Scorpio Bulkers Announces Its $18.65m Vessel Sale

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Scorpio Bulkers has sold an ultramax bulk carrier to an an unaffiliated third party, says a press release published on their website.

The Vessel value

Scorpio has sold the 2017-built ultramax SBI Libra, which has been on long-term charter from Ocean Yield, to an unnamed third party with delivery scheduled this quarter.

Scorpio says it has sold the vessel for $18.65m, while Ocean Yield says that Scorpio declared an option to sell the vessel netting the Norwegian company $20m. According to VesselsValue, the bulker has a fair market value of $17.95m.

Ocean yield finances

In addition to the last week, Scorpio sold the 2018-built kamsarmax SBI Lynx which was also financed by Ocean Yield, for $22.25m.

Dry Bulkers for sale

Since announcing its move into offshore wind, Scorpio has been selling bulkers at speed and is working to complete the sell-off of its entire dry bulk fleet within the first quarter of this year.

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Source : Scorpio Bulkers

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