2020 Bulkers Ltd. (2020) - Bulk Shenzhen incident - update
Hamilton, Bermuda - 17 August 2021,
As previously announced, on August 2, Bulk Shenzhen was involved in a collision with the bulk carrier RB Lisa whilst navigating in laden condition under pilot inbound Yangtze River.
On 11 August 2021, Bulk Shenzhen arrived at IMC Zhoushan shipyard to repair steel damage sustained in the bow area above the water line. Following a thorough inspection at the shipyard the repairs are now expected to take approximately 45 days.
Based on the updated timeline and the prevailing FFA market, the Company estimates total cost of the incident, including off-hire, of approximately US$1.6 million.
2020 Bulkers Ltd. (2020) - Bulk Shenzhen incident
Hamilton, Bermuda - 2 August 2021
The Company advises that its vessel, Bulk Shenzhen, was involved in a collision with the bulk carrier RB Lisa whilst navigating under pilot on the Yangtze River today early morning local time.
Bulk Shenzhen is part loaded with 103 655 mt iron ore cargo for Jinangyin, China.
No loss of life, personal injuries, pollution or other environmental damages has been reported.
Bulk Shenzhen is now anchored at a safe anchor position at Yangtze for investigation and incident formalities.
The Bulk Shenzhen has reportedly sustained some steel damage in the bow area above the water line but the vessel is able to proceed to its discharge port under its own engine power.
The Company has adequate hull and machinery insurance, as well as off hire insurance which becomes active, in the event off-hire exceeds 14 days.
About 2020 Bulkers Ltd.:
2020 Bulkers has eight Newcastlemax dry bulk vessels in operation.
All vessels are fitted with exhaust scrubber systems.
2020 Bulkers Limited press release
M/V Bulk Shenzhen. Image by 2020 Bulkers Limited.