Tor Olav Troim 2020 Bulkers

Oslo listed shipowner 2020 Bulkers has reported that index-linked bulk carriers performed above the Baltic Exchange average during November 2019. Tor Olav Troim led 2020 Bulkers has reported that four (4) operational newcastlemax bulk carriers achieved average time charter equivalent (TCE) earnings of $24,466 per day and out-performed the Baltic Exchange average in November 2019. 2020 Bulkers’ ships trading on index-linked time charters earned $28,594 per day and the fixed-rate ships achieved $20,888 per day. Meanwhile, Baltic Exchange 5TC capesize index averaged $21,254 during November 2019. 2020 Bulkers’ BOD (Board of Directors) has approved the payment of a dividend of $0.08 per share for November 2019. 2020 Bulkers has reported first profit from operations in Q3 2019. In Q3 2019, 2020 Bulkers has reported net earnings of $0.8 million, from only 65 operational ship days. In Q3 2018, 2020 Bulkers has reported loss of $0.2 million. 2020 Bulkers has four (4) more newbuilding bulk carriers remain under construction in China. 2020 Bulkers has chartered out four (4) bulk carriers to Koch Shipping and two (2) bulk carriers to Glencore. 2020 Bulkers has fixed employment for 99% of operating days in 2019 and 80% in 2020.