Scorpio Bulkers Inc. Announces Newbuilding Agreements for
Eight Dry Bulk Vessels for an Aggregate of $242 Million

Monaco - December 3, 2013

Scorpio Bulkers Inc. (OSLO-OTC: SALT) (the "Company") announced today that it has entered into agreements for the purchase of six Kamsarmax dry bulk vessels and two Ultramax dry bulk vessels, as listed below:



The total purchase price for the vessels is approximately $242 million.

About Scorpio Bulkers Inc.
Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Scorpio Bulkers Inc. has contracted and agreed to purchase 28 Ultramax, 16 Kamsarmax and three Capesize newbuilding dry bulk vessels to be delivered starting from the second quarter of 2014 from shipyards in Japan, China and Romania.

Additional information about the Company is available at the Company's website www.scorpiobulkers.com, which is not a part of this press release.

Scorpio Bulkers Inc. press release