Wednesday, January 28, 2026
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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 Jan 28, 2026 4:11 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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Darwin Australia

Renewed Clash Between China and Australia Over Port of Darwin

Published Jan 28, 2026 3:34 PM by The Maritime Executive

China’s Ambassador to Australia, Xiao Qian, renewed the public debate over control of the Port of Darwin during his New Year Media Briefing and Gathering. The issue had emerged during the 2025 elections in Australia, with both parties vowing to regain control of the port from a Chinese company, which prompted the Ambassador to say it could jeopardize China’s strong investments in Australia. Ambassador Xiao alleged Australia’s interest in retaking control of the port only came after a Chinese company,...

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Cocaine

Colombian Navy Seizes Two Tonnes of Cocaine Aboard CMA CGM Boxship

Published Jan 28, 2026 2:46 PM by The Maritime Executive

Colombian authorities have intercepted and boarded a container ship in the Caribbean, seizing two tonnes of cocaine from its cargo. The capture prevents the drugs from reaching the European market, where they would fetch a premium price. The 6,500 TEU boxship CMA CGM Voltaire departed the port of Cartagena, Colombia at 1600 GMT on the 25th, headed on a routine voyage to Algeciras, Spain. The vessel serves on CMA CGM's Mediterranean-Caribbean rotation, serving ports as far east as Malta before...

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tanker

Mystery Swirls Around Stateless Sanctioned Tanker in the Med

Published Jan 28, 2026 2:14 PM by The Maritime Executive

The situation around a stateless, sanctioned tanker that has been drifting in the Mediterranean remains unclear, with the latest reports suggesting it is now heading for the port of Tangier Med in Morocco. The tanker Chariot Tide (52,648 dwt) has been receiving international attention since it was first identified as drifting in the Mediterranean nearly a week ago. The tanker, built in 2007 and apparently operating under a false flag of Mozambique, was first identified as in distress last Friday...

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MORE STORIES BY CATEGORY

Offshore

offshore wind farm

Vineyard Wind Gets Fourth Preliminary Injunction Against Stop-Work Order

A U.S. District Court Judge in Massachusetts became the fourth to award a preliminary injunction against the Trump administration’s stop-work orders on the offshore wind energy industry. Vineyard Wind 1 had gone to court in mid-January following Dominion Energy, Ørsted, and Equinor, each of which also received preliminary injunctions in their cases, leaving only Sunrise Wind to still be heard by the courts. Vineyard Wind 1, which is located approximately 15 miles south of Martha’s Vineyard and Nantucket, Massachusetts, is...

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Shipbuilding

car carrier launched

China Launches Largest Car Carrier for HMM-Hyundai Glovis Partnership

China’s Guangzhou Shipyard International last week floated out the largest car carrier in the world. The massive vessel surpasses the 10,000 unit mark, becoming the largest built in China after the yards turned out 9,500 unit vessels last year as part of the coming surge in the sector. The new vessel is also the first vehicle carrier built for South Korea’s HMM as part of its diversification strategy. HMM entered into long-term agreements with Hyundai Glovis, which will operate the...

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Environment

European ferries

Interferry Demands Pause for EU ETS Due to Inequities and Use of Funds

Interferry, the global trade association for the ferry industry, is calling for an immediate halt to the further phasing-in of the EU Emissions Trading System (ETS) for the maritime sector. The group is citing inequities and a severe competitive disadvantage as road transport remains exempt from the program. Further, it alleges that a lack of a funding scheme for e-fuels and investments such as electrification means the monies are instead being diverted to national member state budgets. The trade group...

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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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