Friday, September 04, 2026
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containership construction

Container Fleet Smashes 34M TEU Record as Fleet Growth Accelerates

Published Sep 3, 2026 4:34 PM by The Maritime Executive

Growth in the container segment of the shipping industry has been making headlines for a long time, but it just smashed through a record. Surpassing the 34 million TEU mark, trade group BIMCO says the growth has accelerated and is reshaping the sector. According to BIMCO’s calculations, global container fleet capacity was just 8,000 TEU below the 34 million TEU mark as of the beginning of September. It reported the milestone would be reached after only a few of the...

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chemical cargo fire

Leaking Chemical Cargo Blamed for Fire and Poisoning Killing Two Crew

Published Sep 3, 2026 3:53 PM by The Maritime Executive

An Indonesian cargo ship burst into flames on Monday in a devastating fire. The authorities now suspect it was the result of a chemical leak from its cargo that also resulted in severe chemical poisoning for two crewmembers and the captain. A deck cargo ship, Legenda Nusantara699, was built in 2019 and used to ferry cargo between islands in Indonesia. It was 699 dwt and 78 meters (256 feet). The reports did not identify the chemical cargo loaded in Jakarta...

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transatlantic route for nuclear powered container shipping

“Pink Corridor” to Explore Nuclear-Powered Transatlantic Container Shipping

Published Sep 3, 2026 2:24 PM by The Maritime Executive

A new project focusing on the challenges of developing a so-called “pink corridor” for nuclear-powered transatlantic container shipping is taking shape. It will be led by Lloyd’s Register and A.P. Moller - Maersk working with the ports of Charleston, South Carolina, and Felixstowe in the UK to examine the security and safeguarding requirements for the theoretical deployment of a nuclear-powered containership route. It comes as the prospects of nuclear-powered commercial shipping continue to entice the industry and regulators. Earlier forays...

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Penrhyn Atoll, Cook Islands

US Counters China’s Pacific Forays with Cook Islands Port Investment

Published Sep 3, 2026 1:27 PM by The Maritime Executive

The U.S. government is taking actions to counter China’s incursions in the Cook Islands while pushing its own interests for critical mineral exploitation. Officials announced commitments for a significant investment to fund the upgrade of a port that once hosted a U.S. military base. As Beijing continues to assert its influence in the Pacific region, the U.S. said that it is partnering with New Zealand to finance the upgrade of Penrhyn Port, which is located on the island of Penrhyn...

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Offshore

Humboldt Bay California

California Sues DOI Calling Offshore Wind Cancellation “Blatantly Unlawful"

California Attorney General Rob Bonta and the California Energy Commission moved forward with their earlier challenges and filed a lawsuit on August 28 against the Trump administration and Golden State Wind over what it is calling “the unlawful buyout” of the offshore wind energy lease. The state is contending the deal to buy back the offshore wind lease is illegal and would jeopardize its investments to support the project, the state’s energy policy, and the commitments from the developer for...

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Shipbuilding

Inspecting LNG tanker at the Zvezda shipyard

Putin Visits Zvezda Shipyard Building Arctic 2 LNG Tankers

Russian President Vladimir Putin has been spending a lot of time in recent weeks visiting the Russian Far East – an area where he probably feels safe from the Ukrainian long-range sanctions program. It is also an area in the strategic depth of a vast country that is as yet untouched by the war with Ukraine. A visit on September 2 to the Zvezda shipyard in Bolshoy Kamen, across the Ussuriyskiy Zaliv from Vladivostok, was steeped with symbolism. It touches...

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Environment

Russian research vessel

Norway Seizes Russian Research Vessel as Ukraine Pursues Crimea Claims

The Governor of Svalbard, a Norwegian archipelago, confirmed that under court authority, they have today, September 2, taken control of the Russian research vessel turned cruise ship, Professor Molchanov. The vessel is being held on behalf of the Ukrainian state-owned energy company Naftogaz, which has been pursuing claims against Russia for compensation for assets lost during the annexation of Crimea in 2014. Naftogaz received an award in April 2023 from a tribunal in the Hague, which was valued at approximately...

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Business

containership construction

Container Fleet Smashes 34M TEU Record as Fleet Growth Accelerates

Growth in the container segment of the shipping industry has been making headlines for a long time, but it just smashed through a record. Surpassing the 34 million TEU mark, trade group BIMCO says the growth has accelerated and is reshaping the sector. According to BIMCO’s calculations, global container fleet capacity was just 8,000 TEU below the 34 million TEU mark as of the beginning of September. It reported the milestone would be reached after only a few of the...

Continue Reading...