CSSC Beihai Shipbuilding Lands Polaris Shipping Order for Four Ethanol

Beihai Shipbuilding said on 4 Aug it signed a contract for four 210,000-dwt Newcastlemax bulkers for Polaris Shipping, using an ethanol, methanol and fuel-oil tri-fuel system with potential conversion to ammonia or LNG. The yard expects about 90% lower GHG emissions versus conventional ships, adding wind-assisted propulsion and shore power. Vale is cited as a supporter of green-fuel programmes.

Polar Power, Inc. (POLA) shares rose 37.67% to $2.0250 on Tuesday on Nasdaq after the prior day announcement of a $25 million Committed Equity Facility with Roth Principal Investments, LLC. The CEF allows Polar Power to sell up to $25 million of common stock over time. Net proceeds are intended for working capital and general corporate purposes.

Polar Power (NASDAQ:POLA) shares rose more than 41% after hours after the company announced a $25 million committed equity facility with Roth Principal Investments, an affiliate of Roth Capital Partners. Polar can issue and sell up to $25 million of common stock at its discretion after a registration statement becomes effective, with proceeds for working capital and corporate purposes.

Polar Power (NASDAQ: POLA) reported Q1 2026 results for the quarter ended March 31, 2026, filed May 20. Gross margin rose to 65.7% from 18.6% (including a one-time warranty reserve adjustment), gross profit to $1.1M, and net loss narrowed 86% to $176K. Operating expenses fell 22% to $1.1M. The company said it has a $3.8M backlog (May 30), positive working capital ($2.1M), and equity of $2.3M.

Brinker International reported continued Chili’s same-store sales growth for the fiscal year ended June 24, with 5% same-store sales growth driven mainly by Chili’s. Chili’s same-store sales rose 5.6%, helped by 4.3% pricing and a smaller traffic gain. Brinker posted Q4 revenues of $1.52B and net income of $131.1M, and FY revenues of $5.75B and net income of $487M.

Australia’s Labor government announced a $2.5 billion, 10-year bailout for the Tomago aluminium smelter, funded by federal and NSW taxpayers, with a $1.1 billion upgrade facility planned by Rio Tinto. Tomago employs about 1,000 people and uses around 12% of NSW electricity demand. The PM said it would keep operating beyond Dec. 31, 2028.