Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 32

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 32
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 included in this registration statement, in evaluating Costamare Bulkers Holdings and our shares. The following risk factors could adversely affect our business, financial condition, results of operations and the price of our shares. Risk Factor Summary Industry Risks

| • | Our profitability will be dependent on the level of charter and freight rates in the international dry bulk shipping industry which are based on macroeconomic factors outside of our control; |

| • | We are dependent primarily on short-term time charters, voyage charters and index-linked charters, which are exposed to volatility in the spot market; |

| • | We may have difficulty securing profitable employment for our vessels if their charters expire in a depressed market; |

| • | An oversupply of dry bulk vessel capacity may reduce charter rates and profitability and may require us to raise additional capital in order to remain compliant with our loan covenants and affect our ability to pay dividends; |

| • | The operation of dry bulk vessels entails certain unique operational risks, which could affect our business, financial condition, results of operations and ability to pay dividends; and |

| • | Downside risks to the world economy, ongoing conflicts, renewed terrorist activity, the outbreak of a pandemic crisis, international hostilities, the refugee crisis and protectionist policies which could affect advanced economies, could have a material adverse effect on our business, financial condition and results of operations. |

Risks Inherent in Our Business

| • | The increased volatility of our dry bulk operating platform may have a material adverse effect on our earnings and cash flow; |

| • | Declines in the value of our derivative instruments, such as forward freight agreements, could have an adverse effect on our future performance, results of operations, cash flows and financial position; |

| • | Our managers may be unable to attract and retain qualified, skilled crews on our behalf necessary to operate our owned vessels or may pay rising crew wages and other vessel operating costs; |

| • | Fuel, or bunker, price fluctuations may have an adverse effect on our cash flows, liquidity and our ability to pay dividends to our shareholders; |

| • | We must make substantial capital expenditures to maintain the operating capacity of our owned fleet, which may reduce or eliminate the amount of cash available for distribution to our shareholders; |

| • | We may have difficulty properly managing our growth through acquisitions of new or secondhand vessels and we may not realize expected benefits from these acquisitions; |

| • | Our limited operating history in the dry bulk shipping sector may make it difficult to assess