2020 Bulkers Ltd. (2020) - Delivery of Bulk Shanghai and commencement of Charter
Hamilton, Bermuda, November 6, 2019 2020 Bulkers is pleased to announce that it today took delivery of the fourth of the eight 208,000 dwt Newcastlemax newbuildings. Two further vessels are expected to be delivered by January 2020, and the remaining two vessels are expected to be delivered by May 2020. The vessel will on November 9, 2019, commence a 11-13 month index-linked timecharter 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.