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.