Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 161

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 161
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     | 26 |
| Panamax   |        |     | 65-99,999 DWT |             |     |       434 |          |     |  36.0 |      |     | 13.7% |      |     |                                     125 |      |     | 170 |       |     | 108 |     | 31 |
| Handymax  |        |     | 40-64,999 DWT |             |     |       469 |          |     |  29.7 |      |     | 12.0% |      |     |                                     171 |      |     | 165 |       |     | 110 |     | 23 |
| Handysize |        |     | 10-39,999 DWT |             |     |       304 |          |     |  11.2 |      |     | 8.8%  |      |     |                                     156 |      |     | 115 |       |     |  28 |     |  5 |
| Total     |        |     | 10,000 DWT+   |             |     |     1,354 |          |     | 108.4 |      |     | 10.4% |      |     |                                     490 |      |     | 501 |       |     | 278 |     | 85 |

Source: Clarksons Research, February 2025. * in dwt terms. Orderbook schedule as reported and will likely be influenced by slippage. Figure 8. Dry Bulk Fleet Development

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#### TABLE OF CONTENTS
Upsizing & Evolving Designs

Within the dry bulk shipping sector, a steady “upsizing” trend has been seen in recent decades, helping to increase economies of scale in dry bulk trade. The size of the average dry bulk vessel has increased from just under 50,000 dwt in 2000, to just over 60,000 dwt by 2010, and approximately 74,000 dwt by early 2025. This reflects the fact that amongst the firmest growth in global seaborne dry bulk trade since 2000 has been in iron ore and coal trade; dominated by the larger Capesize and Panamax sectors, but also the continued evolution and upsizing of vessel designs within individual dry bulk vessel sectors. In recent years, the majority of newbuilding activity in the