Hamilton, Bermuda, August 13, 2020
Commercial update:
In July 2020, the Company achieved average time charter equivalent earnings of approximately US$23,200 per day, gross. The Company’s two vessels trading on index-linked time charter earned approximately US$35,200 per day, gross, including average daily scrubber benefits of approximately US$1,400 per day. The Company’s six vessels trading on fixed time charter earned approximately US$19,300 per day, gross, including average daily scrubber benefits of approximately US$1,400 per day for two of the vessels.
The Baltic 5TC Capesize Index averaged US$24,547 during July 2020.
Dividend:
The Board has approved the payment of a dividend of US$0.01 per share for July 2020.
Key information:
Dividend amount: US$0.01 per share
Declared currency: US$
Date of approval: August 12, 2020
Last day including right: August 14, 2020
Ex-date: August 17, 2020
Record date: August 18, 2020
Payment date: On or about September 5, 2020
For further queries, please contact:
Magnus Halvorsen, Chief Executive Officer, 2020 Bulkers Management AS
Telephone +47 920 20 111
About 2020 Bulkers Ltd.:
2020 Bulkers has eight Newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems.
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2020 Bulkers is fully committed to its shareholders’. We intend to provide comprehensive and fully updated information to our investors and analysts.