Dry CargoEurope

2020 Bulkers converts another newcastlemax to fixed-rate charter

Norway’s 2020 Bulkers has switched another one of its newcastlemax bulk carriers from index-linked to a fixed-rate charter.

The Oslo-listed owner’s 2019-built Bulk Sandefjord has been fixed to trader Koch at $14,392 per day until March 31, 2023.

The 208,000 dwt bulker will also earn a premium related to the fuel cost savings of $4,500 per day from its scrubber.

Last August, the Tor Olav Trøim-backed company fixed the same ship at $54,000 per day between September 1 and December 31, 2021.

In September, the 2020-built Bulk Sao Paulo was also moved from an index-linked contract and the company now has four out of eight ships on fixed-rate charters.

Adis Ajdin

Adis is an experienced news reporter with a background in finance, media and education. He has written across the spectrum of offshore energy and ocean industries for many years and is a member of International Federation of Journalists. Previously he had written for Navingo media group titles including Offshore Energy, Subsea World News and Marine Energy.
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