Scorpio Charters Five Bulk Carrier Vessels

MarineLink.com February 3, 2014

Scorpio Bulkers Inc. announced it has agreed to time charter-in five dry bulk vessels.

The chartered vessels will be the first to operate in the Scorpio Bulker fleet, while the company awaits 74 newbuild and purchased dry bulk vessels (28 Ultramax, 23 Kamsarmax and 23 Capesize) scheduled for delivery starting in the second quarter of 2014.

Thenewly announced terms, which include charter-in contracts charters ranging from five to 13 months, are summarized as follows:

A 2009-built Panamax for five to seven months at Company's option at $15,900 per day. The vessel was delivered on January 23, 2014.
A 2010-built Post-Panamax for eight to ten months at Company's option at $13,250 per day. The vessel is expected to be delivered by the end of February 2014.
A 2012-built Kamsarmax for twelve to fourteen months at Company's option at $15,000 per day. The vessel is expected to be delivered by the end of February 2014.
A 2012-built Kamsarmax for ten to twelve months at Company's option at $14,500 per day. The vessel is expected to be delivered by the end of February 2014.
A 2014-built Panamax for twelve to thirteen months at Company's option at $16,000 per day. The vessel is expected to be delivered by the end of March 2014.

scorpiobulkers.com