Robert Bugbee sees Scorpio's abrupt dry bulk exit as the only right move
After CEO Robert Bugbee decided to get rid of Scorpio's large dry bulk fleet and invest billions in wind turbine installation vessels, bulk carriers have been swimming in large profits. Still, he maintains in an interview with ShippingWatch that the shift was the only right move.
There's probably little doubt that Scorpio would have benefited from the extraordinary upswing seen in the dry bulk industry throughout 2021, which most expect to continue in the current year.
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