Scorpio Bulkers Inc. Announces Sale of Two Kamsarmax Vessels for $45 Million

Monaco - April 18, 2017

Scorpio Bulkers Inc. (NYSE:SALT) (“Scorpio Bulkers,” or the “Company”) announced today that it has entered into agreements with unaffiliated third parties to sell the SBI Charleston and SBI Cakewalk, two 2014 built Kamsarmax vessels, for approximately $45.0 million in total.

About Scorpio Bulkers Inc.
Scorpio Bulkers Inc. is a provider of marine transportation of dry bulk commodities. Upon completion of the above mentioned sales, Scorpio Bulkers Inc. will own 46 vessels, consisting of 18 Kamsarmax vessels and 28 Ultramax vessels. The Company also time charters-in one dry bulk Kamsarmax vessel. The owned fleet will have a total carrying capacity of approximately 3.2 million deadweight tonnes. Additional information about the Company is available on the Company’s website www.scorpiobulkers.com, which is not a part of this press release.

Scorpio Bulkers Inc. press release