Scorpio Bulkers entered into an agreement with an unaffiliated third party to sell the SBI Hyperion, an Ultramax bulk carrier built in 2016, for approximately $17.5 million. Delivery of the vessel is expected to take place in Q4/20.

Scorpio Bulkers is a provider of marine transportation of dry bulk commodities. The company has recently sold one vessel and has contracted to sell seven additional vessels, which are expected to close in Q4/20. Upon the completion of these vessel sales, Scorpio Bulkers will have an operating fleet of 46 vessels, consisting of 41 wholly-owned or finance-leased drybulk vessels (including 13 Kamsarmax vessels and 28 Ultramax vessels) and five time chartered-in Kamsarmax vessels.