Scorpio Bulkers splurges $1.171 billion on newbuilds
Written by Nick Blenkey
Robert Bugbee is President of both Scorpio Bulkers and Scorpio Tankers
JANUARY 6, 2014 — Robert Bugbee led Scorpio Bulkers Inc. (NYSE: SALT) (OSLO-OTC: SALT) is continuing on its newbuilding binge. Today it announced today that it has entered into agreements worth a total of $1.171 billion for the purchase of twenty Capesize dry bulk vessels and two Kamsarmax dry bulk vessels.
Scorpio Bulkers has now contracted and agreed to purchase 28 Ultramax, 23 Kamsarmax and 23 Capesize newbuilding dry bulk vessels to be delivered starting from the second quarter of 2014 from shipyards in Japan, Korea, China and Romania. The fleet currently on order has a total carrying capacity of approximately 8 million deadweight tonnes.
Details of the latest orders are:
| YARD | DWT | Delivery | ||
| Shanghai Waigaoqiao Shipbuilding Co., Ltd | 180,000 | Q1-15 | ||
| Shanghai Waigaoqiao Shipbuilding Co., Ltd | 180,000 | Q2-15 | ||
| Shanghai Waigaoqiao Shipbuilding Co., Ltd | 180,000 | Q3-15 | ||
| Shanghai Waigaoqiao Shipbuilding Co., Ltd | 180,000 | Q4-15 | ||
| Shanghai Waigaoqiao Shipbuilding Co., Ltd | 180,000 | Q1-16 | ||
| Shanghai Waigaoqiao Shipbuilding Co., Ltd | 180,000 | Q2-16 | ||
| Shanghai Waigaoqiao Shipbuilding Co., Ltd | 180,000 | Q3-16 | ||
| Sungdong Shipbuilding & Marine Engineering Co., Ltd | 180,000 | Q2-15 | ||
| Sungdong Shipbuilding & Marine Engineering Co., Ltd | 180,000 | Q3-15 | ||
| Sungdong Shipbuilding & Marine Engineering Co., Ltd | 180,000 | Q3-15 | ||
| Sungdong Shipbuilding & Marine Engineering Co., Ltd | 180,000 | Q3-15 | ||
| Sungdong Shipbuilding & Marine Engineering Co., Ltd | 180,000 | Q4-15 | ||
| Sungdong Shipbuilding & Marine Engineering Co., Ltd | 180,000 | Q4-15 | ||
| Sungdong Shipbuilding & Marine Engineering Co., Ltd | 180,000 | Q1-16 | ||
| Sungdong Shipbuilding & Marine Engineering Co., Ltd | 180,000 | Q1-16 | ||
| Sungdong Shipbuilding & Marine Engineering Co., Ltd | 180,000 | Q2-16 | ||
| Sungdong Shipbuilding & Marine Engineering Co., Ltd | 180,000 | Q2-16 | ||
| Sungdong Shipbuilding & Marine Engineering Co., Ltd | 180,000 | Q2-16 | ||
| Daewoo Mangalia Heavy Industries S.A. | 180,000 | Q1-16 | ||
| Daewoo Mangalia Heavy Industries S.A. | 180,000 | Q2-16 | ||
| Hudong-Zhonghua (Group) Co., Ltd | 82,000 | Q1-16 | ||
| Hudong-Zhonghua (Group) Co., Ltd | 82,000 | Q2-16 |
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