Scorpio Bulkers Announces Sale of Its Ultramax Vessels for $37.9 Million

Scorpio Bulkers Inc. has signed an agreement to sell two of its 2014 and 2015 built Ultramax vessels, said a press release published on their website.

Sale of Ultramax vessels

The company has entered into agreements with an unaffiliated third party to sell the SBI Puma and SBI Cougar, 2014 and 2015 built Ultramax vessels, respectively, for approximately $37.9 million in aggregate, generating $16.0 million of additional liquidity.

As of June 30, 2019, these vessels were classified as held for sale,...

http://mfame.guru/scorpio-bulkers-announces-sale-of-its-ultramax-vessels-for-37-9-million/

Weekly Bulk Report – Week 37, 2019

The Baltic Briefing has issued its latest dry bulk market report. The report dated 13th September 2019 deals with the market scenario of capesize vessels, panamax, supramax, ultramax and other vessels for the 37th week of this year.

Capesize

Overall it was a negative week for the Capesize market, with many routes losing ground. A limited amount of timecharter appeared, with most activity seemingly centred on voyage basis. However, a 176,000dwt vessel was rumoured fixed delivery China,...

http://mfame.guru/weekly-bulk-report-week-37-2019/

Weekly Bulk Report – Week 36, 2019

The Baltic Briefing has released a report about the dry bulk market of the 36th week of shipping activities of this year. The report dated 6th September highlights the fate of the dry bulk market at the on-sight of the 36th week.

Capesize
  • The market reached new heights this week as the 5TC topped $38,014, a level not seen in the sector since 2013. Fridays 5TC closed down $732 to settle at $37,921.
  • While this week’s surge in rates was driven by a tightening of tonnage that is able to arrive...

http://mfame.guru/weekly-bulk-report-week-36-2019/

Weekly Bulk Report – Week 35, 2019

The Baltic Briefing has released a report about the dry bulk market of the 35th week of shipping activities of this year. The report dated 30th August highlights the fate of the dry bulk market at the on-sight of the 35th week.

Capesize
  • The market continued to firm all week, with the 5TC closing on Friday at $34,583, up to $4,146 for the week.
  • This marks a new high for the year and a remarkable lift from the lows of 3 April 2019, when it was a mere $3,540.
  • Over the week, signals had been...

http://mfame.guru/weekly-bulk-report-week-35-2019/

Weekly Bulk Report – Week 28, 2019

The Baltic Briefing has released a report about the dry bulk market of the 28th week of shipping activities of this year. The report dated 12th July highlights the plight of the dry bulk market at the on-sight of the 28th week.

Capesize
  • It was a Brazilian affair with a strong splash of bunkers characterizing the Capesize market over the past week.
  • Largely traded in European hours, ballaster tonnage was being secured for an ever-tightening window at the end of July.
  • The C3 opened the week at...

http://mfame.guru/weekly-bulk-report-week-28-2019/

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