Scorpio Bulkers has cut $13m from the price of six newbuildings while pushing back their arrival.
New York-listed Scorpio explains the lower figure has been secured on four kamsarmaxes and two ultramaxes.
The shipowner says the bulkers have been delayed by between one and three months.
This has pushed $59.1m in shipyard installment payments from the fourth quarter of 2016 into the first three months of 2017.
