Norway, Nov. 17 -- 2020 Bulkers (the "Company") announces that it has signed agreements to sell each of its 2020 built Newcastlemax vessels, Bulk Sydney and Bulk Santos to an unaffiliated third party for a total consideration of US$145.5 million. Each sale is subject to certain closing conditions, in line with industry standards.The Company will retain the vessels' respective operating cashflows until closing of each vessel transaction, each of which is agreed to take place during Q1 2026.The Company expects to recognize a net book gain of approximately US$61 million upon completion of the transactions.The Board of Directors of the Company will, subject to completion of the sales, determine the allocation of the net proceeds from the transa...