New time charters for Bulk Santos and Bulk Sao Paulo

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2020 Bulkers announced it has entered into new index-linked time charters for Bulk Santos and Bulk Sao Paulo with a European charterer.

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.

The new time charters will commence immediately on redelivery from their current employment, expected between May and August 2023, with a duration up until April 1, 2025 to June 31, 2025.

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