THE Philippine maritime industry is often associated with the more established and lucrative sector of seafaring. Trailing in its wake are the widely diverse sectors of fishing, aquaculture, domestic shipping, ship registry, maritime safety and security, and shipbuilding.
Nearly every county in South Florida is experiencing job growth; Fort Lauderdale metro area had a jobless rate of 2.8 percent in August and Palm Beach County was at 2.9 percent. But inflation still threatens to upturn the market.
Workers in South Florida appear to hold an unrelenting grip over employers as they seek more pay and say over conditions at the office. But as inflation buffets the economy, labor's advantage may ease if a recession takes hold.
Scorpio Bulkers Inc. Announces the Sale of an Ultramax Vessel
Scorpio Bulkers Inc. announced that the Company has entered into an agreement with an unaffiliated third party to sell the SBI Phoebe, an Ultramax bulk carrier built in 2016, for approximately $17.65 million. Delivery of the vessel is expected to take place in the first quarter of 2021.
Scorpio Bulkers Inc., a provider of marine transportation of dry bulk commodities announced its intention to exit the dry bulk sector during 2021 and is investing in the next generation of wind turbine installation vessels. The Company has recently sold eight vessels and has contracted to sell seventeen additional vessels, all of which are expected to close in the first half of 2021. Scorpio Bulkers Inc. intends to sell its 24 remaining wholly-owned or finance leased drybulk vessels (including 7 Kamsarmax vessels and 17 Ultramax vessels) during 2021. The Company has signed a letter of intent to enter into a shipbuilding contract with Daew
Scorpio Bulkers Inc. Announces Purchase of Common Shares by Scorpio Services Holding Limited
December 21, 2020 19:05 ET | Source: Scorpio Bulkers Scorpio Bulkers New York, New York, UNITED STATES
MONACO, Dec. 21, 2020 (GLOBE NEWSWIRE) Scorpio Bulkers, Inc. (NYSE: SALT) (the “Company”) announced today that Scorpio Services Holding Limited (“SSH”), a related party, has purchased 117,000 common shares of the Company at an average price of $15.29 per share in the open market. The Company currently has 11,554,837 common shares outstanding, of which SSH and its affiliates own 3,224,751 or 27.91%.
About Scorpio Bulkers Inc.
Scorpio Bulkers Inc., a provider of marine transportation of dry bulk commodities announced its intention to exit the dry bulk sector during 2021 and is investing in the next generation of wind turbine installation vessels. The Company has recently sold eight vessels and has contracted to sell sixteen ad