Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 126

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 126
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 Shipping, with a fleet of 318 vessels of an aggregate carrying capacity of approximately 35.9 million dwt, while the rest of the top five in terms of total dwt capacity is comprised of Japan’s NYK (198 ships of approximately 22.2 million dwt), Norway’s Frederiksen Group (107 vessels of approximately 15.1 million dwt), Greece’s Star Bulk Carriers (151 ships of approximately 14.6 million dwt), and Singapore’s Berge Bulk (69 vessels of approximately 13.1 million dwt).

#### Crewing and Shore Employees
We have four shore-based officers, our chief executive officer, our chief commercial officer, our chief financial officer and our general counsel and secretary. We do not pay any compensation to our officers for their services as officers. Our officers are employed by and receive compensation for their services from Costamare Shipping or Costamare Services or Local Agency B. Our chief executive officer and chief financial officer are also employed by and receive compensation from CBI. As of December 31, 2024, Costamare Shipping, Costamare Services and the Agency Companies employed, in the aggregate, approximately 260 people and approximately 800 seafarers were serving on our owned vessels. As of December 31, 2024, CBI employed approximately 40 people, of which 20 people were also employed by Costamare Shipping and/or Costamare Services. Our managers are responsible for recruiting, either directly or through manning agents, the officers and crew for our owned vessels that they manage. We believe the streamlining of crewing arrangements through our managers ensures that all of our owned vessels will be crewed with experienced crews that have the qualifications and licenses required by international regulations and shipping conventions. Neither we nor our managers have experienced any material work stoppages due to labor disagreements during the past three years.

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#### TABLE OF CONTENTS

#### Seasonality
We will operate our vessels in markets that have historically exhibited seasonal variations in demand and, as a result, in charter hire and freight rates. This seasonality may result in quarter-to-quarter volatility in our operating results. The dry bulk market is typically stronger in the fall in anticipation of increased consumption of coal in the northern hemisphere during the winter months and the grain export season from North America and in the spring months in anticipation of the South American grain export season due to increased distance traveled known as ton mile effect, as well as increased coal imports in