2020 Bulkers Ltd. (2020) – Commercial update and key information relating to the cash distribution for October 2023
Oslo, Norway, November 8, 2023 Commercial update: In October 2023, the Company achieved average time charter equivalent earnings of approximately US$36,300 per day, gross, for its vessels trading on index-linked time charter, including average daily scrubber benefits of approximately US$1,500 per day. The Baltic 5TC Capesize Index averaged US$25,557 during October 2023. Cash Distribution: The Board has approved a cash distribution of US$0.2 per share for October 2023. The distribution will be made from the Company’s Contributed Surplus account which consists of previously