Costamare Bulkers has extended contracts on two newcastlemaxes owned by 2020 Bulkers.
Specifically, the index-linked time charters on the 208,400-dwt Bulk Santos and Bulk Sao Paulo (built 2020) have been extended by a further 11 to 13 months.
2020 Bulkers said the contracts’ floating rate is at a “significant premium” to a standard capesize.