Scorpio Bulkers saw its shares pop at the end of a week that saw global shipping equities rise along with wider stock markets.

Scorpio’s shares, which trade under ticker symbol SALT, jumped 18% today to close at $2.36 on the New York Stock Exchange, though it had rocketed far higher earlier in the day.

Scorpio group chief executive Emanuele Lauro

The jump came after reports today that the Emanuele Lauro-led bulker owner is in advanced talksto sell its entire fleet to Greek shipowner John Angelicoussis.

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