2020 Bulkers Ltd. (2020) – Commercial update and key information relating to the dividend for September 2024

Oslo, Norway, October 8, 2024
 
Commercial update:
 
In September 2024, the Company achieved average time charter equivalent rate (“TCE")* of approximately US$39,500 per day, gross, for the Company’s vessels trading on index-linked time charter including average daily scrubber benefits of approximately US$1,800 per day. The Company had 180 operational days in September 2024.

The Baltic 5TC Capesize Index averaged US$27,410 during September 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$0.20 per share for September 2024.
 
Key information:
 
Dividend amount: US$0.20 per share
 
Declared currency: US$
 
Date of approval: October 7, 2024
 
Last day including right: October 16, 2024
 
Ex-date: October 17, 2024
 
Record date: October 18, 2024
 
Payment date: On or about October 25, 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.