Last €2.22 EUR
Change Today +0.121 / 5.76%
Volume 5.0K
SR4 On Other Exchanges
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As of 9:34 AM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

scorpio bulkers inc (SR4) Snapshot

Open
€2.22
Previous Close
€2.10
Day High
€2.22
Day Low
€2.22
52 Week High
04/2/14 - €7.36
52 Week Low
01/29/15 - €1.11
Market Cap
400.3M
Average Volume 10 Days
1.5K
EPS TTM
--
Shares Outstanding
180.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SCORPIO BULKERS INC (SR4)

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scorpio bulkers inc (SR4) Details

Scorpio Bulkers Inc., together with its subsidiaries, is engaged in the marine transportation of dry bulk commodities. The company has 19 time chartered-in dry bulk vessels comprising 1 Handymax, 1 Ultramax, 3 Supramax, 4 Panamax, 7 Kamsarmax, and 3 Post-Panamax vessels. Its fleet transports a range of major and minor bulk commodities, including ores, coal, grains, and fertilizers, along worldwide shipping routes. The company was founded in 2013 and is based in Monaco.

1 Employees
Last Reported Date: 04/2/14
Founded in 2013

scorpio bulkers inc (SR4) Top Compensated Officers

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Executives, Board Directors

scorpio bulkers inc (SR4) Key Developments

Scorpio Bulkers Inc. Announces Agreements to Modify Existing Shipbuilding Contracts for Three Capesize Vessels

Scorpio Bulkers Inc. announced that it has reached agreements with a shipyard in South Korea to modify existing new building contracts for three Capesize Vessels. The three contracts, two for vessels scheduled for delivery within the first quarter of 2016 and one for a vessel scheduled for delivery within the second quarter of 2016, will now provide for the construction of three LR1 product tankers, two of which will be scheduled for delivery within the second quarter of 2017 and one within the third quarter of 2017. As a result, the company will incur a loss of approximately $22 million relating to writing down the contracts to their estimated fair market value. Also, upon completion of customary documentation, the LR1 contracts will be re-classified on the balance sheet as assets held for sale. Should the contracts be sold for their current fair market value, the estimated future cash obligations of the company will be reduced by approximately $60 million. The company has no plans for any further contract conversions.

Scorpio Bulkers Inc. Announces Closing of Previously Announced Credit Facility

Scorpio Bulkers Inc. announced that it has closed a previously announced credit facility with a leading European financial institution. On January 30, 2015, the company closed a previously announced $42,000,000 credit facility with a leading European financial institution to finance a portion of the purchase price of two Kamsarmax vessels (of which one Kamsarmax vessel was recently delivered to the company from Imabari Shipbuilding Co. Ltd., Japan and one Kamsarmax vessel is under construction at Imabari Shipbuilding Co. Ltd., Japan). The facility may be drawn in two tranches, each of which has a final maturity six years from the date of the respective vessel delivery from the yard.

Scorpio Bulkers Inc. Announces Closing of its Two Previous Credit Facilities

Scorpio Bulkers Inc. announced that it has closed two previously announced credit facilities, taken delivery of three new building vessels, and agreed to time charter-out a Capesize new building that is currently under construction in China. On January 15, 2015, the company closed a previously announced $411,264,000 senior secured credit facility with a group of financial institutions to finance a portion of the purchase price of 12 Capesize vessels (of which the company has agreed to convert two Capesize vessels into the two LR2 product tankers that are held for sale) under construction at Sungdong Shipbuilding & Marine Engineering Co. Ltd. The facility matures six years, and in certain circumstances up to 12 years, from the delivery of the final vessel securing the facility. On December 30, 2014, the company closed a $408,976,447 senior secured credit facility arranged by two leading European financial institutions to finance a portion of the purchase price of 20 vessels (six Ultramax, nine Kamsarmax, and five Capesize vessels) with expected deliveries in 2015 and 2016. The facility was previously announced as a $540,000,000 loan, which has now been reduced to a size of $408,976,447 due to the removal of the financing on the four Capesize vessels that the Company has agreed to convert into four LR2 product tankers and sell to Scorpio Tankers Inc., a related party. The facility has a final maturity of six years from the date of signing.

 

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SR4 Competitors

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Company Last Change
Diana Containerships Inc $2.51 USD +0.02
Diana Shipping Inc $7.02 USD +0.09
Eagle Bulk Shipping Inc $10.93 USD -0.07
Navios Maritime Holdings Inc $4.42 USD +0.07
Safe Bulkers Inc $3.82 USD +0.03
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Industry Analysis

SR4

Industry Average

Valuation SR4 Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 10.9x
Price/Book 0.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 5.6x
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