2020 Bulkers Ltd. (2020) – Extended time charter for Bulk Shanghai
Hamilton, Bermuda, 18 September 2020, 2020 Bulkers has extended the time charter for Bulk Shanghai with ST Shipping, a fully owned subsidiary of Glencore for a period of 6-8 months from 4 October 2020. The vessel will from 4 October 2020 earn a fixed rate of USD 18,000 per day, gross, as well as share of the fuel savings generated from the scrubber. Magnus Halvorsen, CEO of 2020 Bulkers Management AS says: “We are pleased to further develop our good relationship with Glencore. The extended time charter for Bulk Shanghai secures cash flow through the first quarter of 2021 at a level