Scorpio Offloads Six New Bulkers

Owner and operator of bulk carriers Scorpio Bulkers Inc. has entered into agreements to sell two Capesize dry bulk vessels and four newbuilding Capesize dry bulk vessels under construction for approximately USD 227 million.

Two of the Capesize vessels were constructed in China and delivered to Scorpio in 2015, and the remaining four vessels are under construction.

The Capesize vessels are being built in China and Korea, and are expected to be delivered in the fourth quarter of 2015 and the first quarter of 2016, respectively.

As reported by World Maritime News, the company recently received a commitment from an unnamed European financial institution for a loan facility of up to USD 12.5 million for its final unfinanced vessel. With this move, Scorpio has now either signed credit facility agreements or received commitments for all 60 vessels in its fleet.

Scorpio currently owns 28 vessels, consisting of three Capesize, 10 Kamsarmax vessels and 15 Ultramax vessels with an average age of 0.4 years. The company also time charters-in ten dry bulk vessels and has contracted for 26 dry bulk vessels from shipyards in Japan, South Korea and China.

Upon final delivery of all of the vessels, the owned fleet is expected to have a total carrying capacity of approximately 4.4 million deadweight tonnes.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

The 5th CWC China LNG & Gas International Summit

Gain Access to Global LNG & Gas Decision Makers in China

Take a peek inside our 2019 Introductory Brochure and stay on top of this rapidly developing market.

See who is already working with us this year as Speakers, Sponsors and Partners – download your Preview Brochure today and meet them in Beijing on 15-16 October 2019.

As the world’s second largest LNG importer, China will remain the biggest contributor to global LNG demand growth in the foreseeable future. Network with global LNG & gas decision makers, buyers, NOCs and Government Officials at the industry’s leading international event in China.

More info

read more >

CEDA Dredging Days 2019

CEDA Dredging Days programme will follow its successful format of contributed peer-reviewed…

read more >

Offshore Wind Europe 2019

#OWEU19 is a meeting place for governments, developers and suppliers to grow the confidence in wind power. Perfect to grow your business by securing new customers, meeting officials and industry heads.

read more >