Scorpio Bulkers has started buying again scooping up six ultramaxes from Golden Ocean for $142.5m.

Did it surprise you to learn that global shipping confidence is at an all-time low, as fears of a global recession and Britain's vote to leave the EU pile pressure on an industry already suffering from its worst downturn? No? Well there was still a survey for that this week in case you needed to know.

Scorpio Bulkers has added five capesizes for $306m to its ever growing list of newbuildings and chartered-in seven vessels.