9th Jan 2026 07:00
Oslo, Norway, January 9, 2026 Commercial update:
In December 2025, the Company achieved average time charter equivalent rate ("TCE")* of approximately US$41,800 per day, gross. The Company's four vessels trading on index-linked time charter earned approximately US$46,200 per day, gross, including average daily scrubber benefits of approximately US$1,400 per day. The Company's two vessels trading on fixed time charter earned approximately US$32,800 per day, gross, including average daily scrubber benefits of approximately US$1,300 per day. The Company had 186 operational days in December 2025.
The Baltic 5TC Capesize Index averaged US$34,696 during December 2025.
*Average time charter equivalent rate, gross, ("TCE") when used by the Company, means time charter revenues and voyage charter revenues excluding address commission plus realized gain (loss) on forward freight agreements, 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$0.23 per share for December 2025. Key information:
Dividend amount: US$0.23 per share
Declared currency: US$ Date of approval: January 8, 2026 Last day including right: January 14, 2026 Ex-date: January 15, 2026 Record date: January 16, 2026 Payment date: On or about January 23, 2026
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.