Costamare Bulkers' Key Agreement with Cargill: A Partnership Unveiled

Author: Evelyn Baker Updated: 09-29-2025 07:45 AM

Strategic Partnership Between Costamare Bulkers and Cargill

Costamare Bulkers Holdings Limited has announced an exciting new strategic cooperation agreement with Cargill International S.A. This partnership is a significant development as it aligns both companies in enhancing operations and focusing on growth opportunities.

Details of the Cooperation Agreement

Under this agreement, several key actions are set to take place:

Transfer of Trading Assets

Costamare will transfer a significant portion of its trading portfolio to Cargill. This includes chartered-in vessels and cargo transportation commitments, as well as various derivative positions.

Chartering Vessels

The agreement states that Costamare will charter four Supramax vessels to Cargill for a duration of four to six months. This strategic move is expected to boost operational efficiencies for both entities.

Collaboration on Decarbonisation

Additionally, the two companies will launch a bunkering services agreement through Seascale Energy, which is a joint venture with Hafnia. This collaboration emphasizes their commitment to sustainability and decarbonisation.

Joint Investment Opportunities

Both companies will also explore joint investments in dry bulk assets and other ventures within this sector, fostering a collaborative approach to business expansion.

Leadership Comments on the Partnership

Mr. Gregory Zikos, CEO of Costamare Bulkers, expressed enthusiasm about the agreement, noting that Cargill is a highly respected partner in the dry bulk industry. He highlighted that this collaboration will allow Costamare to mitigate risks associated with trading volatility and stabilize earnings.

Cargill's Perspective

In response, Mr. Jan Dieleman, President of Cargill Ocean Transportation, mentioned that this partnership not only enhances service delivery for their customers but also helps in the growth of their fleet. The focus on strategic partnership underscores both companies' commitment to mutual growth.

About Costamare Bulkers Holdings Limited

Costamare Bulkers is an international ownership and operational leader of dry bulk vessels. They currently operate a fleet of 37 vessels with a total carrying capacity of approximately 3,103,000 dwt. The company is also engaged in various charters, contracts, and hedging solutions, contributing to its strong position in the market. Costamare Bulkers trades under the stock symbol "CMDB" on the New York Stock Exchange.

Contact Information

For further inquiries, you can contact the company officials:
Gregory Zikos – Chief Executive Officer
Dimitris Pagratis - Chief Financial Officer
Konstantinos Tsakalidis - Business Development

Costamare Bulkers Holdings Limited, Monaco
Tel: (+377) 92 00 1745
Email: ir@costamarebulkers.com

Frequently Asked Questions

What is the main goal of the agreement between Costamare and Cargill?

The main goal is to reduce trading volatility and enhance operational efficiencies through collaboration.

How many vessels will Costamare charter to Cargill?

Costamare will charter four Supramax vessels for a period of four to six months.

What kind of services will the bunkering agreement cover?

The bunkering services agreement will cover Costamare’s owned and operating fleet in conjunction with Seascale Energy.

Who is the CEO of Costamare Bulkers?

The CEO of Costamare Bulkers is Gregory Zikos.

Where can I find more information about Costamare Bulkers?

Further information can be requested via their official contact points or on their website.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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