Scorpio Bulkers announces the sale of a kamsarmax vessel

October 06 2020 Print This Article

Scorpio Bulkers, Inc. announced that the Company has entered into an agreement with an unaffiliated third party to sell the SBI Sousta, a 2016 built non-scrubber-fitted Kamsarmax vessel, for approximately $18.5 million.

Delivery of the vessel is expected to take place in the fourth quarter of 2020. The sale is expected to generate additional liquidity of approximately $5.2 million. 

In addition, the Company will save approximately $1.0 million in budgeted drydocking costs during the fourth quarter of 2020.