Monaco’s Scorpio Bulkers has announced another sale, this time for the 2015-built ultramax bulker SBI Gemini.

The Chinese-built bulker, originally acquired from John Fredriksen’s Golden Ocean Group, was sold for a price of $16m. VesselsValue places a market value of $15.26m on the bulker.

Delivery is scheduled for the first quarter of 2021, and the sale comes a couple of days after Scorpio sold four ultramaxes to Hong Kong’s Pacific Basin.

Since announcing plans to move into the offshore wind sector in August, Scorpio has sold 18 bulkers and is down to a fleet of just 31 vessels.