2020 Bulkers Ltd. (2020) – Commercial update February, 2020
Hamilton, Bermuda, March 10, 2020 Commercial update: In February 2020, the Company achieved average time charter equivalent earnings of approximately USD 14,300 per day, gross, including profit sharing for the scrubbers. The Company’s vessels trading on index-linked time charter earned approximately USD 4,100 per day, gross, as well as average daily scrubber benefits of approximately USD 3,100 per day. The Company’s vessels trading on fixed time charter earned approximately USD 21,300 per day, gross. The Baltic 5TC Capesize Index averaged USD 2,721 during February 2020. Based on