Scorpio Bulkers announces the Sale of an Ultramax Vessel

(Image Courtesy: Scorpio Bulkers)

Scorpio Bulkers Inc. (NYSE: SALT) has entered into an agreement with an unaffiliated third party to sell the SBI Libra, an Ultramax bulk carrier built in 2017, for approximately $18.65 million. Delivery of the vessel 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 13

Baibhav Mishra
Author: Baibhav Mishra