Scorpio Group does away with maligned fees
Management at the Scorpio group will no longer automatically collect one percent in fees for all vessels purchased or sold through Scorpio Bulkers and Scorpio Tankers. However, management can still collect fees through Bulkers if the share price exceeds USD 5.
BY NIKLAS KRIGSLUND
The Scorpio group will eliminate the much-maligned fees which management has been paying to itself in relation to the sale and purchase of vessels.
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