2020 Bulkers Ltd. (2020) – Commercial update and key information relating to the cash distribution for November 2023
Oslo, Norway, December 8, 2023 Commercial update: In November 2023, the Company achieved average time charter equivalent earnings of approximately US$35,400 per day, gross, for the Company’s vessels trading on index-linked time charter, including average daily scrubber benefits of approximately US$1,700 per day. The Baltic 5TC Capesize Index averaged US$24,003 during November 2023. Cash Distribution: The Board has approved a cash distribution of US$0.18 per share for November 2023. The distribution will be made from the Company’s Contributed Surplus account which consists of