2020 Bulkers Ltd. (2020) Conversion of index-linked charter hire for Bulk Sao Paulo and Bulk Santos
Hamilton, Bermuda, March 3, 2021 2020 Bulkers has today converted the index-linked charter hire for Bulk Sao Paulo and Bulk Santos into a fixed rate charter hire at US$27,200 per day, gross, from 4 March 2021 until 31 December 2021. In addition, both vessels will earn a premium related to the fuel cost savings from the scrubbers. Following the charter conversion for the two vessels, the Company estimates that the remaining six vessels for Q2-Q4 2021 will need to earn approximately US$10,000 per day per vessel for the Company to cover its operating cash breakeven, defined as G&A,