Skip to main content

Scorpio Bulkers Inc. announces the sale of two Ultramax vessels for US$37.9 million

Published by , Editorial Assistant
Dry Bulk,


Scorpio Bulkers Inc. has announced that the company has entered into agreements with an unaffiliated third party to sell the SBI Puma and SBI Cougar, 2014 and 2015 built Ultramax vessels, respectively, for approximately US$37.9 million in aggregate, generating US16.0 million of additional liquidity.

As of 30 June 2019, these vessels were classified as held for sale, with delivery of the vessels to the buyer estimated to take place within October 2019. The company recorded a loss of approximately US$4.9 million in the second quarter of 2019 and expects to write-off deferred financing costs of US$0.2 million upon closing of the sale and repayment of US$21.9 million of outstanding debt.

Read the article online at: https://www.drybulkmagazine.com/dry-bulk/24092019/scorpio-bulkers-inc-announces-the-sale-of-two-ultramax-vessels-for-us379-million/

You might also like

 EnviroTech

Ready to revolutionise the cement industry?

Join our sister publication, World Cement, in Lisbon, 10 – 13 March 2024, for their first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your early bird tickets NOW »

 

EU council responds to Red Sea shipping crisis

The EU Council has launched EUNAVFOR ASPIDES. The objective of this defensive maritime security operation was to restore and safeguard the freedom of navigation in the Red Sea and the Gulf.

 
 

Embed article link: (copy the HTML code below):