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