2020 Bulkers Thursday (Jul11) entered into the following chartering agreements with Koch Supply & Trading, a subsidiary of Koch Industries.

2020 Bulkers Ltd. inks chartering agreements with Koch for three Newcastlemax dry bulk carriers

Bulk Sandefjord has secured a new 36 months timecharter at an index linked rate, reflecting a premium to the Baltic 5TC index. The timecharter also includes a profit sharing of any economic benefit derived from operating the vessel´s scrubber. The 36 months timecharter replaces the previous 12-15 months timecharter at a TCE rate of USD 19,525 per day, gross.

Bulk Santiago will serve the charter party originally entered into for Bulk Sandefjord for 12-15 months employment at a fixed rate of USD 19,525 per day, gross.

Bulk Seoul will serve the charter party originally entered into for Bulk Santiago for 12-16 months employment at a fixed rate of USD 22,250 per day, gross.

All three time charters will commence directly after delivery of the newbuildings from New Times Shipyard.

Source: 2020 Bulkers