Scorpio Bulkers is favouring acquisitions over the addition of time-chartered tonnage - but it is not keen on a return to the capesize market.

New York-listed Scorpio Bulkers resumed growth efforts this autumn with a swoop for six ultramaxes from Golden Ocean.

It also has a smaller chartered fleet. But given the way the market has risen this year president Robert Bugbee says the company could have been more aggressive in fixing-in ships.