Tor Olav Troim-backed 2020 Bulkers has secured new charters for three of its newcastlemax newbuildings.
The company said Koch Supply & Trading, a subsidiary of Koch Industries, has signed up the Bulk Sandefjord for 36 months at an index-linked rate.
This reflects a premium to the Baltic Exchange's 5TC capesize time charter index and includes profit sharing of any economic benefit derived from operating the vessel's scrubber, it added.
