Company: CMDB
Filing Date: 2025-04-17
Form Type: 20FR12B/A
Source: 0001140361-25-014307
Chunk: 169

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-17
Form: 20FR12B/A
Chunk 169
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 remains responsible for underlying operating costs such as crew, maintenance, administration, insurance etc.

In a COA, a shipowner or operator will typically agree to move a defined amount of cargo over a set period of time (often a number of years) on prescribed trade route(s) at an agreed freight rate; the shipowner often then has a degree of flexibility to nominate vessels to move the cargo in question, and remains responsible for paying voyage costs such as fuel, canal and port charges, carbon costs, etc., as well as underlying operating costs such as crew, maintenance, administration, insurance, etc.

Top Owners

The majority (approximately 615 million dwt or 60%) of the global dry bulk fleet aggregate carrying capacity is owned by independent private shipping companies, while the next largest share is that of publicly listed companies (approximately 168 million dwt or 16%), followed by state interests (approximately 116 million dwt or 11%), cargo interests & traders (approximately 74 million dwt or 7%) and financial companies (approximately 42 million dwt or 4%).

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In terms of owner nationality, Chinese owners account for the largest share of the global fleet, with approximately 270 million dwt, or 26%, of aggregate carrying capacity, followed by Greek owners (approximately 227 million dwt or 22%), Japanese owners (approximately 161 million dwt or 16%), and Korean owners (approximately 43 million dwt or 4%). Other major owner nationalities/regions include Singapore, Taiwan, Hong Kong and Norway.

Ownership in the international dry bulk shipping sector is generally very fragmented, with the approximately 14,155 vessels in the fleet controlled by almost 2,800 different owner groups – the average dry bulk vessel owner group owns approximately five vessels. Nonetheless, a number of major owners do control a significant portion of global fleet capacity in the sector; the top 10 owner groups all control fleets of over 10 million dwt.

The largest dry bulk vessel owner group is China COSCO Shipping, with a fleet of 318 vessels of an aggregate carrying capacity of approximately 35.9 million dwt, while the rest of the top five in terms of total dwt capacity is comprised of Japan’s NYK (198 ships with an aggregate carrying capacity of approximately 22.2 million dwt), Norway’s Frederiksen Group (107 vessels of approximately 15.1 million dwt), Greece’s Star Bulk Carriers