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Scorpio Bulkers trims losses as rates increase

US-listed dry bulk owner declares fifth quarterly dividend and $50m in share buybacks as vessel revenues rise to $177.3m in the first nine months of 2018, from $111.1m in the same period last year. With nearly half the fleet fixed to higher rates, the company is feeling good about the fourth quarter

The company posted $5.3m in adjusted net losses in 2018, compared with $40.5m in the first nine months of 2017

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