Dry bulk owner 2020 Bulkers, with offices in Bermuda and Norway, has entered into a new time charter for Bulk Sydney with Koch Shipping.

The company states today in an announcement, that 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.

Until now 2020 Bulkers has eight Newcastlemax dry bulk vessels in operation, and all vessels are fitted with exhaust scrubber systems.