Banking majors SEB and DNB have become joint owners of ten offshore vessels. The purchase was made after a bankruptcy of Scorpio company, in which the banks were lenders, and serves as another example of creditors' entry into ownership in offshore.
Scorpio Group, mostly known for its two shipping companies, has with its acquisition of Nordic American Offshore taken a definitive step into the North Sea. And there could be more in store. "Things are developing very quickly," President Emanuele Lauro tells ShippingWatch.
Positive for investor sentiment that that Scorpio Group management does away with a controversial scheme for paying fees to itself, notes Fearnley. But to Deutsche Bank's shipping analyst, the case is a textbook example of how dire these things can develop.
Management at the Scorpio group will no longer automatically collect one percent in fees for all vessels purchased or sold through Scorpio Bulkers and Scorpio Tankers. However, management can still collect fees through Bulkers if the share price exceeds USD 5.
Aktien i verdens største tørlastrederi Scorpio Bulkers tog tirsdag et nyt dyk på godt 11 procent, mens markedet afventer bebudede initiativer fra ledelsen for at håndtere selskabets akutte vanskeligheder.