New direction for Scorpio Bulkers
(Posted on 01/10/20)
Scorpio Bulkers, Inc. has announced that the Company has entered into an agreement with an unaffiliated third party to sell the SBI Rock, a 2016 built non-scrubber-fitted Kamsarmax vessel, for a price slightly in excess of $18 million. Delivery of the vessel is expected to take place in the fourth quarter of 2020. The sale is expected to generate additional liquidity of approximately $5 million. In addition, the Company will save approximately $1 million in budgeted drydocking costs during the first quarter of 2021.
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.”
Scorpio Bulkers is a provider of marine transportation of dry bulk commodities, and is investing in the next generation of wind turbine installation vessels. Upon the completion of the sale of the vessel, Scorpio Bulkers Inc. will have an operating fleet of 53 vessels consisting of 48 wholly-owned or finance leased drybulk vessels (including 15 Kamsarmax vessels and 33 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 3.3 million dwt and all of the Company’s owned and finance leased vessels will have carrying capacities of greater than 60,000 dwt.
Latest News
Wallem Group reaches a century in Hong Kong
(Posted on 04/11/25)Wallem Group, a leading global maritime partner, is celebrating the centenary of moving its headquarters... Read more
INTERCARGO celebrates record membership ahead of 45th Anniversary
(Posted on 04/11/25)The International Association of Dry Cargo Shipowners (INTERCARGO) is marking its 45th anniversary in... Read more
NORDEN reports net profit of US$26m in Q3 2025
(Posted on 04/11/25)Net profit for the Group amounted to USD 26 million (DKK 166 million) in the third quarter of 2025,... Read more
ClassNK releases 'Guidelines for Onboard CO2 Capture and Storage Systems (Edition 2.0)'
(Posted on 04/11/25)ClassNK has released 'Guidelines for Onboard CO2 Capture and Storage Systems (Edition 2.0)' first in... Read more
InterManager urges Seafarer participation in Enclosed-Space Safety Survey
(Posted on 27/10/25)Following the International Maritime Organisation’s (IMO’s) newly tightened rules on enclosed... Read more
DNV: Nuclear propulsion is viable solution for maritime decarbonisation
(Posted on 27/10/25)According to a new paper by DNV, shifting environmental requirements are reigniting interest in nuclear... Read more
MoU on cooperation Between Zhejiang Seaport and Columbia
(Posted on 24/10/25)Zhejiang Seaport Group and Columbia Group Limited have signed a Strategic Cooperation Memorandum of... Read more
INTERCARGO statement on Extraordinary Meeting of MEPC
(Posted on 20/10/25)The International Association of Dry Cargo Shipowners (INTERCARGO) has released a statement on the Extraordinary... Read more
Investigation into impact of technology on seafarers
(Posted on 20/10/25)The future of shipping is already here. From autonomous systems to artificial intelligence, maritime... Read more
ESL Shipping’s science-based net-zero targets validated by SBTi
(Posted on 17/10/25)The Science Based Targets initiative (SBTi) has approved ESL Shipping’s near and long-term... Read more
