Eneti still owns 12 dry bulk vessles and orders a WTIV ship worth USD 330 million

US-based Eneti, formerly Scorpio Bulkers, delivers a profit in the first quarter, in part due to an increase in values of shares in two dry bulk companies. Eneti's fleet still encompasses 12 dry bulkers, but the company invests in its first WTIV ship.

Photo: Scorpio Bulkers

Eneti, which in January changed its name from Scorpio Bulkers to complete is transition into a wind carrier rather than being a dry bulk carrier, also delivers a transformation on the company's bottom line.

The company thus exits the first quarter of the year with a positive operating result (EBITDA) of USD 36.5 million compared to the rather significant USD 100.1 million deficit booked in the same quarter last year, shows the wind carrier's just published quarterly report.

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