olivLaw · US equity research
Costamare Inc. CMRE
Deep Sea Foreign Transportation of Freight · SIC 4412 · Vertical: Deep Sea Foreign Transportation of Freight (SIC 4412)
Costamare Inc. is an international owner and operator of containerships that charters its fleet on long-term fixed-rate contracts to large liner companies. The company separated its dry bulk business in May 2025 to focus on containers and maritime leasing through Neptune.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Costamare Inc. (CMRE) stock was 13.16 USD (−0.83% on the day), with market capitalisation 1.6 bn USD, P/E 4.6 on diluted EPS of 2.86 USD over the last 12 months, dividend yield 0.76%, beta 0.78, 52-week range 13.16–17.91 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 33.0
- weak (30–45)
- Bollinger (20, 2)
- 12.95 – 15.60
- in the lower half of the band · %B 0.08 · band width 18.5%
- SMA 50 / 200
- 14.78 / 15.80
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.36 / -0.27
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −14.5% | −1.1% | −13.4 pp | — |
| 3 months | −10.4% | −0.5% | −10.0 pp | — |
| 6 months | −23.8% | +4.4% | −28.2 pp | — |
| Year to date | −16.7% | +12.3% | −29.0 pp | — |
| 1 year | +1.3% | +13.5% | −12.2 pp | +36.7% |
| 3 years | +41.8% | +76.4% | −34.6 pp | +39.6% |
| 5 years | −0.2% | +63.7% | −63.9 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 60 percentile of its own 5-quarter history (min 2.2, median 3.9, max 5.5; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 380.4 m | 478.1 m | 460.3 m | 793.6 m | 1.1 bn | 848.3 m | 888.5 m | 877.9 m |
| Revenue YoY | −7.8% | +25.7% | −3.7% | +72.4% | +40.3% | −23.8% | +4.7% | −1.2% |
| Net income | 67.2 m | 99.0 m | 8.9 m | 435.1 m | 555.0 m | 385.7 m | 319.9 m | 364.6 m |
| Net income YoY | −7.7% | +47.2% | −91.0% | +4,801.7% | +27.5% | −30.5% | −17.1% | +14.0% |
| Diluted EPS | unavailable | unavailable | -0.18 | 3.28 | 4.26 | 2.95 | 2.44 | 2.86 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | +29.9% | −30.8% | −17.3% | +17.2% |
| net % | 17.7% | 20.7% | 1.9% | 54.8% | 49.8% | 45.5% | 36.0% | 41.5% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 519.8 m USD
- Financial debt
- 1.5 bn USD
- Net debt
- 995.0 m USD
- Equity
- 2.2 bn USD
- Total assets
- 3.9 bn USD
- Debt / equity
- 0.70x
- Current ratio
- 1.73x
- ROE
- 15.4%
- ROA
- 8.1%
- FCF margin
- unavailable
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 460.3 m | 793.6 m | 1.1 bn | 848.3 m | 888.5 m | 877.9 m | SEC (XBRL)· 04 Mar 2026verified |
| Operating income | 60.3 m | 441.4 m | 662.2 m | 595.0 m | 489.7 m | 456.2 m | SEC (XBRL)· 04 Mar 2026verified |
| Depreciation & amortisation | 108.7 m | 137.0 m | 166.0 m | 126.7 m | 126.8 m | 129.5 m | SEC (XBRL)· 04 Mar 2026verified |
| EBITDA | 169.0 m ≈ | 578.3 m ≈ | 828.2 m ≈ | 721.7 m ≈ | 616.5 m ≈ | 585.7 m ≈ | SEC (XBRL)· 04 Mar 2026derived |
| Interest expense | 66.5 m | 72.3 m | 107.2 m | 126.8 m | 117.1 m | 90.2 m | SEC (XBRL)· 04 Mar 2026verified |
| Net income | 8.9 m | 435.1 m | 555.0 m | 385.7 m | 319.9 m | 364.6 m | SEC (XBRL)· 04 Mar 2026verified |
| Diluted EPS | -0.18 | 3.28 | 4.26 | 2.95 | 2.44 | 2.86 | SEC (XBRL)· 04 Mar 2026verified |
| Dividend per share | 0.10 | — | — | — | — | — | SEC (XBRL)· 01 Mar 2021verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 143.9 m | 276.0 m | 718.0 m | 710.6 m | 656.9 m | 519.8 m | SEC (XBRL)· 04 Mar 2026verified |
| Receivables | 8.2 m | 21.0 m | 26.9 m | 50.7 m | 45.5 m | — | SEC (XBRL)· 20 Feb 2025verified |
| Inventories | 10.5 m | 21.4 m | 28.0 m | 61.3 m | 13.2 m | 14.1 m | SEC (XBRL)· 04 Mar 2026verified |
| Current assets | 192.1 m | 426.1 m | 1.0 bn | 1.1 bn | 1.0 bn | 690.7 m | SEC (XBRL)· 04 Mar 2026verified |
| Property, plant & equipment, net | — | — | 3.7 bn | 3.4 bn | 3.4 bn | — | SEC (XBRL)· 20 Feb 2025verified |
| Intangibles (excl. goodwill) | 839.0 k | 667.0 k | 468.0 k | 269.0 k | 74.0 k | 0 | SEC (XBRL)· 04 Mar 2026verified |
| Total assets | 3.0 bn | 4.4 bn | 4.9 bn | 5.3 bn | 5.1 bn | 3.9 bn | SEC (XBRL)· 04 Mar 2026verified |
| Accounts payable | 7.6 m | 18.9 m | 18.2 m | 46.8 m | 49.4 m | — | SEC (XBRL)· 20 Feb 2025verified |
| Short-term debt | 147.1 m | 272.4 m | 320.1 m | 347.0 m | 287.4 m | 268.1 m | SEC (XBRL)· 04 Mar 2026verified |
| Long-term debt | 1.3 bn | 2.2 bn | 2.3 bn | 2.0 bn | 1.4 bn | 1.2 bn | SEC (XBRL)· 04 Mar 2026verified |
| Current liabilities | 207.0 m | 370.0 m | 423.1 m | 662.8 m | 745.6 m | 398.6 m | SEC (XBRL)· 04 Mar 2026verified |
| Equity | 1.3 bn | 1.7 bn | 2.2 bn | 2.4 bn | 2.6 bn | 2.2 bn | SEC (XBRL)· 04 Mar 2026verified |
| Shares outstanding at year end | 122.2 m | — | — | — | — | — | SEC (XBRL)· 01 Mar 2021verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 274.3 m | 466.5 m | 581.6 m | 331.4 m | 537.7 m | — | SEC (XBRL)· 20 Feb 2025verified |
| Investing cash flow | -36.4 m | -787.5 m | 42.5 m | 79.1 m | -79.5 m | — | SEC (XBRL)· 20 Feb 2025verified |
| Financing cash flow | -241.9 m | 482.6 m | -166.1 m | -396.8 m | -505.5 m | — | SEC (XBRL)· 20 Feb 2025verified |
| Dividends paid | 65.5 m | 71.3 m | 119.5 m | 71.9 m | 74.1 m | 79.3 m | SEC (XBRL)· 04 Mar 2026verified |
| Share repurchases | 0 | 0 | 60.1 m | 60.0 m | 0 | 0 | SEC (XBRL)· 04 Mar 2026verified |
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 49 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 1.6 bn USD
Key indicators
Coverage and freshness
Score by group
- Valuation70
- Returns70
- Quality61
- Balance sheet50
- Growth0
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 1.31 – 46.34 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)unavailable · input data missing
- Peers: EV/EBITDA12.87 – 44.85 (Mid 26.68)13 companies used · median multiple 7.3x · quartiles 4.4x – 11.1xCCEC, DAC, DHT, DSX, ECO, EHLD, GNK, GSL, HSHP, LPG, NVGS, TRMD, ZIM
- Peers: P/E10.91 – 46.34 (Mid 26.68)30 companies used · median multiple 9.3x · quartiles 3.8x – 16.2xASC, CCEC, CISS, CMBT, CTRM, DAC, DHT, DSX, ECO, EHLD, ESEA, FRO, GASS, GNK, GSL, HSHP, IMPP, LPG, NMM, NVGS, PANL, PSHG, PXS, SBLK, SHIP, STNG, TK, TOPS, TRMD, ZIM
- Dividend discount (DDM)1.31 – 1.77 (Mid 1.51)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 49/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 11.3% | 52 (vs peers) | 13% |
| Net margin · Quality | 41.5% | 76 (vs peers) | 8% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -7.6% | 0 (on a fixed band) | 10% |
| EPS CAGR 3Y · Growth | -12.4% | 0 (on a fixed band) | 10% |
| Net debt / EBITDA · Balance sheet | 1.7x | 36 (vs peers) | 13% |
| Interest coverage · Balance sheet | 5.1x | 55 (on a fixed band) | 8% |
| Current ratio · Balance sheet | 1.7x | 78 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | 4.6x | 71 (vs peers) | 13% |
| EV/EBITDA · Valuation | 4.4x | 69 (vs peers) | 13% |
| FCF yield · Valuation | unavailable | unavailable | — |
| Shareholder yield (distributions) · Returns | 4.9% | 70 (on a fixed band) | 8% |
| Payout ratio (FCF) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet50/100 · 3/3 factors with a value
- Growth0/100 · 2/2 factors with a value
- Quality61/100 · 2/3 factors with a value
- Returns· partial70/100 · 1/2 factors with a value
- Valuation70/100 · 2/3 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
COSTAMARE INC. (CMRE). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 877.9 m USD in 2025; YoY growth -1.2%; net margin 41.5%; ROE 15.9%; net debt/EBITDA 1.7x.
The estimated value range is 10.91–44.85 USD per share (median of 3 methods, agreement: medium); assumptions are illustrative. Against the central value of 26.68 USD, the price of 13.16 USD leaves a potential of 102.7% (value / price − 1) and a margin of safety of 50.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 49/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: returns. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net margin: 41.5%
- Current ratio: 1.7x
- P/E (TTM): 4.6x
- Shareholder yield (distributions): 4.9%
What contradicts it
- Revenue CAGR 3Y: -7.6%
- EPS CAGR 3Y: -12.4%
Not assessed (insufficient data or a ratio without meaning): FCF conversion, FCF yield, Payout ratio (FCF).
Versus the vertical median
Deep Sea Foreign Transportation of Freight (SIC 4412) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| FROFrontline plc | 10.8 bn | 28.5 | 15.6% | 19.2% | −8.8% | +106% / +144% |
| CMBTCmb.tech NV | 5.4 bn | 3.8 | 49.1% | 92.6% | −23.9% | +56% / −5% |
| STNGScorpio Tankers Inc. | 4.4 bn | 12.1 | 11.4% | 36.7% | −24.6% | +48% / +57% |
| TRMDTORM plc | 3.8 bn | 13.2 | 13.3% | 21.3% | −14.1% | +76% / +33% |
| DHTDht Holdings, Inc. | 3.5 bn | 16.8 | 19.4% | 42.4% | −12.8% | +69% / +121% |
| ZIMZim Integrated Shipping Services Ltd. | 3.4 bn | 7.1 | 11.9% | 6.9% | −18.1% | +39% / +306% |
| SBLKStar Bulk Carriers Corp. | 3.1 bn | 37.3 | 3.4% | 8.1% | −17.6% | +37% / +28% |
| ECOOkeanis Eco Tankers Corp. | 3.0 bn | 22.5 | 25.0% | 31.4% | −0.4% | +130% / +252% |
| DACDanaos Corporation | 2.8 bn | 5.7 | 13.7% | 47.4% | +2.8% | +56% / +117% |
| NMMNavios Maritime Partners L.P. | 2.5 bn | 8.6 | — | 21.2% | +0.8% | +57% / +232% |
| LPGDorian Lpg Ltd. | 2.1 bn | 6.5 | 28.3% | 55.0% | +36.3% | +99% / +17% |
| SFLSFL Corporation Ltd. | 1.7 bn | — | -2.5% | -3.6% | −18.9% | +42% / +3% |
| CMRECostamare Inc. | 1.6 bn | 4.6 | 15.9% | 41.5% | −1.2% | +1% / +42% |
| GSLGlobal Ship Lease, Inc. | 1.4 bn | 3.5 | 25.5% | 54.3% | +7.8% | +14% / +118% |
| NVGSNavigator Holdings Ltd | 1.3 bn | 13.9 | 8.2% | 17.1% | +3.6% | +14% / +40% |
| CCECCapital Clean Energy Carriers Corp. | 1.2 bn | 7.3 | 12.0% | — | +62.0% | +2% / +57% |
| TKTeekay Corporation Ltd. | 1.2 bn | 11.9 | 4.8% | 10.3% | −22.2% | +38% / +95% |
| GNKGenco Shipping & Trading Limited | 1.1 bn | 13.9 | 8.9% | 15.5% | −19.1% | +31% / +59% |
| SHIPSeanergy Maritime Holdings Corp. | 987.8 m | 14.3 | 7.8% | 13.4% | −5.6% | +37% / +98% |
| ASCArdmore Shipping Corp | 752.3 m | 21.0 | 6.6% | 13.2% | −23.6% | +51% / +36% |
| HSHPHimalaya Shipping Ltd. | 719.3 m | 40.6 | 11.2% | 13.4% | +6.7% | +72% / +157% |
| PANLPangaea Logistics Solutions Ltd. | 491.7 m | 10.1 | 11.0% | 6.7% | +17.8% | +7% / +7% |
| ESEAEuroseas Ltd. | 459.1 m | 3.3 | 33.1% | 60.1% | +7.0% | +8% / +172% |
| GASSStealthgas Inc. | 308.3 m | 5.1 | 9.2% | 35.0% | +3.5% | +21% / +24% |
| DSXDiana Shipping Inc. | 276.7 m | 21.7 | 3.5% | 8.3% | −6.4% | +21% / −30% |
1- and 3-year price returns: for CMRE from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 7.34 Total return -44% · Per year -44% | 13.05 Total return -1% · Per year -1% | 19.74 Total return 50% · Per year 50% |
| 3 years | 5.83 Total return -56% · Per year -24% | 11.77 Total return -11% · Per year -4% | 19.74 Total return 50% · Per year 14% |
| 5 years | 4.63 Total return -65% · Per year -19% | 10.63 Total return -19% · Per year -4% | 19.74 Total return 50% · Per year 8% |
- Exit P/E± 2.94
- Net margin± 2.06
- Annual revenue growth± 1.86
- Annual dilution± 0.17
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Mar 2026; since then the company filed 6-K (28 Oct 2026), 6-K (06 Oct 2026), 6-K (01 Oct 2026), 6-K (13 Aug 2026), 6-K (12 Aug 2026), 6-K (27 Jul 2026).
In brief
Costamare Inc. is an international owner and operator of containerships that charters its fleet on long-term fixed-rate contracts to large liner companies. The company separated its dry bulk business in May 2025 to focus on containers and maritime leasing through Neptune.
SWOT
Strengths
- Long-term contracts with large customers and near-full fleet utilization provide predictable revenue and operating stability 1.
- Experienced management with long-standing relationships with liner companies and financial institutions supports execution 1.
- The fleet's size and capacity place the company among the largest publicly listed operators in the sector 1.
Weaknesses
- Reliance on a small number of large customers concentrates a significant part of revenue 1.
- Majority ownership by the Konstantakopoulos family gives it control over shareholder votes, and conflicts of interest with affiliated managers are flagged in the filing 1.
- Ongoing capital expenditure to maintain the fleet can reduce cash available for distribution 1.
Opportunities
Risks
- Charter rate cyclicalityhigh
Profitability depends on charter rates, which are driven by macroeconomic factors outside the company's control and can be volatile 1.
- Vessel oversupplyhigh
A wave of newly ordered vessels could reduce rates and make it harder to renew contracts at profitable levels 1.
- Vessel valuesmedium
Vessel values can fall in periods of weak demand, which could lead to losses on sale or impairment charges 1.
- Neptune leasing risksmedium
The leasing investment exposes the company to financial and counterparty risk that could affect its financial position if customers fail to meet obligations 1.
- Operational and geopolitical risksmedium
Accidents, piracy, attacks and Red Sea disruptions could interrupt operations and generate uninsured costs 1.
Investment thesis
What would need to be true (bull case)
- Long-term contracts with large customers and near-full fleet utilization could provide stable revenue even in a weaker cycle 1.
- Higher charter rates in 2025 and expected container trade growth could support results when contracts are renewed 1.
- Expansion in maritime leasing through Neptune could add a diversified income source if investments are well managed 1.
What would break the thesis
- A record orderbook could pressure rates and make renewals at profitable levels harder to secure 1.
- Concentration of revenue in a few large customers could amplify the impact of a problem at any one of them 1.
- Leasing risks and exposure to vessel values could affect results if the market deteriorates 1.
What to watch
- Development of the containership charter rate index and the level of contract renewals2026
- Delivery of the 10 vessels under construction and their employment on deliveryQ2 2027 - Q4 2028
- Progress of the Neptune investment and its portfolio of financed assetsnext 10-K
- Fleet utilization levels and any operational or geopolitical disruptionsQ1 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 04 Mar 2026; since then the company filed 6-K (28 Oct 2026), 6-K (06 Oct 2026), 6-K (01 Oct 2026), 6-K (13 Aug 2026), 6-K (12 Aug 2026), 6-K (27 Jul 2026).
The business
Costamare Inc. is an international owner and operator of containerships that charters them to large liner companies for worldwide transport of containerized cargo. The fleet stood at 79 containerships with a total capacity of approximately 551,000 TEU as of February 24, 2026, including 10 vessels under construction 1. The company aims to operate its ships under long-term, fixed-rate time charters to limit seasonal variation in demand 1. Ship management is provided mainly by Costamare Shipping, which is controlled by the chairman and chief executive officer 1.
Segments
Containership charter
The core activity is time chartering containerships to customers including A.P. Moller-Maersk, MSC, Evergreen, Hapag Lloyd, ZIM and COSCO 1. The TEU-weighted average remaining charter duration is about 4.4 years, and fixed-term charters represent roughly 3.6 billion USD of contracted revenue 1. This segment forms the revenue base, since almost the entire fleet is employed under long-term contracts 1.
Maritime leasing through Neptune
The company controls Neptune, a leasing business that acquires vessels through sale and leaseback transactions and charters them out on long-term contracts 1. Its investment in Neptune was raised to 247.8 million USD, of which 182.2 million USD had been invested as of February 24, 2026 1. This segment brings financial and counterparty exposure that the filing explicitly flags 1.
Market context
According to Clarksons Research as cited in the filing, the containership time charter rate index rose 12.6% in fiscal 2025, supported by moderate fleet growth and sustained demand 1. However, the orderbook stood at 33.9% of existing fleet capacity in December 2025, the highest level since 2011, which could pressure rates going forward 1. Container shipping is cyclical, and its trajectory depends on macroeconomic factors that are hard to predict 1.
Trends
- Rising charter ratestailwind
Containership charter rates rose in fiscal 2025, which could support revenue when contracts expire or are renewed 1.
- Newbuilding ordersheadwind
The orderbook has grown sharply, which could pressure charter rates if demand does not grow in parallel 1.
- Growth in container tradetailwind
Seaborne container trade is expected to grow in 2026, which could support fleet utilization if the trend holds 1.
- Investment in leasingmixed
Expansion in maritime leasing brings both potential income and financial and counterparty exposure that could affect results if they materialize 1.
Competitive position
The filing does not give a detailed list of direct competitors, but it places Costamare among the largest publicly listed containership companies in the world by total TEU capacity 1. The company therefore competes for contracts with the same large liner companies, and rates depend on the balance between demand and vessel supply 1.
Competitive strengths described in the filing include long-term contracts, high fleet availability and integrated management through Costamare Shipping with more than 50 years of experience 1. Competition could intensify if newly delivered vessels exceed demand, a risk the filing identifies 1.
- Other large publicly listed containership owners
The filing refers generally to other large publicly listed containership operators as a benchmark for total fleet capacity, without naming them 1.
- Liner companies as customers and potential fleet owners
Carriers such as Maersk, MSC and COSCO are both customers and actors that can order their own vessels, creating a dependence and competitive tension 1.
- Ship leasing providers
Neptune competes with other entities that finance vessels through sale and leaseback transactions, although the filing does not name specific competitors 1.
- Dry bulk vessel operators
Costamare Bulkers, spun off in May 2025, operates in dry bulk as a separate entity and is not a direct competitor in the container segment 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Costamare Bulkers (CMDB) Banks Cash While Betting On A Bulk ReboundYahoo Finance — News · 11 Sept 2026 · EN
The latest news item in our archive is from 11 Sept 2026; the newest SEC filing is from 28 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report (foreign issuer)28 Oct 2026
- Current report (foreign issuer)06 Oct 2026
- Current report (foreign issuer)01 Oct 2026
- Current report (foreign issuer)13 Aug 2026
- Current report (foreign issuer)12 Aug 2026
- Current report (foreign issuer)27 Jul 2026
- Current report (foreign issuer)13 Jul 2026
- Current report (foreign issuer)01 Jul 2026
- Current report (foreign issuer)20 May 2026
- Current report (foreign issuer)29 Apr 2026
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Costamare Inc. · 04 Mar 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.