Former Scorpio Bulkers lost more than USD 600 million in 2020 after exit from dry bulk

Eneti, formerly Scorpio Bulkers, lost more than USD 600 million in 2020, the year in which the company decided to make an exit from bulk to instead enter wind. The large deficit is mainly attributable to impairments on ships sold or put up for sale.

Photo: Scorpio Bulkers

Former Scorpio Bulkers, known under the name Eneti since January to complete the US company's transition to wind, leaves 2020 with a huge deficit.

Eneti reports a net deficit of USD 672 million, a further drop from a deficit of USD 44.7 million in 2019, shows the company's first financial statement under a new name.

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