Stake in sister company ensures profit for Scorpio Bulkers

An investment in a sister company helped secure a double-digit million-dollar profit for Scorpio Bulkers in the fourth quarter 2019. Conversely, a major impairment on four vessels put up for sale pulled figures downward.

by CHRISTIAN CARLSEN

Sister company Scorpio Tankers once again saves Scorpio Bulkers, according to the dry bulk shipping line's fourth quarter fiscal report, which was just published.

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Scorpio Bulkers benefits again from stake in sister carrier
Scorpio Bulkers sells more ships
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