Hamilton, Bermuda, January 10, 2020

Commercial update:

The Company achieved average time charter equivalent earnings of USD 23,793 per
day, gross, in December 2019 of which the Company's vessels trading on index
-linked time charter earned USD 26,698 per day, gross, and the Company's vessels
on fixed time charter earned USD 20,888 per day, gross.

The Baltic 5TC Capesize Index averaged USD 19,595 during December 2019.



Dividend:

The Board has approved the payment of a dividend of USD 0.04 per share for
December, 2019. Key information:

Dividend amount: USD 0.04 per share

Declared currency: USD

Date of approval: January 9, 2020

Last day including right: January 13, 2020

Ex-date: January 14, 2020

Record date: January 15, 2020

Payment date: On or about January 22, 2020



For further queries, please contact:

Magnus Halvorsen, Chief Executive Officer,

Telephone +47 920 20 111



About 2020 Bulkers Ltd.:

2020 Bulkers has five vessels in operation and three Newcastlemax dry bulk
vessels under construction at New Times Shipyard in China. The remaining
newbuildings are expected to be delivered by May 2020. All vessels will be
fitted with exhaust scrubber systems.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange