Q4 2021 2020 Bulkers Ltd Earnings Call Transcript
(technical difficulty) fourth-quarter 2021 earnings conference call for 2020 Bulkers. As usual, I'm also joined here today by our Chief Executive Officer (sic - Chief Financial Officer), Mr. Vidar Hasund. Before we start the presentation, I would like to remind you that we will be discussing matters that are forward-looking in nature. These forward-looking assumptions are based on the company's current views with regards to future events, which are uncertain. Actual results may differ materially. And with that, I'll go over to the highlights for the quarter.
2020 Bulkers generated a record net profit of $26.3 million in the fourth quarter. We maintained a track record of having been profitable every quarter since we got our first vessel in operation in the third quarter of 2019. We continued to outperform the Capesize index during Q4, and we achieved time charter equivalent earnings of $52,900 per day. This compares to the Baltic Capesize Index, which was approximately $42,600 during the quarter.
For the month of October through December, we
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