Scorpio Bulkers Announces Time Charter-Out Agreements

Scorpio-Bulkers

Scorpio Bulkers, Inc. announced that it has entered into time charter-out agreements for two Ultramax vessels and one Kamsarmax vessel.

Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities.

Scorpio Bulkers Inc. currently owns 41 vessels, consisting of 15 Kamsarmax vessels and 26 Ultramax vessels. The Company also time charters-in two dry bulk vessels (consisting of one Panamax and one Kamsarmax vessel) and has contracted for seven dry bulk vessels consisting of five Kamsarmax vessels and two Ultramax vessels, from shipyards in China. Upon final delivery of all of the vessels the owned fleet is expected to have a total carrying capacity of approximately 3.4 million deadweight tonnes.

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