Dry CargoEurope

2020 Bulkers locks in pair on index-linked contracts

Norway’s 2020 Bulkers has struck new time charter deals with an unnamed European charterer for a pair of its newcastlemax bulk carriers.

The Oslo-listed owner’s 2020-built Bulk Santos and Bulk Sao Paulo have been fixed up until April 1, 2025, to June 31, 2025.

The charters will start immediately on redelivery from their current employment with trader Glencore, which can keep the ships between May and August 2023.

The 208,000 dwt bulkers will earn an index-linked rate, reflecting a significant premium to a standard capesize vessel and a premium related to the fuel cost savings from the scrubbers, the Tor Olav Trøim-backed owner of eight scrubber-fitted newcastlemaxes said in a regulatory filing.

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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