Scorpio Bulkers books USD 500 million write-down on vessel values
US-based Scorpio Bulkers, which is making its exit from the dry bulk market, takes a write-down of USD 500 million, as the company has put its remaining fleet up for sale. The carrier also terminates its ship management contracts and expects to announce a new name by Jan. 8, 2021, at the latest.
by DAG HOLMSTAD
It will cost Scorpio Bulkers an additional USD 510 million to change its strategy and make its exit from the dry bulk market to instead focus on renewable energy and the offshore wind market.
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