Scorpio Bulkers Disposes of Kamsarmax Duo

Image Courtesy: Scorpio Bulkers

NYSE-listed dry bulk owner and operator Scorpio Bulkers has entered into agreements to sell its two 2014-built Kamsarmax vessels SBI Cakewalk and SBI Charleston.

Under the deal reached with unaffiliated third parties, the ships will be sold 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.

According to data provided by VesselsValue, SBI Cakewalk has a market value of USD 22.1 million, while SBI Charleston’s market value stands at USD 22.3 million.

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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