Scorpio Bulkers divests another newbuilding

Scorpio Bulkers is now divesting yet another of the carrier's many newbuildings. The company has now sold seven ships within a week.

Photo: Presse

US-based Scorpio Bulkers is working to improve the carrier's liquidity and is thus divesting several newbuilding contracts. on Friday the company announced in a statement to the New York Stock Exchange that it had made a deal to sell a Kamsarmax newbuilding for around USD 30.7 million. The ship is under construction at Tsuneishi Group (Zhoushan) Shipbuilding Inc and is expected delivered in the 3rd quarter next year.

This is the seventh dry bulk newbuilding Scorpio Bulkers has divested within a week. Last week the company announced the sale of six Capesize vessels to sister company Scorpio Tankers. These vessels will be converted into LR2 tankers. Four of these ships are under construction in South Korea while the remaining two are options. The ships cost USD 51 million apiece for Scorpio Tankers, said CEO Emanuele A. Lauro at a teleconference on Wednesday last week.

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