Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 194

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 194
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 recorded in the predecessor combined statements of operations. As of December 31, 2024, the fair value of these instruments, in aggregate, amounted to a net liability of $19.3 million. During the year ended December 31, 2024, a net loss of $0.9 million has been included in OCI and a net loss of $43.0 million has been included in Gain / (Loss) on Derivative Instruments, net. Key Operating Measures: Available Days (Owned Dry Bulk Fleet) and Owned Dry Bulk Fleet Utilization 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 period lessthe aggregate number of dry dock days and dry dock ballast days during such period. We use the following definitions in our calculation of available days (owned dry bulk fleet):

| • | Dry dock days.We define dry dock days as the days during a period that a vessel underwent scheduled repairs or repairs under guarantee, vessel upgrades, scheduled dry-docking or special surveys. |

| • | Dry dock ballast days. We define dry dock ballast days as the total days during a period that a vessel spends sailing to and from a shipyard for scheduled repairs or repairs under guarantee, vessel upgrades, scheduled dry-docking or special surveys. |

The available days (owned dry bulk fleet) for each of the quarters from July 1, 2023 to December 31, 2024 is shown in the below table.

|                                       |     | For the three-month period ended* 
                     September 30, 
                              2023 |     | December 31, 
         2023 |     | March 31, 
      2024 |     | June 30, 
     2024 |     | September 30, 
          2024 |     | December 31, 
         2024 |
|:--------------------------------------|:----|----------------------------------:|:----|-------------:|:----|----------:|:----|---------:|:----|--------------:|:----|-------------:|
| Available Days (Owned Dry Bulk Fleet) |     |                             3,904 |     |        4,030 |     |     3,534 |     |    3,316 |     |         3,357 |     |        3,343 |

Owned Dry Bulk Fleet Utilization We calculate utilization of our owned dry bulk fleet (including vessels chartered-in