Costamare Inc. (Costamare) is an owner of containerships, chartering its vessels to global liner companies. As of October 15, 2010, it had a fleet of 41 containerships aggregating 211,882 twenty foot equivalent units. Its containerships operate under multi-year charters. Its customers include A.P. Moller-Maersk, MSC and COSCO. As of October 15, 2010, the average remaining time charter duration for its fleet of 41 containerships was 5.6 years. The Company is wholly owned by the Konstantakopoulos family. The Comapny operates through a range of wholly owned vessel-owning subsidiaries incorporated in the Republic of Liberia. On September 21, 2010, it contracted with China Shipbuilding Trading Company Limited and Shanghai Jiangnan Changxing Heavy Industry Co., Ltd. for the construction and purchase of three newbuild containerships, each of 9,000 twenty foot equivalent unit capacity.