Tuesday, March 05, 2024
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Haiyang Dizhi Shihao (Pakistani Navy file image)

Two Chinese Research Vessels Loiter at Energy-Rich Benham Rise

Published Mar 4, 2024 6:27 PM by The Maritime Executive

The government of the Philippines is responding to the presence of two Chinese research vessels at Benham Rise, a seamount in the Philippine Sea. The area is within the Philippine EEZ and has prospects as a future source of oil and gas.  Defense researcher and former U.S. Air Force officer Ray Powell spotted and publicized the presence of two Chinese research vessels in the Benham Rise area last week. He identified the ships as the Haiyang Dizhi Shihao and the Haiyang...

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container ship arriving port

Red Sea Problems Drive Schedule Reliability to Lowest Level in 15 Months

Published Mar 4, 2024 6:23 PM by The Maritime Executive

  Red Sea diversions and the disruptions to carriers’ routes are taking a significant toll on schedule reliability which is now at its lowest level in 15 months. In a new analysis of the market, Sea-Intelligence highlights that both reliability and average delays have recorded significant declines over the past two months wiping away the significant gains achieved starting in 2022 coming out of the Covid-19 pandemic and surge in container volumes. Amidst the Red Sea crisis, global schedule reliability...

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bribery

Gunvor Pays More Than $700M in U.S. and Switzerland Settling Bribery Cases

Published Mar 4, 2024 5:16 PM by The Maritime Executive

Swiss-based international commodities trading company Gunvor, which says it focuses on logistics solutions that safely and efficiently move commodities, has settled a long-running and complex bribery case with U.S. and Swiss regulators. The company will pay more than $661 million in the United States as part of a guilty plea and $98 million to Swiss authorities while it works to resolve additional investigations in Ecuador and Switzerland. The company emphasized in announcing its plea agreement with the U.S. Justice Department...

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Iridium satellite network in orbit

Iridium Buys Service That Uses L-Band Satellites for GPS-Like Positioning

Published Mar 4, 2024 4:16 PM by The Maritime Executive

L-band satcom provider Iridium has reached a deal to acquire Satelles, a company that provides resilient navigation and timing to supplement GPS.  The vulnerabilities of GPS are well known: the signal strength of the satellite service is low, and can be readily "spoofed" by terrestrial jamming. GPS spoofing has been spotted with some frequency in parts of the Black Sea and near some Chinese ports.  Satelles uses the Iridium satellite network to broadcast its own timing and positioning signals. The...

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Offshore

Haiyang Dizhi Shihao (Pakistani Navy file image)

Two Chinese Research Vessels Loiter at Energy-Rich Benham Rise

The government of the Philippines is responding to the presence of two Chinese research vessels at Benham Rise, a seamount in the Philippine Sea. The area is within the Philippine EEZ and has prospects as a future source of oil and gas.  Defense researcher and former U.S. Air Force officer Ray Powell spotted and publicized the presence of two Chinese research vessels in the Benham Rise area last week. He identified the ships as the Haiyang Dizhi Shihao and the Haiyang...

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Shipbuilding

USN

Op-Ed: U.S. Navy's Newest Carrier Continues Tradition of Power Projection

The U.S. Navy’s newest aircraft carrier – the USS Gerald R. Ford (CVN 78) – returned to its homeport of Norfolk, Virginia, on January 17, 2024. Underway for 239 days, the ship launched more than 10,000 aircraft sorties, conducted 43 underway replenishments, and sailed more than 83,000 nautical miles. Its cooks prepared and served more than 3.1 million meals, and the ship hosted VIPs including Defense Secretary Lloyd Austin, Navy Secretary Carlos Del Toro, and the crown prince...

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Environment

Pixabay

Can Marine Protected Areas Be Shielded From Climate Change?

  [By Regina Lam] A marine protected area (MPA) may sound like a biodiversity haven, safe from the many external stresses of human activity. What is becoming apparent, however, is that this conservation tool rarely shelters waters from warming, changing chemistry, habitat loss, or species shifts – in other words, the impacts of climate change. Scientists are therefore increasingly recommending that MPA designs evolve from static to adaptive. “Ten years from now, what you thought you were protecting is not there anymore...

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Business

Wigetworks

Turkish Operator Agrees to Buy a Fleet of Wing-in-Ground Craft

Singaporean aerospace joint-venture AirX has signed a letter of intent with a Turkish operator for the sale of 10 wing-in-ground aircraft, bringing a long-discussed transport mode a step closer to commercial reality.  WIG craft have substantial advantages over airplanes: they are easier to fly, carry more weight for equivalent fuel consumption, and take off and land from any calm body of water. Despite the benefits, the concept has struggled to get off the ground in the commercial market - until...

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