Oslo, Norway – October 8, 2025
In September 2025, the Company achieved average time charter equivalent rate (“TCE”)* of approximately US$36,600 per day, gross. The Company’s four vessels trading on index-linked time charter earned approximately US$37,200 per day, gross, including average daily scrubber benefits of approximately US$1,000 per day. The Company’s two vessels trading on fixed time charter earned approximately US$35,600 per day, gross, including average daily scrubber benefits of approximately US$2,200 per day. The Company had 180 operational days in September 2025.
The Baltic 5TC Capesize Index averaged US$26,520 during September 2025.
The Board has approved a dividend of US$0.19 per share for September 2025.
Dividend amount: US$0.19 per share
Declared currency: US$
Date of approval: October 7, 2025
Last day including right: October 15, 2025
Ex-date: October 16, 2025
Record date: October 17, 2025
Payment date: On or about October 24, 2025
2020 Bulkers has six Newcastlemax dry bulk vessels in operation. All vessels are fitted with exhaust scrubber systems.
