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Scorpio Bulkers Inc (SALT.N)

SALT.N on New York Stock Exchange

8.10USD
19 Jan 2018
Change (% chg)

$0.25 (+3.18%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Scorpio Bulkers Announces A Commitment For A New Loan Facility And The Agreement To Modify A Contract To Acquire A Single Ultramax Vessel
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Scorpio Bulkers Inc ::SCORPIO BULKERS INC. ANNOUNCES A COMMITMENT FOR A NEW LOAN FACILITY AND THE AGREEMENT TO MODIFY A CONTRACT TO ACQUIRE A SINGLE ULTRAMAX VESSEL.SCORPIO BULKERS INC - ‍COMPANY HAS RECEIVED A COMMITMENT FROM A EUROPEAN FINANCIAL INSTITUTION FOR A LOAN FACILITY OF UP TO $38.7 MILLION​.SCORPIO BULKERS INC - ‍LOAN FACILITY TO BE USED TO FINANCE UP TO 60% OF MARKET VALUE OF 3 ULTRAMAX DRY BULK VESSELS CO HAS RECENTLY AGREED TO ACQUIRE​.SCORPIO BULKERS - AGREED TO MODIFY PREVIOUSLY ANNOUNCED CONTRACT WITH UNAFFILIATED THIRD PARTY TO ACQUIRE 2015 CHINESE BUILT ULTRAMAX DRY BULK VESSEL​.SCORPIO BULKERS INC - ‍WILL NOW INCLUDE IN TOTAL CONSIDERATION FOR 2015 CHINESE BUILT ULTRAMAX DRY BULK VESSEL ​910,802 COMMON SHARES OF CO.  Full Article

Scorpio Bulkers files for offering of upto ‍​1.6 mln common shares by the selling shareholder
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - Scorpio Bulkers Inc :Scorpio Bulkers Inc files for offering of upto ‍​1.6 million common shares by the selling shareholder - SEC Filing.  Full Article

Scorpio Bulkers to buy 3 Ultramax vessels, 1 Kamsarmax vessel
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Scorpio Bulkers Inc :Scorpio Bulkers Inc announces acquisition of three Ultramax vessels and one Kamsarmax vessel.Scorpio Bulkers - ‍entered 2 separate deals to acquire 3 ultramax dry bulk vessels,1 Kamsarmax dry bulk vessel for aggregate of $90 million​.Scorpio Bulkers - ‍cash component of vessel acquisitions will be funded by cash on hand, new debt facilities​.  Full Article

Scorpio bulkers Inc. announces termination of common share offering
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - Scorpio Bulkers Inc ::Scorpio Bulkers Inc. announces termination of common share offering.Scorpio Bulkers-‍determined not to proceed with previously announced offering of 10 million shares due to "unsatisfactory price" offered to company​.  Full Article

Scorpio Bulkers announces public offering of common shares
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Scorpio Bulkers Inc :Scorpio Bulkers Inc. Announces public offering of common shares.Scorpio Bulkers Inc - ‍intends to offer, issue and sell to public 10 million shares of its common stock, par value $0.01 per share​.  Full Article

Scorpio Bulkers announces Q3 GAAP loss per share $0.15
Monday, 23 Oct 2017 

Oct 23 (Reuters) - Scorpio Bulkers Inc :Scorpio Bulkers Inc. announces financial results for the third quarter of 2017 and initiates a quarterly dividend.Q3 GAAP loss per share $0.15.Q3 earnings per share view $-0.13 -- Thomson Reuters I/B/E/S.Scorpio Bulkers Inc - ‍Company's board of directors declared a quarterly cash dividend of $0.02 per share​.Scorpio Bulkers - ‍Board has authorized repurchase of up to $50.0 million of common stock in open market or privately negotiated transactions​.Scorpio Bulkers Inc - Qtrly ‍vessel revenue $38.6 million versus $23.9 million.  Full Article

Scorpio Bulkers announces the financing of a Kamsarmax vessel in Japan
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Scorpio Bulkers Inc ::Scorpio bulkers Inc. announces the financing of a Kamsarmax vessel in Japan.Scorpio Bulkers Inc - ‍entered financing transaction in respect of one of company's Kamsarmax vessels with unaffiliated third parties in Japan​.Scorpio bulkers - ‍as part of transaction, co will sell 2015 Japanese built Kamsarmax dry bulk vessel, SBI Rumba, for approximately $19.6 million​.Scorpio Bulkers Inc - ‍cost of financing is equivalent to an expected fixed interest rate of 4.24 pct for 10 years​.Scorpio Bulkers - ‍deal also provides co with options to repurchase vessel beginning on 5th anniversary of sale and until end of bareboat charter deal.  Full Article

SCORPIO BULKERS ANNOUNCES COMMITMENT FOR NEW LOAN FACILITY
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Scorpio Bulkers Inc ::SCORPIO BULKERS INC. ANNOUNCES A COMMITMENT FOR A NEW LOAN FACILITY.‍HAS RECEIVED COMMITMENT FOR LOAN FACILITY OF UP TO $85.5 MILLION FROM NORDEA BANK, SKANDINAVISKA ENSKILDA BANKEN.NEW ‍LOAN FACILITY WILL BE USED TO FINANCE UP TO 60% OF MARKET VALUE OF SIX ULTRAMAX VESSELS COMPANY HAS RECENTLY AGREED TO ACQUIRE​.‍LOAN FACILITY HAS A FINAL MATURITY DATE OF FEBRUARY 15, 2023​.  Full Article

Scorpio Bulkers Inc says to repurchase its 7.5% senior notes
Monday, 12 Dec 2016 

Scorpio Bulkers Inc : Authorized repurchase of up to $20.0 million of company's outstanding 7.5% senior notes due in 2019 . Two kamsarmax vessels are to be delivered between Q1 2017 and Q2 2017 and the price has been reduced by $4.9 million . Has reached agreements with a shipyard to reduce price to be paid under shipbuilding contracts of two kamsarmax vessels . Repurchase of 7.5% senior notes due 2019 will be funded by available cash . Repurchase authorization of 7.5% senior notes due 2019 has no expiration date .Scorpio Bulkers Inc. announces vessel price reductions and authority to repurchase its 7.5% senior notes.  Full Article

Scorpio Bulkers announces purchase of shares by co's president
Thursday, 13 Oct 2016 

Scorpio Bulkers Inc : Scorpio Bulkers Inc announces purchase of common shares by president of the company .Co's president purchased aggregate of 30,000 common shares of co at average price of $3.78 per share in open market.  Full Article

Shippers benefit as China laps up Brazilian iron ore

Dec 29 U.S. dry bulk shippers are set to post strong revenue growth in the next two years thanks to soaring Chinese demand for high-grade iron ore from Brazil and Australia.