2020 Bulkers hurries newcastlemax delivery schedule

2020 Bulkers hurries newcastlemax delivery schedule

Amid a booming market, Oslo-listed 2020 Bulkers has managed to get a Chinese yard to deliver five of its eight scrubber-fitted newcastlemaxes on order eight months earlier than scheduled.

The CEO of 2020 Bulkers Management, Magnus Halvorsen, commented: “We are very pleased with the good progress of our newbuilding program at New Times Shipyard, particularly in the light of the recent improvements in the dry bulk market.”

Following the revised delivery schedule, 2020 Bulkers, set up by Tor Olav Trøim, is now expected to have in excess of 2,600 operational ship-days in 2020.

The first ship is now expected to deliver on August 7 and all ships are expected to be delivered by May 2020.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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