Scorpio Bulkers sells another Ocean Yield-financed ship
Monaco’s Scorpio Bulkers, soon to be renamed Eneti as it transitions to an offshore wind vessel owner, has sold another bulker this week.
Scorpio has sold the 2017-built ultramax SBI Libra, which has been on long-term charter from Ocean Yield, to an unnamed third party with delivery scheduled this quarter.
Scorpio says it has sold the vessel for $18.65m, while Ocean Yield says that Scorpio declared an option to sell the vessel netting the Norwegian company $20m. According to VesselsValue, the bulker has a fair market value of $17.95m.
Last week, Scorpio sold the 2018-built kamsarmax SBI Lynx which was also financed by Ocean Yield, for $22.25m.
Since announcing its move into offshore wind, Scorpio has been selling bulkers at speed and is working to complete the sell-off of its entire dry bulk fleet within the first quarter of this year.