Dry bulk owner 2020 Bulkers, with offices in Bermuda and Norway, has entered into new index-linked time charters for a pair of vessels, Bulk Santos and Bulk Sao Paulo, with an unnamed European charterer.

The company states today in an announcement, that the index-linked charters reflect a significant premium to a standard Capesize vessel, as well as an additional premium related to the fuel cost saving from the scrubbers.

The new time charters will commence immediately on redelivery from their current employment, expected between May and August 2023, with a duration up until April 1, 2025 to June 31, 2025.

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