Singapore yard group Seatrium has agreed to a BRL671 million ($134.3 million) settlement over corruption allegations in Brazil related to Operation Car Wash.

The newly merged NorthStandard is one of several P&I Clubs reporting strong renewal results, with a rise in premium income and a positive response to its post-merger scale and corporate structure.

Diversions from transiting the Red Sea to avoid Houthi attacks have significantly strengthened ton mile demand to the benefit of investors listed product tanker owners.

AD Ports Group has reported a doubling of revenue in 2023 to AED11.7bn ($3.19bn), boosted by mergers and acquisitions.

CMB has launched its mandatory takeover bid for Euronav, a test of shareholder appetite for its vision of a sustainability-focussed future for the company.

Late 2023 brought a sense of realism to what had been the highly optimistic US offshore wind sector which had hoped to bring 30 gW of power, almost all in Atlantic waters, online by 2030 (30 by 30).

DNV Maritime CEO Knut Ørbeck-Nilssen did not mince his words as he set the scene at the opening of the DNV Maritime Energy Summit on 8 February.

Maersk has started the process of demerging its towage and marine services business Svitzer.

There is a risk of congestion post Chinese New Year as crises in the Red Sea and Panama converge, but insurers played down a potential flashpoint in the Taiwan Strait.

The $4.9 billion takeover of Korean shipping line HMM by Harim Group has failed after the two sides failed to reach a deal.