Costamare Bulkers Holdings Limited announced the signing of a strategic cooperation agreement with Cargill International, with the aim of strengthening its position in the solid bulk shipping sector and advancing the decarbonization of its operations.
The shipping alliance
Under the agreement, Costamare Bulkers will transfer to Cargill most of its trading portfolio, which includes chartered vessels, freight forwarding commitments and derivatives positions. In addition, the company will charter four Supramax vessels to Cargill for a period of four to six months.
In addition, this pact includes a fueling services agreement, which bunkering services with Seascale Energy, a joint venture between Cargill and Hafnia, which will cover both Costamare Bulkers’ own fleet and its operating fleet.
We are pleased to announce the agreement with Cargill, a top-tier and highly respected partner in the bulk solids sector.
This alliance allows us to reduce exposure to volatile commercial business and generate more stable revenues, while maintaining our CBI operating platform as an essential part of our business model.
Gregory Zikos, chief executive officer of Costamare Bulkers Holdings Limited.
Both parties will also collaborate on energy efficiency strategies and decarbonization projects. decarbonization projects The two parties will also collaborate on energy efficiency strategies and decarbonization projects, with a view to reducing shipping emissions and promoting the sustainability of the sector.
This partnership will allow us to better serve our customers and expand our current fleet. We look forward to strengthening this strategic relationship with Costamare and continuing to grow together.
Jan Dieleman, president of Cargill Ocean Transportation.
Source and photo: Costamare Bulkers
