Scorpio Bulkers Cuts Vessels’ Price, Pushes Deliveries

Image Courtesy: Scorpio Bulkers

NYSE-listed dry bulk owner and operator Scorpio Bulkers has reached agreements with shipyards to reduce the price to be paid under the shipbuilding contracts of four Kamsarmax vessels and two Ultramax vessels by an aggregate of USD 13 million.

The bulk carriers in question were scheduled for delivery between the third quarter and the fourth quarter of 2016, however, the company said that it postponed the deliveries of the six ships by approximately one to three months each.

These vessels, previously expected to be delivered between September 2016 and November 2016 will now be delivered between October 2016 and January 2017.

Scorpio Bulkers said that, pursuant to these delays, USD 59.1 million that was previously expected to be paid to shipyards during the fourth quarter of the year is now expected to be paid in the first quarter of 2017.

The company currently owns a fleet of 39 vessels, consisting of 14 Kamsarmax bulkers and 25 Ultramaxes.

Upon final delivery of all of the vessels the owned fleet is expected to have a total carrying capacity of around 3.4 million dwt, Scorpio Bulkers said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2017 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

CWC World LNG & Gas Series: Americas Summit

Now in its 15th year, the CWC World LNG & Gas Series: Americas Summit is the longest running LNG event in the Americas region.

Bringing together the key players in the LNG & gas value chain in both the Americas region and globally, this is the perfect place to make new contacts, do deals and get essential updates on the market.

This year we return to Houston, TX once again on 20-23 June 2017 – the heart of the energy industry, making it easier than ever to access they key players in your business.

More info

read more >

Nor-Shipping 2017

Nor-Shipping is the leading maritime event week. Their top-quality exhibition, high-level conferences and prime networking opportunities…

read more >

2ND ANNUAL PORTS AND TERMINALS INSURANCE SEMINAR

DETAILED GUIDANCE ON HOW THE INSURANCE MARKET IS CHANGING, HOW RISKS ARE ASSESSED AND WHAT…

read more >

2ND ANNUAL ADVANCED CHARTERING MASTERCLASS

The Advanced Chartering Masterclass will focus on the particularly difficult issues in charterparty agreements and our experts will help you find solutions…

read more >