Port of Vancouver USATOC EventsTMS Awards 2020The Wolfson Centre for Bulk Solids Handling Technology ViganCimbria
  • Cleveland Cascades Ltd
  • TBA Group
  • TMS Webinar Series COVID-19: A Leadership Perspective - ‘Container Terminals in the Pandemic - Rapid bounce back or slow recovery?
  • Port of Vancouver USA
  • Vigan
  • Port of Stockton

New direction for Scorpio Bulkers

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

CSM and Permuda announce JV

(Posted on 25/10/20)

The Italian ship-owning Group Premuda, controlled by Pillarstone, the industrial and financial platform... Read more


North to enhance routing risk advice

(Posted on 23/10/20)

Leading international shipping insurer North P&I Club has launched a new marine risk awareness solution... Read more


IMEC commissions Ocean to develop competencies for Ratings

(Posted on 23/10/20)

The International Maritime Employers’ Council (IMEC) has commissioned Ocean Technologies Group... Read more


Piracy increasing off West Africa

(Posted on 18/10/20)

ICC International Maritime Bureau (IMB) figures show a rise in piracy and armed robbery on the world... Read more


CCS fleet grows to 155m GT

(Posted on 16/10/20)

China Classification Society (CCS) grew its serviced fleet to 34,974 vessels in 2019, marking another... Read more


Pandemic has some positive effects on training

(Posted on 16/10/20)

Leading international catering management and training provider, MCTC has revealed that COVID-19 has... Read more


INTERCARGO address key issues

(Posted on 12/10/20)

The International Association of Dry Cargo Shipowners (INTERCARGO) has held its Annual General Meeting... Read more


Jones steps down as BRS chairman

(Posted on 12/10/20)

The BRS Group has a new chairman. As the partnership agreement stipulates, on reaching the age of 65... Read more


Høglund and Veracity to collaborate

(Posted on 12/10/20)

Høglund Marine Solutions (Høglund) and Veracity by DNV GL (Veracity) have signed a collaboration... Read more


German Shipowners welcome LNG investments

(Posted on 07/10/20)

“As one of the world’s major shipping nations, Germany needs an LNG infrastructure for its... Read more


Cleveland Cascades LtdBühler GmbHPort of South LouisianaTelestackPort of StocktonSailors Society
  • Sailors Society
  • Port of South Louisiana
  • China Coaltrans 2020

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping