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Scorpio Bulkers takes on seven new vessels

Scorpio Bulkers takes on seven new vessels

By Staff Writer - September 25, 2017

Photo: Nsandel
Photo: Nsandel

Monaco-based Scorpio Bulkers – one of the Principality’s biggest shipping concerns – announced on Monday, September 25, that it has entered into an agreement with an unaffiliated third party to acquire six Ultramax dry bulk vessels for $142.5 million, which will be funded by cash on hand, as well as existing and new debt facilities which are currently under discussion with its lenders.

All of the Ultramax vessels were built in China, of which three were delivered in 2015, one in 2016, and two in 2017.

Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities.  Scorpio Bulkers Inc., after the latest acquisition, will own 52 vessels, consisting of 18 Kamsarmax vessels and 34 Ultramax vessels. The company has also agreed to time charter-in one Ultramax vessel. The owned fleet will now have a total carrying capacity of approximately 3.6 million deadweight tonnes.


READ MOREScorpio Bulkers enjoys better results

Photo: Scorpio Bulkers
Photo: Scorpio Bulkers
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