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Scorpio Bulkers cancels kamsarmax newbuilding

Scorpio Bulkers cancels kamsarmax newbuilding
Scorpio Bulkers has continued to cull its fleet expansion with the cancellation of a kamsarmax newbuilding.

The shipowner said it had reached agreement with as shipyard to cancel a kamsarmax newbuilding, which had been due for delivery this month.

Scorpio Bulkers has been released from all rights and obligations under the contract and will not have to pay the $19.3m final installment.

The company has fleet of 33 bulkers with a further 15 newbuildings on order.

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