Company: CMDB
Filing Date: 2025-04-17
Form Type: 20FR12B/A
Source: 0001140361-25-014307
Chunk: 170

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-17
Form: 20FR12B/A
Chunk 170
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 (151 ships of approximately 14.6 million dwt), and Singapore’s Berge Bulk (69 vessels of approximately 13.1 million dwt).

The largest publicly listed (or partially publicly listed) dry bulk vessel owners by total fleet capacity are NYK, Star Bulk, Golden Ocean Group, MOL, K-Line, Pan Ocean, China Merchants, Wisdom Marine Group and Navios Holdings. Major exchanges for publicly listed dry bulk vessel owners include the NYSE, NASDAQ, Tokyo, Oslo and Korea. A number of banks and financial leasing companies with major dry bulk portfolios are also at least partially publicly listed, including CDB Leasing, ICBC, BoCom and Minsheng Bank.

Top Charterers

Other major players in the dry bulk shipping sector include cargo interests and charterers. Key players include mining companies such as Rio Tinto, Vale, FMG, BHP, CSN and Anglo American; commodity traders and cargo interests such as Glencore, ADM, Cargill, Louis Dreyfus, Bunge, Trafigura and KEPCO; as well as dry bulk vessel owners/operators who may require additional tonnage, such as Oldendorff, Norden, Panocean and Klaveness.

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TABLE OF CONTENTS

| ITEM 5. | OPERATING AND FINANCIAL REVIEW AND PROSPECTS |

The following discussion of our financial condition and results of operations should be read in conjunction with the predecessor combined carve-out financial statements and the notes to those statements included elsewhere in this registration statement. This discussion includes forward-looking statements that involve risks and uncertainties. As a result of many factors, such as those set forth under “Item 3. Key Information—3.D. Risk Factors” and elsewhere in this registration statement, our actual results may differ materially from those anticipated in these forward-looking statements. Please see the section “Forward-Looking Statements” at the beginning of this registration statement. Overview We are an international owner and operator of dry bulk vessels providing worldwide transportation of dry bulk commodities for a broad range of customers. As of March 13, 2025, our owned fleet consisted of 38 vessels, with a total carrying capacity of approximately 3,017,000 dwt, including one vessel that we have agreed to sell, with a carrying capacity of approximately 76,600 dwt. As of March 13, 2025, the dry bulk operating platform has chartered-in for a period,