2020 Bulkers

Oslo, Norway, June 11, 2025
 
Commercial update:
 
In May 2025, the Company achieved average time charter equivalent rate (“TCE")* of approximately US$23,800 per day, gross, for the Company’s vessels trading on index-linked time charter including average daily scrubber benefits of approximately US$1,100 per day. The Company had 185 operational days in May 2025.

Bulk Santos, trading on index-linked time charter in May, had off-hire for 1 day in May due to ongoing 5 year special survey. 

The Baltic 5TC Capesize Index averaged US$15,675 during May 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$0.11 per share for May 2025.
 
Key information:
 
Dividend amount: US$0.11 per share
 
Declared currency: US$
 
Date of approval: June 10, 2025
 
Last day including right: June 16, 2025
 
Ex-date: June 17, 2025
 
Record date: June 18, 2025
 
Payment date: On or about June 25, 2025
 
For further queries, please contact:
Lars-Christian Svensen, Chief Executive Officer, 2020 Bulkers Management AS.
Telephone +47 476 38 756
 
About 2020 Bulkers Ltd.
2020 Bulkers has six Newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems.