Brief: 2020 Bulkers Enters Into Time Charter Agreement For Bulk Shanghai

2020 Bulkers

14/10/2019 07:25

Oct 14 (Reuters) - 2020 Bulkers Ltd  2020B.OL :
    * TIME CHARTER FOR BULK SHANGHAI
    * HAS ENTERED INTO A TIME CHARTER AGREEMENT FOR BULK
SHANGHAI WITH
A 100% OWNED SUBSIDIARY OF GLENCORE
    * TIME CHARTER ALSO INCLUDES A PROFIT SHARING OF ANY
ECONOMIC
BENEFIT DERIVED FROM OPERATING VESSEL'S SCRUBBER
    * VESSEL WILL COMMENCE A 11-13 MONTH TIME CHARTER UPON
DELIVERY
FROM NEW TIMES SHIPYARD IN EARLY NOVEMBER 2019 AND WILL EARN AN
INDEX LINKED RATE, REFLECTING A SIGNIFICANT PREMIUM TO BALTIC
5TC INDEX

Source text for Eikon:  ID:nWkr9mS08j 
Further company coverage:  2020B.OL 

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