Scorpio Bulkers Lay Out Another US$157-Million on New Ships

Scorpio Bulkers Inc. has entered into agreements to purchase five Kamsarmax dry bulk vessels currently under construction in a Chinese shipyard as listed below:

Yard                                                                              DWT            Delivery
Hudong-Zhonghua Shipbuilding (Group) CO., LTD.     82,000         Q3-15    
Hudong-Zhonghua Shipbuilding (Group) CO., LTD.     82,000         Q3-15    
Hudong-Zhonghua Shipbuilding (Group) CO., LTD.     82,000         Q4-15    
Hudong-Zhonghua Shipbuilding (Group) CO., LTD.     82,000         Q1-16    
Hudong-Zhonghua Shipbuilding (Group) CO., LTD.     82,000         Q1-16    

The total purchase price for the vessels is approximately US$157 million.

About Scorpio Bulkers Inc.
Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Scorpio Bulkers Inc. has contracted and agreed to purchase 28 Ultramax, 21 Kamsarmax and three Capesize newbuilding dry bulk vessels to be delivered starting from the second quarter of 2014 from shipyards in Japan, China and Romania.

www.scorpiobulkers.com