Newcastlemax owner 2020 Bulkers has converted another index-linked charter to a fixed-rate contract with Koch Logistics.

The Oslo-listed firm said the 208,400-dwt Bulk Shenzhen (built 2020) will earn a gross daily rate of $32,378 from 1 February until the end of the year.

On Thursday, 2020 Bulkers announced that it had also converted the index-linked charter of the 208,400-dwt Bulk Shanghai (built 2019).