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Scorpio Bulkers offloads kamsarmax

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.”

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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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