Scorpio Bulkers Enters Charter-In Agreements for Five Vessels

Scorpio Bulkers Inc. has agreed to time charter-in five dry bulk vessels.

The terms of the time charter-in contracts are summarized as follows:

  1. A 2009 built Panamax for five to seven months at Company’s option at $15,900 per day. The vessel was delivered on January 23, 2014.
  2. A 2010 built Post-Panamax for eight to ten months at Company’s option at $13,250 per day. The vessel is expected to be delivered by the end of February 2014.
  3. A 2012 built Kamsarmax for twelve to fourteen months at Company’s option at $15,000 per day. The vessel is expected to be delivered by the end of February 2014.
  4. A 2012 built Kamsarmax for ten to twelve months at Company’s option at $14,500 per day. The vessel is expected to be delivered by the end of February 2014.
  5. A 2014 built Panamax for twelve to thirteen months at Company’s option at $16,000 per day. The vessel is expected to be delivered by the end of March 2014.

Scorpio Bulkers, February 4, 2014; Image: Wikimedia

 

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