Public offshore firm was never the plan, says Emanuele Lauro

Emanuele Lauro now finds himself with ships in three public companies in three distinct operating sectors.

But while Scorpio Tankers and Scorpio Bulkers were carefully planned New York listings, Lauro insists there was never a blueprint to find a public vehicle for the group’s private investment in the offshore sector.

Even so, Scorpio Offshore has now folded its 13 offshore support vessels (OSVs) into New York-listed Nordic American Offshore (NAO), the Herbjorn Hansson-founded owner of 10 vessels, as part of the financial restructuring first reported by TradeWinds on 5 April.