2020 Bulkers Ltd. (2020) - New time charter for Bulk Sydney

Oslo, Norway - January 24, 2023

2020 Bulkers is pleased to announce it has entered into a new the time charter for Bulk Sydney with Koch Shipping.

Under the new time charter agreement, which will commence on February 19, 2023, the vessel will earn US$19,000 per day for the first 100 days, thereafter, the charter will convert to a 9-15 month index-linked charter, reflecting a significant premium to a standard Capesize vessel, as well as an additional premium related to the fuel cost saving from the scrubbers.

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