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Scorpio Bulkers books major deficit for the third quarter and initiates bulk exit

On the brink of its exit from the dry bulk market, Scorpio Bulkers books another large million dollar deficit, and the total 2020 losses now surpass USD 200 million. The aim of the new venture is to have up to eight wind turbine installation vessels.

Photo: PR / Marine Money/Marine Money

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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