Eneti Signs Contract With Van Oord For Seajacks Scylla Vessel

• Eneti Inc (NYSE: 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.

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