2020 Bulkers Fixes 3 Bulkers with Koch

July 12, 2019

Norwegian shipowner 2020 Bulkers has reached time charter agreements for three of its newbuildings with Koch Supply & Trading, a subsidiary of Koch Industries.

Bulk Sandefjord has secured a new 36 months time-charter at an index-linked rate, reflecting a premium to the Baltic 5TC index.

The time-charter also includes a profit-sharing of any economic benefit derived from operating the vessel´s scrubber. The 36 months time-charter replaces the previous 12-15 months time-charter at a TCE rate of USD 19,525 per day, gross.

Bulk Santiago will serve the charter party originally entered into for Bulk Sandefjord for 12-15 months employment at a fixed rate of USD 19,525 per day, gross.

Bulk Seoul will serve the charter party originally entered into for Bulk Santiago for 12-16 months employment at a fixed rate of USD 22,250 per day, gross.

All three time-charters will commence directly after delivery of the newbuildings from New Times Shipyard.

Logistics News

Container Vessel Bunkered with Methanol During Cargo Operations

Container Vessel Bunkered with Methanol During Cargo Operations

Cyprus Scraps $1.3 Billion Port Concession

Cyprus Scraps $1.3 Billion Port Concession

Stena Prosperous Bunkers Methanol in Singapore

Stena Prosperous Bunkers Methanol in Singapore

Green Marine Lays Foundation for its New Global Structure

Green Marine Lays Foundation for its New Global Structure

Subscribe for Maritime Logistics Professional E‑News