Scorpio Bulkers seals sale and leaseback of ultramax

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.

 

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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