Dry CargoEurope

Scorpio Bulkers sells two more ultramaxes

Monaco-headquartered Scorpio Bulkers has sold 2015-built ultramax pair SBI Leo and SBI Lyra.

The two vessels, which were financed via a sale-and-leaseback deal with China’s Avic Leasing in 2019, were sold for a total of around $35m.

Delivery of the vessels is expected to take place by the end of the first quarter of 2021, by which point Scorpio Bulkers plans to have exited the dry bulk sector. The company announced a transition to offshore wind in August last year and has since sold off a large chunk of its fleet.

Led by Emanuele Lauro, Scorpio Bulkers is constructing a wind turbine installation vessel (WTIV) at South Korea’s DSME and is in the process of changing its name to Eneti.

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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