Eneti – formerly Scorpio Bulkers – has agreed with third parties to sell the SBI Cronos, an Ultramax bulk carrier built in 2015, and SBI Achilles, an Ultramax bulk carrier built in 2016, for approximately $39.75 million in the aggregate. Delivery of the vessels is expected to take place in the second quarter of 2021.
Eneti is in the process of moving away from the business of dry bulk commodity transportation and towards marine-based renewable energy including investing in the next generation of wind turbine installation vessels. The company intends to sell or have commitments to sell its remaining wholly-owned or finance leased dry bulk vessels during the first quarter of 2021.
Meanwhile, Safe Bulkers has reported fourth-quarter earnings of $7.6 million. On a per-share basis, the company said it had profit of 4 cents. The shipping company posted revenue of $52.2 million in the period. Its adjusted revenue was $47.5 million. For the year, the company reported a loss of $12.9 million, or 25 cents per share, swinging to a loss in the period. Revenue was reported as $156.6 million. The company’s shares closed at $2.82 on Monday. A year ago, they were trading at $1.40.
Spash247 reports that Genoa-based Fratelli Cosulich is close to signing a new order for its first LNG bunkering tanker and has already selected the shipyard, China’s CIMIC Sinopacific Offshore & Engineering in Nantong. An option for a second unit will be also part of the deal.
The new LNG bunkering tanker will have 8,000 cu m capacity and once delivered is expected to enter service in the Italian ports of Genoa, Savona and some others in the northern Tyrrhenian Sea.
In order to diversify its business activity also in this new market segment the group last year set up a newco called Fratelli Cosulich LNG.
Earlier this year the same group announced the opening of Fratelli Cosulich Greece, which is today the eighth office of the company’s network focusing on marine fuel. It joins branch offices based in Italy, Monaco, UAE, Hong Kong, Portugal, Singapore and the USA.
FILE PHOTO: A Safe Bulkers vessel
