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Monaco’s Scorpio Group has further diversified its business with a move into the offshore wind sector. Its dry bulk arm Scorpio Bulkers has signed a letter of intent with South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) to construct a wind turbine installation vessel (WTIV). The vessel will cost around $265 million $290 million and is scheduled for delivery in 2023, and Scorpio also has options for an additional three vessels.
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