• 2018 October 5 16:40

    Scorpio Bulkers announces a commitment for a new loan facility

    Scorpio Bulkers Inc. has received a commitment from Nordea Bank Abp, acting through its New York branch, and DVB Bank SE for a loan facility of up to $90.0 million. The loan facility will be used to finance up to 60% of the fair market value of six Ultramax dry bulk vessels (SBI Orion, SBI Hyperion, SBI Tethys, SBI Hercules, SBI Samson and SBI Phoenix).

    The loan facility has a final maturity date of five years from signing date and bears interest at LIBOR plus a margin of 2.35% per annum. This loan facility, which is expected to close within October 2018, would increase the Company’s liquidity by approximately $28.0 million after repayment of the vessels’ existing debt. The terms and conditions are similar to those set forth in the Company's existing credit facilities and the loan facility is subject to customary conditions precedent and the execution of definitive documentation.

    About Scorpio Bulkers Inc.

    Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Scorpio Bulkers Inc. has an operating fleet of 57 vessels consisting of 56 wholly-owned or finance leased drybulk vessels (including 19 Kamsarmax vessels and 37 Ultramax vessels), and one time chartered-in Ultramax vessel. The Company’s owned and finance leased fleet has a total carrying capacity of approximately 3.9 million dwt and all of the Company’s owned vessels have carrying capacities of greater than 60,000 dwt.




2019 December 5

18:05 ABS, MAN & SDARI join forces to develop ammonia-fueled feeder vessel
17:46 Throughput of Rostov-on-Don port in 11M’19 fell by 7% Y-o-Y to 21.1 million tonnes
17:21 Extraordinary general shareholders meeting of LUKOIL approves interim dividend
17:05 NORDEN enters new biofuel collaboration with Kvasir Technologies
16:28 Cargo traffic on Northern Sea Route can grow to 160 million tonnes by 2035 – Aleksandr Krutikov
16:05 ABS and CATL sign battery research agreement
15:54 Port of HaminaKotka published its statistics for November 2019
15:30 Ministry for Development of Russian Far East and Arctic expects special economic regime to come into force in Arctic in 2020
15:03 DNV GL and Huangpu-Wenchong sign JDP on 5,000 TEU LNG dual-fuel containership
14:49 Global project launched to tackle plastic litter from ships and fisheries
14:33 IMO Assembly approved renewal of Kitack Lim’s appointment as secretary-general of UN body
14:06 Torqeedo powers all-electric harbour water clean-up boat
13:06 YILPORT Puerto Bolívar now operates with four mobile harbor cranes
12:44 Bunker prices increase at the Far East ports of Russia (graph)
12:25 Norfolk, Virginia to host Port & Terminal Technology USA on 21-22 April 2020
12:17 MABUX: Bunker market this morning, Dec 05
12:08 Inmarsat launches Fleet LTE service in the North Sea
11:50 Forum «Arctic: Today and the Future» kicked off in Saint-Petersburg
11:29 “K” Line completes additional development (Phase-2) of “Kawasaki Integrated Maritime Solutions”
11:05 PIL upgrades Redsea Gulf Service and Intra-Redsea Feeder 5
10:37 DNV GL and GSI cooperate on AI-based solution to improve welding NDT efficiency
10:01 Bunker sales at port Vladivostok in 11M’19 grew by 53.2% to 1.58 million tonnes
09:36 Brent Crude futures price is down 0.1% to $62.94, Light Sweet Crude – down 0.38% to $58.2
09:18 Baltic Dry Index is down to 1,599 points
09:03 CMA CGM and Total sign a major agreement
06:49 Ocean Yield ASA announces delivery of three LR2 product tankers with long-term charters

2019 December 4

18:30 North Carolina Ports Chief Commercial Officer retires
18:09 Diana Shipping announces time charter contracts for m/v Myrsini with Ausca and m/v Artemis with Koch
17:47 DNV GL and GSI cooperate on AI-based solution to improve welding NDT efficiency
17:26 Freight turnover of Neva-Metal (Saint-Petersburg) in 11M’19 fell by 1% Y-o-Y to 2.93 million tonnes
17:09 ABS presents its innovative work at the annual meeting of the ABS South East Asia Regional Committee
16:48 Traficom: new study published on indicative analysis methods used in the control of ships’ ballast water treatment
16:32 Port of Gdynia increased container handling by 13% to 750.439 thousand tons in 10M’2019
16:09 Nexans, Eversource and Ørsted sign Framework Agreement for North American Offshore Wind Farm development with the opportunity to provide up to 1,000 kilometers of export cable for multiple Ørsted projects till 2027 in United States
15:52 Jotun A/S and COSCO Shipping International HK renew JV agreement
15:31 Cargo traffic within Azov-Don Basin of Russia’s IWWs down 9% to 9.57 million tonnes in 11M’19
15:10 The opening of Port Said tunnel under the Suez Canal provides faster access to SCCT
14:47 Port of Gdynia completed modernization and redevelopment of its video surveillance system
14:30 Port of Ipswich celebrates new partnership milestone with Metsä Wood UK
14:09 Maersk launches new visibility tool “Captain Peter”
13:51 ABP appointed new Head of Operations for Humber International Terminal
13:28 Moscow Canal completed project on digital mapping of Russia’s inland water ways
13:09 Georgia Ports Authority set to exceed 4.6M TEUs for the first time in a calendar year
12:47 Russian Maritime Register of Shipping takes part in Marintec China 2019
12:30 Crew of IBSV Gennadiy Nevelskoy rescued three men in Sea of Okhotsk
12:08 GTT and WISON sign a Technical Assistance and License Agreement for the construction of membrane tank systems
11:53 AS Tallink Grupp reports increase of passenger and cargo turnover in November 2019
11:26 Russian Railways: Loading of export cargo bound for domestic ports up 3.4% to 281.4 million tonnes in 11M’19
11:08 LR collaborates with DSIC and Man Energy Solutions for first ammonia-fuelled ULCS in China
10:47 Bunker market at the port of Saint-Petersburg sees mixed price movements, Russia (graph)
10:30 Hapag-Lloyd to revise the Currency Adjustment Factor for North Europe as of January 1, 2020
10:08 HEP to build the first hydrogen station at the Port of Amsterdam
10:03 MABUX: Bunker market this morning, Dec 04
09:56 Baltic Dry Index is up to 1,606 points
09:38 Lloyd’s Register grants AiP to CMES, CNOOC, DSIC and GTT for LNG dual-fuelled VLCC design
09:20 Brent Crude futures price is up 0.74% to $61.27, Light Sweet Crude – up 0.68% to $56.48
09:08 Odfjell SE reaches an agreement with Navig8 Chemical Tankers to expands stainless steel chemical tanker pool
08:53 Port of Hamburg anticipates positive impact from the EU-Singapore trade agreement
08:06 P.P. Shirshov Institute of Oceanology of the Russian Academy of Sciences development is declared the best innovative product at Seoul Fair
07:06 CMA CGM chooses the port of Marseille-Fos for the bunkering of its future 15,000-TEU vessels