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Svitzer and Cochin Shipyard Ltd. sign Letter of Intent to advance electric TRAnsverse tugs manufacturing in India

Svitzer today announced the signing of a landmark Letter of Intent (LoI) with Cochin Shipyard Limited (CSL) to construct a new generation of electric TRAnsverse tugs in India. The agreement marks a clear step forward in Svitzer’s electrification roadmap and in strengthening India’s role as a global maritime manufacturing hub.

Under the LoI, Svitzer and CSL will collaborate on plans to build electrical TRAnsverse tugboats at CSL’s yard facilities in India — signaling Svitzer’s long–term intent to Make in India and to bring to market one of the most advanced and environmentally progressive tug designs to support India’s green port and green towage ambitions. Signature took place during India Maritime Week in Mumbai.

The collaboration will combine Svitzer’s global expertise in sustainable towage with CSL’s excellent shipbuilding capability and the wider strengths of India’s engineering talent, supply chains and innovation ecosystem.

The TRAnsverse concept is central to the partnership. Known for exceptional manoeuvrability and efficiency, TRAnsverse tugs provide precise control in confined waters, improving safety and operational performance while reducing energy use and emissions.

These vessels are intended for Svitzer’s global fleet renewal and growth markets, and will also create the opportunity for a locally built, world‑class design to be deployed in Indian port and terminal operations.

This partnership represents a significant step toward decarbonising towage and advancing India’s maritime industry toward a low‑carbon future. As critical first‑ and last‑mile port infrastructure, Svitzer’s towage solutions, decarbonisation expertise and asset mix provide a strong foundation to enhance the sustainability of port operations.

Kasper Nilaus, CEO, Svitzer, said:
“With this LoI we are taking a decisive step on our electrification journey. India’s shipbuilding ecosystem—and CSL’s proven track record—make Cochin a great place to further develop and build the TRAnsverse. We see strong alignment with the Government of India’s Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047. By pairing Svitzer’s nearly 200 years of towage experience with Indian engineering and manufacturing strength, we aim to deliver cleaner, safer and more efficient harbour operations for customers in India and around the world.”

Madhu S Nair, Chairman and Managing Director, Cochin Shipyard Limited, said:
“We look forward to working closely with Svitzer to make plans for building the next‑generation TRAnsverse tug in India. This collaboration will showcase CSL’s world‑class capabilities, deepen local supply chains and talent, and accelerate the availability of green, high‑performance tugboats for ports at home and abroad.”

More information: https://svitzer.com/transverse/

Attachments


GLOBENEWSWIRE (Distribution ID 1001136270)

Consumers Sound Alarm as WHO COP11 Threatens Harm Reduction

GENEVA, Oct. 30, 2025 (GLOBE NEWSWIRE) — The WHO’s upcoming COP11 meeting in Geneva is sparking fierce debate, as activists from the World Vapers’ Alliance project a clear message onto the venue: consumers must be recognised, not sidelined.

Michael Landl, WVA Director, called the conference an echo chamber stuck in outdated, anti–science thinking that fails smokers. “Harm reduction isn’t a marketing ploy, it’s a public health necessity supported by hard data,” he said. “Consumers’ lives matter more than ideology or the views of wealthy WHO donors like Michael Bloomberg. It’s time consumers got a real seat at the table.”

Delegates will soon decide policies that affect millions of smokers, yet those affected remain excluded. The WHO aims to enact bans on flavoured vaping, nicotine limits, heavy taxation, and further restrictions. These policies ignore evidence clearly showing vaping and nicotine pouches are far less harmful than cigarettes and effective quit aids.

Liza Katsiashvili, Director of Operations of the WVA, warned that COP11 could become the moment tobacco control chose prohibition over progress: “Banning flavours won’t save lives; it sends smokers back to cigarettes. High taxes and bans only fuel black markets. The lessons from failed policies are clear. Delegates have a choice: listen to the facts or repeat costly mistakes.”

The voices of consumers have long been shut out, replaced by ideologically driven groups with preset agendas. The WVA’s “Voices Unheard – Consumers Matter” campaign demands that governments change this closed process now, prioritising evidence and people over ideology as the tobacco control debate intensifies. COP11 will take place in Geneva from November 17 to 22.

—

Contact:
Liza Katsiashvili
Director of Operations of the WVA
[email protected]

About the World Vapers’ Alliance:
The World Vapers’ Alliance amplifies the voices of vapers worldwide and promotes evidence–based regulation that supports harm reduction. The alliance works to ensure that the benefits of harm reduction are recognised globally, fighting for consumer rights and sensible policies grounded in science.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b33530cd–56fd–4826–8487–f3fef2a07f61


GLOBENEWSWIRE (Distribution ID 9565283)

SIAD Anuncia Seleção de ASU de 3.500 MTPD para o Projeto Pacifico Mexinol

THE WOODLANDS, Texas, Oct. 29, 2025 (GLOBE NEWSWIRE) — A SIAD Americas LLC anunciou hoje que foi selecionada para fornecer uma unidade de separação de ar (ASU) para o projeto de metanol de carbono ultrabaixo Pacifico Mexinol em Sinaloa, México. O projeto, liderado pela SIAD Macchine Impianti, utilizará o modelo de execução global da SIAD, com apoio de engenharia dos seus centros em Bergamo, Itália; The Woodlands, Texas; e Hangzhou, China. Os equipamentos serão provenientes dos Estados Unidos, China e Europa, com fabricação realizada nas instalações da SIAD em Hangzhou, China e na nova instalação em Porto Marghera (Veneza), Itália.

A ASU terá uma capacidade de produção de aproximadamente 3.500 toneladas métricas por dia (MTPD) de oxigênio de alta pureza, tornando–se um componente essencial para a produção de metanol de carbono ultra baixo. Ela fornecerá os grandes volumes de oxigênio necessários para os processos de gaseificação e captura de carbono do projeto.

“Estamos orgulhosos de fazer parceria com a Transition Industries e de contribuir com a nossa experiência para o que será uma das instalações químicas mais sustentáveis do mundo”, disse Ed Hotard, presidente e CEO da SIAD Americas. “A nossa seleção reflete a força da equipe de engenharia global da SIAD e o nosso compromisso de oferecer um valor excepcional aos clientes.”

Paolo Ferrario, Gerente Geral da SIAD Macchine Impianti, acrescentou: “Ser escolhido para este projeto de referência é um testemunho da capacidade global de engenharia da SIAD e da nossa tecnologia comprovada em separação de ar em grande escala.”

Uma vez operacional em 2029, a Pacifico Mexinol deverá ser a maior instalação autônoma de produção de produtos químicos de carbono ultra baixo do mundo, e um dos maiores produtores mundiais de hidrogênio verde e metanol verde. A Transition Industries está trabalhando no desenvolvimento conjunto da Pacifico Mexinol com a International Finance Corporation (IFC), membro do World Bank Group.

Rommel Gallo, CEO da Transition Industries, disse: “A seleção da SIAD para esta parte essencial da infraestrutura garante que o projeto Pacifico Mexinol seja equipado com uma planta de separação de ar de classe mundial e altamente eficiente. Esta parceria é outro passo fundamental na integração da melhor tecnologia disponível para atender às nossas ambiciosas metas operacionais e de sustentabilidade.”

A ASU será projetada com os mais altos padrões de eficiência e confiabilidade, apoiando os objetivos de emissões líquidas de zero carbono do projeto. O fornecimento estratégico de engenharia e equipamentos da rede global da SIAD deve otimizar o cronograma e o custo de execução do projeto.

Sobre a SIAD Americas LLC e a SIAD Macchine Impianti S.p.A.
A SIAD Americas LLC, com sede em The Woodlands, TX, é a subsidiária operacional da SIAD Macchine Impianti S.p.A. nas Américas, a subsidiária de engenharia do SIAD Group (SIAD S.p.A.). A SIAD é uma empresa familiar de gases industriais e engenharia que opera globalmente, estabelecida em 1927, com sede em Bérgamo, Itália. Com $ 1,1 bilhão em receita anual e 2.278 funcionários, a SIAD é fornecedora líder global de equipamentos de engenharia, incluindo unidades de separação de ar (ASU), unidades de lavagem de nitrogênio, liquefatores de gás natural (GNL) em pequena escala, plantas de captura e liquefação de CO2, sistemas de atualização de biogás, sistemas de combustão e compressores alternativos para gases de processo. A SIAD foi provedora de mais de 500 plantas ASUs, 300 plantas de captura e liquefação de CO2 e mais de 5.000 compressores de gás alternativos para clientes em todo o mundo.

Sobre a Transition Industries
A Transition Industries LLC, com sede em Houston, Texas, é desenvolvedora de projetos de metanol e hidrogênio verde com emissões líquidas de zero carbono em escala mundial na América do Norte para lidar com as mudanças climáticas e promover a sustentabilidade ambiental e social. Para mais informações sobre a Pacifico Mexinol ou a Transition Industries, envie um e–mail para [email protected].

Contato: Anica Arena
  SIAD Americas LLC
  346.380.1268
  info@siad–americas.com

Foto deste comunicado disponível em:

https://www.globenewswire.com/NewsRoom/AttachmentNg/37d8f9ac–835b–4637–86fd–7a679af59e95


GLOBENEWSWIRE (Distribution ID 9564878)

SIAD annonce la sélection dʼune ASU de 3 500 MTPD pour le projet Pacifico Mexinol

THE WOODLANDS, Texas, 29 oct. 2025 (GLOBE NEWSWIRE) — SIAD Americas LLC a annoncé aujourdʼhui que SIAD a été sélectionnée pour fournir une unité de séparation dʼair (ASU) pour le projet Pacifico Mexinol de méthanol à très faible teneur en carbone à Sinaloa, au Mexique. Ce projet, dirigé par SIAD Macchine Impianti, sʼappuiera sur le modèle dʼexécution international de SIAD, avec le soutien technique de ses centres de Bergame (Italie), The Woodlands (Texas) et Hangzhou (Chine). Les équipements proviendront des États–Unis, de Chine et dʼEurope, et leur fabrication sera assurée dans les usines SIAD de Hangzhou, en Chine, et dans la nouvelle usine de Porto Marghera (Venise), en Italie.

LʼASU disposera dʼune capacité de production dʼenviron 3 500 tonnes métriques par jour (MTPD) dʼoxygène de haute pureté, constituant ainsi un élément essentiel à la production de méthanol à très faible teneur en carbone. Ce dispositif produira les grandes quantités dʼoxygène nécessaires aux processus de gazéification et de capture du carbone du projet.

« Nous sommes fiers de nous associer à Transition Industries et dʼapporter notre expertise à la réalisation de ce qui sera lʼune des infrastructures chimiques les plus durables au monde », a déclaré Ed Hotard, président–directeur général de SIAD Americas. « Notre sélection témoigne de la force de l’équipe d’ingénieurs internationale de SIAD et de notre engagement à offrir une valeur exceptionnelle à nos clients. »

Paolo Ferrario, directeur général de SIAD Macchine Impianti, a ajouté : « Le fait dʼavoir été choisis pour mener à bien ce projet phare témoigne des capacités dʼingénierie de SIAD au niveau international et de notre technologie éprouvée dans le domaine de la séparation dʼair à grande échelle. »

Une fois opérationnel en 2029, Pacifico Mexinol devrait être la plus grande infrastructure autonome de production chimique à très faibles émissions de carbone au monde et lʼun des plus grands producteurs mondiaux dʼhydrogène et de méthanol verts. Transition Industries développe Pacifico Mexinol en collaboration avec la Société financière internationale (IFC), membre du World Bank Group.

Rommel Gallo, PDG de Transition Industries, a souligné : « En choisissant SIAD pour cette infrastructure essentielle, nous garantissons que le projet Pacifico Mexinol sera équipé dʼune usine de séparation dʼair hautement efficace et de premier plan. » Ce partenariat constitue une nouvelle étape importante dans lʼintégration des technologies les plus performantes afin dʼatteindre nos objectifs ambitieux en matière de développement durable et dʼexploitation. »

LʼASU répondra aux normes optimales dʼefficacité et de fiabilité, soutenant ainsi les objectifs du projet en matière dʼémissions nettes zéro carbone. Lʼapprovisionnement stratégique en ingénierie et en équipements auprès du réseau mondial de SIAD vise à optimiser le calendrier et les coûts dʼexécution du projet.

À propos de SIAD Americas LLC et SIAD Macchine Impianti S.p.A.
SIAD Americas LLC, basée à The Woodlands, au Texas, est la filiale opérationnelle américaine de SIAD Macchine Impianti S.p.A., la filiale dʼingénierie du groupe SIAD (SIAD S.p.A.). SIAD est une entreprise familiale spécialisée dans les gaz industriels et lʼingénierie, active à lʼéchelle mondiale. Fondée en 1927, son siège social est situé à Bergame, en Italie. Avec un chiffre dʼaffaires annuel de 1,1 milliard de dollars et 2 278 employés, SIAD est lʼun des principaux fournisseurs dʼéquipements techniques au niveau mondial, notamment dʼunités de séparation dʼair (ASU), dʼunités de lavage à lʼazote, de petits liquéfacteurs de gaz naturel (GNL), dʼusines de capture et de liquéfaction du CO2, de systèmes de valorisation du biogaz, de systèmes de combustion et de compresseurs à pistons pour les gaz de synthèse. SIAD a approvisionné plus de 500 unités de séparation dʼair, 300 usines de CO2 et plus de 5 000 compresseurs à piston à des clients du monde entier.

À propos de Transition Industries
Transition Industries LLC, basée à Houston, au Texas, est un développeur de projets à lʼéchelle mondiale visant à atteindre zéro émission nette de carbone dans le domaine du méthanol et de lʼhydrogène vert en Amérique du Nord, afin de lutter contre le changement climatique et de promouvoir la durabilité environnementale et sociale. Pour plus dʼinformations au sujet de Pacifico Mexinol ou de Transition Industries, veuillez envoyer un e–mail à [email protected]. 

Contact : Anica Arena
  SIAD Americas LLC
  346.380.1268
  info@siad–americas.com

Une photo accompagnant ce communiqué est disponible au :

https://www.globenewswire.com/NewsRoom/AttachmentNg/37d8f9ac–835b–4637–86fd–7a679af59e95


GLOBENEWSWIRE (Distribution ID 9564878)

SIAD erhält Auftrag für Luftzerlegungsanlage mit einer Kapazität von 3.500 Tonnen/Tag für Pacifico Mexinol

THE WOODLANDS, Texas, Oct. 29, 2025 (GLOBE NEWSWIRE) — SIAD Americas LLC gab heute bekannt, dass das Unternehmen für die Lieferung einer Luftzerlegungsanlage für das Projekt Pacifico Mexinol zur Herstellung von Methanol mit extrem niedrigem Kohlenstoffgehalt in Sinaloa, Mexiko, ausgewählt wurde. Das von SIAD Macchine Impianti geleitete Projekt wird das globale Projektabwicklungsmodell von SIAD nutzen und technisch von den Zentren in Bergamo (Italien), The Woodlands (Texas) und Hangzhou (China) unterstützt. Die Ausrüstung wird aus den Vereinigten Staaten, China und Europa bezogen, während die Fertigung in den SIAD–Werken in Hangzhou (China) sowie im neuen Werk in Porto Marghera (Venedig, Italien) erfolgt.

Die Luftzerlegungsanlage wird eine Produktionskapazität von etwa 3.500 Tonnen pro Tag an hochreinem Sauerstoff haben und ist damit eine wichtige Komponente für die Herstellung von Methanol mit extrem niedrigem Kohlenstoffgehalt. Sie wird die großen Mengen an Sauerstoff liefern, die für die Vergasung und Kohlenstoffabscheidung des Projekts benötigt werden.

„Wir sind stolz darauf, mit Transition Industries zusammenzuarbeiten und unser Fachwissen in eine der weltweit nachhaltigsten Chemieanlagen einzubringen“, so Ed Hotard, Vorsitzender und CEO von SIAD Americas. „Unsere Auswahl zeigt, wie stark das globale Ingenieurteam von SIAD ist und wie sehr wir uns dafür einsetzen, unseren Kunden einen außergewöhnlichen Mehrwert zu bieten.“

Paolo Ferrario, General Manager von SIAD Macchine Impianti, fügte hinzu: „Die Auswahl von SIAD für dieses wegweisende Projekt ist ein Beleg für die globalen Engineering–Fähigkeiten von SIAD und unsere bewährte Technologie in der großtechnischen Luftzerlegung.“

Sobald Pacifico Mexinol 2029 den Betrieb aufnimmt, wird es voraussichtlich die weltweit größte eigenständige Produktionsanlage für extrem kohlenstoffarme Chemikalien und einer der weltweit größten Produzenten von grünem Wasserstoff und grünem Methanol sein. Transition Industries entwickelt Pacifico Mexinol gemeinsam mit der International Finance Corporation (IFC), einem Mitglied der Weltbankgruppe.

Rommel Gallo, CEO von Transition Industries, erklärte: „Die Beauftragung von SIAD mit diesem zentralen Infrastrukturelement stellt sicher, dass das Projekt Pacifico Mexinol mit einer hochmodernen, hocheffizienten Luftzerlegungsanlage ausgestattet wird. Diese Partnerschaft ist ein weiterer wichtiger Schritt bei der Integration der besten verfügbaren Technologie, um unsere ehrgeizigen Nachhaltigkeits– und Betriebsziele zu erreichen.“

Die Luftzerlegungsanlage wird nach den höchsten Standards für Effizienz und Zuverlässigkeit konzipiert und unterstützt damit die Netto–Null–Emissionsziele des Projekts. Die strategische Beschaffung von Technik und Geräten aus dem globalen Netzwerk von SIAD dürfte den Zeitplan und die Kosten des Projekts optimieren.

Über SIAD Americas LLC und SIAD Macchine Impianti S.p.A.
SIAD Americas LLC mit Sitz in The Woodlands, Texas, ist die amerikanische Betriebsgesellschaft von SIAD Macchine Impianti S.p.A., der Engineering–Tochter der SIAD–Gruppe (SIAD S.p.A.). SIAD ist ein familiengeführtes Industriegas– und Engineering–Unternehmen, das weltweit tätig ist. Es wurde 1927 gegründet und hat seinen Hauptsitz im italienischen Bergamo. Mit einem Jahresumsatz von 1,1 Mrd. US–Dollar und 2278 Mitarbeitern ist SIAD ein weltweit führender Anbieter von technischen Anlagen, darunter Luftzerlegungsanlagen (ASU), Stickstoffwaschanlagen, kleine Erdgasverflüssigungsanlagen (LNG), CO₂–Abscheidungs– und Verflüssigungsanlagen, Biogasaufbereitungssysteme, Verbrennungssysteme und Kolbenkompressoren für Prozessgase. SIAD hat weltweit über 500 ASUs, 300 CO₂–Anlagen und mehr als 5.000 Kolbenkompressoren an Kunden geliefert.

Über Transition Industries
Transition Industries LLC mit Sitz in Houston, Texas, ist ein Entwickler von weltweit bedeutenden Projekten für Methanol und grünen Wasserstoff mit Netto–Null–Kohlenstoffemissionen in Nordamerika, mit dem Ziel, den Klimawandel zu bekämpfen und ökologische wie soziale Nachhaltigkeit zu fördern. Weitere Informationen über Pacifico Mexinol oder Transition Industries erhalten Sie per E–Mail an [email protected].

Kontakt: Anica Arena
  SIAD Americas LLC
  346.380.1268
  info@siad–americas.com

Ein Foto zu dieser Ankündigung ist verfügbar unter:

https://www.globenewswire.com/NewsRoom/AttachmentNg/37d8f9ac–835b–4637–86fd–7a679af59e95


GLOBENEWSWIRE (Distribution ID 9564878)

SIAD Announces Selection for 3,500 MTPD ASU for Pacifico Mexinol Project

THE WOODLANDS, Texas, Oct. 27, 2025 (GLOBE NEWSWIRE) — SIAD Americas LLC, announced today that SIAD has been selected to provide an air separation unit (ASU) for the Pacifico Mexinol ultra–low carbon Methanol project in Sinaloa, Mexico. The project, led by SIAD Macchine Impianti, will leverage SIAD’s global execution model, with engineering support from its centers in Bergamo, Italy; The Woodlands, Texas; and Hangzhou, China. Equipment will be sourced from the United States, China, and Europe, with fabrication carried out at SIAD facilities in Hangzhou, China and at the new facility in Porto Marghera (Venice), Italy.

The ASU will have a production capacity of approximately 3,500 metric tons per day (MTPD) of high–purity oxygen, making it a critical component for the production of ultra–low carbon methanol. It will supply the large volumes of oxygen required for the project's gasification and carbon capture processes.

“We are proud to partner with Transition Industries and contribute our expertise to what will be one of the world's most sustainable chemical facilities,” said Ed Hotard, Chairman and CEO of SIAD Americas. “Our selection reflects the strength of SIAD’s global engineering team and our commitment to delivering exceptional value to customers.”

Paolo Ferrario, General Manager of SIAD Macchine Impianti, added, “Being chosen for this landmark project is a testament to SIAD's global engineering capabilities and our proven technology in large–scale air separation.”

Once operational in 2029, Pacifico Mexinol is expected to be the largest standalone ultra–low–carbon chemical production facility in the world and one of the world’s largest producers of green hydrogen and green methanol. Transition Industries is jointly developing Pacifico Mexinol with the International Finance Corporation (IFC), a member of the World Bank Group.

Rommel Gallo, Transition Industries CEO, said: “The selection of SIAD for this critical piece of infrastructure ensures that the Pacifico Mexinol project will be equipped with a world–class, highly efficient air separation plant. This partnership is another key step in integrating the best available technology to meet our ambitious sustainability and operational goals.”

The ASU will be designed to the highest standards of efficiency and reliability, supporting the project's net–zero carbon emissions objectives. The strategic sourcing of engineering and equipment from SIAD's global network is expected to optimize the project's execution schedule and cost.

About SIAD Americas LLC and SIAD Macchine Impianti S.p.A.
SIAD Americas LLC, based in The Woodlands, TX, is the Americas operating subsidiary of SIAD Macchine Impianti S.p.A., the engineering subsidiary of the SIAD Group (SIAD S.p.A.). SIAD is a family–owned industrial gases and engineering company operating globally, established in 1927 and headquartered in Bergamo, Italy. With $1.1 billion in annual revenue and 2,278 employees, SIAD is a leading global provider of engineered equipment including air separation units (ASU), nitrogen washing units, small scale natural gas liquefiers (LNG), CO2 capture and liquefaction plants, biogas upgrading systems, combustion systems, and reciprocating compressors for process gases. SIAD has supplied over 500 ASUs, 300 CO2 plants, and more than 5,000 reciprocating compressors to customers worldwide.

About Transition Industries
Transition Industries LLC, based in Houston, Texas, is a developer of world–scale, net–zero carbon emissions methanol and green hydrogen projects in North America to address climate change and promote environmental and social sustainability. For additional information about Pacifico Mexinol or Transition Industries, email [email protected].

Contact: Anica Arena
  SIAD Americas LLC
  346.380.1268
  info@siad–americas.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/13e1d10b–6719–457e–bb1d–abe29a541e37


GLOBENEWSWIRE (Distribution ID 9562660)

BitMEX Reduces Spot Fees by 50% and Introduces Maker Rebates, Paying Traders to Provide Liquidity

VICTORIA, Seychelles, Oct. 21, 2025 (GLOBE NEWSWIRE) — BitMEX, one of the safest crypto exchanges, announced today a major upgrade to its Spot trading fee structure, featuring a 50% reduction in fees and up to 0.015% in rebates. The new model is designed to aggressively reward traders and provide community support following the recent market crash, establishing one of the most competitive fee structures in the industry.

Trading fees are a critical component of a trader's profitability, directly impacting returns on every transaction. By fundamentally lowering the cost to trade, BitMEX aims to maximise efficiency and profitability for its users, from beginners to high–volume institutional clients.

The new fee structure, effective immediately, introduces several transformative changes:

  • Spot Fees Reduced by 50% for All: Standard Maker and Taker fees have been reduced from 0.1000% to 0.0500%. This change grants all regular users the highly competitive rates previously reserved for top–tier VIPs.
  • 'Get Paid to Trade' with Maker Rebates: All VIP traders will receive maker rebates for providing liquidity. The programme offers rebates of up to –0.0150%, meaning BitMEX now pays its highest–volume market makers to trade on the platform.
  • Immediate Support for the Trading Community: Launched in response to recent historic market volatility, this initiative is designed to provide immediate relief and support, helping traders accelerate their recovery and maximise future opportunities.

All changes to the BitMEX Spot trading fee structure can be viewed here.

“In the wake of unprecedented market events, our priority is to provide tangible support to our trading community,” said Stephan Lutz, CEO of BitMEX. “This new fee structure is a fundamental shift to reward every trader on our platform. By offering some of the lowest fees and highest rebates in the industry, we are reaffirming our commitment to making BitMEX the most efficient and profitable exchange for spot trading.”

More details about the new fee structure can be found here.

About BitMEX
BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.

BitMEX was also one of the first exchanges to publish their on–chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter, Discord, and its online communities. For further inquiries, please contact [email protected].

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3c49a619–1644–4c82–920b–07ad245d534a


GLOBENEWSWIRE (Distribution ID 1001134129)

BitMEX Study Finds Cryptocurrency Funding Rates Positive 92% of the Time, Revealing a Structural Market Bias

VICTORIA, Seychelles, Oct. 14, 2025 (GLOBE NEWSWIRE) — BitMEX, one of the safest crypto exchanges, announced today the findings of its study, “The Anchor and the Ceiling: Understanding the Structure of Funding Rates,” which reveals that two structural forces are driving cryptocurrency funding rates to remain positive 92% of the time and that rates above the 0.01% baseline are often short–lived. The report outlines how crypto traders can leverage this predictable dynamic to adopt sophisticated, structure–based trading.

Since BitMEX invented the perpetual swap nine years ago, the market has evolved significantly. Now, dedicated funding rate trading markets are emerging, allowing traders to speculate on the market's underlying mechanics. Funding rates, the periodic payments that keep futures prices aligned with spot prices, have become a key indicator of market structure, offering insights that go beyond simple price sentiment.

The study, which analysed data from Q3 2025 across BitMEX, Binance, and Hyperliquid, uncovered several key insights:

  • The Structural 'Anchor' Keeps Funding Rates at 0.01%: The perpetual swap funding formula has a built–in interest component that acts as a gravitational pull towards a baseline rate of 0.01%. Data shows funding rates were positive for over 92% of Q3 2025, even when contracts traded at a slight discount.
  • The Arbitrage 'Ceiling' Caps Extreme Spikes: Large inflows of institutional capital create a hard ceiling for funding rates. This capital is rapidly deployed to short high–premium contracts, compressing rates back to the baseline. This ensures that extreme positive funding rates are short–lived and unstable.
  • BitMEX Leads in Funding Rate Stability: The analysis confirmed BitMEX exhibited the most stable and predictable funding rates for both BTC and ETH. The rate was exactly 0.01% for 78.19% of the quarter for BTC and 87.52% for ETH, demonstrating a highly efficient market where perpetuals consistently track spot prices. In contrast, venues like Hyperliquid showed significantly higher volatility.

“As the inventors of the perpetual swap, we are witnessing its next major evolution – the rise of funding rate trading,” said Stephan Lutz, CEO of BitMEX. “Our latest research moves beyond market sentiment to reveal the core mechanics driving this market. The 'anchor' and 'ceiling' are not theories; they are structural forces that create high–probability trading opportunities. This study underscores a new level of market maturity, where understanding the architecture is the key to success.”

More details about the study can be found here.

About BitMEX
BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.

BitMEX was also one of the first exchanges to publish their on–chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter, Discord, and its online communities. For further inquiries, please contact [email protected].

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/292666bc–ef69–4dcb–aa85–7f2fa7daa3c2


GLOBENEWSWIRE (Distribution ID 1001132945)

BitMEX Launches Uptober Carnival: Win from a $1,000,000 Prize Pool

VICTORIA, Seychelles, Oct. 13, 2025 (GLOBE NEWSWIRE) — BitMEX, one of the safest crypto exchanges, announced today the launch of its Uptober Carnival, allowing traders to compete for their share of a 1,000,000 USDT prize pool, iPhone 17 Pros, and up to $100,000 worth of BMEX tokens.

The competition will run from 10 October 2025 at 12:00 AM (UTC) to 9 November 2025 at 11:59 PM (UTC). Users can participate in the competition anytime during the campaign period.

Rewards will be distributed across 3 categories:
  • 50% Off BTC, ETH, and SOL: The first 2,000 new users to purchase $200 of cumulative spot volume of Bitcoin, Ether or Solana can enjoy 50% off their purchases of up to $100.
  • 500,000 USDT for Perpetual Contract Trading Volume: The first 1,000 users to trade perpetual contracts on BitMEX can win from a 500,000 USDT prize pool.
  • iPhone 17 Pro Lucky Draw: 88 traders will win iPhone 17 Pros, depending on their trading volumes.

To participate in the Uptober Carnival, new customers must be fully verified on BitMEX. Competition details and registration can be found here.

About BitMEX
BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.

BitMEX was also one of the first exchanges to publish their on–chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter, Discord, and its online communities. For further inquiries, please contact [email protected].

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c37a753c–07e8–4594–ab36–675ab7a59e2f


GLOBENEWSWIRE (Distribution ID 1001132506)

North Atlantic France SAS announces the inventory value adjustment amount related to its contemplated acquisition of a majority stake in Esso Société Anonyme Française SA

Paris, FRANCE, Oct. 06, 2025 (GLOBE NEWSWIRE) —

North Atlantic France SAS announces the inventory value adjustment amount related to its contemplated acquisition of a majority stake in Esso Société Anonyme Française SA

Paris, FRANCE, October 6, 2025 – North Atlantic France SAS (“North Atlantic”) announced on May 28, 2025, that it had entered into exclusive negotiations with ExxonMobil France Holding SAS (“ExxonMobil”) for the acquisition of ExxonMobil’s entire stake in Esso Société Anonyme Française SA (“Esso S.A.F.”) and ExxonMobil Chemical France SAS by signing a put option agreement.

On September 24, 2025, North Atlantic announced the signing of a share purchase agreement.

As indicated in these press releases, the purchase price for the acquisition of the stake held by ExxonMobil is subject, among other items, to an upward or downward adjustment reflecting the change in the euro value of Esso S.A.F.'s inventory relative to its value on December 31, 2024. Due to the appreciation of the euro relative to the U.S. dollar and a decline in Brent crude prices, the euro value of Esso S.A.F.’s inventory has decreased. Following the completion by Esso S.A.F. of the transfer of ownership of its crude oil inventory and certain petroleum products to a banking institution, the resulting adjustment is a downward adjustment to the purchase price in an aggregate amount of €141,555,511.67, corresponding to €11.01 per Esso S.A.F. share1.

Thus, based on the available information, the price per share of €149.19 would be reduced to €85.18 prior to the payment of any additional distribution and taking into account the following adjustments:

  • adjustment for inventory: downward adjustment of €11.01 per share;
  • cash distributed by Esso S.A.F: downward adjustment of €53.00 per share for the dividend paid by Esso S.A.F. on July 10, 2025.

Further, taking into account the contemplated €60.21 per share distribution to be paid on November 14, 2025 by Esso S.A.F., subject to the approval of Esso S.A.F.’s shareholders’ meeting convened for November 4, 2025, the price per share would be further reduced to €24.97.

This €24.97 price per share, post the payment of the November 14, 2025 distribution (subject to shareholder approval), remains subject to the following adjustments:

  • an upward adjustment by a ticking fee mechanism corresponding to accrued interest on (i) a first base amount of €362,000,000 at an interest rate based on the euro short–term rate plus 2% per annum between March 2, 2025 (included) and the closing date (excluded), and (ii) a second base amount of €950,000,000 at a rate of 2.4% per annum between March 2, 2025 (included) and the closing date (excluded);
  • an upward adjustment reflecting (i) the sale to the ExxonMobil group of Esso S.A.F.’s lubricants and specialties marketing business for an estimated price of €8 million (as announced by Esso S.A.F. on September 24, 2025, including €3 million for inventories, to be further adjusted at the closing date) and (ii) the sale to the ExxonMobil group of certain trademarks and other intellectual property rights of Esso S.A.F. for an amount of €20 million (as announced by Esso S.A.F. on September 24, 2025);
  • a downward adjustment to take into account certain social liabilities as previously announced on September 24, 2025; this downward adjustment, to the extent the losses concern post–closing social liabilities2 will not impact the price offered to Esso S.A.F.’s minority shareholders in the mandatory tender offer for the remaining shares.

The final price for the contemplated acquisition of the 82.89% interest held by ExxonMobil in Esso S.A.F. reflecting the remaining adjustments described above will be set definitively prior to completion of the block acquisition (the “Controlling Block”) and will be communicated to the market in due course.

The completion of the Controlling Block acquisition remains subject to customary regulatory conditions applicable to this type of operation, including foreign direct investment control in France, and finalization of certain financing arrangements.

Completion of the transaction is expected by year–end 2025. North Atlantic reiterates its commitment to delivering a comprehensive and well–managed transition, with the intention to maintain employment and existing compensation and benefits.

Media Contacts

France: Brunswick Group – [email protected]
Hugues Boëton +33 6 79 99 27 15
Paul Priam +33 6 84 39 09 89

Canada: Mark Duggan – [email protected]
+1–709–687–3136

ABOUT NORTH ATLANTIC

For nearly four decades, North Atlantic has been a market leader in the retail gas and convenience sector, as well as the residential, commercial, and wholesale fuel industries in Newfoundland and Labrador. Recently, through a joint venture with Suncor Energy, North Atlantic expanded its retail division into Nova Scotia and Prince Edward Island, through North Sun Energy. As managing partner, North Atlantic operates 110 fuel retail sites across all three provinces. North Atlantic has ambitious plans for future growth and development in strategic locations across the region.

Known for its expertise in acquiring and delivering exceptional products, North Atlantic caters to both domestic and industrial sectors while also serving global clients through their marine bunkering distribution channels.

North Atlantic is committed to strategic growth to deliver innovative and green energy solutions aligned with evolving global needs. By driving industry progress, North Atlantic is supporting new skills and new jobs for this dynamic landscape. North Atlantic remains committed to providing exceptional energy, fuel and convenience retail initiatives that enhance customer experience while fostering economic growth in the communities they serve in Canada and beyond.

1 Note: Pursuant to the share purchase agreement, the adjustment equals the difference in euros between (i) the Platts quote for Dated Brent per barrel of crude oil published by S&P Global Platts on December 31, 2024, divided by the EUR/USD exchange rate on that date (i.e., $74.645 per barrel divided by 1.0389), and (ii) the arithmetic average of the daily settlement prices of the Platts quote for Dated Brent per barrel of crude oil published by S&P Global Platts for the period from September 29, 2025 to October 3, 2025, namely $67.341, divided by the EUR/USD exchange rate on September 26, 2025, namely 1.1672, applied to ten (10) million barrels of oil.
2 Note: Certain pre–closing liabilities, the amount of which, if any, is not currently known, may also be concerned by this adjustment.


GLOBENEWSWIRE (Distribution ID 9540417)