Dry CargoEurope

Scorpio Bulkers offloads ultramax pair

Emanuele Lauro’s Scorpio Bulkers has entered into agreements to sell 2014-built SBI Puma and 2015-built SBI Cougar for a total of around $37.9m.

The company says the sale will generate around $16m of additional liquidity, with delivery scheduled in October.

Brokers have identified China’s CDB Leasing as the buyer, pointing to a sale-and-leaseback transaction.

The sale will leave Scorpio with an owned fleet of 40 bulkers.

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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