Costamare Bulkers extends charters for 2020 Bulkers newcastlemax pair

New York-listed Costamare Bulkers has extended contracts on two newcastlemaxes from 2020 Bulkers.

The Gregory Zikos-led recently launched spinoff of Greek owner Costamare has fixed the 2020-built Bulk Santos and Bulk Sao Paulo on index-linked deals for 11 to 13 months.

The Lars-Christian Svensen-led owner of six newcastlemaxes said in a filing that the index-linked charters reflect a significant premium to a standard capesize vessel, as well as an additional premium related to the fuel cost saving from the scrubbers.

Both ships have traded under Costamare’s platform CBI, consisting of nearly 50 newcastlemaxes, capes and kamsarmaxes, since the second quarter of 2023. The company also counts 37 bulkers in its owned fleet, ranging from 32,000 to 180,000 dwt.