2020 Bulkers Ltd. (2020) – Commercial update and key information relating to the cash distribution for April 2023
Oslo, Norway, May 10, 2023 Commercial update: In April 2023, the Company achieved average time charter equivalent earnings of approximately US$24,400 per day, gross. The Company’s five vessels trading on index-linked time charter earned approximately US$26,100 per day, gross, including average daily scrubber benefits of approximately US$4,100 per day. The Company’s three vessels trading on fixed time charter earned approximately US$21,600 per day, gross, including scrubber benefits. The Baltic 5TC Capesize Index averaged US$15,931 during April 2023. Cash Distribution: The