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2020-07-20

2020 Bulkers Limited: 2020 Bulkers Ltd. (2020) - Commercial update June 2020

Hamilton, Bermuda, July 20, 2020

Commercial update:

In June 2020, the Company achieved average time charter equivalent earnings of approximately US$22,000 per day, gross. The Company's two vessels trading on index-linked time charter earned approximately US$33,900 per day, gross, including average daily scrubber benefits of approximately US$1,600 per day. The Company's six vessels trading on fixed time charter earned approximately US$19,500 per day, gross, including average daily scrubber benefits of approximately US$1,100 per day for two of the vessels.

The Baltic 5TC Capesize Index averaged US$16,996 during June 2020.

For further queries, please contact:

Magnus Halvorsen, Chief Executive Officer, 2020 Bulkers Management AS

Telephone +47 920 20 111

About 2020 Bulkers Ltd.:

2020 Bulkers has eight Newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems. 

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