2020 Bulkers Ltd. (2020) – Commercial update and key information relating to the dividend for April 2024
Oslo, Norway, May 8, 2024 Commercial update: In April 2024, the Company achieved average time charter equivalent rate (“TCE")* of approximately US$31,300 per day, gross, for the Company’s vessels trading on index-linked time charter including average daily scrubber benefits of approximately US$3,600 per day. The Company had 180 operational days in April 2024. The Baltic 5TC Capesize Index averaged US$20,036 during April 2024. *Average time charter equivalent rate, gross, (“TCE") when used by the Company, means time charter revenues and voyage charter revenues excluding address