Friday, February 06, 2026
Media Kit
refrigerated containership at dock

Estonia Releases Ship Saying Smuggling Allegations Were Not Confirmed

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Maersk containership

Maersk Predicts Difficult Times for Industry After a Strong Performance

Published Feb 5, 2026 7:47 PM by The Maritime Executive

Maersk, long considered a bellwether of the container shipping industry and broader global economy, presented a bleak near-term outlook as it reported 2025 financial results. The company pointed to the continued uncertainties in global trade as well as a growing overcapacity in container shipping, which it foresees contributing to further declines in freight rates and its earnings outlook. While posting a strong overall performance in 2025, which included nearly five percent volume growth for ocean shipping and terminals that achieved...

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WIG

Regent Secures a Buyer for its WIG Passenger Craft in Latin America

Published Feb 5, 2026 6:11 PM by The Maritime Executive

All-electric wing-in-ground craft company Regent Craft has sold another 10 units to a passenger plane company - this time, Synerget, a Brazilian firm in the business aircraft sales & service segment. Synerget has agreed to buy 10 of the 12-passenger Viceroy models that Regent has designed for coastwise routes, with first deliveries slated for 2029. Possible early applications could be big port cities, like Rio de Janiero. The appeal factors, the operator says, include the ability to skip airports altogether...

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containership burning after collision

Captain of Solong Gets Six Years as Court Cites “Complacency and Arrogance"

Published Feb 5, 2026 5:52 PM by The Maritime Executive

A judge at the UK’s “Old Bailey” court in London sentenced the former master of the Solong containership to six years in jail for causing the death of a seafarer in the fiery 2025 allision with the tanker Stena Immaculate. A jury on Monday had found Vladimir Motin, age 59 of Russia, guilty of gross negligent manslaughter. Motin had been on watch and the sole member of the crew on the bridge on March 10, 2025, when the containership hit...

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CAC

Chinese Nationals Paid to Marry US Navy Personnel - And Get Base Access

Published Feb 5, 2026 5:00 PM by The Maritime Executive

Four U.S. Navy sailors have pleaded guilty to charges of bribery for taking money from Chinese nationals for sham marriage arrangements. These fake marriages were set up so that the perpetrators could secure U.S. permanent residency and evade American immigration enforcement. In addition, some of the co-defendants in the scheme made attempts to secure military ID cards that would allow them access to U.S. military bases. The Justice Department charged 11 civilians with marriage fraud conspiracy. Four former Navy servicemembers...

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Offshore

offshore wind farm

Massachusetts Looks to Nova Scotia to Supply Offshore Wind Energy

Faced with the need for more electrical power and a desire to expand renewable energy, Massachusetts is looking toward the import of renewable energy from neighboring Nova Scotia. The first-of-its-kind agreement would present a novel solution to meeting the needs while also addressing the opposition of the Trump administration to the development of offshore wind energy generation. Massachusetts is a strong supporter of the offshore wind energy industry, with some of the first large projects in the United States. It...

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Shipbuilding

HII

Photos: Future Carrier USS John F. Kennedy Completes Builder's Trials

The future USS John F. Kennedy, the second Ford-class carrier for the U.S. Navy, has completed builder's sea trials at Huntington Ingalls Newport News. It has been 17 years since the initial contract award for Kennedy, and more than 10 years since her keel-laying. The test run was the ship's first outing, and it is a milestone towards the high-tech carrier's long-awaited completion. Kennedy was affected by the same technological issues facing the first-in-class USS Gerald R. Ford, which faced...

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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

Maersk containership

Maersk Predicts Difficult Times for Industry After a Strong Performance

Maersk, long considered a bellwether of the container shipping industry and broader global economy, presented a bleak near-term outlook as it reported 2025 financial results. The company pointed to the continued uncertainties in global trade as well as a growing overcapacity in container shipping, which it foresees contributing to further declines in freight rates and its earnings outlook. While posting a strong overall performance in 2025, which included nearly five percent volume growth for ocean shipping and terminals that achieved...

Continue Reading...