Tor Olav Troim-backed 2020 Bulkers has fixed another of its Newcastlemax bulkers being built in China.
Trader Glencore will take the 208,000-dwt Bulk Shanghai for between 11 and 13 months on delivery from New Times Shipyard in early November.
It will earn an index-linked rate, reflecting a "significant premium" to the Baltic 5TC index, 2020 Bulkers said.
