Scorpio bids farewell to bulkers with writedowns
Scorpio Bulkers, which announced in August it was moving to the offshore wind sector, has made a final decision to exit the dry bulk space. It has sold about half its fleet so far
The US-listed company will exit the dry bulk sector with the sale of its 25 remaining vessels in 2021. It expects to record a writedown of $475m-$500m on vessels sold and those held for sale
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