A $142.5m transaction branded a win-win - on a day the Baltic Dry Index is pushing multi-year highs - could not prevent a fall in both Golden Ocean and Scorpio Bulkers’ shares today.

As TradeWinds reported this morning Scorpio swept up six of Golden Ocean’s eight ultramaxes in an all cash deal.

Shares in Golden Ocean traded down around 6% in Oslo today and slipped by a similar figure in early US trading with the paper last changing hands at $8.12