Scorpio Bulkers

Eneti, Inc. is focused on the offshore wind and marine-based renewable energy industry and has invested in the next generation of wind turbine installation vessels. It provides innovative maritime solutions to a wide variety of customers across the globe, safeguarding the environment, embracing sustainable business practices and generating risk-adjusted returns throughout the industry cycle. The company was founded by Emanuele A. Lauro and Robert L. Bugbee on March 20, 2013 and is headquartered in Monaco.

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Eneti operates as a shipping company. Eneti focused on the ownership and operation of a fleet of modern mid to large-size dry bulk carriers.

MONACO, Feb. 04, 2021 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (the “Company”) announced today that the Company's shareholders approved the change of the Company's name to “Eneti Inc.” at the Company's special meeting of shareholders held on February 3, 2021. The name change reflects the Company's previously announced transition to a sustainable future. The change of name will take effect, and the Company's common shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “NETI”, on February 8, 2021. The CUSIP number of Y2294C 107 will be assigned to the Company's common shares when the change of name becomes effective.

Scorpio Bulkers Inc. Announces Name Change to Eneti Inc. to be Effective February 8, 2021

Scorpio Bulkers Inc. (SALT) CEO Emanuele Lauro on Q4 2020 Results - Earnings Call Transcript

Shares of Scorpio Bulkers (NYSE:SALT) rose 5.0% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 163.16% over the past year to ($0.36), which missed the estimate of ($0.29).

Recap: Scorpio Bulkers Q4 Earnings

MONACO, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (“Scorpio Bulkers” or the “Company”), today reported its results for the three months ended December 31, 2020.

Scorpio Bulkers Inc. Announces Financial Results for the Fourth Quarter of 2020, Declares a Quarterly Cash Dividend and Announces the Sale of Seven Vessels

MONACO, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (the “Company”) announced today that the Company has entered into an agreement with Eagle Bulk Shipping Inc. (“Eagle Bulk”) to sell SBI Virgo, an Ultramax bulk carrier built in 2017, for $15 million of cash and a warrant for 212,315 common shares of Eagle Bulk. Delivery of the vessel is expected to take place in the second quarter of 2021.

Scorpio Bulkers Inc. Announces the Sale of an Ultramax Vessel

MONACO, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Scorpio Bulkers, Inc. (NYSE: SALT) (the “Company”) plans to announce fourth quarter 2020 financial results in a press release that will be issued before the market opens on Tuesday, February 2, 2021.

Scorpio Bulkers Inc. to Announce Fourth Quarter 2020 Results

MONACO, Jan. 19, 2021 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (the “Company”) announced today that the Company has entered into an agreement with an unaffiliated third party to sell the SBI Leo and SBI Lyra, Ultramax bulk carriers built in 2015, for approximately $35 million in aggregate. Delivery of the vessels is expected to take place in the first quarter of 2021.

Scorpio Bulkers Inc. Announces the Sale of Ultramax Vessels

MONACO, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (the “Company”) announced today that the Company has entered into an agreement with an unaffiliated third party to sell the SBI Lynx, a Kamsarmax bulk carrier built in 2018, for approximately $22.25 million. Delivery of the vessel is expected to take place in the first quarter of 2021.

Scorpio Bulkers Inc. Announces the Sale of a Kamsarmax Vessel

MONACO, Jan. 06, 2021 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (the “Company”) announced today that the Company intends to change its name to Eneti Inc. The change of the Company's name is subject to approval at an Extraordinary General Meeting to be held on February 3, 2021 for shareholders of record as of December 29, 2020.

Scorpio Bulkers Inc. Announces Intention to Change Its Name to Eneti Inc.

New York, New York--(Newsfile Corp. - December 26, 2020) - Pomerantz LLP is investigating claims on behalf of investors of Scorpio Bulkers Inc. ("Scorpio" or the "Company") (NYSE: SALT). Such investors are advised to contact Robert S. Willoughby at newaction@pomlaw.com or 888-476-6529, ext. 7980.The investigation concerns whether Scorpio and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the...

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Scorpio Bulkers Inc. - SALT

MONACO, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Scorpio Bulkers, Inc. (NYSE: SALT) (the “Company”) announced today that Scorpio Services Holding Limited (“SSH”), a related party, has purchased 117,000 common shares of the Company at an average price of $15.29 per share in the open market. The Company currently has 11,554,837 common shares outstanding, of which SSH and its affiliates own 3,224,751 or 27.91%.

Scorpio Bulkers Inc. Announces Purchase of Common Shares by Scorpio Services Holding Limited

MONACO, Dec. 20, 2020 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (the “Company”) today announced that following the recent sales of vessels by the Company, its Board of Directors has authorized the Company, as part of its transition to a sustainable future, to sell its remaining dry bulk vessels and exit the dry bulk sector during 2021.  As a result of this decision, the Company expects to record a write-down ranging from $475.0 million to $500.0 million on vessels sold and classified as held for sale.  This estimated write-down includes non-cash charges of $425.0 million to $440.0 million to reflect the current fair market value of the fleet and $50.0 million to $60.0 million of estimated cash charges, which include $34.0 million to $36.0 million for the termination of various vessel-related agreements, as well as other selling costs.  The Company will also write-off approximately $10.0 million of deferred financing costs as outstanding debt is repaid.

Scorpio Bulkers Inc. Announces Exit from Dry Bulk Sector, Classifying Its Fleet as Held for Sale, Giving Notice to Terminate Agreements with Its Vessel Managers, and Intention to Change the Company Name

SALT is currently in the process of transitioning into the renewable energy space. Analysts are bullish on this stock with a median price target of $30, representing a potential upside of over 65% from Dec. 14 price.

Scorpio Bulkers: Transition To Renewable Energy To Drive Future Growth

Scorpio Bulkers: Transforming Into An ESG Pure Play At Record Pace

SALT has been left for dead. It is a beaten-down stock in a beaten-down industry.

Scorpio Bulkers: Developing Opportunity In Offshore Wind Installations

MONACO, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (the “Company”) announced today that the Company has entered into agreements with two unaffiliated third parties to sell the SBI Parapara, SBI Jive, SBI Swing and SBI Mazurka, Kamsarmax bulk carriers built in 2017, and SBI Reggae, a Kamsarmax bulk carrier built in 2016, for approximately $101.5 million in aggregate. Delivery of the vessels is expected to take place in the first half of 2021.

Scorpio Bulkers Inc. Announces the Sale of Kamsarmax Vessels

Scorpio Bulkers Inc. (SALT) CEO Emanuele Lauro on Q3 2020 Results - Earnings Call Transcript

Scorpio Bulkers (SALT) delivered earnings and revenue surprises of -2.68% and -2.59%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Scorpio Bulkers (SALT) Reports Q3 Loss, Lags Revenue Estimates

Shares of Scorpio Bulkers (NYSE:SALT) fell 5.1% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share were down 4733.33% over the past year to ($1.45), which missed the estimate of ($1.05).

Scorpio Bulkers: Q3 Earnings Insights

MONACO, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Scorpio Bulkers Inc. (NYSE: SALT) (“Scorpio Bulkers” or the “Company”) today reported its results for the three months ended September 30, 2020.

Scorpio Bulkers Inc. Announces Financial Results for the Third Quarter of 2020 and Declares a Quarterly Cash Dividend

Scorpio Bulkers (SALT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Scorpio Bulkers (SALT) Q3 Earnings Expected to Decline

MONACO, Oct. 19, 2020 (GLOBE NEWSWIRE) -- Scorpio Bulkers, Inc. (NYSE: SALT) (the “Company”) plans to announce third quarter 2020 financial results in a press release that will be issued before the market opens on Tuesday, October 27, 2020.

Scorpio Bulkers Inc. to Announce Third Quarter 2020 Results

MONACO, Oct. 14, 2020 (GLOBE NEWSWIRE) -- Scorpio Bulkers, Inc. (NYSE: SALT) (the “Company”) announced today that the Company has entered into agreements with an unaffiliated third party to sell SBI Phoenix and SBI Samson, two Ultramax bulk carriers built in 2017 for approximately $34 million.  Delivery of the vessels is expected to take place in the fourth quarter of 2020.

Scorpio Bulkers Inc. Announces the Sale of Two Ultramax Vessels

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Dry cargo shipping is a highly fragmented, commodity-type business with little differentiation between ships of similar type, size, or age.

Survey Of Operating Costs In Dry Cargo Shipping

Scorpio Bulkers Inc. (SALT) CEO Emanuele Lauro on Q2 2020 Results - Earnings Call Transcript

News for Scorpio Bulkers Stock (SALT)