Scorpio Bulkers on US$455-million Buying Spree

Scorpio Bulkers Inc.has entered into various agreements for the purchase of eleven Ultramax dry bulk vessels of 60,000 DWT to 64,000 DWT and four Kamsarmax dry bulk vessels of 81,000 DWT to 84,000 DWT from yards in Japan and China, as listed below:

(In order: Shipbuilder, Vessel dwt, delivery date)

1   Mitsui Engineering & Shipbuilding Co.,        60,200    Q2-16    
2   Mitsui Engineering & Shipbuilding Co.,        60,200    Q2-16    
3   Imabari Shipbuilding Co., Ltd                       61,000    Q2-15    
4   Imabari Shipbuilding Co., Ltd                       61,000    Q3-15    
5   Imabari Shipbuilding Co., Ltd                       61,000    Q4-15    
6   Imabari Shipbuilding Co., Ltd                       61,000    Q1-16    
7   Nantong COSCO KHI Ship Engineering Co. Ltd          61,000    Q2-16    
8   Nantong COSCO KHI Ship Engineering Co. Ltd          61,000    Q2-16    
9   Chengxi Shipyard Co. Ltd                             64,000    Q2-16    
10  Chengxi Shipyard Co. Ltd                            64,000    Q2-16    
11  Chengxi Shipyard Co. Ltd                            64,000    Q3-16    
12  Tsuneishi Group (Zhoushan) Shipbuilding Inc.        81,600    Q3-15    
13  Tsuneishi Group (Zhoushan) Shipbuilding Inc.        81,600    Q1-16    
14  Imabari Shipbuilding Co., Ltd                       84,000    Q1-15    
15  Imabari Shipbuilding Co., Ltd                       84,000    Q3-15    
 
Scorpio Bulkers is a newly established company, listed on the Norwegian OTC, focused on the ownership and operation of a fleet of modern mid-size dry bulk carriers.

The company is incorporated in the Republic of The Marshall Islands and has principal executive offices in Monaco and New York.