10/06/2015at 12:06

Struggling Scorpio Bulkers seeks USD 200 million on NYSE

Robert Bugbee's dry bulk carrier Scorpio Bulkers is not only divesting newbuildings, but will now also attempt to raise USD 200 million on the New York Stock Exchange by selling shares. The funds will go to financing the comprehensive newbuilding program.

BY LOUISE VOGDRUP-SCHMIDT

Scorpio Bulkers' big newbuilding program requires extra funding, and the expansive US dry bulk carrier will now try to raise this money by putting a big portion of shares up for sale.

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