2020 Bulkers Ltd. (2020) - Hedging transaction for one vessel for Q2 2025

Oslo, Norway, March 17, 2025,

With reference to the announcement from the Company on March 14,2025, 2020 Bulkers has entered into an additional hedging transaction through a forward freight agreement (FFA) effectively securing a fixed rate of approximately US$30,100 per day, gross, for one vessel for the second quarter of 2025.

The Company has now entered into hedges for two vessels for the equivalent of approximately US$31,300 per day, gross, for the second quarter of 2025. Both vessels will additionally earn scrubber benefits.



2020 Bulkers Ltd. (2020) - Hedging transaction for one vessel for Q2 2025

Oslo, Norway, March 14, 2025

2020 Bulkers has entered into a hedging transaction through a forward freight agreement (FFA) effectively securing a fixed rate of approximately US$32,400 per day, gross, for one vessel for the second quarter of 2025.

In addition, the Company will continue to earn scrubber benefits during the fixed rate period.

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

2020 Bulkers Limited press release