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Monaco - October 04, 2016 Scorpio Bulkers, Inc. (NYSE: SALT) (the "Company") announced today that the President of the Company, Robert Bugbee, has purchased an aggregate of 60,000 common shares of the Company at an average price of $3.60 per share in the open market. The Company currently has 75,305,118 common shares outstanding. About Scorpio Bulkers Inc. Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Scorpio Bulkers Inc. currently owns 40 vessels, consisting of 14 Kamsarmax vessels and 26 Ultramax vessels. The Company also time charters-in two dry bulk vessels (consisting of one Panamax and one Kamsarmax vessel) and has contracted for 8 dry bulk vessels consisting of six Kamsarmax and two Ultramax, from shipyards in Japan and China. Upon final delivery of all of the vessels the owned fleet is expected to have a total carrying capacity of approximately 3.4 million deadweight tonnes. Additional information about the Company is available on the Company's website www.scorpiobulkers.com, which is not a part of this press release. Scorpio Bulkers Inc. press release |
