Amid regulatory uncertainty, there is one key challenge to ensuring shipping meets its decarbonization goals: making the right decisions today. DNV’s latest edition of Maritime Forecast to 2050 explores how different scenarios could reshape fuel demand, investment decisions, and decarbonization pathways, helping shipowners to navigate uncertainty and build resilient fleets. Shipping’s energy transition has entered ...
Governments worldwide are racing to develop small modular reactors (SMRs) as part of their plans for a nuclear power renaissance, with significant progress being seen in recent years. However, the United States appears to be leading the way in nuclear microreactor development, with significant investment in the technology recently announced by the U.S. Army. SMRs are advanced nuclear reactors with a power capacity of up to 300 MW(e) per unit, or around one-third of the generating capacity of a conventional nuclear reactor. They are much smaller…
Borderlands Mexico is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week in Borderlands Mexico: Nuevo León governor pitches border boom as Texas-Mexico freight surges; NADBank plans nearly $164M in water projects; and Otay Business Park completes first phase near US-Mexico border. Nuevo León governor pitches border boom as Texas-Mexico freight surges Nuevo León Gov. Samuel García is betting billions of dollars in infrastructure, industrial development and security investments can help transform the Mexican state into an increasingly
Pakistan’s five oil refineries are expected to sign agreements in early September for upgrades that are expected to unlock as much as $6 billion in investment in the country’s refining sector. Representatives of the five refineries, Pak Arab Refinery Limited (PARCO), Pakistan Refinery Limited (PRL), National Refinery Limited (NRL), Cnergyico, and Attock Refinery Limited (ARL), have met with Pakistan’s Federal Minister for Petroleum, Ali Pervaiz Malik, to discuss the so-called Refinery Upgradation Policy, local daily Business Recorder…
Four shipping companies from Sweden, Norway, and Canada see a bright future in the European intermediate tanker market and are ordering four new VINGA ships — taking the series, developed by Furetank, to a remarkable 26 vessels. The new investment was announced on Friday in conjunction with the naming ceremony for FURE VASA, a newly ...
Chinese chemicals and energy group Jiahua Energy is moving into shipowning with an order for a 35,000 cu m carrier from CIMC Sinopacific Offshore & Engineering. The company has capped total investment in the vessel and pre-operating costs at CNY750m ($111m). Jiahua subsidiary Meifu Port & Storage will fund 60%, with three partners covering the …
Norway’s Ministry of Energy has granted Ventyr a 12-month extension to complete its impact assessment and submit a licence application for the Sørlige Nordsjø II offshore wind project, pushing the deadline to October 15, 2027. Ventyr, a joint venture between JERA Nex BP and Ingka Investments, won the allocation for the 1.5GW scheme in March …
The development-stage gas power developer entered into an agreement to buy 123 megawatts of new generation equipment, increasing potential capacity for the first phase of its Project Permian to nearly 200 MW.
Gatik announced Tuesday it raised $200 million in a Series D round led by Qatar Investment Authority and Koch Disruptive Technologies. Millennium Management, ARK Invest and Intact Private Capital also joined the round. The money will support expansion of Gatik’s driverless freight operations from the dozens of trucks today to thousands in the years ahead. Gatik has completed 85,000 fully driverless orders. The company reports more than $600 million in contracted revenue and 99% on-time delivery across operations in Texas, Arizona, Arkansas and Canada. “This round, led by some of the world’s le
Bloomberg's continuous front-month uranium futures contract (UXA1 Comdty) briefly surged above $100 a pound in late January, driven by tightening supplies, renewed government support for nuclear power, and rising electricity demand from the AI infrastructure boom. Uranium futures then retreated and remained range-bound between $84 and $87 for five months. But momentum has returned in August, with prices approaching $89 a pound, the highest level since early February. The ongoing theme is that years of underinvestment have limited mine supply growth…
Red Sea Gateway Terminal (RSGT), Saudi Arabia’s leading terminal operator, and CMA CGM Group, a global player in sea, land, air and logistics solutions, yesterday signed definitive agreements to jointly develop and operate Terminal 4 at Jeddah Islamic Port, in collaboration with Saudi Ports Authority (Mawani), marking one of the largest foreign direct investments in ...
Palmetto Railways announced the appointment of Tarek Ravenel as president and chief executive officer. The move by the state-owned transportation company is effective Sept. 8, 2026. Ravenel, who earlier spent a decade at the railway, brings a “proven track record in transportation and infrastructure leadership and will steer the organization into its next phase of growth, investment and economic impact across South Carolina,” the company said in a release. Tarek Ravenel Ravenel succeeds Patrick McCrory, who has served as president and CEO since 2022. Based in Charleston, Palmetto connects with
NBC 15 reports: Backlash over data centers has become a central issue in the upcoming midterms as Americans on both sides of the aisle are becoming more resistant to having them built in their communities, pushing candidates to stake positions on how to handle them. As the artificial intelligence industry plans billions of dollars’ worth of investments to ramp up construction of data centers to power the technology, it is running into mounting resistance ... The post NBC 15: Fight over ‘data centers shifts into overdrive’ as midterms get closer appeared first on The Loadstar .
#fwtv_anrMYfetmOg .fwtv-panel{border:1px solid #d0d0d0;padding:18px;border-radius:6px;line-height:1.6}#fwtv_anrMYfetmOg .fwtv-panel p{margin:0 0 12px}#fwtv_anrMYfetmOg .fwtv-note{font-style:italic;color:#666;margin-top:16px;padding-top:12px;border-top:1px solid #e0e0e0} Ed Elkins, EVP & CCO at Norfolk Southern, reveals why Georgia and the strategic ‘Golden Triangle’ are pivotal for rail logistics and supply chain efficiency. Discover how infrastructure investments are shifting freight from highways to rails, driving massive growth and economic strength in the Eastern U.S. Elkins delves into At
