2020 Bulkers Ltd. (2020) – Commercial update and key information relating to the dividend for January, 2020
Hamilton, Bermuda, February 11, 2020 Commercial update: In January 2020, the Company achieved average time charter equivalent earnings of approximately USD 16,700 per day, gross, including profit sharing for the scrubbers. The Company’s vessels trading on index-linked time charter earned approximately USD 9,600 per day, gross, as well as average daily scrubber benefits of USD approximately 4,300 per day. The Company’s vessels trading on fixed time charter earned approximately USD 20,900 per day, gross. The Baltic 5TC Capesize Index averaged USD 7,563 during January 2020.