Top staff have exited Oldendorff Carriers to set up new bulker-focused businesses in Copenhagen, Hamburg and Singapore that will be backed by Costamare.

The Danish, German and Singaporean entities — all named Costamare Bulkers Services — appear to have backing from the private side of the Konstantinos Konstantakopoulos-controlled Costamare group. The public entity, Costamare Inc, is listed on the New York Stock Exchange.

A bulker market source said the new company is set to be announced publicly in January 2023 with staff drawn largely from Oldendorff, at least some of whom left their positions early this year to serve out a non-competition agreement.