2020 Bulkers Ltd. (2020) – Commercial update and key information relating to the dividend for March 2024
Oslo, Norway, April 9, 2024
Commercial update:
In March 2024, the Company achieved average time charter equivalent rate (“TCE")* of approximately US$35,000 per day, gross. The Company had 198 operational days in March 2024. The Company’s five vessels trading on index-linked time charter earned approximately US$45,000 per day, gross, including average daily scrubber benefits of approximately US$3,600 per day. The Company’s three vessels trading on fixed time charter earned approximately US$23,800 per day, gross, including average daily scrubber benefits of approximately US$4,400 per