Sunday, February 01, 2026
Media Kit
The fishing vessel Lily Jean (courtesy F/V Lily Jean)

Coast Guard Calls Off Search for Missing Crew of Fishing Vessel Lily Jean

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Fenix Marine Services Terminal, Port of Los Angeles (press handout image courtesy CMA CGM)

Stonepeak Buys 25 Percent Stake in 10 of CMA CGM's Container Terminals

Published Feb 1, 2026 12:21 PM by The Maritime Executive

CMA CGM is launching a ports joint venture with one of the world's largest infrastructure investors. With a 25 percent investment from Stonepeak, this new JV - United Ports LLC - will buy 10 of CMA CGM's operated port terminals. In effect, it will give Stonepeak a minority stake in the French company's major seaport operations, particularly in the U.S. and Spain, while allowing CMA CGM to retain majority control. The covered facilities including the Fenix terminal at Port of...

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Chagos Archipelago

Survival of Chagos Sovereignty Deal Hinges on U.S. Review

Published Jan 30, 2026 9:09 PM by The Maritime Executive

The survival of the deal the UK has agreed with the government of Mauritius, involving the UK’s surrender of sovereignty and a lease-back arrangement to provide for continued American use of the Naval Support facility on Diego Garcia, now appears to depend on a U.S. review of its initial support for the arrangement. The progress of the enabling legislation through the British Houses of Parliament encountered stormy waters on January 20, when the House of Lords passed a number of...

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ferry in Tanzania

Tanzania Builds Ro-Pax Vessel to Boost Regional Trade on Lake Victoria

Published Jan 30, 2026 8:41 PM by The Maritime Executive

After eight years of construction, Tanzania has finally launched an inland passenger and cargo freshwater vessel that is touted as the largest in Africa and one that was built domestically. The East African nation is hailing the launch of MV New Mwanza as a significant milestone in efforts to boost maritime transport in Lake Victoria. Built at a cost of $51.8 million, construction of the vessel commenced in 2019, spearheaded by two South Korean companies, Gas Entec and KangNam Corporation,...

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expedition cruise ship

Danish Defence Charters Cruise Ship to House Troops in Greenland

Published Jan 30, 2026 8:26 PM by The Maritime Executive

The former expedition cruise ship Ocean Endeavour is due to arrive in Nuuk, Greenland, on January 31 to become housing for Danish and NATO troops. The cruise ship is to remain in Greenland to provide housing during the Exercise Arctic Endurance underway to enhance the military presence and training in the region. Danish Defence says it decided to charter the ship, which is outfitted as an Arctic exploration cruise ship, to expand the limited housing facilities in Nuuk. They noted...

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Offshore

offshore wind turbine installed

Dominion Energy and Vineyard Wind Reach Milestones as Work Resumes

Within days of resuming work at Dominion Energy’s Coastal Virginia Offshore Wind project and Avangrid’s Vineyard Wind 1, both projects have marked key milestones. The projects argued they were at critical stages of construction in court and received preliminary injunctions to prevent the Trump administration from enforcing a stop-work order. Dominion Energy provided a detailed update on the status of its project, reporting it has reached 71 percent completion and, critically, the first wind turbine generation was installed in January....

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Shipbuilding

Indian shipyard

India’s First Chemical Tanker Order Advances Shipbuilding Ambitions

Swan Defence and Heavy Industries Limited (SDHI), located in India, confirmed that it has received its first shipbuilding order as part of the revitalization of its operations. The order, which comes from a European shipowner, is both the country’s first for a chemical tanker and aligns with India’s ambitions to develop into a leading global shipbuilder. The order was placed by Bergen, Norway-based Rederiet Stenersen, a 50-plus year old operator of chemical/product tankers. The company currently has a fleet of...

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Environment

LCO2 transport

Northern Lights has Deals With Shipping Lines to Double CO2 Transport Fleet

The Norwegian CO2 storage initiative, which became the first commercial operation for carbon capture and storage, announced a new deal that will double the company’s fleet by 2029. This comes just months after the company completed its first injection of liquid CO2 for permanent storage. Northern Lights, which is a joint venture between Equinor, TotalEnergies, and Shell, reports it has struck a new charter deal with major shipping companies, including existing partner Kawasaki Kisen Kaisha (“K” Line), while adding MISC...

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Business

containerships docking

MSC Assessed $22.67M in Civil Penalties by FMC for Shipping Act Violations

MSC Mediterranean Shipping Company was fined a total of $22.67 million in civil penalties for a series of Shipping Act violations, the Federal Maritime Commission reported. It is part of the FMC’s increased efforts at enforcement and a wave of new complaints it has received after the surge in shipping volumes during and after the COVID-19 pandemic, and the Shipping Act was updated by the U.S. Congress. The Commission’s Bureau of Enforcement, Investigations, and Compliance (BEIC), through its Offices of...

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