Wednesday, March 25, 2026
Media Kit
Iranian dhow

Somali Pirates Hijack Iranian Dhow and Could Be Targeting Ships Warns MSCIO

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Teeside industrial region UK

Carbon Storage Developers Complete Applications in UK’s Second CCS Round

Published Mar 24, 2026 8:58 PM by The Maritime Executive

The UK’s North Sea Transition Authority received bids for more than two million acres of seabed in its second carbon storage licensing round. Bidding closed on March 24 after having opened in December 2025 and follows the first four licenses, which were awarded in 2023, which have already begun efforts testing the injection process. A total of 21 licenses were awarded in the first round. The authority had reported strong initial interest before beginning the solicitation, and it now says...

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Port of Baltimore

Port of Baltimore Had Second Best Year as Recovery Continues

Published Mar 24, 2026 7:59 PM by The Maritime Executive

The Port of Baltimore reported its second-best year ever in 2025 as it continues to recover from the devastation of the Francis Scott Key Bridge collapse. Marking the second anniversary of the allision, which destroyed the bridge and closed most parts of the port for weeks, Maryland Governor Wes Moore announced that the combination of public and private terminals that comprised the Helen Delich Bentley Port of Baltimore handled approximately 50 million tons of cargo in 2025 and is poised...

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Selen

IRGC Demonstrates Administrative Control Over the Strait of Hormuz

Published Mar 24, 2026 7:56 PM by The Maritime Executive

Iran has declared its intention to manage the "open" navigation of the Strait of Hormuz in perpetuity, and taken steps to put its plan into action. "Non-hostile" vessels may arrange passage with Iranian authorities, coordinated in advance (and in some cases, paid-for); vessels associated with Israel, the U.S. and other parties linked to the conflict are prohibited. The Islamic Revolutionary Guard Corps (IRGC) exercised this newfound authority in an administrative capacity for the first time on Wednesday, refusing passage to...

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German flag on stern of a ship

Call for Germany to Implement National Maritime Service to Grow Seafaring

Published Mar 24, 2026 6:54 PM by The Maritime Executive

Faced with the same challenges that many nations are facing of a dwindling national merchant marine, the German Shipowners’ Association (Verband Deutscher Reeder - VDR) is proposing a novel approach to continue the recent trend it has seen in the growth in the number of young people joining the seafaring profession. During its annual event in Hamburg, the association proposed making sea service in the merchant marine an option in voluntary military service and as an alternative should Germany reinstate...

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Offshore

DS-17

Equinor Begins Drilling At Raia, Its Largest International Project Ever

Equinor has begun drilling on its largest international project ever, the $9 billion Raia development off the coast of Rio de Janiero. The gas field complex contains at least one billion barrels of oil equivalent, and should be able to supply about 15 percent of Brazil's daily demand for natural gas. Raia sits in the prolific Campos Basin region, and includes three gas discoveries in the pre-salt layer (so-called for its location, trapped underneath a thick salt crust in ancient...

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Shipbuilding

humanoid welding robot

HD Hyundai Moving Forward with Humanoid Welding Robot for Shipyards

HD Hyundai has been working on several projects to develop technology that would support the use of humanoid robots to undertake precision tasks at its shipyard. The company announced on March 23 that it had completed a positive evaluation and is now moving to the next phase of the project. The parent company said HD Kore Shipbuilding & Offshore Engineering, the intermediary holding company for its shipyards, will be partnering with HD Hyundai Robotics and a U.S.-based industrial humanoid robotics...

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Environment

Teeside industrial region UK

Carbon Storage Developers Complete Applications in UK’s Second CCS Round

The UK’s North Sea Transition Authority received bids for more than two million acres of seabed in its second carbon storage licensing round. Bidding closed on March 24 after having opened in December 2025 and follows the first four licenses, which were awarded in 2023, which have already begun efforts testing the injection process. A total of 21 licenses were awarded in the first round. The authority had reported strong initial interest before beginning the solicitation, and it now says...

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Business

Press handout courtesy Klaveness Combination Carriers

Sea Cargo Charter Calls on Owners to Stay the Course on Decarbonization

The leaders of a prominent pro-decarbonization industry platform are asking shipowners to stay the course on the green transition, despite the unpredictable mood in the international regulatory environment. Owners have reason for pause when it comes to speaking up about reducing CO2. The U.S. is attempting to remove carbon incentives from the IMO's Net-Zero Framework, putting the agreement's future in doubt. Energy prices are soaring amidst geopolitical uncertainty, drawing the industry's attention away from green-fuel goals. But the chair and...

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