Scorpio Bulkers has moved at a good time to pivot into the wind sector and is likely to declare the three options attached to its first newbuilding in South Korea, according to renewables analysts at Clarksons Platou Securities.
But as in all sectors of shipping, it’s anyone’s guess whether more shipowners will pile into the emerging trade and ruin the supply-demand dynamic that is currently so favourable for wind turbine installation vessels (WTIVs).
