11 Best Marine Shipping Stocks to Invest in Now

7. Costamare Inc. (NYSE:CMRE)

Number of Hedge Fund Holders: 16

Costamare Inc. (NYSE:CMRE) owns and operates containerships and dry bulk vessels. During Q4 2024, the company chartered, on a forward basis, 12 containerships with an average time charter duration of about two and a half years as well as estimated contracted revenues of close to $330 million. Notably, the containership fleet employment stood at 96% and 69% for 2025 and 2026, respectively. The total contracted revenues came in at $2.4 billion, with a remaining time charter duration of 3.4 years. Costamare Inc. (NYSE:CMRE) announced that it plans to spin off the company’s dry bulk business into a standalone company, Costamare Bulkers Holdings Limited.

Costamare Inc. (NYSE:CMRE)’s board expects that the proposed separation is expected to unlock the inherent value within the 2 companies, which have unique growth prospects and investment opportunities. This separation can offer significant benefits, including improved financial flexibility to pursue distinct operating priorities and strategic initiatives focused on the container and dry bulk shipping markets, respectively. Also, the separation is expected to result in a simplified structure with separate, focused balance sheets and capital allocation strategies that are tailored to each business, fueling operating efficiency and value creation. Costamare Inc. (NYSE:CMRE) has no significant debt maturities until 2027.