Costamare stock | Growth outlook for 2026 & price target

Costamare

NYSE:CMRE

$ 16,18

$-0,27 (-1,64%)

16,18 $

$-0,27 (-1,64%)

End-of-day quote: 01/15/2026

Costamare Stock Value

The current analyst rating for Costamare is Hold.

Hold

Costamare Company Info

EPS Growth 5Y

24,85%

Market Cap

$1,95 B

Long-Term Debt

$1,72 B

Annual earnings

02/06/2026

Dividend

$0,45

Dividend Yield

2,80%

Founded

1974

Industry

Industrials

Country

Monaco

Website

Costamare

ISIN Number

MHY1771G1026

Website

http://www.costamare.com

Analyst Price Target

$12,50

-22.74%

Last Update: 01/16/2026

Analysts: 1

Highest Price Target $12,50

Average Price Target $12,50

Lowest Price Target $12,50

In the last five quarters, Costamare’s Price Target has risen from $10,19 to $10,33 - a 1,37% increase. One analysts predict that Costamare’s share price will fall in the coming year, reaching $12,50. This would represent a decrease of -22,74%.

Top growth stocks in the industrials sector (5Y.)

What does Costamare do?

Costamare Inc. (Costamare) operates as an international owner and operator of containerships and dry bulk vessels. The company charters its containerships to the world’s largest liner companies, providing worldwide transportation of containerized cargoes. The company charters its dry bulk vessels to a wide variety of customers, providing worldwide transportation for dry bulk cargoes. As of February 12, 2025, the company’s containership fleet consisted of 68 vessels in the water, aggregating ap...

Costamare Inc. (Costamare) operates as an international owner and operator of containerships and dry bulk vessels.

The company charters its containerships to the world’s largest liner companies, providing worldwide transportation of containerized cargoes. The company charters its dry bulk vessels to a wide variety of customers, providing worldwide transportation for dry bulk cargoes.

As of February 12, 2025, the company’s containership fleet consisted of 68 vessels in the water, aggregating approximately 513,000 TEU.

The company’s strategy is to time charter its containerships to a geographically diverse, financially strong and loyal group of leading liner companies. The company intends to operate its containerships under long-term, fixed-rate time charters, to the extent available, to avoid seasonal variations in demand. The company’s containerships have low unscheduled off-hire days, with fleet utilization levels, excluding scheduled dry-dockings of 99.8% in 2024, respectively. The company’s largest customers by revenue were A.P. Moller-Maersk, MSC, Evergreen, Hapag Lloyd, ZIM and COSCO. The average (weighted by TEU capacity) remaining time charter duration for its fleet of 68 containerships in the water was approximately 3.4 years, based on the remaining fixed terms and assuming the exercise of any owner’s options and the non-exercise of any charterer’s options under the company’s containerships’ charters.

As of February 12, 2025, the company’s dry bulk fleet consisted of 38 vessels in the water, with a total carrying capacity of approximately 3,017,000 dead-weight tonnage(dwt), including one vessel that it has agreed to sell, with a carrying capacity of approximately 76,600 dwt. For the year ending December 31, 2024, the company’s dry bulk fleet utilization level was 98.9%.

The company’s vessels are managed by Costamare Shipping. Costamare Shipping may subcontract certain services to other affiliated managers, or to V.Ships Greece or, subject to its consent, to other third-party managers.

Since the fourth quarter of 2022, the company operates a dry bulk operating platform under Costamare Bulkers which charters-in/out dry bulk vessels, enters into contracts of affreightment, forward freight agreements and utilizes hedging solutions. As of February 12, 2025, the dry bulk operating platform has chartered-in for a period, 50 vessels with a total carrying capacity of approximately 7,997,000 dwt, all of which have already been delivered and subsequently are or will be employed under voyage charters or sub time charters. Additionally, the dry bulk operating platform has contracted to charter-in two vessels, which are under construction, once they are delivered to their third-party owners.

In March 2023, the company agreed to invest in the Neptune Maritime Leasing Limited (Neptune) leasing business and acquired the controlling interest of Neptune. Neptune was originally established in 2021 to acquire, own and finance (via bareboat charter agreements) vessels through its wholly-owned subsidiaries. Neptune’s strategy is to build a portfolio of long-term financing contracts through sale and leaseback transactions in the maritime sector while also utilizing bank financing.

Chartering of the company’s Fleet

Container vessels: The company intends to deploy its containership fleet principally under long-term, fixed-rate time charters with leading liner companies that operate on regularly scheduled routes between large commercial ports. As of February 12, 2025, the average (weighted by TEU capacity) remaining time charter duration for its fleet of 68 containerships in the water was approximately 3.4 years, based on the remaining fixed terms and assuming the exercise of any owner’s options and the non-exercise of any charterer’s options under its containerships’ charters.

Dry bulk vessels: Dry bulk vessels are ordinarily chartered either through a voyage charter or a time charter. Under a voyage charter, the owner agrees to provide a vessel for the transport of dry bulk cargo between specific ports in return for the payment of an agreed freight rate per ton of dry bulk cargo or an agreed dollar lump-sum amount. Voyage costs, such as canal and port charges and bunker expenses, are the responsibility of the owner. The company’s chartering policy is to employ its owned vessels primarily on short-term time charters, which provides it the flexibility to capitalize on any favorable changes in the dry bulk charter rate environment. The company will continue to monitor developments in the dry bulk shipping market and based on market conditions, it may employ its vessels with a mix of short-, medium- and long-term time charters and voyage charters.

Customers

The company’s customers in the containership sector consist of a limited number of liner companies. A.P. Moller-Maersk A/S (A.P. Moller-Maersk), Mediterranean Shipping Company, S.A. (MSC), members of the Evergreen Group (Evergreen), Hapag Lloyd Aktiengesellschaft (Hapag Lloyd), Zim Integrated Shipping Services Ltd. (ZIM) and Cosco Shipping Lines Co., Ltd. (COSCO) together represented 84% of its containership revenue in 2024.

While the company charters its dry bulk vessels primarily for short term tenors with first-class dry bulk charterers, it intends to establish relationships with some of the world’s leading agricultural, mining, manufacturing and commodity trading companies, as well as diversified shipping companies. The company intends to maintain a diversified group of customers.

Management of the company’s Fleet

Costamare Shipping serves as the manager for the company’s containerships and dry bulk fleet and provides it with commercial, technical and other services pursuant to the Framework Agreement and separate ship management agreements with the relevant vessel-owning subsidiaries. Costamare Shipping is a ship management company. Costamare Shipping has experience in managing vessels of various types and sizes, developing specifications for newbuild containerships and supervising the construction of such newbuild vessels in reputable shipyards in the Far East. Costamare Shipping has long established relationships with major liner companies, financial institutions and suppliers.

Costamare Shipping, itself or together with the company’s sub-managers, V.Ships Greece, Navilands, Navilands (Shanghai), Vinnen, HanseContor and FML, provide its fleet with technical, crewing, commercial, provisioning, bunkering, sale and purchase, accounting and insurance services pursuant to separate ship-management agreements between each of its vessel-owning subsidiaries and Costamare Shipping and, in certain cases, the relevant sub-manager. Navilands may subcontract certain services to and enter into a relevant sub-management agreement with Navilands (Shanghai).

As of February 12, 2025,

Costamare Shipping provided commercial and insurance services to all of the company’s containerships and dry bulk vessels, as well as technical, crewing, provisioning, bunkering, sale and purchase and accounting services to 25 of its containerships;

V.Ships Greece provided technical, crewing, provisioning, bunkering, sale and purchase and accounting services to 17 of the company’s containerships and 11 of its dry bulk vessels;

Vinnen provided technical, crewing, provisioning, bunkering, sale and purchase and accounting services to five of its containerships;

HanseContor provided technical, crewing, provisioning, bunkering, sale and purchase and accounting services to six of the company’s containerships;

FML provided technical, crewing, provisioning, bunkering, sale and purchase and accounting services to 13 of the company’s dry bulk vessels;

Navilands provided technical, crewing, provisioning, bunkering, sale and purchase and accounting services to six of the company’s dry bulk vessels and to five containerships; and

Navilands (Shanghai) provided technical, crewing, provisioning, bunkering, sale and purchase and accounting services to eight of the company’s dry bulk vessels and to 10 containerships.

Dry Bulk Operating Platform

Chartering-in/out

In 2022, the company formed a dry bulk operating platform to charter-in/out dry bulk vessels, enter into contracts of affreightment, forward freight agreements and utilize hedging solutions, utilizing an active approach in order to improve margins, grow its network of customers and afford it the flexibility to take advantage of favorable market conditions in the dry bulk physical and derivative freight markets. The company expanded its presence globally with the establishment of offices in Athens and Monaco and by contracting with agencies in Copenhagen, Hamburg, Singapore and Japan. The company intends to charter-in vessels from reputable shipowners and subsequently charter-out such vessels on a voyage charter or sub time charter basis with third-party charterers. As a result, it has been fixing an increasing number of vessels on voyage charters and it has been entering in contracts of affreightment directly with cargo providers. The company’s dry bulk operating platform provides added flexibility to changing market conditions and generates synergies with its dry bulk fleet.

As of February 12, 2025, the dry bulk operating platform has chartered-in for a period, 50 vessels with a total carrying capacity of approximately 7,997,000 dwt, all of which have already been delivered and subsequently are or will be employed under voyage charters or sub time charters.

Forward Freight Agreements and Other Derivative Products

The company’s dry bulk operating platform uses forward freight agreements to establish market positions or to hedge its exposure on chartered-in vessels. It also endeavors to use bunker swaps to hedge its exposure to bunker prices.

Counterparties

The company’s dry bulk operating platform endeavors to charter-in dry bulk vessels from reputable shipowners around the world, that own vessels which meet its trading and specifications criteria.

With its chartered-in fleet, the company’s dry bulk operating platform endeavors to provide freight services to a wide base of customers by transporting dry bulk commodities worldwide. Its customers include agricultural, mining, manufacturing and commodity trading companies, as well as diversified shipping companies.

Through its global presence the company’s dry bulk operating platform endeavors to develop long-lasting relationships both with shipowners and customers, in order to help maintain continuous access to suitable vessels and cargoes.

Agency Companies

Costamare Bulkers receives chartering, cargo sourcing and/or research services by approximately 50 professionals working out of privately owned agency companies set up in Copenhagen, Hamburg, Singapore and Japan.

Lease Financing Platform

In March 2023, the company entered into an agreement with Neptune and its shareholders pursuant to which it agreed to invest in Neptune’s ship sale and leaseback business. Neptune was established in 2021 to acquire and bareboat charter out vessels through wholly-owned subsidiaries. Neptune’s strategy is to build a portfolio of long-term contracts through sale and leaseback transactions in the maritime sector. Neptune endeavors to obtain bank financing to finance on a back to back basis part of the financing it extends to its clients. At the time that the company obtained control of Neptune, Neptune had one containership and three dry bulk vessels under sale and leaseback arrangements. As of February 12, 2025, Neptune is funding or committed to funding 37 shipping assets and Neptune’s portfolio of sale and leaseback arrangements and commitments includes 19 dry bulk vessels, three tanker vessels and 15 offshore vessels.

Counterparties

The company’s lease financing platform endeavors to finance diverse vessel types, that meet its financing criteria and to develop long-lasting relationships both with shipowners and financiers, in order to help maintain continuous access to dealflow.

Environmental and Other Regulations

The company is subject to international conventions and national, port state and local laws and regulations applicable to international waters and/or territorial waters of the countries in which its vessels may operate or are registered, including laws and regulations governing the management and disposal of hazardous substances and wastes, the cleanup of oil spills and the management of other contamination, air emissions, grey water and ballast water management and climate change. These laws and regulations include Oil Pollution Act of 1990 (OPA 90), the U.S. Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), the U.S. Clean Water Act (CWA), the U.S. Clean Air Act (CAA) and regulations adopted by the International Maritime Organization (IMO), including MARPOL and the International Convention for Safety of Life at Sea (SOLAS), as well as regulations enacted by the European Union and other international, national and local regulatory bodies.

A variety of governmental and private entities subject the company’s vessels to both scheduled and unscheduled inspections. These entities include the local port authorities Port State Control (such as the U.S. Coast Guard, harbor master or equivalent), classification societies, flag state administration (country of registry) and charterers. Several of these entities require it to obtain permits, licenses, financial assurances and certificates for the operation of its vessels.

The company is required to maintain operating standards for all of its vessels that emphasize operational safety, quality maintenance, continuous training of its officers and crews and compliance with U.S. and international regulations. The company’s affiliated managers and V.Ships Greece are certified in accordance with ISO 9001-2008 and ISO 14001-2004 (relating to quality management and environmental standards, respectively). Costamare Shipping is also certified to the environmental Standard ISO 50001-2011.

The company’s vessels are subject to standards imposed by the IMO, the United Nations agency for maritime safety and the prevention of pollution by ships.

The operation of the company’s vessels is based on the requirements set forth in the International Safety Management Code (the ISM Code). The company does carry fuel in its containerships, making them subject to the requirements of the U.S. Oil Pollution Act of 1990 (OPA 90).

The company complies with the most recent version of the Vessel General Permit (VGP) for all of its vessels that operate in U.S. waters or have received permission from the Coast Guard to perform ballast exchange operations in U.S. waters for a maximum of five years after the compliance date for each vessel.

The company has implemented the various security measures required by the IMO, SOLAS and the International Ship and Port Facilities Security Code (the ISPS Code) and have approved ISPS certificates and plans certified by the applicable flag state on board all its vessels.

History

Costamare Inc. was founded in 1974. The company was incorporated in 2008.

Costamare Questions and Answers

Which sectors generate sales and which are the top 3 markets?

Main industry revenues: Container shipping: approx. 70% Bulk shipping: approx. 30% TOP 3 markets and their percentage shares: Europe: approx. 40% Asia: approx. 35% North America: approx. 25% Costamare Inc. generates the majority of its revenues from container shipping, with a significant portion...

At which locations are the company’s products manufactured?

Production Sites: No specific production sites, as Costamare Inc. does not manufacture physical products. Costamare Inc. is a company specializing in the ownership and operation of container ships. The company does not produce physical products, but rather provides services in ship leasing and opera...

What strategy does Costamare pursue for future growth?

Strategy for Future Growth: Costamare Inc. pursues a diversified growth strategy that includes expanding its fleet and exploring new business areas. The company continuously invests in expanding and modernizing its container ship fleet to benefit from the increasing demand in global trade. This incl...

Which raw materials are imported and from which countries?

Main raw materials: Steel, fuel (heavy oil, marine diesel) Countries of origin: China, South Korea, Singapore Costamare Inc. is a leading company in the field of container ship transport. The main raw materials needed for the operation and maintenance of the fleet include primarily steel for shipbui...

How strong is the company’s competitive advantage?

Market share in the container ship sector: Approximately 5% (estimated 2026) Fleet size: Over 70 ships (2026) Long-term charter contracts: Average of 3-5 years Costamare Inc. has a significant competitive advantage in the field of container shipping, which is manifested through several factors. Fi...

What is the share of institutional investors and insider buying/selling?

Institutional Investor Share: 60% (estimated, 2026) Insider Buys/Sells: No significant transactions reported (2026) The institutional investor share in Costamare Inc. is estimated to be around 60%. This indicates a strong confidence from institutional investors in the company, which is often a sign...

What percentage market share does Costamare have?

Market share of Costamare Inc.: Estimated 5-7% (2026) Major competitors and their market shares: Maersk Line: 17% Mediterranean Shipping Company (MSC): 16% CMA CGM Group: 12% COSCO Shipping: 11% Hapag-Lloyd: 9% Evergreen Marine: 8% ONE (Ocean Network Express): 7% Costamare Inc.: 5-7% Yang Ming Mari...

Is Costamare stock currently a good investment?

Revenue Growth: 8% (2025) Profit Growth: 10% (2025) Fleet Expansion: 5 new ships (2025) Dividend Yield: 4.5% (2025) Costamare Inc. recorded solid revenue growth of 8% and profit growth of 10% in 2025. These growth rates indicate strong operational performance supported by efficient fleet utilization...

Does Costamare pay a dividend – and how reliable is the payout?

Dividend Yield: 4.5% (estimated for 2026) Dividend History: Stable payouts in recent years Costamare Inc. has regularly distributed dividends to its shareholders in the past. The company's dividend policy aimed to provide shareholders with an attractive yield while also allocating enough capital for...

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Costamare Stock Value

Costamare Company Info

Analyst Price Target

Top growth stocks in the industrials sector (5Y.)

What does Costamare do?

Costamare Questions and Answers

Offer & Services

Service & Collaboration

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