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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Indian shipyard

India’s First Chemical Tanker Order Advances Shipbuilding Ambitions

Published Feb 1, 2026 3:20 PM by The Maritime Executive

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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Chinese trawler

China Wants to Host the High Seas Secretariat

Published Feb 1, 2026 2:46 PM by Dialogue Earth

[By Jiang Mengnan] China has joined Chile and Belgium in competing to host the secretariat of the High Seas Treaty. The landmark UN agreement, which entered into force earlier this month, will govern the parts of the ocean located beyond national jurisdictions. China wants the city of Xiamen, on its southeast coast in the province of Fujian, to become the seat of the secretariat. Li Shuo, who directs the Asia Society Policy Institute’s China Climate Hub, tells Dialogue Earth the...

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GRID Arendal

Canada Approves Construction of an Arctic Mineral Port on Baffin Island

Published Feb 1, 2026 2:46 PM by The Maritime Executive

At a time when Canada is prioritizing development of Arctic infrastructure, a new port and railway project in Baffin Island has received construction approval. The project, Steensby Railway, is a critical component of expanding production in the Mary River iron ore mine in the northern Baffin Island. The iron ore mine is one of the most northern mines in the world. Notably, Mary River is known as the world’s highest-grade direct ship (run-of-mine) iron ore development. Last week, the operator...

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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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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

iStock tanker

Tanker Orders: Too Much, or Not Enough?

Last week, in our annual forecasting opinion ("A Fool's Game?"), we prognosticated that the tanker orderbook will decline in 2026. We are still early in the year, but the headlines from many of the trade publications seem to indicate that this may not happen. It appears that many shipowners and other investors in our industry a lining up even more newbuilding orders. In this week's tanker opinion, we will give a little more background on why we think (hope?) the...

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