Costamare Bulkers trims loss as it restructures operating platform
- US-listed bulker company was spun off from Costamare’s containership fleet last year
- Fourth-quarter adjusted loss came to $1.7m
- Greece-based owner and operator sells two older vessels and buys an eight-year-old ultramax
Majority of company’s trading book including chartered-in vessels, cargo commitments and derivatives has been transferred to Cargill under strategic co-operation
