The provider of marine transportation of dry bulk commodities Scorpio Bulkers has agreed to sell and leaseback two Ultramax vessels (SBI Cronos and SBI Achilles) and one Kamsarmax vessel (SBI Lynx) to Ocean Yield ASA for a total financing consideration of $62.8 million.Upon completion, which is estimated to take place in the first quarter of 2020
Ocean Yield said it has taken delivery of the kamsarmax dry bulk vessel SBI Lynx which it purchased and is leasing back to Scorpio Bulkers on a 12-year bareboat charter.In February, Scorpio announced it agreed to sell and lease back SBI Lynx along with Ultramax vessels SBI Cronos and SBI Achilles to Ocean Yield for $62.8 million total.The Ultramax vessels were handed over to Ocean Yield in March.
The provider of marine transportation of dry bulk commodities Scorpio Bulkers has entered into agreements with unaffiliated third parties to sell two ultramaxes and one kamsarmax for about $53.5 million in aggregate.The vessels are the SBI Jaguar and SBI Taurus, 2014 and 2015 built Ultramax vessels, respectively, and the SBI Bolero, a 2015 built Kamsarmax vessel.
Oman Shipping Company (OSC), a member of the ASYAD Group, has announced the acquisition of two modern Ultramax Dry Bulk vessels, SBI Taurus and TR Omaha.The new ships due for delivery in April and May 2020 will join OSC’s fleet of over 50 world-class vessels including LNG Carriers, LPG Carriers, VLCCs, Tankers, VLOCs, Dry Cargo, and Container ships.
Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers) has announced that the company has entered into agreements with an unaffiliated third party to sell the SBI Puma and SBI Cougar, 2014 and 2015 built Ultramax vessels, respectively, for approximately $37.9 million in aggregate, generating $16.0 million of additional liquidity.