Deutsche Bank: Bulk carriers face further decline

Deutsche Bank expects a significant decline among dry bulk shares after a Scorpio Bulk announcement that the carrier plans to issue shares for the third time since the struggling carrier's IPO on the New York Stock Exchange.

BY OLE ANDERSEN

Scorpio Bulkers plans to issue shares for the third time since its IPO in 2013 in an effort to raise USD 77 million in fresh capital, informed the struggling dry bulk carrier in a press release after the New York stock exchange closed Wednesday.

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