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Scorpio Bulkers Inc. announces agreement to time charter-in one ultramax vessel

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Dry Bulk,

Scorpio Bulkers Inc. has announced that it has entered into an agreement to time charter in one ultramax vessel.

The company has entered into a time charter-in agreement with an unrelated third party on one ultramax vessel. The agreement is for two years at approximately US$10 125 per day with a Company option to extend the agreement for one year at approximately US$10 885 per day. The time charter is expected to commence before to the end of October 2017.

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