The founders of Costamare Inc. have a long history of operating and investing in the shipping industry. The name “Costamare” was first used in the shipping industry in 1975 when Captain Vasileios Konstantakopoulos, the father of our chairman and chief executive officer Konstantinos Konstantakopoulos, founded Costamare Shipping Company S.A. (“Costamare Management”) to serve as the manager of the then existing fleet of ships directly or indirectly owned by the Konstantakopoulos family.
The initial focus was on drybulk carriers, but the founders of Costamare Inc. soon grasped the importance of containerization and evolved into one of the largest independent owners of containerships in the world.
Kostis Konstantakopoulos, our current chairman and chief executive officer, became the CEO of Costamare Management in 1998. Under his leadership the following corporate actions were taken while the company continued to foster a culture focusing on excellent customer service, industry leadership and innovation.
2001 Incorporation of CIEL Shipmanagement S.A. (“CIEL”) a specialised management company
2005 Incorporation in People’s Republic of China of Shanghai Costamare Ship Management Co., Ltd. (“Shanghai Costamare”) a specialised management company
2006 Incorporation in the Philippines of C-Man Maritime Inc., a manning agency
2008 Ownership of the Costamare fleet of containerships was consolidated under the holding structure of Costamare Inc.
2010 - Costamare Inc. listed on the New York Stock Exchange under the ticket "CMRE"
Historical Highlights>> 1975 Costamare Management is established by a Greek Captain Vasileios Konstantakopoulos. At the same time Captain Vasileios Konstantakopoulos acquires his first ship, a cargo vessel of 2,000 tons. 1984 Diversification into containership ownership and management with the purchase of four containerships of 1,000 TEU capacity. 1987 Acquisition of more, younger and bigger, containerships including six of 965 TEU capacity and two ex-US Lines' owned containerships, of 2,500 TEU each. 1994 The first newbuildings are ordered - three 3,500 TEU ships from Samsung Heavy Industries Co., Ltd. to be delivered in 1996. This ings the fleet to 32 cellular ships. 1997 The founders and Costamare Management move to their new purpose-built headquarters in Athens, Greece. 1998 Five post-panamax containerships of 6,500 TEU capacity are ordered, the largest for construction in South Korea and the first post-panamaxes for an independent containership owner. 1998 Konstantinos Konstantakopoulos takes over from his father as CEO of Costamare Management. 2001 CIEL Shipmanagement S.A.is launched as an independent ship management company, inging further flexibility and benchmarking to the management of the Costamare fleet of containerships. 2003 Five ships of more than 8,000 TEU capacity each are ordered from Hyundai Heavy Industries Co. Ltd. to be delivered in 2006. In due course these containerships are expanded in design to 9,500 TEU capacity each. 2005 Shanghai Costamare Ship Management Co., Ltd is established in Shanghai, P.R. China. 2006 On delivery, the latest Hyundai newbuildings become five of the largest containerships afloat and commence 12-year charters to Cosco Container Lines. 2006 C-Man Maritime Inc. begins operations in the Philippines as an exclusive manning and training affiliate for Costamare Management and its management contractors. 2008 Under an agreement with German classification society Germanischer Lloyd, five of the Costamare fleet of containerships operationally pioneer a new carbon emissions indexing tool, making them the first worldwide to fully comply with new international guidelines on CO2 indexing. 2010 Delivery of the latest addition to the Costamare fleet of containerships, the 8,350 TEU capacity newbuilding containership, MSC Navarino, constructed by Hudong-Zhonghua Shipbuilding (Group) Co. Ltd., China.