2020 Bulkers Ltd. (2020) Hedging transaction for one vessel for Q2 2025

17 Mar 2025 08:15 CET

Oslo, Norway, March 17, 2025,

With reference to the announcement from the Company on March 14,2025, 2020
Bulkers has entered into an additional hedging transaction through a forward
freight agreement (FFA) effectively securing a fixed rate of approximately
US$30,100 per day, gross, for one vessel for the second quarter of 2025.

The Company has now entered into hedges for two vessels for the equivalent of
approximately US$31,300 per day, gross, for the second quarter of 2025. Both
vessels will additionally earn scrubber benefits.

For further queries, please contact:
Magnus Halvorsen, Chairman, 2020 Bulkers Ltd.
Telephone +47 920 20 111

About 2020 Bulkers Ltd.
2020 Bulkers has six Newcastlemax dry bulk vessels in operation. All vessels
are fitted with exhaust scrubber systems.

More information:
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