Ocean Yield has acquired two China-built ultramaxes from Scorpio Bulkers, which will be leased back to the Monaco-based company.
The 63,700-dwt bulk carriers SBI Libra and SBI Virgo (both built 2017) will be acquired for $42m enbloc, net of seller's credit, the companies said on Monday.
Both vessels will be placed on 11-year bareboat charters to the seller, during which time Scorpio Bulkers will have purchase options beginning at the end of the fourth year.
