Scorpio Bulkers has entered into agreements to sell two China-built kamsarmax bulk carriers to an undisclosed buyer.

The 2015-built vessels SBI Electra and SBI Flamenco (both 82,000 dwt) are to be sold for a combined price of $48m and will be delivered to their buyer in the second quarter.

Scorpio estimates the sale will increase its liquidity by around $18.6m