Shipowner 2020 Bulkers has faith that strong bauxite volumes will continue to cushion the capesize and newcastlemax market from extremely low rates early next year.
Chief executive Magnus Halvorsen told analysts and investors that his company does not feel the need to take on any additional forward contract cover for the first quarter of 2025, seasonally the weakest period of the year for capesizes and newcastlemaxes.
