2020 Bulkers announced earlier today that the Company took delivery of the fourth of the eight 208,000 dwt Newcastlemax newbuildings.
Two further vessels are expected to be delivered by January 2020, and the remaining two vessels are expected to be delivered by May 2020.
The vessel will on November 9, 2019, commence an 11-13 month index-linked time-charter with ST Shipping, a 100% owned subsidiary of Glencore.
The index-linked rate reflects a significant premium to a standard Capesize as a function of higher cargo intake and lower fuel consumption.
Starting January 1, 2020, the vessel will also earn an additional premium related to the fuel cost saving from the scrubber.