Monaco-based shipping group Scorpio is going all-in on exhaust gas scrubbers in to order to comply with the IMO's 2020 sulphur cap. Both Scorpio Tankers and Scorpio Bulkers on Monday announced plans to install scrubbers on a combined 146 vessels, including all 56 bulk vessels in Scorpio Bulkers' fleet and 75 additional tankers Scorpio Tankers' fleet. Scorpio Tankers already … [Read more...]
Golden Ocean Sells Six Relatively New Ulramax’s to Scorpio Bulkers
Dry bulk shipping company Golden Ocean has entered into agreements to sell six Ultramax bulk carriers that were delivered in just the past two years so that it can focus on the Capesize and Panamax segments where the company says it has 'critical mass'. Golden Ocean announced the sale of the six vessels on Monday for $142.5 million to an unaffiliated third party identified … [Read more...]
Scorpio Bulkers To Sell Five Newbuilds
Related Book: The Shipping Man by Matthew McCleeryScorpio Bulkers announced today that it has entered into agreements to sell three Capesize newbuilding dry bulk vessels and two LR2 product tankers under construction for approximately $236 million in aggregate. The Capesize vessels are currently being constructed in China, and have expected delivery dates between … [Read more...]
Scorpio Bulkers Continues Newbuild Sell-off
New York-list Scorpio Bulkers has continued its sell-off of newbuild bulk carriers amid the worst dry bulk shipping market in decades. Scorpio Bulkers Inc. (NYSE: SALT) announced Monday that it has entered into agreements to sell two Capesize newbuilding dry bulk vessels and an Ultramax newbuilding dry bulk vessel for approximately $111 million in aggregate. The Capesize … [Read more...]
Scorpio Bulkers to Sell Seven Newbuildings
Scorpio Bulkers Inc. (NYSE: SALT) has confirmed that it has entered into agreements to sell a total of seven newbuildings as the severely deteriorated dry bulk shipping market continues to bite. Scorpio said it is selling three Capesize vessels, one Kamsarmax vessel and three LR1 product tankers for approximately $290 million in aggregate. The Capesize vessels are … [Read more...]