Brief: 2020 Bulkers: Extended Time Charter For Bulk Shanghai

2020 Bulkers

18/09/2020 07:17

Sept 18 (Reuters) - 2020 Bulkers Ltd  202B.OL :
    * . (2020) - EXTENDED TIME CHARTER FOR BULK SHANGHAI
    * 2020 BULKERS HAS EXTENDED TIME CHARTER FOR BULK SHANGHAI
WITH ST
SHIPPING, A FULLY OWNED SUBSIDIARY OF GLENCORE FOR A PERIOD OF
6-8 MONTHS FROM 4 OCTOBER 2020
    * VESSEL WILL FROM 4 OCTOBER 2020 EARN A FIXED RATE OF USD
18,000
PER DAY, GROSS,
    * EXTENDED TIME CHARTER FOR BULK SHANGHAI SECURES CASH FLOW
THROUGH Q1 OF 2021 AT A LEVEL ABOVE OUR AVERAGE OPERATING CASH
BREAKEVEN WHICH IS ESTIMATED AT APPROXIMATELY USD 14,000 PER DAY
FOR 2021".

Source text for Eikon:  ID:nObi7k9jla 
Further company coverage:  202B.OL 

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