2020 Bulkers — Capital/Financing Update 2025

May 23, 2025

2020 Bulkers Ltd. (2020) Extended time charters for Bulk Santos and Bulk Sao Paulo

2020 Bulkers Ltd. (2020) Extended time charters for Bulk Santos and Bulk Sao Paulo

Oslo, Norway, May 23, 2025

2020 Bulkers is pleased to announce it has extended the index-linked time

charters with 11-13 months for Bulk Santos and Bulk Sao Paulo with Costamare

Bulkers. 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.

For further queries, please contact:

Lars-Christian Svensen, Chief Executive Officer, 2020 Bulkers Management AS.

Telephone +47 476 38 756

About 2020 Bulkers Ltd.

2020 Bulkers has six Newcastlemax dry bulk vessels in operation. All vessels

are fitted with exhaust scrubber systems.