2020 Bulkers Ltd. (“2020 Bulkers” or the “Company”) reported unverified economic and operational results for both the three and six months that ended June 30, 2023, today.
Important events in the second quarter of 2023:
- The Company reported a net profit of US$4.8 million and EBITDA of US$11.1 million for the second quarter of 2023.
- Achieved average time charter equivalent earnings of approximately US$23,800 per day, gross.
- The Company declared total cash distributions of US$0.19 per share for the months of April, May, and June 2023.
Subsequent Events
In July 2023, the Company extended and amended the index-linked time charter contract for Bulk Sandefjord to September 2024 – January 2025. Achieved average time charter equivalent earnings for July 2023 of approximately US$21,200, per day, gross. In August 2023, the Company declared a cash distribution of US$0.04 per share for July 2023.
The Board of Directors Report, the Condensed Consolidated Financial Statements and the Q2 2023 Presentation are available in the enclosed files.
Source: Hellenic Shipping News
