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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.

Deutsche Bank: The damage is done for Scorpio

Positive for investor sentiment that that Scorpio Group management does away with a controversial scheme for paying fees to itself, notes Fearnley. But to Deutsche Bank's shipping analyst, the case is a textbook example of how dire these things can develop.

Scorpio Group does away with maligned fees

Management at the Scorpio group will no longer automatically collect one percent in fees for all vessels purchased or sold through Scorpio Bulkers and Scorpio Tankers. However, management can still collect fees through Bulkers if the share price exceeds USD 5.

Scorpio Bulkers speaks openly of risk of shutdown

"We never thought we would find ourselves in this situation when we were buying ships in 2013 and 2014 at historically low levels," CEO Emanuele Lauro of Scorpio Bulkers tells the Wall Street Journal.

Nye børshug til Scorpio Bulkers

Aktien i verdens største tørlastrederi Scorpio Bulkers tog tirsdag et nyt dyk på godt 11 procent, mens markedet afventer bebudede initiativer fra ledelsen for at håndtere selskabets akutte vanskeligheder.

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