2020 Bulkers Ltd. (2020) – Commercial update May 2020
Hamilton, Bermuda, June 15, 2020 Commercial update: In May 2020, the Company achieved average time charter equivalent earnings of approximately US$16,700 per day, gross. The Company’s two vessels trading on index-linked time charter earned approximately US$7,000 per day, gross, including average daily scrubber benefits of approximately US$1,300 per day. The Company’s four vessels trading on fixed time charter earned approximately US$21,600 per day, gross. The Baltic 5TC Capesize Index averaged US$4,042 during May 2020. For further queries, please contact: Magnus Halvorsen,