New York-listed shipowner and operator Costamare Inc. (CMRE) spin-off Costamare Bulkers chartered out six (6) newcastlemax bulk carriers to Germany-based RWE Supply and Trading for long-term periods. Costamare Bulkers Services Pte. Ltd. is established in Singapore on 20 September 2022 as a private company. Gregory Zikos-led Costamare Inc backs Costamare Bulkers Services Pte. Ltd’s more than half of fleet now includes newcastlemax bulk carriers. Costamare Bulkers Services Pte. Ltd controlled all newcastlemax bulk carriers are all fitted with scrubbers and have been chartered for three to four years in an en-bloc deal. New York-listed shipowner and operator Costamare Inc. (CMRE) spin-off Costamare Bulkers chartered out 2021 built newcastlemax bulk carrier 211K DWT MV Shandong Happiness, 2021 built newcastlemax bulk carrier 211K DWT MV Shandong Innovation, 2021 built newcastlemax bulk carrier 211K DWT MV Shandong Mightiness, 2021 built newcastlemax bulk carrier 211K DWT MV Shandong Prosperity, 2021 built newcastlemax bulk carrier 210K DWT MV Shandong Mission, and 2022 built newcastlemax bulk carrier 210K DWT MV Shandong Renaissance. 26-February-2023
New York-listed shipowner and operator Costamare Inc. (CMRE) established Costamare Bulkers Services Pte. Ltd. Costis Constantakopoulos-led Costamare Group appointed Ex-Oldendorff team and set up commercial offices in Copenhagen, Hamburg, and Singapore for Costamare Bulkers Services. Costamare Bulkers Services Pte. Ltd. is established in Singapore on 20 September 2022 as a private company. Ex-Oldendorff employees will handle commercial management of supramax, panamax, and capesize bulk carriers at Costamare Bulkers Services Pte. Ltd. Costamare Bulkers Services’ commercial offices are established in Copenhagen, Hamburg, and Singapore will be backed by Costamare Group. Currently, Costamare Bulkers Services Pte. Ltd. operates 45 bulk carriers. 1-November-2022
New York-listed shipowner and operator Costamare sold 2009 built supramax bulk carrier 57K DWT MV Thunder to a Chinese shipowner and operator for around $18 million. New York-listed shipowner and operator Costamare entered into bulker segment 2021. Costamare owns one of the industry’s largest fleets of containerships for charter. In 2021, Costamare acquired 46 dry bulk carriers of diverse sizes (7 Kamsarmax Bulk Carriers, 1 Panamax Bulk Carrier, 5 Ultramax Bulk Carriers, 17 Supramax Bulk Carriers, 16 Handysize Bulk Carriers), these bulk carriers will serve short, medium and long-haul dry bulk trade routes worldwide. In July 2021, Costamare acquired 2009 built supramax bulk carrier 57K DWT MV Thunder for around $14 million. 6-May-2022
Handysize bulk carriers have been providing freight earnings unseen in recent years. The handysize bulk carrier market keeps surprising all market players. On 23 July 2021, the Baltic Exchange Handysize Index (BHSI) bounced to 1,736 points which is the highest point since September 2008. Especially, handysize bulk carriers have been quick to profit from the uneven nature of the post-Covid global economic recovery. Furthermore, old handysize bulk carriers previously considered to be more or less out-of-date have been in tremendous demand. Consequently, handysize bulk carriers are on the shopping lists of prominent Greek shipowners. Athen-based Brave Maritime, Costamare, Alma Shipmanagement & Trading, and Evalend Shipping have been investing in handysize bulk carriers. 25-July-2021
New York-listed shipowner and operator Costamare Inc. (CMRE), which had been a pure-play containership shipowner until the company acquired up to sixteen (16) dry bulk carriers in June 2021. Today, Costamare Inc. published that the company added tween (12) dry bulk carriers. Costamare Inc. (CMRE) is led by Costis Constantakopoulos. According to Costamare Inc. (CMRE), dry bulk carriers are undervalued relative to their current and forward-implied earnings potential. The latest dry bulk carrier acquisitions make Costamare Inc. (CMRE one of the most rapidly expanding companies in the dry bulk market. 2-July-2021