Emanuele Lauro

Eneti puts U.S.-built WTIV plan on hold

Eneti Inc. (NYSE:NETI) said today that it has discontinued discussions with a shipyard in the United States to build a Jones Act-compliant Wind Turbine Installation Vessel (WTIV).

Chairman and CEO Emanuele Lauro said, “We believe the U.S. market for offshore wind will offer significant opportunities for the company in the future, but right now we are focused on delivering on our existing commitments and deriving value from our existing fleet.”

Though its U.S. plans might be on hold, Eneti...

https://www.marinelog.com/offshore/offshore-wind/eneti-puts-u-s-built-wtiv-plan-on-hold/

Eneti to acquire Seajacks and become world’s largest WTIV operator

Emanuele Lauro led Eneti Inc. (NYSE: NETI) is poised to change from being a WTIV new entrant to being the biggest player in the offshore wind turbine installation market. It has reached an agreement to acquire U.K. based Seajacks International, which has five WTIVs on the water and which is also assisting with construction and operations oversight of the advanced Jones Act WTIV that Dominion Energy has under construction at the Keppel AmFELS yard in Brownsville, Texas.

“This transaction reflects...

https://www.marinelog.com/offshore-wind/eneti-to-acquire-seajacks-and-become-worlds-largest-wtiv-operator/

Lauro-led OSV operator sells two AHTs, files for Chapter 11

At 9.02 a.m. ET yesterday, Emanuele Lauro led Hermitage Offshore Services Ltd. (NYSE:PSV) reported that it had sold its only two anchor handling tug supply vessels, Then, at 10.56 p.m., the company and 28 subsidiaries announced they had filed petitions for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.

In announcing the sale of the AHTS duo, Hermitage said that the consideration for the transaction consisted of its unconditional release of all...

https://www.marinelog.com/offshore/lauro-led-osv-operator-sells-two-ahts-files-for-chapter-11/