Company: CMDB
Filing Date: 2025-04-17
Form Type: 20FR12B/A
Source: 0001140361-25-014307
Chunk: 160

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-17
Form: 20FR12B/A
Chunk 160
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 12.5 years old by early 2025, relatively young by historical standards (1990s and 2000s average: more than 14 years) though having now increased considerably from the low of less than 9 years seen in the mid-late 2010s following a number of years of both robust newbuilding deliveries and firm scrapping in the wake of the financial crisis/shipping market “super-cycle” of the late 2000s. While much of the dry bulk fleet is reasonably young (38% of dwt is less than 10 years old), the age profile does include some significant portions of older tonnage, with 25% of capacity 15+ years old and 10% of capacity 20+ years old.

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TABLE OF CONTENTS

Figure 9. Dry Bulk Vessel Demolition Trends

|                   |     |     Capesize 
 100,000 dwt+ |     |        |     |       Panamax 
 70-99,999 dwt |     |        |     |      Handymax 
 40-69,999 dwt |     |        |     |     Handysize 
 10-39,999 dwt |     |        |     | Total |     |        |
|                   |     |          No. |     | m. dwt |     |           No. |     | m. dwt |     |           No. |     | m. dwt |     |           No. |     | m. dwt |     |   No. |     | m. dwt |
| 2013              |     |           44 |     |    7.9 |     |            74 |     |    5.0 |     |            80 |     |    3.5 |     |           233 |     |    6.7 |     |   431 |     |   23.2 |
| 2014              |     |           25 |     |    4.2 |     |            69 |     |    4.8 |     |            72 |     |    3.2 |     |           151 |     |    4.2 |     |   317 |     |   16.4 |
| 2015              |     |           93 |     |   15.4 |     |