Company: CMDB
Filing Date: 2025-04-17
Form Type: 20FR12B/A
Source: 0001140361-25-014307
Chunk: 174

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-17
Form: 20FR12B/A
Chunk 174
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 vessels that constituted our fleet for the relevant period, as measured by the sum of the ownership days each vessel was part of our fleet during the period divided by the number of calendar days in that period. As of March 13, 2025, our owned fleet consisted of 38 dry bulk vessels (including one vessel that we have agreed to sell). As of March 13, 2025, the dry bulk operating platform has chartered-in for a period, 53 vessels with a total carrying capacity of approximately 8,564,000 dwt (including five vessels chartered-in from our owned fleet), all of which have been delivered (except for one vessel) and are or will be employed under voyage charters or sub time charters. Furthermore, CBI has contracted to charter-in two Kamsarmax vessels, which are currently under construction, once they are delivered to their third-party owners. From time to time, CBI may enter into similar vessel charter-in agreements with purchase options. |

| • | Ownership days.We define ownership days as the aggregate number of days in a period during which each vessel in our owned fleet has been owned by us. Ownership days are an indicator of the size of our owned fleet over a period and affect both the amount of revenues and the amount of expenses that we record during a period. |

| • | Available days (owned dry bulk fleet). We define available days as the number of our ownership days of our owned dry bulk fleet during a periodlessthe aggregate number of dry dock days and dry dock ballast days during such period. The shipping industry uses available days to measure the number of |

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days in a period during which vessels should be capable of generating revenues. For more information regarding how we calculate available days (owned dry bulk fleet), including how we define dry dock days and dry dock ballast days, please see “Item 5. Operating and Financial Review and Prospects—A. Operating Results—Key Operating Measures: Available Days (Owned Dry Bulk Fleet) and Owned Dry Bulk Fleet Utilization”.

| • | Owned Dry Bulk Fleet Utilization. We calculate our owned dry bulk fleet utilization by dividing (i) the aggregate number of our on-hire days and ballast days (excluding dry dock ballast days) in a period of our owned dry bulk fleet by (ii) the number of our available days (owned dry bulk fleet) during such period. The shipping industry uses fleet utilization to measure a company’s efficiency in finding suitable employment