Swire and BW Group-backed Cadeler can be a force for consolidation in the growing offshore wind-farm vessel sector, according to Clarksons Platou Securities.

The investment bank has begun coverage of the shipowner, which carried out a $100m initial public offering in Oslo in November 2020, with a "buy" rating.

Clarksons Platou described the company as "a blue-chip play on green energy".