CMRE · CIK 0001503584
What Costamare Inc. told the SEC could break it.
2 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far, we surface every cited disclosure we’ve extracted for CMRE. More may follow as additional filings are processed.
In its own words
What could break it.
Customer concentration
- top 5 liner customers — 74% of containership revenuehigh
A.P. Moller-Maersk, MSC, Evergreen, Hapag-Lloyd and ZIM together were 74% of FY2025 containership revenue (75-76% prior years) — heavy concentration in a consolidating liner industry that erodes bargaining power.
“Moller-Maersk, MSC, Evergreen, Hapag Lloyd and ZIM together represented 75%, 76% and 74% of our containership revenue in 2023, 2024 and 2025, respectively.”
SEC filing →As of 2026
Key person
- related-party ship managers — operations outsourced under Framework/Services Agreementsmedium
Commercial and technical operation of the fleet is outsourced to related-party managers under the Framework Agreement, Services Agreement, and per-vessel ship-management agreements — concentrating operational capability outside the public company.
“We depend on our managers to operate and expand our business and compete in our markets.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
Ocean Network Express (ONE)
“For our containership fleet, our customers include many of the leading international liner companies, including, among others, A.P. Moller-Maersk, COSCO, Evergreen, Hapag Lloyd, MSC, Yang Ming, ZIM, ONE, OOCL and CMA CGM.”
Cited →Hapag-Lloyd AG
“For our containership fleet, our customers include many of the leading international liner companies, including, among others, A.P. Moller-Maersk, COSCO, Evergreen, Hapag Lloyd, MSC, Yang Ming, ZIM, ONE, OOCL and CMA CGM.”
Cited →Evergreen Group
“For our containership fleet, our customers include many of the leading international liner companies, including, among others, A.P. Moller-Maersk, COSCO, Evergreen, Hapag Lloyd, MSC, Yang Ming, ZIM, ONE, OOCL and CMA CGM.”
Cited →A.P. Moller-Maersk
In the MyPRIA app, this is checked against the companies you actually own.
← World Watch