Robert Bugbee heralds Scorpio's full exit from dry bulk

CEO Robert Bugbee tells ShippingWatch that Scorpio Bulkers' recent vessel sales are part of a strategy that will entail a full exit from the dry bulk industry within a few months. Revenue will be directed towards a new wind venture.

Photo: Tomas Kristiansen

Scorpio Bulkers will cease to exist during the first months of 2021, if the plans presented to ShippingWatch by CEO Robert Bugbee unfold as expected.

Tomorrow, Tuesday, during a conference call, Bugbee will outline how he foresees a complete exit from the troubled segment, which the New York/Monaco-based shipping group has spent the past decade building and positioning as a prominent stakeholder in the global dry bulk industry.

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