New York-listed Scorpio says a European bank came up with the cash which will cover 55% of two kamsarmaxes.
The owner revealed the five year loan as it reported its results for the first quarter of 2014, which was unsurprisingly loss-making given the company’s operations are at an early stage.
Scorpio Bulkers, which was formed last year and today has 17 chartered ships and a giant orderbook, posted a loss of $10.7m
