Scorpio Bulkers, Inc. (NYSE: SALT) announced Thursday (Oct22) that the Company has entered into an agreement with an unaffiliated third party to sell the SBI Zeus, an Ultramax bulk carrier built in 2016, for approximately $18.5 million. Delivery of the vessel is expected to take place in the fourth quarter of 2020.

Scorpio Bulkers Inc. Announces the Sale of an Ultramax Vessel
Caption: Bulk carrier SBI Zeus - Image courtesy of F.Ybancos

Scorpio Bulkers Inc. 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 announced vessel sales, Scorpio Bulkers Inc. will have an operating fleet of 47 vessels consisting of 42 wholly-owned or finance leased drybulk vessels (including 13 Kamsarmax vessels and 29 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 2.9 million dwt and all of the Company’s owned and finance leased vessels will have carrying capacities of greater than 60,000 dwt.

Source: Scorpio Bulkers