
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 | 6 Months Ended | ||||||||||
Jul. 12, 2019 | Jan. 01, 2019 | Jun. 19, 2017 | Jul. 15, 2016 | Apr. 30, 2014 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 15, 2022 | Jun. 08, 2022 | Dec. 31, 2021 | Sep. 30, 2020 | May 31, 2019 | |
Sale Leaseback Transaction, Historical Cost | $ 452,564 | |||||||||||
Finance Lease, Right-of-Use Asset, Amortization | $ 3,284 | $ 3,713 | ||||||||||
Sale Leaseback Transaction, Accumulated Depreciation | 0 | 35,220 | ||||||||||
Sale Leaseback Transaction, Net Book Value, Total | 0 | $ 191,303 | ||||||||||
Finance Lease, Interest Expense | $ 2,109 | $ 2,406 | ||||||||||
Reclassification from Prepaid Lease Rentals to Right-of-use Assets [Member] | ||||||||||||
Current Period Reclassification Adjustment | $ 42,919 | |||||||||||
Reclassification from Deferred Gain, Net to Right-of-use Assets [Member] | ||||||||||||
Current Period Reclassification Adjustment | $ 3,557 | |||||||||||
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 | Jun. 30, 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 | 6 Months Ended | 12 Months Ended | |||
Mar. 29, 2021 | Nov. 12, 2018 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Accrued Charter Revenue, Net | $ (28,052) | $ (22,980) | |||
Accrued Charter Revenue, Current | 7,524 | 7,361 | |||
Accrued Charter Revenue, Noncurrent | 7,144 | 8,183 | |||
Amortization of Time Charter Assumed, Liability | 0 | 621 | |||
Amortization of Assumed Time Charter, Asset | 98 | $ 97 | |||
York [Member] | |||||
Finite-Lived Intangible Assets, Net, Ending Balance | 767 | 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 | $ 42,720 | $ 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 | Jun. 30, 2022 USD ($) |
2022 | $ (330) |
2023 | (254) |
2024 | (11,543) |
2025 | (13,506) |
2026 and thereafter | (2,419) |
Total | $ (28,052) |
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 | Jun. 30, 2022 | Dec. 31, 2021 |
Unearned Revenue | $ 60,618 | $ 57,697 |
Less current portion | (26,040) | (23,830) |
Non-current portion | 34,578 | 33,867 |
Unearned Revenues Regarding Hires Collected in Advance [Member] | ||
Unearned Revenue | 17,898 | 19,173 |
Unearned Revenues Regarding Charter Revenues Resulting from Varying Charter Rates [Member] | ||
Unearned Revenue | $ 42,720 | $ 38,524 |
Note 14 - Commitments and Con_3
Note 14 - Commitments and Contingencies (Details Textual) | 6 Months Ended |
Jun. 30, 2022 | |
Number of Dry-bulk Vessels with Index-linked Time Charter Rate | 22 |
Number of Dry-bulk Vessels Not Secured Employment | 5 |
Future Minimum Contractual Charter Revenues Assumptions [Member] | |
Revenue Days Per Annum (Day) | 365 days |
Time Charter Arrangements Remaining Terms Period (Month) | 111 months |
Note 14 - Commitments and Con_4
Note 14 - Commitments and Contingencies - Schedule of Time Charter Arrangements (Details) $ in Thousands | Jun. 30, 2022 USD ($) |
2022 | $ 426,802 |
2023 | 779,044 |
2024 | 705,932 |
2025 | 540,179 |
2026 | 283,862 |
2027 and thereafter | 479,904 |
Total | $ 3,215,723 |
Note 15 - Common Stock and Ad_2
Note 15 - Common Stock and Additional Paid-in Capital (Details Textual) - USD ($) $ / shares in Units, $ in Thousands | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | 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) | 4,089,409 | 0 | |||
Treasury Stock, Value, Acquired, Cost Method | $ 52,356 | ||||
Common Stock, Shares, Issued (in shares) | 125,979,952 | ||||
Common Stock, Shares, Outstanding, Ending Balance (in shares) | 121,890,543 | ||||
Dividends, Preferred Stock, Cash | $ 15,534 | $ 15,534 | |||
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] | |||||
Dividends, Common Stock, Cash | $ 9,360 | ||||
Common Stock Dividends, Shares (in shares) | 275,457 | ||||
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 | ||||
Common Stock [Member] | |||||
Stock Issued During Period, Shares, New Issues (in shares) | 1,994,848 | 937,523 | |||
Stock Repurchase Program, Authorized Amount | $ 150,000 | ||||
Treasury Stock, Shares, Acquired (in shares) | 0 | ||||
Treasury Stock, Value, Acquired, Cost Method | $ 0 | ||||
Dividends, Preferred Stock, Cash | $ 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 Dividend Reinvestment Plan [Member] | |||||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.0001 | $ 0.0001 | |||
Stock Issued During Period, Shares, New Issues (in shares) | 1,695,648 | 1,226,066 | |||
Shares Issued, Price Per Share (in dollars per share) | $ 13.2961 | $ 10.3224 | |||
Series B Preferred Stock [Member] | October 15, 2020 to January 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] | January 15, 2021 to April 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] | Preferred Stock [Member] | |||||
Stock Issued During Period, Shares, New Issues (in shares) | 0 | 0 | |||
Treasury Stock, Shares, Acquired (in shares) | 0 | ||||
Treasury Stock, Value, Acquired, Cost Method | $ 0 | ||||
Dividends, Preferred Stock, Cash | 0 | $ 0 | |||
Series C Preferred Stock [Member] | October 15, 2020 to January 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] | 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] | 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] | Preferred Stock [Member] | |||||
Stock Issued During Period, Shares, New Issues (in shares) | 0 | 0 | |||
Treasury Stock, Shares, Acquired (in shares) | 0 | ||||
Treasury Stock, Value, Acquired, Cost Method | $ 0 | ||||
Dividends, Preferred Stock, Cash | 0 | $ 0 | |||
Series D Preferred Stock [Member] | October 15, 2020 to January 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] | 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] | 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] | Preferred Stock [Member] | |||||
Stock Issued During Period, Shares, New Issues (in shares) | 0 | 0 | |||
Treasury Stock, Shares, Acquired (in shares) | 0 | ||||
Treasury Stock, Value, Acquired, Cost Method | $ 0 | ||||
Dividends, Preferred Stock, Cash | 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] | 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] | Preferred Stock [Member] | |||||
Stock Issued During Period, Shares, New Issues (in shares) | 0 | 0 | |||
Treasury Stock, Shares, Acquired (in shares) | 0 | ||||
Treasury Stock, Value, Acquired, Cost Method | $ 0 | ||||
Dividends, Preferred Stock, Cash | $ 0 | $ 0 | |||
Common Stock Issued for the Services Agreement [Member] | |||||
Stock Issued During Period, Shares, Issued for Services (in shares) | 299,200 | 299,200 | |||
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.0001 | $ 0.0001 |
Note 16 - Earnings Per Share (D
Note 16 - Earnings Per Share (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Dividends, Preferred Stock, Total | $ 15,448 | $ 15,448 |
Note 16 - Earnings Per Share -
Note 16 - Earnings Per Share - Schedule of Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Net income | $ 245,024 | $ 158,757 |
Less: paid and accrued earnings allocated to Preferred Stock | (15,448) | (15,448) |
Net income available to common stockholders | $ 229,576 | $ 143,309 |
Weighted average number of common shares, basic and diluted (in shares) | 124,228,628 | 122,615,427 |
Earnings per common share, basic and diluted (in dollars per share) | $ 1.85 | $ 1.17 |
Note 17 - Interest and Financ_3
Note 17 - Interest and Finance Costs - Schedule of Income Statement Related Costs (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Interest expense | $ 43,966 | $ 31,870 |
Interest capitalized | 0 | (465) |
Swap effect | 2,742 | 2,394 |
Amortization and write-off of financing costs | 5,615 | 2,498 |
Bank charges and other financing costs | 2,888 | 251 |
Total | $ 55,211 | $ 36,548 |
Note 18 - Taxes (Details Textua
Note 18 - Taxes (Details Textual) | 6 Months Ended |
Jun. 30, 2022 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 50% |
US Related Gross Transportation Income That Tax Applies | 4% |
Note 19 - Derivatives (Details
Note 19 - Derivatives (Details Textual) $ in Thousands | 6 Months Ended | ||
Jun. 30, 2022 USD ($) | Jun. 30, 2021 USD ($) | Dec. 31, 2021 USD ($) | |
Number of Foreign Currency Derivatives Held | 9 | 6 | |
Foreign Currency Fair Value Hedge Derivative at Fair Value, Net, Total | $ 22,500 | $ 15,000 | |
Derivative, Average Forward Exchange Rate | 1.1059 | 1.1668 | |
Gain (Loss) on Foreign Currency Fair Value Hedge Derivatives | $ 720 | $ 823 | |
Foreign Currency Fair Value Hedge Liability at Fair Value | 1,126 | $ 406 | |
Realized Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments | 0 | $ 0 | |
Designated as Hedging Instrument [Member] | |||
Derivative, Notional Amount | 890,437 | 569,177 | |
Interest Rate Fair Value Hedge Liability at Fair Value | 10,882 | ||
Interest Rate Fair Value Hedge Asset at Fair Value | $ 17,417 | ||
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 Exceeds 3%Percent [Member] | Designated as Hedging Instrument [Member] | |||
Number of Interest Rate Derivatives Held | 11 | ||
Derivative, Notional Amount | $ 322,547 | ||
Interest Rate Cap [Member] | |||
Derivative, Notional Amount | 377,331 | ||
Derivative, Cost of Hedge | 8,548 | ||
Interest Rate Cap [Member] | Designated as Hedging Instrument [Member] | |||
Interest Rate Cash Flow Hedge Asset at Fair Value | 9,398 | ||
Interest Rate Swap [Member] | Designated as Hedging Instrument [Member] | |||
Derivative, Notional Amount | $ 225,000 | ||
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 6,776 | ||
Cross Currency Interest Rate Contract [Member] | Designated as Hedging Instrument [Member] | |||
Derivative, Notional Amount | $ 122,375 |
Note 19 - Derivatives - Cross C
Note 19 - Derivatives - Cross Currency Swaps (Details) $ in Thousands, € in Millions | Jun. 30, 2022 USD ($) | Jun. 30, 2022 EUR (€) |
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 | $ (8,834) | |
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 | $ (8,750) | |
Cross Currency Interest Rate Contract [Member] | ||
Fair value | $ (17,584) |
Note 19 - Derivatives - Effect
Note 19 - Derivatives - Effect of Derivative Instruments (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Interest rate swaps, cross-currency swaps and interest rate caps | $ 24,069 | $ (2,377) |
Reclassification to Interest and finance costs | 2,742 | 2,394 |
Total | $ 26,811 | $ 17 |
Note 19 - Derivatives - Derivat
Note 19 - Derivatives - Derivatives Not Designated as Hedging Instruments and Ineffectiveness of Hedging Instruments (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Non-hedging interest rate swaps | $ (190) | $ (189) |
Forward contracts | (720) | (823) |
Total | $ (910) | $ (1,012) |
Note 20 - Financial Instrumen_3
Note 20 - Financial Instruments (Details Textual) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Derivative Assets (Liabilities), at Fair Value, Net, Total | $ 17,417 | $ (10,882) |
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value | 1,126 | 406 |
Unsecured Debt [Member] | The Bond [Member] | ||
Long-Term Debt, Fair Value | $ 101,151 | $ 113,260 |
Note 20 - Financial Instrumen_4
Note 20 - Financial Instruments - Fair Value of Assets and Liabilities (Details) - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Forward contracts-liability position | $ (1,126) | $ (406) |
Fair Value, Recurring [Member] | ||
Total | (11,288) | |
Total | 16,291 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Total | 0 | |
Total | 0 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Total | (11,288) | |
Total | 16,291 | |
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Total | 0 | |
Total | 0 | |
Fair Value, Recurring [Member] | Foreign Exchange Forward [Member] | ||
Forward contracts-liability position | (1,126) | (406) |
Fair Value, Recurring [Member] | Foreign Exchange Forward [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Forward contracts-liability position | 0 | 0 |
Fair Value, Recurring [Member] | Foreign Exchange Forward [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Forward contracts-liability position | (1,126) | (406) |
Fair Value, Recurring [Member] | Foreign Exchange Forward [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Forward contracts-liability position | 0 | 0 |
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | ||
Interest rate -liability position | (4,145) | |
Interest rate -asset position | 25,603 | 3,429 |
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Interest rate -liability position | 0 | |
Interest rate -asset position | 0 | 0 |
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Interest rate -liability position | (4,145) | |
Interest rate -asset position | 25,603 | 3,429 |
Fair Value, Recurring [Member] | Interest Rate Swap [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Interest rate -liability position | 0 | |
Interest rate -asset position | 0 | 0 |
Fair Value, Recurring [Member] | Interest Rate Cap [Member] | ||
Interest rate -asset position | 9,398 | |
Fair Value, Recurring [Member] | Interest Rate Cap [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Interest rate -asset position | 0 | |
Fair Value, Recurring [Member] | Interest Rate Cap [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Interest rate -asset position | 9,398 | |
Fair Value, Recurring [Member] | Interest Rate Cap [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Interest rate -asset position | 0 | |
Fair Value, Recurring [Member] | Cross Currency Interest Rate Contract [Member] | ||
Interest rate -liability position | (17,584) | (10,166) |
Fair Value, Recurring [Member] | Cross Currency Interest Rate Contract [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Interest rate -liability position | 0 | 0 |
Fair Value, Recurring [Member] | Cross Currency Interest Rate Contract [Member] | Fair Value, Inputs, Level 2 [Member] | ||
Interest rate -liability position | (17,584) | (10,166) |
Fair Value, Recurring [Member] | Cross Currency Interest Rate Contract [Member] | Fair Value, Inputs, Level 3 [Member] | ||
Interest rate -liability position | $ 0 | $ 0 |
Note 21 - Comprehensive Income
Note 21 - Comprehensive Income (Details Textual) - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
Other Comprehensive Income (Loss), Net of Tax, Total | $ 28,814 | $ (948) |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), before Reclassification, after Tax | 24,069 | (2,377) |
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax | 2,742 | 2,394 |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net, Total | 1,972 | (996) |
Amounts Reclassified From Net Settlements on Interest Rate Swaps Qualifying for Hedge Accounting to Depreciation | $ (31) | $ (31) |
Note 22 - Subsequent Events (De
Note 22 - Subsequent Events (Details Textual) $ / shares in Units, $ in Thousands | 1 Months Ended | 6 Months Ended | 12 Months Ended | |
Jul. 01, 2022 $ / shares | Jul. 31, 2022 USD ($) shares | Jun. 30, 2022 USD ($) shares | Dec. 31, 2021 USD ($) shares | |
Treasury Stock, Shares, Acquired (in shares) | shares | 4,089,409 | 0 | ||
Treasury Stock, Value, Acquired, Cost Method | $ | $ 52,356 | |||
Number of Foreign Currency Derivatives Held | 9 | 6 | ||
Foreign Currency Fair Value Hedge Derivative at Fair Value, Net, Total | $ | $ 22,500 | $ 15,000 | ||
Derivative, Average Forward Exchange Rate | 1.1059 | 1.1668 | ||
Common Stock [Member] | ||||
Treasury Stock, Shares, Acquired (in shares) | shares | 0 | |||
Treasury Stock, Value, Acquired, Cost Method | $ | $ 0 | |||
Subsequent Event [Member] | ||||
Treasury Stock, Shares, Acquired (in shares) | shares | 647,293 | |||
Treasury Stock, Value, Acquired, Cost Method | $ | $ 7,739 | |||
Number of Foreign Currency Derivatives Held | 9 | |||
Foreign Currency Fair Value Hedge Derivative at Fair Value, Net, Total | $ | $ 22,500 | |||
Derivative, Average Forward Exchange Rate | 1.0505 | |||
Subsequent Event [Member] | Series B Preferred Stock [Member] | ||||
Dividends Payable, Amount Per Share (in dollars per share) | $ / shares | $ 0.476563 | |||
Dividends Payable, Date Declared | Jul. 01, 2022 | |||
Dividends Payable, Date to be Paid | Jul. 15, 2022 | |||
Dividends Payable, Date of Record | Jul. 14, 2022 | |||
Subsequent Event [Member] | Series C Preferred Stock [Member] | ||||
Dividends Payable, Amount Per Share (in dollars per share) | $ / shares | $ 0.531250 | |||
Dividends Payable, Date Declared | Jul. 01, 2022 | |||
Dividends Payable, Date to be Paid | Jul. 15, 2022 | |||
Dividends Payable, Date of Record | Jul. 14, 2022 | |||
Subsequent Event [Member] | Series D Preferred Stock [Member] | ||||
Dividends Payable, Amount Per Share (in dollars per share) | $ / shares | $ 0.546875 | |||
Dividends Payable, Date Declared | Jul. 01, 2022 | |||
Dividends Payable, Date to be Paid | Jul. 15, 2022 | |||
Dividends Payable, Date of Record | Jul. 14, 2022 | |||
Subsequent Event [Member] | Series E Preferred Stock [Member] | ||||
Dividends Payable, Amount Per Share (in dollars per share) | $ / shares | $ 0.554688 | |||
Dividends Payable, Date Declared | Jul. 01, 2022 | |||
Dividends Payable, Date to be Paid | Jul. 15, 2022 | |||
Dividends Payable, Date of Record | Jul. 14, 2022 | |||
Subsequent Event [Member] | Common Stock [Member] | ||||
Dividends Payable, Amount Per Share (in dollars per share) | $ / shares | $ 0.115 | |||
Dividends Payable, Date Declared | Jul. 01, 2022 | |||
Dividends Payable, Date to be Paid | Aug. 08, 2022 | |||
Dividends Payable, Date of Record | Jul. 21, 2022 |