Monaco’s Scorpio Bulkers continues to sell down its fleet, announcing the sale of the 2018-built Kamsarmax SBI Lynx for $22.25m.

The vessel was on long-term charter from Norway’s Ocean Yield, and Scorpio exercised its option to sell the vessel to an unnamed third party.

Delivery is scheduled by the end of March, and the sale reduces the Scorpio Bulkers fleet further as it moves to exit the dry bulk sector as part of a transition to offshore wind.