2020 Bulkers has entered into a 18-24 month time charter agreement for Bulk Shanghai with Koch, commencing around March 20, 2021.

2020 Bulkers Ltd. (2020) - Time charter agreement for Bulk Shanghai

The vessel will earn an index-linked rate, reflecting a significant premium to the Baltic 5TC index. 

The time charter also includes a profit sharing of any economic benefit derived from operating the vessels scrubbers, as well as certain rights to convert the time charter to fixed rate on the basis of the prevailing FFA curve from time to time.

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

Source: 2020 Bulkers