Costamare Bulkers Holdings Limited is a pure-play dry bulk shipping company that provides seaborne transportation services for industrial users, commodity traders, and producers worldwide. Headquartered in Monaco, the company was established as a standalone public entity in 2025 following its spin-off from Costamare Inc., which had initially built the dry bulk platform starting in 2021.
The company's business model combines traditional vessel ownership with an active commercial operating platform known as Costamare Bulkers Inc. (CBI). Costamare Bulkers generates revenue primarily through the operation of its owned fleet of dry bulk vessels—ranging from Supramax to Capesize—and through its commercial platform that charters in third-party vessels. The company employs a mix of time charters, voyage charters, and contracts of affreightment to match cargo demand with freight-market conditions, transporting major and minor bulk commodities such as iron ore, coal, grains, bauxite, and fertilizers. Additionally, the company utilizes forward freight agreements and hedging solutions to manage its exposure to volatile freight rates.
Geographically, the company operates on a global scale, serving commodity flows across both the Atlantic and Pacific basins without being tied to a single domestic market. In late 2025, Costamare Bulkers entered into a strategic cooperation agreement with Cargill International, transferring a majority of its trading book to Cargill to reduce exposure to the volatile trading business and generate more stable earnings, while maintaining its core operating platform. This strategic partnership enhances its competitive position by aligning with a major global freight trader and collaborating on decarbonization and co-investment opportunities.
