Geneva DryTMS Awards 2023Port of South LouisianaBühler GmbHCimbriaVigan
  • Bühler GmbH
  • Cimbria
  • Geneva Dry
  • Telestack
  • TMS Awards 2023
  • TBA Group

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

INTERCARGO report: Safety gains continue but security threats emerge

(Posted on 15/06/25)

INTERCARGO, the International Association of Dry Cargo Shipowners, reports encouraging progress in bulk... Read more


Marcura and Sedna Partner to simplify maritime workflows

(Posted on 15/06/25)

Marcura and Dataloy Systems have announced a new phase in their long-standing strategic partnership... Read more


Ageing fleet drives surge in number of maritime incidents, says DNV report

(Posted on 06/06/25)

According to DNV’s latest report, Maritime Safety Trends 2014-2024 - Preparing for future risks... Read more


Two Damen Combi Freighters 3850 launched for Fast Lines Belgium

(Posted on 06/06/25)

The second of three Damen Combi Freighters (CF) 3850 has been launched in China for Fast Lines Belgium... Read more


Columbia: Diversity’s ‘forgotten twin’ inclusion must be priority

(Posted on 06/06/25)

Inclusion is every bit as important as diversity in ensuring that shipping becomes a truly welcoming... Read more


Postfix for shipbrokers made simple

(Posted on 02/06/25)

AXSMarine, a pioneer and market leader in the provision of advanced solutions and market intelligence... Read more


Veson Nautical and Great Eastern Shipping go live with IMOS Platform

(Posted on 30/05/25)

Veson Nautical, a global leader in maritime data and freight management solutions, and The Great Eastern... Read more


Columbia Group welcomes alignment on ETS

(Posted on 30/05/25)

Columbia Group has welcomed the UK government’s announcement to link its emission trading system... Read more


Damen completes green retrofit project for BAM Shipping

(Posted on 15/05/25)

Damen Shipyards Group, together with partners including Atal Solutions has completed its retrofit of... Read more


NORDEN expands MPP fleet, reinforcing growth in Projects & Parcelling

(Posted on 15/05/25)

NORDEN has announced that it has signed agreements for two additional 17,500 dwt Multi-purpose (MPP)... Read more


TBA GroupTelestackSailors SocietyPort of StocktonVan Aalst
  • Vigan
  • Port of Stockton
  • Port of South Louisiana

Subscribe to our newsletter

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