Dry CargoEurope

Eneti offloads two more ultramaxes

Monaco’s Eneti, formerly known as Scorpio Bulkers, has sold two more ultramaxes as it moves close to completing its fleet selloff.

Eneti has sold the 2015-built SBI Cronos and 2016-built SBI Achilles for around $39.75m in total. The vessels were financed by Ocean Yield, who says they will receive $38m from Eneti exercising its option to sell the vessels to a third party.

Delivery of the vessels is planned for the second quarter of this year.

The sale moves Eneti closer to its goal of clearing out its entire fleet by the end of this quarter as it pivots to the offshore wind sector. The company announced plans to move into the offshore wind sector in August 2020, signing a letter of intent with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) to construct a wind turbine installation vessel (WTIV). The vessel will cost around $265m-$290m and is scheduled for delivery in 2023. It also has options for an additional three vessels.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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