2020 Bulkers Ltd. (2020) – Time charter amendments and extensions

Oslo, Norway, November 15, 2023,

2020 Bulkers is pleased to announce it has amended and extended the index-linked time charters for Bulk Sandefjord, Bulk Santiago, Bulk Shenzhen and Bulk Sydney with Koch Shipping until the end of 2026 with options for further 12 months. The charters reflect a significant premium to a standard Capesize vessel, as well as an additional premium related to the fuel cost saving from the scrubbers.

“We are very pleased with the long-term contract extensions for four of our vessels, which is a testament to our strong relationship with Koch Shipping, as well as the vessels high quality and performance” says Magnus Halvorsen, Chairman of 2020 Bulkers.

For further queries, please contact:

Magnus Halvorsen, Chairman, 2020 Bulkers Ltd.

Telephone +47 920 20 111

About 2020 Bulkers Ltd.

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