Scorpio Bulkers News

Cadeler and Eneti have officially completed their merger, creating a leading offshore wind installation company.The New York- and Oslo-listed group will be named Cadeler and be headquartered in Copenhagen, Denmark, with offices across the world in Denmark, U.K., U.S., Taiwan, and Japan.Mikkel Gleerup, CEO of Cadeler, said, “This marks a historic moment for Cadeler and the entire offshore wind industry. We offer our partners and clients access to the strongest and most skilled team and the industry's largest, most flexible, most diverse, and modern fleet of windfarm installation vessels.

Offshore wind farm construction and services company Eneti Inc. announced it has sold its entire holding in Scorpio Tankers Inc.Eneti said it sold its 2,155,140 common shares in Scorpio Tankers for $38.65 per share, for gross proceeds of approximately $83.3 million.As part of the transaction, Scorpio Tankers purchased approximately 1.3 million shares for approximately $50 million.Eneti, formerly Scorpio Bulkers, in 2021 changed its name and began selling off its bulk carrier fleet in a pivot to offshore wind farm construction and services.

NOV's GustoMSC subsidiary has secured a contract for the equipment and design of a GustoMSC NG-16000X wind turbine installation jack-up vessel for Eneti.Eneti is a new offshore wind player born out of a pivot into offshore renewables by what used to be a bulk carrier specialist Scorpio Bulkers.Eneti ordered its first WTIV in May 2021, and the second in December 2021. Both vessels will be built by South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME).NOV last year won contracts for the design and the supply of equipment for Enetis's first next-gen WTIV…

Offshore wind installation company Eneti said Tuesday it has terminated talks with a shipyard in the United States to build a Jones Act-compliant Wind Turbine Installation Vessel. Eneti in May 2021 ordered a $330 million Wind Turbine Installation Vessel from South Korea's Daewoo Shipbuilding and Marine Engineering.The company at the time said it was also in talks to build another offshore wind installation vessel for the U.S. offshore wind market.However, Eneti, established after Scorpio Bulkers decided to sell its bulker vessel fleet to focus on offshore wind…

Finland-based marine technology company Wärtsilä will supply the seven thrusters for Eneti's new Wind Turbine Installation Vessel (WTIV) being built at the Daewoo Shipbuilding & Marine yard in South Korea."By providing outstanding thrust, robust station-keeping capability, and efficient transit operation, the Wärtsilä thrusters will enable optimal propulsion performance for the vessel. The order with Wärtsilä was placed in October 2021. There is an option for a second vessel,"…

Eneti, an offshore wind installation company in the making, said Thursday it had entered into a binding agreement for the construction of one wind turbine installation vessel (WTIV).The company, formerly known as Scorpio Bulkers, ordered the first WTIV from South Korea-based builder Daewoo Shipbuilding and Marine Engineering (DSME) back in May.Now, the company has exercised an option it held with DSME for the construction of one more  WTIV. The contract price is $326 million,…

Offshore wind turbine installation firm Eneti plans to raise $200 million through a public offering of shares. It will use the funds raised to fund wind turbine installation vessel newbuilding program consisting of one contracted newbuilding vessel, one optional newbuilding vessel, and one proposed Jones Act compliant newbuilding vessel. As part of the Offering, Scorpio Holdings Limited, a related party of the company, has expressed an interest to purchase common shares at the public offering price with a value of at least $30.0 million.Citigroup…

Eneti, a company until recently known as Scorpio Bulkers, has completed the exit from its bulk carrier business and has also completed the acquisition of Seajacks, boosting its offshore wind ambitions.In its quarterly results release on Tuesday, Eneti said it had on August 12 completed the previously announced transaction to acquire offshore wind installation firm Seajacks for consideration of around 8.13 million shares, $302 million of assumed net debt, $71 million of newly-issued redeemable notes, and $12 million of cash.

Offshore wind services company Eneti announced on Thursday it has entered into an agreement to acquire rival Seajacks, creating one of the world's largest, most capable fleets of wind turbine installation vessels (WTIV).Eneti said its deal with sellers Marubeni Corporation, INCJ, Ltd. and Mitsui O.S.K., Lines Ltd. will see it acquire 100% of Atlantis Investorco Limited, the parent of Seajacks International Limited, for consideration of approximately 8.13 million shares, $299 million of assumed net debt, $74 million of newly-issued redeemable notes, and $12 million of cash.

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co has ordered from Huisman a 2,600mt Leg Encircling Crane (LEC), to be installed on Eneti’s newbuild wind turbine installation vessel (WTIV)."The new Leg Encircling Crane has a 147-meter long boom, capable of reaching 170 meters above deck. With its 2,600mt lifting capacity, the crane will be able to install up to 20MW turbines, which are expected to come to the market in the near future," the Dutch-based Huisman said.Huisman will design…

NOV announced it has been awarded contracts for the design and the supply of equipment for a wind turbine installation jack-up vessel (WTIV) being built for Eneti. The new offshore wind player Eneti, formerly known as Scorpio Bulkers, ordered the WTIV from South Korea builder Daewoo Shipbuilding and Marine Engineering (DSME) in May.Scheduled delivery in Q3 2024, the self-propelled vessel will be a NG-16000X design engineered by NOV subsidiary GustoMSC to feature increased carrying capacity and lifting capacity, as well as a higher lifting height above the deck.

Offshore wind installation company Eneti Inc, until recently known as Scorpio Bulkers, has entered into a binding agreement for the construction of one Wind Turbine Installation Vessel. The vessel will be built by South Korea's Daewoo Shipbuilding and Marine Engineering.The company also said it was in talks to build another offshore wind installation vessel for the U.S. offshore wind market.As for the first vessel, ordered from DSME, it will cost $330 million and the vessel will be delivered in early Q3,  2024.

Maritime Advisors, Liengaard & Roschmann have published for the third year running its Vesselindex Performance Report, ranking the listed dry bulk companies based on their TCE performance.In a year 2020 which was characterized by a high level of volatility it is noticeable that 17 companies managed to outperform the general market as defined by the Baltic Indices. U.S. listed Pangaea Logistics claims top spot for the third year in a row, competing against 24 other listed Dry Bulk…

Dry bulk shipping firm Castor Maritime has struck a deal to buy a 2010 Korean-built Kamsarmax dry bulk carrier from an unaffiliated third-party for $14.8 million. It did not reveal the identity of the seller.The acquisition is expected to be consummated by taking delivery of the vessel sometime in the end of the first quarter or beginning of the second quarter of this year and is subject to the satisfaction of certain customary closing conditions. Castor Maritime said.Petros Panagiotidis…

Scorpio Bulkers announced Wednesday that it intends to change its name to Eneti Inc. as the company plans its pivot from dry bulk shipping to offshore wind farm construction and services.The name change, which remains subject to approval at a February 3 shareholders meeting, comes as a growing number of maritime and offshore oil and gas companies target opportunities in renewables.In August, NYSE-listed Scorpio Bulkers announced its intention to transition away from the business…

Scorpio Bulkers has reached a deal to sell another Ultramax bulk carrier, making good on the company's plan to exit dry bulk shipping for a new focus in the offshore wind market.The shipowner said Thursday it has sold the 2016-built SBI Phoebe to an unnamed third-party buyer for approximately $17.65 million. The Liberian-flagged vessel is expected to be delivered to its new owner in the first quarter of 2021.The transaction is the latest in a string of bulk carrier sales since Scorpio announced in August that it would pivot away from dry bulk shipping toward a new role in the offshore wind services industry.Scorpio has recently sold eight bulk carriers and has contracted to sell 17 more, all of which are expected to close in the first half of 2021.

Following a string of bulk carrier vessel sales and a plan to order an offshore wind installation vessel, dry bulk carrier operator Scorpio Bulkers on Sunday said its Board of Directors had authorized the company, as part of its transition to a sustainable future, to sell its remaining dry bulk vessels and exit the dry bulk sector during 2021. "As a result of this decision, the company expects to record a write-down ranging from $475.0 million to $500.0 million on vessels sold and classified as held for sale…

Dry bulk shipping company Globus Maritime has agreed to buy a 2015-built Kamsarmax vessel built by the Hudong-Zhonghua Shipbuilding shipyard, for $18.4 million, the company said Monday.While the company did not say which vessel exactly it was buying, nor from whom, it is worth noting that just a few days prior, on Friday, October 9, Scorpio Bulkers announced the sale of the SBI Conga, "a Kamsarmax vessel built in 2015, for $18.4 million." Also, SBI Conga was built by Hudong Zhonghua, which corresponds to Globus Maritime's statement, too.Both Scorpio and Globus said in their separate statement that the delivery of the vessel was expected to take place in the fourth quarter of 2020…

Scorpio Bulkers has sold off another vessel as the NYSE-listed shipowner shifts its focus to the offshore wind market. SBI Tethys was sold for $18.25 million and is expected to be handed over to its new owner in the first quarter of 2021, Scorpio announced Tuesday. The 2016-built Ultramax is the latest in a string of bulk carriers sold by Scorpio since the company announced in August that it planned to depart the dry bulk shipping business. The company has recently sold eight vessels and has contracted to sell 13 additional vessels, all of which are expected to close in the first half of 2021. Upon the completion of the announced vessel sales…

Scorpio Bulkers said on Thursday it has sold another Ultramax bulk carrier, the sixth ship to leave its fleet since the Monoco-based shipowner announced plans to pivot away from dry bulk shipping toward offshore wind services. The sale of the 2016-built SBI Hera to an unnamed unaffiliated third party for $18.5 million follows close on the heels of Wednesday's sale of the 2017-built Ultramaxes SBI Phoenix and SBI Samson for $34 million. Since September 28, Scorpio has also sold three Kamsarmax vessels, including the 2015-built SBI Conga for $18.4 million and 2016-built SBI Sousta and SBI Rock for $18.5 million and $18 million respectively.Following delivery of the six ships to their new owners in the fourth quarter…

Scorpio Bulkers, Inc. announced Wednesday that it has entered into agreements with an unaffiliated third party to sell two 2017-built Ultramax bulk carriers for approximately $34 million as the dry bulk shipping company continues its transition to offshore wind services.The ships, SBI Phoenix and SBI Samson, are expected to be handed over to the unnamed buyer in the fourth quarter, Scorpio said. Both vessels were built at China's Chengxi Shipyard.The bulk carriers are the fourth and fifth Scorpio has sold since its August announcement revealing plans to enter into a shipbuilding contract with South Korea's Daewoo Shipbuilding and Marine Engineering (DSME) to build a wind turbine installation vessel for delivery in 2023, with options to build three further similar vessels.

Scorpio Bulkers announced it has sold another bulk carrier, marking its seventh ship sale since revealing plans to pivot away from dry bulk shipping toward offshore wind services.The Monoco-based shipowner said on Thursday it reached a deal with an unnamed, unaffiliated third party to sell the 2016-built Ultramax SBI Zeus for approximately $18.5 million.Since September 28, Scorpio Bulkers has also sold SBI Hera, SBI Phoenix, SBI Samson, SBI Conga, SBI Sousta and SBI Rock. Upon delivery of the four Ultramax and three Kamsarmax bulkers to their respective owners in the fourth quarter of 2020, Scorpio Bulkers will have an operating fleet of 47 vessels consisting of 42 wholly-owned or finance leased drybulk vessels (including 13 Kamsarmax vessels and 29 Ultramax vessels)…

Scorpio Bulkers announced it has entered into an agreement to sell another Ultramax bulk carrier, its second this week, as the company continues its transition away from dry bulk shipping to focus on the offshore wind market.Scorpio said Wednesday the 2015-built SBI Orion was sold to an unaffiliated third-party buyer for approximately $16.1 million. Delivery of the vessel is expected to take place in the first quarter of 2021.Earlier this week, Scorpio sold the 2016-built SBI…