Costamare Reverses Course Planning to Spilt Boxship and Bulker Businesses

Costamare which calls itself one of the leading owners and providers of containerships and dry bulk vessels for charter announced a plan to split its operations into two publicly-traded companies. The move reverses a strategy launched just four years ago to take the long-time containership owner into the dry bulk segment.

The company has been in business for 51 years and focused recently on containerships. It currently has a fleet of 68 owned containerships with a total capacity of approximately 513,000 TEU. The ships sail for well-known carriers ranging from COSCO, Evergreen, a…