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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.

Photo: Scorpio Bulkers

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.

The current orderbook stands at a total 62 newbuildings, with more than 40 scheduled for delivery in 2015, which meanwhile also looks set to bring a sustained and complete meltdown in the dry bulk industry.

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