The company has fixed five vessels for up to about a year – two panamax ships, one post-panamax and two kamsarmax units

The move into chartering was predicted last week when Justin Yagerman of Deutsche Bank published a note in which he said Scorpio Bulkers would refrain from ordering more vessels with delivery dates beyond the end of 2016 and use a recent dip in freight rates to fix ships on favourable terms.

Scorpio’s