Scorpio Bulkers launches sale of newbuildings

One of the most frequently discussed dry bulk carriers in recent years, Scorpio Bulkers, with a total orderbook of 62 ships, has launched a sale of newbuildings. A small step in the right direction, but insufficient, says Deutsche Bank's shipping analyst.

BY OLE ANDERSEN

Scorpio Bulkers, one of the most heavily discussed new carriers in the global dry bulk industry, has - according to unconfirmed but persistent rumors among brokers - taken steps toward restructuring its massive newbuilding fleet and to limit the company's capital commitments.

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Dry bulk meltdown could be a mere first warning
Scorpio Bulkers lost USD 72 million in three months
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Scorpio Bulkers launches sale of newbuildings

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Dry bulk meltdown could be a mere first warning

Scorpio Bulkers lost USD 72 million in three months

Analysts: This is the strongest dry bulk carrier

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Spot prices for container freight continue to rise

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

14 arrested at demonstration in front of Maersk headquarters

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Jobs