New York-listed wind vessel specialist Eneti is continuing to make shareholder-friendly moves aimed at closing a huge valuation gap to its net asset value.

The Scorpio Group-backed owner announced after the close of trading on Wednesday that restocked a shares-buyback programme with $50m, sparking a 5% rise in the stock price after hours following a 2% loss during the market day.

The move comes two weeks after Eneti splashed out $17m to buy back and retire $2.3m