Scorpio Bulkers Adds Eight Newbuildings to Its Orderbook

Scorpio Bulkers Inc. announced today that it has entered into agreements for the purchase of six Kamsarmax dry bulk vessels and two Ultramax dry bulk vessels, as listed below:

Yard DWT Delivery
Shanghai Waigaoqiao Shipbuilding Co., Ltd

82,000

Q2-14
Shanghai Waigaoqiao Shipbuilding Co., Ltd

82,000

Q3-14
Jiangsu Yangzijiang Shipbuilding Co., Ltd

82,000

Q3-15
Jiangsu Yangzijiang Shipbuilding Co., Ltd

82,000

Q3-15
Jiangsu Yangzijiang Shipbuilding Co., Ltd

82,000

Q4-15
Jiangsu Yangzijiang Shipbuilding Co., Ltd

82,000

Q1-16
Mitsui Engineering & Shipbuilding Co., Ltd 60,200 Q3-16
Mitsui Engineering & Shipbuilding Co., Ltd 60,200 Q3-16

The total purchase price for the vessels is approximately $242 million.

Scorpio Bulkers, December 3, 2013

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