David Morant, Scorpio Group's UK managing director, has revealed more of the company's plans to break into the potentially lucrative offshore wind turbine installation sector.

New York-listed dry bulk arm Scorpio Bulkers last month said it was investing in a state-of-the-art wind turbine installation vessel (WTIV) at DSME in South Korea, with three options attached.

The vessel is costing up to $290m.