2020 Bulkers reports strong November TCE, declares $0.21 dividend

2020 Bulkers Ltd. announced a strong commercial performance for November 2025, achieving an average Time Charter Equivalent (TCE) rate of approximately $40,300 per day, gross. This figure significantly surpassed the Baltic 5TC Capesize Index, which averaged $28,732 during the same period. The company's four index-linked vessels earned about $42,400 per day, gross, while its two fixed time charter vessels secured approximately $36,100 per day, gross, both including scrubber benefits.

In light of the robust operational results, the board approved a dividend of $0.21 per share for November 2025.

The company operates a fleet of six Newcastlemax dry bulk vessels, all equipped with exhaust scrubber systems, contributing to their improved earnings. In November 2025, 2020 Bulkers recorded 180 operational days across its fleet.