Scorpio Bulkers suffers new major deficit
The most prominent large-scale venture in the dry bulk industry, listed carrier Scorpio Bulkers, lost more than USD 190 million in the first six months of 2015.
by DANIEL LOGAN
The biggest financial venture in the dry bulk industry, Scorpio Bulkers, suffered an adjusted net deficit of USD 16.6 million in the second quarter. Add to this a USD 119.6 million impairment on vessels that have been up for sale, as well as a USD 2.4 million depreciation related to the financing costs of two credit facilities, according to Scorpio Bulkers' second quarter interim report, published Tuesday.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Deutsche Bank projects small recovery in dry bulk
For subscribers
Fearnley: Dry bulk asset values plummeting
For subscribers
Scorpio Bulkers takes precaution against hostile takeover
For subscribers
