2020 Bulkers locks in $33,700 daily rates through hedging

2020 Bulkers has entered hedging transactions securing an average fixed rate of approximately $33,700 per day for two of its vessels from August 1 to December 31, 2025.

The company operates a fleet of six Newcastlemax dry bulk vessels, all equipped with exhaust scrubber systems, and will continue earning scrubber benefits during the fixed-rate periods.