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2020 Bulkers Ltd. (2020) - Time charter for Bulk Shenzhen

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Hamilton, Bermuda, October 23rd 2019,

2020 Bulkers has entered into a time charter agreement for Bulk Shenzhen with a 100% owned subsidiary of Glencore.

The vessel will commence a 11-13 month time charter upon delivery from New Times Shipyard in early January 2020, and will earn an index linked rate, reflecting a significant premium to the Baltic 5TC index. The time charter also includes a profit sharing of any economic benefit derived from operating the vessel's scrubber.

For further queries, please contact:

Magnus Halvorsen, Chief Executive Officer,

Telephone +47 920 20 111

 

About 2020 Bulkers Ltd.:

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

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