Costamare Bulkers Holdings Limited has officially embarked on its journey as an independent, publicly traded company following its separation from Costamare Inc. The company’s shares are set to begin trading today on the New York Stock Exchange (NYSE) at 9:30 a.m. local time, under the ticker symbol “CMDB.” Meanwhile, Costamare Inc. will continue to trade under “CMRE.”
The separation involved a straightforward transaction for shareholders. For every five common shares held in Costamare Inc. as of April 29, 2025, shareholders received one common share of Costamare Bulkers.
This strategic move allows Costamare Bulkers to operate independently while still benefiting from the legacy and operational strength of Costamare Inc. Following this successful spin-off, Costamare Bulkers Holdings Limited positions itself as a global owner and operator of dry bulk vessels. The company is dedicated to transporting dry bulk commodities worldwide, catering to a diverse clientele that includes industrial users, traders, and producers in the sector.
The separation not only marks a significant milestone for Costamare Bulkers but also illustrates its commitment to enhancing its operational focus within the dry bulk shipping industry. With the completion of this transition, Costamare Bulkers is poised to capitalize on opportunities in the maritime industry, leveraging its extensive fleet and expertise to meet the growing demands of global trade. The move is expected to provide both companies with enhanced strategic flexibility and improved investor clarity as they pursue their respective goals.