Costamare Bulkers – Cargill collaboration

Costamare Bulkers Holdings Limited, owned by Kostis Konstantakopoulos, has announced the signing of a strategic concern with Cargill International S.A., 1 of the world’s largest shipping and trading groups.

The statement marks a important milestone for the Costamare spin-off, which seeks to strengthen its presumption successful the adust bulk sector, focusing connected the extremity of generating stable revenues.

According to the listed company’s announcement, the statement provides for a bid of commitments, such arsenic the transfer to Cargill of the bulk of Costamare Bulkers’ trading book, which includes chartered vessels and cargo transportation contracts.

At the aforesaid time, the woody concerns the chartering of 4 Supramax vessels from Cargill for a play of 4 to six months, arsenic well arsenic an statement to supply bunkering services, done Seascale Energy, the associated venture betwixt Cargill and Hafnia, which will screen the company’s fleet.

The collaboration extends to decarbonization and ratio strategies, with the implementation of applicable projects, but besides to the exploration of associated investments successful assets and caller activities successful the adust bulk sector.

Finally, it is worth noting that the applicable collaboration is not constricted to commercialized transactions, but paves the way for a deeper strategic relationship, touching connected the vigor transition, caller technologies and sustainable development.

Commenting connected the agreement, Costamare Bulkers CEO, Grigoris Zikos, expressed his restitution with the signing of the woody with Cargill, “a first-class and respected spouse successful the industry.”

As helium said, “we look guardant to continuing our collaboration with further concern opportunities.”

He noted that the concern will assistance the institution trim its vulnerability to the volatile trading marketplace and unafraid much stable revenues, while maintaining the CBI level arsenic a cardinal tool successful its concern model.

On his part, Jan Dieleman, president of Cargill Ocean Transportation, emphasized that the statement will let Cargill to amended service its customers and proceed to turn its fleet successful concern with Costamare Bulkers.

It is recalled that Costamare Bulkers was created arsenic a spinoff of Costamare Inc. and was listed connected the New York Stock Exchange successful May 2025.

In the archetypal fractional of the year, it reported nett income of 32.3 cardinal dollars and a nett nonaccomplishment of 26.5 million.