2020 Bulkers has entered into a hedging transaction through a forward freight agreement (FFA) effectively securing a fixed rate of approximately US$32,400 per day, gross, for one vessel for the second quarter of 2025.

In addition, the Company will continue to earn scrubber benefits during the fixed rate period.

About 2020 Bulkers Ltd.

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

2020 Bulkers Limited press release