Costamare Bulkers Holdings Limited Announces Strategic Cooperation Agreement with Cargill International SA
Costamare Bulkers Holdings (NYSE:CMDB) has announced a significant Strategic Cooperation Agreement with Cargill International SA. The partnership includes the transfer of Costamare's majority trading book to Cargill, comprising chartered-in vessels, cargo commitments, and derivative positions.
Key elements of the agreement include chartering four Supramax vessels to Cargill for 4-6 months, establishing a bunkering services agreement with Seascale Energy, and collaborating on decarbonization initiatives. The partnership also opens opportunities for joint investments in dry bulk assets and related ventures.
This strategic move aims to reduce Costamare's exposure to trading volatility while generating more stable earnings, maintaining CBI as their operating platform.
Costamare Bulkers Holdings (NYSE:CMDB) ha annunciato un importante Accordo di Cooperazione Strategica con Cargill International SA. La partnership prevede il trasferimento della maggioranza del portafoglio commerciale di Costamare a Cargill, includendo navi chartered-in, impegni di carico e posizioni sui derivati.
Gli elementi chiave includono la messa a noleggio di quattro navi Supramax a Cargill per 4-6 mesi, l’istituzione di un accordo di servizi di bunkering con Seascale Energy e la collaborazione su iniziative di decarbonizzazione. La partnership crea anche opportunità di investimenti congiunti in asset dry bulk e imprese correlate.
Questo movimento strategico mira a ridurre l’esposizione di Costamare alla volatilità del trading generando redditi più stabili, mantenendo CBI come piattaforma operativa.
Costamare Bulkers Holdings (NYSE:CMDB) ha anunciado un importante Acordo de Cooperación Estratégica con Cargill International SA. La asociación implica la transferencia de la mayor parte del libro de operaciones de Costamare a Cargill, incluyendo buques chartered-in, compromisos de carga y posiciones de derivados.
Los elementos clave del acuerdo incluyen el alquiler de cuatro buques Supramax a Cargill por 4-6 meses, establecer un acuerdo de servicios de bunkering con Seascale Energy y colaborar en iniciativas de descarbonización. La asociación también abre oportunidades de inversiones conjuntas en activos de dry bulk y empresas relacionadas.
Este movimiento estratégico tiene como objetivo reducir la exposición de Costamare a la volatilidad del trading mientras genera ingresos más estables, manteniendo a CBI como su plataforma operativa.
Costamare Bulkers Holdings (NYSE:CMDB)가 Cargill International SA와의 중요한 전략적 협력 협정을 발표했습니다. 이 파트너십은 Costamare의 대부분 트레이딩 북을 Cargill로 이관하는 것을 포함하며, 임차 선박, 화물 약정 및 파생상품 포지션을 포함합니다.
협정의 주요 요소로는 4척의 수프라맥스 선박을 Cargill에 4-6개월 간 용선, Seascale Energy와 함께 벙커링 서비스 계약을 체결하고 탈탄소화 이니셔티브에 협력하는 것이 있습니다. 또한 공동으로 건 Dry Bulk 자산 및 관련 벤처에 투자할 기회를 열어줍니다.
이 전략적 움직임은 트레이딩 변동성에 대한 Costamare의 노출을 줄이고 더 안정적인 수익을 창출하며 CBI를 운영 플랫폼으로 유지하는 것을 목표로 합니다.
Costamare Bulkers Holdings (NYSE:CMDB) a annoncé un accord d’intelligence stratégique important avec Cargill International SA. Le partenariat comprend le transfert de la majorité du livre de trading de Costamare à Cargill, incluant des navires sous contrat, des engagements de fret et des positions dérivées.
Les éléments clés de l’accord incluent la mise en location de quatre navires Supramax à Cargill pour 4 à 6 mois, l’établissement d’un accord de services de bunkering avec Seascale Energy et une collaboration sur des initiatives de décarbonisation. Le partenariat ouvre également des opportunités d’investissements conjoints dans des actifs dry bulk et des entreprises associées.
Cette démarche stratégique vise à réduire l’exposition de Costamare à la volatilité du trading tout en générant des revenus plus stables, en conservant CBI comme plateforme opérationnelle.
Costamare Bulkers Holdings (NYSE:CMDB) hat eine bedeutende Strategische Kooperationsvereinbarung mit Cargill International SA bekannt gegeben. Die Partnerschaft umfasst die Übertragung des Großteils von Costamares Handelsbuch an Cargill, einschließlich gecharterter Schiffe, Frachtverpflichtungen und Derivatepositionen.
Zu den Schlüsselelementen der Vereinbarung gehören die Vercharterung von vier Supramax-Schiffen an Cargill für 4–6 Monate, die Einrichtung einer Bunkerdienstleistungsvereinbarung mit Seascale Energy sowie die Zusammenarbeit bei Dekarbonisierungsinitiativen. Die Partnerschaft eröffnet außerdem Möglichkeiten für gemeinsame Investitionen in Dry-Bulk-Assets und verwandte Ventures.
Diese strategische Maßnahme zielt darauf ab, Costamares Exponierung gegenüber Handelsvolatilität zu reduzieren und gleichzeitig stabilere Erträge zu erzielen, während CBI als Betriebsplattform beibehalten wird.
Costamare Bulkers Holdings (NYSE:CMDB) أعلنت عن اتفاقية تعاون استراتيجي مهمة مع Cargill International SA. تشمل الشراكة نقل الجزء الأكبر من سجل التداول الخاص بـ Costamare إلى Cargill، بما في ذلك السفن المستأجرة والتزامات الشحن ومراكز المشتقات.
عناصر رئيسية في الاتفاقية تشمل إيجار أربع سفن Supramax إلى Cargill لمدة 4-6 أشهر، وتأسيس اتفاقية خدمات تزويد بالوقود مع Seascale Energy، والتعاون في مبادرات خفض الانبعاثات. كما تتيح الشراكة فرصاً للاستثمار المشترك في أصول Dry Bulk ومشروعات ذات صلة.
تهدف هذه الخطوة الاستراتيجية إلى تقليل تعرض Costamare لتقلبات التداول مع توليد أرباح أكثر استقراراً، مع الحفاظ على CBI كمنصة تشغيلية.
Costamare Bulkers Holdings (NYSE:CMDB) 宣布与 Cargill International SA 达成重要的 战略合作协议。该合作包括将 Costamare 的大部分交易账簿转移给 Cargill，其中包含包租船舶、货运承诺及衍生头寸。
协议的关键要素包括 对 Cargill 出租四艘 Supramax 船舶，期限为 4-6 个月，与 Seascale Energy 建立加注（Bunkering）服务协议，并在脱碳倡议上展开合作。该伙伴关系还为共同投资干散货资产及相关 ventures 打开了机会。
这一战略举措旨在 降低 Costamare 对交易波动的敞口，同时创造更稳定的收益，并保持 CBI 作为其运营平台。
- Strategic partnership with industry leader Cargill enhances market position
- Reduction in exposure to volatile trading business
- More stable and predictable earnings expected
- New opportunities for joint investments in dry bulk assets
- Access to improved bunkering services through Seascale Energy partnership
- Reduction in trading book size may limit potential upside in strong markets
- Increased dependency on partnership with single strategic partner
Insights
Costamare's strategic agreement with Cargill reduces trading volatility while maintaining operational capabilities, signaling a shift toward more stable earnings.
This strategic partnership between Costamare Bulkers and Cargill International represents a significant shift in Costamare's business model. By transferring the majority of its trading book to Cargill, Costamare is effectively reducing its exposure to the inherently volatile spot trading market in favor of more predictable revenue streams.
The multi-faceted agreement includes several key components: transferring chartered-in vessels and cargo commitments to Cargill, chartering four Supramax vessels for 4-6 months, establishing a bunkering services agreement with Seascale Energy (Cargill-Hafnia joint venture), collaborating on decarbonization initiatives, and exploring joint investment opportunities in dry bulk assets.
The strategic rationale appears sound - Costamare gains stability while maintaining its operating platform through CBI. This indicates the company is pivoting toward a more conservative risk profile without abandoning its core competencies. For Cargill, the arrangement expands their fleet capacity and strengthens their position in ocean transportation.
The partnership with Cargill - one of the world's largest agricultural commodities traders - provides Costamare access to Cargill's extensive global network and cargo flow. This could translate to more consistent vessel utilization and potentially preferential access to cargoes.
Importantly, the decarbonization component acknowledges the industry's shifting regulatory landscape, with increasing pressure to reduce emissions. This proactive approach to environmental compliance could mitigate future regulatory risks and associated costs.
While specific financial terms aren't disclosed, this agreement represents a meaningful strategic repositioning that emphasizes stability over the potential higher returns of active trading operations.
MONACO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Costamare Bulkers Holdings Limited (“Costamare Bulkers” or the “Company”) (NYSE: CMDB) announced today that it has signed a Strategic Cooperation Agreement (the “Agreement”) with Cargill International S.A. (“Cargill”).
Under the Agreement, the Company has agreed to:
- Transfer to Cargill the majority of its trading book comprising of chartered-in vessels, cargo transportation commitments as well as derivative positions;
- Charter to Cargill four Supramax vessels for a period of four to six months;
- Enter into a bunkering services agreement with Seascale Energy (a joint venture between Cargill and Hafnia), covering the owned and operating fleet;
- Enter into an agreement in respect of decarbonisation and vessel efficiency strategies and implementing decarbonisation projects;
- Explore opportunities to jointly invest in dry bulk assets and other dry-bulk business ventures, as well as other potential business opportunities in the dry bulk sector.
Mr. Gregory Zikos, Chief Executive Officer of Costamare Bulkers Holdings Limited, commented:
“We are pleased to announce the Agreement with Cargill, a first class and well-respected partner in the dry bulk sector and we look forward to pursuing further cooperation and co-investment opportunities.
The Agreement allows us to reduce our exposure in the volatile trading business and generate more stable and predictable earnings, while at the same time maintaining our operating platform under CBI as an integral part of our business model.”
Mr. Jan Dieleman, President, Cargill Ocean Transportation, commented:
“This partnership allows Cargill to better serve its customers as it continues to help us grow our current fleet. We look forward to building a strategic partnership with Costamare and continue to grow together.”
For additional information, please refer to the Company’s report on Form 6-K filed with the Securities and Exchange Commission on September 29, 2025.
About Costamare Bulkers Holdings Limited
Costamare Bulkers Holdings Limited is an international owner and operator of dry bulk vessels. Costamare Bulkers’ owned dry bulk fleet consists of 37 vessels with a total carrying capacity of approximately 3,103,000 dwt (including six vessels that we have agreed to sell). Costamare Bulkers also owns a dry bulk operating platform (CBI) which charters in/out dry bulk vessels, enters into contracts of affreightment and forward freight agreements and may also utilize hedging solutions. Costamare Bulkers’ common stock trades on the New York Stock Exchange under the symbol “CMDB”.
Forward-Looking Statements
This press release contains “forward-looking statements”. In some cases, you can identify these statements by forward-looking words such as “believe”, “intend”, “anticipate”, “estimate”, “project”, “forecast”, “plan”, “potential”, “may”, “should”, “could”, “expect” and similar expressions. You should not place undue reliance on these statements. These statements are not historical facts but instead represent only the Company’s beliefs regarding future results, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company’s Registration Statement on Form 20-F (File No. 001-42581).
Company Contacts:
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
FAQ
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