Oslo, Norway, May 7, 2025
Commercial update:
In April 2025, the Company achieved average time charter equivalent rate
("TCE")* of approximately US$27,100 per day, gross. The Company's four vessels
trading on index-linked time charter earned approximately US$24,200 per day,
gross, including average daily scrubber benefits of approximately US$1,900 per
day. The Company's two vessels trading on fixed time charter earned
approximately US$32,200 per day, gross, including average daily scrubber
benefits of approximately US$1,000 per day. The Company had 161 operational
days in April 2025.
Bulk Sao Paulo, trading on index-linked time charter in April, had off-hire
for 19 days in April due to completion of 5 year special survey. The extended
off-hire is due to yard congestion.
The Baltic 5TC Capesize Index averaged US$16,022 during April 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$0.10 per share for April 2025.
Key information:
Dividend amount: US$0.10 per share
Declared currency: US$
Date of approval: May 6, 2025
Last day including right: May 14, 2025
Ex-date: May 15, 2025
Record date: May 16, 2025
Payment date: On or about May 23, 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.