2020 Bulkers Ltd. (2020) – Conversion of index-linked time charter for Bulk Santiago

Oslo, Norway, November 30, 2023,

2020 Bulkers has converted the index-linked time charter for Bulk Santiago to fixed rate time charter from December 1, 2023, until February 29, 2024, at a rate of US$25,024 gross, plus scrubber benefit. Following the conversion for Bulk Santiago, 2020 Bulkers has:

4 vessels fixed for December 2023, at average US$21,887 per day, gross.

5 vessels fixed for January 2024, at average US$20,869 per day, gross.

5 vessels fixed for February 2024, at average US$20,869 per day, gross.

3 vessels fixed for March 2024, at average US$19,177 per day, gross.

In addition, all the above vessels will continue to earn a scrubber benefit during the fixed rate time charter periods.

For further queries, please contact:

Magnus Halvorsen, Chairman, 2020 Bulkers Ltd.

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.