Scorpio Bulkers’ latest effort to bolster its balance sheet with asset sales has been met with applause on Wall Street.

Zodiac Maritime has snapped up six new capesizes from the New York-listed owner in a $227m deal.

Amit Mehrotra of Deutsche Bank said Scorpio Bulkers “provided a pre-Thanksgiving treat to investors by announcing the sale”.

“While the announcement doesn’t change the outlook significantly, in our view, it does have some positive implications which are likely to help shares in Friday’s session,” the analyst said in a report.

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