- Business
- Costamare Inc. Costamare Inc. (NYSE:CMRE) owns and provides containerships to liner companies worldwide on long-term time charters; it also participates in leasing arrangements for containerships. The company, founded in 1974 and headquartered in Monaco, operates a fleet of 69 containerships with total capacity of approximately 520,000 TEU, plus six newbuild containerships of 18,600 TEU capacity under construction; vessels range in size to serve major liner operators including Maersk, MSC and CMA CGM across global trade routes. Costamare Inc. maintains in-house technical management, crewing and compliance services for its fleet, targeting stable revenue through multi-year charters with over 40 liner and logistics partners in Asia, Europe and the US. In 2025, the company completed the spin-off of its dry bulk business into Costamare Bulkers Holdings Limited via pro rata distribution to shareholders on May 6, with Costamare Bulkers shares listing on NYSE under CMDB; it also reported third quarter 2025 results, declared quarterly dividends on common and preferred stock, elected Class III directors, and continues fleet expansion through newbuilds and secondhand acquisitions such as the 6,541-TEU Maersk Puelo chartered to Maersk until October 2026.