Eneti Completes Seajacks Buy

Eneti Inc. has completed the acquisition of the 100 per cent share in Atlantis Investorco Limited, the parent company of Seajacks International Limited.

The transaction was completed on 12 August, Eneti said.

Earlier this month, Eneti’s wholly-owned direct subsidiary entered into a binding agreement with Marubeni Corporation, INCJ, Ltd., and Mitsui O.S.K., Lines Ltd. to acquire Atlantis Investorco Limited.

With the transaction completed, Eneti now owns and operates a fleet of five wind turbine installation vessels (WTIVs).

The flagship NG14000X design Seajacks Scylla was delivered to Seajacks from Samsung Heavy Industries in 2015, and it is currently employed in Asia.

The fleet also comprises the NG5500C design Seajacks Zaratan which is currently operating in the Japanese market under the Japanese flag, as well as three NG2500X specification WTIVs which are employed in the North Sea market.

Eneti Inc., formerly Scorpio Bulkers, has shifted its focus from the dry bulk shipping sector to offshore wind.

Last year, the NYSE-listed company announced it would sell its remaining dry bulk vessels and exit the sector during 2021 as it shifts its focus to owning and operating offshore wind installation vessels.

The company delivered the final bulk carrier in its fleet to the new owners in July, marking the conclusion of the company’s exit from the dry bulk sector.

Back in May, Eneti ordered a next-generation WTIV at South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME).

The company said that it is also in talks with certain American shipbuilders to build a Jones Act-compliant WTIV for the US market.