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Scorpio Bulkers reduces loss in improved market

Dry bulk carrier Scorpio Bulkers was not able to book a profit in 2017, but the loss on the bottom line was significantly reduced, shows the annual report from the Monaco-based carrier.

Photo: Scorpio Bulkers

As the first of the major bulk carriers, Scorpio Bulkers released its 2017 report this Monday. And it is clear that the past year was much better than 2016 which saw the lowest prices ever recorded.

However, it is also evident that it remained difficult to make money sailing with dry cargo in 2017.

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