Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 196

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 196
---
 a period lessthe aggregate number of dry dock days and dry dock ballast days during such period. We use the following definitions in our calculation of available days (owned dry bulk fleet):

| • | Dry dock days.We define dry dock days as the days during a period that a vessel underwent scheduled repairs or repairs under guarantee, vessel upgrades, scheduled dry-docking or special surveys. |

| • | Dry dock ballast days. We define dry dock ballast days as the total days during a period that a vessel spends sailing to and from a shipyard for scheduled repairs or repairs under guarantee, vessel upgrades, scheduled dry-docking or special surveys. |

The available days (owned dry bulk fleet) for each of the quarters from July 1, 2023 to December 31, 2024 is shown in the below table.

|                                       |     | For the three-month period ended* 
                     September 30, 
                              2023 |     | December 31, 
         2023 |     | March 31, 
      2024 |     | June 30, 
     2024 |     | September 30, 
          2024 |     | December 31, 
         2024 |
|:--------------------------------------|:----|----------------------------------:|:----|-------------:|:----|----------:|:----|---------:|:----|--------------:|:----|-------------:|
| Available Days (Owned Dry Bulk Fleet) |     |                             3,904 |     |        4,030 |     |     3,534 |     |    3,316 |     |         3,357 |     |        3,343 |

Owned Dry Bulk Fleet Utilization We calculate utilization of our owned dry bulk fleet (including vessels chartered-in by CBI) by dividing (i) the aggregate number of our on-hire days and ballast days (excluding dry dock ballast days) in a period of our owned dry bulk fleet by (ii) the number of our available days (owned dry bulk fleet) during such period. We use the following definitions in our calculation of utilization of owned dry bulk fleet:

| • | On-hire days.We define on-hire days as the total days that a vessel was on-hire during a period. |

| • | Ballast days (excluding dry dock ballast days).We define ballast days (excluding dry dock ballast days) during a period, as the total