2020 Bulkers Limited (2020) - Delivery of Bulk Shenzhen and commencement of Charter
Hamilton, Bermuda, January 6, 2020 2020 Bulkers is pleased to announce that it today took delivery of the fifth of the eight 208,000 dwt Newcastlemax newbuildings. One further vessel is expected to be delivered in January 2020, and the remaining two vessels are expected to be delivered by May 2020. The vessel will on January 9, 2020, commence a 11-13 month index-linked time charter with ST Shipping, a 100% owned subsidiary of Glencore. The index-linked rate reflects a significant premium to a standard Capesize as a function of higher cargo intake and lower fuel consumption. The vessel