Scorpio Bulkers has recorded a smaller than forecast second quarter loss.
New York-listed Scorpio logged a $24.7m red figure for the period, compared with a $138.6m reversal in the same quarter of 2015.
Its loss per share of $0.48 was six cents better than analysts had projected.
Noah Parquette of JP Morgan says lower than expected costs led to the stronger than anticipated numbers.
Scorpio,
