With a giant newbuilding program for a total 74 ships, the new and extremely aggressive carrier Scorpio Bulkers must be confident that its timing is absolutely right. And the CEO of the New York-listed dry bulk carrier and sister company of equally aggressive tank carrier Scorpio Tankers is just that.
"We have seen improvements in dry bulk rates over the past year, particularly in the fourth quarter of 2013. We believe rates will increase over the next few years, and our fleet of 74 newbuilding dry bulk vessels are poised to be delivered into favorable rate environments. Also, in anticipation of an increase in rates, we have time chartered-in ten modern dry bulk vessels at favorable rates," says Emanuele Lauro, Chairman of the Board and CEO, in a brief to the stock exchange in relation to a new Scorpio Bulkers annual report published yesterday, Tuesday.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Sky-high gas prices put economic pressure on carriers with LNG-powered ships
The price difference on LNG and heavy fuel is historically high, adding pressure on carriers which have banked on LNG as a marine fuel, says analyst. CMA CGM and Hapag-Lloyd have chosen two different approaches with their dual-fuel fleets.
Stolt-Nielsen pushes on for consolidation – ups its stake in Odfjell
Stolt-Nielsen is still keen on consolidating with rival Odfjell and has acquired additional shares in the main competitor. Odfjell has so far declined the proposition.
Price of Maersk's new methanol ships drops
Maersk has just ordered six new methanol-powered container ships and now reveals that the added cost of building green ships compared to conventional ones is decreasing. Economies of scale, says equity analyst.
Port staff in Felixstowe working again – but wage conflict far from over
The wage dispute between employer and employees in UK port Felixstowe is far from resolved, and this could lead to new strikes in the country’s largest container port.
Esvagt pursues Taiwanese offshore wind
The Danish offshore service operator has located a possible partner on the island as a part of high hopes for the local offshore wind market. If successful, Esvagt could be ready to service wind at sea in the far east in a few years.
Vessel Manager 
IT Specialist 
Commercial Director - Europe 
Freight and Logistics Officer 
Fleet Manager 
Student Assistant for Program Management 
Experienced People & Culture Business Partner for the offshore wind industry 
Technical Superintendent