Costamare Inc. (Costamare) is an international owner of containerships, chartering the Company�s vessels to liner companies. As of February 17, 2014, the Company had a fleet of 67 containerships with a total capacity in excess of 445,000 twenty feet equivalent unit (TEU). The Company�s containerships operate primarily under multi-year time charters and therefore are not subject to the effect of seasonal variations in demand. As of February 17, 2014, the average (weighted by TEU capacity) remaining time-charter duration for its fleet of 67 containerships was approximately five years, based on the remaining fixed terms and assuming the exercise of any owner�s options and the non-exercise of any charterer�s options under its containerships� charters. The Company�s customers include international liner companies, including A.P. Moller-Maersk, COSCO, Evergreen, Hapag Lloyd, Hyundai Merchant Marine Co., Ltd., MSC, CMA CGM S.A., China Shipping Container Lines Co., Ltd. and Zim.