The Container Market Scorpio is Entering
The Scorpio Group is entering the ultra large container vessel (ULCV) market with the charter of three 19,200 teu ships, according to financial sources.
The vessels are rumored to be costing around $150 million each and would have the largest cargo capacity to date in this segment. They may be leased out to MSC.
Scorpio already dominates in the tanker market and is ordering a huge bulk fleet. According to data from VesselsValue.com, Scorpio’s current tanker and bulker fleet is valued at $1,393 million with another $6,092 million in newbuildings.