Oslo, Norway, May 13, 2026
2020 Bulkers Ltd. (“2020 Bulkers” or the “Company”) today announced its unaudited financial and operating results for the three months ended March 31, 2026.
Key events during the first quarter of 2026
- The Company reported net profit of US$154.1 million and EBITDA of US$157.3 million for the first quarter of 2026.
- The Company achieved average time charter equivalent earnings of approximately US$26,700 per day, gross.
- The Company declared total dividends of US$14.05 per share for the months of January, February and March 2026.
- Bulk Santiago, Bulk Shenzhen, Bulk Sydney, Bulk Santos and Bulk Sao Paulo were delivered to the new owners in March 2026.
Subsequent Events
- Bulk Sandefjord was delivered to the new owner in April 2026.
- In April 2026, the Company repurchased a total of 2,791,163 shares for NOK 129.5 per share.
The Board of Directors Report and the Condensed Consolidated Financial Statements are available in the enclosed files.
About 2020 Bulkers Ltd.
2020 Bulkers Ltd. is a limited liability company incorporated in Bermuda on 26 September 2017. The Company’s shares are traded on Oslo Børs under the ticker “2020”.
May 13, 2026
Board of Directors
2020 Bulkers Ltd.
Oslo, Norway