As the situation in the Red Sea disrupts normal operations, legal and insurance experts explore some of the practical and legal considerations shipowners and charterers face.

The Cargotec Corporation’s Board of Directors has approved a plan to demerge the business of Kalmar as a separate listed company.

US Jones Act stalwart, Overseas Shipholding Group (NYSE:OSG) has received a takeover offer from largest shareholder privately held Saltchuk Resources.

Under a swap deal, Equinor is set to take full ownership of the Empire Wind lease and projects while BP will take full ownership of the Beacon Wind lease and projects.

P&I Insurer NorthStandard is expanding in Asia with a new office in South Korea.

Anne Marie Elder and Jarek Klimczak from Marine at AXA XL explore how the maritime industry is navigating through new risks to hit net-zero targets

Frontline has agreed to sell its five oldest VLCCs for a total sale price of $290m.

Maritime services company Columbia Group has launched a new venture capital entity to support ideas in the maritime, logistics, energy and leisure sectors.

Maersk Tankers closed on the acquisition of US-based tanker pool operator Penfield Marine last week, expanding its crude and product tanker reach.

The attacks on shipping in the Red Sea have sharply driven up rates as vessels divert by the Cape of Good Hope attracting the interest of stock investors in listed container lines, although the situation remains extremely fluid.