Costamare Inc.
costamare.comWhat Do They Do?
Charters containerships to international liner companies and finances shipowners through vessel sale-and-leaseback arrangements.
20-F for FY2025, filed Mar 4, 2026
How Do They Make Money?
Liner companies pay daily hire for use of containerships under time charters, with hire earned over the charter term. Neptune acquires vessels and bareboat-charters them through sale-and-leaseback arrangements.
20-F for FY2025, filed Mar 4, 2026(o) Accounting for Voyage Revenues and Expenses: Revenues are primarily generated from time charter agreements, which contain a lease as…View ↗
In March 2023, we entered into an amended and restated subscription and shareholders’ agreement with the existing Neptune shareholders at…View ↗
Neptune’s strategy is to build a portfolio of long-term contracts through sale and leaseback transactions in the maritime sector. Neptune…View ↗
-
20-F for FY2025, filed Mar 4, 2026
FY2025 revenue by reportable segment ↗
$877.9M
-
20-F for FY2025, filed Mar 4, 2026
$877.9M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Container Vessels Segment
Recurring
20-F for FY2025, filed Mar 4, 2026 |
96%
FY2022: 72%
|
Container Vessels Segment, FY2025
$846.7M Sources
|
Recurring |
|
Neptune Maritime Leasing Limited ("NML")
Recurring
|
3.6% |
Neptune Maritime Leasing Limited ("NML"), FY2025
$31.2M Sources
|
Recurring |
Who Are Their Customers?
International liner companies charter the containerships; Neptune’s sale-and-leaseback platform works with shipowners.
20-F for FY2025, filed Mar 4, 2026We are an international owner and operator of containerships. We charter our containerships to some of the world’s largest liner companies…View ↗
For our containership fleet, our customers include many of the leading international liner companies, including, among others, A.P.…View ↗
Neptune’s strategy is to build a portfolio of long-term contracts through sale and leaseback transactions in the maritime sector. Neptune…View ↗
Our lease financing platform endeavors to finance diverse vessels types, that meet its financing criteria and to develop long-lasting…View ↗
20-F for FY2025, filed Mar 4, 2026
2023 2024 2025 A 22% 20% 12% B 16% 14% 17% C 17% 21% 28% D 9% 10% 6% E 11% 11% 11% Total 75% 76% 74%View ↗
Do Revenues Turn Into Profits?
Yes. It kept 42 cents of every revenue dollar as net income in FY2025.
20-F for FY2025, filed Mar 4, 2026
How Are They Changing?
Growing. Revenue grew 11% in 4 years, from $793.6M in FY2021 to $877.9M in FY2025, about 3% a year.
Dry bulk separation
The older report described owned dry bulk vessels and a dry bulk operating platform; the latest report says Costamare Bulkers was spun off, while containership chartering and Neptune’s vessel-financing platform remain.
20-F for FY2022, filed Apr 3, 2023 20-F for FY2025, filed Mar 4, 2026On May 6, 2025, Costamare completed the Spin-Off of Costamare Bulkers, distributing to Costamare shareholders of record on April 29, 2025…View ↗
We are an international owner and operator of containerships. We charter our containerships to some of the world’s largest liner companies…View ↗
Neptune’s strategy is to build a portfolio of long-term contracts through sale and leaseback transactions in the maritime sector. Neptune…View ↗
Loading...
