Wednesday, March 25, 2026
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RFA Cardigan Bay

UK and France Forming Multinational Effort for Strait of Hormuz

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DS-17

Equinor Begins Drilling At Raia, Its Largest International Project Ever

Published Mar 24, 2026 11:04 PM by The Maritime Executive

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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Ust-Luga

Ukrainian Drone Strike Hits Russian Oil Port of Ust-Luga

Published Mar 24, 2026 11:04 PM by The Maritime Executive

A drone strike has been reported at a petroleum installation in the Russian port of Ust-Luga, just one day after a Ukrainian attack damaged infrastructure at the nearby port of Primorsk. Together, the two ports have a combined loading capacity of 1.7 million barrels per day, and they handle most of Russia's Baltic Sea oil exports. Leningrad Oblast Governor Aleksandr Drozdenko confirmed Tuesday night's attack on Ust-Luga and said that Russian air defenses had shot down 33 drones. Firefighting efforts...

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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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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

Port of Hamburg

Survey: Shipowner Sentiment Has Refocused on Managing Uncertainty

Shipowners are waiting for clarity on the future of decarbonization, according to the results of a new executive survey from Wärtsilä. The uncertain outlooks for IMO regulations, green fuel availability and different technology pathways present challenges for business decisionmakers, the maritime technology group found, and owner sentiment on green fuel investment is less bullish on average than it may have been in years past. In the survey, about half of respondents said that they want more simplified and streamlined global...

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