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Costamare Inc. Completes Spin-Off of Dry Bulk Business

Strategic Insights

— 1 min read

Costamare Inc., a leading global container shipping provider, has successfully completed the spin-off of its dry bulk business into a standalone public company, Costamare Bulkers Holdings Limited. This move transforms Costamare Inc. into a predominantly global container shipping provider, while maintaining its presence in Neptune Maritime Leasing. The spin-off has created a new publicly traded company, Costamare Bulkers, which will be listed on the NYSE under the ticker symbol "CMDB". Costamare Inc. will continue to trade on the NYSE under the ticker symbol "CMRE".

Key Takeaways:

  • The spin-off of Costamare Bulkers has transformed Costamare Inc. into a predominantly global container shipping provider.
  • The new company, Costamare Bulkers, will be listed on the NYSE under the ticker symbol "CMDB" and will commence trading on the same day.
  • Costamare Inc. will continue to trade on the NYSE under the ticker symbol "CMRE".
  • Costamare Inc. has a fleet of 68 owned containerships with a total capacity of approximately 513,000 TEU.
  • The company participates in a leasing business and owns containerships for charter.
  • The spin-off is expected to benefit shareholders and provide strategic benefits to both companies.
  • The forward-looking statements made by the company are subject to various risks and uncertainties that may impact the outcome of these actions.

Statistics:

  • Costamare Inc. has a fleet of 68 owned containerships.
  • The fleet has a total capacity of approximately 513,000 TEU.
  • The company has 51 years of history in the international shipping industry.
  • The spin-off of Costamare Bulkers creates a new publicly traded company.
  • Costamare Bulkers will be listed on the NYSE under the ticker symbol "CMDB".
  • Costamare Inc. will continue to be listed on the NYSE under the ticker symbol "CMRE".

Sources:

  • Costamare Inc. press release, May 07, 2025 (GLOBE NEWSWIRE)
  • Company Contacts: Gregory Zikos and Konstantinos Tsakalidis (Costamare Inc., Monaco)

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