Costamare Inc. is a prominent international shipping company that primarily owns and operates a large fleet of containerships and dry bulk vessels. The company's core business model involves chartering its containerships to major liner companies under long-term, fixed-rate time charters, which provides stable and predictable cash flows while mitigating seasonal variations in demand. In addition to its containership operations, Costamare has diversified into the dry bulk sector, transporting a variety of dry bulk commodities globally. The company operates through four main segments: Container Vessels, Dry Bulk Vessels, Costamare Bulkers Inc. (CBI), and Neptune Maritime Leasing (NML). The CBI segment focuses on chartering-in and chartering-out dry bulk vessels, entering into contracts of affreightment, and utilizing forward freight agreements. The NML segment represents the company's strategic entry into the maritime lease financing space, acquiring vessels and bareboat chartering them back to seller-lessees. With a history dating back to 1975, Costamare leverages its extensive industry experience, strong relationships with leading charterers, and a modern fleet to maintain a competitive position in the global maritime transportation industry.
