Latest news with #Kinetics
Bloomberg
29-07-2025
- Business
- Bloomberg
Power-Barge Firm Plans Floating Data Centers to Meet AI Demand
Karpowership, a Turkish company that builds floating power plants, is expanding into waterborne data centers in a bet they'll be faster to build than onshore hubs as demand from artificial intelligence soars. The firm's Kinetics unit plans to develop some of the world's first floating data centers in shipyards, sidestepping the permitting bottlenecks that can hold up onshore construction in key markets such as the US, Chief Executive Officer Mehmet Katmer said in an interview.
Qatar Tribune
07-07-2025
- Business
- Qatar Tribune
Kinetics and MOL partner to develop world's first floating data centre
Agencies Kinetics, the energy transition initiative of Türkiye's floating power provider Karpowership, signed a memorandum of understanding (MoU) with Japanese Mitsui O.S.K. Lines Ltd. (MOL) to jointly develop the world's first integrated next-generation floating data center platform, the companies said on Monday. According to the statement, the project aims to address the rapidly growing global demand for digital infrastructure. 'This partnership combines Kinetics' expertise in mobile energy infrastructure with MOL's extensive maritime and offshore logistics capabilities to address the surging global demand for digital infrastructure,' MOL said in a press release. Under the memorandum, the two companies will collaborate on the design, construction and deployment of a state-of-the-art data center hosted on a retrofitted vessel. The facility will be powered by uninterrupted and dedicated energy from various flexible sources, including powerships developed by Karpowership. Depending on the project location and customer needs, onshore grids, land-based solar power plants, offshore wind energy or other energy generation solutions can also be integrated. Karpowership, a pioneer in integrated floating power solutions, with over 10,000 megawatts (MW) of installed capacity in 19 countries and more than 20 years of operational experience, will contribute to the project. MOL, headquartered in Tokyo, is one of the leading shipping companies in the world. Following feasibility studies and ongoing technical developments, the first floating data center project is targeted to be commissioned in 2027. The floating platform will offer a scalable, portable and rapidly deployable solution to overcome challenges faced by traditional land-based data centers, such as energy shortages, land limitations and delays in permitting processes. In the statement, Kinetics CEO Mehmet Katmer emphasized that this collaboration is a significant step toward providing solutions to the global energy sector 'This project represents a significant step toward our vision at Kinetics: delivering innovative, efficient and sustainable infrastructure solutions that meet the energy needs of today and tomorrow,' Katmer said. 'By pairing mobile power generation with floating data infrastructure, we are addressing critical market bottlenecks while enabling faster, cleaner and more flexible digital capacity expansion.' Tomoaki Ichida, managing executive Officer of MOL, said: 'This MOU represents an important step forward in leveraging the MOL Group's assets and extensive expertise in ship operations to rapidly build digital infrastructure while minimizing environmental impact. Moving forward, we will continue to expand a diverse range of social infrastructure businesses centered on the shipping industry. Through the advancement of our technologies and services, we are committed to proactively responding to society's evolving needs.
Yahoo
07-07-2025
- Business
- Yahoo
Kinetics awards seventh FSRU project to Seatrium
Global offshore solution provider Seatrium has secured a contract for a floating storage regasification unit (FSRU) conversion by Kinetics, an energy transition initiative under Karpowership. This follows the option for a fourth project confirmed between two companies in April 2024. Kinetics CEO Mehmet Katmer stated: 'Seatrium's proven track record, engineering expertise and technical capabilities make them an invaluable partner in supporting our mission to deliver reliable and sustainable energy solutions worldwide. This final contract represents a significant milestone in Kinetics' ambition to lead the global FSRU market in the coming years.' The project, set to commence in the third quarter (Q3) of 2025, will see an LNG [liquefied natural gas) carrier (LNGC) converted into a floating storage and regasification unit (FSRU) named LNGT Turkiye. The conversion will encompass the installation of a regasification module - a spread-mooring system. It also involves supporting systems integration, which includes offloading, cargo handling, utility, electrical and automation systems. Kinetics is an energy company that specialises in the building, development, delivery and leasing of floating LNG assets and renewable energy platforms, including battery energy storage systems, intended to meet the requirements of utilities, and independent power producers. Seatrium repairs and upgrades executive vice-president Alvin Gan stated: 'We truly appreciate the trust from Kinetics in awarding us this important seventh FSRU project. This contract is a testament to the successful strategic partnership between our companies, that includes four projects delivered to date: Karmol LNGT Powership Africa, Asia, Europe and most recently, Antarctica. 'Presently, two more FSRU conversion projects for Kinetics are in progress at our yard, with deliveries scheduled later this year and in the first quarter of 2026. These projects underscore Seatrium's unwavering commitment to excellence, innovation, and customer satisfaction, further cementing our position as a pioneer and market leader in the specialised FSRU conversion sector.' Singapore-headquartered Seatrium delivers engineering solutions to the global offshore, marine and energy industries. In early 2025, Seatrium won a significant contract from Höegh Evi, Norway, for the conversion of an LNG carrier into an FSRU. "Kinetics awards seventh FSRU project to Seatrium" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Business Times
03-07-2025
- Business
- Business Times
Seatrium secures floating storage regasification unit project from energy company Kinetics
[SINGAPORE] Seatrium has secured a floating storage regasification unit (FSRU) conversion contract from energy company Kinetics, a spin-off from Turkish energy group Karpowership. The project, set to commence in the third quarter of 2025, involves the conversion of a liquefied natural gas carrier into an FSRU named LNGT Turkiye, Seatrium said on Thursday (Jul 3). The scope of work includes the installation of a regasification module, a spread-mooring system and the integration of key supporting systems such as cargo handling, offloading, utility, electrical and automation systems. Alvin Gan, executive vice-president for repairs and upgrades at Seatrium, said that the project is the seventh FSRU partnership between the two companies. Seatrium has delivered four projects for Kinetics to date and it is working on two more FSRU conversion projects, slated to be delivered later this year and in the first quarter of 2026, Gan said. In June, it delivered its fourth FSRU project for Kinetics, the Karmol LNGT Powership Antarctica, he added. Mehmet Katmer, chief executive officer of Kinetics, said that the contract is a 'significant milestone' for the company as it aims to expand its FSRU fleet and become a global leader in the FSRU market in the coming years. Shares of Seatrium were up 0.5 per cent or S$0.01 at S$2.06 as at 9.39 am on Thursday.
Yahoo
13-05-2025
- Business
- Yahoo
Is Kinetics Paradigm Fund No Load (WWNPX) a Strong Mutual Fund Pick Right Now?
On the lookout for a Global - Equity fund? Starting with Kinetics Paradigm Fund No Load (WWNPX) should not be a possibility at this time. WWNPX holds a Zacks Mutual Fund Rank of 5 (Strong Sell), which is based on various forecasting factors like size, cost, and past performance. We note that WWNPX is a Global - Equity option, an investment area loaded with different options. While Global - Equity mutual funds invest their assets in large markets--think the U.S., Europe, and Japan--they aren't limited by geography. Their investment technique is one that leverages the global economy in order to offer stable returns. WWNPX is a part of the Kinetics family of funds, a company based out of Sleepy Hollow, NY. Since Kinetics Paradigm Fund No Load made its debut in February of 2003, WWNPX has garnered more than $743.63 million in assets. The fund's current manager is a team of investment professionals. Investors naturally seek funds with strong performance. This fund carries a 5-year annualized total return of 31.72%, and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3 -year annualized total return of 31.54%, which places it in the top third during this time-frame. It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. WWNPX's standard deviation over the past three years is 38.09% compared to the category average of 16.06%. The standard deviation of the fund over the past 5 years is 35.2% compared to the category average of 17.12%. This makes the fund more volatile than its peers over the past half-decade. The fund has a 5-year beta of 1.07, so investors should note that it is hypothetically more volatile than the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. Over the past 5 years, the fund has a positive alpha of 18.18. This means that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns. Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, WWNPX is a no load fund. It has an expense ratio of 1.64% compared to the category average of 0.97%. WWNPX is actually more expensive than its peers when you consider factors like cost. While the minimum initial investment for the product is $2,500, investors should also note that there is no minimum for each subsequent investment. Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included. Overall, Kinetics Paradigm Fund No Load ( WWNPX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, worse downside risk, and higher fees, Kinetics Paradigm Fund No Load ( WWNPX ) looks like a poor potential choice for investors right now. Your research on the Global - Equity segment doesn't have to stop here. You can check out all the great mutual fund tools we have to offer by going to to see the additional features we offer as well for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (WWNPX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
