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Scorpio considers new bulk to tanker conversions

Scorpio Bulkers is looking into the possibilities of converting more of the company's contracts for major bulk vessels into other ship types, the carrier's CEO confirms to Lloyd's List.

Photo: Scorpio Bulkers

Scorpio Bulkers is examining the possibilities of converting "a number" of the New York-listed dry bulk carrier's existing orderbook of a total 22 major bulk vessels, Capesize, if the company can reach agreement with the yards, CEO Emanuele Lauro tells Lloyd's List in a comment on market rumors that Scorpio plans to reduce the company's exposure to the extremely low dry bulk market and to reduce its capital need.

According to Emanuele Lauro, this will not be a repeat of Scorpio's recent maneuver, in which Capesize contracts were converted into two LR2 product tankers and sold to sister company Scorpio Tankers.

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