Scorpio Bulkers to Purchase Five Vessels for USD 157 Million

Business & Finance

December 6, 2013

Scorpio Bulkers Inc. announced yesterday that it has entered into agreements to purchase five Kamsarmax dry bulk vessels currently under construction as listed below:

Yard	DWT	Delivery
Hudong-Zhonghua Shipbuilding (Group) CO., LTD.	82,000	Q3-15
Hudong-Zhonghua Shipbuilding (Group) CO., LTD.	82,000	Q3-15
Hudong-Zhonghua Shipbuilding (Group) CO., LTD.	82,000	Q4-15
Hudong-Zhonghua Shipbuilding (Group) CO., LTD.	82,000	Q1-16
Hudong-Zhonghua Shipbuilding (Group) CO., LTD.	82,000	Q1-16

The total purchase price for the vessels is approximately $157 million.

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Scorpio Bulkers, December 6, 2013