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Costamare
-6.35%
Logistics / Maritime Container Shipping
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Company Overview
General information about the Costamare company
Costamare is a leading international owner and operator of container ships, with a fleet of over 100 vessels and a total capacity of approximately 820,000 TEU (twenty-foot equivalent units). The company was founded in 1975 by Captain Vasilis C. Constantakopoulos and is headquartered in Athens, Greece.
Costamare's business model is based on long-term charters with major liner companies, providing a stable source of revenue. The company also offers a variety of container and technical management services to third-party owners.
In addition to its headquarters in Athens, Costamare has a strong presence in New York, London, and Singapore. The company is publicly listed on the New York Stock Exchange and is a member of the New York Stock Exchange Composite Index and the Dow Jones Global Shipping Index.
Costamare is committed to sustainability and has implemented various measures to reduce its environmental impact, such as continuous monitoring and reporting on carbon emissions, implementation of technology to reduce fuel consumption, and investing in eco-friendly vessel designs.
The company also has a strong focus on safety and adheres to strict safety standards and procedures. It has received recognition for its safety record and was awarded the International Maritime Organization's Maritime Safety Award in 2018.
Costamare also prioritizes social responsibility and has various initiatives in place to support the local communities in which it operates. These include partnerships with charitable organizations, donations for disaster relief, and support for educational programs.
In summary, Costamare is a well-established and reputable maritime company with a global presence and a strong commitment to sustainability, safety, and social responsibility.
Costamare's business model is based on long-term charters with major liner companies, providing a stable source of revenue. The company also offers a variety of container and technical management services to third-party owners.
In addition to its headquarters in Athens, Costamare has a strong presence in New York, London, and Singapore. The company is publicly listed on the New York Stock Exchange and is a member of the New York Stock Exchange Composite Index and the Dow Jones Global Shipping Index.
Costamare is committed to sustainability and has implemented various measures to reduce its environmental impact, such as continuous monitoring and reporting on carbon emissions, implementation of technology to reduce fuel consumption, and investing in eco-friendly vessel designs.
The company also has a strong focus on safety and adheres to strict safety standards and procedures. It has received recognition for its safety record and was awarded the International Maritime Organization's Maritime Safety Award in 2018.
Costamare also prioritizes social responsibility and has various initiatives in place to support the local communities in which it operates. These include partnerships with charitable organizations, donations for disaster relief, and support for educational programs.
In summary, Costamare is a well-established and reputable maritime company with a global presence and a strong commitment to sustainability, safety, and social responsibility.
What is special about the Costamare company?
1. Focus on Container Shipping: Costamare is a specialized container shipping company. It primarily focuses on the transportation of containers and has a fleet of over 80 vessels. This specialization allows the company to have a deep understanding of the container shipping industry and provide high-quality services to its customers.
2. Global Presence: Costamare operates in major international shipping hubs, including Asia, Europe, and the Americas. Its global presence enables it to serve a wide range of customers and access various shipping markets worldwide.
3. Modern Fleet: The company has a modern and technologically advanced fleet of containerships, with an average age of around 10 years. This allows Costamare to offer efficient and reliable services to its customers.
4. Strong and Diverse Customer Base: Costamare has a diverse customer base, including major shipping lines and charterers, which reduces its dependence on any single customer. This diversification also provides stability and flexibility to the company's operations.
5. Financial Strength: Costamare has a strong financial position, with a strong balance sheet and a low level of leverage. This financial stability allows the company to weather market fluctuations and pursue growth opportunities.
6. Focus on Sustainability: The company is committed to sustainability and has implemented various initiatives to reduce emissions and improve energy efficiency. It also has a strong focus on safety and environmental responsibility in its operations.
7. Experienced Management Team: Costamare has a highly experienced management team, with a deep understanding of the shipping industry. This team has a proven track record of managing the company's operations and navigating through the cyclical nature of the shipping industry.
8. Dividend Policy: Costamare has a consistent track record of paying dividends to its shareholders. This dividend policy shows the company's commitment to creating value for its shareholders.
2. Global Presence: Costamare operates in major international shipping hubs, including Asia, Europe, and the Americas. Its global presence enables it to serve a wide range of customers and access various shipping markets worldwide.
3. Modern Fleet: The company has a modern and technologically advanced fleet of containerships, with an average age of around 10 years. This allows Costamare to offer efficient and reliable services to its customers.
4. Strong and Diverse Customer Base: Costamare has a diverse customer base, including major shipping lines and charterers, which reduces its dependence on any single customer. This diversification also provides stability and flexibility to the company's operations.
5. Financial Strength: Costamare has a strong financial position, with a strong balance sheet and a low level of leverage. This financial stability allows the company to weather market fluctuations and pursue growth opportunities.
6. Focus on Sustainability: The company is committed to sustainability and has implemented various initiatives to reduce emissions and improve energy efficiency. It also has a strong focus on safety and environmental responsibility in its operations.
7. Experienced Management Team: Costamare has a highly experienced management team, with a deep understanding of the shipping industry. This team has a proven track record of managing the company's operations and navigating through the cyclical nature of the shipping industry.
8. Dividend Policy: Costamare has a consistent track record of paying dividends to its shareholders. This dividend policy shows the company's commitment to creating value for its shareholders.
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