Dry CargoEurope

Scorpio Bulkers sells another ultramax

Monaco’s Scorpio Bulkers has entered into an agreement to sell the 2016-built ultramax bulker SBI Tethys for around $18.25m.

Delivery is scheduled for the first quarter of 2021, and the sale price is roughly in line with the $18m valuation placed on the bulker by VesselsValue. The identity of the buyer was not revealed.

Since announcing plans to move into the offshore wind sector in August, Scorpio has sold 21 bulkers and is down to a fleet of just 28 owned vessels.

The company has openly said it plans to sell its entire fleet as part of its move into offshore wind. Scorpio boss Emanuele Lauro told Maritime CEO in an interview recently that the decision to pivot was taken as dry bulk was a sector it could not dominate, unlike wind installation or the product tanker sector where it has led consolidation in recent years.

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.
Back to top button