Some shipowners are in the sale-and-purchase market for asset plays, while others are simply not.
There is perhaps no better example of this divide than Scorpio Bulkers, now known as Eneti, and the firms that rushed to buy the 44 bulkers it sold between October 2020 and February 2021.
Eneti disposed of the ships in a strategic long-term move to transform itself from a conventional, carbon-heavy shipping outfit into a provider of environmentally sustainable 21st-century wind turbine installation vessels.
