Eneti Inc. (NYSE: NETI) disclosed that Scorpio Holdings Limited has acquired 26,129 common shares at an average price of $19.95, increasing their ownership to 29.61% of the total 11,233,604 shares outstanding. This move aligns with Eneti's strategic pivot from dry bulk transportation to marine renewable energy, focusing on wind turbine installation vessels and divesting remaining dry bulk assets in 2021. The company's transition reflects its commitment to sustainable practices in the marine sector.
Eneti Inc. (NYSE: NETI) announced that Scorpio Holdings Limited purchased 74,939 common shares at an average price of $20.96 per share. Currently, Eneti has 11,248,763 shares outstanding, with SHL owning 3,299,690 shares, representing 29.33% ownership. The company is transitioning from dry bulk commodity transportation to marine-based renewable energy, focusing on wind turbine installation vessels. Plans include selling remaining dry bulk vessels during Q1 2021.
Eneti filed its Annual Report on Form 20-F for the year ended December 31, 2020, with the Securities and Exchange Commission. Shareholders can access the report and request a hard copy that includes audited financial statements. The company is transitioning from dry bulk commodity transportation to focusing on marine-based renewable energy, specifically wind turbine installation vessels, with plans to sell remaining dry bulk vessels in Q1 2021.
Eneti announced it has entered agreements to sell two Ultramax bulk carriers, SBI Cronos and SBI Achilles, for approximately $39.75 million. The vessels, built in 2015 and 2016 respectively, are expected to be delivered in the second quarter of 2021. This move aligns with Eneti's transition from dry bulk commodity transportation to marine-based renewable energy, focusing on wind turbine installation vessels. The company plans to sell its remaining dry bulk vessels during the first quarter of 2021.
Eneti Inc. (NYSE: NETI) announced a deal to sell five Ultramax bulk carriers for approximately $88 million. The vessels, built in China, include three from 2016 and two from 2015. Delivery is expected in Q2 2021, subject to documentation. This transaction aligns with Eneti's strategic shift away from dry bulk transportation to focus on marine-based renewable energy, specifically investing in wind turbine installation vessels. The company plans to sell or have commitments to sell its remaining dry bulk fleet in early 2021.