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February 05.2026
3 Minutes Read

Everllence Celebrates 2,000th Dual-Fuel Engine Order: A Step Towards Green Shipping

Everllence dual-fuel marine engine displayed in detailed view.

Everllence's Historic Dual-Fuel Milestone: A Green Transition

In a landmark achievement for the marine industry, Everllence has officially recorded its 2,000th order for dual-fuel engines, marking a significant milestone in its two-stroke engine portfolio. This order, placed by COSCO Shipping Lines, involves the innovative B&W 8G95ME-GI Mk. 10.5 main engine equipped with EcoEGR technology. This exciting development comes amidst the construction of 12 state-of-the-art 18,000 TEU container vessels at the renowned Jiangnan Shipyard in China.

Celebrating a Cultural Milestone

Bjarne Foldager, who leads Everllence’s two-stroke business unit, pointed out the unique timing of this achievement, occurring just before the Year of the Fire Horse in the Chinese calendar—a period considered propitious. Foldager highlighted China’s significance as a market where Everllence has held a vital partnership for over a century. Such historical context underscores the importance of these relationships in driving both economic and environmental progress.

Innovation Through Eco-Technology

This milestone reaffirms Everllence's leadership in decarbonization within the marine sector. Their dual-fuel engines allow for smooth transitions between various alternative, low-emission fuels, facilitating ships' adaptability to rapidly changing global emissions regulations. “Our dual-fuel strategy has led to a series of world-firsts, showcasing our commitment to sustainable and innovative propulsion technologies,” Foldager stated.

Leading the Charge in Decarbonization Efforts

The order book of Everllence indicates a strong trend towards sustainability; currently, dual-fuel engines account for over 50% of the company’s two-stroke portfolio, which encompasses engines capable of utilizing methane, methanol, ethane, LPG, and the latest ME-LGIA model designed for ammonia. This versatile engine reflects a paradigm shift where businesses are increasingly opting for strategic fuel flexibility to meet decarbonization goals.

Real-time Monitoring and Connectivity: The Future of Marine Engines

In addition to their commitment to eco-friendly operations, Everllence is embracing digital advancements. The company is integrating more digitally connected engines into its fleet, enabling remote monitoring and data acquisition. This feature allows engineers to optimize engine performance in real time, creating efficiencies that align with lower-emission strategies, a much-needed adaptation in today’s environmental landscape.

Industry Insights: Looking Ahead

As global emphasis on decarbonization intensifies, the marine industry finds itself at a crossroads. The increasing demand for sustainable solutions positions Everllence to thrive exceptionally well. According to Christian Ludwig, the head of global sales and promotion in the two-stroke division, the ongoing need for fuel flexibility is key. Today’s ship operators prioritize not just performance but also environmental impact, which propels the adoption of two-stroke dual-fuel technology that can seamlessly switch fuels with minimal operational effort.

Conclusion: A Maritime Shift Toward Sustainability

The achievement of 2,000 orders is more than a numeric milestone for Everllence; it represents a crucial step toward a more sustainable maritime landscape. With increasing pressures for environmental accountability, collaborations with industry partners like COSCO will be pivotal in driving forward the agenda towards net-zero operations. As Everllence continues to innovate, the ocean sector may very well be on its way to becoming a leader in sustainable propulsion by adopting these transformative technologies.

Tomorrow Tech

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02.04.2026

Transforming Shipbuilding: How Grants Fuel Gladding-Hearn's Efficiency Upgrades

Update Investing in Efficiency: The Gladding-Hearn Transformation In a significant move towards enhancing operational efficiency, Gladding-Hearn Shipbuilding in Somerset, Massachusetts, has harnessed the power of federal and state financial support to undertake crucial upgrades. With the aid of a Small Shipyard Grant from the U.S. Maritime Administration, pivotal capital projects have led to remarkable improvements in both safety and productivity at this 12,000-square-foot facility. Revolutionizing Shipyard Operations Historically, the shipyard relied on cumbersome and inefficient bi-fold doors, requiring two cranes and up to six employees for operation. As Peter Duclos, co-president and director of business development at Gladding-Hearn, noted, “We avoided using the doors, and as a result, we were not fully utilizing the shop space.” The installation of new, user-friendly doors—operable by a single worker in mere minutes—marks a crucial step toward unlocking the full potential of the workspace. The shift demonstrates Gladding-Hearn's commitment to modernizing their operations, reflecting a broader trend in the industry to streamline processes and improve workplace safety. Enhancing Vessel Movement with State-of-the-Art Technology Further enhancing efficiency, the shipyard has invested in a custom 35-ton self-propelled Hostar trailer, procured through grant funding. The trailer is designed to safely and efficiently transport vessels under 60 feet, featuring an innovative split design: it can back under a vessel and support it using sliding keel beams and hydraulic arms. This contrasts sharply with the previous method of using cranes, which was “complicated and time-consuming,” according to Duclos. With the new trailer, vessels can be directly launched onto the shipyard’s marine railway and transported seamlessly to and from repair shops, further expediting operations. Shielding Resources with Innovative Storage Solutions In addition to enhancing vessel transport capabilities, Gladding-Hearn has constructed a new sheltered plate storage area, partly funded by a grant from the Massachusetts Clean Energy Technology Center. By protecting metal plating from weather exposure, the shipyard not only conserves resources but also ensures materials remain in top condition for ongoing projects. This addition emphasizes the importance of smart resource management in the shipbuilding industry, helping to sustain efficiency and minimize waste. The Broader Impact on the Shipbuilding Industry These developments at Gladding-Hearn mirror a broader shift in the shipbuilding sector, where efficiency and safety have become paramount. As shipyards nationwide strive to enhance productivity amidst increasing competition, such upgrades are not merely desirable but essential for survival. Investments in technology and infrastructure reflect an industry shifting away from outdated practices and towards innovative solutions, demonstrating adaptability in a challenging economic landscape. Looking Ahead: The Future of Shipbuilding Efficiency As Gladding-Hearn embraces these significant advancements, it sets a benchmark for shipyards across the nation. Future predictions suggest that efficiency-focused upgrades will continue to dominate strategic plans at shipbuilders, emphasizing the need for investment in modern infrastructure and training. With continuing support from government entities, the shipbuilding industry can anticipate significant growth and transformation, aligning itself with technological advancements and environmental sustainability initiatives. Overall, Gladding-Hearn’s recent upgrades exemplify a model of efficiency that other shipyards might emulate. The pairing of innovative technology with strategic investment showcases the path forward in an industry that has much to gain from modernization. As the shipyard continues to implement these changes, it underscores the vital role of state and federal support in fostering growth and ensuring safety in maritime operations.

02.03.2026

Offshore Wind Projects Resuming: How Sunrise Wind Impacts Future Energy Initiatives

Update The Comeback of Offshore Wind Projects: Navigating Legal Waters As the energy landscape continues to evolve, the recent court ruling allowing the resumption of the Sunrise Wind project marks a significant milestone in the offshore wind industry. This decision comes after all five offshore wind projects paused by the Trump administration due to alleged national security concerns are now back on track. This article explores the implications of this ruling and what it means for renewable energy initiatives along the U.S. coastline. Understanding the Context: What Led to the Pauses? In December 2025, the Trump administration stalled several offshore wind energy projects, asserting that they posed potential national security risks primarily due to radar interference. Ørsted’s Sunrise Wind project, located off New York's coast, became entangled in a legal morass that delayed its construction for nearly two months. Legal arguments revolved around whether the classified information cited was valid enough to warrant a full pause on operations, which the court ultimately found insufficient. Judge Lamberth's Decision: A Boost for Renewable Energy Judge Royce Lamberth of the U.S. District Court provided a crucial ruling that reinstated the Sunrise Wind project, emphasizing that the purported classified information did not justify the decision to halt construction entirely. This decision symbolizes hope not just for Sunrise Wind but for similar projects such as Revolution Wind in Rhode Island and Vineyard Wind in Massachusetts that are crucial to advancing the U.S. renewable energy agenda. The Future of Offshore Wind: A Growing Industry with Challenges With the resumption of work slated to begin shortly, stakeholders are now looking towards the future of offshore wind projects amidst evolving legal and regulatory challenges. These projects are vital not just for meeting renewable energy targets but also for economic revitalization along coastal states that benefit from job creation and energy independence. The New York Times reported that Ørsted expressed a determination to work with the administration for swift project benefits, reiterating the importance of safety practices while delivering reliable power for New Yorkers. Expected challenges, however, include ongoing scrutiny, further legal battles, and the technological challenges of navigating radar interference. The Bigger Picture: Legislation and Future Investments This ruling opens the doors for further investments in offshore wind, an industry that has immense potential in the U.S. By 2030, offshore wind energy aims to contribute significantly to the country’s total energy supply. As part of a broader push toward cleaner energy, the continued development of offshore projects could lead to reductions in greenhouse gas emissions, bringing the U.S. closer to its climate goals. Public Perception and Community Involvement As offshore wind initiatives climb from the depths of bureaucratic halts, public awareness and local support remain critical. Communities connected to these projects are key stakeholders, and their perceptions can influence future developments. Educating the public on the benefits of offshore wind energy—from job creation to carbon footprint reduction—is essential for fostering a supportive environment. For communities in coastal states, the implementation of such energy solutions can lead to sustainable economic growth, an essential component of our green future. Conclusion: A Turning Point for Renewable Energy The decision to allow the Sunrise Wind project, along with its counterparts, to proceed is indeed a turning point in the landscape of renewable energy in the United States. It signifies potential growth, investment, and job creation, reinforcing the importance of legal measures in enabling significant infrastructural projects. As we stand on the cusp of new renewable opportunities, engaging communities and understanding regulatory frameworks will be paramount in navigating future challenges. Let’s keep pushing forward in the pursuit of clean energy, reminding both policymakers and the public of the substantial benefits these initiatives hold for our collective future.

01.31.2026

Kirby Corporation Records Record Year of Earnings Growth Amid Marine Challenges

Update The Record-Setting Year for Kirby CorporationKirby Corporation, a titan in the marine transportation industry, has reported a phenomenal achievement in its financial performance for the year 2025. The company, headquartered in Houston, Texas, unveiled its recent earnings, showcasing an impressive net income of $354.6 million, a significant increase from $286.7 million in the previous year. This record-breaking year was buoyed by the company’s robust execution in both its Marine Transportation and Distribution & Services segments.Strong Fourth Quarter Performance HighlightsFor the fourth quarter alone, Kirby saw net earnings soar to $91.8 million, a marked improvement compared to $42.8 million in the same quarter of the previous year. Revenues also increased to $851.8 million from $802.3 million year-over-year. CEO David Grzebinski highlighted the exceptional performance in overcoming typical seasonal hurdles, stating, "2025 was a record year for Kirby capped off by a solid final quarter." This growth was driven largely by increased inland barge utilization and steady coastal market conditions, affirming Kirby's dominance as the largest operator of inland tank barges in the U.S.Market Trends and Outlook for 2026Looking ahead, Kirby projects a positive outlook for 2026. Despite potential market fluctuations due to geopolitical factors like Venezuelan oil flows and evolving tariffs, Grzebinski remains optimistic. He noted, "We exited the year with solid momentum; refinery activity is steady, and inland barge utilization is improving." The company anticipates barge utilization rates in the low 90% range for the year, with expected increases in revenues from the inland market by low to mid-single digits.Inland Marine Performance Against Seasonal DisruptionsInland operations, which account for a significant portion of Kirby’s revenues, are predicted to be resilient despite facing seasonal winter weather impacts. The overall inland revenue is set to see slight growth, driven by limited new barge construction and solid refinery utilization. The fourth quarter saw barge utilization rates fluctuating within the mid to high 80% range, with predictions for increased operational efficiency as the year progresses.Coastal Operations Show Promising StabilityThe coastal marine sector, which is crucial for Kirby's service portfolio, is expected to thrive in 2026. Bar utilization in the coastal market has remained steady, averaging in the mid-90% range. With favorable supply and demand conditions, Kirby's revenues in this segment are projected to rise in the mid-single digits compared to 2025, ensuring sustained profitability.Distribution and Services Segment Outperforms ExpectationsThe Distribution and Services sector witnessed significant gains, particularly in the power generation business, which surged by nearly 47% year-over-year in revenues. This segment is expected to balance out weaker performances in areas like oil and gas. Grzebinski remarked, "Power generation continued to deliver robust growth," underscoring the company's strategic diversification and focus on stable revenue sources amidst variable market dynamics.Investors Respond to Mixed SignalsFollowing the earnings report, initial market reactions suggested cautious optimism among investors. While the annual profits reflect strong operational health, a slight revenue miss compared to analyst expectations pointed to mixed sentiments about short-term performance. The anticipated earnings per share for 2026 ranges from flat to an increase of 12%, creating a juxtaposition against the market's current response to Kirby's forward guidance.

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