#bulkers

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Is there a new future for sailing cargo ships?

Today’s deep Ocean shipping is big business, and the world’s 6th largest emitter of greenhouse gases. If it were a country, it would produce more CO2 (Carbon dioxide)emissions per year than Germany, which is the 4th largest world economy after the United States, China, and Japan. In fact, the global maritime sector produces around 2.2% of the world’s greenhouse gas emissions, reports the…

Greece’s Scorpio Bulkers plans new $200m stock offer

ATHENS: NYSE-listed Scorpio Bulkers is planning a share offering in which it will sell $200m of its common stock to fund installment payments for its newbuilding programme.

The exact number of shares to be sold in the offering has not been disclosed, but would be roughly 100m shares based on the stock’s current share price. The company has 180.47m shares outstanding. Scorpio Bulkers’ stock began…

Scorpio Bulkers to sell capsize, LR2 tanker newbuildings for $236m

ATHENS: Scorpio Bulkers is to sell three capesize bulk carrier and two LR2 product tanker newbuildings for a total of around $236 million.

The name of the buyer has not yet been disclosed, nor has the per-vessel pricing of the sale. The capesize vessels are currently under construction at Shanghai Waigaoqiao Shipbuilding, China. In addition to these three vessels, Scorpio Bulkers still has 13…