Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 161

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 161
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 and amid periods of positive forwards sentiment.

The average age of the dry bulk vessel fleet stands at 12.5 years old by early 2025, relatively young by historical standards (1990s and 2000s average: more than 14 years) though having now increased considerably from the low of less than 9 years seen in the mid-late 2010s following a number of years of both robust newbuilding deliveries and firm scrapping in the wake of the financial crisis/shipping market “super-cycle” of the late 2000s. While much of the dry bulk fleet is reasonably young (38% of dwt is less than 10 years old), the age profile does include some significant portions of older tonnage, with 25% of capacity 15+ years old and 10% of capacity 20+ years old.

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TABLE OF CONTENTS

Figure 9. Dry Bulk Vessel Demolition Trends

|                   |     |     Capesize 
 100,000 dwt+ |     |        |     |       Panamax 
 70-99,999 dwt |     |        |     |      Handymax 
 40-69,999 dwt |     |        |     |     Handysize 
 10-39,999 dwt |     |        |     | Total |     |        |
|                   |     |          No. |     | m. dwt |     |           No. |     | m. dwt |     |           No. |     | m. dwt |     |           No. |     | m. dwt |     |   No. |     | m. dwt |
| 2013              |     |           44 |     |    7.9 |     |            74 |     |    5.0 |     |            80 |     |    3.5 |     |           233 |     |    6.7 |     |   431 |     |   23.2 |
| 2014              |     |           25 |     |    4.2 |     |            69 |     |    4.8 |     |            72 |     |    3.2 |     |           151 |     |    4.2 |     |   317 |     |   16.4 |
| 2015