Scorpio Bulkers, Inc. (NYSE: SALT) (the "Company") announced that
Scorpio Services Holding Limited ("SSH") has purchased an aggregate of 620,465 common shares of the Company at the price of $3.75 per share in the open market since the Company's previous announcement on January 12, 2016. The Company currently has 28,713,505 common shares outstanding, of which SSH owns 2,874,832 or 10.01%.
About Scorpio Bulkers Inc.
Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Scorpio Bulkers Inc. currently owns 33 vessels, consisting of 14 Kamsarmax vessels and 19 Ultramax vessels. The Company also time charters-in three dry bulk vessels (consisting of one Supramax, one Panamax and one Kamsarmax vessels) and has contracted for 16 dry bulk vessels (consisting of seven Kamsarmax and nine 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 3.5 million deadweight tonnes. Additional information about the Company is available on the Company's website www.scorpiobulkers.com