Scorpio Bulkers Inc. (NYSE:SALT) (Scorpio Bulkers) announced today that time charter-out agreements have been entered into for seven of its Ultramax vessels and four of its Kamsarmax vessels.

Scorpio Bulkers Announces Time Charter-Out Agreements
Caption: Bulk carrier SBI Ursa - Image courtesy of Ahmet Ünlügil

Certain information regarding these time charter-out agreements is set out below:

 Vessel  Type  Earliest Redelivery Date  Rate Per Day
 SBI Jaguar  Ultramax  April 2019  $16,000
 SBI Ursa  Ultramax  June 2019  $15,000
 SBI Tango  Ultramax  March 2019  $14,500
 SBI Cougar  Ultramax  March 2019  $16,500
 SBI Echo  Ultramax  February 2019  $15,000
 SBI Thalia  Ultramax  April 2019  $16,500
 SBI Lyra  Ultramax  April 2019  $16,500
 SBI Bolero  Kamsarmax  May 2019  $14,500
 SBI Macarena  Kamsarmax  February 2019  $16,000
 SBI Mazurka  Kamsarmax  May 2019  $16,000
 SBI Samba  Kamsarmax  April 2019  $15,500

Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Scorpio Bulkers Inc. has an operating fleet of 57 vessels consisting of 56 wholly-owned or finance leased drybulk vessels (including 19 Kamsarmax vessels and 37 Ultramax vessels), and one time chartered-in Ultramax vessel. The Company’s owned and finance leased fleet has a total carrying capacity of approximately 3.9 million dwt and all of the Company’s owned vessels have carrying capacities of greater than 60,000 dwt.

Source: Scorpio Bulkers