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2020 Bulkers Ltd. (2020) – Conversion of index-linked charter hire

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Hamilton, Bermuda, February 12, 2020

2020 Bulkers has today converted the index-linked charter hire for Bulk Shenzhen into a fixed rate charter hire at US$21,769 per day, gross, for the remainder of 2020.

The Company expects average operating cash breakeven after G&A, vessel operating costs and debt service of US$14,500 per ship per day for 2020.

For further queries, please contact:

Magnus Halvorsen, Chief Executive Officer, 2020 Bulkers Management AS

Telephone +47 920 20 111

 

About 2020 Bulkers Ltd.:

2020 Bulkers has six vessels in operation and two Newcastlemax dry bulk vessels under construction at New Times Shipyard in China. All vessels will be fitted with exhaust scrubber systems. The remaining newbuildings are expected to be delivered by May 2020.

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