CMRP News

Costamare Partners LP, a growth MLP carved out of Costamare to own four modern containerships, withdrew its plans for an initial public offering on Monday citing poor market conditions. The Athens, Greece-based company was founded in 2014 and booked $59 million in sales for the 12 months ended June 30, 2015. It had planned to list on the NYSE under the symbol CMRP. Morgan...read more

Costamare Partners LP, a growth MLP carved out of Costamare to own four modern containerships, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. Operations The company will operate an initial fleet of four vessels with an average remaining charter term of about 6.7 years. Three were built in 2013 (8,800 TEU capacity; $42,000...read more