Brief: 2020 Bulkers Estimates Operating Cash Breakeven At $11,800 Per Vessel Per Day
14/08/2024 07:15
Aug 14 (Reuters) - 2020 Bulkers Ltd 20202.OL :
* OUTLOOK: OUR OPERATING CASH BREAKEVEN IS ESTIMATED AT
APPROXIMATELY US$11,800 PER VESSEL PER DAY
* OUTLOOK: COMPANY WILL CONTINUE ITS STRONG CAPITAL
DISCIPLINE,
AND WILL REMAIN FOCUSED ON RETURNING THE MAJORITY OF FREE CASH
FLOW TO SHAREHOLDERS AS MONTHLY DIVIDENDS
* CURRENT FFA CURVE FOR THE BALANCE OF 2024 IMPLIES
EARNINGS OF
APPROXIMATELY US$37,000 PER DAY FOR A SCRUBBER FITTED
NEWCASTLEMAX
Source text for Eikon: ID:nWkrCgvrF
Further company coverage: 20202.OL
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