U.S. ports from Maine to Texas are preparing for a potential shutdown in a week, when the union representing 45,000 dockworkers in that region has threatened to strike starting Oct. 1. Photo via Getty Images

The chief executive over Georgia's two booming seaports said Tuesday that a strike next week by dockworkers across the U.S. East and Gulf coasts appears likely, though he's hopeful the resulting shutdown would last only a few days.

“We should probably expect there to be a work stoppage and we shouldn’t get surprised if there is one," Griff Lynch, CEO of the Georgia Ports Authority, told The Associated Press in an interview. "The question is: How long?”

U.S. ports from Maine to Texas are preparing for a potential shutdown in a week, when the union representing 45,000 dockworkers in that region has threatened to strike starting Oct. 1. That's when the contract expires between the International Longshoremen's Association and the United States Maritime Alliance, which represents the ports. Negotiations on a new contract halted in June.

A strike would shut down 36 ports that handle roughly half the nations' cargo from ships. Lynch oversees two of the busiest in Georgia. The Port of Savannah ranks No. 4 in the U.S. for container cargo that includes retail goods ranging from consumer electronics to frozen chickens. The Port of Brunswick is America's second-busiest for automobiles.

Lynch said he's holding out hope that a strike can be averted, though he added: “The stark reality is they are not talking right now." Represented by the maritime alliance, the Georgia Ports Authority has no direct role in negotiating.

As for how long a strike might last, “no one really knows for sure,” said Lynch, Georgia's top ports executive since 2016 and a three-decade veteran of the maritime industry. “I would think we should expect four to five days, and hopefully not beyond that.”

Businesses have been preparing for a potential strike for months, importing extra inventory to fill their warehouses. Lynch said that's one reason container volumes in Savannah increased 13.7% in July and August compared to the same period a year ago.

Georgia dockworkers are putting in extra hours trying to ensure ships get unloaded and return to sea before next Tuesday's deadline. Truck gates at the Port of Savannah, normally closed on Sundays, will be open throughout this weekend.

At the Georgia Ports Authority's monthly board meeting Tuesday, Lynch praised the roughly 2,000 union workers responsible for loading and unloading ships in Savannah and Brunswick, saying “they have done great work” ahead of a possible strike. He said the ports would keep operating until the last minute.

“We’re seeing phenomenal productivity out of them right now," he said. "You wouldn’t know this was going to happen if you hadn’t been told.”

There hasn't been a national longshoremen’s strike in the U.S. since 1977. Experts say a strike of even a few weeks probably wouldn't result in any major shortages of retail goods, though it would still cause disruptions as shippers reroute cargo to West Coast ports. Lynch and other experts say every day of a port strike could take up to a week to clear up once union workers return to their jobs.

A prolonged strike would almost certainly hurt the U.S. economy.

The maritime alliance said Monday it has been contacted by the U.S. Labor Department and is open to working with federal mediators. The union's president, Harold Daggett, said in a statement his members are ready to strike over what he called an unacceptable “low-ball wage package.”

“We’re hopeful that they’ll get it worked out," said Kent Fountain, the Georgia Ports Authority's board chairman. “But if not, we’re going to do everything we can to make it as seamless as possible and as easy as it could possibly be on our customers and team members.”

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Robotics co. with growing Houston presence closes series B

money moves

Houston- and Boston-based Square Robot Inc. closed a series B round of funding last month.

The advanced submersible robotics company raised $13 million, according to Tracxn.com, and says it will put the funds toward international expansion.

"This Series B round, our largest to date, enables us to accelerate our growth plans and meet the surging global demand for our services,” David Lamont, CEO, said in a statement.

The company aims to establish a permanent presence in Europe and the Middle East and grow its delivery services to reach four more countries and one new continent in Q1 2025.

Additionally, Square Robot plans to release a new robot early next year. The robot is expected to be able to operate in extreme temperatures up to 60 C. The company will also introduce its first AI-enabled tools to improve data collection.

Square Robot launched its Houston office in 2019. Its autonomous, submersible robots are used for storage tank inspections and eliminate the need for humans to enter dangerous and toxic environments.

The company was one of the first group of finalists for the Houston Innovation Awards' Scaleup of the Year, which honors a Bayou City company that's seen impressive growth in 2024. Click here to read more about the company's growth.

SLB awarded Petrobras contract for subsea seawater injection systems in Brazil

JV deal

Houston energy technology company SLB announced a contract award by Petrobras to its OneSubsea joint venture for two subsea raw seawater injection systems to increase recovery from the prolific Búzios field in offshore Brazil.

The subsea RWI systems will work to increase the production of floating production storage and offloading (Petrobras FPSO) vessels that are currently bottlenecked in their water injection capacities.The RWI systems, once operational, can reduce greenhouse gas emissions per barrel of oil.

“As deepwater basins mature, we see more and more secondary recovery opportunities emerging,” Mads Hjelmeland, CEO of SLB OneSubsea, says in a news release. “Subsea raw seawater injection is a well-proven application with a strong business case that we think should become mainstream. By placing the system directly on the seabed, we free up space and reduce fuel needs for the FPSOs as well as lessen the power needs for the injection systems. It’s a win-win for Petrobras, and one that we are very excited about.”

SLB OneSubsea works to “optimize oil and gas production, decarbonize subsea operations, and unlock the large potential of subsea solutions to accelerate the energy transition,” per to the company.

SLB OneSubsea is contracted to provide two complete subsea RWI systems to support Petrobras’ FPSOs P-74 and P-75. They will consist of a subsea seawater injection pump, umbilical system and topside variable speed drive. In addition,the team will also provide technical support using AI-enabled Subsea Live services, which includes condition monitoring and access to domain experts.

“This contract will consolidate our solid local content presence in the country, contributed by the largest manufacturing plants and state-of-the-art subsea service facilities in Brazil,” Hjelmeland continues.

3 things to know this week: Fervo's fresh funding, recapping 2024, and more

taking notes

Editor's note: Dive headfirst into the new week with three quick things to catch up on in Houston's energy transition.

Year in review: Rounding up 2024's recap

As the year comes to a close, EnergyCapital is looking back at the year's top stories in Houston energy transition. So far, the Year in Review section has covered top guest columns, trending research news, and more. Read each roundup below.

Fresh funding: Fervo Energy collects $255M

The deal brings Fervo's total funding secured this year to around $600 million. Photo courtesy of Fervo

A Houston company that's responding to rising energy demand by harnessing geothermal energy through its technology has again secured millions in funding. The deal brings Fervo's total funding secured this year to around $600 million.

Fervo Energy announced that it has raised $255 million in new funding and capital availability. The $135 million corporate equity round was led by Capricorn’s Technology Impact Fund II with participating investors including Breakthrough Energy Ventures, CalSTRS, Congruent Ventures, CPP Investments, DCVC, Devon Energy, Galvanize Climate Solutions, Liberty Mutual Investments, Mercuria, and Sabanci Climate Ventures.

The funding will go toward supporting Fervo's ongoing and future geothermal projects. Continue reading.

Big deal: Expro secures $10M contract

Expro has secured a $10 million contract to provide a subsea well decommissioning solution, combining subsea safety systems and surface fluid management to support safe re-entry and fluid management for plugged and abandoned wells. Photo courtesy of Expro

Houston energy services provider Expro was awarded a contract valued at over $10 million for the provision of a well decommissioning solution.

The solution will combine subsea safety systems and surface processing design that can enable safe entry to the well and management of well fluids.

“The contract reinforces our reputation as the leading provider of subsea safety systems and surface well test equipment, including within the P&A sector,” Iain Farley, Expro’s regional vice president for Europe and Sub-Saharan Africa, says in a news release. "It demonstrates our commitment to delivering best-in-class equipment, allied with the highest standards of safety and service quality that Expro is renowned for.” Continue reading.