2020 Bulkers is pleased to announce it has amended and extended the index-linked time charters for Bulk Sandefjord, Bulk Santiago, Bulk Shenzhen and Bulk Sydney with Koch Shipping until the end of 2026 with options for further 12 months.

The charters reflect a significant premium to a standard Capesize vessel, as well as an additional premium related to the fuel cost saving from the scrubbers.

“We are very pleased with the long-term contract extensions for four of our vessels, which is a testament to our strong relationship with Koch Shipping, as well as the vessels high quality and performance” says Magnus Halvorsen, Chairman of 2020 Bulkers.

About 2020 Bulkers Ltd.

2020 Bulkers has eight Newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems.