- Costamare Bulkers signed a strategic cooperation agreement with Cargill International to strengthen dry bulk operations.
- The deal transfers the majority of Costamare’s trading book, including chartered-in vessels and commitments, to Cargill.
- Four Supramax vessels will be chartered to Cargill, alongside collaboration on bunkering services and decarbonisation projects.
- Both companies will explore joint investments in dry bulk assets and long-term business ventures.
Costamare Bulkers Holdings Limited has entered into a strategic cooperation agreement with Cargill International S.A., marking a significant step in strengthening partnerships within the dry bulk sector. The announcement was made through a release by GlobeNewswire.
As part of the agreement, Costamare Bulkers will transfer the majority of its trading book to Cargill, covering chartered-in vessels, cargo transportation commitments, and derivative positions. The deal also includes the chartering of four Supramax vessels for four to six months, a bunkering services agreement with Seascale Energy, and collaboration on decarbonisation and vessel efficiency initiatives. Both parties will also explore joint investments in dry bulk assets and new business ventures, creating opportunities for long-term growth and stability in the sector.
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Source: GlobeNewswire
