Costamare Bulkers Strikes Strategic Deal With Cargill To Boost Shipping And Decarbonization Efforts

Costamare Bulkers Holdings Limited ("Costamare Bulkers" or the "Company") (NYSE: CMDB) announced today that it has signed a Strategic Cooperation Agreement (the "Agreement") with Cargill International S.A. ("Cargill").

Under the Agreement, the Company has agreed to:

• Transfer to Cargill the majority of its trading book comprising of chartered-in vessels, cargo transportation commitments as well as derivative positions;
• Charter to Cargill four Supramax vessels for a period of four to six months;
• Enter into a bunkering services agreement with Seascale Energy (a joint venture between Cargill and Hafnia), covering the owned and operating fleet;
• Enter into an agreement in respect of decarbonisation and vessel efficiency strategies and implementing decarbonisation projects;
• Explore opportunities to jointly invest in dry bulk assets and other dry-bulk business ventures, as well as other potential business opportunities in the dry bulk sector.