Conversion of index-linked charter hire
for Bulk Shenzhen

Oslo, Norway - October 19, 2022

2020 Bulkers has converted the index-linked charter for Bulk Sandefjord into fixed rate charter at US$14,392 per day, gross, for the period from October 19, 2022, until March 31, 2023.

In addition, the vessel will earn a premium related to the fuel cost savings from the scrubbers of US$4,500 per day, net, for the same period.

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