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Costamare Inc. (CMRE) is an international owner and operator of containerships and dry bulk vessels. The company engages in the worldwide transportation of containerized and dry bulk cargoes by chartering its vessels to some of the world's largest liner companies and a wide variety of customers. CMRE sells transportation services through its fleet of containerships and dry bulk vessels, focusing on long-term charters for containerships and flexible chartering for dry bulk vessels.
- Container Vessels Segment - Provides transportation of containerized products through ownership and operation of container vessels.
- CBI Segment (Dry Bulk Operating Platform) - Charters-in/out dry bulk vessels and enters into contracts of affreightment, FFAs, and utilizes hedging solutions.
- Dry Bulk Vessels Segment - Offers transportation of dry bulk cargoes through ownership and operation of dry bulk vessels.
- Investment in Leaseback Vessels through NML Segment - Acquires and bareboat charters out vessels to seller-lessees, who have the obligation to purchase the vessel at the end of the agreement.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Gregory Zikos ExecutiveBoard | Chief Financial Officer | Gregory Zikos has been the Chief Financial Officer of Costamare Inc. since 2007 and a Class II Director on the board since 2010. Previously, he served as CFO at DryShips, Inc. from 2006 to 2007. | ||
Konstantinos Konstantakopoulos ExecutiveBoard | Chief Executive Officer and Chairman of the Board | President, Chief Executive Officer, and Director of Costamare Shipping ; Controls Costamare Services ; Board Member of the Union of Greek Shipowners | Konstantinos Konstantakopoulos has been the Chief Executive Officer and Chairman of Costamare Inc. since 2008. His leadership is further reflected in his role as Class III Director with a term expiring in 2025. | View Report → |
Anastassios Gabrielides Executive | General Counsel and Secretary | Anastassios Gabrielides has served as the General Counsel and Secretary at Costamare Inc. (CMRE) since May 2013, and he also acts as a director and secretary of Costamare Services. He has previously held significant roles at the Hellenic Capital Markets Commission and the Alexander S. Onassis Foundation. | ||
Charlotte Stratos Board | Member of the Board of Directors | Independent Director at Okeanis Eco Tankers Corp. | Charlotte Stratos is a board member at CMRE with extensive experience in shipping finance and strategic advisory roles, including chairing the Audit Committee and serving on the Corporate Governance, Nominating and Compensation Committee. She has been serving on the board since 2010 and holds external roles such as Independent Director at Okeanis Eco Tankers Corp.. | |
Konstantinos Zacharatos Board | Class I Director | Vice Chairman of Shanghai Costamare ; Board Member of Costamare Shipping | Konstantinos Zacharatos has served as a Class I Director on the board of CMRE since 2008. He previously held the role of General Counsel and Secretary until April 2013. | |
Vagn Lehd Møller Board | Class II Director | Member of the board of directors at Costamare Inc. (2010–Present) | Vagn Lehd Møller has served as a Class II Director at CMRE since 2010 and is an active member of the audit committee as well as the corporate governance, nominating, and compensation committee. He is a seasoned leader with over 40 years of experience in the shipping and logistics industries, having held key executive and board positions across multiple companies. |
- Considering that recent charter agreements were signed when the Red Sea crisis persisted and some liners are still hesitant to resume the traditional route, how do you expect normalization to impact charter rates and contract durations in the containership market moving forward?
- With Neptune Maritime Leasing’s pipeline totaling nearly $500 million in future commitments, what key risk factors or financing constraints might limit your ability to deploy additional shareholder equity in upcoming deals?
- Given your current net long position in the CBI chartered-in fleet and your stated aim for a balanced book, what specific market indicators would prompt you to shift these positions, and how might such adjustments influence overall profitability?
- In light of the ongoing softness in the dry bulk market and the decline in charter rates noted in Q4 2024 and Q1 2025, what measures will management take to mitigate risk if the forward curve fails to deliver the anticipated improvement?
- With recent vessel acquisitions and disposals alongside secured financing for a large portion of your dry bulk fleet, how do you plan to translate these initiatives into enhanced operational flexibility and a stronger return on investment in an increasingly volatile market?
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Neptune Maritime Leasing Limited (NML) | 2023 |
Recent press releases and 8-K filings for CMRE.
- Costamare Inc. has approved a spin-off of its dry bulk business into a new standalone company, Costamare Bulkers Holdings Limited, with each shareholder set to receive one Costamare Bulkers share for every five Costamare Inc. shares held as of April 29, 2025.
- The planned transaction includes key dates: record date on April 29, 2025, distribution on May 6, 2025, and the new entity’s listing on May 7, 2025 under the ticker CMDB; Morgan Stanley is advising on the transaction.
- Costamare Inc. announced the spin-off of its dry bulk business into a new standalone company, Costamare Bulkers Holdings Limited, while retaining its global container shipping operations.
- The spin-off is expected to occur via a pro rata distribution to current shareholders, with shares of the new entity anticipated to be listed on the NYSE, pending regulatory and board approvals.
- Costamare Inc. announced that its Annual Report on Form 20-F for the year ended December 31, 2024, which includes the complete audited financial statements, is now available through the filed 6-K document.
- Stockholders may request a hard copy of the Annual Report free of charge by contacting the investor relations manager at .