Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 121

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 121
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ing subsidiaries of Costamare Inc. and Costamare Services (the “CMRE Services Agreement”), under which Costamare Services has been compensated for certain services to our dry bulk fleet prior to the spin-off. Our chief executive officer and our chief financial officer will supervise, in conjunction with our Board, the services provided by our affiliated managers and agencies. Our affiliated managers and agencies will report to our board of directors through our chief executive officer and our chief financial officer, each of whom will be appointed by our board of directors. Costamare Shipping also sources and advises on strategic opportunities for our Board’s consideration. We consider that having several management companies, both affiliated and third party, involved in the management of our owned vessels will provide us with a deep pool of operational management in multiple locations with market-specific experience and relationships, as well as the geographic flexibility needed to manage and crew our expanding fleet so as to provide a high level of service, while remaining cost-effective. For example, Navilands (Shanghai) has the language skills and local knowledge we believe are necessary to establish and grow meaningful relationships with Chinese charterers and suppliers and may also employ Chinese crews. In addition, our managers may, at our request or subject to our consent, subcontract certain services to certain of their affiliates. We believe that our managers are well regarded in the industry and will use state-of-the-art practices and technological advancement to maximize the efficiency of the operation of our fleet of dry bulk vessels. ISM certification is in place for our fleet of dry bulk vessels as well as their respective managers. Costamare Shipping and V.Ships Greece are also certified in accordance with ISO 9001-2008 and ISO 14001-2004 relating to quality management and environmental standards. Costamare Shipping is also certified in accordance with the energy management systems Standard ISO 50001-2011. In connection with the spin-off, Costamare Shipping will agree that during the term of the Framework Agreement, it will not provide, without our prior written approval, any management services to any entity other than us and our subsidiaries, Costamare Inc. and its subsidiaries and to entities controlled by our largest shareholder, Konstantinos Konstantakopoulos or members of his family and their affiliates. Costamare Shipping, as of March 13, 2025, provided services to all of Costamare Inc.’s containerships and five vessels privately owned or controlled by Konstantinos Konstantakopoulos. Costamare Services will agree that during the term of