Costamare is a backlog-protected containership lessor trading below asset value, offering resilient contracted cash flows and dividend upside despite industry overcapacity fears.
Overview
Costamare is a Monaco-based global containership owner with a 52-year operating history, 79 containerships including newbuilds, and highly visible cash flows from long-term charters with major liner operators. Following the 2025 dry bulk spin-off, CMRE is now a focused container leasing platform with an added lease-financing arm through Neptune Maritime Leasing. Its customer base includes leading liner companies such as COSCO and Wan Hai, supported by decades-long relationships, strong liquidity, operational reliability, and financing access for specialized newbuild vessels.