2020 Bulkers has recorded its first annual profit and its fifth consecutive quarter in the black since taking delivery of its first vessel in August 2019.
The Oslo-listed shipowner, which has an eight-vessel fleet of newcastlemax bulkers, reported net profit of $11.1m for 2020, or $0.50 per share, compared to a $400,000 loss for full-year 2019.
Its year-end result was boosted by the fourth quarter, which saw strong fleet earnings, although they...
