Costamare Inc. v. Brandy Mamou

CourtCourt of Appeals of Texas
DecidedMarch 20, 2025
Docket01-23-00865-CV
StatusPublished

This text of Costamare Inc. v. Brandy Mamou (Costamare Inc. v. Brandy Mamou) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Costamare Inc. v. Brandy Mamou, (Tex. Ct. App. 2025).

Opinion

Opinion issued March 20, 2025

In The

Court of Appeals For The

First District of Texas ———————————— NO. 01-23-00865-CV ——————————— COSTAMARE, INC., Appellant V. BRANDY MAMOU, Appellee

On Appeal from the 295th District Court Harris County, Texas Trial Court Case No. 2022-62053

MEMORANDUM OPINION

Costamare, Inc. (“Costamare”), a foreign holding company, appeals the

denial of its special appearance. Plaintiff-appellee Brandy Mamou, a longshoreman

truck driver, alleged that he was seriously injured while driving his truck and

assisting with discharging containers from the container ship Sealand Washington at the Port of Houston. Although Costamare is neither incorporated in Texas, nor is

Texas its principal place of business, Mamou alleged that the trial court had

specific jurisdiction over Costamare as the alter ego of Christos Maritime

Corporation, the owner of the ship. On appeal, Costamare argues that the trial court

erred by denying its special appearance because Mamou failed to meet his burden

to prove alter ego for the purpose of jurisdiction.

We agree. Mamou failed to meet his burden to establish that Costamare is

the alter ego of Christos Maritime Corporation. We reverse the trial court’s order

denying the special appearance and render judgment dismissing Mamou’s claims

against Costamare, Inc.

Background

I. Costamare, Costamare Shipping, and Christos

A. Costamare

Costamare is a holding company that has been in business for more than 50

years and is publicly traded on the New York Stock Exchange. Costamare is

incorporated in the Marshall Islands, and its principal place of business is Monte

Carlo, Monaco, where board meetings are held. Costamare’s chief executive

officer is Konstantinos Konstantakopoulos, whose father founded Costamare.

Gregory Zikos is the chief financial officer and director of Costamare. Other

2 directors are Konstantino Zacharatos, Charlotte Stratos, and Vagn Lehd Moller.

Anastasios Gabrielides serves as general counsel and secretary of Costamare.

Through its subsidiaries, Costamare provides containerships and dry bulk

vessels for charter. Costamare wholly owns around 110 subsidiaries, each of which

owns a single vessel.1 Subsidiary companies pay salaries, management fees,

financing costs from loans, and other expenses, and the charterers make payments

directly to the subsidiaries, not to Costamare. Costamare’s subsidiaries annually

retain funds for upcoming liabilities and then pay the remaining profit to

Costamare as dividends. When a subsidiary has a deficit, the necessary funds are

provided either by a third-party loan, which may be guaranteed by Costamare, or

by a capital infusion from Costamare. Costamare has no employees. Costamare

shares no bank accounts with Costamare Shipping or Christos. The consolidated

financial statements that Costamare files with the U.S. Securities and Exchange

Commission include all Costamare’s subsidiaries. In its annual reports, Costamare

describes the vessels owned by its subsidiaries as its fleet.

B. Costamare Shipping

Costamare Shipping Company S.A. (“Costamare Shipping”) is a private

company, incorporated in Panama, with its principal place of business in Athens,

Greece. It is solely owned by Konstantinos Konstantakopoulos, who is the

1 According to Costamare’s annual reports, it also has other holdings, including companies solely or jointly with related parties or with third parties. 3 president and a director of the company. Konstantin Zacharatos and Mr.

Papaioannou are also directors of Costmare Shipping. George Koutantakis is the

chief financial officer.

Costamare Shipping provides management services primarily to vessels

owned by Costamare’s subsidiaries. Costamare and Costamare Shipping entered

into a contract (“the Framework Agreement”) in which Costamare promised to

cause its subsidiaries to enter into individual ship management contracts with

Costamare Shipping for commercial and technical management services.

Commercial management services included finding customers to charter the

vessels, negotiating charter contracts (“charter parties”), providing accounting and

legal support, and securing insurance coverage. Technical management services

included hiring crews for the vessel owner, ensuring repairs and maintenance were

completed, and anything else necessary to ensure the safe operation of the vessel.

Under the Framework Agreement, technical management services could be

provided by Costamare Shipping or by a third-party technical manager, like

V.Ships Greece, Ltd (“V.Ships”).

Costamare Shipping shares no bank accounts with Costamare or Christos. In

its 2021 Annual Report, Costamare explained the supervisory relationship between

Costamare and Costamare Shipping:

Our chairman and chief executive officer and our chief financial officer supervise, in conjunction with our board of directors, the 4 services provided by Costamare Shipping . . . . Costamare Shipping . . . report[s] to our board of directors through our chairman and chief executive officer and our chief financial officer, each of whom is appointed by our board of directors.

C. Christos Maritime Corporation

Christos Maritime Corporation (“Christos”) is one of Costamare’s wholly-

owned subsidiaries. Christos is incorporated in Liberia, and it has a mailing

address “care of” its managers in Athens, Greece. Konstantinos Konstantakopoulos

is the sole director, president, secretary, and treasurer of Christos. Christos owned

the Sealand Washington until it was sold to the subsidiary of a third-party

Mediterranean shipping company in February 2023.

The Sealand Washington was commercially managed by Costamare

Shipping and technically managed by V.Ships Greece Ltd. Under the management

agreement, Costamare Shipping negotiated ‘charter party’ contracts for Christos

and handled its accounting.2 At the time of Mamou’s injury, Maersk Line A/S

(“Maersk”) had chartered the Sealand Washington under a ‘time charter party’ that

gave Maersk the right to determine certain operating details regarding cargo and

delivery, and to direct routes and schedule port calls.

Christos, not Costamare, employed the Sealand Washington crew. Christos

shares no bank accounts with either Costamare or Costamare Shipping.

2 ‘Charter party’ or ‘charterparty’ is a term of art in the shipping business referring to contracts between vessels and the charterers of those vessels.

5 II. The Incident

Mamou was a longshoreman truck driver working at the Houston Bayport

Container Terminal, which is owned and operated by the Port of Houston

Authority (“POHA”). On August 4, 2022, Mamou was driving his truck and

assisting with discharging containers from the container ship Sealand Washington.

As he was “driving down Lane 4 at Bayport 2, proceeding to receive another

container,” his truck was “struck by a spreader bar attached to crane #205,”

operated by a POHA employee. Mamou alleged that “[t]he spreader bar struck the

cab of the truck at least twice.” Mamou lost consciousness and sustained multiple,

significant injuries to several parts of his body.

III. The Lawsuit

Mamou initially filed suit against POHA, and he later added Maersk Line,

Limited, Costamare, Christos, Costamare Shipping, and V.Ships.

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Costamare Inc. v. Brandy Mamou, Counsel Stack Legal Research, https://law.counselstack.com/opinion/costamare-inc-v-brandy-mamou-texapp-2025.