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Sale and Purchase
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Latest From Sale and Purchase
This is the US-listed company’s eighth vessel sale since the end of September as it transitions to the offshore wind sector in which it sees opportunities. The sales are raising questions about whether Scorpio Bulkers will continue to operate in the dry bulk segment in months to come
Safe Bulkers expects the kamsarmax to be delivered from its Japanese yard in the first half of 2022, while Scorpio Bulkers should deliver the ultramax to its new owner this quarter
Bank lenders involved in the vessels are expected to back the VLCC sales to stave off a liquidity crunch likely to hurt Xihe Holdings’ fleet value. With cash running out fast, urgent measures to bring in cashflow will be welcomed
The company will sell the 2016-built ultramax SBI Hera for $18.5m, bringing the total number of vessel disposals to six in the space of just under three weeks
The two ultramaxes, which were built in 2017, were sold for $34m, and will be delivered this quarter, Scorpio Bulkers says
Norden bought the 2011-built product tanker expecting a strong 2020, but the floating storage boom meant the upturn was shorter and steeper than expected
Hermitage raised $80m from creditors for its 10 platform supply vessels, while Tidewater subsidiary VTG Ships bid $5.3m for its 11 crew boats. The PSV proceeds will go towards paying down debt with no cash consideration for the company
Globus Maritime has agreed to acquire a kamsarmax — believed to be another sale by Scorpio Bulkers — in the Greek owner’s first fleet addition for several years
During the past week, Castor Maritime picked up a panamax and Scorpio Bulkers offloaded a second kamsarmax
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