Scorpio Bulkers Inc. Announces Time Charter-Out Agreements
MONACO--(Marketwired - November 21, 2016) - Scorpio Bulkers, Inc. (NYSE: SALT) (the "Company") announced today that it has entered into time charter-out agreements for two Ultramax vessels and one Kamsarmax vessel.
Time Charter-Out Agreements
Vessel | Type | Duration |
Earliest Redelivery Date |
Rate | ||||
SBI Leo | Ultramax | Min 5 - Max 7 months | 04/06/2017 | $9,000 | ||||
SBI Cakewalk | Kamsarmax | Min 5 - Max 8 months | 03/31/2017 | $9,000 | ||||
SBI Achilles | Ultramax | Min 6 - Max 8 months | 05/23/2017 | $11,000 |
About Scorpio Bulkers Inc.
Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Scorpio Bulkers Inc. currently owns 41 vessels, consisting of 15 Kamsarmax vessels and 26 Ultramax vessels. The Company also time charters-in two dry bulk vessels (consisting of one Panamax and one Kamsarmax vessel) and has contracted for seven dry bulk vessels consisting of five Kamsarmax vessels and two Ultramax vessels, from shipyards in China. Upon final delivery of all of the vessels the owned fleet is expected to have a total carrying capacity of approximately 3.4 million deadweight tonnes. Additional information about the Company is available on the Company's website www.scorpiobulkers.com, which is not a part of this press release.