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ER - 2020 Bulkers Ltd. (2020) Commercial update and key information relating to the dividend for May 2025

Company: 2020 Bulkers Date: 2025-06-11 Language: English Register to download

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 2020 Bulkers Ltd. (2020) Commercial update and key information relating to the dividend for May 2025

# 2020 Bulkers Ltd. (2020) Commercial update and key information relating to the dividend for May 2025

Oslo, Norway, June 11, 2025  

  

Commercial update:  

  

In May 2025, the Company achieved average time charter equivalent rate  

("TCE")\* of approximately US$23,800 per day, gross, for the Company's vessels  

trading on index-linked time charter including average daily scrubber benefits  

of approximately US$1,100 per day. The Company had 185 operational days in May  

2025.  

  

Bulk Santos, trading on index-linked time charter in May, had off-hire for 1  

day in May due to ongoing 5 year special survey.  

  

The Baltic 5TC Capesize Index averaged US$15,675 during May 2025.  

  

\*Average time charter equivalent rate, gross, ("TCE") when used by the  

Company, means time charter revenues and voyage charter revenues excluding  

address commission, less voyage charter expenses and adjusted from "load to  

discharge" basis to "discharge to discharge" basis and divided by operational  

days.  

  

Dividend:  

  

The Board has approved a dividend of US$0.11 per share for May 2025.  

  

Key information:  

  

Dividend amount: US$0.11 per share  

  

Declared currency: US$  

  

Date of approval: June 10, 2025  

  

Last day including right: June 16, 2025  

  

Ex-date: June 17, 2025  

  

Record date: June 18, 2025  

  

Payment date: On or about June 25, 2025  

  

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.