2020 Bulkers Ltd. (2020) - Delivery of Bulk Santos and commencement of Charter
Hamilton, Bermuda, June 16, 2020 2020 Bulkers is pleased to announce that it today took delivery of the last of the eight 208,000 dwt Newcastlemax newbuildings. Bulk Santos will on June 18, 2020, commence a 35-37 month index-linked time charter with ST Shipping, a 100% owned subsidiary of Glencore. The index-linked charter rate reflects a significant premium to a standard Capesize as a function of higher cargo intake and lower fuel consumption. The vessel will also earn an additional premium related to the fuel cost saving from the scrubber. As the Company’s capex program is now