Container line ZIM has reported strong earnings and profit for 2021, with forecasts for similar performance in 2022.

The world’s largest ship manager V.Group says it is in compliance with all current sanctions as pressure mounts on businesses to cease operations in Russia over the conflict in Ukraine.

The sanctions regime targeting Russia contains varying levels of limitations, deadlines and targets, according to lawyers at Reed Smith.

Wallenius Wilhelmsen has suspended all operations in Russia and Belarus in response to the invasion of the Ukraine.

Netherlands-based shipbuilder Damen has announced it decided to stop deliveries of new vessels to clients in Russia due to the ongoing invasion of Ukraine.

Maritime and aviation investment management firm Transport Capital is targeting start-ups with TC Ventures.

Yangzijiang Shipbuilding is to issue S$50m convertible bonds to strategic investors EDB Investments and Alexandrian Worldwide as it looks to strengthen its position in Singapore’s maritime industry.

2021 was Norden’s best financial performance for 11 years, and the company expects to do even better in 2022.

New KfW IPEX-Bank client Eureka Shipping has secured EUR29m ($32.2m) in financing for three cement carrier newbuilds.

Energy companies are moving to exit their Russian investments in response to the Ukraine conflict.