Koch Extend Charters for Two 2020 Bulkers

November 17, 2019

Norway-based shipowner 2020 Bulkers announced that the time charters of two of its vessels with the global commodity trader Koch Supply and Trading

Under the new deal, the dry bulk shipping company vessels Bulk Santiago and Bulk Seoul will continue working for Koch for another 11-13 months at an index linked rate reflecting a significant premium to the Baltic 5TC index.

The time charters also include a sharing of the economic benefit from the scrubbers from January 1st, 2020, with the majority of the benefit accruing to 2020 Bulkers.

As part of the agreement, the index linked time charters will commence on December 25th, 2020, for Bulk Santiago and January 1st, 2021, for Bulk Seoul, implying 130 days reduction in the maximum optional periods under the existing fixed rate time charters.

2020 Bulkers owns and operates eight scrubber fitted 208,000 DWT Newcastlemax dry bulk carriers.

Logistics News

Ship Design, Maritime Accidents and There’s a Master on the Run

Ship Design, Maritime Accidents and There’s a Master on the Run

Maersk: Effective US Tariffs Average Around 21% Currently

Maersk: Effective US Tariffs Average Around 21% Currently

US Grain Shipments Surge 9% in face of Chinese Tariffs

US Grain Shipments Surge 9% in face of Chinese Tariffs

Great Lakes Limestone Trade Up in June

Great Lakes Limestone Trade Up in June

Subscribe for Maritime Logistics Professional E‑News

France joins European push to bring satellite internet to trains
Japan braces for more quakes, authorities dismiss doomsday hype
Mayor of Moscow: Russian air defences shot down four drones heading for Moscow