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Company s 52-week low was at $1.68 Price action over last quarter: Up 57.43% Company Profile Scorpio Bulkers Inc is a shipping company. It owns and operates a fleet of modern mid to large-size dry bulk carriers which provide marine transportation for major bulks, which include iron ore, coal and grain and minor bulks which include bauxite, fertilizers and steel products internationally. The company s operating segment includes Kamsarmax and Ultramax. It generates maximum revenue from the Ultramax segment. Ultramax segment includes vessels ranging from approximately 60,200 DWT to 64,000 DWT. The Kamsarmax segment includes vessels ranging from approximately 82,000 DWT to 84,000 DWT. ....
Scorpio Bulkers Inc announced today that the Company has entered into an agreement with an unaffiliated third party to sell the SBI Libra, an Ultramax bulk carrier built in 2017, for approximately $18.65 million. Delivery of the vessel is expected to take place in the first quarter of 2021. Source: Scorpio Bulkers Inc. ....
Scorpio Bulkers Inc. Announces the Sale of an Ultramax Vessel Scorpio Bulkers Inc. announced that the Company has entered into an agreement with an unaffiliated third party to sell the SBI Phoebe, an Ultramax bulk carrier built in 2016, for approximately $17.65 million. Delivery of the vessel is expected to take place in the first quarter of 2021. Scorpio Bulkers Inc., a provider of marine transportation of dry bulk commodities announced its intention to exit the dry bulk sector during 2021 and is investing in the next generation of wind turbine installation vessels. The Company has recently sold eight vessels and has contracted to sell seventeen additional vessels, all of which are expected to close in the first half of 2021. Scorpio Bulkers Inc. intends to sell its 24 remaining wholly-owned or finance leased drybulk vessels (including 7 Kamsarmax vessels and 17 Ultramax vessels) during 2021. The Company has signed a letter of intent to enter into a shipbuilding contract ....