Scorpio Bulkers preps another offering

New York-listed bulker owner plans to issue up to 23 million shares as private sponsor pledges to inject at least $15m.

14 June 2016 20:31 GMT Updated 15 June 2016 5:07 GMT

Scorpio Bulkers announced plans to launch a public share offering, with its private sponsor gearing up to participate with a cash injection into the New York-listed shipowner.

The Emanuele Lauro-led company said it will offer 20 million shares in the public portion of the offering, with the funds to be spent on the catchall "general corporate purposes".

Underwriters will receive options for another 3 million shares.

Scorpio