launched<\/a> in March 2013 by the same management team as Scorpio Tankers (NYSE: STNG). The company owns and operates a fleet of approximately 55 mid- to large-size dry bulk vessels, specifically Ultramax and Kamsarmax vessels (62,000 and 82,000 deadweight tonnes, respectively).<\/p>\n<\/p>\n
Lauro said the new strategic direction in offshore wind will result in \u201chigher and more predictable shareholder returns in a \u201cstructural growth market.\u201d<\/p>\n
<\/p>\n
According to the company, the offshore wind sector is expected to grow at a compound annual growth rate of over 15 percent over the next decade, with a growing shortage of vessels that can install and maintain the next-generation turbines.<\/p>\n
<\/p>\n
\u201cOur transition has begun,\u201d said Lauro.<\/p>\n
<\/p>\n
\u201cScorpio has a history of executing complex maritime projects and of building teams and expertise to enter new markets. We are fully committed to this new direction as an area of significant value creation for our shareholders and alignment with our multiple stakeholders,\u201d he added.<\/p>\n
gCaptain<\/p>\n","protected":false},"excerpt":{"rendered":"
The NYSE-listed dry shipping company announced Monday it has signed a Letter of Intent for the construction of the vessel with South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) with options for additional vessels. The Wind Turbine Installation Vessel (WTIV) will be designed by GustoMSC design and includes a 1,500-tonne Leg Encircling Crane (LEC) …<\/p>\n","protected":false},"author":1,"featured_media":14821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[3849,121,2192,6958,2231,1131,149,62,2689,1872],"class_list":["post-14820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marine-world","tag-bulk","tag-bulkers","tag-company","tag-debuts","tag-dry","tag-offshore","tag-scorpio","tag-shipping","tag-transition","tag-wind"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/14820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=14820"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/14820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/14821"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=14820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=14820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=14820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}