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.

With the deficit in the past quarter, Scorpio Bulkers has lost a total of USD 190.7 million in the first six months of 2015, including impairments from divested assets and one-off financing costs.

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