Scorpio Bulkers in USD 510 million net loss for 2015

The struggling dry bulk behemoth shut the door on 2015 with a net loss of USD 510.7 million. The carrier has secured renegotiated conditions with lenders to reduce payments, and newbuilding deliveries have been pushed back.

Photo: Scorpio Bulkers

Dry bulk giant Scorpio Bulkers, renowned for its aggressive expansion efforts and massive fleet of eco-design newbuildings, exits 2015 with a net deficit of USD 510.7 million, including large-scale asset impairments, compared to a deficit of USD 116.5 million in 2014, according to the company's annual report 2015, published Monday.

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