Hamilton, Bermuda, December 8, 2021
Commercial update:
In November 2021, the Company achieved average time charter equivalent earnings of approximately US$48,700 per day, gross. The Company’s two vessels trading on index-linked time charter earned approximately US$46,800 per day, gross, including average daily scrubber benefits of approximately US$2,500 per day. The Company’s six vessels trading on fixed time charter earned approximately US$49,400 per day, gross, including average daily scrubber benefits of approximately US$2,700 per day.
The Baltic 5TC Capesize Index averaged US$30,716 during November 2021.
Cash Distribution:
The Board has approved a cash distribution of US$0.35 per share for November 2021. The distribution will be made from the Company’s Contributed Surplus account which consists of previously paid in share premium transferred from the Company’s Share Premium account.
Key information:
Distribution amount: US$0.35 per share
Declared currency: US$
Date of approval: December 7, 2021
Last day including right: December 15, 2021
Ex-date: December 16, 2021
Record date: December 17, 2021
Payment date: On or about December 29, 2021
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.