New York-listed Eneti is all about energy future with its focus on wind-turbine installation vessels (WTIVs), but its books are being padded by an investment in an old-fashioned tanker company.

Eneti notched a book gain of $18.5m in the last quarter from a holding of 2.16m shares in Scorpio Tankers, the New York-listed product tanker giant whose shares have been on the rise in 2022. The windfall equates to $1.47 per share.