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Scorpio Bulkers sells more ships

Dry bulk shipping company Scorpio Bulkers sells two ultramax bulk vessels for nearly USD 40 million. The money will be spent on, among other things, paying off debts.

Scorpio installs more scrubbers

Shipping group Scorpio orders even more scrubber systems for its dry bulk and tanker vessels. The new order comes on top of the 80 systems ordered last year, and are slated for installation in 2020.

Chief execs confident in dry bulk recovery

After a miserable start to the year, the Baltic Dry Index soared to the highest level so far in 2019 this past month. But according to prominent dry bulk chiefs Robert Bugbee, Hamish Norton and Polys Hajioannou, the recovery has only just begun.

Scorpio Bulkers starts 2019 with yet another deficit

The first quarter of 2019 ended with another deficit for dry bulk company Scorpio Bulkers, although the deficit was slightly smaller than the deficit from the first three months of 2018, shows the company's interim report.

Scorpio Bulkers sells six vessels

Dry bulk operator Scorpio Bulkers has made a new sale and lease back agreement. This time, six vessels are sold off to be chartered back again.

Scorpio Bulkers sells vessels again

Scorpio Bulkers has once again sold vessels with two new sale and lease back agreements. This time the sale concerns two Ultramax vessels. The company sold nine vessels less than a month ago.

Dry bulk carriers still believe in 2019 upturn

Although 2019 got off to a rocky start, in part due to January's dam catastrophe in Brazil, several prominent dry bulk shipping companies maintain their belief that the market will improve in the second half of 2019 and in 2020.

Impairment drags Nordic American Offshore into the red

Scorpio-controlled offshore ship operator Nordic American Offshore exits 2018 with a deficit of nearly USD 200 million following a massive impairment. However, CEO Emanuele Lauro points to growing activity in the North Sea.

Scorpio Tankers' deficit grew in 2018

Scorpio Tankers saw its net deficit grow in 2018 in a dire product tanker market, though the fourth quarter brought "a dramatic improvement in the product tanker market," says the company.

Did the tanker recovery finally begin in late 2018?

Are the surging tanker markets in recent weeks the de facto proof that the optimists were right and that the much-anticipated recovery emerged in 2018? Yes, says Scorpio Tankers, while major competitor Maersk Tankers says: No.

Scorpio says new offshore investment is first of several

Scorpio Group, mostly known for its two shipping companies, has with its acquisition of Nordic American Offshore taken a definitive step into the North Sea. And there could be more in store. "Things are developing very quickly," President Emanuele Lauro tells ShippingWatch.

Hafnia and BW Tankers merger in place within one month

One of the world's largest product tanker carriers will soon see the light of day. According to several sources speaking to ShippingWatch, the merger between Hafnia and BW Tankers is expected to be secured within the next few weeks.

Scorpio Tankers' deficit grew in the third quarter

The US-based product tanker shipping company has lost more than USD 170 million so far this year after a third quarter that alone brought a net deficit of USD 71.7 million. Management again points to "adverse market conditions."

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