Scorpio Bulkers Inc. Announces Time Charter-Out Agreement

Monaco - December 13, 2016

Scorpio Bulkers Inc. (NYSE: SALT) (the "Company") announced today that it has entered into a time charter-out agreement for one Kamsarmax vessel.

Time Charter-Out Agreement



About Scorpio Bulkers Inc.
Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Scorpio Bulkers Inc. currently owns 42 vessels, consisting of 16 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 six dry bulk vessels consisting of four Kamsarmax and two Ultramax), from shipyards in 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