Scorpio Bulkers Eyes USD 50 Mn Share Repurchase

Image Courtesy: Scorpio Bulkers

NYSE-listed dry bulk shipping company Scorpio Bulkers has received a nod from its Board of Directors to repurchase up to USD 50 million of its common stock.

The shares would be repurchased in open market or through privately negotiated transactions.

“The specific timing and amounts of the repurchases, will be in the sole discretion of management and may vary based on market conditions and other factors,” Scorpio Bulkers said, adding that it is not obligated under the terms of the program to repurchase any of its common stock.

The share repurchase authorization has no expiration date.

Scorpio Bulkers owns 46 vessels, consisting of 18 Kamsarmax and 26 Ultramax ships. The owned fleet will have a total carrying capacity of around 3.2 million deadweight tonnes.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2018 >>
MTWTFSS
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 1 2 3 4

Shipping 360

This course is ideal for those who have recently joined the maritime sector and those who need to have a better understanding…

read more >

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Shippax Ferry Conference 2018

The two-day onboard ferry conference was first organized in 2003 and grows ever more popular with some 400 delegates from over 40 ferry…

read more >

8th Dredging & Land Reclamation World Summit 2018

The 8th Dredging and Land Reclamation Summit 2018 will gather the decision makers from Authorities and Operators responsible for ports…

read more >