The Firm declares that it has accredited the switch of the eight Newcastlemax dry bulk vessels that it owns and/or operates from subsidiaries domiciled in Liberia to Norwegian restricted legal responsibility subsidiaries.
The Firm has accomplished the switch of the vessels Bulk Shenzhen, Bulk Sydney and Bulk Sao Paulo and the rights to the vessels Bulk Shanghai and Bulk Seoul. The Firm expects to switch the remaining three vessels earlier than the tip of April 2022. The Norwegian subsidiaries plan to enter the Norwegian Tonnage Tax System efficient for the earnings tax 12 months 2022.
Supply: 2020 Bulkers Ltd