Andreas Sohmen-Pao’s Cadeler and Emanuele Lauro’s Eneti are set to merge into a large, pure-play offshore wind turbine and foundation installation company.

A union has demanded that ferry operator Caledonian MacBrayne (CalMac) be taken into public ownership after a tendering deadline passed.

Early May saw the launch of The Breakwave Tanker Shipping ETF with the symbol “BWET”, an Exchange Traded Fund aimed at investors in crude oil tankers.

The Suez Canal Authority (SCA) has reported 10-year revenues of $50.9bn.

First quarter container line EBIT dropped by 81% on-year in the first quarter 2023, but still remains above pre-pandemic levels.

Newly formed yard group Seatrium is being probed by the Singapore’s Corrupt Practices Investigations Bureau (CPIB) over longstanding corruption allegations related to Sembcorp Marine’s activities in Brazil.

The number of larger ships lost last year was down by more than a third, but the dark fleet is the latest safety concern, while there was also a jump in the number of fires onboard vessels, according to insurer Allianz.

A long-term perspective is essential for financing maritime portfolios in a period of extraordinary market volatility.

China Merchants Port has sold its 45% equity interest in Ningbo Daxie Terminal to Ningbo-Zhoushan port at a total cost of RMB1,845m ($261m) via its wholly-owned subsidiary Cyber Chic.