Scorpio has already taken a number of measures including trimming its chartered fleet, selling some of its newbuildings, adjusting delivery dates and issuing stock to improve its position.
President Robert Bugbee explains selling vessels is a very effective way of boosting liquidity and that no stone would be left unturned with regards to financing.
Bugbee told the company’s fourth quarter conference call that negotiations with third parties were taking place for the sale of three capesize bulkers which were flipped to LR1 products tankers in February.
Pressed
