Sbi News

Swedbank has signed the Poseidon Principles, a global framework for integrating climate considerations into lending decisions within ship financeThe Poseidon Principles provide a standardised methodology for data collection and reporting of emissions from banks’ shipping portfolios, with the overall ambition of supporting and facilitating the decarbonization of the shipping industry.The Poseidon Principles are consistent with the policies and ambitions of the IMO, including its…

SAFE Boats International (SBI) reports it signed a contract with the Royal Bahamas Defense Force (RBDF), adding another four 41-foot Interceptors to its current fleet of existing SAFE Boat vessels.This latest contract, signed January 11, is the result of collaborating efforts over the past three years between RBDF and SBI, the Pacific Northwest boatbuilder said. This contract is a fully funded, direct purchase by the RBDF to supply four vessels, trailers and support vehicles.Signing the contract for the Bahamian government was the Honorable Wayne Munroe…

Bremerton, Wash. boatbuilder SAFE Boats International (SBI) announced it is teaming up with U.K.-based electric powertrains provider Vita Power to develop a 100% electric, emissions-free patrol boat.Under a new memorandum of understanding to bring electrification to the patrol boat market, the partners have adapted one of SAFE Boats’ most proven hull designs - the 23’ Center Console - to be propelled by Vita Power’s V300 electric motor and battery package. Dubbed the “223e”, this concept provides a zero-emission solution for operators who are working long hours at lower speeds…

International marine fuels group Baseblue, created through the merger of three bunker players, aims to hone in on green shipping as part of the growing push to decarbonize the industry, executives said on Tuesday.Shipping, which transports around 90% of world trade and accounts for nearly 3% of the world's CO2 emissions, is under growing pressure from environmentalists to deliver more concrete action including a carbon levy.Baseblue, which will have offices in Greece, Argentina, Cyprus, Hong Kong, and the Netherlands, has been formed through an agreement between European companies BMS United B

My first visit in 2007 to the American Society of Naval Engineers’ (ASNE) Multi-Agency Craft Conference (MACC) was an eye-opener. Having built a naval architecture career with frigates, destroyers and other large naval and commercial ships, I was eager to learn of the smaller craft used by the U.S. Navy and other government and military bodies. As my flight into Norfolk, Va. descended over Chesapeake Bay, I gazed in amazement as a Landing Craft Air Cushion (LCAC) raced toward Virginia Beach, slowed, glided up the beach and into its shore base.

Offshore wind services company Eneti announced on Thursday it has entered into an agreement to acquire rival Seajacks, creating one of the world's largest, most capable fleets of wind turbine installation vessels (WTIV).Eneti said its deal with sellers Marubeni Corporation, INCJ, Ltd. and Mitsui O.S.K., Lines Ltd. will see it acquire 100% of Atlantis Investorco Limited, the parent of Seajacks International Limited, for consideration of approximately 8.13 million shares, $299 million of assumed net debt, $74 million of newly-issued redeemable notes, and $12 million of cash.

Dry bulk shipping firm Castor Maritime has struck a deal to buy a 2010 Korean-built Kamsarmax dry bulk carrier from an unaffiliated third-party for $14.8 million. It did not reveal the identity of the seller.The acquisition is expected to be consummated by taking delivery of the vessel sometime in the end of the first quarter or beginning of the second quarter of this year and is subject to the satisfaction of certain customary closing conditions. Castor Maritime said.Petros Panagiotidis…

Scorpio Bulkers has reached a deal to sell another Ultramax bulk carrier, making good on the company's plan to exit dry bulk shipping for a new focus in the offshore wind market.The shipowner said Thursday it has sold the 2016-built SBI Phoebe to an unnamed third-party buyer for approximately $17.65 million. The Liberian-flagged vessel is expected to be delivered to its new owner in the first quarter of 2021.The transaction is the latest in a string of bulk carrier sales since Scorpio announced in August that it would pivot away from dry bulk shipping toward a new role in the offshore wind services industry.Scorpio has recently sold eight bulk carriers and has contracted to sell 17 more, all of which are expected to close in the first half of 2021.

Scorpio Bulkers announced it has entered into an agreement to sell another Ultramax bulk carrier, its second this week, as the company continues its transition away from dry bulk shipping to focus on the offshore wind market.Scorpio said Wednesday the 2015-built SBI Orion was sold to an unaffiliated third-party buyer for approximately $16.1 million. Delivery of the vessel is expected to take place in the first quarter of 2021.Earlier this week, Scorpio sold the 2016-built SBI…

Scorpio Bulkers has sold off another vessel as the NYSE-listed shipowner shifts its focus to the offshore wind market. SBI Tethys was sold for $18.25 million and is expected to be handed over to its new owner in the first quarter of 2021, Scorpio announced Tuesday. The 2016-built Ultramax is the latest in a string of bulk carriers sold by Scorpio since the company announced in August that it planned to depart the dry bulk shipping business. The company has recently sold eight vessels and has contracted to sell 13 additional vessels, all of which are expected to close in the first half of 2021. Upon the completion of the announced vessel sales…

Scorpio Bulkers announced it has sold another bulk carrier, marking its seventh ship sale since revealing plans to pivot away from dry bulk shipping toward offshore wind services.The Monoco-based shipowner said on Thursday it reached a deal with an unnamed, unaffiliated third party to sell the 2016-built Ultramax SBI Zeus for approximately $18.5 million.Since September 28, Scorpio Bulkers has also sold SBI Hera, SBI Phoenix, SBI Samson, SBI Conga, SBI Sousta and SBI Rock. Upon delivery of the four Ultramax and three Kamsarmax bulkers to their respective owners in the fourth quarter of 2020, Scorpio Bulkers will have an operating fleet of 47 vessels consisting of 42 wholly-owned or finance leased drybulk vessels (including 13 Kamsarmax vessels and 29 Ultramax vessels)…

Scorpio Bulkers said on Thursday it has sold another Ultramax bulk carrier, the sixth ship to leave its fleet since the Monoco-based shipowner announced plans to pivot away from dry bulk shipping toward offshore wind services. The sale of the 2016-built SBI Hera to an unnamed unaffiliated third party for $18.5 million follows close on the heels of Wednesday's sale of the 2017-built Ultramaxes SBI Phoenix and SBI Samson for $34 million. Since September 28, Scorpio has also sold three Kamsarmax vessels, including the 2015-built SBI Conga for $18.4 million and 2016-built SBI Sousta and SBI Rock for $18.5 million and $18 million respectively.Following delivery of the six ships to their new owners in the fourth quarter…

Scorpio Bulkers, Inc. announced Wednesday that it has entered into agreements with an unaffiliated third party to sell two 2017-built Ultramax bulk carriers for approximately $34 million as the dry bulk shipping company continues its transition to offshore wind services.The ships, SBI Phoenix and SBI Samson, are expected to be handed over to the unnamed buyer in the fourth quarter, Scorpio said. Both vessels were built at China's Chengxi Shipyard.The bulk carriers are the fourth and fifth Scorpio has sold since its August announcement revealing plans to enter into a shipbuilding contract with South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) to build a wind turbine installation vessel for delivery in 2023, with options to build three further similar vessels.

Dry bulk shipping company Globus Maritime has agreed to buy a 2015-built Kamsarmax vessel built by the Hudong-Zhonghua Shipbuilding shipyard, for $18.4 million, the company said Monday.While the company did not say which vessel exactly it was buying, nor from whom, it is worth noting that just a few days prior, on Friday, October 9, Scorpio Bulkers announced the sale of the SBI Conga, "a Kamsarmax vessel built in 2015, for $18.4 million." Also, SBI Conga was built by Hudong Zhonghua, which corresponds to Globus Maritime's statement, too.Both Scorpio and Globus said in their separate statement that the delivery of the vessel was expected to take place in the fourth quarter of 2020…

Ocean Yield said it has taken delivery of the kamsarmax dry bulk vessel SBI Lynx which it purchased and is leasing back to Scorpio Bulkers on a 12-year bareboat charter.In February, Scorpio announced it agreed to sell and lease back SBI Lynx along with Ultramax vessels SBI Cronos and SBI Achilles to Ocean Yield for $62.8 million total.The Ultramax vessels were handed over to Ocean Yield in March. SBI Cronos will be on bareboat charter for nine years and SBI Achilles for of 10 years.Scorpio maintains several purchase options during the charter period and upon the expiration of each agreement.

The provider of marine transportation of dry bulk commodities Scorpio Bulkers has entered into agreements with unaffiliated third parties to sell two ultramaxes and one kamsarmax for about $53.5 million in aggregate.The vessels are the SBI Jaguar and SBI Taurus, 2014 and 2015 built Ultramax vessels, respectively, and the SBI Bolero, a 2015 built Kamsarmax vessel.None of the three vessels have been fitted with scrubbers, said a press release from the Monaco-headquartered firms said.Delivery of the vessels is expected to take place between March and May of 2020.It is estimated that Scorpio Bulkers' liquidity will increase by approximately $18.3 million after the repayment of outstanding debt.Upon the completion of the sale of the three vessels, Scorpio Bulkers Inc.

Oman Shipping Company (OSC), a member of the ASYAD Group, has announced the acquisition of two modern Ultramax Dry Bulk vessels, SBI Taurus and TR Omaha.The new ships due for delivery in April and May 2020 will join OSC’s fleet of over 50 world-class vessels including LNG Carriers, LPG Carriers, VLCCs, Tankers, VLOCs, Dry Cargo, and Container ships. These ships will be renamed to (JABAL SAMHAN & JABAL AL KAWR) once joined to reflect the greatness of Omani Mountains and its rich minerals.The announcement is in line with OSC’s business plan and will add to the Company’s Dry Cargo capacity meeting increasing customer demand and complementing the existing vessel portfolio to further contribute to the development of the local mining industry.

The provider of marine transportation of dry bulk commodities Scorpio Bulkers has agreed to sell and leaseback two Ultramax vessels (SBI Cronos and SBI Achilles) and one Kamsarmax vessel (SBI Lynx) to Ocean Yield ASA for a total financing consideration of $62.8 million.Upon completion, which is estimated to take place in the first quarter of 2020, the company’s liquidity is expected to increase by up to $33.6 million after the repayment of outstanding debt.The company will also be able to drawdown on an additional tranche of up to $4.5 million in aggregate for installation of exhaust gas cleaning systems (“scrubbers”) on the three vessels.As part of the agreements…

Monaco-headquartered Scorpio Bulkers completed the sale of the SBI Electra and SBI Flamenco last month.The provider of marine transportation for major bulks said in a press note that it agreed to sell the two 2015 Chinese built Kamsarmax vessels in March 2019, for approximately $48.0 million in aggregate.Scorpio recorded a loss of approximately $7.8 million, including the write-off of deferred financing costs, during the first half of 2019.During the second quarter of 2019, the shipping company's Board of Directors made the decision to sell two Ultramax vessels and as such these vessels were classified as held for sale at June 30, 2019.The…

Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers) has announced that 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, with delivery of the vessels to the buyer estimated to take place within October 2019. The company recorded a loss of approximately $4.9 million in the second quarter of 2019 and expects to write-off deferred financing costs of $0.2 million upon closing of the sale and repayment of $21.9 million of outstanding debt.

The international provider of marine transportation of dry bulk commodities Scorpio Bulkers has once again sold vessels with two new sale and lease back agreements.This time the sale concerns two Ultramax vessels - SBI Libra and SBI Virgo - to an unaffiliated third party.Upon completion, which is estimated to take place in the second quarter of 2019, the Company’s liquidity is expected to increase by up to $17.0 million in aggregate, comprising $14.0 million upon closing after the repayment of outstanding debt and an additional tranche of up to $3.0 million for installation of exhaust gas cleaning systems (scrubbers) on both vessels.As part of the agreements…

Norway-based ship owning company Ocean Yield ASA has taken delivery of two 2017-built Ultramax dry bulk vessels.The Ultramax ships  are "SBI Libra" and "SBI Virgo", both of which were built in 2017.Upon delivery, the vessels commenced 11 years' bareboat charter to Scorpio Bulkers Inc, said a press release.Ocean Yield has further committed to part finance the installation of scrubbers on both vessels, which is expected in early 2020.Ocean Yield ASA is a ship owning company with investments in vessels on long -term charters.Scorpio Bulkers is a leading international provider of marine transportation of dry bulk commodities that currently owns and operates a fleet of 57 modern dry bulk vessels, specifically Ultramax and Kamsarmax vessels.

Monaco-based dry bulk shipping company Scorpio Bulkers has agreed to sell and leaseback six Ultramax vessels to AVIC International Leasing.The dry bulk operator said in a press note that the six vessels are SBI Antares, SBI Bravo, SBI Hydra, SBI Leo, SBI Lyra and SBI Maia.Upon completion, which is estimated to take place in the second quarter of 2019, the Company’s liquidity is expected to increase by up to $62.4 million in aggregate, comprising up to $52.6 million upon closing after the repayment of outstanding debt and an additional tranche of up to $9.8 million for installation of exhaust gas cleaning systems (scrubbers) on the six vessels.As part of the agreements, the Company will bareboat charter-in the vessels for a period of eight years.