Dry bulk shipping company Golden Ocean has entered into agreements to sell six Ultramax bulk carriers that were delivered in just the past two years so that it can focus on the Capesize and Panamax segments where the company says it has 'critical mass'. Golden Ocean announced the sale of the six vessels on Monday for $142.5 million to an unaffiliated third party identified … [Read more...]
Scorpio Bulkers To Sell Five Newbuilds
Related Book: The Shipping Man by Matthew McCleeryScorpio Bulkers announced today that it has entered into agreements to sell three Capesize newbuilding dry bulk vessels and two LR2 product tankers under construction for approximately $236 million in aggregate. The Capesize vessels are currently being constructed in China, and have expected delivery dates between … [Read more...]
Scorpio Bulkers Continues Newbuild Sell-off
New York-list Scorpio Bulkers has continued its sell-off of newbuild bulk carriers amid the worst dry bulk shipping market in decades. Scorpio Bulkers Inc. (NYSE: SALT) announced Monday that it has entered into agreements to sell two Capesize newbuilding dry bulk vessels and an Ultramax newbuilding dry bulk vessel for approximately $111 million in aggregate. The Capesize … [Read more...]
Scorpio Bulkers to Sell Seven Newbuildings
Scorpio Bulkers Inc. (NYSE: SALT) has confirmed that it has entered into agreements to sell a total of seven newbuildings as the severely deteriorated dry bulk shipping market continues to bite. Scorpio said it is selling three Capesize vessels, one Kamsarmax vessel and three LR1 product tankers for approximately $290 million in aggregate. The Capesize vessels are … [Read more...]
Scorpio Bulkers Continues to Scale Back Newbuilding Plan Amidst Dismal Dry Bulk Market
Following Scorpio Bulkers' announcement on Wednesday of their plan to build six LR2 product tankers in lieu of their planned Capesize bulk carriers, the company announced today it has entered into an agreement to sell one of their Kamsarmax bulk carrier newbuilds for approximately $30.7 million. The vessel is currently being constructed at Tsuneishi Group (Zhoushan) … [Read more...]