2020 Bulkers was profitable during the second quarter and has restarted paying dividends, after halting payouts to shareholders until June due to the coronavirus pandemic's effects on the bulker market.

The Oslo-listed shipowner reported net profit of $2.4m for the period or earnings of $0.11 per share.

In the same period last year, the bulker owner posted a loss of $1m, equivalent to a $0.06