• Nov. 25, 2015, 4:51 PM
    • Scorpio (NYSE:SALT) is selling two Capesize dry bulk vessels and four newbuilding Capesize dry bulk vessels under construction for $227M.
    • Two of the vessels were delivered to Scorpio this year. One is expected to be delivered in Q4, and three in Q1 2016.
    • SALT +2.4% after hours to $0.89. The dry bulk shipper had $274M in cash at the end of September, and $328M in bank loans, and $74M in senior notes.
    Nov. 25, 2015, 4:51 PM | 3 Comments