2020 Bulkers Ltd. (2020) – Commercial update and key information relating to the cash distribution for August 2023
Oslo, Norway, September 7, 2023 Commercial update: In August 2023, the Company achieved average time charter equivalent earnings of approximately US$20,300 per day, gross. The Company’s six vessels trading on index-linked time charter earned approximately US$19,400 per day, gross, including average daily scrubber benefits of approximately US$1,900 per day. The Company’s two vessels trading on fixed time charter earned approximately US$23,000 per day, gross, including scrubber benefits. The Baltic 5TC Capesize Index averaged US$12,942 during August 2023. Cash Distribution: The