Scorpio Bulkers sells two more

Written by Nick Blenkey
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Emanuele A. Lauro, Chairman and CEO, Scorpio Bulkers

[UPDATED] Emanuele A. Lauro led Scorpio Bulkers Inc. (NYSE: SALT) has agreed the sale of another two bulkerx as it continues on the path to transition that it began in August when it announced it had signed a letter of intent (LOI) with South Korea’s Daewoo Shipbuilding and Marine Engineering Inc, covering the construction of a large Wind Turbine Installation Vessel (WTIV) with options for three additional vessels.

Tuesday,, the company reported that the latest vessel sale it had agreed is that of the SBI Tethys, an Ultramax bulk carrier built in 2016, for approximately $18.25 million. Then. on Wednesday, it said it had agreed to sell the SBI Orion, an Ultramax bulk carrier built in 2015, for approximately $16.1 million.  Delivery of the vessel is expected to take place in the first quarter of 2021.

The company has recently sold eight vessels and has now contracted to sell fourteen additional vessels, all of which are expected to close in the first half of 2021.

On completion of these sales, Scorpio Bulkers 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.

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