2020 Bulkers Ltd. (2020) - Conversion of index-linked charter hire for Bulk Sandefjord and Bulk Shanghai
Hamilton, Bermuda, August 25, 2021 2020 Bulkers has today converted the index-linked charters for Bulk Sandefjord and Bulk Shanghai into fixed rate charters at US$54,000 per ship per day, gross, for the period from September 1, 2021 until December 31, 2021. In addition, both vessels will still earn a premium related to the fuel cost savings from the scrubbers. The Company expects average operating cash breakeven after G&A, vessel operating costs and debt service of approximately US$14,500 per ship per day for 2021. For further queries, please contact: Magnus Halvorsen, Chief