Scorpio Bulkers divests more newbuildings

Robert Bugbee's dry bulk carrier Scorpio Bulkers is once again divesting a series of large bulk vessels in a move that includes freshly delivered ships as well as newbuildings, informs the company.

Photo: Scorpio Bulkers

No more than five months ago, dry bulk carrier Scorpio Bulkers divested a series of Capesize vessels from its orderbook. Now the carrier is at it again, and this time the move concerns a total of six Capesize vessels, two of which were delivered this year. The remaining four are under construction in China and Korea and are set for delivery in the fourth quarter this year and the first quarter 2016.

The transaction is worth around USD 227 million, informs Scorpio Bulkers in a brief statement. With the latest divestment, the carrier has sold a total of 22 newbuildings since February this year, and this looks to be part of the company's strategy aimed at raising capital to finance the many newbuildings that are still lined up waiting in the carrier's orderbook.

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