Scorpio Bulkers announces Sale of an Ultramax Vessel

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(Image Courtesy: Scorpio Bulkers)

Scorpio Bulkers Inc. has entered into an agreement with an unaffiliated third party to sell the SBI Tethys, an Ultramax bulk carrier built in 2016, for approximately $18.25 million. Delivery of the vessel is expected to take place in the first quarter of 2021.

Scorpio Bulkers has recently sold eight vessels and has contracted to sell thirteen additional vessels, all of which are expected to close in the first half of 2021.

Upon the completion of the announced vessel sales, Scorpio Bulkers Inc. will have an operating fleet of 33 vessels consisting of 28 wholly-owned or finance leased drybulk vessels (including 8 Kamsarmax vessels and 20 Ultramax vessels), and five time chartered-in Kamsarmax vessels.

In addition to its dry bulk fleet, the Company has signed a letter of intent to enter into a shipbuilding contract with Daewoo Shipbuilding and Marine Engineering Inc. to build a wind turbine installation vessel to be delivered in 2023, with options to build three further similar vessels.

The Company’s owned and finance leased fleet will have a total carrying capacity of approximately 1.9 million dwt and all of the Company’s owned and finance leased vessels will have carrying capacities of greater than 60,000 dwt.

Sea News, December 9

Baibhav Mishra
Author: Baibhav Mishra