Danish owner Cadeler has logged a loss in the first quarter as costs rose and three of its four wind farm ships were dry-docked.
The world’s biggest owner of wind turbine installation vessels (WTIVs) said the net deficit to 31 March was €20.8m ($22.6m) compared with a €1.9m profit in the same period of 2023.
Revenue edged up to €19m from €18.9m,
