Porti & ambiente — le notizie raccolte

Small modular reactors would advance decarbonisation in maritime but present technical, regulatory and safety challenges September 16, 2026 As fuel prices have risen to new high levels, attention in the States is being drawn to the potential for powering commercial vessels, and portside infrastructure, to nuclear with small modular reactors (SMRs). Importantly, the implications for seaports and the carriers serving them will be an important discussion topic at the American Association of Port Authorities (AAPA) upcoming annual convention- to be held in New Orleans at end September. In mid-May, theUSMaritime Administration (MARAD) issued a request for information (RFI) on ”a single vessel or technology demonstration” soliciting comments on: ”proficient system architecture, including liability frameworks, insurance pathways, port acceptance, workforce development, and standards integration for vessel deployment.” In recent months, at numerous in-person appearances, the Maritime Administrator, Captain Stephen Carmel, has been promoting MARAD’s efforts to facilitate a transition to nuclear power. Late last week, in a visit to thePort of Long Beach (POLB)alongside top port officials, Carmel visitedCape Islanda US ready reserve roll-on roll-off vessel and met with representatives of Bluecore Energy- a specialist in floating SMRs that is based at POLB. Related:Regulatory delays reduce Indian recycling capacity by more than 50% Building on the visit to the port, Bluecore has now announced that it is receiving $50 million in a funding round led by Silverton Partners- an early-stage investment packager. “We believe the combination of proven water-cooled reactor technology and a floating, modular platform has the potential to open an entirely new market for nuclear energy, and we’re excited to partner with the team as they bring that vision to life,” said Silverton when announcing the funding. According to AAPA, its upcoming panel, which will include POLB’s Executive Director, Dr Noel Hacegaba, “will explore how ports can serve as launchpads for small modular reactors, securing a new reliable power source for ports while giving the US a competitive edge in shipbuilding and port development.” Its own comments submitted in response to the RFI highlighted the infrastructure aspects, AAPA wrote that: “1. MARAD and other relevant federal agencies should adopt a technology-inclusive approach as a guiding framework for SMR-related rulemaking and policymaking; and 2. The federal government should view land-side or floating SMRs as an equal priority to incentivizing SMRs for vessel propulsion.” Commentors from the vessel side included US shipowner Liberty Global Logistics, a leading transporter of government impelled cargoes, which said: “Rapid implementation of SMR propulsion into commercial vessels could directly support the International Maritime Organization (IMO) goal to reduce carbon dioxide (CO2) intensity by 20 percent by 2030 and reach net-zero emissions by 2050.” Related:IMO Net-Zero Framework penalties could face FMC threat in US A Houston based entity within the EXMAR Group, EXMAR Offshore Energy, looking at floating power supply, rather than vessel propulsion, expressed the view that: “SMR designs are still in their infancy, but the technology is maturing with an expanding portfolio of applications.” Referring to OPTI, its proprietary hull design widely used in the offshore sector, they added that: “OPTI-based SMR facilities would serve as offshore floating nuclear power plants. Offshore FNPP’s move reactors away from onshore or nearshore locations to areas miles off the coast, situated on floating platforms moored in deepwater. These are permanent facilities designed for long-term operation, capable of enduring harsh weather and severe hurricane conditions. Power can be delivered onshore via submarine cable.” These issues are complicated and go way beyond the technological aspects. In MARAD’s RFI, the agency acknowledged that: “Implementation of these roles will occur in coordination with the Department of Energy; the Nuclear Regulatory Commission; the Department of Homeland Security, including the US Coast Guard; the Department of War; and other relevant agencies, as appropriate, consistent with applicable financial and budgetary frameworks and statutory authorities. Consistent with longstanding United States maritime practice, any future actions informed through this RFI would be pursued in alignment with applicable international standards, protocols, and development processes, including engagement through the International Maritime Organization and relevant International Convention for the Safety of Life at Sea (SOLAS) frameworks.” Related:US cuts off bunkering and repair for ships in Iranian trade These uncertainties were highlighted dramatically in an RFI comment from The International Group of P&I Clubs. In their submission, they highlighted that: “There is currently no operative international liability regime nor bilateral agreements that exist for nuclear propulsion reactors.” The Group explained that it had now formed a Nuclear Committee to examine issues related to nuclear powering of vessels, and pointed out that: “We therefore respectfully suggest that if MARAD wishes to support the scalable deployment of small modular reactors in commercial shipping that the development of liability frameworks is central to its considerations.” Read more about: Barry Parker New York Correspondent Barry Parker is a New York-based maritime specialist and writer, associated with Seatrade since 1980. His early work was in drybulk chartering, and in the early 1990s he moved into shipping finance where he served as a deal-maker and analyst with a leading maritime merchant bank. Since the late 1990s he has worked for a group of select clients on various maritime projects, also remaining active as a writer. Barry Parker is the author of an Eco-tanker study for CLSA and a presentation to the Baltic Exchange Freight Market User Group on the arbitrage of tanker FFAs with listed tanker equities. Subscribe and get the latest industry news, analysis and more straight to your inbox.

Collision between bulker and towing boat occurred just two minutes after the bulker's pilot's 39-minute phone call ended, according to NTSB report. August 6, 2026 A pilot directing bulk carrierYangze 7in 2024 was distracted by a 39-minute non-operational phone call in the run up to a fatal collision with towing vesselMiss Peggy, according to the National Transportation Safety Board (NTSB). The incident in the Houston Ship Channel causedMiss Peggyto capsize. Four of the towing vessel’s five crew were rescued by a nearby vessel, inlcuidng one with major injuries that required a week in intensive care, and one with minor injuries. The fifth crewmember, a deckhand who was in the galley at the time of the collision, was later found dead in the ship’s wreckage. NTSB said the pilot’s long phone call resulted in him not detectingMiss Peggyand that theYangze 7’s bridge team failed to maintain a proper lookout, so they also did not notice the towboat until it was less than a ship’s length ahead of their vessel. “Audio from the VDR of theYangze 7indicated that the pilot’s discussion included golfing in the Houston area, installation and financing of a home generator, and travel plans to France, as well as pilot scheduling assignments, operations, and office logistics unrelated to current operations,” the NTSB report said. Related:Salvage sector under strain as income tumbles 53% The pilot repeatedly paused his phone conversation, carried out using a Bluetooth earpiece, to issue orders in the minutes before the collision. The captain ofMiss Peggyfailed to maintain a proper lookout and did not detectYangze 7approaching from astern, according to NTSB. The captain of the towing vessel reported that the first time he saw the bulk carrier was after the collision, once he had swum from the sinking vessel. The investigators said it was likely that the use by pilots of personal electronic devices like mobile phones had become normalised over time as there was no policy against their use. That theory is supported by the fact that the long phone call unrelated to operations by theYangze 7pilot was to another pilot who was also directing another vessel in the channel at the time, Panama-flagged tankerPetrel. The end of the phone call was two minutes before the collision. NTSB also noted that the bridge team ofYangze 7could hear the pilot’s phone call and that it was not related to ship operations, but concerns were not raised to the pilot. Their failure to raise concerns showed ineffective bridge resource management, NSTB claimed. The factors all ultimately contributed to a loss of situational awareness for the pilot and crews of the vessels involved. The NTSB has recommended that the US Coast Guard prohibit the non-operational use of electronic devices by pilots and those directing movements of vessels within USCG jurisdiction. It also recommended that the American Pilots’ Association develop and implement guidance prohibiting non-operational use of personal electronic devices by pilots directing vessel movements. Related:Shipyard fire losses and blind spot underwriting still cannot see Read more about: Gary Howard Middle East correspondent Gary Howard is the Middle East Correspondent for Seatrade Maritime News and has written for Seatrade Cruise, Seatrade Maritime Review and was News Editor at Lloyd’s List. Gary’s maritime career started after catching the shipping bug during a research assignment for the offshore industry. Working out of Seatrade's head office in the UK, he also produces and contributes to conference programmes for Seatrade events including CMA Shipping, Seatrade Maritime Logistics Middle East and Marintec. Gary’s favourite topics within the maritime industry are decarbonisation and wind-assisted propulsion; he particularly enjoys reporting from industry events. Gary Howard regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars. Ports of Refuge: Strengthening Maritime Resilience, at Seatrade Maritime Logistics Middle East 2025 Debunking LEO and Cloud for Maritime Industry, December 2022 (watch on-demand recording) Making Data Work for Shipping at Seatrade ShipTech Virtual 2021 Is the Zero-Carbon Future a Slow Shipping Future?at Seatrade ShipTech Virtual 2021 Is Ship Finance Transforming Faster than Shipping?at Seatrade ShipTech Virtual 2021

Container throughput up 3% at the US energy gateway port that has plans for a new box terminal July 24, 2026 Port Houston handled 2.22 million teu through the first half of the year up 3% on the same period last year. It was also the highest first-half container volume in the port’s history. As shippers’ frontloaded shipments ahead of the peak season June saw an 18% year-on-year jump in container volumes driven by a 27% jump in loaded imports. Crude oil and refined products together account for more than half of all tonnage moving through the region, reinforcing its role as a leadingUSenergy gateway. Port Houston has approved a package of projects to expand the ports with berth upgrades,- a proposed new container terminal and the next phase of channel deepening. According to Port Houston, the project would develop a new cargo terminal on Spilman Island, including two vessel berthing slips and associated improvements to the Houston Ship Channel. The work will include preparation of an environmental impact statement and support for the US Army Corps of Engineers permitting process, covering emergency dredging and advanced engineering work for the east end of the Bayport Container Terminal. Related:DP World seeks to bypass Hormuz with new Fujairah terminals The port has completed commissioning four new STS cranes at Bayport Container Terminal, bringing the terminal’s operational fleet to 21 cranes as the port continues to expand capacity amid strong cargo growth. Read more about: Michele Labrut Americas Correspondent Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America. Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s. Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks. Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama. In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

Will it be second time lucky for Maersk's bid to bring MECL back to shorter, faster Red Sea route? July 9, 2026 Maerskhas taken another step in its return to the Red Sea with the announcement that its MECL service will once again transit theSuez Canal. News of the return of theIndia-Middle East-USEast Coast service to the shorter route via Suez follows a recent announcement thatMaersk's joint AE15/SE3 service under the Gemini Cooperationwill be returning to the Red Sea. Another positive indicator for the shorter route wasMajestic Maersk'srecently-completed successful transit of the Red Sea, said Maersk. The Danish shipping company attempted to bring MECL back to the Red Sea earlier this year,announcing in January that the first MECL ships to take Suez were already underway. Plans for the service change had been shelved by March as conflict broke out between Iran and the US and increased the risk to shipping in the region. The return to the faster trans-Suez route for the MECL service will cut seven days from westbound sailings and 14 days from eastbound sailings, the line said. Related:Xeneta: ‘What a difference another crisis makes’ for container shipping The first westbound sailing will beMaersk Denver, whileMaersk Chicagowill be first to take the new eastbound route. As part of its Red Sea return, MECL will also callSaudi Arabi'sJeddah on the eastbound voyage from August, giving the eastbound port rotation Charleston – Savannah – Houston – Norfolk – Newark – Tangiers – Jeddah – Salalah – Mundra – Pipavav – Nhava Sheva. Shipping companies began rerouting their ships away from the Suez Canal and Red Sea route when Yemen’s Houthi started attacking merchant ships off Yemen’s coast in late 2023, leading to widespread disruption as trade lanes adjusted and squeezed available ship capacity. Maersk said it will continue to monitor the security situation in the Middle East very closely and that the safety of crew, vessels, and customers’ cargo remains its highest priority. The Houthi have threatened to target ships in the Red Sea linked to Israel since the war in Iran broke out in February, and there has been a recent resurgence in pirate attacks in the south of the Red Sea, although the higher speeds and freeboard of containerships tends to make them more difficult targets for pirates on skiffs. Sailing via the Cape of Good Hope soaks up around 2m teu of capacity in the container shipping market. A return to Suez will put downward pressure on freight rates as that capacity is unlocked,adding to the impact of ongoing newbuild deliveries. Container lines tested a return to Suez in late 2025 and early 2026, which led to CMA CGM announcing a return to Red Sea routing for certain services in January this yearbefore rolling back the decision within days, while Maersk's messaging on Suez transitsled to a "bizarre" week for shippersin February. Related:Seapsan and Maersk unveil efficiency drive across 18 ships Read more about: Gary Howard Middle East correspondent Gary Howard is the Middle East Correspondent for Seatrade Maritime News and has written for Seatrade Cruise, Seatrade Maritime Review and was News Editor at Lloyd’s List. Gary’s maritime career started after catching the shipping bug during a research assignment for the offshore industry. Working out of Seatrade's head office in the UK, he also produces and contributes to conference programmes for Seatrade events including CMA Shipping, Seatrade Maritime Logistics Middle East and Marintec. Gary’s favourite topics within the maritime industry are decarbonisation and wind-assisted propulsion; he particularly enjoys reporting from industry events. Gary Howard regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars. Ports of Refuge: Strengthening Maritime Resilience, at Seatrade Maritime Logistics Middle East 2025 Debunking LEO and Cloud for Maritime Industry, December 2022 (watch on-demand recording) Making Data Work for Shipping at Seatrade ShipTech Virtual 2021 Is the Zero-Carbon Future a Slow Shipping Future?at Seatrade ShipTech Virtual 2021 Is Ship Finance Transforming Faster than Shipping?at Seatrade ShipTech Virtual 2021

Caterpillar Marineis developing a production battery system for hybrid and fully electric vessels, targeting applications ranging from harbor tugs and ferries to inland workboats. Caterpillar Marine, Houston, is developing a production battery system for hybrid and fully electric vessels, targeting applications ranging from harbor tugs and ferries to inland workboats. In a fully electric configuration, the CAT marine battery system supplies the primary energy for vessel propulsion. In a hybrid installation, the batteries operate alongside Caterpillar engines, generators and other powertrain components, the company toldWorkBoat. The first production application uses lithium iron phosphate (LFP) chemistry. The liquid-cooled system has a 1C charge-and-discharge rate, operates at voltages up to 1,420 VDC and can be arranged in multiple rack configurations to fit within a vessel’s battery room. “We are developing a range of battery modules covering chemistries adapted to most duty cycles, with LFP as our first marine production application,” said Will Watson, marine product director at Caterpillar. Caterpillar expects tugs and ferries to be among the strongest candidates for the system because they generally operate close to shore, experience variable power demands and may have regular access to charging infrastructure. “Beyond tugs, the CAT marine battery system is suited to additional segments including ferries and inland vessels,” Watson said. “Every vessel is different and requires a customized approach specific to the application.” Tugs that alternate between high-power ship-assist work and periods of low-load operation or idling are among the earliest adopters, according to Watson. Pushboats and inland towboats could transition more gradually because of their continuous power requirements and long operating lives. “The strongest adoption we are seeing today for fully electric energy rooms is in the tug and ferry space: operations that stay close to shore and have variable power demands,” Watson said. “That duty cycle is adopting hybrid at a higher rate than constant-load vessels.” Point-to-point vessels and inland vessels with shoreside charging access also lend themselves to increased electrification. Hybrid systems may remain more practical for vessels operating at constant loads, over longer ranges or in areas with limited charging infrastructure. “Where duty cycles are constant or charging access is limited, a hybrid configuration is often the better fit,” Watson said. “Power options that include batteries and lower-carbon-intensity fuels are a way to modernize assets while avoiding heavy CapEx investments that are tied to the uncertainty of certain fuel economics and availability. Engine and battery technologies can be mutually supportive, and it’s important to design a path forward that aligns a vessel’s planned use with a vessel operator’s objectives.” Caterpillar describes that approach as the transition from a conventional engine room to an “energy room,” in which engines, batteries, generators, electric motors, power electronics and controls operate as an integrated system. “We can transform conventional engine rooms that are powered by CAT's range of diesel-powered marine engines into hybrid systems that combine our propulsion engines with electric motors, clutches, gensets, power electronics, controls and batteries,” Watson said. “The battery system works with CAT engines only, not third-party engines.” The battery system can operate independently in a fully electric installation and provides additional benefits when incorporated into a complete Caterpillar hybrid system, Watson said. Watson noted fully electric installations are generally easier to incorporate into new vessels than existing boats because of the space, weight, cooling and electrical requirements associated with a marine battery system. “It’s typically challenging to install a fully electric power system as a retrofit,” Watson said. Caterpillar is advising operators to consider future propulsion requirements while designing new vessels, even if they are not prepared to transition immediately to fully electric propulsion. “We’re advising operators that a modest CapEx investment when building a new vessel can provide long-term flexibility,” Watson said. “As operators plan for newbuilds, we’re seeing a growing number incorporate fully electric 100% marine battery-powered systems. However, many operators are continuing to incorporate hybrid powertrain options in newbuilds to allow them more flexibility.” Retrofits could still allow operators to lower ownership costs and extend the useful lives of existing vessels, Watson said. Each potential project, however, requires a review of the vessel’s design, configuration and operating profile. “Given operators’ substantial investments in their existing fleets, retrofits enable operators to achieve a lower total cost of ownership and maximize the ROI with their current vessels,” Watson said. The CAT battery system is designed to respond rapidly during towing, acceleration, dynamic positioning and other high-power operations. “The marine battery system is capable of discharging energy much faster than traditional batteries,” Watson said. “This enables the system to deliver instant torque and crucial stabilization when operators need it.” In a hybrid configuration, the battery can respond to sudden load changes while the vessel’s engines increase output. “This eliminates the lag that’s experienced with conventional systems, and it enables main engines to ramp up without risking a blackout,” Watson said. Each battery module is sealed, and its liquid-cooling circuit is isolated from the module’s interior. The system also incorporates leakage detection. Caterpillar’s battery management system continuously monitors cell and module temperatures, charge levels and battery health. “Our battery module is liquid cooled to maintain optimal cell temperatures and protect battery health during high-power maneuvers,” Watson said. The rackable configuration allows Caterpillar to tailor the number and arrangement of modules to a vessel’s power requirements and available space. The 1C rate means a battery could be charged in about one hour, although actual charging times would depend on the installation and available charging capacity. “The CAT marine battery system supports efficient charging with a 1C charge and discharge rate,” Watson said. “With this technical specification, a battery could be charged in approximately one hour, depending upon specific configuration and vessel requirements.” Caterpillar is designing the systems around vessel drydock schedules, with battery replacement initially targeted at intervals of approximately five years, followed by 10 and eventually 15 years as the technology develops. “Correctly matching a battery to how a vessel is actually operated and its specific application is key to maximizing battery life,” Watson said. “We’re designing these systems to align with vessel drydock cycles, with replacement targeted at roughly five, then ten, and eventually fifteen years.” The system is serviceable at the module level. Fuses, contactors and electronic control modules can be serviced onboard by qualified technicians with specialized training and tooling. “The battery system is serviceable at the module level, with spares such as fuses, contactors, and ECMs serviceable onboard,” Watson said. “The CAT Battery Management System, combined with add-on telematics, provides monitoring, alerts, faults, and prognostics that help operators plan service events and minimize downtime.” For hybrid vessels, using batteries to manage variable loads can allow engines to operate closer to their most efficient range, reducing fuel consumption and engine wear. “For hybrid systems, operating the combustion engine in its optimal range reduces wear and fuel consumption and extends engine life, which factors into hybrid payback,” Watson said. The system is IEC compliant and CE certified, according to Watson. Caterpillar is also pursuing approvals from the major marine classification societies. “We’re also targeting compliance with ABS, DNV, BV, RINA and Lloyds,” Watson said. Caterpillar has not opened a public order book for the system. Operators interested in pilot projects or early applications are being directed to their Caterpillar Marine account managers. Watson said commercial marine charging and hybrid systems remain largely customized, but he expects greater standardization as adoption increases. “Hybrid systems are still in a custom phase,” he said. “Over time, more standardized production options will emerge, as they did with conventional engines.” Caterpillar expects batteries to form one component of a broader marine energy mix that includes conventional engines and engines capable of operating on lower-carbon fuels such as biofuels and methanol. “Given the broad range of operating conditions, variances in fuel availability by region and vessel operator goals we encounter, Caterpillar Marine anticipates a multi-energy future for workboats,” Watson said. “Flexibility is key which is why we offer a comprehensive suite of solutions from combustion engines that can operate on lower carbon-intensity fuels (including biofuels and methanol) to hybrid powertrains to fully electric power systems.” “No single solution fits every vessel, which is why we customize each power system to be ideal for not only the vessel but also how it’s operated and its purpose,” he added. Ben Hayden is a Maine resident who grew up in the shipyards of northern Massachusetts. He can be reached at (207) 842-5430 and[email protected].

U.S. offshore engineering and construction player McDermott has secured its first subsea contract with Eni for the first gas development in Cyprus. Operated by Eni and located in deep offshore waters approximately 185 kilometers southwest of the coast of Cyprus, in offshore Block 6, Cronos was discovered in 2022 and appraised in 2024. Thefinal investment decision (FID)for the project was reported in July. Under the contract secured with Eni Cyprus Limited, McDermott will provide project management, engineering, procurement and installation support for the development of the gas field. The project will be carried out by the Subsea and Floating Facilities team with expertise and resources from Houston, Perth, London and Kuala Lumpur, supported by the company’s marine construction fleet. McDermott described the contract as substantial, which it says is worth between $500 million and $750 million. “This award demonstrates the strength of McDermott’s integrated subsea engineering, procurement, construction and installation capabilities and reflects the value we bring through our technical expertise and differentiated deepwater asset, the Amazon,”saidMahesh Swaminathan, McDermott’s Senior Vice President, Subsea and Floating Facilities.“Our global execution teams, supported by reliable local partnerships, will help advance the Cronos development safely and efficiently.” Cronos will be developed through four subsea wells and will partly rely on existing facilities in Egypt. Gas will be transported by subsea pipeline from Cyprus to Egypt, where it will be processed in Zohr facilities and then liquefied at the Damietta LNG terminal before being exported to international markets, primarily Europe. Production start-up is expected in 2028, with a plateau of around 500 million cubic feet per day (Mcf/d), equivalent to around 2.8 million tons of LNG per year (Mtpa), 50% of which will be marketed by TotalEnergies. Take the spotlight and anchor your brand in the heart of the offshore world! Join us for a bigger impact and amplify your presence at the core hub of the offshore energy community!

Search across reports, market insights, and blog stories. A Panamanian delegation focused on maritime shipping traveled to Illinois and Texas to examine U.S. ethanol output and its promise as a sustainable marine fuel (SMF). The US Grains & BioProducts Council (USGBC) arranged the visit, with Federico Salcedo, Latin America (LTA) regional ethanol strategy lead; Marcelo Velazquez, LTA regional ethanol consultant; and Emma Freebairn, manager of global ethanol programs, serving as hosts. Salcedo highlighted Panama's pivotal position in global shipping, given its oversight of the Panama Canal and its status as home to one of the largest ship registries worldwide. As the maritime industry moves toward decarbonization targets set by the International Maritime Organization's greenhouse gas strategy, Panama is well placed to assess low-carbon marine fuel options that are both technically and commercially feasible. He added that the initiative deepened technical expertise, reinforced institutional ties, and gave Panamanian representatives direct exposure and connections to aid maritime decarbonization while fostering trust in ethanol as a credible low-carbon marine fuel. The itinerary commenced in Chicago, where the group visited the University of Illinois-Chicago's Energy Resources Center and engaged with Dr. Steffen Mueller and members of Growth Energy, a USGBC affiliate, covering the U.S. ethanol sector, market trends, and ethanol's place in emerging low-carbon fuel routes and agricultural sustainability. Subsequently, Argonne National Laboratory hosted the delegation for a briefing on cutting-edge biofuels research, including the GREET model. Marquis Energy, another USGBC member, provided a tour of its Hennepin ethanol facility the following day, offering insight into production methods, carbon capture systems, and the export supply chain for ethanol. USGBC Past Chairman Mark Wilson then welcomed the group to his Toulon farm, where he displayed his corn fields and discussed the climate-smart farming techniques employed by U.S. growers. In Houston, Texas, the delegation toured Advario and Eco-Energy, a USGBC member, examining liquid bulk storage sites and an export terminal to grasp the logistics of shipping U.S. biofuels abroad. Everllence then demonstrated its engine lineup and their preparedness for widespread SMF use. A session with the American Bureau of Shipping (ABS) rounded out the group's comprehension of the U.S. biofuel export chain, addressing safety protocols, shipping regulations, bunkering norms, and risk management tied to ethanol as a marine fuel. Salcedo noted that bioethanol presents an immediately accessible and expandable route to cut the carbon intensity of marine fuels, whether used directly or as a renewable input for SMF generation. He emphasized that U.S. ethanol continues to lower its lifecycle carbon footprint via improvements in farming methods, production efficiency, renewable energy adoption, and carbon capture, with these gains measured through robust lifecycle assessment frameworks such as the GREET model. Making Data-Driven Decisions to Grow Your Business A Quick Overview of Market Performance Understanding the Current State of The Market and its Prospects Finding New Products to Diversify Your Business Choosing the Best Countries to Establish Your Sustainable Supply Chain Choosing the Best Countries to Boost Your Export The Latest Trends and Insights into The Industry The Largest Import Supplying Countries The Largest Destinations for Exports The Largest Producers on The Market and Their Profiles The Largest Markets And Their Profiles Instant access. No credit card needed. Online access to 2M+ reports, dashboards, and tables. Trusted by Fortune 500 teams.

Comune di Porto San Giorgio Il sindaco Valerio Vesprini ha ricevuto ieri in Comune il direttore marittimo delle Marche, l’ammiraglio Massimo Seno. E’ stato accompagnato dal capitano di fregata Giuseppe Quattrocchi e dal comandante del Circondario marittimo sangiorgese Angelo Picone. L’incontro è stato l’occasione per parlare di vari aspetti, dallo sviluppo dell’economia blu alla sostenibilità ambientale, passando per la sicurezza dei bagnanti e della navigazione. Seno ha ringraziato l’Amministrazione comunale per l’ospitalità nella sede e la collaborazione prestata in questi anni. Alla presenza dell’assessore Fabio Senzacqua si è anche parlato della futura sede della Capitaneria, prevista all’ingresso dell’area portuale diversamente da quanto era previsto nel precedente piano regolatore. La soluzione è stata ritenuta dal sindaco “più logica e idonea per le necessità nelle attività”. Si è inoltre parlato del porto, delle recenti azioni messe in atto dall’Amministrazione e della collaborazione in essere per procedure come, ad esempio, l’incameramento dei beni. “Da parte del direttore è stata espressa comprensione e massima disponibilità al confronto” ha aggiunto Vesprini il quale, prima dei saluti, ha donato al direttore un crest del Comune. Comune di Porto San Giorgio Il sindaco Valerio Vesprini ha ricevuto ieri in Comune il direttore marittimo delle Marche, l’ammiraglio Massimo Seno. E’ stato accompagnato dal capitano di fregata Giuseppe Quattrocchi e dal comandante del Circondario marittimo sangiorgese Angelo Picone. L’incontro è stato l’occasione per parlare di vari aspetti, dallo sviluppo dell’economia blu alla sostenibilità ambientale, passando per la sicurezza dei bagnanti e della navigazione. Seno ha ringraziato l’Amministrazione comunale per l’ospitalità nella sede e la collaborazione prestata in questi anni. Alla presenza dell’assessore Fabio Senzacqua si è anche parlato della futura sede della Capitaneria, prevista all’ingresso dell’area portuale diversamente da quanto era previsto nel precedente piano regolatore. La soluzione è stata ritenuta dal sindaco “più logica e idonea per le necessità nelle attività”. Si è inoltre parlato del porto, delle recenti azioni messe in atto dall’Amministrazione e della collaborazione in essere per procedure come, ad esempio, l’incameramento dei beni. “Da parte del direttore è stata espressa comprensione e massima disponibilità al confronto” ha aggiunto Vesprini il quale, prima dei saluti, ha donato al direttore un crest del Comune. Dal mare ai Sibillini: la vecchia ferrovia Porto San... Marche - Tregua dal caldo: attesi temporali, grandinate e... Gelato artigianale, le Marche sopra la media italiana: nel... Incidente a Servigliano, ciclista trasportato in eliambulanza... Da Houston arriva una speranza: Cristiano Recanati torna a... Comune di Porto San Giorgio Il sindaco Valerio Vesprini ha ricevuto ieri in Comune il direttore marittimo delle Marche, l’ammiraglio Massimo Seno. E’ stato accompagnato dal capitano di fregata Giuseppe Quattrocchi e dal comandante del Circondario marittimo sangiorgese Angelo Picone. L’incontro è stato l’occasione per parlare di vari aspetti, dallo sviluppo dell’economia blu alla sostenibilità ambientale, passando per la sicurezza dei bagnanti e della navigazione. Seno ha ringraziato l’Amministrazione comunale per l’ospitalità nella sede e la collaborazione prestata in questi anni. Alla presenza dell’assessore Fabio Senzacqua si è anche parlato della futura sede della Capitaneria, prevista all’ingresso dell’area portuale diversamente da quanto era previsto nel precedente piano regolatore. La soluzione è stata ritenuta dal sindaco “più logica e idonea per le necessità nelle attività”. Si è inoltre parlato del porto, delle recenti azioni messe in atto dall’Amministrazione e della collaborazione in essere per procedure come, ad esempio, l’incameramento dei beni. “Da parte del direttore è stata espressa comprensione e massima disponibilità al confronto” ha aggiunto Vesprini il quale, prima dei saluti, ha donato al direttore un crest del Comune.

Dubai-based offshore vessel specialist Astro Offshore and Houston-headquartered subsea technology and services provider Oceaneering International are joining forces to target integrated offshore and subsea projects, backed by the addition of the UAE firm’s first DP3 multi-purpose support vessel (MPSV). Astro Offshore has signed a memorandum of understanding (MOU) with Oceaneering, describing it as an important milestone in the company’s strategy to expand its offshore and subsea capabilities. The collaboration brings together the UAE player’s offshore vessel capabilities with the U.S. firm’s remotely operated vehicle (ROV), survey, and integrated project delivery expertise, enabling the duo to pursue and deliver offshore and subsea projects. According to Astro Offshore, the agreement creates an integrated solution capable of supporting customers across a wider range of offshore operations by combining complementary strengths. The firm has acquiredAstro Aurora, as its first DP3 MPSV, which is expected to play a key role in delivering projects under the partnership and supporting the next phase of growth. The Dubai-based player emphasizes that this vessel provides the specialist capability required to support Oceaneering’s subsea services, strengthening the companies’ ability to undertakeincreasingly complex offshore and subsea operations. This content is available after accepting the cookies. Oceaneering strengthens 20-year presence in Qatar with new five-year contract The 100-meter DP3 vessel is equipped with a 150-ton active heave compensated (AHC) crane, a 40-ton knuckle boom crane and approximately 1,000 square meters of clear deck space. As a result, the company highlights that this makes the MPSV ideally suited for subsea construction, inspection, maintenance, repair and offshore support activities. The acquisition follows therecent additionofAstro Atlas, Astro Offshore’s first ultra-deepwater vessel. This content is available after accepting the cookies. 2021-built vessel opens ultra-deepwater market doors for Astro Offshore Mark Humphreys, Chief Executive Officer of Astro Offshore, commented:“Our strategic collaboration with Oceaneering is an important milestone for Astro Offshore as we continue to grow our offshore and subsea capabilities. “By combining our investment in specialist vessels such as Astro Aurora with Oceaneering’s world-class subsea expertise, we’re creating new opportunities to pursue larger and more complex subsea projects. This partnership strengthens our offering to customers and represents another important step in our long-term growth strategy.” The strategic MOU reflects both companies’ commitment to delivering integrated offshore and subsea solutions by combining complementary expertise, assets and operational excellence. Take the spotlight and anchor your brand in the heart of the offshore world! Join us for a bigger impact and amplify your presence at the core hub of the offshore energy community!

NavigatorNYSE: NVGSreported record second-quarter results for 2026, citing higher shipping demand, elevated time charter equivalent rates and record throughput at its Morgan’s Point ethylene export terminal. The company said it had no vessels operating in or transiting the Strait of Hormuz and had not experienced material operational effects from the Middle East conflict. However, management said shipping disruptions have supported demand for North American commodity exports and increased vessel inefficiencies across key trade routes. “Q2 2026 was an exceptional quarter,” management said during the earnings call, pointing to all-time highs for net income, EBITDA, earnings per share and average TCE rates.GetNavigatoralerts:Sign UpRecord Earnings and Shipping RatesNavigator reported net income attributable to stockholders of $53.0 million, or $0.86 per share, compared with $21.5 million, or $0.31 per share, in the second quarter of 2025. EBITDA reached a record $101.6 million, up from $80.3 million in the first quarter and $71.9 million a year earlier. Adjusted EBITDA was $86.4 million, compared with $65.0 million in the prior quarter and $60.1 million in the year-earlier period.Average TCE rates rose to a record $33,946 per day, exceeding $29,684 per day in the first quarter and $28,216 per day in the second quarter of 2025. Fleet utilization was 90.8%, compared with 90.6% in the first quarter and 84.2% a year ago.Chief Financial Officer Gary Chapman said higher voyage expenses during the period were largely pass-through costs related to bunker fuel and other spot-voyage expenses. Vessel operating expenses were $47.1 million, broadly unchanged in dollar terms, although daily operating costs increased due to crewing, logistics and the timing of project-related costs.Navigator’s all-in cash breakeven estimate for 2026 increased to $21,990 per vessel per day from $21,230 in the prior-quarter estimate, primarily because the pending sale of eight Unigas Pool vessels will reduce the number of fleet ownership days over which costs are spread.Ethylene Terminal Sets Throughput RecordThe company’s Morgan’s Point ethylene export terminal processed a record 374,278 tonnes during the quarter. Navigator’s share of terminal results, reflected in equity-method investment income, was $7.1 million, up from $4.8 million in the prior-year quarter.Executive Vice President Randy Giveans said international demand for U.S. ethylene rose during the quarter as higher oil-based naphtha prices supported the economics of U.S. supply. The company has signed four new terminal offtake contracts so far this year, including one that began in June, and said discussions with additional potential customers remain active.Giveans said terminal throughput is expected to decline during the third quarter due to lower naphtha prices, global inventory destocking, European cracker restarts and seasonal summer operating conditions in Houston. He said the terminal can process roughly 1.55 million tonnes annually.Fleet Sales, Newbuild Financing and LiquidityNavigator continued to reshape its fleet during the quarter. In April, the company sold the 2009-built Navigator Pegasus for $30.5 million, recording a $15.3 million gain. In July, Navigator entered definitive agreements to sell eight Unigas vessels for $183 million.The company expects most Unigas vessel sales to close in the third quarter, with some potentially extending into October. After associated debt repayment, net cash proceeds are expected to total about $129 million, and Navigator expects a book gain of $65 million to $70 million.Cash equivalents and restricted cash totaled $274 million at June 30, rising to $362 million as of Aug. 3 following financing drawdowns.Net debt was $653 million at quarter-end, while net debt to last-12-month adjusted EBITDA declined to 2.2 times from 2.5 times at March 31.The company said loan-to-fleet value was about 31%, or below 30% when including a value for its Morgan’s Point investment.Navigator has completed financing arrangements for all six of its vessels under construction: four Panda ethane/ethylene carriers and two Coral ammonia carriers.Chapman said Navigator drew more than $91 million under revolving credit facilities in April as a precaution amid geopolitical uncertainty. The facilities remain fully drawn, though the company expects to repay them in coming months as proceeds from the Unigas sale are received.The company also said its investment in Azane Fuel Solutions is progressing toward a final investment decision for three ammonia bunkering terminals on Norway’s west coast. According to management, the Norwegian government awarded Azane NOK 442 million, or about $45 million, which Navigator said would cover 80% of planned capital expenditures for the terminals.Capital Returns and Third-Quarter OutlookNavigator’s board declared a second-quarter dividend of $0.07 per share, payable Sept. 1 to shareholders of record as of Aug. 19. The company expects to return 35% of second-quarter net income to shareholders, consisting of the $4.3 million dividend and approximately $14.2 million in planned share repurchases through Sept. 30.Beginning in the third quarter, Navigator plans to increase the fixed component of its quarterly dividend to $0.08 per share, while maintaining its policy under which fixed and variable capital returns together equal 35% of net income attributable to stockholders, subject to board approval.For the third quarter, management expects TCE rates, utilization and terminal volumes to moderate from second-quarter records. Chief Commercial Officer Oeyvind Lindeman said the Clarksons 12-month time-charter assessment has declined to pre-Hormuz levels after rising during the second quarter, though he characterized those levels as still robust.Management said the longer-term market outlook remains supported by growing U.S. natural gas liquids production, demand for reliable North American supply chains and a limited handysize vessel order book. Navigator said the order book represents 11% of the operating handysize fleet, while 17% of vessels are more than 25 years old.About Navigator (NYSE:NVGS)Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company's fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator's vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed.Add As Preferred SourceShould You Invest $1,000 in Navigator Right Now?Before you consider Navigator, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navigator wasn't on the list.While Navigator currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here7 Energy Stocks to Buy and Hold ForeverWith the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.Get This Free Report Navigator reported net income attributable to stockholders of $53.0 million, or $0.86 per share, compared with $21.5 million, or $0.31 per share, in the second quarter of 2025. EBITDA reached a record $101.6 million, up from $80.3 million in the first quarter and $71.9 million a year earlier. Adjusted EBITDA was $86.4 million, compared with $65.0 million in the prior quarter and $60.1 million in the year-earlier period. Average TCE rates rose to a record $33,946 per day, exceeding $29,684 per day in the first quarter and $28,216 per day in the second quarter of 2025. Fleet utilization was 90.8%, compared with 90.6% in the first quarter and 84.2% a year ago. Chief Financial Officer Gary Chapman said higher voyage expenses during the period were largely pass-through costs related to bunker fuel and other spot-voyage expenses. Vessel operating expenses were $47.1 million, broadly unchanged in dollar terms, although daily operating costs increased due to crewing, logistics and the timing of project-related costs. Navigator’s all-in cash breakeven estimate for 2026 increased to $21,990 per vessel per day from $21,230 in the prior-quarter estimate, primarily because the pending sale of eight Unigas Pool vessels will reduce the number of fleet ownership days over which costs are spread.Ethylene Terminal Sets Throughput RecordThe company’s Morgan’s Point ethylene export terminal processed a record 374,278 tonnes during the quarter. Navigator’s share of terminal results, reflected in equity-method investment income, was $7.1 million, up from $4.8 million in the prior-year quarter.Executive Vice President Randy Giveans said international demand for U.S. ethylene rose during the quarter as higher oil-based naphtha prices supported the economics of U.S. supply. The company has signed four new terminal offtake contracts so far this year, including one that began in June, and said discussions with additional potential customers remain active.Giveans said terminal throughput is expected to decline during the third quarter due to lower naphtha prices, global inventory destocking, European cracker restarts and seasonal summer operating conditions in Houston. He said the terminal can process roughly 1.55 million tonnes annually.Fleet Sales, Newbuild Financing and LiquidityNavigator continued to reshape its fleet during the quarter. In April, the company sold the 2009-built Navigator Pegasus for $30.5 million, recording a $15.3 million gain. In July, Navigator entered definitive agreements to sell eight Unigas vessels for $183 million.The company expects most Unigas vessel sales to close in the third quarter, with some potentially extending into October. After associated debt repayment, net cash proceeds are expected to total about $129 million, and Navigator expects a book gain of $65 million to $70 million.Cash equivalents and restricted cash totaled $274 million at June 30, rising to $362 million as of Aug. 3 following financing drawdowns.Net debt was $653 million at quarter-end, while net debt to last-12-month adjusted EBITDA declined to 2.2 times from 2.5 times at March 31.The company said loan-to-fleet value was about 31%, or below 30% when including a value for its Morgan’s Point investment.Navigator has completed financing arrangements for all six of its vessels under construction: four Panda ethane/ethylene carriers and two Coral ammonia carriers.Chapman said Navigator drew more than $91 million under revolving credit facilities in April as a precaution amid geopolitical uncertainty. The facilities remain fully drawn, though the company expects to repay them in coming months as proceeds from the Unigas sale are received.The company also said its investment in Azane Fuel Solutions is progressing toward a final investment decision for three ammonia bunkering terminals on Norway’s west coast. According to management, the Norwegian government awarded Azane NOK 442 million, or about $45 million, which Navigator said would cover 80% of planned capital expenditures for the terminals.Capital Returns and Third-Quarter OutlookNavigator’s board declared a second-quarter dividend of $0.07 per share, payable Sept. 1 to shareholders of record as of Aug. 19. The company expects to return 35% of second-quarter net income to shareholders, consisting of the $4.3 million dividend and approximately $14.2 million in planned share repurchases through Sept. 30.Beginning in the third quarter, Navigator plans to increase the fixed component of its quarterly dividend to $0.08 per share, while maintaining its policy under which fixed and variable capital returns together equal 35% of net income attributable to stockholders, subject to board approval.For the third quarter, management expects TCE rates, utilization and terminal volumes to moderate from second-quarter records. Chief Commercial Officer Oeyvind Lindeman said the Clarksons 12-month time-charter assessment has declined to pre-Hormuz levels after rising during the second quarter, though he characterized those levels as still robust.Management said the longer-term market outlook remains supported by growing U.S. natural gas liquids production, demand for reliable North American supply chains and a limited handysize vessel order book. Navigator said the order book represents 11% of the operating handysize fleet, while 17% of vessels are more than 25 years old.About Navigator (NYSE:NVGS)Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company's fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator's vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed.Add As Preferred SourceShould You Invest $1,000 in Navigator Right Now?Before you consider Navigator, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navigator wasn't on the list.While Navigator currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here7 Energy Stocks to Buy and Hold ForeverWith the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.Get This Free Report The company’s Morgan’s Point ethylene export terminal processed a record 374,278 tonnes during the quarter. Navigator’s share of terminal results, reflected in equity-method investment income, was $7.1 million, up from $4.8 million in the prior-year quarter. Executive Vice President Randy Giveans said international demand for U.S. ethylene rose during the quarter as higher oil-based naphtha prices supported the economics of U.S. supply. The company has signed four new terminal offtake contracts so far this year, including one that began in June, and said discussions with additional potential customers remain active. Giveans said terminal throughput is expected to decline during the third quarter due to lower naphtha prices, global inventory destocking, European cracker restarts and seasonal summer operating conditions in Houston. He said the terminal can process roughly 1.55 million tonnes annually.Fleet Sales, Newbuild Financing and LiquidityNavigator continued to reshape its fleet during the quarter. In April, the company sold the 2009-built Navigator Pegasus for $30.5 million, recording a $15.3 million gain. In July, Navigator entered definitive agreements to sell eight Unigas vessels for $183 million.The company expects most Unigas vessel sales to close in the third quarter, with some potentially extending into October. After associated debt repayment, net cash proceeds are expected to total about $129 million, and Navigator expects a book gain of $65 million to $70 million.Cash equivalents and restricted cash totaled $274 million at June 30, rising to $362 million as of Aug. 3 following financing drawdowns.Net debt was $653 million at quarter-end, while net debt to last-12-month adjusted EBITDA declined to 2.2 times from 2.5 times at March 31.The company said loan-to-fleet value was about 31%, or below 30% when including a value for its Morgan’s Point investment.Navigator has completed financing arrangements for all six of its vessels under construction: four Panda ethane/ethylene carriers and two Coral ammonia carriers.Chapman said Navigator drew more than $91 million under revolving credit facilities in April as a precaution amid geopolitical uncertainty. The facilities remain fully drawn, though the company expects to repay them in coming months as proceeds from the Unigas sale are received.The company also said its investment in Azane Fuel Solutions is progressing toward a final investment decision for three ammonia bunkering terminals on Norway’s west coast. According to management, the Norwegian government awarded Azane NOK 442 million, or about $45 million, which Navigator said would cover 80% of planned capital expenditures for the terminals.Capital Returns and Third-Quarter OutlookNavigator’s board declared a second-quarter dividend of $0.07 per share, payable Sept. 1 to shareholders of record as of Aug. 19. The company expects to return 35% of second-quarter net income to shareholders, consisting of the $4.3 million dividend and approximately $14.2 million in planned share repurchases through Sept. 30.Beginning in the third quarter, Navigator plans to increase the fixed component of its quarterly dividend to $0.08 per share, while maintaining its policy under which fixed and variable capital returns together equal 35% of net income attributable to stockholders, subject to board approval.For the third quarter, management expects TCE rates, utilization and terminal volumes to moderate from second-quarter records. Chief Commercial Officer Oeyvind Lindeman said the Clarksons 12-month time-charter assessment has declined to pre-Hormuz levels after rising during the second quarter, though he characterized those levels as still robust.Management said the longer-term market outlook remains supported by growing U.S. natural gas liquids production, demand for reliable North American supply chains and a limited handysize vessel order book. Navigator said the order book represents 11% of the operating handysize fleet, while 17% of vessels are more than 25 years old.About Navigator (NYSE:NVGS)Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company's fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator's vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed.Add As Preferred SourceShould You Invest $1,000 in Navigator Right Now?Before you consider Navigator, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navigator wasn't on the list.While Navigator currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here7 Energy Stocks to Buy and Hold ForeverWith the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.Get This Free Report Navigator continued to reshape its fleet during the quarter. In April, the company sold the 2009-built Navigator Pegasus for $30.5 million, recording a $15.3 million gain. In July, Navigator entered definitive agreements to sell eight Unigas vessels for $183 million. The company expects most Unigas vessel sales to close in the third quarter, with some potentially extending into October. After associated debt repayment, net cash proceeds are expected to total about $129 million, and Navigator expects a book gain of $65 million to $70 million.Cash equivalents and restricted cash totaled $274 million at June 30, rising to $362 million as of Aug. 3 following financing drawdowns.Net debt was $653 million at quarter-end, while net debt to last-12-month adjusted EBITDA declined to 2.2 times from 2.5 times at March 31.The company said loan-to-fleet value was about 31%, or below 30% when including a value for its Morgan’s Point investment.Navigator has completed financing arrangements for all six of its vessels under construction: four Panda ethane/ethylene carriers and two Coral ammonia carriers.Chapman said Navigator drew more than $91 million under revolving credit facilities in April as a precaution amid geopolitical uncertainty. The facilities remain fully drawn, though the company expects to repay them in coming months as proceeds from the Unigas sale are received.The company also said its investment in Azane Fuel Solutions is progressing toward a final investment decision for three ammonia bunkering terminals on Norway’s west coast. According to management, the Norwegian government awarded Azane NOK 442 million, or about $45 million, which Navigator said would cover 80% of planned capital expenditures for the terminals.Capital Returns and Third-Quarter OutlookNavigator’s board declared a second-quarter dividend of $0.07 per share, payable Sept. 1 to shareholders of record as of Aug. 19. The company expects to return 35% of second-quarter net income to shareholders, consisting of the $4.3 million dividend and approximately $14.2 million in planned share repurchases through Sept. 30.Beginning in the third quarter, Navigator plans to increase the fixed component of its quarterly dividend to $0.08 per share, while maintaining its policy under which fixed and variable capital returns together equal 35% of net income attributable to stockholders, subject to board approval.For the third quarter, management expects TCE rates, utilization and terminal volumes to moderate from second-quarter records. Chief Commercial Officer Oeyvind Lindeman said the Clarksons 12-month time-charter assessment has declined to pre-Hormuz levels after rising during the second quarter, though he characterized those levels as still robust.Management said the longer-term market outlook remains supported by growing U.S. natural gas liquids production, demand for reliable North American supply chains and a limited handysize vessel order book. Navigator said the order book represents 11% of the operating handysize fleet, while 17% of vessels are more than 25 years old.About Navigator (NYSE:NVGS)Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company's fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator's vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed.Add As Preferred SourceShould You Invest $1,000 in Navigator Right Now?Before you consider Navigator, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navigator wasn't on the list.While Navigator currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here7 Energy Stocks to Buy and Hold ForeverWith the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.Get This Free Report Chapman said Navigator drew more than $91 million under revolving credit facilities in April as a precaution amid geopolitical uncertainty. The facilities remain fully drawn, though the company expects to repay them in coming months as proceeds from the Unigas sale are received. The company also said its investment in Azane Fuel Solutions is progressing toward a final investment decision for three ammonia bunkering terminals on Norway’s west coast. According to management, the Norwegian government awarded Azane NOK 442 million, or about $45 million, which Navigator said would cover 80% of planned capital expenditures for the terminals.Capital Returns and Third-Quarter OutlookNavigator’s board declared a second-quarter dividend of $0.07 per share, payable Sept. 1 to shareholders of record as of Aug. 19. The company expects to return 35% of second-quarter net income to shareholders, consisting of the $4.3 million dividend and approximately $14.2 million in planned share repurchases through Sept. 30.Beginning in the third quarter, Navigator plans to increase the fixed component of its quarterly dividend to $0.08 per share, while maintaining its policy under which fixed and variable capital returns together equal 35% of net income attributable to stockholders, subject to board approval.For the third quarter, management expects TCE rates, utilization and terminal volumes to moderate from second-quarter records. Chief Commercial Officer Oeyvind Lindeman said the Clarksons 12-month time-charter assessment has declined to pre-Hormuz levels after rising during the second quarter, though he characterized those levels as still robust.Management said the longer-term market outlook remains supported by growing U.S. natural gas liquids production, demand for reliable North American supply chains and a limited handysize vessel order book. Navigator said the order book represents 11% of the operating handysize fleet, while 17% of vessels are more than 25 years old.About Navigator (NYSE:NVGS)Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company's fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator's vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed.Add As Preferred SourceShould You Invest $1,000 in Navigator Right Now?Before you consider Navigator, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navigator wasn't on the list.While Navigator currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here7 Energy Stocks to Buy and Hold ForeverWith the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.Get This Free Report Navigator’s board declared a second-quarter dividend of $0.07 per share, payable Sept. 1 to shareholders of record as of Aug. 19. The company expects to return 35% of second-quarter net income to shareholders, consisting of the $4.3 million dividend and approximately $14.2 million in planned share repurchases through Sept. 30. Beginning in the third quarter, Navigator plans to increase the fixed component of its quarterly dividend to $0.08 per share, while maintaining its policy under which fixed and variable capital returns together equal 35% of net income attributable to stockholders, subject to board approval. For the third quarter, management expects TCE rates, utilization and terminal volumes to moderate from second-quarter records. Chief Commercial Officer Oeyvind Lindeman said the Clarksons 12-month time-charter assessment has declined to pre-Hormuz levels after rising during the second quarter, though he characterized those levels as still robust. Management said the longer-term market outlook remains supported by growing U.S. natural gas liquids production, demand for reliable North American supply chains and a limited handysize vessel order book. Navigator said the order book represents 11% of the operating handysize fleet, while 17% of vessels are more than 25 years old.About Navigator (NYSE:NVGS)Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company's fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator's vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors.Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs).This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Continue following MarketBeatAdd MarketBeat as your preferred source on Google to see our latest stories in your feed.Add As Preferred SourceShould You Invest $1,000 in Navigator Right Now?Before you consider Navigator, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navigator wasn't on the list.While Navigator currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here7 Energy Stocks to Buy and Hold ForeverWith the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.Get This Free Report Navigator Holdings Ltd. is a global shipping company specializing in the seaborne transportation of liquefied gases. The company's fleet is purpose-built to carry a range of petrochemical gases, including liquefied petroleum gas (LPG), ethylene, propylene and ammonia. Navigator's vessels are designed to meet the stringent safety and environmental standards required for handling pressurized and refrigerated gases, offering flexible capacity to customers across the energy and chemical sectors. Navigator operates one of the largest and most modern fleets of gas carriers in the industry, with vessels ranging from fully pressurized gas carriers to specialized very large ethane carriers (VLECs). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com. Before you consider Navigator, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified thefive stocksthat top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Navigator wasn't on the list. While Navigator currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools and reports.

Houston-headquartered oil and gas company Murphy Oil is making inroads in developing an oil field off the coast of Vietnam, with the start-up on schedule for the next quarter. The firm is also pursuing other hydrocarbon projects not just in Southeast Asia, but also in other regions of the world. Murphy Oil has advanced itsLac Da Vang (Golden Camel)development project in Vietnam toward first oil by completing the pipeline installation work andlaunchinga floating storage and offloading (FSO) vessel, which will be deployed at the field. The firm has completed the installation of topsides andmobilized the FSOto its final location to breathe life into the project. As a result, the project remains on track and is expected to achieve first oil in the fourth quarter of this year. The company also spudded theLac Da Trang (White Camel) North-1Xexploration well in the Asian country’s Block 15-1/05. Aside from this, Murphy concluded theHai Su Vang (Golden Sea Lion)appraisal program in Vietnam with the completion of the Hai Su Vang-4X appraisal well, which was expensed as a dry hole. Meanwhile, the U.S.-headquartered player recentlyannounced an oil discoveryat theBubale-1Xexploration well in Block CI-709 offshore Côte d’Ivoire, with the well encountering 100 feet of net pay across two reservoirs. In addition, the company spudded theBubale West-1Xoffshore appraisal well in the African country’s Block CI-103. Murphy also completed drilling operations and initiated completion activities at theChinook #8development well in the Gulf of America (U.S. Gulf of Mexico). This well is expected to come online in the fourth quarter of 2026 with a gross initial production rate of around 15 million barrels of oil equivalent per day. The firm has expanded its full-year capital program to advance high-impact appraisal and development opportunities, increasing the CAPEX midpoint from $1.25 billion to $1.55 billion. This content is available after accepting the cookies. Murphy Oil makes oil discovery offshore Côte d’Ivoire Eric M. Hambly, Murphy Oil’s President and Chief Executive Officer, commented:“Murphy enters the second half of 2026 with a growing exploration pipeline and multiple pathways to long-term shareholder value creation. “Bubale-1X has broadened our opportunity set, Hai Su Vang has progressed from appraisal to development planning, and Lac Da Vang is nearing first oil. The breadth of our portfolio creates optionality, allowing us to prioritize the highest-value opportunities and maximize shareholder returns.” Take the spotlight and anchor your brand in the heart of the offshore world! Join us for a bigger impact and amplify your presence at the core hub of the offshore energy community!

Beacon Offshore Energy, a Texas-based exploration and production company, is preparing to begin drilling the second development well at a field in the Gulf of America (U.S. Gulf of Mexico), with first oil targeted for year-end 2026. The drilling is set to start on the secondMonumentdevelopment well, after the first development well, which wasdrilled to its total measured depthof 32,250 feet and encountered approximately 250 feet of net pay, confirmed pre-drill expectations. This will be followed by completion operations on both wells, with first production expected to be between 20–30 million barrels of oil equivalent per day (boe/d) gross by year-end 2026. Monument, a large Wilcox oil discovery in Walker Ridge blocks 271, 272, 315, and 316, is being developed as a subsea tie-back to theShenandoahproduction facility in Walker Ridge with committed firm capacity of 20 million barrels of oil per day. Beacon Offshore Energy, as the operator, has a 41.7% interest in the field, while its partners,Talos EnergyandNavitas Petroleum, hold the remaining 29.7% and 28.6%, respectively. This content is available after accepting the cookies. US Gulf oil production flow another well richer with more to come before year-end Meanwhile, Talos spudded theDaenerysappraisal well on July 1, 2026, with operations progressing according to plan and results expected by year-end. Theinitial discovery wellwas drilled to a total vertical depth of 33,228 feet utilizing theWest Veladrillship. Talos is the operator (27%) of the project, withShell Offshore(22.5%),Red Willow(22.5%),Houston Energy(10%),HEQ II Daenerys(9%), andCathexis(9%) as partners. The company also executed definitive agreements to acquire an 80% operated working interest in a block, spanning more than 4 million gross acres offshore Honduras, with CaribX retaining the remaining 20% working interest. Talos has closed on a 45% working interest and assumed operatorship, while the acquisition of the remaining 35% working interest is subject to approval by Honduras’ Secretaría de Energía (SEN), which is expected within approximately 90 days. The firm has the option to participate in an exploration well, subject to the results of the seismic program, with an initial 3D seismic campaign planned for the second half of 2026. Talos elaborated:“The acreage provides exposure to both shallow and deepwater exploration opportunities, including untested deepwater Miocene prospects within a working petroleum system. “The transaction is structured as a seismic carry and minimal sunk-cost reimbursement, providing access to large-scale exploration potential at a low entry cost.” Take the spotlight and anchor your brand in the heart of the offshore world! Join us for a bigger impact and amplify your presence at the core hub of the offshore energy community!

Portugalse prepara para poner en marcha enOportouna de las primeras instalaciones comerciales de Europa capaz de transformar residuos enmetanol verde. La compañía estadounidenseHyOrc Corporationconstruye allí un módulo que producirá hasta 1.000 kilos diarios de este combustible limpioa partir de desechos.La fabricación del módulo avanza desdejulio de 2026, con los principales componentes ya en producción, entre ellos los recipientes de proceso, los sistemas de control y las tuberías. Según elcomunicadode la empresa, el equipo está diseñado para undespliegue rápido.¿Cómo produce Oporto hasta 1.000 kilos diarios de metanol verde?El módulo instalado enOportoparte de unas 3 toneladas diarias decombustible derivado de residuos, un material preparado a partir de desechos, y las convierte en hasta una tonelada demetanol verdecada día. Ese rendimiento equivale a los 1.000 kilos que anticipa el proyecto.El proceso arranca con una fase degasificación, en la que los residuos se calientan a temperaturas de entre 850 y 1.100 grados dentro de un entorno con oxígeno controlado. De esa reacción se obtiene ungas de síntesis, una mezcla dehidrógenoy monóxido de carbono.Ese gas pasa después por una limpieza que retira partículas, azufre y cloro. Una vez depurado, se transforma mediante uncatalizador en metanollíquido a presión y temperatura moderadas. Ladocumentación técnica deHyOrcdescribe cada una de estas etapas.Este módulo funciona como unademostración comercialdel sistema de la empresa, que aspira a abastecer a sectores difíciles de descarbonizar como loscentros de datos, elferrocarril, lamineríay laindustria pesada.¿Qué es HyOrc y en qué consiste su plataforma de combustión externa?HyOrc Corporationes una empresa deenergía limpiacon sede en Houston (Estados Unidos) centrada en reducir las emisiones del transporte pesado y la generación eléctrica. Su tecnología se apoya en unaplataforma patentada de combustión externaque da soporte a tres líneas de negocio.Además delmetanol verde, HyOrc fabricageneradores de gascapaces de funcionar con hidrógeno, gas licuado o gas natural, orientados a centros de datos y a emplazamientos remotos. También adapta locomotoras con motores de hidrógeno ymulticombustiblepara las redes ferroviarias de Europa y Asia.EnPortugal, la compañía ha comprometido unaempresa conjunta de 3.200 millones de eurosa diez años para instalar plantas modulares demetanol verdecerca de los puertos europeos.¿Para qué sirve el metanol verde y cuánto CO2 evita, según HyOrc?Elmetanol verdese destina sobre todo a lanavegación marítima, un sector que buscacombustibles más limpiospara cumplir losobjetivos de descarbonización previstos para 2030. La demanda mundial de este combustible para el transporte marítimo podría superar los 30 millones de toneladas anuales en 2035.A escala industrial, cada unidad puede procesar unas 300 toneladas diarias de residuos y generar 400 toneladas de combustible. Una sola planta de ese tamaño evita más de350.000 toneladasdeCO2al año frente a los combustibles marinos convencionales.El sistema desplaza cerca de 1,4 toneladas dedióxido de carbonopor cada tonelada demetanolgenerada, un cálculo que la compañía usa para defender la rentabilidad ambiental del proceso.El director ejecutivo deHyOrc,Reginald Fubara, defiende esa apuesta por elmetanol verde.«Nuestra estrategia siempre ha sido simple. La transición energética la ganarán las tecnologías que reduzcan tanto las emisiones como loscostes operativos», afirmó Fubara.Al ser una de las primeras instalaciones comerciales de este tipo en Europa, el proyecto deOportoconvierte aPortugalen una referencia temprana enmetanol verde, un modelo que otros países europeos comoEspañapodrían mirar de cerca para descarbonizar sus puertos y su transporte marítimo. La fabricación del módulo avanza desdejulio de 2026, con los principales componentes ya en producción, entre ellos los recipientes de proceso, los sistemas de control y las tuberías. Según elcomunicadode la empresa, el equipo está diseñado para undespliegue rápido. El módulo instalado enOportoparte de unas 3 toneladas diarias decombustible derivado de residuos, un material preparado a partir de desechos, y las convierte en hasta una tonelada demetanol verdecada día. Ese rendimiento equivale a los 1.000 kilos que anticipa el proyecto. El proceso arranca con una fase degasificación, en la que los residuos se calientan a temperaturas de entre 850 y 1.100 grados dentro de un entorno con oxígeno controlado. De esa reacción se obtiene ungas de síntesis, una mezcla dehidrógenoy monóxido de carbono. Ese gas pasa después por una limpieza que retira partículas, azufre y cloro. Una vez depurado, se transforma mediante uncatalizador en metanollíquido a presión y temperatura moderadas. Ladocumentación técnica deHyOrcdescribe cada una de estas etapas. Este módulo funciona como unademostración comercialdel sistema de la empresa, que aspira a abastecer a sectores difíciles de descarbonizar como loscentros de datos, elferrocarril, lamineríay laindustria pesada. HyOrc Corporationes una empresa deenergía limpiacon sede en Houston (Estados Unidos) centrada en reducir las emisiones del transporte pesado y la generación eléctrica. Su tecnología se apoya en unaplataforma patentada de combustión externaque da soporte a tres líneas de negocio. Además delmetanol verde, HyOrc fabricageneradores de gascapaces de funcionar con hidrógeno, gas licuado o gas natural, orientados a centros de datos y a emplazamientos remotos. También adapta locomotoras con motores de hidrógeno ymulticombustiblepara las redes ferroviarias de Europa y Asia. EnPortugal, la compañía ha comprometido unaempresa conjunta de 3.200 millones de eurosa diez años para instalar plantas modulares demetanol verdecerca de los puertos europeos. Elmetanol verdese destina sobre todo a lanavegación marítima, un sector que buscacombustibles más limpiospara cumplir losobjetivos de descarbonización previstos para 2030. La demanda mundial de este combustible para el transporte marítimo podría superar los 30 millones de toneladas anuales en 2035. A escala industrial, cada unidad puede procesar unas 300 toneladas diarias de residuos y generar 400 toneladas de combustible. Una sola planta de ese tamaño evita más de350.000 toneladasdeCO2al año frente a los combustibles marinos convencionales. El sistema desplaza cerca de 1,4 toneladas dedióxido de carbonopor cada tonelada demetanolgenerada, un cálculo que la compañía usa para defender la rentabilidad ambiental del proceso. El director ejecutivo deHyOrc,Reginald Fubara, defiende esa apuesta por elmetanol verde. «Nuestra estrategia siempre ha sido simple. La transición energética la ganarán las tecnologías que reduzcan tanto las emisiones como loscostes operativos», afirmó Fubara. Al ser una de las primeras instalaciones comerciales de este tipo en Europa, el proyecto deOportoconvierte aPortugalen una referencia temprana enmetanol verde, un modelo que otros países europeos comoEspañapodrían mirar de cerca para descarbonizar sus puertos y su transporte marítimo.

As part of its long-term strategy to build an integrated portfolio of technologies and engineering capabilities for the subsea market, Swiss technology group Rosenxt Group has, through its U.S. business, acquired Houston-based Zupt, a provider of subsea metrology, advanced 3D subsea inspection, offshore survey engineering, and technologies supporting renewable offshore installations. Rosenxt Holding USA’s acquisition of the 2005-founded company is said to complement the group’s existing subsea and offshore capabilities with advanced navigation, positioning and autonomy technologies, as well as expand the operational footprint and customer network in North America. “For nearly twenty years, Zupt has focused on solving some of the subsea industry’s most demanding marine construction and inspection challenges through innovative engineering, operational experience and close collaboration with our customers,”saidKeith Vickery, Founder and President of Zupt. “Becoming part of Rosenxt marks an exciting new chapter for our company, our employees and our customers. We share a strong engineering mindset and a long-term commitment to developing new technologies and applications that make offshore operations safer, smarter and more efficient. As part of Rosenxt, we will be able to accelerate innovation, expand our global reach and deliver even greater value to customers around the world while continuing to build on the trust we have earned over the past two decades.” The addition of these capabilities, in addition to the acquisitions of Beam in 2025 andK.U.M. Umwelt- und Meerestechnik Kiel GmbHearlier this year, enable Rosenxt to provide integrated, end-to-end solutions across the complete lifecycle of offshore and subsea assets, from front-end engineering design (FEED), from installation to commissioning, long-term operation, inspection and integrity assessment including monitoring, abandonment and decommissioning, the firm said. The transaction has been completed with immediate effect. The financial terms have not been disclosed. “This acquisition supports our strategy of providing customers with integrated Advanced Technological Service solutions that combine robotics, sensing, engineering expertise and intelligent data provisions,”saidChris Yoxall, CEO Realization at Rosenxt. “Customers increasingly need connected solutions rather than individual technologies. Zupt brings proprietary technologies, strong engineering capabilities and extensive operational experience in subsea energy and renewables applications. Combined with Rosenxt’s existing robotics, sensing and integrity capabilities, we can provide more integrated solutions that help customers execute projects more efficiently and make better-informed decisions throughout their asset lifecycle.” Take the spotlight and anchor your brand in the heart of the offshore world! Join us for a bigger impact and amplify your presence at the core hub of the offshore energy community!

Houston-based subsea energy equipment and services specialist KOIL Energy Solutions has secured a project for subsea umbilical handling, spooling, and storage services with an undisclosed company. KOIL Energy has revealed the award of what it describes as a major subsea umbilical handling, spooling, and storage services project, which requires two large carousels. The firm will deploy both a newly acquired, large mobile offshore carousel and an existing carousel asset to execute the work. Erik Wiik, President and Chief Executive Officer of KOIL Energy, commented:“This award is a pivotal moment for KOIL and further validates our strategy to scale our rental equipment and services platform. We secured funding, acquired a new mobile carousel, and already won its first contract, while also redeploying an underutilized carousel from our existing fleet. “We were able to acquire what is essentially a new asset, ready for mobilization. This is a great opportunity for KOIL to expand our technical capabilities and accelerate our growth within rental equipment and services across the global subsea market.” This content is available after accepting the cookies. KOIL Energy to mobilize for West African job in second half of 2026 The work will be performed by the company’s service team during the second half of 2026, followed by long-term storage of the customer’s umbilical system. The new 3,500-metric-ton modular offshore carousel is designed to be assembled on board a vessel. This is perceived to enable rapid mobilization and redeployment to new project locations in the U.S. and internationally on short notice. KOIL announced a new credit facility last month, which will help finance the new asset and support the company’s broader rental equipment investment plan. Take the spotlight and anchor your brand in the heart of the offshore world! Join us for a bigger impact and amplify your presence at the core hub of the offshore energy community!

Shipbuilders atBreaux Brothers EnterprisesInc. turned over the hull of a new hybrid-electric tour boat that is being built for Port Houston. Shipbuilders atBreaux Brothers EnterprisesInc., New Iberia, La., have turned over the hull of a new hybrid-electric tour boat that is being built for Port Houston. The hull of the 73'x28' aluminum catamaran was constructed upside down to allow welders to work efficiently on the outer plating. Once the hull was completed, cranes fromH. BrownInc. lifted and rotated the structure. Workers can now begin installing the hybrid propulsion system, plumbing, and interior passenger spaces. Designed by the U.S. office of naval architecture firmIncat Crowther,the newbuildwill be equipped with aTwin Discbattery hybrid propulsion system featuring two 265-kW propulsion motors that will drive fixed-pitch propellers through Twin Disc MGE-5065 SC gearboxes. The vessel will have a maximum speed of 12 knots. The vessel is designed with an energy storage system with a capacity of 768 kWh, enough to run entirely on battery power during its standard two-hour educational tours, offering a quiet, zero-emission ride. It will recharge between trips using a custom shoreside charging system equipped with AC/DC converters. To ensure reliability and extended range when needed, the vessel will also include twoCaterpillarC9.3 backup generators, each producing 300 kW, for added operational flexibility. Capacities include 700 gals. of fuel, 250 gals. freshwater, and 250 gals. sullage. Scheduled for delivery in 2026, the vessel will give public tours of the Houston Ship Channel with reduced emissions. Port Houston offers free maritime education and industry awareness tours twice per day, Tuesday through Saturday, with additional special tours available as needed. The new USCG Subchapter T vessel will accommodate 150 passengers across two decks, about 60 passengers more than can be accommodated on theSam Houston, the vessel it will replace. The main deck will feature seating for 68 passengers, including two wheelchair-accessible spaces, within an air-conditioned cabin that also includes a kiosk, an information counter, and four bathrooms. The upper deck will seat 81 passengers, with about 90% of seats covered. Its layout supports easy movement and accessibility, while the large wheelhouse on the upper deck offers the captain and crew full 360-degree visibility. "We wanted an even more environmentally friendly vessel, one that is ADA accessible, and more conducive to various activities such as maritime education tours and special events," a Port Houston spokesperson toldWorkBoatwhen the boat was ordered. Executive Editor Eric Haun is a New York-based editor and journalist with over a decade of experience covering the commercial maritime, ports and logistics, subsea, and offshore energy sectors.

Houston-based energy player Vaalco Energy has brought back online a field off the coast of Côte d’Ivoire, following an overhaul to extend the lifespan of a floating production, storage, and offloading (FPSO) vessel deployed at the African asset. Vaalco has confirmed the restart of production from theBaobab fieldon the CI-40 block, offshore Côte d’Ivoire, following theFPSO Baobab Ivoirien’s revamp after the vesselceased hydrocarbon operationsin January 2025. George Maxwell, Vaalco’s Chief Executive Officer, commented:“We are excited that the Baobab field on the CI-40 block offshore Côte d’Ivoire has restarted production in line with our projected timeline. We have the CI-40 block license extended through 2038 and believe that there is significant development drilling upside at Baobab. “In early 2024, we had no assets in Côte d’Ivoire and now we have developed a strong position with development and exploration potential. We are at a critical junction, with successes in the Gabon drilling campaign and the Baobab field returning to production, and we believe that the remainder of 2026 will be very impactful.” This content is available after accepting the cookies. FPSO on its way back to Côte d’Ivoire as US firm continues its drilling ops in Gabon Once the nine-month refurbishment wascompleted in Dubai, the FPSO returned to Côte d’Ivoire in early Q2 2026 to be moored in position and reconnected to the field infrastructure. As a result, production has resumed from four producing wells, with the remaining three producers expected to come online shortly. The company claims that the field is performing in line with its expectations. TheFPSO refurbishmentwas undertaken to extend the vessel’s life and ensure its long-term operational capacity, as a significant development drilling program at Baobab is planned to begin in the second half of 2026. This Phase 5 drilling program is expected to include four producers, two to three injectors, and two workovers, providing potential meaningful additions to production from the main Baobab field. Maxwell emphasized:“We remain focused on execution and driving meaningful growth through our organic capital programs that we believe will translate into value for our shareholders in 2026 and beyond.” Take the spotlight and anchor your brand in the heart of the offshore world! Join us for a bigger impact and amplify your presence at the core hub of the offshore energy community!