Fifth Newbuild Joins 2020 Bulkers

BulkerIllustration; Source: Pxhere under CC0 Creative Commons license

Norwegian shipowner and operator 2020 Bulkers has taken delivery of Bulk Shenzhen, the fifth of eight 208,000 dwt Newcastlemax newbuilds.

The 223,000 cbm ship was delivered to its owner by China’s New Times Shipbuilding.

Under an agreement signed in October 2019, the bulker will commence an 11-13 month index-linked time charter with ST Shipping, a subsidiary of Glencore, on January 9, 2020.

As explained, the index-linked rate reflects a significant premium to a standard Capesize as a function of higher cargo intake and lower fuel consumption. The vessel will also earn an additional premium related to the fuel cost saving from the scrubber.

2020 Bulkers has five vessels in operation and three Newcastlemax drybulk vessels under construction in China. One bulker is planned for delivery in January 2020, and the remaining two vessels are expected to be delivered by May 2020.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >