Tor Olav Troim’s 2020 Bulkers has secured more work from Koch Shipping for one of its newcastlemaxes.

The Oslo-listed owner said the charterer will keep on the 208,000-dwt Bulk Sydney (built 2020), paying $19,000 per day for the first 100 days from 19 February.

Then the deal will convert to a nine to 15-month index-linked charter, reflecting a “significant premium” to a standard capesize.