Newcastlemax owner 2020 Bulkers has secured new two-year time-charters for two of its vessels.

An unnamed “European charterer” has fixed the 208,000-dwt bulk carriers Bulk Santos and Bulk Sao Paulo (both built 2020) on index-linked contracts, but commercial terms were not disclosed publically.

The time-charters will begin between May and August this year when the ships redeliver from their existing employment, and will run until 1 April and 31 June 31, 2025, the Oslo-listed owner said on Friday.