2020 Bulkers Ltd. (2020) – Commercial update and key information relating to the dividend for May 2024
Oslo, Norway, June 11, 2024 Commercial update: In May 2024, the Company achieved average time charter equivalent rate (“TCE")* of approximately US$34,800 per day, gross, for the Company’s vessels trading on index-linked time charter including average daily scrubber benefits of approximately US$2,400 per day. The Company had 186 operational days in May 2024. The Baltic 5TC Capesize Index averaged US$23,145 during May 2024. *Average time charter equivalent rate, gross, (“TCE") when used by the Company, means time charter revenues and voyage charter revenues excluding address