One of the most lucrative aspects of 2019 for Scorpio Bulkers was its investment in Scorpio Tankers, according to its end-of-year results.
Scorpio Bulkers took a hit to its asset values and saw a slight decline in vessel revenues during 2019, but is still paying a dividend to shareholders, thanks to its investment in its tanker-owning sister company.
The New York-listed bulker owner booked net profit of $44.7m
