Dry CargoEuropeFinance and Insurance
Scorpio Bulkers seals sale and leaseback of ultramax
Emanuele Lauro’s Scorpio Bulkers has sold 2016-built ultramax bulker SBI Hermes for $20.5m, and will lease the vessel back on bareboat charter for five years.
Scorpio will pay the unnamed buyer $5,850 per day for the charter, and has options to repurchase the vessel after three years through to the end of the charter.
The sale will add $11.3m to the liquidity of Scorpio Bulkers after repayment of the loan currently attached to the vessel.
Scorpio completed similar seals for ultramaxes SBI Echo in July and SBI Tango in April.