Scorpio Bulkers, Inc., announces the sale of its Kamsarmax vessel, says a press release published on their website.
About the agreement
Scorpio Bulkers, Inc. (NYSE: SALT) (the “Company”) announced the company’s agreement with an unaffiliated third party to sell the SBI Rock.
- SBI rock is a 2016 built non-scrubber-fitted Kamsarmax vessel.
- The sale price is slightly in excess of $18 million.
Sale details
- Delivery of the vessel is expected in the fourth quarter of 2020.
- The sale is expected to generate additional liquidity of approximately $5 million.
The Company to save approximately $1 million in budgeted drydocking costs during the first quarter of 2021.
Sustainable business opportunity
Emanuele Lauro, Chairman and CEO, commented:
Last month we announced a new direction for Scorpio Bulkers- offshore wind as a sustainable business opportunity. This sale represents a step, one of the many deliberate steps we must take, in our transition
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Source: Scorpio Bulkers Inc.
