The first of 2020 Bulkers' eight Newcastlemax newbuildings has been delivered, which means the company can finally begin generating revenue.
The 208,000-dwt Bulk Sandefjord was delivered from the New Times Shipyard in China on 7 August and has commenced an index-linked charter with Koch Industries.
2020 Bulkers did not have an operational fleet during the first six months of 2019 and has posted a loss for the period, due to lack of operating income.
