Scorpio Bulkers Resells Five More Newbuildings

Scorpio Bulkers Sells Five More Newbuildings

NYSE-listed dry bulk shipping company Scorpio Bulkers resold five more of its newbuildings currently under construction in China and Romania for a combined price of USD 236 million.

Scorpio Bulkers agreed to sell three Capesize dry bulkers and two LR2 product tanker newbuildings.

The Capesize vessels are currently being constructed in China, and have expected delivery dates between the first quarter of 2016 and the second quarter of 2016.

The LR2 product tankers are currently being constructed in Romania, and have expected delivery dates in the fourth quarter of 2016 and the first quarter of 2017.

Scorpio Bulkers has so far resold 16 of its previously ordered newbuildings.

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