Eneti Signs Contract With Van Oord For Seajacks Scylla Vessel

Eneti Inc NETI subsidiary Seajacks UK Limited signed a contract with Dutch marine contractor Van Oord, who selected the Seajacks Scylla, the largest vessel in the Seajacks fleet.
The company expects the firm charter duration of the Van Oord contract to generate ~$60 million of revenue in 2023.
Seajacks Scylla is currently employed through 2022 in Taiwan and will move to Europe upon completion of its existing contract with Ørsted on the Greater Changhua Offshore Wind Farm.
Seajacks have installed over 500 offshore wind turbines in Europe and most recently in Taiwan. Seajacks UK owns and operates a fleet of 5 GustoMSC designed vessels, all capable of installing and maintaining offshore wind farms in harsh conditions.
Price Action: NETI shares closed higher by 1.52% at $7.37 on Thursday.