Scorpio Bulkers Charters Ultramax Ship

Illustration; Image Courtesy: Scorpio Bulkers

NYSE-listed dry bulk owner and operator Scorpio Bulkers has entered into an agreement with an unrelated third party to time charter-in one Ultramax vessel.

Under the deal, the vessel will be chartered for a period of two years at around USD 10,125 per day with an option to extend the agreement for one year at USD 10,885 per day.

The company did not unveil the details of the ship in question, however, it informed that the time charter is expected to commence prior to the end of October 2017.

Earlier in April, Scorpio Bulkers decided to sell its two 2014-built Kamsarmax vessels SBI Cakewalk and SBI Charleston to unaffiliated third parties for some USD 45 million in total.

Featuring 81,600 dwt, the ships, which were built by Chinese Jiangnan Shanghai Changxing Heavy Industries, were added to Scorpio Bulkers’ fleet in August and September 2014, respectively.

Following the completion of the sales, Scorpio Bulkers will own a fleet of 46 vessels, consisting of 18 Kamsarmax and 28 Ultramax ships, with a total carrying capacity of 3.2 million deadweight tonnes.

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