Company: CMDB
Filing Date: 2025-04-17
Form Type: 20FR12B/A
Source: 0001140361-25-014307
Chunk: 11

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-17
Form: 20FR12B/A
Chunk 11
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 vessels not yet delivered to CBI. |

| (ii) | Although charter hire rate is index-linked, owners have exercised their option and have converted the rate to fixed for a certain period. |

| (iii) | Denotes vessels that are chartered-in from our owned fleet. |

Our Global Footprint and Chartering Policy We operate out of six offices, which include our offices and the offices of our affiliated managers and agencies (as defined below), around the world. As of December 31, 2024, our affiliated managers and agencies employed approximately 260 shore staff, with approximately 800 crew supporting the needs of more than 50 industrial customers. Our vessels transport a broad range of major bulks, such as iron ore, coal and grains and minor bulks, such as bauxite, phosphate fertilizers and steel products, across global shipping routes. Within the Company, CBI operates out of two offices in Monaco and Athens, and as of December 31, 2024, employed approximately 40 shore staff, supported by a global footprint of approximately 50 professionals across the Agency Companies in Copenhagen, Hamburg, Singapore and Japan, ensuring continuous coverage across all trade routes. Our global support network allows access to cutting-edge chartering, cargo sourcing, and research data which drives our focus on analytics and is an integral part of our operational focus and strategy. For our owned fleet, our chartering policy is to employ our vessels primarily on short-term time charters. We believe this policy allows us to obtain attractive charter hire rates for our vessels, while also affording us flexibility to take advantage of a rising charter rate environment without limiting potential upside should the strong market conditions prevail. We will monitor developments in the dry bulk shipping market and, based on market conditions, we may employ our owned vessels with a mix of short-, medium- and long-term time charters and voyage charters. Our CBI business enhances and expands our offering to customers by providing services even if our owned vessels are unavailable, by matching our customers’ cargoes with third-party chartered-in vessels. We charter-in vessels using a mix of rate structures and short-, medium- and long-term charter tenors, which we believe contributes to an agile and balanced portfolio. Subsequently, we employ our chartered-in vessels through a combination of spot/ forward voyage charters, contracts of affreightment and time charter relets to optimize our trade network. By utilizing a mix of active chartering strategies supported by advanced data and analytics, we believe we are able