ShippingWatch

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.

Photo: Scorpio Bulkers

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.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs