Company: CMDB
Filing Date: 2025-04-17
Form Type: 20FR12B/A
Source: 0001140361-25-014307
Chunk: 116

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-17
Form: 20FR12B/A
Chunk 116
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 under voyage charters or sub time charters. Furthermore, CBI has contracted to charter-in two Kamsarmax vessels, which are currently under construction, once they are delivered to their third-party owners. From time to time, CBI may enter into similar vessel charter-in agreements with purchase options. Our Customers While we currently charter our owned fleet of dry bulk vessels primarily for short-term tenors with reputable dry bulk charterers, we also aim to establish relationships with some of the world’s leading agricultural, mining, manufacturing and commodity trading companies as well as diversified shipping companies. We aim to maintain a diversified group of customers. For the year ended December 31, 2024, based on the location of the loading ports, 39% of our customer base is in Australia and New Zealand, 23% in South America, 14% in Africa, 8% in North America, 7% in Asia, 5% in the Middle East and India and 4% in Europe. Our dry bulk operating platform endeavors to charter-in dry bulk vessels from reputable shipowners around the world, that own vessels which meet its trading and specifications criteria. With its chartered-in fleet, our dry bulk operating platform endeavors to provide freight services to a wide base of customers by transporting dry bulk commodities worldwide. Its customers include agricultural, mining, manufacturing and commodity trading companies as well as diversified shipping companies. Through its global presence our dry bulk operating platform endeavors to develop long-lasting relationships both with shipowners and customers, in order to help maintain continuous access to suitable vessels and cargoes. Management of Our Fleet Owned Fleet Costamare Shipping serves as the manager for our owned dry bulk fleet and will provide us with commercial, technical and other services pursuant to the Framework Agreement and separate ship management agreements with the relevant vessel-owning subsidiaries. The Framework Agreement, including the fee structure thereunder, will be substantially similar to the Framework Agreement dated November 2, 2015, as most recently amended and restated on June 28, 2021, as amended on December 12, 2024, between Costamare Inc. and Costamare Shipping (the “CMRE Framework Agreement”), under which our dry bulk fleet has been managed prior to the spin-off. Costamare Shipping is a ship management company that was established in 1974 and is controlled by Konstantinos Konstantakopoulos. Costamare Shipping has more than 50 years of experience in managing vessels of various types and sizes (including dry bulk vessels),