Scorpio Bulkers announces the sale of Ultramax vessels

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Image used for representational purposes only (Image Courtesy: Scorpio Bulkers)

Scorpio Bulkers Inc. (NYSE: SALT) has entered into an agreement with an unaffiliated third party to sell the SBI Leo and SBI Lyra, Ultramax bulk carriers built in 2015, for approximately $35 million in aggregate.

Delivery of the vessels is expected to take place in the first quarter of 2021.

Scorpio Bulkers Inc. announced on August 3, 2020, its intention to transition away from the business of dry bulk commodity transportation and towards marine-based renewable energy including investing in the next generation of wind turbine installation vessels.

The Company intends to sell or have commitments to sell its remaining wholly-owned or finance leased dry bulk vessels during the first quarter of 2021.

Sea News, January 20

Baibhav Mishra
Author: Baibhav Mishra

Associate Editor, Sea News