Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 156

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 156
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 commodities including wheat, coarse grains (such as maize/corn, barley and sorghum), and soybeans. Brazil (142 megatonnes in 2024) and the U.S./Canada (150 megatonnes in 2024) are the largest seaborne grain exporters globally, while Argentina, the EU, Russia and Ukraine are also key players. China has risen to become the largest single importer in recent years (151 megatonnes in 2024) but grain trade is extremely diverse, with countries across Asia, Africa, the Middle East and Latin America also key importers. Long-haul Atlantic (notably U.S., Brazilian and Argentinian) grain exports to Asia have grown sharply over the last decade; the average haul of grain trade is now much longer than that of iron ore or coal trade, and as such grain accounts for nearly 15% of total dry bulk vessel demand in tonne-mile terms, compared to less than 10% in tonnes. Seaborne minor bulk trade totaled approximately 2.25 billion tonnes in full year 2024 (vs. around 3.5 billion tonnes for major bulks), and is comprised of an extremely wide range of commodities, goods, participating partner countries, and specific trade flows. Semi-manufactures including steel products (e.g. coils, slabs, long products, plates etc.) and forest products (e.g. logs, sawn wood, chips, pulp etc.) together accounted for around 700 megatonnes of trade in 2024, while agribulks including sugar, oilseed meals, rice, fertilisers, etc. accounted for a further almost 475 megatonnes. Metals and minerals including bauxite (aluminium ore), nickel ore, copper concentrates, scrap metal, cement, salt, coke/petcoke and many more account for the remaining approximately 1 billion tonnes. Selected key trade flows within the minor bulk sector include Guinean bauxite exports, nickel ore exports from the Philippines, Chinese steel products exports, forest products exports from the U.S., Canada and Russia, and Argentinian/Brazilian exports of agribulks. Historical Dry Bulk Shipping Demand Growth Trends Seaborne dry bulk trade grew from 2.3 billion tonnes in 2000 to over 3.8 billion tonnes in 2010 and over 5.7 billion tonnes in 2024, a CAGR of 3.9%. Notably, this rate accelerated to an average of