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Scorpio Bulkers snaps up three ultramaxes and a kamsarmax

Scorpio Bulkers snaps up three ultramaxes and a kamsarmax

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Emanuele Lauro’s Scorpio Bulkers has acquired four secondhand bulkers via two separate deals, splashing out $90m in the process.

Scorpio has added three ultramax vessels to its fleet, all built at China’s Chengxi Shipyard, two of them built in 2014 and the other 2015. As reported on Splash last week, it has also acquired a resale kamsarmax that is currently under construction at Jiangsu New Yangzijiang Shipbuilding and scheduled for delivery in the second quarter of 2018.

In total, Scorpio is paying $90m for the four vessels, made up of $77.1m cash and the remainder in the form of around 1.592m common shares being issued to one of the sellers.

 

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Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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