2020 Bulkers announces 2Q2023 Financial Results


2020 Bulkers announced its unaudited financial and operating results for the three and six months ended June 30, 2023.

Key events during the second quarter of 2023

  • The Company reported net profit of US$4.8 million and EBITDA of US$11.1 million for the second quarter of 2023.
  • Achieved average time charter equivalent earnings of approximately US$23,800 per day, gross.
  • The Company declared total cash distributions of US$0.19 per share for the months of April, May and June 2023.

Subsequent Events

  • In July 2023, the Company extended and amended the index-linked time charter contract for Bulk Sandefjord to September 2024 – January 2025
  • Achieved average time charter equivalent earnings for July 2023 of approximately US$21,200, per day, gross.
  • In August 2023, the Company declared a cash distribution of US$0.04 per share for July 2023.


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