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Read all the latest news about Scorpio. ShippingWatch gives you independent, credible, critical and fair news.

Scorpio Bulkers reports major deficit in first quarter

Dry bulk carrier Scorpio Bulkers books a deficit of almost USD 125 million for the first quarter, which is especially due to an investment in sister company Scorpio Tankers, of which Scorpio Bulkers most recently sold half its shares.

Scorpio Tankers postpones purchase and installation of 19 scrubbers

Scorpio Tankers will by 2021 at the earlierst buy and install scrubbers on 19 of its ships, according to the interim report. This comes at a time when developments in the oil price along with the coronavirus create higher rates for the tanker company, which also benefits from more ships in its fleet.

Scorpio Bulkers sells more ships

Ship operator Scorpio Bulkers announces a new sale of ships. This happens just a month after the company sold three ships to Ocean Yield on leasing arrangements.

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.

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