Dry CargoEurope

Scorpio Bulkers offloads another kamsarmax

Monaco’s Scorpio Bulkers has announced the sale of a kamsarmax bulker, the second sold by the Emanuele Lauro led company in under a week.

Scorpio has sold the 2016-built SBI Sousta for around $18.5m, substantially less than the $19.36m value placed on the vessel by VesselsValue although Scorpio says the sale will save it around $1m in budgeted drydocking costs.

The vessel, which has not been fitted with a scrubber, is set to generate around $5.2m of liquidity for Scorpio once the deal is completed. Delivery is scheduled later this quarter.

Last week, Scorpio Bulkers announced an agreement to sell 2016-built kamsarmax bulker SBI Rock for a little over $18m.

Speaking after last week’s sale, chairman and CEO Lauro, chairman said: “Last month we announced a new direction for Scorpio Bulkers – offshore wind as a sustainable business opportunity. This sale represents a step, one of the many deliberate steps we must take, in our transition.”

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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