Prosafe SE reported a significant increase in EBITDA to $14.8 million for Q1 2026, up from $4.6 million the previous year, driven by all five vessels generating revenue and strong fleet utilization at 79%. The company secured a backlog of $403 million including options, with all vessels contracted into 2027 and a firm contract for Safe Caledonia. Prosafe maintains its full-year EBITDA guidance of $45-55 million, supported by a strong global market and ongoing tender activity, particularly in Brazil and Africa. The CEO highlighted continued focus on safe, cost-efficient operations and backlog growth beyond 2027 to support long-term earnings and value creation.
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
Alibaba and Baidu shares rose after Apple received approval from China's Cyberspace Administration to include Apple Intelligence, integrating Alibaba's Qwen AI model and Baidu's AI features into Apple devices in China. This partnership allows users t...
Ondo Finance has introduced the first tokenized stock representations backed by DTCC tokenized entitlements, joining major financial firms in a significant tokenization initiative. This move highlights Ondo's unique position in building infrastructur...
Leading Japanese companies, startups, and research institutions are developing specialized AI models using NVIDIA Nemotron open models to address Japan's unique language, industrial, and workforce challenges. These AI applications range from enterpri...
