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Scorpio Bulkers (NYSE: SALT) announced that Scorpio Services Holding Limited has acquired 130,000 shares at an average price of $11.22. Following this purchase, SSH and its affiliates hold 24.08% of the 12,386,880 total shares outstanding. The company is transitioning its fleet, having sold two vessels and contracted to sell six more, expected to close in Q4 2020. After these transactions, Scorpio will operate a fleet of 46 vessels, including 41 dry bulk and 5 chartered vessels, with a total carrying capacity of approximately 2.8 million dwt.
Scorpio Bulkers (NYSE: SALT) reported a substantial net loss of $36.6 million ($3.12 per diluted share) for Q3 2020, a significant drop from a net loss of $1.9 million in Q3 2019. Total vessel revenues fell to $46.7 million, down from $63.2 million a year prior. Adjusted net loss was $17.0 million ($1.45 per diluted share). The Company declared a dividend of $0.05 per share, payable in December 2020. Additionally, it is transitioning towards offshore wind and has initiated vessel sales, with asset write-downs expected to reach approximately $45.2 million in Q4 2020.
Scorpio Bulkers has announced the sale of the SBI Hyperion, an Ultramax bulk carrier built in 2016, for approximately $17.5 million. This transaction is expected to close in the fourth quarter of 2020. Post-sales, Scorpio's fleet will consist of 46 vessels, including 41 owned or finance-leased drybulk vessels, with a total carrying capacity of 2.8 million dwt. The company is also pursuing a shipbuilding deal for a wind turbine installation vessel, showcasing its investment in next-generation marine technologies.
On October 21, 2020, Scorpio Bulkers (NYSE: SALT) announced the sale of its Ultramax bulk carrier, SBI Zeus, for approximately $18.5 million. The vessel, built in 2016, is expected to be delivered in the fourth quarter of 2020. Following this sale, Scorpio Bulkers will operate a fleet of 47 vessels, including 42 owned or finance-leased dry bulk vessels. Additionally, they plan to build a wind turbine installation vessel with Daewoo Shipbuilding, expected for delivery in 2023.
Scorpio Bulkers, Inc. (NYSE: SALT) will release its third quarter 2020 financial results on October 27, 2020, before the market opens. A conference call at 9:00 AM EDT will allow stakeholders to discuss these results. Participants can join via phone or through a live webcast on the company's website. Scorpio Bulkers operates a fleet of 48 vessels, including 43 dry bulk and five chartered Kamsarmax vessels, with a total carrying capacity of approximately 2.9 million dwt. They are also pursuing a new wind turbine installation vessel expected by 2023.
Scorpio Bulkers Inc. (NYSE: SALT) has announced the sale of the SBI Hera, an Ultramax bulk carrier, for approximately $18.5 million, with delivery expected in Q4 2020. After this transaction, the company will operate a fleet of 46 vessels, which includes 43 wholly-owned or finance leased dry bulk vessels and five chartered-in Kamsarmax vessels. The company is also moving towards renewable energy by planning to construct a wind turbine installation vessel, with a delivery expected in 2023.
Scorpio Bulkers (NYSE: SALT) announced agreements to sell two Ultramax bulk carriers, SBI Phoenix and SBI Samson, for approximately $34 million. The delivery is expected in Q4 2020. Following this sale, the company will operate 47 vessels, including 44 owned or finance leased dry bulk vessels and five time chartered-in Kamsarmax vessels. Scorpio is also pursuing a new shipbuilding contract for wind turbine installation vessels, indicating a strategic shift towards renewable energy capabilities.
Scorpio Bulkers announced the sale of the SBI Conga, a Kamsarmax vessel built in 2015, for $18.4 million. Delivery is expected in the fourth quarter of 2020. This transaction is part of the company's strategy to optimize its fleet. Following the sale of two vessels, Scorpio Bulkers will operate a fleet of 51 vessels, including 46 owned or finance-leased dry bulk vessels and five time-chartered Kamsarmax vessels. The company also aims to build a wind turbine installation vessel, expanding its service offerings.
Scorpio Bulkers (NYSE: SALT) has announced the sale of the SBI Sousta, a Kamsarmax vessel built in 2016, for approximately $18.5 million. The transaction will enhance liquidity by around $5.2 million and save the company $1.0 million in planned drydocking costs in Q4 2020. Following the sale of two vessels, Scorpio will operate a fleet of 52 vessels, including 47 owned or finance-leased drybulk vessels and five time-chartered Kamsarmax vessels.
Scorpio Bulkers, Inc. (NYSE: SALT) announced that Scorpio Services Holding Limited purchased 50,000 common shares at an average price of $12.92 each. This acquisition increases SSH's ownership to 2,852,751 shares, representing 23.03% of the total 12,386,880 outstanding shares. Scorpio Bulkers operates a fleet of 54 vessels, including 49 dry bulk vessels and five chartered vessels. The Company also plans to build a wind turbine installation vessel, with delivery expected in 2023, showing a commitment to diversifying its portfolio.
