2020 Bulkers

Oslo, Norway, November 13, 2024
 
Commercial update:
 
In October 2024, the Company achieved average time charter equivalent rate (“TCE")* of approximately US$31,400 per day, gross, for the Company’s vessels trading on index-linked time charter including average daily scrubber benefits of approximately US$2,300 per day. The Company had 186 operational days in October 2024.

The Baltic 5TC Capesize Index averaged US$20,903 during October 2024.

*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$0.15 per share for October 2024.
 
Key information:
 
Dividend amount: US$0.15 per share
 
Declared currency: US$
 
Date of approval: November 12, 2024
 
Last day including right: November 18, 2024
 
Ex-date: November 19, 2024
 
Record date: November 20, 2024
 
Payment date: On or about November 27, 2024
 
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.