Scorpio Bulkers Inc. has reached an agreement with Daewoo Shipbuilding and Marine Engineering Co., Ltd. (DSME) to build three Capesize dry bulk vessels.
Daewoo Mangalia Heavy Industries S.A. in Romania, a subsidiary of DSME, will be responsible for the construction of the vessels.
Two vessels are scheduled for delivery in Q4-15 and one in Q1-16.
The total purchase price for the vessels is around $162 million.
Scorpio Bulkers so far contracted and agreed to purchase 26 “Ultramax”-size and 10 “Kamsarmax”-size newbuilding dry bulk vessels to be delivered starting from the first quarter of 2015 from shipyards in Japan and China.
Press Release, November 19, 2013