Hamilton, Bermuda ,January 10, 2020 Commercial update: The Company achieved average time charter equivalent earnings ofUSD 23,793 per day, gross, inDecember 2019 of which the Company's vessels trading on index -linked time charter earnedUSD 26,698 per day, gross, and the Company's vessels on fixed time charter earnedUSD 20,888 per day, gross. The Baltic 5TC Capesize Index averagedUSD 19,595 duringDecember 2019 . Dividend: The Board has approved the payment of a dividend ofUSD 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 aboutJanuary 22, 2020 For further queries, please contact:Magnus Halvorsen , Chief Executive Officer, Telephone +47 920 20 111 About2020 Bulkers Ltd. :2020 Bulkers has five vessels in operation and three Newcastlemax dry bulk vessels under construction atNew Times Shipyard inChina . The remaining newbuildings are expected to be delivered byMay 2020 . All vessels will be fitted with exhaust scrubber systems.
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