2020 Bulkers Ltd. (2020) - Results for the second quarter and the first half of 2020
Hamilton, Bermuda, August 13, 2020 2020 Bulkers Ltd (2020) (“2020 Bulkers” or the “Company”), today announced its unaudited financial and operating results for the three and six months ended June 30, 2020. Key events during the second quarter of 2020 · The Company reported net profit of US$2.4 million and EBITDA of US$6.9 million for the second quarter of 2020. · Achieved average time charter equivalent earnings of approximately US$19,100, per day, gross. · Entered into interest swap arrangements for a notional amount of approximately US$177 million, effectively