SBI Virgo is an Ultramax dry bulk vessel built in 2017 and employed on a long-term charter to Scorpio Bulkers Inc.

Ocean Yield announces sale of dry bulk vessel
Caption: Bulk carrier SBI Virgo - Image courtesy of Luis Prieto Garcia

In the charter contract, Scorpio Bulkers Inc. has an option to sell SBI Virgo to an unrelated third party, which has now been declared. 

Ocean Yield ASA will receive proceeds of about USD 20 million and record a small book profit from the sale. Delivery of the vessel is expected during Q1 2021.

Source: Ocean Yield