The latest grab pushes the company's fleet to52  ahead of an IPO that seeks to raise $175m, likely before year's end.

Scorpio officials could not immediately be reached forcomment.

The reports make sense, however, in that Scorpio alreadyhas ordered six kamsarmaxes at Hudong as part of the initial fleet confirmed inits IPO prospectus.

Known by the ticker symbol SALT already in use on Oslo'sover the counter (OTC) exchange, the company led by Emanuele Lauro and RobertBugbee has flagged an intention to look for resales wherever possible to avoidadding further capacity to a warming bulker market.

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