Scorpio Bulkers Agrees Refinancing for Kamsarmax

FinancingIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license

Monaco-based dry bulk shipping company Scorpio Bulkers has reached a financing agreement with an unaffiliated third party related to one of its Kamsarmax vessels.

Under the deal, the company would dispose of a 2015-built Kamsarmax bulker SBI Samba for a consideration of USD 21.4 million.

The vessel would subsequently be leased back from the buyer through a five-year bareboat charter agreement at a rate of USD 6,850 per day.

Scorpio Bulkers said that the transaction also provides the company with the option to repurchase the vessel beginning on the third anniversary of the sale until the end of the bareboat charter contract.

“This transaction increases the company’s liquidity by approximately USD 6.9 million after repayment of the vessel’s existing loan,” Scorpio Bulkers concluded.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2020 >>
MTWTFSS
30 31 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

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >

MARITIME INDUSTRY 2020

The future of the maritime sector is the point of focus during Maritime Industry 2020.

read more >