SBI Lynx Delivered to Ocean Yield

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.