COLUMN | Diet teas, influencers, John Fredriksen, Idan Ofer and the Edda Wind IPO, plus Eneti’s capital raising [Offshore Accounts]

If advertising on Instagram, it pays to have a powerful and beautiful influencer hawking your wares to their millions of followers. Unfortunately, they sometimes overstep ..

Scorpio Shipmanagement Upgrades Entire Fleet With Marlink’s Hybrid Network Solution

Scorpio Shipmanagement upgrades its entire fleet with Marlink's hybrid network solution

Marlink and Scorpio Shipmanagement have signed an agreement to upgrade the hybrid VSAT network solution on all vessels in its fleet, with additional bandwidth to enable new data, applications and reporting.

The service extension will provide Scorpio with higher bandwidth services to meet an increasing level of business need for higher data rates and usage volumes. Scorpio’s global fleet of about 150 vessels will be able to satisfy current and future requirements from charterers and regulators,...

The big get bigger in public dry bulk shipping

dry bulk ship

The largest U.S.-listed dry bulk shipping companies are buying up ships in the secondhand market in anticipation of higher rates ahead.

During conference calls on Thursday, executives of both Golden Ocean (NASDAQ: GOGL) and Star Bulk (NYSE: SBLK) highlighted stronger fundamentals for 2021, with vaccine-fueled cargo demand growth expected to outpace vessel supply growth.

According to Star Bulk CEO Petros Pappas, “Clarksons expects the dry bulk trade to expand by 3.7% in terms of ton-miles. On the...

Eneti Closer To Clearing Off Its Entire Fleet

Monaco’s Eneti has sold two more ultramaxes as it moves close to completing its fleet selloff, says a press release published on Globenewswire.

Vessel sale details

Eneti formerly known as Scorpio Bulkers, has sold the 2015-built SBI Cronos and 2016-built SBI Achilles for around $39.75m in total. 

The vessels were financed by Ocean Yield, who says they will receive $38m from Eneti exercising its option to sell the vessels to a third party.

Delivery of the vessels is planned for the second quarter of...

Eneti Sells 5 Ultramaxes for US $88m

Eneti (formerly Scorpio Bulkers) has sold five of its dry cargo vessels for approximately US$88 million, says an article published in Baird Maritime.

About the sale

The objects of the transactions are the Ultramax vessels SBI Thalia (pictured), SBI Athena, SBI Perseus, SBI Pisces, and SBI Hercules. All five vessels were built in China between 2015 and 2016.

Delivery to the new owner is expected to take place in the second quarter of 2021.

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