Scorpio Bulkers Adds Eight Newbuildings to Its Orderbook

Business & Finance

December 3, 2013

Scorpio Bulkers Inc. announced today that it has entered into agreements for the purchase of six Kamsarmax dry bulk vessels and two Ultramax dry bulk vessels, as listed below:

Yard	DWT	Delivery
Shanghai Waigaoqiao Shipbuilding Co., Ltd	82,000	Q2-14
Shanghai Waigaoqiao Shipbuilding Co., Ltd	82,000	Q3-14
Jiangsu Yangzijiang Shipbuilding Co., Ltd	82,000	Q3-15
Jiangsu Yangzijiang Shipbuilding Co., Ltd	82,000	Q3-15
Jiangsu Yangzijiang Shipbuilding Co., Ltd	82,000	Q4-15
Jiangsu Yangzijiang Shipbuilding Co., Ltd	82,000	Q1-16
Mitsui Engineering & Shipbuilding Co., Ltd	60,200	Q3-16
Mitsui Engineering & Shipbuilding Co., Ltd	60,200	Q3-16

The total purchase price for the vessels is approximately $242 million.

Scorpio Bulkers, December 3, 2013