Company: CMDB
Filing Date: 2025-04-23
Form Type: 20FR12B/A
Source: 0001140361-25-015197
Chunk: 15

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-23
Form: 20FR12B/A
Chunk 15
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 operator, without compromising our high standards of performance, reliability and safety. We believe that our technical and operating expertise allows us to efficiently manage and transport a wide range of cargoes with a flexible trade route profile, which helps reduce ballast time between voyages and minimize off-hire days. Our professional, well-trained masters, officers and on-board crews further help us to control costs and ensure consistent vessel operating performance. We actively manage our fleet and strive to maximize utilization and optimize maintenance expenditures for operational and commercial utilization. |

| • | Balanced Distribution of Volume Across Geography and Cargo. Our customers are among the world’s largest companies that require an array of cargo solutions and utilize our dry bulk vessels to transport a broad range of major bulks such as iron ore, coal and grains as well as minor bulks such as bauxite, phosphate fertilizer and steel products. We intentionally time charter our owned fleet to a geographically diverse and reputable group of companies, creating an advantageous trade network while also ensuring high vessel utilization. We believe that our CBI platform enables us to quickly adapt our network and supplement our owned fleet business to further diversify exposure across cargos and geographic trade, regardless of our owned vessel cargo commitments, delivering additional value to our customers. Through CBI, we have fostered relationships with preeminent energy, agriculture, mining and diversified industrial clients, among others, contributing to the commercial strength of our platform. |

| • | Unique Operating Platform Solidifies Customer Value Proposition and Competitive Positioning. In 2022, we formed a dry bulk operating platform to charter- in/out dry bulk vessels, enter into contracts of affreightment, forward freight agreements and utilize hedging solutions. We believe this platform provides commercial benefits such as increased flexibility. Because our dry bulk operating platform is complementary to our owned dry bulk fleet, we believe that we will be able to realize significant synergies and drive operating efficiencies, creating value for our customers and strengthening our positioning within the competitive landscape. |

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TABLE OF CONTENTS

Our Strategy Our business strategy is focused on striving to provide consistent shareholder returns by carefully timing and structuring and executing acquisitions of dry bulk vessels and by reliably, safely and competitively operating our vessels. Key elements of the above strategy are:

| • | Operate a Diverse and Well-Maintained Fleet of Dry Bulk Vessels. We believe that our ability to maintain and increase our customer base will depend largely on the quality of our fleet. We believe that owning a diverse and well-maintained fleet reduces operating