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Ocean Yield dry bulk vessel sold

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Dry Bulk,

Ocean Yield has agreed to the sale of its dry bulk vessel SBI Libra.

SBI Libra is an ultramax dry bulk vessel built in 2017 and employed on a long-term charter to Scorpio Bulkers Inc.

Scorpio Bulkers Inc. has declared an option to sell SBI Libra to an unrelated third party. Ocean Yield ASA will receive proceeds of approximately US$20 million and record a small book profit from the sale.

Delivery of the vessel is expected to take place during 1Q21.

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Dry cargo shipping news