Danish offshore wind turbine and foundation installation firm Cadeler has raised EUR 86 million (around $91,25M) via a private placement, with the plan to use the cash to fund a part of the construction of a new "hybrid" offshore wind farm foundation…

Maritime satellite communications company Inmarsat now offers a service called 'Fleet Xpress Enhanced', which it says enables digitalization, decarbonization, and crew wellfare for the global shipping sector,."Fleet Xpress, enhanced by Fleet Edge…

Companies planning a new ferry build should focus on the Total Cost of Ownership (TCO) instead of kW-power, in order to optimize costs, Steeprop, a designer and manufacturer of azimuth propulsion systems, said.Choosing the propulsion unit based mainly on Capex…

Egypt's Suez Canal recorded its highest monthly revenue to date in April, reaping $629 million in ship transit fees, the authority managing the waterway said, as traffic rebounded from the impact of the pandemic.The monthly revenue in April was 13.6% higher than a year ago, canal authority chairman