Scorpio Bulkers, Inc. has entered into an agreement with an unaffiliated third party to sell the SBI Sousta, a 2016 built non-scrubber-fitted Kamsarmax vessel, for approximately $18.5 million. Delivery of the vessel is expected to take place in the fourth quarter of 2020.

The sale is expected to generate additional liquidity of approximately $5.2 million.  In addition, the company will save approximately $1.0 million in budgeted drydocking costs during the fourth quarter of 2020.

Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities, and is investing in the next generation of wind turbine installation vessels. Upon the completion of the announced sales of two vessels, Scorpio Bulkers Inc. will have an operating fleet of 52 vessels consisting of 47 wholly-owned or finance leased drybulk vessels (including 14 Kamsarmax vessels and 33 Ultramax vessels), and five time chartered-in Kamsarmax vessels. In addition to its dry bulk fleet, the Company has signed a letter of intent to enter into a shipbuilding contract with Daewoo Shipbuilding and Marine Engineering Inc. to build a wind turbine installation vessel to be delivered in 2023, with options to build three further similar vessels.

Meanwhile, Navios Maritime Holdings Inc. has sold the Navios Gem, a 2014-built Capesize vessel of 181,336 dwt, and the Navios Victory, a 2014-built Panamax vessel of 77,095 dwt, to Navios Maritime Partners L.P for a sale price of $51.0 million, subject to working capital adjustments.

Part of the sale proceeds were used for the prepayment of the $33.0 million outstanding bank debt of the two vessels.
The transaction was approved by the independent directors of the Board of Directors of Navios Holdings.

Following the sale, Navios Holdings controls a fleet of 49 vessels, of which 16 are Capesize vessels, 26 are Panamaxes, five are Ultra-Handymaxes and two are Handysizes.

PHOTO: A Wind Turbine Installation Vessel Scorpio Bulkers