On a recent earnings call with analysts Bugbee talked up the prospects that SALT could sell some of its later bulker newbuildings and use the proceeds to buy up company shares to support the stock price.
If done, this would mirror a buy-back programme already in place at sister company Scorpio Tankers.
But Bugbee’s move to accumulate Scorpio Bulker shares himself is a little different, and is a powerful statement of his belief in the company.
