Prosafes Q1 2025 earnings show revenue dipping to $33 million and EBITDA halving to $4.6 million, but the offshore accommodation specialist is piecing together a fragile comeback through contracts, vessel sales, and a major recapitalization. The pending Petrobras deal and debt-for-equity swap offer hope, but execution remains critical for survival.
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Seaspan Corporation has made significant strides in green shipping with new orders for eight 8,300 TEU containerships and an 18,600 cbm LNG bunkering vessel, both designed to reduce emissions and improve efficiency. These orders, alongside six scrubber-fitted 11,400 TEU ships, highlight Seaspan’s commitment to sustainability and fleet expansion in the maritime industry.
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In the Gulf of Mexico, Enbridge and BP’s research vessel Brooks McCall collects geological samples to de-risk pipeline projects, while TDI-Brooks expands its global footprint with similar missions worldwide. The data gathered could determine the success or failure of billion-dollar energy infrastructure investments.
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Houston-based Gate Energy and South Koreas Hyundai Heavy Industries (HHI) have signed a memorandum of understanding to collaborate on engineering, procurement, construction, and installation projects for global oil and gas markets, adapting each project case-by-case to meet volatile offshore demands. The partnership leverages HHIs construction strength and Gates commissioning expertise, building on their successful collaborations in the Gulf of Mexico.
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The maritime industry is undergoing a tectonic shift as the Digital Twin Project, led by ClassNK and NAPA, concludes Phase 3 trials, enabling shared digital models that break down barriers between shipowners, builders, and stakeholders. This innovation promises operational efficiency, cost reduction, and environmental benefits by optimizing designs using real-world data.
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