Company: CMDB
Filing Date: 2025-04-17
Form Type: 20FR12B/A
Source: 0001140361-25-014307
Chunk: 153

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-17
Form: 20FR12B/A
Chunk 153
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atonnes), South Africa (70 megatonnes) and Colombia (52 megatonnes) are the major seaborne coal exporting nations, while imports are increasingly dominated by demand from Asia (notably China, India, Japan and Korea). Europe has historically been a key market too (EU/UK approximately 30% of global seaborne imports in the mid-2000s), though imports have declined sharply in recent years to less than 5% of imports in 2024. Seaborne grain trade totaled 532 megatonnes in full year 2024, and is comprised of a range of individual commodities including wheat, coarse grains (such as maize/corn, barley and sorghum), and soybeans. Brazil (142 megatonnes in 2024) and the U.S./Canada (150 megatonnes in 2024) are the largest seaborne grain exporters globally, while Argentina, the EU, Russia and Ukraine are also key players. China has risen to become the largest single importer in recent years (151 megatonnes in 2024) but grain trade is extremely diverse, with countries across Asia, Africa, the Middle East and Latin America also key importers. Long-haul Atlantic (notably U.S., Brazilian and Argentinian) grain exports to Asia have grown sharply over the last decade; the average haul of grain trade is now much longer than that of iron ore or coal trade, and as such grain accounts for nearly 15% of total dry bulk vessel demand in tonne-mile terms, compared to less than 10% in tonnes. Seaborne minor bulk trade totaled approximately 2.25 billion tonnes in full year 2024 (vs. around 3.5 billion tonnes for major bulks), and is comprised of an extremely wide range of commodities, goods, participating partner countries, and specific trade flows. Semi-manufactures including steel products (e.g. coils, slabs, long products, plates etc.) and forest products (e.g. logs, sawn wood, chips, pulp etc.) together accounted for around 700 megatonnes of trade in 2024, while agribulks including sugar, oilseed meals, rice, fertilisers, etc. accounted for a further almost 475 megatonnes. Metals and minerals including bauxite (aluminium ore), nickel ore, copper concentrates, scrap metal, cement, salt, coke/petcoke and many more account for the remaining approximately 1 billion tonnes.