2020 Bulkers Ltd. (2020) - Extended time charters for Bulk Santiago and Bulk Seoul
2020 Bulkers is pleased to announce that the time charters with Koch Supply and Trading for Bulk Santiago and Bulk Seoul have each been extended by 11-13 months at an index linked rate reflecting a significant premium to the Baltic 5TC index. The time charters also include a sharing of the economic benefit from the scrubbers from January 1st, 2020, with the majority of the benefit accruing to 2020 Bulkers. As part of the agreement, the index linked time charters will commence on December 25th, 2020, for Bulk Santiago and January 1st, 2021, for Bulk Seoul, implying 130 days reduction in