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Scorpio Bulkers

Chaired by Emanuele Lauro, the dry bulk arm of Scorpio Group operated 57 vessels as of early August. The fleet is composed of ultramax and kamsarmax ships after Scorpio Bulkers exited the capesize segment. The company is incorporated in the Marshall Islands and its principal executive offices are based in Monaco and New York.

Recent performance

 



NASDAQ: SALT

Chairman & CEO: Emanuele A. Lauro
President: Robert Bugbee

View fleet data | View share price

Recent performance

Scorpio Bulkers reported a net profit of $800,000 in the second quarter, reversing a $13.4m loss seen in the period a year earlier, as vessel earnings almost doubled.

The company declared another quarterly dividend of $0.02 cents per share. It is its fourth dividend.

Total vessel revenues climbed to $60.6m versus $37.7m, the dry bulk owner said.

Breaking it down, its kamsarmax fleet earned $12,823 per day during the quarter, while its ultramax fleet generated $11,569 per day.

As of late July, the fleet had managed to secure $13,974 per day for kamsarmaxes and $10,963 per day for ultramaxes for third-quarter days.

Cash and cash equivalents amounted to $80.5m as of July 20, while debt was at $736m.

Latest From Scorpio Bulkers

Dry bulk ‘not out of the woods yet’

Speaking on an Arctic Securities webinar, Mr Bugbee said that he does not see the company stepping out to buy dry bulk fleets as it would not improve performance

Dry Bulk Scorpio Bulkers

Scorpio Bulkers says asset values now ‘at the bottom’

The company is more confident about an improving market and would like to keep its vessels in the spot market

Dry Bulk Sale and Purchase

38 Robert Bugbee and Emanuele Lauro, Scorpio Group

After evangelising about an 'eco-fleet' of tankers, the president and chief executive are now staking the group's profitability on 75 of its vessels being fitted with scrubbers

Top 100 People Dry Bulk

Scorpio Bulkers declares special stock dividend

Chairman and chief executive Emanuele Lauro said the special dividend was the appropriate step to take at this time

Dry Bulk International

Scorpio Bulkers reports second-quarter profit boost

Company’s president Robert Bugbee tells analysts that its net asset value is rising because the rates fixing currently will lead to ‘very positive cash flow’

Dry Bulk Scorpio Bulkers

Scorpio Bulkers announces sale and leaseback deal

The firm will sell six ultramax vessels that it will take back on eight-year bareboat charters

International Scorpio Bulkers
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