Endeavour Americas

Tel: 604-687-1828

Email: info@argentinalithium.com

Web: argentinalithium.com

Energy from Experience

Argentina Lithium & Energy Corp is focused on acquiring high quality lithium projects in Argentina and advancing them towards production in order to meet the growing global demand from the battery sector.

The management group has a long history of success in the resource sector of Argentina and a strong track record of government and community relations.

The Lithium Battery Fueling the Green Revolution

• The Lithium Triangle, including parts of northwestern Argentina, produces about half of the world’s lithium and hosts approximately 60% of the known lithium reserves

• Most lithium in this area is in salt lake (“salar”) brines

• Argentina produces approximately 10% of the world’s lithium, making it one of the top five global producer (2020)

• Government is encouraging renewable energy initiatives

Heads of Departments

Editor-in-Chief Carley Fallows editor@littlegatepublishing.com

Space Management Emlyn Freeman emlynfreeman@littlegatepublishing.com

Media Coordinator Andrew Williams andrew@littlegatepublishing.com

Lead Designer Alina Sandu Research Kristina Palmer-Folt Editorial Research Amber Winterburn

Corporate Director Anthony Letchumaman anthonyl@littlegatepublishing.com

Founder and CEO Stephen Warman stevewarman@littlegatepublishing.com

For enquiries or subscriptions contact info@littlegatepublishing.com +44 1603 296 100

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Editor’s Note

The United States is one of the largest hubs of business operations on the globe. With an expansive array of industries across the 50 states, almost every business sector is covered in one way or another. For many companies, expanding their operation into America allows them to access its rich and thriving markets on both a national and international scale. This special USA Edition of Endeavour Magazine focuses on promoting companies which are leading their respective industries, and subsequently adding to the stellar reputation of America.

Despite America being such a big hub of business activity, the country, like the rest of the globe, has dealt with growing concerns regarding population demands, recovering following the global pandemic and making the much-needed shift towards sustainability in recent years. But America takes these challenges in its stride, and we continue to see how companies across the nation are doing their part to meet these demands and continue to strive to be the best.

In Endeavour USA you can expect to see a whole range of industry giants from manufacturing to energy to shipping as much like America’s diverse industries, we are going to cover it all!

Port Of Milwaukee A Hub for Cargo Distribution

138 Port of Lake Charles Supporting America’s Shipping Corridor

Established in 2015, Varaya Group is a leading EPC Design-Build and Project Management firm delivering end-to-end services across the construction, infrastructure, and real estate sectors. Varaya operates across vital markets, including those in the Caribbean, which have been experiencing unprecedented growth driven by the energy sector boom, as well as increased foreign direct investment and rapid urbanisation. To understand more about Varaya’s role across the construction and real estate sectors, we got to speak with Roshen Ramlal, Chief Executive Officer of Varaya, who gave us a great insight into the operations of the company, its current development projects and what sets it apart from the competition, as well as where the company sees itself in the coming years.

Whilst Varaya began as a project and construction management firm, it has vastly expanded its operations over the last 10 years and is now a recognised EPC DesignBuild and Project Management firm delivering comprehensive services across the construction, infrastructure, and real estate sectors. Across these sectors, Varaya’s core business activities include expert project management, FIDIC Engineering, full EPC (Engineering, Procurement and Construction) contracting, real estate development and financial feasibility modelling, value engineering and design peer reviews. It also recently launched its equipment rental division, specialising in short-term rental and leasing of a wide range of specialised construction equipment.

Varaya delivers these services across four primary markets: Trinidad and Tobago, Guyana, Suriname, and the United States. When we spoke to Roshen Ramlal, CEO of Varaya, he outlined that Varaya entered Guyana over a decade ago and has since become one of the leading Project Management and EPC firms in the country, with particular focus on the hospitality and commercial development sectors. Then, in Suriname, Varaya

A Trusted Partner for EPC Design-Build and Project Management Excellence

has been spearheading an array of mixed-use developments, including a Hyatt Regency Hotel and a Commercial/Retail concept.

The other key area of development is in the US, where Varaya’s operations are based in Florida, and focus on Pre-Engineered Steel Building (PESB) solutions for the industrial, commercial and other specialised applications. According to Roshen, “Internationally, we leverage strategic partnerships in the United States, Canada, China, Uruguay, and the Dominican Republic to deliver innovative construction solutions and procurement advantages. This global network enables us to source high-quality materials, access cuttingedge building technologies, and deliver cost savings through direct procurement channels.”

Focusing back on the Caribbean, Roshen outlined that the region’s project management and construction sectors are experiencing unprecedented growth, largely driven by Guyana and Suriname as significant energy producers.

Varaya’s operations are well-positioned to support the infrastructure build out required for such growth due to its significant experience in delivering industrial facilities, logistics hubs, and specialised structures, as well as pre-engineered buildings supported by its US operation. Past projects such as the Blue Waters Products Limited - AMCOR Warehouse Expansion in Trinidad demonstrate Varaya’s ability to deliver industrial-scale PESB facilities to exacting standards. Thanks to this expertise, Varaya is now a natural partner for energy sector ancillary development. Notably, Varaya served as the EPC contractor for Repsol’s Galeota Shore Base in Trinidad and Tobago, reinforcing its credentials in energy-sector infrastructure. In 2026, Varaya also launched a dedicated equipment rental service line, including cranes, telehandlers, forklifts, and manlifts, to further support project delivery and Logistics support across Guyana.

However, Roshen noted that these markets are not without their challenges, because there is difficulty obtaining financing for developments due to high borrowing interest rates, which is impacting the feasibility, bankability and returns of projects. In addition, skilled labour shortages, inconsistent

ROSHEN RAMLAL CEO of Varaya Group

Varaya Group

material procurement, supply chain integrity, quality controls, regulations and contract administration have also presented key challenges for the Caribbean’s construction and project management sector.

Notwithstanding, Varaya is committed to facing these challenges head-on with a 6-pillar strategy. The first pillar sees the company uphold its reputation for delivering projects on time within quality specifications and, critically, within the agreed budget. With this reputation, Varaya is now the partner of choice across the EPC and real estate development industry, backed by its rigorous planning, proactive risk management, and transparent communication with all stakeholders involved in a project. The second pillar is financial feasibility, which enables Varaya to begin every project with in-depth financial modelling, including Project IRR, NPV, Cash-on-Cash returns, equity multiples, and asset valuations. By determining the economic sense of a project before any money is committed, Varaya delivers an investor-first

approach to protect capital and ensure the overall bankability of the project.

The third and fourth pillars focus on quality standards and Varaya’s FIDIC Engineering expertise. Varaya is committed to maintaining international quality control protocols on every project, supported by independent testing, material verification, and adherence to recognised building codes. Varaya is currently pursuing ISO 9001 certification, further formalising its commitment to internationally recognised quality management systems. Roshen noted that Varaya has walked away from projects that would compromise safety or quality, and it is this commitment to quality that has earned Varaya an enviable client retention rate and an exceptionally high client referral-based project pipeline.

Then, as FIDIC Engineers on major institutional projects, Varaya is uniquely positioned to provide independent oversight, contractual administration, and design liability management. According to Roshen, “This positions us uniquely – not as an

A Trusted Partner for EPC Design-Build and Project Management Excellence

advocate for either owner or contractors, but as an impartial professional ensuring that contractual obligations are met and international standards are maintained. This role is critical for bankability and investor confidence.” Therefore, Varaya is a trusted advisor to banks, institutional investors, and international brands.

The 5th pillar outlines how Varaya utilises local capacity-building to scale its capability whilst maintaining the highest standards of technical expertise across disciplines. In Guyana, Varaya employs a 90% Guyanese workforce. By hiring local talent, Varaya can provide those across its operations with training in international standards, thereby creating sustainable career pathways that support local social development and ensuring the company’s operational continuity for many years to come. Today, Varaya has approximately 50 employees across Trinidad, Guyana, Suriname, and its US operations, supported by over 70 specialised professionals under its direction through specialist sub-contractors.

The 6th and final pillar of Varaya’s success comes from its commitment to brutal honesty. Roshen outlined, “We tell clients the truth about feasibility, costs and risks – even when it means declining a project. This candor builds long-term trust and distinguishes us in a market often driven by optimistic projections rather than rigorous analysis.” This focus on honesty is what has earned Varaya its reputation for high-quality and efficient project delivery, founded on complete transparency to support both its customers and the company’s commitment to successful development.

In fact, when we asked Roshen what he feels is the best part of what Varaya has to offer, he outlined that peace of mind was the company’s greatest value proposition. “In a region experiencing rapid growth with what is at times a very competitive environment, we offer clients certainty: certainty that their investment is protected, that their project will be delivered to international standards, and that risks are being professionally managed.” Roshen continues, “We do not simply build; we

ensure that what we build is financially viable, structurally sound, and operationally sustainable. Our feasibility-first approach prevents costly mistakes before they happen. Our quality control protocols catch problems that others miss – or worse, ignore. Our contract administration protects clients from disputes and liability.” Thanks to this commitment to honesty, safety and certainty, Varaya’s portfolio today spans vital residential, commercial, warehousing, and hospitality sectors, with projects currently exceeding US$500 million in total value.

When we asked Roshen about what exciting projects and developments Varaya is currently working on, he outlined several key transformational projects across its operating markets, including the Hyatt Place Providence project in Guyana. Varaya was the project Originator for this US$40 million hospitality project strategically located in Providence, Guyana. It also operates as the main contractor, taking the Hyatt Place Providence development from initial market study and brand negotiation, through to the construction delivery. This development has become a benchmark for quality construction in Guyana’s rapidly expanding

hospitality sector, highlighting Varaya’s vital role in this sector’s growth. Other projects in the pipeline include new commercial office buildings, onshore port logistics and operations facilities and a portfolio of low and mid-density residential developments in Guyana and the US.

Over the coming years, Roshen outlined four primary objectives for Varaya. First, Varaya wants to become the Caribbean’s Premier Project and Construction Management Firm. This title would help position Varaya as the first-choice pick by institutional investors, international brands, and governments who are seeking rigorous project delivery, financial discipline and international standards. Then, the company wants to expand its regional footprint, extending its operations into additional Caribbean markets whilst deepening its operations in existing territories.

To advance industry standards and professionalisation across the Caribbean, Varaya is committed to continuing to advocate for strong building codes, standardised contract frameworks, and enhancing professional development in the construction sector., Varaya will continue to enter into strategic partnerships with international technology

A Trusted Partner for EPC Design-Build and Project Management Excellence

providers, material suppliers, and specialised contractors who share in its commitment to quality.

A key part of Varaya’s future development will be towards technology integration, as it works to actively incorporate Building Information Modelling (BIM), a digital project management platform, and advanced scheduling tools into its workflows. This technological sophistication differentiates Varaya from traditional contractors and enables more successful project delivery. Alongside this technology, Varaya will continue to optimise its deep understanding of the Caribbean Regulatory environment, local supply chains and cultural contexts, combined with its unwavering commitment to international construction and contractual standards, to deliver competitive solutions that bridge the gap between local

knowledge and technologically advanced best practices in the construction sector.

Across Varaya’s operations, there is a prominent focus on successfully delivering key construction and development projects with transparency underpinned by the highest quality and safety standards. With its reputation for honesty, it’s no surprise that Varaya is a leading company supporting investors, governments and international brands who are looking for the best in project delivery, financial discipline and international standards.

We loved speaking with Roshen Ramlal about the success of Varaya and look forward to catching up again soon to see how the company will continue to cement its place both in the Caribbean and beyond. You can learn more about the company by visiting their website at: www.varayaglobal.com .

New York Power Authority

Power is something that is fundamental for our everyday lives, from powering your home to keeping your business running. However, with an increase in power demands across the globe, especially as we shift towards a more sustainable and electrified world, the companies responsible for keeping electricity flowing into our homes and businesses are fundamental for everyday development. In New York, there is a large population and with it a multitude of businesses and operations that require significant power generation, and so the delivery of electricity across the state is vital for everyday operations. Thus, the company responsible for keeping electricity flowing through New York City is the New York Power Authority (NYPA), who are committed to delivering innovative energy solutions and partnerships, whilst leading the transition of the city towards a carbonfree and economically vibrant future.

NYPA is the largest power organisation in the United States, which operates and owns a third of New York’s transmission lines and is responsible for bringing clean, reliable energy solutions to where they are needed most across the state. For NYPA, economic development remains a top priority, because it believes that electricity can make the difference between jobs growing, staying or leaving the city, and so reliable electricity is vital to the state’s continued development and investment for the future. Thus, NYPA today operates 17 generating facilities, and more than 1,550 circuit-miles of transmission lines across New York serving businesses, non-profits, community-owned electric systems, rural electric cooperatives, and government entities. To ensure the delivery of reliable electricity across New York, NYPA works with state and local entities, including Regional Economic Development Councils, the Empire State Development Corporation, the New York State Economic Development Allocation Board, and other local and regional economic development organisations. Collectively, NYPA and these entities are focused on encouraging businesses to expand in New York, which in turn will bring employment opportunities and continued economic growth for the city.

Along with its focus on expanding the electricity transmission across New York, NYPA is committed to doing so in the most sustainable way possible. For NYPA, the environment is one of its longstanding commitments throughout its operations to ensure that its energy delivery, energy projects and infrastructure development is driven by its commitment to sustainable development. At present, more than 80% of the electricity produced by NYPA is generated from clean, renewable hydropower. Thus, NYPA is the national leader in promoting energy efficiency, the development of clean energy technologies, and electric vehicles across the state.

As a key power organisation, power generation is one of the key missions and core business activities of NYPA. NYPA is currently the largest state public power utility in the country, operating three largescale hydroelectric plants. NYPA’s hydroelectric plans produce a significant percentage of New York’s statewide power needs, with more than 80% of its power generated from hydroelectric sources in place of fossil fuels. Thus, because electricity in New York is generated largely from clean sources, and it is cheaper per capita than any other state

in the US, NYPA has helped develop the state as a national energy leader.

One of NYPA’s most significant energy generation projects is the Niagara Power Project, which is the largest electricity producer in New York and provides up to 2.6 million kilowatts of clean energy. The energy developed at the Niagara Power Project is generated from two facilities: the Robert Moses Niagara Power Plant and the Lewiston Pump Generating Plant. Collectively, the two facilities see 748,000 gallons of water pass through 25 turbines per second to generate electricity. Once generated, NYPA then sells the power produced at the facilities to state entities, municipal and rural electric cooperatives, and large utilities.

Another key power project is the St. LawrenceFranklin D.Roosevelt Power Project, which spans the dam across the St. Lawrence River on Barnhart Island in Massena. Here, NYPA has 16 generating units, which produce 820,800 kilowatts of electricity, which is enough to light a city the size of Washington DC. Then, the Blenheim-Gilboa Pumped Storage Power Project provides a large-scale electricity storage facility, which is an essential part of NYPA’s clean energy structure. In fact, NYPA has long been a leader in the energy storage market, offering vital energy storage solutions,

Future Focused Energy Solutions

Our ONE ASPLUNDH approach delivers our full suite of vegetation management, utility infrastructure, digital innovation and storm/emergency services through a single point of contact.

even long before engineers sought to store power from intermittent energy sources such as wind and solar. The project uses hydroelectricity technology and has two large reservoirs at different altitudes, which are responsible for producing up to 1,160,000 kilowatts of electricity. This power is supplied to the state’s grid at moments of peak demand, and then recharges and restores itself to readiness for when demand and power prices are low.

In order to facilitate the delivery of electricity from its projects to the homes and businesses of New Yorkers, NYPA owns, operates and maintains one-third of the state’s bulk transmission system. For New York, the expansion of a reliable and resilient energy grid is vital for future development, and so NYPA is uniquely positioned to expedite the building and maintenance of critical transmission infrastructure projects that help to deliver its reliable, affordable and clean energy across the state.

Furthermore, to facilitate its transmission operations, NYPA often partners with other major transmission companies and private entities to achieve the most efficient and cost-effective power transmission for New York. A notable example is the work of SmartKable Powerline Solutions, which serves 14 New York municipalities that receive NYPA

New York Power Authority

SEE EVERY WATT. WASTE NOTHING.

on the lines, in real-time. The network leverages AI software and proprietary powerline sensors to measure, communicate and analyze. It is deployed in grids across the northeast US and in Dubai.

Address These Grid Challenges and More:

• Unseen issues within the grid which degrading efficiency, capacity and equipment. The network quantifies the issues, determines causes and identifies mitigation.

• Lack of a baseline view from which to plan for expected EVCs, heat pumps and other electrification. The network sees loads and losses while predicting the next issues.

• Lack of budget for monitoring systems such as SCADA. Realtime monitoring to observe growth, degradation effects. Replicates SCADA at a fraction of the price.

• Lack of outage and status data after severe weather. The network provides Insight into outage causes, locations, timing could expedite repair work and verify completion.

power allocations. SmartKable Powerline Solutions provide optimised, AI-driven software solutions that offer precise, real-time data insights into the power grid, ensuring a reliable and sustainable power network. Therefore, NYPA, together with key players across the state’s power distribution network, can deliver dependable power and improved solutions to serve both high-demand areas and rural communities, creating a resilient energy system.

As we have seen across NYPA’s power generation, clean energy remains a key facet of its energy development. For NYPA, renewables allow NYPA to power the future of the state, whilst mitigating the long-term damaging effects of fossil fuel alternatives. Thus, through a 2023-2024 enacted state budget, NYPA’s role in the renewable energy sector was significantly expanded, which allows the Authority to plan, design, develop, finance, construct, own, operate, maintain, and improve renewable energy generation power. In the process, NYPA can support New York State’s renewable energy goals as established in the Climate Leadership and Community Protection Act (CLCPA). Furthermore, NYPA has developed the Renewables Updated Strategic Plan, which outlines how the authority will operationalise its renewables work, whilst maintaining its critical obligations to its existing

electricity generation, transmission, customer and community commitment.

Furthermore, to enhance NYPA’s role in the sustainable energy development market, the Association is working with Canal, as part of a multipronged commitment to driving New York State’s clean energy future. The updated strategic plan is VISION2030 Renewed, which is set on delivering a thriving, resilient New York State powered by clean energy. In addition, NYPA will lead the transmission to a carbon-free, economically vibrant New York through customer partnerships, innovative energy solutions, and the responsible supply of affordable, clean and reliable energy. Speaking on VISION2030 Renewed, Justin E. Driscoll, President and CEO of NYPA, outlines, “VISION2030 Renewed is an evolution of NYPA’s commitment to NY – a bolder, more focused promise to the future we are building together.”

As Driscoll’s comments highlight, NYPA is playing a vital role in enhancing the value of hydropower, delivering a cleaner and more resilient power grid that is decarbonised and developed for the future of New York’s energy development.

Looking toward the future, NYPA has been set on advancing its operations with digitisation. In February, NYPA announced it had overhauled and digitised its first turbine generator at its Niagara

Power Project. The $1.1billion project, which was initially launched in 2019, will see the Lewiston section of the Niagara Power Project extend its operating life, ensuring that the facility, which is one of the largest hydropower facilities in the country, is upgraded and operating with the future in mind. Along with its digitisation, the Niagara Power Project also celebrated the 65th anniversary of its first power, highlighting the decades of reliable, clean electricity that the plant has delivered for New York.

The next generation of the Niagara Power project will see ageing equipment replaced with advanced machinery and digital technologies to optimise the hydroelectric project’s performance. Speaking on the advancement of the Niagara Power Project and its 65th anniversary, Justin E. Driscoll, President and CEO of NYPA, outlines, “The mechanical upgrade and digitization of each of the plant’s thirteen

Future Focused Energy Solutions

units—each one a self-contained miniature power plant generating enough energy to power a city the size of Rochester—will ensure that New York’s flagship clean energy power plant remains at the forefront of firm hydropower generation for many years to come.” Driscoll continues, “As we continue to prioritize affordability and the reliability of our energy system, I am proud of NYPA’s proactive efforts to secure the long-term value of our lowcost, renewable, clean energy workhorse.”

Across NYPA’s operations, there remains a key focus on delivering the vital electricity needed for economic and social development through things like jobs, whilst doing so in the cleanest and most sustainable way possible. With every development of its projects and infrastructure, NYPA is focused on supporting the state’s place as an energy leader, driven by sustainable electrical development.

BP Trinidad and Tobago

As the country’s largest hydrocarbon producer, BP Trinidad and Tobago (BPTT) operates 12 offshore platforms and three subsea installations across the region, which account for around half of the nation’s total gas production. Now 65 years since its first development in the country, BPTT has positioned itself as a key energy developer for the nation, championing the country’s natural gas production. Across its deep-water projects, BPTT is committed to ensuring that every development and new project works towards the future, supported by sustainability practices designed to improve people’s lives and care for the planet in the process.

Since 1960, BPTT has been a key part of Trinidad and Tobago’s energy story. From its very first wells to its gas development projects of today, the company has been committed to delivering vital hydrocarbon projects designed to enhance the country’s energy sector. Today, the majority of BPTT’s operations are largely located off the southeast coast of Trinidad, where the company has 12 offshore platforms, three subsea installations and two onshore processing facilities.

One of the most significant current projects carried out by BPTT is the Cypre Project, which is the third subsea development for the company in Trinidad and Tobago. The project encompasses 7 subsea wells and subsea trees, which are tied back into the company’s existing Juniper Platform’s infrastructure. The Juniper Platform is the 14th platform developed in Trinidad and was designed to develop the Corallita and Latana gas fields. However, the platform is now being utilised by BPTT to enhance its production at the current Cypre Project development by leveraging its existing

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2026 and pursuit of API 16AR certification signal bold steps into subsea markets and technology

systems and proactive risk controls, the company embeds green practices into its operations while

BP Trinidad and Tobago

Cennav Limited: The Ship Agency Built for

the Demands of Modern Maritime Trade

When Cennav Limited was established in 2021, its founders identified a clear gap in the Trinidad and Tobago maritime market — a need for an agile, relationship-driven agency capable of handling the full spectrum of liquid and dry bulk trade operations without compromise.

In a short time, Cennav has built an impressive portfolio of clients and partnerships. The company acts as ship and cargo brokers for ArcelorMittal and a number of international steel traders, managing the export of wire rod coils, steel billets, and direct reduced iron ore (DRI). It has simultaneously developed a strong presence in the tanker sector, providing vessel agency and logistics support for major petrochemical facilities including the Atlas and Titan Plants, and has grown expertise in the import of olefins, base oils, and dry bulk barytes.

But it is Cennav’s full-service ship agency offering that sets the company apart. From crew changes and cash-to-master deliveries, to port authority liaison, bunker coordination, waste disposal, and emergency support — every aspect of a vessel’s port stay is handled with precision and care.

The company’s vision is unambiguous: to be the most effective and competitive ship agency and chartering operation in the region, built on long-term client relationships and consistent performance. With core values of integrity, professionalism, and service embedded at every level, Cennav is fast becoming the trusted name in Caribbean maritime logistics.

Visit cennavltd.co.tt to find out how Cennav Limited can support your next operation.

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infrastructure in the region. The Cypre Project is located 78km from the Trinidad coastline, and the Cypre gas field sits within the East Mayaro Block at depths of up to 80 metres.

In November 2025, BPTT announced that it had safely completed its seven-well drilling program for Cypre, following the delivery of the project’s first gas 7 months earlier in April. First gas was achieved following the drilling of the initial 4 wells in 2024, and by the third quarter of 2025, BPTT had completed the drilling and completions programs for the final three Phase 2 subsea wells. Now that all the wells have been completed, the project is expected to produce approximately 45,000 barrels of oil equivalent per day at its peak.

David Campbell, BPTT President, outlined in the press release announcing the delivery of Cypre’s wells that “Completion of these wells and the gas delivered mark a safe and successful delivery for bp and Trinidad and Tobago. This achievement underscores our commitment to maximising production from the Columbus Basin and reflects a significant investment and BPTT’s continued dedication to the country’s energy sector.”

Ginger and Cypre Project Developments

BP Trinidad and Tobago

Campbell’s comments highlight the valuable role that Cypre will play in the future of Trinidad and Tobago’s energy sector, as a vital project delivered with expertise to enhance the country’s energy potential.

However, Campbell continues, “This is the latest achievement in a year of strong delivery from BPTT, including the bp-operated Frangipani gas discovery and working with our joint venture partner EOG, to deliver first gas from the Mento major project. We look forward to continuing our collaboration with the Government and other stakeholders to unlock Trinidad and Tobago’s energy future”. Campbell’s comments here allow us to understand the vast scope of BPTT’s operations across the country’s energy sector. With so many vital energy projects, BPTT is bringing vital investment into the country’s hydrocarbon market, supported by key partnerships across the global energy sector. A key partnership in Trinidad and Tobago, as highlighted by Campbell, is the Mento Project, which safely delivered first gas in May 2025. The project is part of a 50/50 joint venture between BPTTT and EOG Resources Trinidad Ltd (EOG), with EOG as the operator. Mento, which features a 12-slot attended facility, is one of BPTT’s top major projects in the country and is expected to start up worldwide production between 2025 and 2027. Once it reaches maximum production, Mento is expected to significantly add to the existing oil production already seen across BPTT’s upstream energy portfolio.

One of the other key developments currently in progress under BPTT is the Ginger Project. The Ginger Project, once completed, will be BPTT’s fourth subsea development, spanning 4 subsea wells and subsea trees, which will tie back to the existing Mahogany B Platform, and then flow onto Juniper. In 2025, BPTT completed the first well of the project, with drilling expected to continue in 2026. Alongside this, BPTT are progressing the fabrication operations required for 2026 offshore topside and subsea construction to begin. First gas is expected in 2027 and will add to BPTT’s top 10 projects that it is delivering between 2025 and 2027. Once completed, the Ginger Project is expected to have the capacity to produce an average gas production of 62 thousand barrels of oil equivalent per day.

With such vital hydrocarbon developments offshore Trinidad and Tobago, BPTT remains committed to ensuring that its energy development is achieved alongside vital sustainability projects. One of the most significant sustainability projects

Ginger and Cypre Project Developments

for Trinidad and Tobago is a large-scale solar project, in partnership with Shell plc. The partnership will see two sites, Brechin Castle and Orange Grove, developed to create the country’s first utility-scale solar project. The project is planned to produce over 300,000 megawatt-hours (MWh) of electricity per year, which will be enough to power just over 40,000 homes and, in the process, will cut carbon emissions. The solar plants are currently being constructed by consortium partners BP Alternative Energy Trinidad and Tobago (BPATT) and Shell Renewables Caribbean (Shell). Once operational, the sites will provide up to 112 Megawatts Alternating Current (MWac). With such a vital development, BPTT is focused on ensuring that throughout its operations, it remains focused on delivering vital

projects that meet the carbon reduction goals of the future, whilst delivering sustainable energy options for today.

As Trinidad and Tobago’s largest hydrocarbon producer, BPTT is delivering vital subsea energy developments that are making gas resources more readily available across the country. As we have seen from the Cypre and Ginger Projects, BPTT is set on enhancing its existing infrastructure to bring more gas resources online and support the continued development of Trinidad and Tobago’s energy development. However, all of these operations are underpinned by a firm commitment to sustainability that ensures that its projects, operations and developments are moving the energy sector towards a carbon-reduced future.

Circuit Breaker Sales

Circuit Breaker Sales (CBS) is a proud member of Group CBS, a global leader in electrical equipment manufacturing, supply, and service. With 46 locations worldwide and more than 600 employees, Group CBS companies share one unified purpose: to deliver complete electric power system lifecycle solutions built to the high standards of the U.S. power grid. It’s what Group CBS calls the Power of One, and this commitment to reliability and innovation has made CBS a trusted partner for utilities, manufacturers, data centers, and other operations that depend on safe, continuous power.

Group CBS is a single, trusted partner that can streamline electrical needs from initial engineering design and commissioning through long-term maintenance. Known for its unmatched inventory of new, legacy, and hard-tofind equipment and parts, CBS combines decades of technical expertise with a forward-looking approach to service, safety, and sustainability. Whether customers need a replacement breaker, complex retrofill services, electrical safety planning, or a fully integrated maintenance program, CBS delivers with the Power of One group focused on the same goal.

A Trusted Partner for the Industry’s Challenges

The global appetite for electrical power shows no signs of slowing, placing new demands on utilities and industrial operators alike. As organizations expand operations and modernize infrastructure, they face a twofold challenge: how to integrate new equipment effectively while maintaining and extending the life of existing assets.

Mission-critical systems, powering everything from oil and gas facilities and automotive manufacturing to metals and mining plants, agricultural operations, and data centers, cannot

Powering Reliability Through Complete Lifecycle Solutions

be allowed to run to failure. A single interruption can mean costly downtime, safety hazards, and compliance violations. That is why CBS encourages customers to embrace electrical maintenance programs supported by its expert repair teams, extensive parts inventory, and nationwide field service partners. By investing in preventive maintenance, operators not only maximize equipment life but safeguard uptime and ensure compliance with evolving safety standards.

In this regard, CBS serves as a trusted compliance partner. The company helps customers navigate the complexities of standards from the National Fire Protection Association (NFPA), such as NFPA 70B (Recommended Practice for Electrical Equipment Maintenance) and NFPA 70E (Standard for Electrical Safety in the Workplace), IEEE, and OSHA. Partnering with fellow Group CBS company CBS Field Services, a top-tier NETA-accredited company with more than 150 certified technicians, CBS helps customers align with standards, reduce risk, protect workers, and ultimately lower long-term costs compared to the financial and operational impact of downtime or violations.

Investments and Acquisitions

Expand Coverage and Expertise

CBS has steadily extended its reach and capabilities since 2018, when it opened a new flagship facility. Several acquisitions have expanded both geographic coverage and service expertise as part of Group CBS’s growth-focused strategy.

Exstar, acquired in 2019, strengthened CBS’s footprint in the Northeast, enhancing maintenance, testing, and equipment service capabilities.

Arkansas Electrical Outlet (AEO) was acquired in 2021 to expand the company’s industry-leading inventory of new and reconditioned electrical equipment and custom-built system capabilities.

National Circuit Breaker, Switchgear Power Solutions, and Premier Power Maintenance were all brought into the Group CBS fold in 2024. The acquisition of National Circuit Breaker, now Circuit Breaker Sales Los Angeles, extended CBS’s presence on the West Coast, providing rebuilds, lifeextension services, and field support for everything from high-rises in Los Angeles to critical utilities in the Bay Area. Switchgear Power Solutions added depth in the Midwest, broadening CBS’s inventory of both current and legacy equipment ranging from small circuit breakers to large power transformers.

Field services are another critical piece of the comprehensive lifecycle model. With the acquisition of Premier Power Maintenance, Group CBS expanded its network of NETA-certified technicians, enabling nationwide support for installation, acceptance testing, preventive maintenance, and emergency

response. Backed by a 24/7 service commitment, the group is positioned to respond rapidly to customer needs anywhere in the country.

Accolades for an Electrical Safety Innovator

Group CBS companies are known for developing innovative solutions that meet emerging industry needs. CBS ArcSafe, for example, is a global leader in remote racking and switching solutions. Its customdesigned safety solutions have won more than 20 industry awards for innovation in electrical safety.

Advanced Electrical & Motor Controls (AEAMC) has been recognized for its circuit breaker retrofit services, which improve system reliability and enhance electrical safety by reducing arc flash energy.

Vacuum Interrupters is the sole provider of vacuum interrupters manufactured in the United States and an innovator in diagnostic test equipment for circuit breakers and vacuum interrupters. Its proprietary magnetron atmospheric condition (MAC) testing provides unparalleled insights into the condition of components critical to reliable power distribution. Group CBS also operates one of the few independently owned high-voltage test laboratories in the United States, underscoring its commitment to quality and safety.

Circuit Breaker Sales

These innovations have been recognized not only through product awards but also through individual accolades for Group CBS employees from organizations such as the InterNational Electrical Testing Association (NETA) and the Department of Defense’s Employer Support of the Guard and Reserve (ESGR).

Commitment to Sustainability

Sustainability is central to CBS’s mission. The company’s maintenance, repair, and remanufacturing services extend equipment life, reducing the need to invest in new equipment and minimizing the waste stream associated with discarded electrical apparatus. This life-extension approach yields clear environmental and economic benefits, including less reliance on backup diesel generators, which means lower emissions, less air pollution, and reduced fuel consumption. Retrofit and retrofill services reuse materials and prevent legacy equipment from ending up in landfills.

CBS Nuclear Services further demonstrates this commitment by specializing in Class 1E safetyrelated switchgear and circuit breakers, with full compliance to 10 CFR 50 Appendix B requirements.

In addition, several Group CBS companies, including Circuit Breaker Sales, have earned ISO 9001 and ISO 14001 certifications for quality management and environmental stewardship. CBS and AEAMC are also active members of the Professional Electrical Apparatus Reconditioning League (PEARL), advancing industry-wide efforts in responsible recycling and reuse.

Looking Ahead: A Strategy for Growth

Group CBS is pursuing a strategic growth plan to build the most comprehensive electrical equipment supply and service network across North America and around the world. With offices in the United Kingdom and South Korea and growing interests in the Middle East, the company is positioned as a truly global partner in electrical power solutions.

The guiding vision is simple but powerful: deliver complete electric power system lifecycle solutions. By combining deep technical expertise, the industry’s largest inventory, award-winning innovations, and a nationwide network of service providers, Circuit Breaker Sales is helping customers meet today’s challenges and prepare for tomorrow’s.

At every stage of the power equipment lifecycle, CBS delivers on the promise of the Power of One: one group, one goal, one trusted partner for electrical system reliability.

As a leader in the global shipping and logistics industry, CMA CGM today is the third-largest shipping company in the world. Operating across more than 250 shipping lines worldwide and spanning 177 countries, CMA CGM provide its customers with comprehensive shipping and logistics services that help move cargo from start to end markets. In the Americas, shipping is the backbone of connectivity across the region, enabling key trade and logistics operations on both a local and international scale. Thus, to support the shipping and logistics industry across the Americas, CMA CGM operates a vast and robust shipping network, which is anchored in strategic ports and transhipment hubs that help connect the region with markets on both a local and international level.

The Americas are a significant global hub for shipping, offering vital local trade connections and being well-positioned to connect with many critical international shipping routes. With such a wealth of markets spanning the Americas, the region is home to a diverse variety of import and export operations, with cargo including everything from manufactured and agricultural goods, and vehicles, to energy resources. Thus, CMA CGM is primed to provide the plethora of markets and industries within the region with complete and comprehensive shipping operations, driven by its global shipping networks. These networks ensure that every customer can access safe and timely cargo shipping and logistics services and support their supply chains at every step of the journey.

A key network within CMA CGM’s Americas shipping operations lies in the Caribbean, where CMA CGM services the raw materials, food, agriculture, and manufacturing markets with vital shipping and logistics solutions. A key hub for CMA CGM’s operations in the Caribbean includes Saint Martin and St. Maarten, a Caribbean island which is divided into two distinctive territories. The island has the Port of St. Maarten, also known as the Dr.

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A.C. Wathey Cruise and Cargo Facility, in the south of the country, which is a constituent country of the Kingdom of the Netherlands. Then, in the north, there is the Port of Saint Martin, which is part of France’s overseas territory.

The Port of St. Maarten is one of the top cruise ports in the Caribbean, and so it is used to seeing a wide range of vessels arrive at its shores every year, both for cargo and tourism purposes.

For cargo, the port is located along major shipping lines and so offers a vital hub for transhipment operations from the island and across the rest of the Caribbean. To facilitate such cargo operations, the port is home to a key cargo terminal, which is vital to supporting the importing and exporting of cargo to St. Maarten. Here, CMA CGM utilises the port as a vital transhipment hub serving the North-Eastern Caribbean region, offering weekly calls which act as a vital cargo link between St. Maarten and the neighbouring islands of Anguilla, Saba, St. Eustatius and Montserrat. Across these shipping

services, CMA CGM is committed to handling a diverse array of cargo, including containerised, Out-of-Gauge (OOG) cargo, and conventional cargo, as well as reefer containers.

On the other side of the Island is the Port of Saint Martin in Marigot, which is within the French side of the island. Here, the Port of Saint Martin provides a versatile commercial port supported by a terminal that can handle all types of cargo primed for import, export and transhipment operations. At the port, the Ferry Terminal plays a central role in connecting cargo from the island with St. Maarten, Anguilla and St. Barthélemy to ensure the reliable movement of goods and business across the region. CMA CGM primarily serves the Port of Saint Martin with regional intra-Caribbean feeder services connecting Marigot with major global hubs across the region, including to Pointe-àPitre in Guadeloupe and Kingston in Jamaica. Thus, the port plays a vital role in the region’s local and international connectivity, with around 250,000 tons of cargo imported annually at the port.

We cannot talk about CMA CGM’s shipping and logistics services in the Caribbean without highlighting its maritime operations in Jamaica. In

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Jamaica, CMA CGM provides vital services to and from the Port of Kingston, which is the country’s principal maritime hub and also a leading transhipment hub for the wider region. The port is located on the southeastern coast of Jamaica, making it a vital stop for major shipping lines traversing the Panama Canal. One of the key facilities at the port of Kingston is the Kingston Container Terminal, which handles around 1.6 million TEUs of cargo annually, including everything from grains and motor vehicles to petroleum products. Therefore, with the port operating as a pivotal hub along global shipping lines, CMA CGM offers complete logistics solutions that are customised to the needs of its customers, ensuring that each one has access to door-todoor shipping to and from Jamaica, supported by specialised logistics solutions that can meet the specific and specialised needs of a diverse array of cargo types.

As we have seen, Jamaica operates as a vital transhipment hub for many Caribbean Islands, including Barbados, to support their shipping needs and connect them with global shipping services, enabling better access to international markets. Furthermore, in Barbados, CMA CGM is also one of the leading shipping lines in the country, operating through CMA CGM Barbados, which was

incorporated in 2023. Over the last 3 years, CMA CGM has connected the Port of Bridgetown in Barbados with its Cagema Main Liner (CAGMIL) service, which offers direct connections from the US East Coast and Canada to the Eastern Caribbean and Guyana region. Alongside this, CMA CGM also offers its Kalinago Service (KALINAGO), which offers a direct connection between Trinidad and Tobago’s Port of Spain and the Port of Bridgetown in Barbados. The Port of Bridgetown is the country’s primary maritime gateway and plays a vital role in supporting both cargo operations for Barbados, as well as the country’s thriving cruise tourism industry. Thus, for CMA CGM, Barbados, and specifically the Port of Bridgetown, is a vital node across its America’s network serving the country with reliable and weekly services, whilst also connecting it with vital transhipment hubs across the region to support a more well-connected cargo network across the region.

Another key hub for CMA CGM’s America’s network is the Port of Port of Spain, located in Trinidad and Tobago. Here, CMA CGM Trinidad is the market leader in the twin islands, providing advanced container shipping solutions that are tailored to its customers’ needs. The Port of Port of Spain provides essential cargo handling for the region, thanks to

NAGICO. Keeping Caribbean Trade Moving — With Confidence

Across the Caribbean, the sea is more than a route, it is the lifeline of commerce, tourism and regional connection. Every day, vessels transport essential goods, equipment, construction materials and consumer products between islands and international markets. In an environment where timing, reliability and resilience matter, protecting marine operations has never been more important. That is where NAGICO Insurances comes in.

For more than four decades, NAGICO has supported businesses and communities throughout the Caribbean with insurance solutions designed for the realities of island life and regional trade. Today, with operations across 32 locations in the Dutch, English and French Caribbean, NAGICO provides marine insurance protection backed by local knowledge, regional reach and responsive service.

Whether transporting cargo across the region, operating commercial vessels, or managing marinerelated liabilities, businesses face a range of risks, from severe weather and accidental damage to operational interruptions and third-party claims. NAGICO’s

Marine Insurance solutions are built to help clients navigate these challenges with confidence. Our offerings include:

• Marine Cargo Insurance — protection for goods in transit

• Marine Hull Insurance — coverage for commercial and private vessels

• Marine Liability Insurance — protection against third-party claims

NAGICO combines technical expertise with a strong intermediary and service network throughout the Caribbean. Our approach is simple: be close to our clients, respond quickly when needed, and provide practical solutions that support business continuity. Whether at sea, in port or in transit, NAGICO helps businesses navigate risk with confidence and keep operations moving forward.

To learn more about NAGICO’s Marine Insurance solutions, connect with one of our representatives or intermediaries across our Caribbean network, or visit us at www.nagico.com.

PAS Cargo Guyana Inc.

PAS Cargo Guyana Inc. has rapidly established itself as one of Guyana’s most innovative and dynamic logistics companies, transforming the movement of cargo while demonstrating the strength and capability of locally owned enterprise. As Guyana’s first Commercial Off-Port Bonded operation and a certified Local Content provider, PAS Cargo stands at the forefront of the country’s evolving shipping and logistics industry. PAS Cargo Guyana Inc. recently won a local award for outstanding contribution towards the development of Trade in the area of Shipping and Logistics.

Specializing in cargo consolidation, imports, and exports, the company provides comprehensive air and sea freight solutions, including Less-thanContainer Load (LCL), Full Container Load (FCL), and integrated supply chain services such as Customs Brokerage, Warehousing, and Door-to-Door Delivery. Through weekly shipping connections via the United States, Panama, and Trinidad, together with a network of strategic partners spanning more than 190 countries, PAS Cargo delivers seamless access to global markets for businesses of all sizes. PAS Cargo is one of the leading cargo networks

serving the Caribbean region, operating direct offices in Trinidad, Barbados, Grenada, St. Lucia, St. Vincent, Jamaica and Suriname.

At the heart of the company’s operations is its stateof-the-art-customs bonded warehouse located at Rome, Heroes Highway, East Bank Demerara. Designed to streamline cargo movement and customs processing, the facility combines customs clearance, secure cargo handling, storage, and collection within a single, highly efficient location. Advanced technologies—including barcode processing, RFID tracking, and the company’s proprietary Momentum logistics platform—enable real-time visibility, enhanced security, and superior operational efficiency throughout the supply chain. Driven by a commitment to service excellence, innovation, and customer satisfaction, PAS Cargo continues to set new standards within Guyana’s logistics sector. As the nation undergoes unprecedented economic growth and development, the company remains focused on providing businesses with the reliability, efficiency, and global connectivity required to compete in an increasingly interconnected world.

YOUR BRIDGE

its ideal location across multiple major shipping lines. These lines connect Trinidad and Tobago with trade links throughout the Caribbean, as well as across the Americas. Beyond this, the port is also vital for supporting shipping connections across the Atlantic and Pacific Oceans, making it a primary cargo hub facilitating global shipping. In fact, many shipping routes travelling from the Port of Port of Spain travel through the Panama Canal, highlighting the crucial place the port plays in supporting global trade, thanks to its proximity to one of the world’s most prominent shipping lanes. The Port of Port of Spain has a multipurpose and container handling facility, which is responsible for handling the bulk of containerised cargo, and so it operates as a key transhipment sub-hub for the broader Caribbean region.

Another key facet of Trinidad and Tobago’s shipping infrastructure, which is utilised by CMA CGM, is the Point Lisas Industrial Port. The port provides specialised port services for the country’s petrochemical, manufacturing and heavy industrial sectors, and so operates as the secondary main container and bulk port for the twin-island nation. Therefore, with these industries being key to Trinidad and Tobago’s import and export markets, CMA CGM provides specialised freight operations from the ports to ensure that no matter the type of cargo being moved, it is handled as safely and effectively as possible to ensure it reaches its destination in the best possible condition. Thus, for Trinidad and Tobago’s key commodity markets, CMA CGM helps connect businesses to support their long-term growth through the company’s vital interconnected shipping services.

The Port of Port of Spain then connects to Guyana, further highlighting the interconnectivity of CMA CGM’s shipping and logistics activities across the Americas. In Guyana, CMA CGM is the leading provider of shipping solutions, with its operations focused on delivering value and reliability for its clients. Having been present in the market for almost two decades, CMA CGM today has a partnership with the number one stevedoring companies in the country, which continue to support its ability to meet its customers’ shipping needs. Today, cargo headed for Guyana is typically routed through the Port of Spain, which is then transhipped across the region to end markets in Guyana. Thus, through CMA CGM, Guyana is vitally connected to the Caribbean, as well as to other key trade partners spanning North America, South America, and even Europe. To facilitate such connectivity, CMA CGM operates a weekly container shipping service directly to and from the Port of Georgetown, which is the principal and primary maritime gateway for the country.

Striving to be the Caribbean’s Premier Port with Unmatched Service for Turks & Caicos!

Across all of CMA CGM’s services, the company also offers a range of value-added services to support its customers’ cargo from the start to the end of its journey. These value-added services include things such as cargo insurance and are built directly into CMA CGM’s online platform, making them an easy additional step for customers when arranging shipments. The platform provides complete visibility over its customers’ cargo shipments, ensuring that from the warehouse to the end destination, customers can monitor their cargo shipment, knowing that it is protected. Insurance offerings through CMA CGM’s valueadded services can protect cargo from physical risk and damage. These damages could include loss or damage as a result of fire, collision, natural disasters, theft and mishandling. Therefore, when shipping with CMA CGM, both across the Americas and its global network, customers know that their cargo is being supported by expert shipping and logistics services, as well as its range of valueadded services to ensure that cargo reaches its end destination safely and securely.

Across CMA CGM’s operations in the Americas, the company has continued to expand its service offerings to better strengthen its network across the region and support businesses with vital

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Confidence in Every Journey: Why Marine Insurance Matters More Than Ever

Business today moves through ports, coastlines, roads and supply chains with increasing speed and complexity. Whether it is a commercial vessel supporting trade, a private yacht at sea or goods moving across borders, every journey carries risk. In this environment, marine insurance has become an essential safeguard for business continuity and financial resilience.

For many businesses and vessel owners, hull insurance forms the foundation of protection. Commercial vessels, fishing boats, workboats and private pleasure crafts represent significant investments. Unpredictable weather events, theft, accidental damage and supply chain delays are no longer distant possibilities; they are realities that must be navigated every day.

This is where experience and partnership matter. Modern marine insurance is no longer a one-sizefits-all solution. It has evolved from being a practical

safeguard to becoming an essential component of business resilience. It provides the confidence to operate knowing that disruptions need not become setbacks.

Marine protection today also extends beyond the ocean. Goods in transit coverage safeguards products throughout the logistics chain, from warehouse to destination, including transport by road, sea or air. This continuity of protection helps businesses avoid costly gaps in coverage and maintain momentum.

For decades, Guardian General has supported businesses and vessel owners with marine insurance solutions tailored to the realities of an evolving marketplace, helping clients protect what matters and keep moving forward. Guardian General Insurance Limited’s marine coverage helps owners recover faster and return to business or leisure with confidence.

access to global markets. In December, CMA CGM announced that it was reshuffling its PEX2 AsiaCaribbean service, in an effort to strengthen its schedule reliability and enhance the overall port coverage across such a key corridor. The PEX2 service is one of the region’s most reliable and direct services spanning the Caribbean’s ports, whilst also providing a dedicated service between the Caribbean and Mexico. The adjustment to the PEX2 services will now add a call at Vung Tau in Vietnam to strengthen the region’s connection to

Southeast Asia through feeder connections, whilst also offering new solutions for Mexico’s import and export markets to use the services to access further markets in Asia. Furthermore, the service will offer direct connection to the Dominican Republic, Panama, Jamaica, Colombia and Mexico, many of which will be supported by CMA CGM’s extensive port coverage through the company’s feeder services across the Caribbean. This development highlights CMA CGM’s continued commitment to supporting businesses across the region and the world with reliable, competitive and resilient services to serve the Latin American market for many years to come.

Across CMA CGM’s operations in the Americas, we are reminded why the company is a leader in the shipping and logistics sectors; from its role enhancing services across the interconnected shipping networks spanning the Americas, to providing reliable services along global routes to the likes of Europe and China, the company is a key driver of the region’s interconnectivity. With the continued expansion and development of its services, CMA CGM remains committed to supporting businesses and, in return, helping support the region’s economic development through vital services that keep supply chains and cargo moving.

Ecopetrol is a world-class integrated oil and gas company based in Colombia, focused on hydrocarbon production. Throughout the entire hydrocarbon value chain, Ecopetrol provides exploration, production, transportation, refining, and commercial operations. Consequently, it is no surprise that Ecopetrol has become a leading energy group operating across Latin America. Nonetheless, throughout all its activities, Ecopetrol remains committed to integrating technology and innovation to deliver valuable hydrocarbons with sustainability in mind.

Ecopetrol, formerly Empresa Colombiana de Petróleo S.A., is Colombia’s state-owned energy company, which is the largest and most prominent energy company in the country, responsible for 60% of the nation’s hydrocarbon production. While Ecopetrol’s operations focus on the basins of the Americas, it serves customers worldwide with key energy projects. Globally, Ecopetrol operates and participates in exploration and production ventures in the United States, Brazil, and Mexico.

The first step of Ecopetrol’s value chain is in the exploration for hydrocarbons, where the company is focused on exploring, discovering and appraising commercially viable hydrocarbon accumulations. In Colombia, Ecopetrol’s current exploration projects include onshore activities in the Llanos Orientales and Mid-Magdalena Valley basins. In Llanos Orientales, Ecopetrol has been developing, maturing and drilling prospects in the north of Arauca. These operations are in highproductivity fields, which have been associated with the existing Arauca-Caño Limón oil field. Then, Ecopetrol has been exploring and appraising heavy crude prospects near the Chichimene-AcaciasLorito and Castilla production trains, which will

Ecopetrol

DOF Brasil

DOF Brasil celebrates 25 years of expertise and commitment, delivering integrated offshore services across the energy sector.

Over the years, DOF has expanded its local and global footprint, offering integrated marine and subsea services throughout the offshore lifecycle — all from a single company.

Driven by our core values - Safety, Respect, Integrity, Teamwork and Excellence - we uphold the highest standards by combining a skilled workforce with a high-end fleet to deliver smart, safe and efficient solutions for the most demanding offshore challenges.

DOF supports key segments in the O&G and Renewables markets, including:

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As we celebrate this milestone anniversary, we look forward to continuing and expanding our successful journey.

be developed in line with existing infrastructure. In the Mid-Magdalena Valley basin, Ecopetrol has been recording seismic information to understand the potential for exploration concepts. This is being carried out in cooperation with Ecopetrol’s strategic partners within the region.

One of these strategic partners is Ecopetrol’s subsidiary Hocol, which engages in the oil and gas production, transportation and commercialisation in Colombia. Therefore, Hocol is an incredibly valuable tool for Ecopetrol, as this subsidiary has helped expand its operations from the Upper Magdalena Valley to northern Colombia and the Llanos region. Hocol have been focused on the exploration of medium and light crudes in the Higher Magdalena Valley and in the central part of the Llanos basin, as well as towards gas exploration on the north coast and Lower Magdalena Valley. Thus, a key part of Ecopetrol’s Colombia Onshore exploration strategy relies on Hocol to oversee the company’s exploration operations.

The next key aspect of Ecopetrol’s operations is the production of hydrocarbons. As we have seen,

Ecopetrol is responsible for 60% of the production of hydrocarbons in Colombia, and so this aspect of its operations is vast and vital to the company’s overall economic development. In 2020, the Ecopetrol Group achieved 697,000 barrels of oil per day (boed), which represented a 99.6% fulfilment of 2020’s goal. Now 5 years later, Ecopetrol is reported to have surpassed its 2025 drilling targets and is currently delivering a production rate of 751,000 boed. This figure is above the expected 2025 target and highlights the ongoing success of Ecopetrol’s production in Colombia.

Once crude oil and gas are produced from Ecopetrol’s wells across Colombia, these are then passed over to Ecopetrol’s transport business, which is responsible for taking these resources through pipelines, multi-purpose pipelines (polyducts) and multimodal transport systems, which take the crude from production to refineries and export ports. This division of Ecopetrol’s operations has been overseen by Cenit, the company’s wholly owned subsidiary, responsible for resource transportation operations.

Following transportation, crude oil and natural gas are then processed through Ecopetrol’s refining and petrochemical infrastructure. In Colombia, Ecopetrol operates the Barrancabermeja and Cartagena refineries, and this is where the oil and gas resources are transformed into value-added products for selling in the company’s marketing division. The Barrancabermeja Refinery is the main refining centre for Colombia, capable of processing up to 250,000 barrels per day. This refinery deals with 80% of the country’s domestic fuel demand. However, following the 100th anniversary of the refinery in 2022, Ecopetrol outlined a range of modernisation projects that aimed to increase the capacity and deliver more refined products for Colombia. The other key refinery is Cartagena Refinery, which today has a 210,000 barrels per day capacity. Collectively, these refineries bring great value to Ecopetrol’s crude oil, transforming these vital resources into profitable products that can be sold down the hydrocarbon chain.

The final aspect of Ecopetrol’s operation is for sales and marketing, where the company connects its crude oil, petrochemical, gas and energy products with markets on both a local and international level. The sales and marketing division is responsible for the sale of crude oil and gas products extracted from its fields, as well as petrochemical and industrial

products produced in the refineries, towards national and international markets. In addition, Ecopetrol purchases crude oil from royalties and third parties in order to optimise its refinery throughput, whilst importing diluent needed for transporting heavy crude through its pipelines. Plus, to supplement its own supply and commitment to customers, Ecopetrol also acquires fuels and petrochemicals as needed from the international market.

As Ecopetrol moves towards the future, sustainability remains a leading concern among energy companies, especially as the world moves towards the global energy transition. For this reason, Ecopetrol have developed the Generating Value with Sustainability pillar of its operations, which is part of the company’s 2040 Strategy to deliver ‘Energy that Transforms’. This oversees Ecopetrol’s sustainability agenda and the movement of the company towards its Sustainable Development Goals (SDG). A key example of this was highlighted in November, when Ecopetrol announced that consultations are nearing finalisation for the construction of the Windpeshi Wind Farm. The Windpeshi Wind Farm plans to be one of Ecopetrol’s largest projects and will encompass 41 state-of-the-art wind turbines, each with a 5-megawatt (MW) capacity. Collectively, the wind farm will have an installed capacity of up to 205MW. The Windpeshi Wind Farm aims to generate

around 8% of Ecopetol’s energy consumption, which will be clean energy and, in the process, will prevent more than 140,000 tons of carbon dioxide from being emitted annually from the company’s operations.

The Windpeshi Wind Farm is currently in discussions with the local communities in the area of influence of the wind farm in La Guajira . According to Bayron Triana, Vice President of Energy Transition at Ecopetrol, a successful series of meetings has been conducted prior to the consultation agreements, which have established relationships with 30 certified communities in the local area. Triana outlined, “We are making a big commitment to turning La Guajira into the development for the Energy Transition that the country needs. That is why we celebrate that the communities have expressed their willingness to work together with Ecopetrol and government entities to promote the development of the great energy potential of this territory, in which the communities

are our main ally.” Tiana’s comments highlight just how valuable the communities are in helping Ecopetrol deliver such a vital clean energy project, which will significantly contribute towards the company’s global energy transition operations.

Across Ecopetrol’s operations, the entire hydrocarbon chain is covered from exploration and production, to transporting, refining and marketing crude oil products for use across both Colombia and international markets. As the most prominent energy company in Colombia, Ecopetrol is committed to delivering vital energy resources with sustainability and, in the process, developing vital energy projects that help meet the clean energy demands of the future. With the support of its subsidiaries, Ecopetrol’s operations are vast, positioning the company as a leading energy player not just in the Latin American market but across the globe.

The Antamina Mine

Peru has long been a premier mining nation, with mining operations spanning the country producing vital copper, silver and zinc resources. For this reason, mining is a pillar of the Peruvian economy, with its mined metal products accounting for a significant portion of the country’s total exports and so a crucial aspect of the country’s total Gross Domestic Product (GDP). At present, there are multiple large-scale mining operations in Peru, one of which is the Antamina mine, which is one of the largest copper and zinc mines in the world. The mine delivers significant vital resources for Peru, and in the process, is focused on supporting the local community and delivering local economic growth.

The Antamina Mine is located in the Andes Mountain Range of Peru and is around 4500 metres above sea level. The mine is a large, low-cost copper and zinc mine that commenced commercial production in 2001, producing molybdenum and silver as byproducts. The mine is one of the largest copper concentrate producers in Peru, and is the world’s second largest producer of zinc. In the production of molybdenum as a byproduct, Peru is now the world’s fourth largest producer of the metal, thanks to the Antamina mine. Thus, the Antamina Mine is a polymetallic skarn deposit, delivering a range of metals vital for Peru. Operations at the Antamina Mine are carried out by Compañía Minera Antamina S.A., who are the independent operator of the mine. Compañía Minera Antamina S.A. is jointly owned by Teck Resources (22.55), BHP (33.75%), Glencore (33.75%) and Mitsubishi Corporation (10%). Collectively, these mining giants work to develop the Antamina Mine under Compañía Minera Antamina S.A, to establish it as a key producer of high-quality concentrates, underpinned by the company’s focus on supporting the local community in which the mine operates. Compañía Minera Antamina S.A.’s operations are split into three central committees, which help organise the operations of the mine, as well as

the local development alongside this. These committees include the Business Planning and Strategy Committee, Finance Committee, and Audit Committee. Alongside these committees is the Advisory Committee, which is made up of representatives from all four shareholders, and is designed to help oversee the identification and management of Antamina’s economic, environmental and social performance.

Mining is carried out using open-pit, truck and shovel techniques. Once ore is mined, it is crushed in-pit and then conveyed to a stockpile mill via a 2.7 kilometre (km) tunnel. The mill is then responsible for separating the copper, zinc, molybdenum and leadbismuth concentrates (containing silver), before they are pumped through a 302km pipeline to the Huarmey Port for shipment to smelters. In terms

Always Beyond

A Vital Mine Project for

TDM Group

TDM Group is a leading company in engineering solutions in Latin America, with over 30 years of experience in mining and infrastructure projects. We specialize in the manufacture, supply and installation of geocells, geomembranes, geogrids and other geosynthetics through our consolidated distribution network in the region.

Our manufacturing plants located in Peru and Brazil are internationally certified, guaranteeing the quality of our products. Our highly trained technical staff provides support in project designs, catering to the specific needs of each customer.

We are committed to offering reliable and efficient solutions to our clients in Latin America and beyond.

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ENGINEERING ENTIRE LIFECYCLE

Partnership through every phase, excellence across decades.

WSP and Antamina: 25 years advancing safe, sustainable and innovative tailings management in Peru

For more than a quarter of a century, WSP has supported Antamina in the development and operation of one of the largest and most complex tailings management systems in the world. This collaboration—built on technical excellence, trust and a shared vision of responsible mining—has positioned WSP as a strategic partner in risk anticipation, innovation and operational continuity for one of Peru’s most important mining operations.

WSP Mining & Metals: A global value proposition with local impact

WSP is one of the world’s leading engineering and consulting rms, operating in over 50 countries with specialized teams covering the full mining life cycle—from exploration and conceptual studies to design, construction, operations, closure and post-closure. Its integrated capabilities include tailings management, water management, geotechnics, mine closure, mining infrastructure, ESG advisory, applied innovation and strategic consulting, combining global expertise with deep local knowledge.

Technical capabilities that reduce risk and strengthen decision-making

WSP’s value lies in its deep, long-term understanding of Antamina’s tailings storage facility and its geotechnical, hydraulic and operational dynamics—knowledge built through more than two decades of continuous involvement. This expertise is reinforced by a multidisciplinary approach integrating water management and hydraulic systems; geotechnics, rock mechanics and slope stability; civil, mechanical, electrical and instrumentation engineering; as well as advanced modelling and monitoring instrumentation.

These capabilities allow WSP not only to deliver engineering solutions, but also to anticipate risks, optimize decision-making and enhance safety and environmental performance. This work is supported by an international team of specialists from Peru, Canada, the United Kingdom, Spain, the United States, Chile and Brazil, many of whom have accompanied Antamina since its early stages.

Growth focused on sustainability and global standards

WSP’s growth strategy in Latin America prioritizes services that integrate ESG criteria, circularity, water e ciency and international standards such as the Global Industry Standard on Tailings Management (GISTM). The Future Ready® methodology promotes the adoption of new technologies, digitalization, automation and innovative solutions such as comingling—implemented together with Antamina—to strengthen operational resilience and support more sustainable mining.

Commitment to safety, the environment and communities

WSP’s ESG approach is re ected in engineering and designs that prioritize safety, environmental protection, responsible water management and strong community engagement. At Antamina, this vision is embedded from early planning through day-to-day tailings operations, working closely with permitting, environmental and closure teams to ensure regulatory compliance, transparency and social license to operate.

More than 25 years building a strategic partnership

Since 1998, WSP and Antamina have built a partnership based on trust and technical rigor, supporting every major milestone of the tailing's facility—from Engineer of Record services onward—with a global perspective tailored to local conditions.

After 25 years, this collaboration continues to demonstrate that engineering, innovation and sustainability can advance together to enable safe, e cient and future-ready mining.

A decisive year of milestones for Antamina

Over the past year, WSP has supported Antamina in critical decisions to strengthen the robustness and continuity of its tailings system. Key milestones include:

Detailed engineering for Phase 9 and evaluation of Phase 10, ensuring long-term capacity, stability and performance.

Detailed engineering for the tailings pumping system to improve reliability and operational e ciency.

Comprehensive tailings studies incorporating comingling solutions supported by WSP’s Future Ready® methodology, which anticipates trends in technology, climate and natural resources.

Construction Quality Assurance (CQA) services for Phase 8, ensuring quality and regulatory compliance during key construction stages.

Engineering of Record (EoR) services, focusing on compliance and risk mitigation.

Planning for Closure services, assessing multiple scenarios aligned with best practices and regulations.

The Antamina Mine

of revenue from a single mining operation. This brings steady and reliable economic development for Peru, which, in the process, supports the local community.

However, with the demand for copper globally increasing, the mine has been undergoing a vital expansion project to increase its copper production. The current expansion of the mine is part of a $2 billion project designed to expand the open pit of the mine, whilst also implementing measures to optimise the mine’s dumps and tailings dam. These expansions and developments hope to increase copper production as much as 20%, increasing the mine’s total copper production to 450,000 tonnes by 2026. Then, once in full operation, the capacity is expected to stabilise around 400,000 tonnes annually, delivering significant copper resources from the mine for Peru.

As the mine’s production continues to expand, vital investments into its operations have been undertaken. In January, we saw the introduction of

a new piece of equipment for the mine: a Komatsu P&H 4800XPC electric shovel. The electric shovel is the largest of its kind in the world, and one of the most advanced electric shovels globally. The shovel has a lifting capacity of up to 135 tons per pass, which is a 30-35% increase compared to the current shovel operations at the mine. Thus, the new Komatsu P&H 4800XPC will significantly strengthen the mine’s production capacity, whilst being fitted with an advanced system for enhanced safety during operation. The introduction of the shovel is a key milestone for Antamina on the global stage, as the mine is the first and only mine in the country to operate with this world-class piece of equipment. Reflecting on the introduction of the Komatsu P&H 4800XPC electric shovel, Carlos Cotera, Vice President of Operations at Compañía Minera Antamina S.A., outlined, “The commissioning of the world’s largest shovel is a milestone for Antamina and for the country’s mining industry. This advancement reflects our commitment to innovation and safety, and reaffirms our vision of operations with world-class standards”. Cotera’s comments here highlight the vital development

A Vital Mine Project for Peru

and investment that Compañía Minera Antamina S.A, are making into the mine in order to support the production of the Antamina Mine, and in the process support Peru’s economy through its mining operations. In fact, the delivery of the shovel is part of a progressive rollout of advanced equipment to the mine over the coming years to increase safety and meet the needs of large-scale mining at the Antamina Mine.

As we have discussed, every aspect of the Antamina Mine has been delivered with the local community in mind, and so across Antamina’s operations, the well-being and improvement of the quality of life of its neighbours and communities remain paramount. Thus, the Antamina Mine works closely with local communities and civil society organisations, as well as local and central government, to achieve sustainable development in Peru. These operations are designed to extend beyond the end of the mine’s life. Currently, Compañía Minera Antamina S.A work across territorial management units, which help identify the needs of the local population, and then they can channel them to the relevant departments within the company for projects to be developed.

One current vital community development program is in education, where Antamina has built

and renovated educational facilities. Alongside this, Antamina has provided training programs to teachers designed to improve the quality and innovation of education in the local community. Plus, Antamina actually provides opportunities for students to pursue university and technical studies through scholarships, which help students develop skills to improve employability. Thus, all operations of Compañía Minera Antamina S.A, and the Antamina Mine are constantly working to give back to the local economy not just through economic growth from the mine’s resources, but through vital programs such as education, to support health, community and local development.

Overall, the Antamina Mine is a vital mining development for Peru that delivers a plethora of vital metal resources, including copper, zinc, molybdenum and silver, which are utilised across industries all over the world. With such a diverse metal offering, the Antamina mine is vital for the Peruvian economy and supports the country’s export growth. However, throughout all of these operations, the Antamina Mine’s complex is focused on supporting the local economy through programs and infrastructure developments to ensure that the benefits of the mine extend long beyond the end of the mine’s life.

The Port of Halifax is a leading international gateway connecting Canada to the world through vital port and shipping operations. With the capabilities to handle significant container traffic, break bulk and cruise business, the port is a vital asset to the Canadian economy, connecting businesses across the country with markets around the world. Canada has a thriving trade sector, with key exports from the country including crude petroleum, gold, cars and refined petroleum, and imports including cars, vehicle parts and machinery. Thus, ports such as the Port of Halifax help deliver these vital commodities, alongside a thriving cruise sector, to position the country as a thriving hub for tourism and trade opportunities.

Connecting to more than 150 countries around the world, the Port of Halifax is a diverse cruise and cargo port located in Nova Scotia, Canada. The port benefits from being ice-free year-round with minimal tides, making it the ideal location for accommodating the world’s largest shipping and cruise vessels. For this reason, the Port of Halifax today serves major shipping lines from across the world, including key transatlantic, Suez and pendulum routings to Europe, the Middle East, Southeast Asia/Indian Subcontinent and the Far East. Additionally, as the first inbound and last outbound port to North America from Europe and the Mediterranean, the port also plays a vital role in supporting shipping to these markets.

With a vital shipping network behind it, the Port of Halifax plays a key role in supporting Canada’s economy. We can see the vital role of the Port in figures from 2022, when the total impact of the Port of Halifax, including Nova Scotia exporters, was $4.87 billion in economic output for the province of Nova Scotia. This generated direct and spin-off impacts of $2.5 billion in GDP, with $1.6 billion in labour income from over 25,300 jobs generated. Thus, the port plays a vital role in supporting the economy of Canada, offering competitive solutions across cargo, cruise and business opportunities.

The Port today is overseen by the Halifax Port Authority (HPA), who are the strategic port manager focused on connecting the port with global markets in order to create value for its customers, partners, visitors and wider community. Thus, by working with key partners, HPA has been making vital infrastructural developments to the ports in recent years. Through vital investments, the port is now equipped with a modernised infrastructure, using the latest technology and security, positioning the Port of Halifax as a hub of future development.

The Port of Halifax’s infrastructure includes the PSA Halifax Atlantic Hub Terminal, PSA Halifax Fairview Cove Terminal, Ocean Terminals, Richmond Terminals, Halifax Grain Elevator, Halifax Seaport, Cruise facilities, and the Ocean Terminals Sequestration Facility. HPA oversees these as the landlord and operates them, with the exception of the PSA Halifax Atlantic Hub Terminal and PSA Halifax Fairview Cove Terminals, which are operated by PSA Halifax, a subsidiary of the global PSA International.

PSA Halifax Atlantic Hub spans 76.5 hectares of land, with 8,00 feet (ft) of on-dock, double-stack rail availability. Serving this, the port has 5 super post-Panamax gantry cranes, including a state-ofthe-art truck marshalling yard. PSA Halifax Fairview Cove then sans 70 acres of land with 2,87 linear feet of dock. The Terminal has 11,000ft of on-dock, double-stack rail, with four gantry cranes (three of which are super post-Panamax cranes). These two terminals are vital in supporting the Port of Halifax’s overall cargo operations.

The Ocean Terminals then span Piers 23, 24, A, and A1. Pier 24 is utilised for working cargoes, project cargos and heavy lift, whilst Pier 23 offers 53,000 square feet of multi-purpose space. However, the primary use of Pier 23 is for cruise operations. Piers A and A1 offer deep-water berths, with excellent truck and rail access. They offer both covered and open stages for cargo, specially equipped with the tools to handle a diverse array of cargo types. Richmond Terminals is centrally located with highway access, offering multi-purpose facilities for cargo with an enlarged open pier and laydown

Port of Halifax

Lighthouse Transportation Inc

Lighthouse Transportation Inc. is an ISO Certified transportation company based in the Halifax area, serving Atlantic Canada and beyond. With more than 40 years of experience, the company provide reliable, customer-focused freight solutions, with a long-standing track record of handling projects of any size or complexity.

Located only a few miles from the Halifax Port, Lighthouse Transportation is ideally positioned to support regional, national, and international freight movements. As a full-service bonded facility, the company offers a complete range of services including container haulage, transloading, specialized and oversized cargo handling, warehousing, and certified custom crating.

Supported by experienced personnel and purpose-built equipment, Lighthouse Transportation delivers dependable, end-to-end solutions that give customers the confidence their freight is managed efficiently from start to finish.

area to handle roll-on/roll-off and break-bulk cargo with enhanced heavy-lift capabilities.

The final facilities at the Port of Halifax include the Halifax Grain Elevator, offering a system of galleries and conveyors, helping move grain to and from vessels. This facility is operated by Halifax Grain Elevator Limited, under lease from HPA. Then, the final two key facilities are the Halifax Seaport, which encompasses the visual arts and cultural district of the Port, offering retailers, cruise terminals, event facilities, cafes, offices, a university and a museum. The Halifax Seaport fits well with the final key facility, which is the port’s cruise facilities, which encompasses the other central business operation carried out at the Port of Halifax, aside from cargo.

The Port of Halifax has a thriving tourism sector, with the port playing a key role in supporting cruise operations to and from the port. Halifax has long been a popular cruise destination due to the port city’s rich history, vibrant downtown and array of local seafood that brings tourists from across the world. Thus, the Port of Halifax has seen significant growth each year within the tourism sector, and

so the port has remained a popular destination along many cruise line itineraries, including for Atlantic Canada. To facilitate this rapidly expanding industry, the port has expanded its facilities to accommodate the world’s largest cruise ships, with more than 2,000 ft of continuous berth space. The principal piers responsible for the Port of Halifax’s cruise operations are Piers 22 and 20, where there is direct ship-to-shore access for passengers and a dedicated cruise passenger terminal. As mentioned, Pier 23 is also utilised for some cruise activities. Once passengers reach the port, HPA staff work to deliver reliable and efficient cruise operations.

We saw in December that 2025 was the Port of Halifax’s longest cruise season yet, running from April until November. The 2025 cruise season saw the port welcome 17 cruise lines, which made 105 calls to the port. Included in this were 7 inaugural port visits, 2 quadruple ship days and multiple double and triple ship days. Across these calls, the port saw 197,368 passengers through the port, as well as crew. One of the inaugural vessel visits was from Virgin Voyages with the Brilliant Lady.

The 2025 season exemplifies the growing and vital role the port plays in supporting Canada’s tourism sector. Speaking on the 2025 cruise season, Robyn Stewart, Manager of Cruise De velopment at the Halifax Port Authority, outlined that “Building on our success, we want to strengthen Halifax’s position as a premier cruise destination and continue creating memorable guest experiences for all our visitors”. Stewart’s comment here highlights that the cruise sector is a thriving and growing industry of the port, and through its continued investment in the sector, it is positioning the port as a highly sought-after cruise itinerary destination.

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arriving at PSA Halifax Atlantic Hub, Paul MacIsaac, Senior Vice President of Halifax Port Authority, outlined, “This direct container service connecting Canada and India reinforces Halifax’s position as a strategic global gateway in eastern North America. The INDAMEX service will create new opportunities for Canadian businesses to diversify markets in South Asia and strengthen supply chain connectivity.” MacIsaac’s comments highlight how the INDAMEX provides yet another vital network that will strengthen the Port of Halifax’s position as a key hub serving shipping and cargo operations across the world.

As the Port of Halifax looks towards the future, it will continue to expand its offerings in both its cargo and cruise tourism sectors. In February this year, PSA Halifax announced that the PSA Halifax Atlantic Hub had made a vital expansion with the INDAMEX Service, following the arrival of CMA CGM’s Cypress vessel to the hub. The INDAMEX is a service connecting the Indian sub-continent with the Canadian East Coast, in order to provide a comprehensive coverage of key ports across South Asia and the Middle East. The service will offer competitive transit times and

The Port of Halifax is a vital and developing port that is expanding its services to meet the current and future demands of both the cargo and cruise industry. With a plethora of facilities across the port, and under the guidance of HPA, the port today is a thriving hub serving the world from North America. With the introduction of the INDAMEX service and the port’s growing cruise operations, we look forward to seeing the continued role the port will play in supporting Canada’s economic development for many years to come.

Alabama Port Authority

Serving every county in Alabama, the Port of Mobile is the deepest container port in the Gulf of America and the only seaport serving the state. Therefore, the Port of Mobile is super important to Alabama’s economy, delivering container, general cargo and break bulk facilities to keep goods moving and maintain its vital trade links. The Port of Mobile is overseen by the Alabama Port Authority (APA), which is responsible for the management of the port and its associated infrastructure. A key part of the Alabama Port Authority’s role is investing in the port’s infrastructure to enhance its ability to handle the increasing cargo demands of vessels arriving at the port every day.

The Port of Mobile benefits from its enhanced position along vital transportation networks that allow the port to connect with the extensive inland waterway travelling across the U.S. via barge, the North/South and East/West interstate highways travelling across the state, as well as the rail network offering enhanced movement of cargo to and from the port, and then across the country. This enhanced connectivity means that the Port of Mobile is now one of the most prominent seaports in the United States, offering its customers enhanced connectivity across the nation to support local and international supply chains. Therefore, to optimise this vital transportation network at its disposal, the Port of Mobile today spans 18 diverse cargo handling facilities that deliver leading integrated port facilities to support customers’ supply chains from the very moment their goods arrive at the port.

One of the most valuable facilities is the Port of Mobile Container Terminal, which is operated by APM Terminals, an independent subsidiary of A.P. Møller – Mærsk. APM Terminals are leaders in global container terminal operations and so work alongside APA to operate the Mobile Container Terminal. The Mobile Container Terminal plays a key role in supporting the port’s total cargo capacities, which currently has a 650,000 twenty equivalent units (TEUs) capacity. Across the terminal, the port is able to handle almost all import and export cargoes; however most common cargo types include aggregates, automobiles, breakbulk, coal, cold storage, containers, forest products, general cargo, grain, liquid bulk, metal, and project cargo.

Over the years, the Port of Mobile has continued to expand under APA, who are focused on developing the Port to deliver it as a reliable aspect of customers’ supply chains across the US and beyond. To achieve this major investment projects has been carried out in recent years, including the Mobile Harbour Modernisation Project. The project, totalling £366 million in investment, is part of a statefederal partnership between APA and the U.S. Army Corps of Engineers. The project aims to deepen and widen the Mobile Shipping Channel in order to improve navigational efficiency, accommodate larger vessels and strengthen Alabama’s position as a global trade gateway. In October, APA celebrated

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At CSA, we specialize in providing exceptional service for forest products, break bulk, and heavy-lift operations. Our offerings extend to comprehensive terminal operations, including expert loading and unloading of rail cars, trucks, and river barges. In addition, our Container Services division ensures seamless handling and storage of your goods.

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Contact Greg Schruff, CSA General Manager

M: 228-323-2427 • O: 251-441-0230 • E: greg.schruff@ssamarine.com

Contact Greg Schruff, CSA General Manager

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For more information visit our website www.csaports.com

For more information visit our website www.csaports.com

Alabama Port Authority

that the modernisation project had been completed, and so the Port of Mobile now has a 50ft channel depth, making it the deepest container terminal in the Gulf of America. With an increased channel depth, the port can welcome larger vessels to help encourage large container ships to utilise the port, and in the process enhance strong trade links between Alabama and the rest of the world.

Announcing the completion of the project, Doug Otto, CEO and Director of APA outlined, “This investment isn’t just about depth – its about efficiency. The project’s enhancement allow for two-way vessel traffic and create nearly three miles of passing lane, improving safety, reducing transit times, allowing for more cargo, and delivering faster turnarounds for our customers. These capabilities strengthen the Port’s competitive position and make a compelling business case for shippers choosing Alabama as their gateway for global trade.” Otto’s comments here highlight just how valuable such projects as the Mobile Harbour Modernisation Project are for the port and the local economy. Therefore, to continue to develop the port following the project, APA are currently carrying out work on expanding the turning basin to ensure the port can continue to serve increasing cargo demands and vessel sizes for the future too.

One of the most vital recent developments for the Port of Mobile is the construction of a new container berth. In late October, APA and APM Terminal announced that they had signed an agreement to proceed with the construction of a 1,300ft berth. The £131 million project, funded by federal appropriation to APA and enhanced by private investment from APM Terminals, will see the next phase of the port’s growth. The new container berth is expected to expand the port’s existing berth capacity by 50% and will mean that the port will now be able to handle three ultra-large container vessels (ULCVs) simultaneously. Not only will this expansion significantly enhance the Port of Mobile’s cargo operations and capacity for container traffic traversing the Gulf Coast, but it will also help deliver the port as one of the country’s most competitive and resilient gateways.

Construction of the new berth is expected to begin in 2026, taking two years to complete. Once completed, the annual berth capacity of the Mobile Container Terminal will be 1.4 million TEU, supported by 7 ship-to-shore cranes. Furthermore, to help support this ongoing development, APA has extended APM Terminals’ concession

Major Port Investment Projects

Container Terminal, which will see APM Terminals operating the terminal until 2058, with two 10year extension options. Doug Otto highlighted in the announcement of the new container berth agreement that “With the channel deepening complete, a new berth underway, the Phase IV expansion in progress, and APM Terminals’ continued partnership, we are connecting businesses across Alabama – and across the nation – to global markets faster and more efficiently than ever before.”

Otto’s comments highlight just how the new container berth, along with the existing modernisation projects, will boost the role of the port with increased operational flexibility, faster turnaround times and greater reliability to firmly position the port as a key shipping hub for the entire nation. Thus, with over a decade of shared progress already seen across the ports development under APA, and alongside APM Terminals, the Port of Mobile is now able to deliver supply chain resilience, and in the process support the economic development of the region.

Then, in December, APA announced the newest development of their modernisation plans with the General Cargo Modernisation Program. The program, totalling $100 million of federal investment, will see the redevelopment of Pier B South at the port. The redevelopment is a vital step in a multi-year and multi-phase plan that aims to modernise the Port’s general cargo terminal. The general cargo terminal is one of the original infrastructures of the port, dating back to the 1920s; therefore, with almost

a century of operation, Pier B South is in need of redevelopment to meet the demand of today.

According to Doug Otto, “Pier B South has stood for nearly a hundred years as a symbol of Alabama’s global trade gateway through the Port of Mobile, and now we’re investing to ensure it remains an engine for the next hundred years”. Otto’s comments highlight the long and valuable role Pier B South has played in the port’s development; however, with the whole port developing towards the future, the implementation of vital modern infrastructure to meet the needs of today is necessary. Therefore, the redevelopment plan for Pier B south will see 1,500 linear feet of modern dock structure built, with the capacity to handle 1,500 pounds per square foot (psf) to accommodate mobile harbour cranes and other advanced cargo-handling equipment. In addition, the new dock structure will be served by rail, will be shore-power enabled and will seamlessly integrate into the port’s existing general cargo complex.

Across APA’s operations, there is a key current focus on modernising the Port of Mobile and its existing infrastructure to make it capable of handling increasing capacity of cargoes and vessel types, which in turn aims to increase the competitiveness of the port along national and international supply chains. Working alongside APM Terminals and local governmental figures, APA has been able to bring vital investment into the port to deliver its muchneeded growth and maintain its role as the deepest container port along the Gulf coast.

TotalEnergies Suriname

TotalEnergies is a key global energy company committed to delivering vital energy resources to the market, thereby enhancing global energy development and supporting the economic growth of each country’s energy sector. In recent years, we’ve seen the expansion of TotalEnergies’ operations in Suriname, where the company is delivering exciting energy exploration and production projects that are bringing key investment into the country for the long-term development of Suriname’s energy sector. However, across all of TotalEnergies’ operations, and especially those in Suriname, the company remains committed to developing these energy resources with sustainability and local responsibility in mind.

TotalEnergies’ operations in Suriname began in late 2019, when it signed its first agreement in the country for a 50% operated stake in one of the region’s most prolific oil-producing regions, the Guyana-Suriname Basin. The agreement covered Block 58, which today is the site of the GranMorgu project, a major deep-water offshore oil project that is operated by TotalEnergies. The GranMorgu project spans the Sapakara South and Krabdagu oil fields and has been a site of significant development under TotalEnergies in recent years. The project has a confirmed combined recoverable resource of close to 750 million barrels across the two oil fields, offering a vital energy development for Suriname. Block 58 is jointly owned by TotalEnergies and APA Corporation in an equal 50% partnership. However, following the FID for the project in 2024, Staatsolie Maatschappij Suriname N.V. (Staatsolie), Suriname’s state-owned national oil company, were given the option to enter the agreement with a 20% ownership. The GranMorgu project will deliver new wells at depths of between 100 and 100 metres across Block 58. Oil production will be achieved through this system of subsea wells, which will ultimately be connected to an FPSO (Floating Production Storage and Offloading Unit) also located off the Suriname Coast. Once completed, the project is expected to have an oil production capacity of 200,000 barrels of oil per day (b/d), and it will contribute significantly to the development of oil resources across Suriname. Production is expected to begin from the project in

2028, where the FPSO is designed to support future connections of satellite fields across the block to extend the duration of its production plateau.

The GranMorgu development represents a vital investment in Suriname’s energy sector, not just for its expected production rates, but due to the investment it brings to the local community. The total GranMorgu project will see a total of $10.5 billion invested, and a significant portion of this will be made locally, which will contribute to the local employment and economic development of Suriname. A key reason for this is that local companies, including logistics providers as well as the maintenance of the installation, will see between $1-1.5 billion invested in local content, creating over 60,000 direct, indirect and induced jobs across Suriname. Thus, the local community has long played a key role in the development of

the project, and so throughout its development, TotalEnergies has remained committed to working with local stakeholders across Paramaribo and the coastal districts to maintain a dialogue surrounding the development project. This dialogue ensures that its development continues to positively impact local communities whilst enhancing the country’s overall energy development.

Alongside the project’s key local community development, TotalEnergies also remains focused on delivering the project in line with its sustainability strategy to create more low-emission and low-cost oil and gas projects. The GranMorgu project is well in line with these goals, due to its focus on minimising greenhouse gas emissions, with the final project’s Scope 1 and 2 emissions intensity planned to be less than 16kg Carbon Dioxide equivalent per barrel of oil equivalent (CO2e/boe). This will be achieved through the all-electric FPSO for the project, which will have zero routine flaring and full reinjection of associated gas into its reservoirs. In addition, the project will be optimised for power usage with a Waste Heat Recovery unit and an optimised watercooling system for enhanced efficiency, as well as the installation of a methane detection and monitoring system. Collectively, these measures aim to help TotalEnergies deliver the GranMorgu project to enhance the region’s energy potential, support local content, whilst also limiting its overall impact on the environment.

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We manage the Dr. Jules Sedney Harbour in Paramaribo and the General Harbour at Nieuw Nickerie — the gateways through which Suriname trades with the world. With modern facilities, skilled people and a firm commitment to sustainability, we keep cargo moving safely and efficiently, in service of the national economy.

smeport@havenbeheer.sr Enabling sustainable economic growth through our port platforms.

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Powering Suriname’s Maritime Future

As Suriname positions itself at the forefront of South America’s emerging offshore energy sector, N.V. Havenbeheer Suriname is playing a pivotal role in shaping the nation’s maritime and logistics landscape.

As the steward of Suriname’s most critical port and energy infrastructure, Havenbeheer manages the Dr. Jules Sedney Terminal in Paramaribo, the country’s dedicated Oil Jetty, and the strategically important Port of Nieuw Nickerie. Through these assets, the state-owned enterprise delivers essential port services, including cargo handling, vessel berthing, warehousing, and maritime security—facilitating the smooth flow of domestic and international trade.

With offshore oil and gas development accelerating, Havenbeheer is investing heavily to transform its facilities into a world-class logistics hub. Its specialized Oil Jetty serves as a vital gateway for bulk liquid fuel imports, accommodating vessels transporting diesel, gasoline, and other petroleum products. At the same time, the Paramaribo terminal is being expanded and upgraded into a modern shorebase capable of supporting largescale offshore exploration and production activities.

Through strategic partnerships, the company is enhancing port capacity with expanded quays, dedicated storage areas for casing pipes, specialized warehouses, and mud plant facilities designed to support offshore drilling operations. These developments are strengthening Suriname’s readiness to serve the growing demands of the energy industry.

Looking to the future, Havenbeheer has partnered with Phoenix Development Holding Company on the development of a transformative deep-water port in Nickerie. Envisioned as a multi-billion-dollar investment, the project will incorporate natural gas processing facilities and liquefied natural gas (LNG) export infrastructure, creating a fully integrated energy and logistics platform.

Together, these initiatives position N.V. Havenbeheer Suriname not only as the backbone of the nation’s port sector, but also as a key enabler of Suriname’s emergence as a major player in the region’s offshore energy economy.

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N.V. Havenbeheer Suriname

TotalEnergies Suriname

Speaking on the FID reached in 2024, Patrick Pouyanné, Chairman and CEO of TotalEnergies, outlines, “Building on TotalEnergies’ pioneering spirit, this landmark project marks the first offshore development in the country and capitalises on our extensive expertise in deep offshore innovation. Launched only a year after the end of appraisal, GranMorgu fits with our strategy to accelerate time-to-market and develop low-cost and lowemission oil projects.” Pouyanné’s comments here highlight just how valuable this project will be for the future of Suriname’s energy sector, thanks to its focus on enhancing the country’s offshore energy potential, whilst implementing measures to limit its environmental impact and support local development. However, TotalEnergies’ operations in Suriname do not end there, because in 2025 the company announced it had signed an agreement to acquire the 25% interest held by Moeve in Block 53. Block 53 is located directly east of Block 58, where the GrandMorgu development is taking place. Following the acquisition, Block 53 is now held in a joint venture between APA Corporation (45% and operator), Petronas (30%) and TotalEnergies (25%). Block 53 contains the Baja-1 discovery, where over 34 metres of oil were encountered in the Campanian formation. This discovery is a significant downdip extension of the same deposit system as the Krabdagu discovery in Block 58. For TotalEnergies, the proximity of Block 53’s development to its

existing GranMorgu infrastructure in Block 58 will allow TotalEnergies to utilise its existing networks to enhance the development of Block 53.

According to Javier Rielo, Senior Vice President Americas, Exploration and Production at TotalEnergies, “This acquisition brings new resources to the development of our low-cost and low-emission Gran Morgu project.” Rielo continues, “It also proves how TotalEnergies will leverage GranMorgu infrastructure to develop profitably additional resources and extend its production plateau, strengthening the position of the Company in the offshore of Suriname.” As we can see from Rielo’s comments, the acquisition of 25% of the Block 53 development will help enhance TotalEnergies’ total portfolio across Suriname’s energy sector to deliver vital energy development that can strengthen the company’s energy delivery for the future.

In addition to the Block 58 developments, TotalEnergies has previously signed a sharing contract for 2 shallow offshore blocks. These blocks, 6 and 8, were awarded to TotalEnergies following the Suriname Shallow Offshore Bid Round 2021/2021, where TotalEnergies took on the operation of the two blocks with 40% interest. The operation is in partnership with Qatar Energy, which has a 20% interest, and Paradise Oil Company (POC), a subsidiary of Staatsolie, which also has a 40% interest in the development. Blocks 6 and 8 are located towards the south of Suriname, not far

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TotalEnergies Suriname

from the border to Guyana, and directly adjacent to Block 58.

The Senior Vice President of Exploration for TotalEnergies, Kevin McLachlan, states in the press release for the Block 6 and 8 sharing contract that “TotalEnergies is pleased to expand its operatorship position in Suriname, a world-class emerging basin, exploring for low technical costs and low GHG emission oil resources”. He continues, “This new milestone further strengthens our strategic international partnership with Qatar Energy, marking its first entry to Suriname”. As we can see from McLachlan’s comments, TotalEnergies’ span across Suriname has established it as a key player in the country’s energy industry. With significant developments in Block 58 and Blocks 6 and 8, TotalEnergies continues working with crucial partners and players across the global industry to bring sustained economic growth and a wider sphere of energy potential to the region.

Across TotalEnergies’ operations in Suriname, the company draws on more than 50 years of experience in South America’s energy sector to advance its expanding developments in the region. One of the earliest countries of development in South America for TotalEnergies was Brazil, and today the company is present in almost every aspect of Brazil’s energy sector, spanning from upstream exploration and

production to downstream marketing services. Within this, TotalEnergies remains committed to developing renewable and green energy to support the region’s transition towards a more sustainable future. This diverse portfolio in Brazil has enabled TotalEnergies to expand across the South American energy market and build up its expertise across every aspect of the hydrocarbon production cycle. With this expertise, not only within South America but on a global scale, it is no surprise that today TotalEnergies is leading vital developments in Suriname to develop the country’s energy resources and position the country as a hub for global energy development over the coming years.

Suriname represents a vital hub for energy development in South America, and with TotalEnergies exploring vital oil and gas resource development projects, the country’s energy sector looks set to continue to grow in the coming years. However, each project delivered by TotalEnergies in Suriname is underpinned by local and environmental considerations to ensure that Suriname can produce the energy it needs now, whilst also supporting the future of the country’s energy sector. With continued investment and acquisitions into the sector, we look forward to seeing how TotalEnergies will continue to enhance its network across Suriname, whilst leveraging its existing infrastructure to enhance the energy potential of the country for the future.

Noble Drilling Guyana

As a dynamic leader in offshore energy development, Noble Corporation Plc has long facilitated innovative offshore drilling operations as a contractor for the oil and gas industry. The company’s central mission is to deliver vital drilling activities that can power the world responsibly, aiming to be the leading global driller for offshore energy projects. Therefore, Noble Drilling has positioned itself as the first choice for employees, customers and investors alike to facilitate drilling projects across the world. To achieve this, Noble boasts one of the most modern, versatile, and technically advanced fleets in the offshore drilling industry. This fleet is recognised for high quality and performance, and that is why it is one of the largest offshore drilling contractors in the world today.

Noble has been operating globally for over a century, beginning in 1921 with a single rig. From this initial vessel, Noble has continued to expand its fleet and now delivers vital drilling operations across both established and emerging energy regions worldwide. The company’s international growth has been driven by its central values to deliver the highest quality service and performance across its drilling operations. Most of Noble’s activities are conducted through its subsidiaries and contract drilling services. Across these, the company has a fleet of 25 offshore drilling units, including 12 drillships and semisubmersibles, and 13 jack-ups. These vessels are focused on delivering oil in ultra-deepwater and highspecification jack-up drilling projects worldwide.

A key place of Noble’s current drilling expansion is in Guyana, where its subsidiary Noble Drilling (Guyana) Inc. operates to deliver key drilling vessels to support the country’s oil field development. In Guyana, key oil developments are primarily located in the Stabroek Block, which is home to an expansive offshore oil and gas reservoir. The block is operated by energy giant ExxonMobil, in partnership with Hess and CNNOC. One of the most notable developments in the Stabroek Block is the Liza-1 development. The initial Liza-1 discovery was announced in 2015 by ExxonMobil and was the first significant oil find offshore Guyana. In 2020, Noble announced a drilling services agreement with ExxonMobil. The agreement outlines that Noble would facilitate the drilling services for ExxonMobil across the Liza-1 development within the Stabroek Block of the GuyanaSuriname Basin.

The agreement outlines that Noble will deliver ultra-deepwater drillships, which are already in operation in Guyana for ExxonMobil, and utilise them for delivering new drilling for the project. The vessels include the Noble Bob Douglas, Noble Tom Madden, Noble Sam Croft and Noble Don Taylor, which are Gusto P-1000 design ultra-deepwater drillships that can operate at depths of up to 12,000ft. The rigs, which commenced operation in 2013 and 2014, are equipped with the necessary advanced drilling system and subsea control technology to facilitate the drilling of ExxonMobil’s oil project across Liza-1 for Guyana.

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With the rapid emergence of the oil and gas industry in Suriname, the Dr. Jules Sedney Port of Paramaribo has been proactively advancing its facilities to meet the demands of the future. This commitment aligns with our slogan: “Accommodating Our Future.”

As part of our preparedness, we have successfully renewed our ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications, along with our ISPS certification, reinforcing our dedication to quality, environmental responsibility, and occupational health safety and well-being of our dedicated personnel.

Moving forward, we continue to strengthen our internal organization while forging strategic partnerships that enhance the value of our services and position us as a key player in the region.

With Suriname’s economy on the rise and the increasing need for port expansion, we stand as the premier choice for those seeking to invest in a port with a robust, future-ready system of control and ample room for growth. At present a new construction project for the extension of the qua to the south has commenced with even more expansion possibilities.

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Noble Drilling Guyana

Thus, the agreement signed between Noble and ExxonMobil is vital in helping to deliver valuable resources to Guyana’s energy sector. For this, Noble plays an important role as a leading drilling contractor, helping global energy giants such as ExxonMobil deliver vital drilling solutions for the future. The president, CEO and chairman of Noble in 2020 outlined that “The Guyana-Suriname basin stands as one of the world’s premier offshore exploration and development opportunities. Since establishing an operational presence offshore Guyana in March 2018 with the Noble Bob Douglas, we have continued to expand our footprint in the region”. The CEO’s comments highlight the pivotal and expansive role that Noble has continued to play across Guyana’s energy sector, as its drillships have long been used to deliver vital energy development projects for the benefit of the country’s energy delivery and economic growth.

Furthermore, Noble’s role across Guyana has only continued to expand, and in the months following its agreement with ExxonMobil, Noble announced it had extended its contract with

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ExxonMobil just 6 months after the announcement of the previous agreement. In October of 2020, Noble announced that its ultra-deepwater drillship, Noble Tom Madden, was awarded roughly 6.5 years of additional contract terms under the Commercial Enabling Agreement with ExxonMobil for work offshore Guyana. This agreement extends the existing agreement that was set to end in 2024 until 2030.

Upon the announcement of the contract extension, the CEO of Noble outlined that “We are extremely pleased to further our relationship with ExxonMobil and their partners offshore Guyana. This award demonstrates the capability of the Commercial Enabling Agreement to align the interests of Noble and ExxonMobil while continuing our participation in one of the world’s premier offshore exploration and development opportunities and supports additional investment by Noble in local content”. The CEO’s comments here exemplify how pivotal Noble remains in bringing such valuable resources to market, thanks to its modern fleet of drillships.

Enhancing Global Energy Development

However, Noble’s role alongside ExxonMobil doesn’t end there, as ExxonMobil is continuing its pursuit of more oil and gas resources with the support of Noble Drilling. Since it began operations in Guyana, ExxonMobil has made over 30 new discoveries, which equate to more than 11 billion barrels of oil equivalent (boe). Therefore, as ExxonMobil continues to expand its reach across Guyana’s Stabroek Block region, it looks set to hand more work out to the four drill ships currently in operation by Noble in Guyana. The Noble Tom Madden, Noble Sam Croft, Noble Don Taylor, and Noble Bob Douglas have secured an additional 4.8 rig years of backlog in Guyana, which has extended

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each rig’s contract. In particular, the Noble Bob Douglas rig is conducting vital activities with assistance from multi-purpose subsea vessels that are designed for well intervention, subsea construction and equipment installation, as well as inspection, repair and maintenance (IRM) and remotely operated vehicle (ROV) services.

One of the central focuses of Noble in Guyana is delivering its drilling operations with sustainability in mind. For the global company, Noble is focused

on reducing its carbon intensity by 20% by 2030. To achieve this target, the company is committed to trying and testing energy consumption methods, including monitoring, energy management, behaviour programs, and natural energy efficiency upgrades that help its vessels and operations remain as sustainable as possible. In fact, with more than 100 years of experience behind it, responsible drilling is a core value of the business. Today, the company has developed such initiatives as the Energy Efficiency Insights (EEI) program, which monitors the energy consumption across its rigs. Through EEI, and with the support of the sustainable behaviour programme, Noble could deliver a 6-10% reduction in fuel consumption and derived emissions. This aims to help the company move towards global net-zero targets and ensures that when customers choose Noble for its drilling operations, they know that they are supported by a company pushing towards sustainable targets.

As part of Noble’s sustainable development, the company has developed the world’s first green methanol drilling rig design. The conceptual design for the jack-up rig would be powered by green methanol in place of traditional diesel. By

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Enhancing Global Energy Development

making this switch, the rig could result in up to a 95% reduction of carbon dioxide emissions. This development could pave the way for an exciting next step in the company’s development to bring energy efficiency, safety and sustainability to the forefront of its drilling operations across the world.

Across Noble’s operations on both a global and local scale, there is a real focus on delivering drilling operations that help companies achieve their energy operations to bring vital oil and gas resources to market. Through Noble’s fleet of modern, versatile and technically advanced vessels, the company is the leading offshore drilling provider. With energy operations across the world utilising Noble’s drilling

solutions, the company plays a valuable role in supporting the energy sector and in turn helps bring economic development to countries across the world as they make the most of the energy resources offshore their countries. One of the most vital parts of Noble’s operations is its commitment to sustainability. By fostering sustainable practices from its design to its delivery, Noble can deliver vital energy development whilst working to protect the planet for future generations. We look forward to seeing how Noble’s fleet continues to service ExxonMobil’s developments in the Stabroek Block off Guyana’s coastline for many years to come.

Grand Bahama Shipyard Limited

Located just 93 nautical miles from the Florida coastline, Grand Bahama Shipyard Limited (GBSL) sits primed to deliver world-class ship repair services to vessels travelling across the major routes extending along the U.S. eastern seaboard and the Caribbean. From this pivotal location, Grand Bahama Shipyard is ready to provide a range of repair, refit, refurbish and revitalisation projects to deliver satisfaction for its customers and keep the vessels of the world safe, operational and ready to meet their transportation needs.

For over 25 years, GBSL has been delivering vital repair and refurbishment operations from Grand Bahama in the heart of the Caribbean. The mission of GBSL is to repair and revitalise all types of ships and marine assets safely and to the complete satisfaction of all its stakeholders, whilst protecting the environment. To achieve this, GBSL has a 35,000 sq. ft. workshop based in Freeport, where it provides its services. The shipyard has been developed with a deep-water pier designed to service deep draft vessels ranging up to 300m in length, as well as underwater propulsion systems supported by the pier’s 14m draft.

A few years before the shipyard was built, the Freeport Container Port was opened in Grand Bahama, which provided shipping services across the region. Thus, the need for a shipyard was essential to service these vessels and keep supply chains moving. Therefore, the Grand Bahama Shipyard was built in 1999 as part of a larger plan to develop the maritime operations of the island. Today, Freeport Container Port is capable of handling the largest container vessel in the world and serves as a major world container transhipment hub located between the Eastern Gulf Coast and the US. This provides the port with vital access to shipping lines travelling across the Gulf of Mexico, the Caribbean, and South America, as well as for trade lanes reaching Europe, the Mediterranean,

the Far East and Australia. Thus, with the Freeport Container Port being such a vital hub for shipping in the region, the need for a shipyard that can continue to provide repairs, refurbishment and revitalisation services is essential to help support the vessels traversing these waters. Therefore, GBSL is utilising its expertise in the ship repair world and its vital location to deliver world-class services with the central vision to be the shipyard of choice for customers along the U.S. Eastern seaboard and the Caribbean.

GBSL’s services span from dry docking and afloat repairs to project planning, fabrication and mechanical services. GBSL has floating dry docks, a pier and a wharf, all of which are certified and maintained to ABS certification regulations. Across its dry docks, GBSL has a 92% annual occupancy rate, serving 100 cruise and commercial vessels every year. These vessels are serviced by GBSL’s fabrication team, who are the most experienced zipod repair team in the world. This team are responsible for thruster repairs, which can be conducted in drydock and underwater, as well as delivering overhauls of engines, pumps and valves on site. Furthermore,

GBSL has a range of certified mechanics and pipe welders that are delivering vital mechanical and pipe work to vessels. In addition, GBSL also provide hull treatment, electric services, and tank clearing operations. These operations ensure that every aspect of vessel repair and redevelopment can be carried out by GBSL’s teams, and thus the shipyard is now a key hub for vessels seeking repair or refurbishment services along these routes. With the shipyard being located so close to the Freeport Container Port, GBSL also deliver materials handling and brokerage services due to its unique

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Lynx Marine Services

Lynx Marine Services is a young and ambitious organization that operates in The Bahamas and the Caribbean dedicated to providing efficient technical solutions to clients. We possess a team of captains, engineers and technicians with over 30 years of experience in the maritime industry. Lynx is a mechanical and marine engineering services and repair company that specializes in engineering project management, hydraulics repairs, diesel generator maintenance and vessel repair. We also offer condition monitoring services such as engine oil, gear oil and hydraulic oil analysis.

position on an island. This means that GBSL can deliver customs clearing and brokerage services for equipment and materials that are needed for work at the shipyard. However, all of its development work and its brokerage services wouldn’t be possible without the help of GBSL’s suppliers. GBSL believes that strong and resilient supplier relationships are essential to helping the shipyard meet the needs and expectations of its customers by focusing on procuring products and services globally from suppliers. These supplies share GBSL’s same commitment to quality, safety, innovation and customer satisfaction. Therefore, GBSL can work with its suppliers to create value by ensuring that materials are of the right quality, are delivered on time, and at the lowest total cost possible. Thus, GBSL can bring the best of the best across the ship repair and materials networks to deliver the shipyard as a hub for vessel works supported by the best practices in the industry.

In April, GBSL announced a significant development for the shipyard, as it reported the first of its new docks was nearing completion and is

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expected to be ready for delivery to Grand Bahama by November. The development of new docks for GBSL makes an important step in the development of the shipyard, especially in helping the shipyard to accommodate a broad range of vessel types, including existing and currently in development cruise ships. The first dock to be developed is ‘East End’, which is a 357m long, 76m wide dock, with the capability of lifting 93,500 tons, thanks to the 4 state-of-the-art modern cranes and control systems at the new dock disposal. Further development will see the second and larger dock of ‘Lucayan’, expected to arrive in 2026, whilst the work on the shipyard, including the extension of the pier, continues. The shipyard is expected to be ready to receive the East End dock in November.

In the announcement of the new dock’s completion, Dave Skentelbery, CEO of GBSL, said, “We are close to reassuming our position as a leading, world-class cruise ship repair facility. The investment by our shareholders will be a significant boost to the economy of Grand Bahama, providing both direct and indirect employment opportunities. We have engaged another 20 apprentices this year and are already in the process of recruiting crane operators to train for the new docks.” Skentelbery’s comments highlight just how valuable this development is for the shipyard and, in turn, the local economy of Grand Bahama. The shipyard will provide vital employment to support the local economy, whilst furthering the vital role GBSL will continue to play for shipping lines across the region.

The overall development is part of a wider $600 million transformation project, which includes the construction, delivery and commissioning of two world-class floating docks to Freeport. Once completed, the shipyard will have the largest lifting capacity in the world, primed to serve the entire range of cruise ships, as well as much of the world’s commercial shipping fleet, to help the shipyard continue to meet the current and growing demands from vessels arriving to the Caribbean. Thus, through the continued investment, GBSL is delivering vital infrastructural development to deliver its shipyard as a hub for repairs, refits, refurbishments and revitalisation projects at the heart of the Caribbean.

Across GBSL, there is a key focus on delivering the vital operations needed to keep the vessels of the world running smoothly, in order to support supply chains and ensure that economies around the world can thrive from the cargo and trade that comes with even the largest of vessels traversing international shipping lines. With the Caribbean being such a vital hub for ships, whether for cargo or for tourism, located along multiple key shipping lines travelling across the US Eastern Seaboard, and beyond, Grand Bahama serves as the perfect location for such a shipyard, ready to deliver the vital services needed to keep the industry running smoothly. With the continued development over the next year to deliver two world-class floating docks at Freeport, GBSL is primed to serve the global shipping industry as the yard of choice along major shipping routes.

Chevron Corporation Guyana

On a mission to provide affordable, reliable and ever-cleaner energy, Chevron Corporation (Chevron) is a leader in the global integrated energy market. Across its wide sphere of operations, Chevron delivers crude oil and natural gas, whilst manufacturing fuels, lubricants, petrochemicals and additives to support human progress. From this basis, Chevron has been carrying out vital energy projects across the world, with Guyana being one of the newest sites for the company’s development. Following key acquisitions, Chevron is now one of the largest acreage holders along the US Gulf Coast, delivering significant energy and economic development for Guyana in the process.

Chevron is focused on delivering energy infrastructure for the demands of today, whilst delivering reliable energy systems that can tackle the energy needs of tomorrow. To achieve this, Chevron focuses on sustainability and technology across its operations. Every project delivered by Chevron is designed to progress the energy sector, whilst reducing the greenhouse gas intensity of its operations through things such as energy efficiency, flaring reduction and methane management. Along with this, the company has made major progress towards the development of renewable fuels, especially for use in transportation. As part of this, Chevron produces bio-based diesels, renewable and compressed natural gas, renewable gasoline blend, sustainable aviation fuel and hydrogen. These help Chevron deliver a world where energy is accessible, but also build towards a lower-carbon energy future.

One of the central ways Chevron can deliver such a variety of renewable and energyefficient projects is thanks to the technology that underpins every operation carried out by the company. Through technology, Chevron can deliver the lower-carbon energy that the world needs, supported by scalable technological solutions. These solutions integrate artificial intelligence (AI) and advanced technology, which can be utilised to enhance the energy industry’s operations. One of the central ways AI can be used is for improving seismic imaging in deep-water breakthroughs, which can help Chevron to transform how it finds and produces oil and gas, backed by the data to support developments. These help to deliver a more resilient energy system for the future, where lower-carbon energy can be found, produced and delivered to market.

With oil and gas production making up a significant portion of its development, it’s no surprise that Chevron has major operations in some of the world’s most important oil and gas regions across the world. Many of which are producing significant crude oil and natural gas resources for the company. In Guyana specifically, Chevron has been making significant steps towards the development of oil and gas resources within the Stabroek Block. The block is known as one of the most prolific oil and gas-producing blocks on the globe. In fact,

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the block is estimated to hold 11 billion barrels of oil equivalent, making it one of the most significant oil discoveries made in recent decades. With the oil and gas reservoir located just off the coast of Guyana it has brought significant developments to the country, while helping to deliver it as home to one of the world’s fastest-growing economies.

The Stabroek Block was first discovered by ExxonMobil in 2015, who currently hold a 45% ownership, and is the operator of the block. The initial discovery was made in the Liza-1 Well, but in the last 10 years, development across the block has vastly expanded, with numerous subsequent discoveries having been made, highlighting the true potential of the region. Stabroek Block has remained under ExxonMobil’s operation, with Hess Corporation and CNNOC holding 30% and 25% ownership, respectively. Since its discovery, the Stabroek Block has transformed Guyana into a major oil-producing region, delivering significant direct and indirect jobs for those across the region to work or supply the development of the field.

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However, in July 2025, Chevron Corporation announced that it had completed the acquisition of Hess Corporation, which would see the two energy corporations join their world-class asset portfolios, people and capabilities. Thus, along with the acquisition of Hess Corporation, Chevron acquired the company’s 30% stake in the Stabroek Block, positioning Chevron in part ownership of the block alongside ExxonMobil and CNNOC. By combining two giants in the energy sector, Chevron now has one of the most differentiated energy portfolios in the industry, with operations spanning multiple critical energy markets around the world.

Following the acquisition, John Hess will now join Chevron’s Board of Directors, subject to the Board’s approval, to enhance the synergies between the two companies and offer his experience in the sector to Chevron. In the announcement of Chevron’s acquisition of Hess Corporation, Mike Wirth, Chevron’s Chairman and CEO, outlined that “the combination [of the two companies] enhances and extends our growth profile well into the next decade, which we believe will drive greater longterm value to shareholders.” Thus, following the acquisition, Chevron now has leading positions in energy markets around the world, delivering a high cash margin production profile with an expected

production volume of 4.31 million boe/d by 2030, which significantly enhances Chevron’s existing production as a standalone company.

The acquisition now positions Chevron as the largest acreage holder along the US Gulf Coast, with access to one of the world’s largest energy markets. However, even before the acquisition, Hess Corporation and Chevron had been partners in deepwater projects for many years, delivering vital energy resources to markets across the world. Thus, the two companies will now come together to deliver their vital oil and gas expertise to enhance Guyana as a new market for sustainable energy development for Chevron.

Ultimately, Chevron’s acquisition of Hess Corporation marks a significant milestone in the company’s entry into the Guyanese energy market. We can expect to see Chevron bring together its wealth of experience across its global portfolio, supported by the frameworks laid out by Hess Corporation, to deliver vital energy resources for Guyana. As Chevron now looks towards the future, with the wealth of expertise that Hess Corporation adds to its existing portfolio, we look forward to seeing how it will expand its role across the region to bring low-carbon energy to market, whilst delivering vital economic benefits for Guyana in the process.

With a portfolio of energy projects spanning across the world, Shell is today recognised for its expertise, knowledge, and proven deep-water technologies, which it utilises to unlock new resources to deliver safe and efficient energy for the globe. It is this deep knowledge of the world’s energy sector that began Shell’s deep-water development era in the Gulf of Mexico (also known as the Gulf of America) more than 40 years ago. Today, Shell is the leading deep-water oil and gas producer in the Gulf of Mexico, playing a critical role in delivering deep-water projects that are powering progress across the region.

Shell’s operations in the Gulf of Mexico began when a team of engineers, scientists and explorers came together to reimagine the future of the region’s offshore oil and gas production. The first platform developed was the Cognac Platform in 1978, which exemplified Shell’s expertise in the deep-water development field as it was the first company to produce resources at water depths of 1000 feet (ft). From the establishment of this platform, it was clear that Shell was to be a leading player in the Gulf of Mexico’s development.

Over the years, Shell has continued to invest in profitable and carbon-competitive oil and gas projects achieved through its exceptional technological milestones across the design, construction, and operation of world-class oil and gas producing assets operating at water depths. It is Shell’s innovative approach to deep-water development, often using standardised designs, which has allowed it to remain so competitive. By standardising its operations, Shell can reduce costs and provide quicker returns, and in turn, Shell’s production across the Gulf of Mexico now ranks among the lowest greenhouse gas (GHG)

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At the heart of Proserv’s success lies its status as a trusted partner to industry giants like Shell. In the Shell Arran greenfield development, Proserv delivered a high-data-capacity subsea control system that supported real-time well monitoring. This sophisticated, cost-effective alternative to expensive fiber optics not only met Shell’s performance requirements, on time and within budget, reinforcing Proserv’s reputation for ingenuity and cost-efficient excellence.

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intensity in the world for the production of oil. It is this focus on decarbonisation alongside its project delivery that has set Shell up to deliver vital energy resources across the Gulf region, supported by innovation, research, and development focused on delivering energy now and for the future.

As the largest operator in the Gulf of Mexico, Shell operates world-class oil and gas projects, including one of the world’s deepest offshore drilling and production facilities, the Perdido Platform. The platform operates at water depths up to 2,450 metres, highlighting Shell’s ability to deliver ultra-deep-water exploration at such depths. Perdido began production in 2010, and at its peak and can produce up to 125,000 barrels of oil equivalent per day (boepd). The platform is operated by Shell, who hold a 35% working interest, with joint venture partners of Chevron (37.5%) and BP (27.5%). The platform acts as a hub and enables the development of the Great White, Tobago, and Silvertip fields, extracting oil from 35 subsea wells.

However, in recent years, Shell has been developing new and innovative platforms, which are focused on decarbonising its deep-water operations. One of the most notable recent developments for this is the Vito Platform, located 150 miles from New Orleans. The Vito Platform has brought a new era for Shell’s offshore production across the Gulf, with the platform designed to be much smaller and more compact than a typical offshore platform. With Vito being roughly 70% of the size of the platforms we typically see for offshore oil and gas production, the platform provides Shell with a more environmentally friendly development for energy production as it requires less steel, cables, space and power to operate. Therefore, Vito greatly reduces the impact of the development and operation of the platform on the environment. To further enhance its sustainability, Vito is expected to see a reduction in its estimated electrical power load consumption across the platform, whilst also delivering more efficient waste heat recovery units. The platform will have optimised turbines to better fit the required load demand needed to operate the smaller Vito. Production began at Vito in February 2023 and now serves as a clear blueprint for Shell to deliver deep-

Innovative Deep-Water Development

water projects across the Gulf of Mexico to help improve its platform delivery and development to be both economically and environmentally enhanced.

Building on the success of Vito, Shell began work on the Whale Platform, the second of three planned oil and gas platforms, which will feature a similar compact size to the Vito Platform. In contrast to many platforms along the Gulf of Mexico, Whale is roughly only a 6th of the size of the tallest offshore platform in the world. The Whale platform has been designed as a close replica of Vito, but the platform is built to withstand 30-metre waves that often occur during hurricane season. The platform was installed in February 2024, located within the Whale oil and gas fields at a depth of 2,600 metres. The platform is operated by Shell Offshore Inc., a subsidiary of Shell Plc, who have a 60% interest in the platform, alongside Chevron (40%).

In January, Shell Offshore Inc. announced that production had commenced from the Whale Platform. The platform is estimated to have a peak production capacity of 100,000 boepd, with an estimated recoverable resource volume of 480 million barrels of oil (boe). Announcing the start of production from Whale was Zoë Yujnovich, Shell’s

Integrated Gas and Upstream Director, outlined that “Whale demonstrates our focus on driving more value with less emissions from our Upstream business as we deliver the energy people need today. Yujnovich continues, “It [Whale] will make a significant contribution to our commitment to bring projects online, with a total peak production of more than 500,00 barrels of oil equivalent per day from 2023 through 2025”. With a significant production capacity expected from Whale over the coming years, this highlights the leading role Shell is playing in developing energy developments across the Gulf of Mexico.

However, with the Whale Platform replicating 99% of the hull design and 80% of the topside from Vito, Whale enhances Shell’s deep-water development, where its oil production has among the lowest GHG intensity in the world. Whale features energyefficient gas turbines and compression systems, which operate with 30% lower GHG intensity over its lifecycle compared to Vito. This development exemplifies Shell’s continual movement towards decarbonising its deep-water operations and ensuring that with every new development, it is building upon this goal.

Across its platforms in the Gulf of Mexico, Shell is proactively managing the greenhouse gas intensity of its deep-water operation through innovative

project design, efficient operations, and strategic handling of late-life assets. In fact, Shell has achieved a 40% reduction in methane emissions in the Gulf of Mexico since 2016, and in 2023, Shell’s Gulf of Mexico emissions were 5% below its planned target, with intensity levels 9% below expectations. This continual movement towards decarbonisation is underpinned by Shell’s constant investment in research and development through collaboration with more than 25 universities and research centres. This research helps Shell to continually develop its project construction, development and delivery to ensure that each platform or energy development is working towards the global company’s long-term investment towards profitable and carbon competitive oil and gas projects across the Gulf of Mexico.

Across the Gulf of Mexico, Shell is playing a leading role in developing vital platforms that are enhancing the region’s vital oil and gas deposits to bring this energy to market. However, their primary focus throughout this is to deliver energy projects that optimise its research, development and expertise to deliver energy resources in a sustainable way. With compact and energy advanced platforms such as Vito and Whale, Shell is delivering vital energy with a low GHG emission intensity that helps deliver the energy needed today, whilst protecting the planet for the future.

FUELLING A GREEN FUTURE

Paria Fuel Trading Company Limited, is transforming the Caribbean’s energy landscape.

As a key supplier of refined petroleum products and a pioneer in sustainable energy, Paria is dedicated to balancing business success with environmental responsibility.

CORE OPERATIONS:

Trading 45,000 barrels of petroleum products daily, including motor gasoline, kerosene, gas oil, and fuel oil.

Extensive distribution network serving local, regional, and international markets. Also supplying HVO starting early 2025

ENVIRONMENTAL LEADERSHIP:

Committed to sustainability with initiatives like distributing 100,000 seedlings to schools and reducing carbon emissions through employee workshops.

Proud recipient of the International Sustainability and Carbon Certification (ISCC), aligning with European environmental standards and exploring low-carbon marine fuels.

INNOVATIVE METHANOL BUNKERING:

Paria recently achieved a historic milestone in Caribbean energy by launching methanol bunkering services, positioning Trinidad and Tobago as a regional low-carbon bunkering hub by 2026.

Looking Forward, Paria is not only powering today but investing in a sustainable future. With a focus on green energy solutions and community impact.

Paria is shaping a cleaner, more sustainable energy future for the Caribbean.

Photo Credit Perenco

Perenco Brazil

As part of the global Perenco Group, Perenco Brazil brings together the expertise and know-how developed across the global company and utilises this in developing new and exciting offshore developments for Brazil. A key area for oil exploration offshore Brazil is within the Campos Basin, where the first well was drilled as early as 1971. For over 50 years, the field has seen vast exploration, and now, through Perenco Brazil, the company has begun vital production from the Pargo Cluster within the basin, now producing up to 20,000 barrels of oil per day. In delivering such vital oil production for Brazil, Perenco can achieve its central mission to deliver solutions that unlock stranded reserves whilst extending the economic life of the fields it works across. With this mission in mind, Perenco Brazil’s exploration of the Pargo Cluster is vital and looks to deliver valuable oil resources for Brazil.

Perenco Group currently operates across 14 countries worldwide, and across these locations, the company produces a gross total of 500,000 barrels of oil per day (boepd). In recent years, the company’s development in Brazil has been a key focus, especially following its acquisition of key oil fields from Petrobras in October 2019. However, Perenco Brazil, the Brazilian subsidiary of Perenco Group, has been operating in the country for many years, with the company awarded 5 deep water exploration licences in 2008 following a 9th round of licensing. The exploration block awarded to Perenco is held in partnership between the company and OGX and is located within the Espirito Santo Basin.

Whilst its other licences have been vital for Brazil’s energy development, it is the company’s acquisition of the Pargo Cluster from Petrobras in 2019 that has shaped Perenco’s current developments across Brazil. The Pargo Cluster is held 100% by Perenco and comprises a group of oil fields in the Campos Basin offshore Brazil, including the Pargo, Carapeba and Vermelho fields. The assets upon acquisition were mature developments and would require a revitalisation project to enhance their production. To achieve this, the Pargo Cluster Development Plan was developed and formally approved in 2021. The aim was to revitalise the oil fields across the Pargo Cluster and increase the production from these fields whilst extending their operational life.

Photo Credit Perenco

Perenco Brazil

DOF Brasil

DOF Brasil celebrates 25 years of expertise and commitment, delivering integrated offshore services across the energy sector.

Over the years, DOF has expanded its local and global footprint, offering integrated marine and subsea services throughout the offshore lifecycle — all from a single company.

Driven by our core values - Safety, Respect, Integrity, Teamwork and Excellence - we uphold the highest standards by combining a skilled workforce with a high-end fleet to deliver smart, safe and efficient solutions for the most demanding offshore challenges.

DOF supports key segments in the O&G and Renewables markets, including:

• Vessel Management & Operations

• IMR Projects (PIDF – Flexible Lines & Subsea Facilities Inspection Plan)

• ROV, AUV & Survey Services

• Flexible Pipelay Vessels & Service

• SURF & Decommissioning Projects

• SAT & Air Diving Vessel Operations & Service

• Mooring Operations

• Seismic Cables & OBN Installation

• Offshore Wind T&I and Cable Repairs

As we celebrate this milestone anniversary, we look forward to continuing and expanding our successful journey.

One of the central revitalising projects of the Pargo Cluster Development plan was the installation of a Floating Storage and Offloading (FSO) vessel, FSO Pargo. The FSO Pargo project saw the conversion development of a double-hulled vessel, with a 750,000 barrel capacity, that would receive oil from the Pargo platform. The vessel received its first oil from the Pargo Cluster at the end of 2023 and is now anchored by 9 moorings, which connect to a new integrated turret system. The oil is passed through the 2.8km pipeline to connect the FSO with the platform. Currently, the Pargo Cluster produces around 20,000 barrels per day, which is a stark contrast to the production level at 2,800 barrels per day when Perenco took it over in 2019. Today, the development of FSO Pargo forms part of Perenco’s $400 million investment into the Pargo Cluster and provides essential oil production for the country.

Photo Credit Perenco

Upon the announcement of the first oil delivered to FSO Pargo in December 2023, Yves Postec, General Manager of Perenco Brazil, outlines that “FSO Pargo first oil represents a major landmark for the consolidation of Perenco’s long term strategy for the Pargo Cluster. It will be able Perenco Brazil to structure a new scheme for marketing of Pargo oil, one that reinforces the company’s independent and bold values. This project perfectly illustrated the Group capacity to innovate and execute independently. Perenco is very proud of this important milestone”. As we can see from Postec’s comments, the development of the FSO and the overall development of the Pargo Cluster is a valuable field that is delivering significant results for Brazil. Therefore, with the development of FSO Pargo and the continued revitalisation of the Pargo Cluster, Perenco’s operations in Brazil add to the company’s broader strategy to maximise production and extend the life of the assets within the cluster for many years to come.

SULNORTE

Brazilian Oil Exploration

However, Perenco has only continued to build on its operation in Brazil, and in April 2024, it acquired the Cherne and Barge oil field concessions. The acquisition deal is between Perenco Brazil and Petroleo Brasileiro S.A. (Petrobras) and will see the Cherne and Barge fields and two fixed platforms taken over. The platforms, PCH-1 and PCH-2, are located about 30km from the Pargo Cluster at water

Photo Credit Perenco

Perenco Brazil

depths of 120-140 meters and had previously been hibernated by Petrobas in early 2020 and scheduled for decommissioning. Upon the completion of the transaction this year, Perenco is set to implement a vast redevelopment project for these fields and, in turn, restart production. The Cherne and Barge fields are expected to reach a target production rate of 10,000-15,000 barrels of oil per day, whilst Perenco looks to unlock more than 50 million stock tank barrels (mmstb) of reserves. Once in production, these are hoped to be linked with the FSO Pargo to continue enhancing the oil fields of the Campos Basin via a new export pipeline.

Armel Simondin, Chief Executive Officer at Perenco, outlined, “The acquisition is a new milestone for the Perenco Group in Brazil. Since the takeover of the Pargo assets in 2019 at a rate of 2,800 bopd, we have increased production to over 20,000 bopd and successfully installed our own FSO. Perenco is proud to deploy its know-how to extend the life of these mature fields and grow our footprint in Brazil”. What we can see from Simondin’s

Photo Credit Perenco

comments is that Brazil remains a vital development for the company, and through its constant focus on enhancing existing assets, Perenco can achieve its central mission to unlock and develop existing reserves to extend the economic life of fields by leveraging its solutions and expertise to add value to the industry’s existing mature field challenges.

Across Perenco Brazil’s operations, you can really sense the company’s appetite and capacity to develop the mature assets of the oil industry, in order to maximise production and deliver assets for a much longer life cycle. By investing in mature fields across Brazil, Perenco Brazil has delivered vast oil production for the region and, in turn, delivered the Pargo Cluster as a resource for the future of Brazil’s oil industry. With its vital Pargo Development Plan to the more recent acquisition of further fields across the Campos Basin, Perenco Brazil is aligning itself as a leading energy company on a mission to deliver a fair energy industry that brings together its expertise and innovative global spirit into solutions to enhance Brazil’s energy industry for the future.

Photo Credit Perenco

Photo Credit Perenco

CMA CGM Brazil

CMA CGM are a shipping and logistics company that needs little introduction. With operations spanning more than 420 ports across the world, the company is known for its seamless delivery of efficient logistics solutions that take its cargo from customer to end markets across the world via sea, land and air logistics routes. Thus, CMA CGM is committed to ensuring that its customers’ goods reach their end markets, supported by the company’s comprehensive and innovative shipping solutions. A key area for the company’s current development is in Brazil, where CMA CGM are working to enhance the logistics sector of the country, and position the country as a hub for shipping solutions at the heart of Latin America.

CMA CGM has spent almost 5 decades developing its deep understanding and expertise of the global shipping and logistics industry to deliver a range of shipping solutions, perfectly suited to the needs of each customer’s cargo. CMA CGM began as a company that focused on providing a long-term strategic vision for the shipping industry, driven by expertise and passion. Today, with these same values, CMA CGM continues to grow and is now a leader in global shipping solutions. The Group is now present in 160 countries across its global network, with more than 400 offices and 750 warehouses worldwide. Therefore, CMA CGM offers one of the largest shipping networks in the world, with routes spanning the globe serviced by its environmentally friendly, high-performance ships. CMA CGM provide value-added solutions to protect, track and optimise the shipping of goods. Now, with more than 40 years of experience in deep-sea shipping as well a short-haul shipping lines, CMA CGM has services suited to every customer. It provides solutions ranging from fleet, port infrastructure or services through one of its specialist subsidiaries. Consequently, the company serves 420 trading ports across the globe. In terms of cargo shipping, CMA CGM is well equipped to

transport a range of materials, from liquid and perishable cargo to heavy goods such as yachts and industrial machinery. With such diverse cargo shipping offerings, CMA CGM can meet the needs of its clients and offer tailor-made solutions and services which are perfectly suited to the cargo and its transportation needs.

One of the most innovative solutions offered by CMA CGM is its dedicated door-to-door services, CMA-CGM Intermodal. This service combines the necessary train, barge, and truck services with its existing shipping vessel fleets to deliver its customers’ cargo directly from them, along its entire transportation route, until it reaches its destination. This is available all over the world and draws on the full strength of its land-based infrastructure to offer the best intermodal freight transport services to its customers. By utilising CMA CGM’s global networks, it can ensure the secure and reliable delivery of its customers’ cargo and ensure that it can be transported to anywhere in the world, including to and from landlocked countries. This makes CMA CGM’s services super competitive as it can cut down on the need for multiple different

Connecting Brazilian Ports to the World

shipping bodies and instead utilises CMA CGM’s network to make supply chains more seamless, and in the process more cost-effective.

These are some of the key services that are being developed across Brazil, where CMA CGM calls at 11 ports along the country’s coastline. CMA CGM has been calling at Brazilian ports since the 1980s, and in 2003, it launched its own maritime agency, CMA CGM do Brasil. With the introduction of this agency, CMA CGM has continued to expand its reach across Brazil, providing an increasing number of shipping

SULNORTE

Asia Shipping: Navigating Global Logistics with Innovation and Trust

As the largest freight forwarder in Latin America and a top 30 global player, Asia Shipping expertly connects continents. With 45 offices across 12 countries and over a thousand professionals, we are a vital bridge for suppliers, shipowners, ports, and carriers, driven by a commitment to excellence. Innovation is central to Asia Shipping’s DNA. Our continuous investment in AI and cutting-edge technology ensures seamless operations, enhanced transparency, and data-driven efficiency, preparing clients globally for the evolving digital trade landscape. Beyond technology, premium service is paramount. We deliver bespoke solutions and personalized attention, fostering operational efficiency and lasting trust with every client.

Asia Shipping consistently upholds compliance and ethical practices. Proudly, significant certifications demonstrate our dedication to the highest ethical standards and robust governance, assuring global partners of our integrity and secure operations.

Asia Shipping combines innovation, unparalleled service, and unwavering integrity to deliver superior logistics solutions worldwide.

and logistics services. However, the company’s role in Brazil does not just end at the port; instead, the company offers intermodal connections across barge, rail, cabotage ship and trucks. All of these aspects make up the vast logistics chains that CMA CGM has become known for serving across vital shipping networks both on sea and land. CMA CGM’s particular specialities in Brazil focus on the delivery of project cargo operations, with the company being a leader in refrigerated cargoes, especially across the Northeast of the country.

One of the most significant ports served by CMA CGM, is the Port of Rio de Janeiro, where PortosRio is the port authority. The Port, located on the west shore of Guanabara Bay, is the third-busiest port in Brazil, specialising in general containerised cargo, electronics, rubber, petrochemicals, vehicle parts, coffee, steel products, press paper rolls, and solid bulk. These materials are vital for the Brazilian economy and are delivered in and out of the port via the 6.7 km-long pier and the port’s 31 berths. With such vital materials moving through the Port of Rio de Janeiro, the shipping and logistics operations

Connecting Brazilian Ports to the World

CMA CGM Brazil

at the port are vital in supporting the economy of Brazil. For this reason, CMA CGM provides services across the Port of Rio de Janeiro to help deliver materials across local and international markets.

However, as the largest port in Latin America, the Port of Santos is vital to enhancing the CMA CGM’s global port network in Brazil. The port connects to more than 600 ports in 200 countries worldwide. The port is vital to Brazil’s foreign trade, with roughly 29% of the country’s trade flow passing through the port. In 2023 alone, the port moved more than 173 million tons of cargo and 5 million TEUs, with its primary hinterland comprising 5 states that account for 50% of Brazil’s GDP. The port is overseen by the Santos Port Authority, which is focused on delivering operational efficiency, sustainability, agility, integrity, and competitiveness through its management of port operations. By continuing to promote the port in this way, the Santos Port Authority has harnessed the port’s infrastructure to now be one of the best and largest ports in Latin America. With this reputation, it is no surprise

• Expert opinions

Connecting Brazilian Ports to the World

that major shipping companies such as CMA CGM continue to arrive at the port to help it carry out its global shipping operations.

In April, CMA CGM announced that following the closing of its acquisition of approximately 47.9% of Santos Brasil Participações S/A (Santos Brasil) from funds managed by Opportunity, the Group will hold a 51% stake in Santos Brasil. These shares would be combined with a 3.1% stake from a subsidiary of CMA CGM, which it had previously purchased in September 2024. The acquisitions, following regulatory approvals from the relevant Brazilian authorities, will see the group take over as the controlling interest shareholder of Santos Brasil. This is a vital development for CMA CGM in Brazil, because Santos Brasil operates one of the largest container terminals in the Port of Santos. Thus, by now holding a majority interest in the terminal, CMA

CGM now has significant control over a key asset that will continue to enhance its own operations across Brazil to deliver seamless logistics and supply chain capabilities for the region.

In Brazil, the shipping and logistics industry is vast, with numerous ports playing a valuable role in supporting the economy and keeping global supply chains running seamlessly. With one of the largest ports in Latin America, as well as many vital ports serving both import and export markets, the country continues to enhance its shipping offerings to meet the growing global demand for cargo. For CMA CGM specifically, Brazil offers a vital gateway into the heart of Latin America, and through its various port operations spanning the country, the global shipping giant can continue to expand its logistics network and deliver even more seamless shipping solutions across every corner of the globe.

Port of Milwaukee

From its home on the western shore of Lake Michigan, the Port of Milwaukee is a vital hub for shipping operations connecting Wisconsin with important markets across the US and along international shipping routes. The port’s central mission is to enhance the economic and social well-being of the city through trade, business, and employment supported by its port activities, which position the state as a leading centre for domestic and international transportation and freight distribution services. Handling approximately 2.3 million metric tons of cargo annually, it has continued to strengthen its reputation as a key player in the state’s trade, helping to maintain Milwaukee as a watercentric city, where businesses and communities thrive thanks to the port’s maritime operations.

The Port of Milwaukee, overseen by a sevenmember board of Harbour Commissioners, aims to foster shipping and economic development in Wisconsin and neighbouring states through its top-tier domestic and international transportation and freight services. The Port can accommodate vessels up to a maximum draft of 8.08 metres under normal water conditions and up to 304.8 metres in length. Additionally, the port features two dedicated barge berths with drafts exceeding 5.5 metres. These facilities ensure the port can efficiently manage cargo from both local and international clients.

Vessels arriving at the Port of Milwaukee gain access to a range of services to offload and unload cargo across 330,000 square feet (sq. ft) of covered warehouse space. This is specifically designed for bulk, steel and general cargo, but there is also 30,000 sq. ft of climate-controlled space should a customer’s cargo require it. This space is utilised by customers spanning a multitude of industries, with common good transported including steel, wind turbine components, brewery tanks, mining equipment, yachts, forest products, transformers, farm equipment, construction machinery, manufacturing equipment, bagged materials and other project cargoes. With such a vast array of products moving through the port, we can

begin to understand just how vital the Port of Milwaukee is in supporting these industries, and in turn, the local and national economy.

One of the main reasons the port can support such a variety of cargoes is due to the commercial operational flexibility of the port, which is unique to the Western Great Lakes and the St. Lawrence Seaway inland waterway system. This is largely aided by the Port’s location, which allows it to serve primary markets across the State of Wisconsin, as well as northern and western Illinois, and eastern Minnesota via both road and rail services. The Port benefits from its proximity to railroad links, which provide the port with the valuable infrastructure to get cargo moving from the port and across the country seamlessly. The Port of Milwaukee is served by two Class I railroads: the Union Pacific (UP) Railway and the Canadian Pacific Kansas City (CPKC) Railway. These provide an essential link to other states, and so vessels stopping in Milwaukee can use the port to distribute their products throughout the region and onto the national marketplace. This reliance on the railroad infrastructure has been further

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Port of Milwaukee

M.E. Dey & Co.

For over a century, the partnership between M.E. Dey & Co. and the Port of Milwaukee has played a significant role in shaping local trade in the community. Our founder, Mae Elizabeth Dey, established an office as a Customhouse Broker in 1907 by request of the district Director of Customs to provide brokerage services at the port. As Wisconsin commerce grew, so did we. Today, M.E. Dey is a fullservice international logistics provider offering global transportation, customs brokerage, compliance, and consulting services. We support importers and exporters across a wide range of industries with tailored, strategic solutions. Our longstanding relationship with the Port of Milwaukee remains vital as both the port and M.E. Dey continue to expand—ensuring Wisconsin businesses stay competitive in an increasingly complex world.

developed by the Port of Milwaukee as it also owns and maintains 14 miles of its own rail track, which connects up with the UP and CPKC railways.

In addition to the railroads, the Port of Milwaukee is also directly served by the Federal Interstate Highway System with the I-94/794, which allows trucks to drive directly into the port. This ease of access to the port for the land freight forwarders and trucking companies allows for a quicker turnaround on shipment pick-ups and therefore a speedy delivery to customers. Consequently, through almost 350 miles of highway connection, the Port of Milwaukee provides direct access from its ports to crucial trade hubs such as Chicago, Minneapolis, St. Paul, Peoria, Des Moines, Moline, Indianapolis, Madison and Green Bay.

Ultimately, what continues to make the Port of Milwaukee so successful on a wide scale is its network of transportation professionals across the region. This includes everyone from vessel and barge owners to rail operators, freight forwarders, customs brokers, and other beneficial owners of cargo. Collectively, this network helps deliver the

A Hub for Cargo Distribution

integrated transportation network across the state to help the Port continually meet its logistics and shipping needs. With such a vast network, it’s no surprise that the Port’s operations have reaped significant economic benefits both to people and the local economy, with more than 1,300 jobs created through the port, and $155.7 million generated in economic activity, with $100.3 million in income generation. Thus, in its commitment to stimulating trade on both a local and international scale, the port continues to be largely successful in delivering vital benefits for all those involved.

Aside from cargo and the State’s import and export activities, the Port is also home to a thriving tourism sector, which sees thousands of global passengers descend on the port annually. For the Port of Milwaukee, it aims to be a premier destination for tourists seeking a diverse and vibrant travel experience. Cruise tourism is vital for bringing significant economic benefits to the local economy, and the cruise business of the Port of Milwaukee is no exception. Every year, multiple different cruise companies arrive at the Port on travel itineraries that include Milwaukee. The typical cruise season spans from late April until mid-October, and so the 2025 cruise season for the Port of Milwaukee is well underway. The inaugural cruise ship to call at the City of Milwaukee for the 2025 season was Viking Octantis, marking it as the fourth consecutive year this vessel has opened the cruise season for the port.

Over the upcoming season, the Port of Milwaukee expects around 22 cruise vessels to arrive at the port, spanning 44 itineraries. These calls are estimated to bring around 11,000 global passengers to Milwaukee, providing a significant benefit to the local economy. Other vessels arriving at the Port this season will include Viking Polaris, Pearl Mist, and, after a 7-year hiatus, the port will see a return from cruise vessels from Victory Cruise Lines. What we can see across the Port of Milwaukee’s cruise services is that the tourism sector is vital for the local economy, and with the repeated arrival of giant cruise liner companies such as Viking and Pearl Seas to the shores of Milwaukee, it is an industry that will continue to expand. Thus, with the vital infrastructure and services in place, the port is primed with the expertise to service these vessels, bringing benefits to both its visitors, local economy and the port, thanks to its growing reputation as a leading cruise port of call.

From cargo movement to cruise itineraries, the Port of Milwaukee is primed to be a leading hub for maritime activities located at the heart of the Midwest of the US. As the Port moves towards the future, it will continue to expand on its port offerings to enhance its delivery of maritime services and help it to keep cargo moving, supported by its integrated infrastructure to boost local and international trade for many years to come.

Port of Lake Charles

Located in Louisiana, The Port of Lake Charles is a deepwater seaport along the Calcasieu Ship Channel which runs north of the US Gulf Coast. Encompassing roughly 203 square miles of prime channel-side real estate, the port is now the 12th busiest across the nation and annually handles over 56 million tons of breakbulk and bulk cargo travelling along the channel. Therefore, the Port of Lake Charles continues to play a pivotal role in developing the economic landscape of Louisiana through vital cargo shipment and handling facilities.

The Port of Lake Charles is responsible for managing the Calcasieu Ship Channel which runs inland 36 miles and extends out into the Gulf of Mexico a further 32 miles. This Ship Channel drives almost $40 billion of the US Gross Domestic Product (GDP) as it facilitates the shipment of cargo and materials across the Gulf Coast of America. Therefore, the Port of Lake Charles provides essential cargo and landlord services and today is regarded as the 14th busiest port district in the nation as ranked by the US Army Corps of Engineers based on tonnage.

The Port opened in 1926 following its authorization by Act 67 of the Louisiana Legislature just a few years earlier. The official title of the port upon opening is The Lake Charles Harbour and Terminal District, a title the port has kept to this day. However, since its origins the role of the port has continued to expand and now is annually responsible for helping the shipment of vital cargo such as forest material, aluminium ingots, grain, rice, petroleum and petroleum products, frac sand, and heavy lift project cargos. All of these cargos are handled by the port and delivered to the vital land logistical infrastructure across Louisiana.

The Port of Lake Charles is governed by a 7-member board of commissioners who are responsible for overseeing the 2 marine terminals and the 500 acres of property which make up the Lake Charles Harbour and Terminal District. Therefore, serving as the landlord to companies across the port property as well as various other leasable sites near the Calcasieu Ship Channel, the Port of Lake Charles plays an expansive and committed role in ensuring the development of the Louisiana region via the port’s services and land.

A key part of the Port of Lake Charles’ operation is in marine shipping. The port has developed a custom shipping solution which delivers big results for the shipping channel. This includes the City Dock Facility, where the majority of cargo operations take place. It includes 12 deep water berths, where cargo is offloaded or loaded. The berths have a projected depth of 35 feet (ft), with berth 8 having a depth of 40 ft which is used for bulk grain shipments. The facility also includes a 1.6 million square foot of covered storage for warehouse services. The City Dock Facility is located close to essential rail links

making it an ideal location to connect the port to the rest of the state and beyond.

The Port’s Bulk Terminal No.1 provides 7 acres of dry bulk terminals at the Rose Bluff Cutoff along the Calcasieu Ship Channel and can accommodate 2 vessels for loading and unloading. Furthermore, the terminal also operates 2 travelling ship loaders and 2 travelling clamshell bucket unloaders, these include a pet coke ship loader which can facilitate 3,200 short tons per hour, and a calcined coke ship loader with a capacity for 1,200 short tons per hour. Bulk Terminal No.1 provides vessel-tovessel, vessel-to-truck, or vessel-to-open storage solutions. Consequently, the terminal processes more than 3.1 million short tons of dry bulk material annually which includes petroleum coke, calcined coke, barite, rutile, and other dry bulk commodities. In addition, the port is home to Bulk Terminal No.4 which deals in aggregates and is leased to a private company. The Terminal has a 251ft dock face, which can extend to 355 ft with dolphins and has a depth of 35 ft to help move more than 1 million metric tons of imported aggregate annually.

Port of Lake Charles

The facilities at the port have been designed to deal in such high quantities of multiple different types of cargo including break-bulk, speciality, heavy-lift, and project cargo from industrial components to forest/lumber products. Whilst the port facilities help to optimise the efficiency of shipment across the terminals, the port is also in a great strategic location just 12 miles upriver from the Gulf Intracoastal Waterway, is close to rail lines (Port Rail) and only 2.5 miles from an interstate. Therefore, the shipment of cargo from the port across land logistical services is made so much easier. Therefore, it is no surprise that the port trades with more than 70 countries around the world thanks to its reputation as the port of choice along the shipping channel.

As the company looks towards the future it is set on developing facilities at the Port of Lake Charles to cope with the $46 billion worth of pre-planned projects set to take place along the ship channel. This will add a further 90.8 million tons of cargo to the existing 56 million tons already travelling through the channel and port every year. The port has already begun inputting new port docks which can accommodate loads of 1500-2000 pounds per square foot, which is almost 4 times the strength of its current berths. This is part of more than $287 million in capital projects which are planned over

the next decade to expand the port’s role and capacity as it continues to be a key player in world trade and speciality cargo.

Another key development for the future is the opening of Cameron LNG (Liquified Natural Gas) Facility which will handle the exports of coke by-products from local petroleum refining, imported lumber, exported bagged and bulk grain, wind energy equipment, project cargo, limestone, rutile, barite, rubber, and chemical products. As this development will take place on the leased land of the Lake Charles Harbour and Terminal District, it will continue to establish the port as a key player for international shipping of cargo.

Overall, the Port of Lake Charles is home to one of the most pivotal ports along the Calcasieu Ship Channel and is responsible for developing a significant part of the Louisiana economy thanks to cargo shipment both into and out of the country. With key developments set to take place over the coming years to meet the growing demand for shipments along the Calcasieu Ship Channel, we look forward to seeing how the port’s facilities continue to expand and meet the needs of the future as a leading port and cargo terminal.