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Scorpio Bulkers chief executive Emanuele Lauro has accelerated the owner's exit from the dry trade with sale of seven units to Star Bulk Carriers of Greece. Photo: Kenny Hickey

Scorpio Bulkers sells seven vessels to Star Bulk Carriers as wind pivot intensifies

Petros Pappas-led consolidator Star Bulk will assume $102.3m in lease obligations and pay 3m shares

2 February 2021 14:46 GMT Updated 3 February 2021 7:19 GMT

By Joe Brady

Scorpio Bulkers has accelerated its push out of dry cargo with sale of seven ultramax vessels to leading sector consolidator Star Bulk

Finance

Scorpio Bulkers sells seven vessels to Star Bulk Carriers as wind pivot intensifies