Scorpio Bulkers' transition to a wind turbine installation vessel (WTIV) company has begun in earnest with the sale of its first vessel since the announced shift, with chief executive Emanuele Lauro promising it will be "one of many".
And indeed sources in the sale-and-purchase market indicate that more bulkers from the New York-listed owner's fleet of 48 are currently being circulated for sale in a process that is expected to bankroll at least the beginning of Scorpio's shift to wind.
