Scorpio Bulkers (SALT) Reports Sale of Two Kamsarmax Vessels for $48M

Scorpio Bulkers Inc. entered into agreements to sell two Kamsarmax vessels for $48 million.
It also provided an update to Time Charter Equivalent (“TCE”) rates for the first quarter of 2019.
The Company entered into agreements with unaffiliated third parties to sell the SBI Electra and SBI Flamenco.
The Company’s liquidity will increase by approximately $18.6 million after the repayment of the Vessels’ outstanding debt.

On March 11, Scorpio Bulkers Inc. announced that the Company has entered...