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>

<< Apr 2017 >>
MTWTFSS
27 28 29 30 31 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

Canada LNG Conference & Exhibition 2017

The 2017 conference will bring a re-invigorated program across three days focusing on technical innovation, domestic market opportunities…

read more >

Singapore Maritime Week 2017

Singapore Maritime Week (SMW) is the leading maritime event in Singapore. Driven by the Maritime and Port Authority of Singapore (MPA), SMW…

read more >

Breakbulk Europe 2017

For more than a decade, Breakbulk Europe has served as the networking hub for industry professionals who do business in Europe — or would like to! Exhibitors and sponsors include cargo owners, ocean carriers, freight forwarders, ports/terminals, heavy haulers, equipment companies and more that are involved in this specialized industry.

In addition to exceptional networking opportunities, Breakbulk Europe provides a dynamic conference, along with a range of educational and training workshops — intensive all-day classes held the day before the exhibition opens as well as many on-the-floor sessions.

  • Over 7,600 participants attended Breakbulk Europe 2016
  • Meet with over 400 exhibitors and sponsors
  • Hear from industry experts, including leading shippers, during the conference sessions
  • Learn new skills in the educational workshops held before the exhibition and on-the-floor micro-seminars and exhibitor-led sessions during the event

More info

read more >

Sea Asia 2017

Sea Asia, the premier maritime and offshore conference and exhibition in Asia is returning for the 6th edition on 25-27 April 2017 at the Marine Bay Sands® Singapore.

read more >