Scorpio Bulkers insiders snapped up another $1.08m worth of the company's New York-listed shares.

Scorpio Services Holdings, a private company controlled by the Lolli-Ghetti family, raised its stake in the Monaco bulker owner to 18% with its latest buy.

The company paid $6.50 each for 150,000 Scorpio Bulkers shares.

Scorpio Bulkers also said today that president Robert Bugbee purchased 17,000 shares at $6.44