Costamare Bulkers to collaborate with Cargill on dry bulk ships. Decarbonization projects included

Monaco-based dry bulk vessel owner and operator Costamare Bulkers Holdings Limited has signed a strategic cooperation agreement with Swiss freight trader Cargill International covering dry bulk vessels and decarbonization projects.

Under the agreement, Costamare Bulkers will transfer to Cargill the majority of its trading book, comprising chartered-in vessels, cargo transportation commitments, and derivative positions.

In addition, it will charter to Cargill four Supramax vessels for a period of four to six months.

Furthermore, Costamare Bulkers will enter into a bunkering services agreement with Seascale Energy — a joint venture between Cargill and Hafnia — covering its owned and operating fleet.

Costamare and Cargill will also enter into an agreement in respect of decarbonization and vessel efficiency strategies and implementing decarbonization projects.

Finally, the duo will explore opportunities to jointly invest in dry bulk assets and other dry-bulk business ventures, as well as other potential business opportunities in the dry bulk sector.

“We are pleased to announce the agreement with Cargill … and we look forward to pursuing further cooperation and co-investment opportunities. The agreement allows us to reduce our exposure in the