ShippingWatch

Scorpio Bulkers takes new beating on the stock exchange

The share in Scorpio Bulkers, the world's biggest bulk carrier, took a new dive on Tuesday of around 11 percent while the market awaits announced initiatives from the carrier's management aimed at handling the company's acute difficulties.

Photo: Scorpio Bulkers

While shipping analysts are waiting for initiatives from the management behind the world's biggest dry bulk carrier, Scorpio Bulkers, concerning how the carrier plans to handle the delivery of more than 40 newbuildings in 2015 in an all-time low dry bulk market, the company's share took another dive on Tuesday of around 11.5 percent, to some USD 2 per share in a generally declining stock market.

Senior management, headed by Emanuele Lauro and Robert Bugbee, emphasized in relation to the publication of the annual report 2014 recently that it would assess various restructuring initiatives late in the 1st quarter 2015.

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