Shipping firm turned wind installer lost over USD 600m in 2020 after dry bulk exit

Eneti, formerly Scorpio Bulkers, lost more than USD 600m in 2020, the year in which the company decided to make an exit from bulk to instead enter offshore wind. The large deficit is mainly attributable to impairments on ships sold or put up for sale.

BY DANIEL LOGAN, SHIPPINGWATCH

Former Scorpio Bulkers, known under the name Eneti since January to complete the US company's transition to wind, leaves 2020 with a huge deficit.

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