Scorpio Bulkers sells an Ultramax vessel

The ÔÇ£SBI PhoebeÔÇØ was sold for for approximately USD 17.65 million

Scorpio Bulkers announced on its website it has sold the 2016-built ÔÇ£SBI PhoebeÔÇØ to an unaffiliated third party for approximately USD 17.65 million. The vessel is expected to be delivered in the first quarter of 2021.

The company has announced its intention to leave the dry bulk sector during 2021 and recently sold eight of their vessels. They intend to sell the remaining 24 dry bulk vessels still this year and begin building a wind turbine installation vessel to be delivered in 2023.

Most of the vessels of its current fleet, wholly-owned or finance leased, are Kamsarmax type and Ultramax ones.