Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 211

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 211
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 |     |     37,071 |     |  2013 |     | October 2021     |     |           15.1 |     |                                14.0 |
| 40 |     | Discovery(2) |     |     37,019 |     |  2012 |     | July 2021        |     |           13.8 |     |                                   — |
| 41 |     | Bernis       |     |     35,995 |     |  2011 |     | July 2021        |     |           11.8 |     |                                11.1 |
| 42 |     | Alliance(2)  |     |     33,751 |     |  2012 |     | July 2021        |     |           10.2 |     |                                   — |
| 43 |     | Resource     |     |     31,775 |     |  2010 |     | September 2021   |     |           10.3 |     |                                 9.6 |
|    |     |              |     |            |     |       |     | TOTAL            |     |          627.6 |     |                               691.0 |

| (1) | For impairment test calculation, Carrying Value includes the unamortized balance of dry-docking cost as at December 31, 2023 and 2024. |

| (2) | Vessel sold in 2024. |

| * | Indicates dry bulk vessels which we believe, as of December 31, 2024, may have had fair values below their carrying values. As of December 31, 2024, we believe that the aggregate carrying value of these six vessels was $8.0 million more than their aggregate market value. |

| ** | Indicates dry bulk vessels which we believe, as of December 31, 2023, may have had fair values below their carrying values. As of December 31, 2023, we believe that the aggregate carrying value of these nine vessels was $12.7 million more than their aggregate market value. |

Vessels are stated at cost, which consists of the contract price and any material expenses incurred upon acquisition (initial repairs, improvements and delivery expenses, interest and on-site supervision costs incurred during the construction periods). Subsequent expenditures for conversions and major improvements are also capitalized when they appreciably