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Scorpio Bulkers (NYSE: SALT) announced that Scorpio Services Holding Limited acquired 155,000 common shares at an average price of $12.13. Currently, there are 12,386,880 shares outstanding, with SSH owning 22.63% of the total shares. Scorpio Bulkers operates a fleet of 54 vessels focused on marine transportation of dry bulk commodities and is investing in wind turbine installation vessels, planning to build one by 2023. This growth strategy aims to enhance its service offerings in the renewable energy sector.
On September 22, 2020, Scorpio Bulkers (NYSE: SALT) announced that Scorpio Services Holding Limited acquired 50,000 common shares at an average price of $12.04 each. SSH and its affiliates now hold 21.38% of the company's outstanding shares, totaling 2,647,751 shares from the 12,386,880 shares available. Scorpio Bulkers specializes in marine transportation of dry bulk commodities and is also investing in wind turbine installation vessels, with a fleet of 54 vessels and plans for future shipbuilding.
Scorpio Bulkers, Inc. (NYSE: SALT) announced that Scorpio Services Holding Limited purchased 50,000 common shares at an average price of $12.96 per share. This acquisition accounts for 21.66% of the total shares outstanding, which is 11,992,380. The company operates a fleet of 54 vessels, including 49 drybulk vessels, and is investing in wind turbine installation vessels. Scorpio has signed a letter of intent with Daewoo Shipbuilding for a new vessel to be delivered in 2023.
Scorpio Bulkers has announced that Scorpio Services Holding Limited acquired 50,000 common shares at an average price of $12.97. This purchase raises SSH's ownership to 2,547,751 shares, representing 21.24% of the company's total 11,992,380 outstanding shares. Scorpio Bulkers operates a fleet of 54 vessels focused on dry bulk transportation and is investing in wind turbine installation vessels, planning a contract with Daewoo for delivery in 2023. The company’s fleet has a total carrying capacity of approximately 3.4 million dwt.
Scorpio Bulkers (NYSE: SALT) reported that Scorpio Services Holding Limited (SSH), a related party, has acquired 100,000 common shares at an average price of $12.88. This purchase increases SSH’s ownership to 2,497,751 shares, representing 20.83% of the company’s total shares outstanding of 11,992,380. Scorpio Bulkers operates a fleet of 55 vessels and is expanding into the wind turbine installation market, with plans to build new vessels in collaboration with Daewoo Shipbuilding and Marine Engineering.
Scorpio Bulkers Inc. (NYSE: SALT) announced a major shift towards renewable energy with a Letter of Intent to construct a Wind Turbine Installation Vessel (WTIV), targeting a delivery date in 2023. This strategic decision aims to meet growing global demands for emission reduction and aligns with sustainable future goals. The project cost is estimated at $265-$290 million, with options for up to three additional units. The WTIV will enhance operational efficiency and support the expanding offshore wind market, projected to grow at over 15% CAGR for the next decade.
Scorpio Bulkers (NYSE: SALT) reported a GAAP net loss of $45.1 million ($5.73 per diluted share) for Q2 2020, a significant decline from a net income of $35.0 million in Q2 2019. Total vessel revenues decreased to $26.2 million, down from $50.7 million in the prior year. Adjusted EBITDA also fell to a loss of $20.6 million. The Company declared a quarterly dividend of $0.05 per share. Liquidity as of July 31, 2020, was approximately $132.4 million. Relatedly, the Company signed a non-binding LOI to purchase a Wind Turbine Installation Vessel for $265-290 million.
Scorpio Bulkers (NYSE: SALT) will announce its second quarter 2020 financial results on August 3, 2020, after market close. A conference call is scheduled for August 4, 2020, at 9:00 AM EDT to discuss these results, accessible via phone or a live webcast on the company’s website. Scorpio Bulkers operates a fleet of 55 vessels with a total carrying capacity of about 3.4 million dwt, focusing on dry bulk commodity transportation. The firm aims to leverage the safe harbor protections for forward-looking statements under the Private Securities Litigation Reform Act of 1995.
Scorpio Bulkers Inc. (NYSE: SALT) announced an upsized public offering of 4,100,000 common shares priced at $18.46 each, totaling approximately $75.7 million. Scorpio Services Holding Limited will acquire 950,000 shares at the offering price. Expected to close on June 12, 2020, the proceeds will be utilized for general corporate purposes. Underwriters have a 30-day option to purchase an additional 615,000 shares. Key financial partners include BofA Securities, BTIG, and Clarksons Platou Securities.
Scorpio Bulkers Inc. (NYSE: SALT) plans to offer $60 million in common stock through an underwritten public offering. The proceeds will be used for general corporate purposes. Scorpio Services Holding Limited has shown interest in purchasing at least $15 million worth of shares. Additionally, the underwriters will have a 30-day option to acquire up to $9 million in common shares. The company operates a fleet of 55 vessels with a total capacity of approximately 3.4 million deadweight tons.
