2020 Bulkers

Oslo, Norway, February 12, 2025
 
Commercial update:
 
In January 2025, the Company achieved average time charter equivalent rate (“TCE")* of approximately US$16,700 per day, gross, for the Company’s vessels trading on index-linked time charter including average daily scrubber benefits of approximately US$2,700 per day. The Company had 186 operational days in January 2025.

The Baltic 5TC Capesize Index averaged US$10,150 during January 2025.

*Average time charter equivalent rate, gross, (“TCE") when used by the Company, means time charter revenues and voyage charter revenues excluding address commission, less voyage charter expenses and adjusted from “load to discharge” basis to “discharge to discharge” basis and divided by operational days.
 
Dividend: 
 
The Board has approved a dividend of US$0.03 per share for January 2025.  
 
Key information:
 
Dividend amount: US$0.03 per share
 
Declared currency: US$
 
Date of approval: February 11, 2025
 
Last day including right: February 17, 2025
 
Ex-date: February 18, 2025
 
Record date: February 19, 2025
 
Payment date: On or about February 26, 2025
 
For further queries, please contact:
Magnus Halvorsen, Chairperson, 2020 Bulkers Ltd.
Telephone +47 920 20 111
 
About 2020 Bulkers Ltd.
2020 Bulkers has six Newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems.