2020 Bulkers announced on Tuesday (Jan24) it has entered into a new the time charter for Bulk Sydney with Koch Shipping.
Under the new time charter agreement, which will commence on February 19, 2023, the vessel will earn US$19,000 per day for the first 100 days, thereafter, the charter will convert to a 9-15 month index-linked charter, reflecting a significant premium to a standard Capesize vessel, as well as an additional premium related to the fuel cost saving from the scrubbers.