Monaco’s Scorpio Bulkers has sealed an agreement to sell 2016-built kamsarmax bulker SBI Rock for a little over $18m.
Delivery of the vessel to the unnamed buyer is expected during the fourth quarter of 2020. VesselsValue puts a value of $19.31m on the Chinese-built vessel, which has not been fitted with a scrubber.
Scorpio said the sale will generate around $5m liquidity as well as save it around $1m in drydocking costs during the first quarter of 2021.
Emanuele Lauro, chairman and CEO of Scorpio Bulkers, commented “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.”