Scorpio Bulkers Inc. Announces Time Charter-Out Agreements

By Vessels

Scorpio Bulkers, Inc. (NYSE: SALT) аnnounced yesterday that it has entered into time charter-out agreements for two Ultramax vessels and one Kamsarmax vessel.

Time Charter-Out Agreements

Vessel Type Duration Earliest
Redelivery Date
Rate
SBI Leo Ultramax Min 5 - Max 7 months 04/06/2017 $9,000
SBI Cakewalk Kamsarmax Min 5 - Max 8 months 03/31/2017 $9,000
SBI Achilles Ultramax Min 6 - Max 8 months 05/23/2017 $11,000

Scorpio Bulkers Inc. Announces Time Charter-Out Agreements

Bulk carrier SBI LEO - Image courtesy:  John O Neill/Shipspotting

Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. The Company currently owns 41 vessels, consisting of 15 Kamsarmax vessels and 26 Ultramax vessels.

Scorpio Bulkers Inc. also time charters-in two dry bulk vessels (consisting of one Panamax and one Kamsarmax vessel) and has contracted for seven dry bulk vessels consisting of five Kamsarmax vessels and two Ultramax vessels, from shipyards in China. Upon final delivery of all of the vessels the owned fleet is expected to have a total carrying capacity of approximately 3.4 million deadweight tonnes.

Source: Scorpio Bulkers