Ben Nolan of Stifel notes Scorpio is paying an average of $61.2m for the five vessels at Daehan and Sungdong against the $55m for its earlier 23 capes.
Nolan says the price tag is a substantial step up in value but calculates the ships should generate over $9m in annual core operating profit based on rate assumptions of $34,000 daily for 2016..
TradeWinds first revealed a few weeks ago that Scorpio was set to add the resales to its stable.
