2020 Bulkers Ltd. (2020) – Commercial update and key information relating to the cash distribution for September 2023
Oslo, Norway, October 10, 2023 Commercial update: In September 2023, the Company achieved average time charter equivalent earnings of approximately US$21,700 per day, gross. The Company’s six vessels trading on index-linked time charter earned approximately US$21,300 per day, gross, including average daily scrubber benefits of approximately US$1,700 per day. The Company’s two vessels trading on fixed time charter earned approximately US$22,700 per day, gross, including scrubber benefits. The Baltic 5TC Capesize Index averaged US$14,110 during September 2023. Cash Distribution: