US-based dry bulk shipping company Scorpio Bulkers, headed by Robert Bugbee, makes its exit from the dry bulk market with a large million dollar deficit in the books.
The third quarter of this year ended with a deficit totaling USD 36.6 million for Scorpio Bulkers, shows the shipping line's interim report Tuesday. This result is a significant setback compared to the third quarter last year, when the company's deficit came to a mere USD 1.9 million.
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