Dry CargoEurope

Scorpio Bulkers snaps up three ultramaxes from Greathorse

Emanuele Lauro’s Scorpio Bulkers continues to expand its ultramax fleet with the acquisition of three bulkers from China’s Greathorse International Ship Management.

According to a report by Clarkson, Scorpio Bulkers has acquired the 2014-built Tiger Anhui, 2014-built Tiger Shanghai and 2015-built Tiger Tianjin for a total price of $64.5m.

The deal follows Scorpio Bulkers’s acquisition of six ultramax bulkers from Golden Ocean in September.

Greathorse has been downsizing its ultramax fleet, having also offloaded four ultramax bulkers to Singapore’s Olam Group in August.

Scorpio Bulkers currently operates a young fleet of 46 bulkers, all built after 2015.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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