Company: CMDB
Filing Date: 2025-04-17
Form Type: 20FR12B/A
Source: 0001140361-25-014307
Chunk: 157

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-17
Form: 20FR12B/A
Chunk 157
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 fuel choice having yet emerged. This has likely undermined newbuild contracting volumes in recent years to an extent, as have the long lead times and elevated newbuild pricing which now characterize the shipbuilding sector generally.

Dry bulk vessel newbuilding has traditionally been dominated by shipyards in three countries – China, Japan and South Korea. Over the last decade, Chinese shipyards have been the largest builder country in the sector, delivering 57% of total dry bulk vessel tonnage, while Japanese yards built around 35%, and Korean and Philippine yards together built less than 10%. By February 2025, Chinese yards accounted for 71% of dry bulk vessel capacity on order globally, followed by Japanese yards (24%) and Philippine yards (4%), while South Korean yards had negligible capacity on order.

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TABLE OF CONTENTS

Figure 6. Dry Bulk Fleet Development

| End Year       |        |     | Capesize |         |     |      |        |     | Panamax |         |     |      |        |     | Handymax |         |     |      |        |     | Handysize |         |     |      |        |     |   TOTAL |         |     |      |
|                | m. dwt |     |          | % y-o-y |     |      | m. dwt |     |         | % y-o-y |     |      | m. dwt |     |          | % y-o-y |     |      | m. dwt |     |           | % y-o-y |     |      | m. dwt |     |         | % y-o-y |     |      |
| 2014           |        |     |    308.1 |         |     | 4.9% |        |     |   192.5 |         |     | 4.4% |        |     |    166.6 |         |     | 5.0% |        |     |      97.4 |         |     | 1.5% |        |     |   764.6 |         |     | 4.3% |
| 2015           |        |     |    309.2 |         |     | 0.4% |        |     |   195.3 |         |     | 1.5% |        |     |    178.8 |         |     |