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Scorpio Bulkers continues fire sale with fifth ultramax headed out the door

Photo of Grant Rowles Grant RowlesOctober 23, 2020
2,013 Less than a minute

Monaco’s Scorpio Bulkers has announced its second sale this week, offloading the 2016-built ultramax SBI Hyperion for $17.5m.

The sale, which is slightly below the market value of $18.07m according to VesselsValue, will be completed during the fourth quarter of this year.

Since announcing a move into the offshore wind sector, ordering a wind turbine installation vessel at DSME, Scorpio has sold five ultramaxes and three kamsarmaxes, raising over $140m.

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Photo of Grant Rowles Grant RowlesOctober 23, 2020
2,013 Less than a minute
Photo of Grant Rowles

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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