Welcome to our dedicated page for SALT news (Ticker: SALT), a resource for investors and traders seeking the latest updates and insights on SALT stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SALT's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SALT's position in the market.
Scorpio Bulkers Inc. (NYSE: SALT) has announced that shareholders voted to change the company's name to Eneti Inc. during a special meeting on February 3, 2021. This name change reflects the company's transition towards marine-based renewable energy. Effective February 8, 2021, shares will trade under the ticker symbol NETI. The company plans to divest its remaining dry bulk vessels in the first quarter of 2021 as it shifts focus to the wind turbine installation sector. This move aligns with industry trends favoring sustainability.
Scorpio Bulkers Inc. (NYSE: SALT) announced a $15 million deal with Eagle Bulk Shipping Inc. to sell its Ultramax bulk carrier, SBI Virgo, built in 2017. The transaction includes a warrant for 212,315 common shares of Eagle Bulk, with delivery expected in Q2 2021. This sale aligns with Scorpio Bulkers' strategy of transitioning away from dry bulk commodity transportation towards renewable marine energy, including investments in wind turbine installation vessels.
Scorpio Bulkers (NYSE: SALT) will announce its fourth quarter 2020 financial results on February 2, 2021, prior to market opening. A conference call is scheduled for the same day at 9:00 AM EST to discuss these results, with dial-in information provided for participants. Additionally, a live webcast will be available on the company’s website. Notably, Scorpio has shifted its focus from dry bulk transportation to marine-based renewable energy, planning to sell its remaining dry bulk vessels in the first quarter of 2021.
Scorpio Bulkers Inc. (NYSE: SALT) has entered an agreement to sell two Ultramax bulk carriers, SBI Leo and SBI Lyra, for approximately $35 million. The sale is part of the company's strategy to transition from dry bulk commodity transportation to marine-based renewable energy, specifically focusing on wind turbine installation vessels. The delivery of the vessels is anticipated in the first quarter of 2021. This move aligns with Scorpio Bulkers' commitment to divest from its current dry bulk assets.
Scorpio Bulkers Inc. (NYSE: SALT) announced an agreement to sell the SBI Libra, a 2017-built Ultramax bulk carrier, for approximately $18.65 million. The delivery of the vessel is expected in the first quarter of 2021. This sale is part of the company’s strategy to transition from dry bulk commodity transportation to marine-based renewable energy, including investments in wind turbine installation vessels. The company plans to divest its remaining dry bulk vessels during the same timeframe.
Scorpio Bulkers (NYSE: SALT) announced an agreement to sell the SBI Lynx, a Kamsarmax bulk carrier, for approximately $22.25 million. The vessel, built in 2018, is expected to be delivered in the first quarter of 2021. This transaction aligns with the company's strategic shift away from dry bulk commodity transportation towards marine-based renewable energy, with plans to sell its remaining dry bulk vessels during the same period.
Scorpio Bulkers Inc. (NYSE: SALT) has agreed to sell the SBI Phoebe, an Ultramax bulk carrier built in 2016, for approximately $17.65 million. The delivery is expected in Q1 2021. The company plans to exit the dry bulk sector by selling its remaining fleet while investing in wind turbine installation vessels. Recently, it sold eight vessels and contracted to sell seventeen more in 2021. A shipbuilding contract with Daewoo Shipbuilding for a wind turbine installation vessel is also in progress, with delivery slated for 2023.
Scorpio Bulkers (NYSE: SALT) announced that Scorpio Services Holding Limited purchased 117,000 common shares at an average price of $15.29 per share, increasing SSH's ownership to 27.91% of the company. Scorpio Bulkers, transitioning from the dry bulk sector, aims to invest in wind turbine installation vessels, having recently sold eight vessels and contracted to sell sixteen more. A shipbuilding contract with Daewoo Shipbuilding is planned for a new wind turbine installation vessel, expected in 2023.
Scorpio Bulkers (NYSE: SALT) announced its plan to exit the dry bulk sector in 2021, following recent vessel sales. The Board authorized the sale of its remaining fleet, anticipating a significant write-down of $475 million to $500 million. This includes non-cash charges of $425 million to $440 million and cash charges of $50 million to $60 million, along with a $10 million write-off of deferred financing costs. The company is pivoting towards sustainable operations with plans to build wind turbine installation vessels, including a contract with Daewoo Shipbuilding for a new vessel in 2023.
