Costamare Inc. owns and operates containerships and dry bulk vessels worldwide. Its containerships are chartered to liner companies providing transportation of cargoes. The company also charters dry bulk vessels to various customers providing worldwide transportation for dry bulk cargoes. As of February 24, 2026, it had a fleet of fleet of 79 containerships and 38 dry bulk vessels. The company was founded in 1974 and is based in Monaco.
Costamare Inc. is a global owner and operator of containerships and dry bulk vessels. The company's containerships are chartered to liner companies for the transportation of containerized cargoes worldwide. Additionally, Costamare charters dry bulk vessels to various customers for the transportation of dry bulk commodities such as grain, coal, and iron ore. As of February 24, 2026, the company's fleet consisted of 79 containerships and 38 dry bulk vessels. Founded in 1974 and headquartered in Monaco, Costamare plays a key role in global maritime logistics, providing essential shipping capacity to major liner companies and bulk operators.
Where is Costamare Inc. listed and in what currency?
Costamare Inc. is listed on the New York Stock Exchange (NYSE) under the ticker symbol CMRE-PC. The company's securities trade in US Dollars (USD), which is the standard currency for NYSE-listed equities. This listing provides investors with access to Costamare's stock in one of the world's largest and most liquid stock markets. The use of USD facilitates international investment and aligns with the company's global operations, as its revenues and expenses are primarily denominated in US dollars.
What sector and industry does Costamare Inc. belong to?
Costamare Inc. operates in the Industrials sector and specifically within the Marine Shipping industry. This classification reflects the company's core business of owning and operating vessels for maritime transportation. The Marine Shipping industry encompasses companies that transport goods and commodities via ocean-going vessels. As an industrial company, Costamare's operations are capital-intensive and closely tied to global trade volumes, economic cycles, and shipping supply-demand dynamics. The company's fleet of containerships and dry bulk vessels positions it as a key player in both containerized and bulk shipping markets.
Where is Costamare Inc. headquartered and what markets does it serve?
Costamare Inc. is headquartered in Monaco, a sovereign city-state on the French Riviera. The company serves global markets, with its containerships chartered to liner companies that transport cargoes worldwide, and its dry bulk vessels providing transportation for dry bulk cargoes across international routes. While the headquarters is in Monaco, Costamare's operations are truly global, with vessels trading on major shipping lanes connecting continents. The company's fleet of 79 containerships and 38 dry bulk vessels allows it to serve customers in diverse regions, including Asia, Europe, and the Americas, facilitating international trade.
How does Costamare Inc. generate revenue?
Costamare Inc. generates revenue primarily by chartering its fleet of containerships and dry bulk vessels to customers. For containerships, the company enters into time charter agreements with liner companies, which pay a fixed daily rate for the use of the vessels to transport containerized cargo. For dry bulk vessels, Costamare charters them to various customers for the transportation of dry bulk commodities such as grains, ores, and coal. These charter contracts typically range from short-term to multi-year periods, providing a steady stream of income. As of February 24, 2026, the company's fleet included 79 containerships and 38 dry bulk vessels, which are the primary revenue-generating assets.