Articles on this Page
- 11/10/18--17:14: _The China/Russia Sp...
- 11/10/18--19:17: _Thousand Oaks shoot...
- 11/10/18--20:12: _Gunman who killed 1...
- 11/10/18--22:00: _The secret behind c...
- 11/13/18--12:53: _Deepwater Horizon o...
- 11/13/18--10:18: _RE/MAX Realtor Susa...
- 11/13/18--11:03: _JMJ Phillip Executi...
- 11/13/18--11:33: _SeaWorld Entertainm...
- 11/13/18--13:00: _EU states neglect m...
- 11/13/18--13:44: _'Very rare' shark n...
- 11/13/18--13:24: _Larson Electronics ...
- 11/13/18--13:47: _Khan’s Five Days In...
- 11/13/18--14:04: _Ship traffic, Novem...
- 11/13/18--16:17: _Orion Group Holding...
- 11/13/18--19:27: _LI man rescued afte...
- 11/13/18--22:11: _Ageas signs agreeme...
- 11/13/18--22:23: _Seychelles issues t...
- 11/13/18--22:40: _SeaBird Exploration...
- 11/13/18--23:10: _PGS Awarded Large C...
- 11/13/18--23:43: _Archeology Or Apath...
- 11/10/18--20:12: Gunman who killed 12 died from self-inflicted gunshot
- 11/10/18--22:00: The secret behind coral reef diversity? Time, lots of time
- 11/13/18--11:33: SeaWorld Entertainment highlights busy 2019 for rides, attractions
- 11/13/18--13:00: EU states neglect marine protected areas, environmental groups claim
- 11/13/18--13:47: Khan’s Five Days In China – OpEd
- 11/13/18--14:04: Ship traffic, November 14
- 11/13/18--19:27: LI man rescued after boat overturns in Fire Island Inlet, police say
- 11/13/18--22:23: Seychelles issues the world’s first ‘Blue Bond’
- 11/13/18--22:40: SeaBird Exploration: 2D survey in the Americas
- 11/13/18--23:10: PGS Awarded Large Contract in South America
- 11/13/18--23:43: Archeology Or Apathy: Digging For Dinosaur Relics In India
By Dana Ogle*
**Space – The Final Frontier?**
The space race from the 1950s until the end of the Cold War between the Soviet Union and the United States eventually ended in a tie. Maybe not totally a tie, but the advent of the International Space Station (ISS) and the amount of training performed at Star City just outside of Moscow by both Russians and Americans in preparation for their missions give the appearance that the former rivalry is now a cooperative event. Over the last few years, space is becoming the focus of many nations from a security perspective. Merom’s succinct summation of the cost of using offensive force is a driving reason for the new focus on space either from the standpoint of dominance or of countering other nations’ use of it.This time, instead of claiming dominance by planting a flag on the moon, the idea of controlling a domain that is still not truly understood provides a level of security impacting many areas, like the Global Positioning System (GPS), Positioning, Navigating, and Timing (PNT), and Satellite Communication (SATCOM) (Harrison et al. 2018; Weeden and Sampson 2018). And it is China and Russia that are currently leading the charge of attempting to operationalize and weaponize space to project power.
Countering the threat of the United States is a purpose both China and Russia cite as a reason to develop space and counterspace capabilities, but that is almost the default/de facto motive for any action they take. Achieving space superiority is not on par with becoming a nuclear power in terms of international recognition, but China and Russia both see gaining the upper hand in space as a way to set their nations apart from the rest of the international community. China recently declared space as a military domain. That allows China to expand its military doctrine “that the goal of space warfare and operations is to achieve space superiority using offensive and defensive means in connection with their broader strategic focus on asymmetric cost imposition, access denial, and information dominance.”( Weeden and Sampson 2018, xi). Based off of this statement, the Chinese view space as another avenue to project military power. And space, like cyberspace, is much harder to counter due to the difficulty in attribution.
Russia’s efforts to regain counterspace capability also provides a method for projecting power and is another area to show that they are back as players on the world stage. President Putin laid out four ideas for a 21st century Russia, “(1) the strong, functioning state; (2) the state-guided market economy; (3) the welfare state with attendant safety net; and (4) the state-safeguarded foreign and security policy position that provides Russia a Eurasian – and even global – leadership position.” (Willerton 2017, 211) Pursuing a program of space and counterspace options ties directly into the first and fourth idea presented by the President and could tie into the second and third if Russia is able to export technology or intellectual capital to assist other nations. The Russian perspective sees “modern warfare as a struggle over information dominance and net centric operations that can often take place in domains without clear boundaries and contiguous operating areas.” (Weeden and Sampson 2018, xii) Space falls within this definition so, if by leveraging space to conduct cyberspace or space-enabled information operations, then that provides an even larger platform that Russian targets must defend. After all, Russia has “extensive operational experience from decades of spaces operations.” (Harrison et al. 2018, 13) Although some areas of the Russian space program have atrophied since the end of the Cold War, Russia and the U.S. have maintained a partnership with civil space missions to the ISS. (Harrison et al. 2018, 13)
**GPS, PNT, and SATCOM **
Most nations widely use GPS and PNT for navigation and the geo-tagging of locations for official and unofficial uses. For China, GPS is how Japan maintains situational awareness in the East China Sea. (Horowitz et al. 2016, 30) If China were able to achieve control over GPS satellites, the advantage it would have over other nations would be hard to quantify. Aside from blinding or manipulating what the Japanese see in the East China Sea, commercial and military pilots rely on GPS, as do many other peoples for navigation via ships, cars or phones. Unmanned Aerial Systems, or drones, are also dependent on GPS, and many military operations use drones for communication relays. If China or Russia manipulated or jammed the link between a ground control station and the drone, then the drone could pose a threat to any airplanes or helicopters in the area. If a weaponized drone, then that capability could be used against unauthorized targets (a rogue drone) or cause chaos due to the lack of communications.
A vast majority of communications today are done by SATCOM. To control or have the ability to deny, degrade, disrupt, destroy, or manipulate any combination of GPS, PNT, and SATCOM gives a nation a huge benefit and should be cause for concern by all. Most systems were built and launched into orbit before cybersecurity became an issue. The distance from Earth to the satellites’ respective orbits provided an inherent level of assumed security, so many measures that are standard on systems today are not on satellites currently in use. Knowing the exact amount of cyber-attacks on satellites or their ground stations is unlikely as the number is either classified or nations and companies are unwilling to admit they were victims publicly. What is known is that both China and Russia are capable, competent cyber and signals intelligence(SIGINT) actors and attacks of this nature are not beyond their abilities.
A 2014 Crowd strike report linked the “People’s Liberation Army General Staff Department Third Department 12th Bureau Unit 61486 – that subset of what is ‘generally acknowledged to be China’s premiere SIGINT collection and analysis agency’ dedicated specifically to ‘supporting China’s space surveillance network.’” (Weeden and Sampson 2018, 7-7) That level of attribution is impressive in such a nebulous environment. Although not an official attribution by the United States Government, Crowd strike and other commercial threat intelligence providers’ identification and designation of threat actors are generally universally accepted as accurate.
A Russian Criminal syndicate, known as Turla, exploited satellite links to hack other targets according to Kaspersky Labs. (Weeden and Sampson 2018, 7-7) The Russian Government can claim Turla was a criminal act and not supported by Russia, but in 1998 Russian hijackers gained “control of a U.S. – German ROSAT deep-space monitoring satellite, then issued commands for it to rotate toward the sun, frying its optics and rendering it useless.”(Weeden and Sampson 2018, 7-8) These few examples demonstrate China and Russia maintain both the intent and capability to conduct operations in space.
Both China and Russia are “developing the ability to interdict satellites both from the ground standpoint and from the space standpoint” according to the Director of the Defense Intelligence Agency. (Tucker 2018) The idea of weaponizing space is enticing and terrorizing. For those nations that are able to develop and deploy technology to disrupt other satellites, a huge advantage exists. Iran, India, and Israel are among other nations seeking to develop a space or counterspace program. (Harrison et al. 2018; Weeden and Sampson 2018) None of these nations, however, is at the level of the space/counterspace programs of China, Russia, or the United States. Nor are they likely to refocus the bulk of their economies and militaries to concentrate solely on space. Much like the alliances developed as nuclear powers emerged, nations that desire space superiority or, simply wishing that the United States not be the dominant space power, may put their efforts toward aligning with a power they feel they can benefit from, even if other strategic objectives do not necessarily align. The threat presented by space does not produce the mass panic that nuclear war does, but when considering that space is the domain where missiles and communications could be jammed or re-directed resulting in an inadvertent nuclear crisis, the legitimacy and severity of threats from space become apparent.
China and Russia launched a 200 million dollar venture in 2015 whose purpose was to innovate technologies. (Harrison et al. 2018, 6) In July 2018, China sent a delegation to Russia to explore potentially building a jointly-run station based on Russian knowledge in an area China is deficient. (Russia, China 2018) Interestingly, in 2013, the European Space Agency considered making China its primary space partner, instead of the United States, “as China’s global ‘rising power’ status now extends to space.” (Johnson-Freese 2015, 91)
China’s messaging that it is serious about becoming a space power resonates with other nations and they appear ready to broker the relationships needed to achieve the goal. Russia has the technical knowledge and perhaps the upper hand in that it is a key partner on the ISS with several other nations, including the United States. If Russia and China continue with either joint ventures or Russia supplying China with expertise, it is unknown how the United States will react, since it vehemently opposes China’s inclusion on the ISS. (Johnson-Freese 2015, 95) In February 2018, the United States Director of National Intelligence identified “Russia and China as continuing to launch ‘experimental’ satellites that conduct sophisticated on-orbit activities, at least some of which are intended to advance counterspace capabilities …some technologies with peaceful applications—such as satellite inspection, refueling, and repair—can also be used against adversary spacecraft.” (Tucker 2018) The issue is on the United States radar at a high enough level that the threats presented by China and Russia were included in the 2018 Worldwide Threat Assessment of the US Intelligence Community from the Director of National Intelligence. (Coats 2018, 13) To what extent the United States will go to deter either China or Russia in space is still unknown at this time, however.
The United Nations maintains an Office for Outer Space Affairs that, among other roles, assists with space law “associated with the rules, principles, and standards of international law appearing in the five international treaties and five sets of principles governing outer space, which have been developed under the auspices of the United Nations.” (United Nations 2018) In addition to the space laws adjudicated by the United Nations, individual states have their own laws regarding the use of space. China and Russia are among those that develop national space laws. China’s 2015 National Security Law made China’s defense of interests in space legally binding and a white paper in that same year stated, “threats from such new security domains as outer space and cyberspace will be dealt with to maintain the common security of the world community.” (Weeden and Sampson 2018, 1-20). Russian National space laws listed on the United Nations website include areas covering space activity, management structure, licensing space operations, Russian Space Agency regulations, and an agreement between the Russian Federation and Cabinet Ministers of Ukraine about technical safeguards on the use of outer space. (United Nations 2018) The bulk of the Russian laws listed were written in the 1990s, with the exception of the Ukrainian agreement which is dated 2009. So, the possibility exists that these laws do not represent what the Russian Federation follows today as a national space law.
One area under that is a potential loophole for any nation is the dual-use nature of most satellites. Unless a country scrutinizes a satellite before launching it into orbit, determining the use is strictly for a defensive or offensive purpose is difficult to prove. Again, the tyranny of distance comes into play trying to establish the true nature of space-related activities. Intelligence collection methods possibly can gather the required information to identify a weapons system or counter-weapons system on a satellite schematic, but for a communications, GPS, or PNT satellite, proving its ultimate use for something more than just supporting commercial or regular military communications and navigation services is not so easy.
International and national laws are in place to ensure the freedom and safety of space for all nations. But those laws only help nations that can afford to operate in space to a certain extent. As China and Russia expand their independent efforts at becoming dominant nations in space, where Chinese-Russian joint ventures go is worth watching. How far these two nations are willing to collaborate and even become true partners in space will have lasting consequences on how other countries will or can react. The space threat is real even if it is difficult to quantify based on it being mostly an amorphous threat today. That does not mean nations are not trying to exploit seemingly ambiguous space as a domain for their own national advantages. Thus, there is no excuse for international organizations like the United Nations to be caught unaware if sometime in the near future a major power shows it has successfully turned space into a domain for waging war or projecting power.
*About the author:
*Dana Ogle* has over 25 years’ experience as a United States Marine, providing mission integration in ground, air, and cyberspace operations. She is currently a doctoral student in the School of Security and Global Studies at the American Military University.
This article was published by Modern Diplomacy Reported by Eurasia Review 8 hours ago.
An post-mortem has discovered the gunman who killed 12 other people at a Southern California bar died from a self-inflicted gunshot. Police say Ian Lengthy, a 28-year-old ex-marine machine-gunner, shot and killed 11 other people on the Borderline Bar and Grill within the the city of Thousand Oaks, along side a police officer who replied …
Reported by The News Articles 6 hours ago.
Ian David Long, a 28-year-old ex-Marine machine-gunner, fatally shot 11 people at a bar and a police officer who responded
Reported by CBS News 5 hours ago.
Tucson AZ (SPX) Nov 09, 2018
Strap on a diving mask and fins and slip under the crystal-clear water near a coral reef in Indonesia, Papua-New Guinea or the Philippines, and you'll immediately see why divers and snorkelers from across the world flock to the area. Known as the Coral Triangle, the region is famous for its unmatched diversity of reef fish and other marine creatures. Fish of all shapes and colors dart in a Reported by Terra Daily 3 hours ago.
Marine fishes rely on their sensory systems to survive. A study is the first to quantify the physiological effects of whole crude oil on the olfactory function of a marine vertebrate -- the Atlantic stingray. Results of the study, confirm that exposure to crude oil, at concentrations mimicking those measured in coastal areas following the Deepwater Horizon oil spill in 2010, significantly impaired olfactory function in the Atlantic stingray after just 48 hours of exposure.
Reported by Science Daily 13 hours ago.
Florida Realtor Susan Alaimo, of RE/MAX 5 Star Realty, spearheads holiday toy donation drive for Toys for Tots.
HOLLYWOOD, Fla. (PRWEB) November 13, 2018
Residential agent Alaimo is hosting a holiday toy donation drive for Toys for Tots as part of the NALA’s collective cause marketing program, which encourages business across the country to collect toys during this time of year. New, unwrapped toys can be dropped off at 4151 Hollywood Blvd., Hollywood, FL, from November 1-21.
“I am honored to do my part for Toys for Tots. RE/MAX wants to show children in need they are not forgotten at Christmas, or at any time,” said Alaimo. “I encourage the community to participate by donating a toy for this worthy cause.”
Toys for Tots, whose mission is to collect new, unwrapped toys each holiday season and distribute them as Christmas gifts to children in need, is a program run by the United States Marine Corps Reserve, which distributes toys to children who may not otherwise receive a gift for Christmas.
Toys for Tots plays an active role in developing one of our nation’s most valuable resources, its children. It also unites members of local communities in a common cause each year during its annual toy collection and distribution campaign. Toys for Tots was founded in 1947, and since its inception the Marines have distributed over 530,000,000 toys to more than 244,000,000 children across the United States.
Susan Alaimo is a condo specialist in Hollywood Beach. She has been a real estate professional since 2001. Alaimo is also a Words of Peace global volunteer.
About Susan Alaimo, RE/MAX 5 Star Realty
Susan Alaimo specializes in oceanfront condos and luxury properties. She works with both buyers and sellers. For more information, please call 954-540-8640, or visit http://susanalaimorealtor.com/.
For media inquiries, please call the NALA at 805.650.6121, ext. 361. Reported by PRWeb 15 hours ago.
JMJ Phillip Holdings will be hosting a Detroit-area networking night in December to benefit the Toys for Tots program. The “Business and Brews” event will take place on December 13th from 5:30 pm to 7:30 pm on December 13th at Granite City Food and Brewery in Troy, Michigan.
TROY, Mich. (PRWEB) November 13, 2018
JMJ Phillip, an Executive Search Firm, is calling on companies to join in their annual season of giving by supporting Toys for Tots and the Marine Corps Reserve by donating toys and gifts. This year will be JMJ Phillip’s 10th year supporting Toys For Toys during the Holiday Toy Drive.
A complimentary drink and light appetizers will be available during the night of networking. Additionally, JMJ Phillip requests that attendees bring a new unwrapped toy for donation to Toys for Tots. JMJ Phillip will also be matching all donations made to the Toys for Tots foundation that night. Due to demand, the event is waitlist-only. You can join the waitlist here.
In addition to the networking event, JMJ Phillip Executive Search is making it easy to donate with several different options. Toys may be dropped off at JMJ Phillip’s office Monday through Friday between 8 a.m. and 6 p.m., located at 755 West Big Beaver, Floor 2100, Troy, MI 48084. JMJ Phillip will also offer to drop off collection boxes at various businesses local to the Metro Detroit Area. Arrangements for donation pickups can be made by calling JMJ Phillip during office hours (248-817-8755).
“We’re excited to partner with Toys for Tots again this year for our 10th year and celebrate the holiday season by giving back to the community,” said Allecia Jurkiewicz, Research Manager at JMJ Phillip Executive Search. “This has become a holiday tradition for our company, and the networking event will serve as a great way to cap off an incredible donation run.”
The Marine Corps founded Toys for Tots in 1991 in order “to help less fortunate children throughout the United States experience the joy of Christmas.” The foundation harnesses a variety of funding channels, such as corporate sponsors, mail campaigns, special charity events and outings, and internet donations. The board of directors is comprised of veteran Marines, and the headquarters is located in Quantico, about 35 miles south of Washington, D.C.
About JMJ Phillip:
JMJ Phillip Executive Search is a global full-service boutique Executive Search Firm specializing in the Manufacturing, Supply Chain and Technology sectors. An industry leader and division of JMJ Phillip Holdings, JMJ Phillip Executive Search began more than 15 years ago when the founder converted immense experience of manufacturing technology consulting into providing talent to the executive search industry. With multiple locations nationwide, along with a profound network of various workforce type brands, JMJ Phillip Executive Search is continually rising to be among the world’s most reputable executive search firms. For additional information regarding JMJ Phillip Executive Search, please visit jmjphillip.com or call 877-500-7762. Reported by PRWeb 15 hours ago.
Several of the marine theme park's properties will welcome new additions.
Reported by bizjournals 14 hours ago.
In a statement, environmental NGOs warned that pledges on paper to protect sites in the Natura 2000 network of core breeding and resting sites for rare and threatened species were not being fulfilled.
Reported by euronews 13 hours ago.
Marine scientists made a major — and somewhat unexpected — discovery while surveying the ocean floor roughly 200 miles off the coast of Ireland.
Reported by FOXNews.com 12 hours ago.
KEMP, Texas, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Leader in industrial lighting, Larson Electronics LLC, releases a new 3 phase energy efficient isolation transformer, suitable for indoor and outdoor use. This powerful and reliable design offers environmental benefits, as well as protection against critical equipment failures. With low ownership cost, high reliability and low heat emissions, this isolation transformer is ideal for a wide variety of applications such as powering supplies for sensitive technology including computers, medical devices or lab instruments.The MT-DOE16-3P-240D-112.5KVA-480Y.277-N3R from Larson Electronics is an extremely energy efficient 3-phase 112.5kVA isolated transformer with a primary voltage of 240V Delta and 480Y/227 V Wye-N secondary voltage. The features of the unit are vast and increase the transformer’s efficiency and reliability. Each core in the transformer is engineered with non-aging, cold-rolled silicon steel laminations and coated to protect the internal components from the ingress of moisture. The cores are also electrically balanced which minimizes axial forces that occur during short circuits.
Because the MT-DOE16-3P-240D-112.5KVA-480Y.277-N3R is an “isolation” transformer, it has an increased level of protection against electric shock, and can suppress electrical noise in sensitive devices, as well as transfer power between two circuits that cannot be connected. The powered device is “isolated” from the power source, and the primary and secondary power sources are isolated as well. The unit’s efficiency increasing features result in low heat emissions and ultimately low operational costs. Integrated floor and wall mounting brackets make it easy to install the unit and access power tool accessories.
“This unit is an isolated transformer meaning it keeps power sources and devices separate,” said Rob Bresnahan, CEO of Larson Electronics LLC. “This separation increases reliability and enhances the unit’s protection against critical failure, making it even safe to use for a variety of industrial purposes.”
*About Larson Electronics LLC:* Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.
*For further information, please contact:*
Rob Bresnahan, *President and CEO
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/9bbe7a3e-99c4-4b40-8502-75b869b23189 Reported by GlobeNewswire 12 hours ago.
In Pakistan, it’s a precedent, when a new prime minister took an oath, his primarily official visit would be China. Pakistan foreign policy revolves around China, because of diplomatic, military and strategic interest. After celebrating 70 years of, all time tested friendship, both countries decides to take this mutual interest into strategic interest. For that, Chinese President Xi Jinping in April 2015, visited Pakistan signed an agreements worth of 46 billion dollar, now exceed 64 billion dollar, under the Belt and Road initiative (BRI). China- Pakistan Economic Corridor is a reflection of iron friendship of both countries, a new alignment to connect the continents of Asia, Africa and Europe.
Pakistan and China enjoyed cordial relations right after the establishment of China.
And arrangements between both countries is need of hour to secure the regional economic and security interest. China in a row to become an economic power. Premier of the state council of China’s visit Pakistan, invite Prime Minister Imran Khan to visit Beijing to further strength the economic and strategic partnership. A joint communique after long series of meetings, entitle as, “Strengthening China- Pakistan All Weather Strategic Cooperative Partnership” broadly cover all domains and dimensions of relations between both states.
In a diplomatic circle this visit called “Successful” as both countries enhance the cooperation in order to get win-win situation. Prime Minister Imran Khan met President Xi Jinping, Vice President Wang Qishan, Premier Li Keqiang, Chairman Standing Committee NPC, Li Zhanshu, Senior Ministers, State Councilors, Senior Officials from Government and Corporate Sector. He delivered a lecture in the Party Central School, a basic training school, producing officers and leaders for the Government of China. In addition to that almost 15 MOUS /Agreements were signed in various fields of cooperation between two nations.
The recent visit of China is more important for Pakistan perspective, due to the economic situation, trade imbalance, unbalance of payments and huge current account deficits. The purpose of visit to review the Free Trade Agreement with China to facilities Pakistani investor. China helped Pakistan in economic sector to boost its reserves and make sure certainty in economy because its affects CPEC projects. According to the joint statement “new era of principles set by the Treaty of Friendship, Cooperation and Good-neighborly Relations between the People’s Republic of China and Islamic Republic of Pakistan signed in 2005”.
The core points include in joint statements:
· Political Relations and Strategic Communications
· China Pakistan Economic Corridor(CPEC)
· Trade, Investment and Financial Cooperation
· Marine, Science and Technology, Space, Environmental and Agricultural Cooperation
· Social Sector Cooperation
· People to People and Cultural Linkages
· Defense, Security and Counter Terrorism Cooperation
· International and Regional Issues
In addition, the well explained and comprehensive joint statement reflects both sides commitment to pursue not only bilateral relations, but to overlook all regional issues, regarding security, defense and Peace process in Afghanistan. In a security domain both sides “expressed determination to safeguard the CPEC projects from all threats”. Enhancing cooperation to all sectors, especially “Socio economic development, Job creation, and livelihoods and accelerating cooperation in industrial parks, developments and agricultural”.
Meanwhile, a lot of development took place in regional politics. China and Pakistan reaffirm to enhance cooperation against three evils separatism, terrorism and extremism. Afghan peace process also discuss to maintain a peace and stability in region by collectives effort using forum of Afghanistan- Pakistan Action Plan for Peace and Solidarity (APAPPS). Middle Eastern issues, enhance cooperation between SAARC countries, combine effort work of Financial Action Task Force (FATF).
Well, both countries enjoyed friendly relations, but after signing “China Pakistan Economic Corridor” this partnership shifted into strategic interest. China increasing involvement into regional politics, balancing the regional hegemony among all state holders. India, China, Pakistan and Iran major countries in this region with higher interest in this region.
**Wajih Ullah* student of Politics and International Relations in International Islamic University, Islamabad Reported by Eurasia Review 12 hours ago.
Ship traffic Due to arrive today SHIP FROM PORT Glovis SYMPHONY Mazatlan, Mexico SFO Horizon Enterprise Honolulu OAK Maersk Evora Long Beach OAK Matsonia Honolulu OAK Rotterdam Express Vancouver, British Columbia OAK Siem Socrates Yantai, China BNC Due to depart today SHIP TO PORT CMA CGM T. Jefferson Fuqing, China OAK Columbia Highway Manzanillo, Mexico BNC CSCL East China Sea Xingang, China OAK Horizon Enterprise Honolulu OAK MOL Beauty Hong Kong OAK Venice Bridge Los Angeles OAK Source: S.F. Marine Exchange
Reported by SFGate 12 hours ago.
HOUSTON, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Orion Group Holdings, Inc. (NYSE: ORN) (the "Company"), a leading specialty construction company, today announced a contract award of approximately $8 million.The Company’s marine segment has been awarded a contract from the Alaska Department of Transportation and Public Facilities for construction improvements to the Ketchikan North Tongass Bridges at Waterfall Creek in Ketchikan, Alaska. The contract calls for the demolition and replacement of the First Waterfall Creek bridge and the Second Waterfall Creek bridge, as well as the re-grading and re-paving of both bridge approaches. The project is expected to begin late in the fourth quarter of 2018 with a duration of approximately twelve (12) months.
“Orion has been active in the Alaskan construction market for over two decades,” said Mark Stauffer, Orion’s President and CEO. “Orion is very proud to continue to play a significant role in helping develop Alaska’s vital infrastructure.”
*About Orion Group Holdings*
Orion Group Holdings, Inc., a leading specialty construction company, provides services both on and off the water in the continental United States, Alaska, Canada and the Caribbean Basin through its heavy civil marine construction segment and its commercial concrete segment. The Company’s heavy civil marine construction segment services includes marine transportation facility construction, marine pipeline construction, marine environmental structures, dredging of waterways, channels and ports, environmental dredging, design, and specialty services. Its commercial concrete segment provides turnkey concrete construction services including pour and finish, dirt work, layout, forming, rebar, and mesh across the light commercial, structural and other associated business areas. The Company is headquartered in Houston, Texas with regional offices throughout its operating areas.
The matters discussed in this press release may constitute or include projections or other forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, the provisions of which the Company is availing itself. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as 'believes', 'expects', 'may', 'will', 'could', 'should', 'seeks', 'approximately', 'intends', 'plans', 'estimates', or 'anticipates', or the negative thereof or other comparable terminology, or by discussions of strategy, plans, objectives, intentions, estimates, forecasts, outlook, assumptions, or goals. In particular, statements regarding future operations or results, including those set forth in this press release and any other statement, express or implied, concerning future operating results or the future generation of or ability to generate revenues, income, net income, profit, EBITDA, EBITDA margin, or cash flow, including to service debt, and including any estimates, forecasts or assumptions regarding future revenues or revenue growth, are forward-looking statements. Forward looking statements also include estimated project start date, anticipated revenues, and contract options which may or may not be awarded in the future. Forward looking statements involve risks, including those associated with the Company's fixed price contracts that impacts profits, unforeseen productivity delays that may alter the final profitability of the contract, cancellation of the contract by the customer for unforeseen reasons, delays or decreases in funding by the customer, levels and predictability of government funding or other governmental budgetary constraints and any potential contract options which may or may not be awarded in the future, and are the sole discretion of award by the customer. Past performance is not necessarily an indicator of future results. In light of these and other uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as a representation by the Company that the Company's plans, estimates, forecasts, goals, intentions, or objectives will be achieved or realized. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company assumes no obligation to update information contained in this press release whether as a result of new developments or otherwise.
Please refer to the Company’s Annual Report on Form 10-K, filed on March 13, 2018, which is available on its website at www.oriongroupholdingsinc.com or at the SEC’s website at www.sec.gov, for additional and more detailed discussion of risk factors that could cause actual results to differ materially from our current expectations, estimates or forecasts.
Orion Group Holdings Inc.
Shane Martin, Investor Relations Manager (972) 850-2001 Reported by GlobeNewswire 9 hours ago.
The Suffolk Marine Bureau rescued a Babylon man whose boat capsized in the rough waters of the Fire Island Inlet on Tuesday afternoon, police said.
Reported by Newsday 6 hours ago.
*Ageas announces that it has signed today an agreement to acquire 40% of the share capital of the Indian Non-Life insurance company Royal Sundaram General Insurance Co. Limited (RSGI) for a total consideration of EUR 186 million^.*
RSGI is a top 10 privately owned player in the Indian general insurance market with strong positions in Motor and Health insurance. The company benefits from extended distribution capabilities with a nationwide network of more than 5,600 agents, 700 branches, and well-established relationships with banks and other distribution partners off- and online. In 2018^ RSGI generated EUR 321 million inflows and EUR 10 million net profit and realised between 2015 and 2018, an average annual growth rate of 19% and 55% in inflows and net profit respectively.
The transaction is subject to the approval of regulatory authorities, and is expected to close in the first half of 2019. After completion, Ageas will hold 40% of RSGI's share capital, Sundaram Finance 50% and various other shareholders the remaining 10%.
The acquisition fits Ageas's strategy, as reconfirmed in its recently announced 3-year strategic plan Connect21, to expand its activities in fast growing markets in which it already operates, focussing on Non-Life insurance in particular.
The acquisition will reduce the Group Solvency II by approximately 5%.
This transaction will have no impact on Ageas's share buy-back commitment under its Connect21 strategic plan as announced on 19 September 2018.
*Commenting on the agreement, Bart De Smet, CEO of Ageas, said:* "Partnering with Sundaram Finance, a well-established company with a vast knowledge of the Indian insurance market, offers us a great opportunity to benefit from the potential of what is one of the world's largest economies with an insurance industry that is expected to grow significantly in the coming years. Being already present in the Indian Life insurance market, we now will be able, through this new joint venture, to also fully grasp opportunities in the Non-Life market. We are confident that Ageas's insurance expertise combined with Sundaram Finance's market knowledge and position will take RSGI to a next level in terms of size and profitability."
*Commenting on the agreement, T T Srinivasaraghavan, Managing Director of SFL said: *"Over the past 18 years, Royal Sundaram has built a sterling reputation in the market for its customer service excellence, notably in claims management. The Company has demonstrated strong growth in its chosen segments and is witnessing a rapid growth in its profitability. For the next phase of growth, we are delighted to be partnering with Ageas, whose global experience, including several Asian countries, will be an asset. Ageas is unique in its approach of working through local partnerships and joint ventures across Asia and we believe this can create significant value for Royal Sundaram."
*Ageas* is a listed international insurance Group with a heritage spanning 190 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow. As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Luxembourg, France, Portugal, Turkey, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of over 50,000 people and reported annual inflows close to EUR 34 billion in 2017 (all figures at 100%).
*Royal Sundaram General Insurance Co. Ltd*. is a subsidiary of Sundaram Finance, a leading financial services provider based in Chennai, Southern India. Sundaram Finance is a listed company with a market capitalisation of EUR 1.9 billion that offers services including general insurance, financing, mutual funds, business process outsourcing ("BPO"), IT services and retail distribution. Royal Sundaram General Insurance Co Ltd. is India's 1^st privately owned general insurance company (licensed in 2000) and currently holds the 9^th position in that market segment (ex-standalone health insurers) offering innovative general insurance solutions to individuals, families and businesses directly as well as through its intermediaries and affinity partners. The company offers Motor, Health, Personal Accident, Home & Travel Insurance to individual customers and offers specialised insurance products in Fire, Marine, Engineering, Liability & Business Interruption risks to commercial customers. Royal Sundaram also offers specially designed products to the small & medium enterprises and rural customers as well.
^ Agreement to acquire at a price of INR 15.2 billion, corresponding to an amount of EUR 186 million calculated at the 13/11/2018 EUR/INR rate of 81.74.
^ Indian accounting years with year-end in March
· Pdf version of the press release.pdf Reported by GlobeNewswire 4 hours ago.
For tFor the first time, a state – Seychelles – has issued a 'Blue Bond', which will finance the protection of marine ecosystems and the development of sustainable fishing. EURACTIV France’s media partner, the Journal de l’environnement reports.
Reported by EurActiv 3 hours ago.
14 November 2018, Limassol, Cyprus
SeaBird Exploration is pleased to announce that the company has signed a letter of intent to acquire 2D seismic data for an international oil & gas company in the Americas region. The survey is expected to take approximately 6 weeks and will be conducted by the Harrier Explorer in Q1 2019.
SeaBird is a global provider of marine acquisition for 2D/3D and 4D seismic data, and associated products and services to the oil and gas industry. SeaBird specializes in high quality operations within the high end of the source vessel and 2D market, as well as in the shallow/deep water 2D/3D and 4D market. Main focus for the company is proprietary seismic surveys (contract seismic). Main success criteria for the company are an unrelenting focus on Quality, Health, Safety and Environment (QHSE), combined with efficient collection of high quality seismic data. All statements in this press release other than statements of historical fact are forward-looking statements and are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include SeaBird`s reliance on a cyclical industry and the utilization of the company's vessels. Actual results may differ substantially from those expected or projected in the forward-looking statements.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For further queries contact:
Hans Petter Klohs
CEO SeaBird Exploration
Phone: +47 22402718
CFO SeaBird Exploration
Phone: +47 22402717 Reported by GlobeNewswire 3 hours ago.
November 14, 2018: Oslo, Norway, PGS (or the "Company") has entered into a contract for a 3D survey in South America for an undisclosed client.
PGS plans to use two Ramform Titan-class vessels for an estimated total duration of approximately 13 vessel months. Acquisition is scheduled to start in the second half of November and the contract value is estimated to be in excess of $75 million.
*For details, contact:*
Bård Stenberg, SVP IR & Communication
Mobile: +47 992 45 235
PGS (or "the Company") is a focused Marine geophysical company that provides a broad range of seismic and reservoir services, including acquisition, imaging, interpretation, and field evaluation. The Company MultiClient data library is among the largest in the seismic industry, with modern 3D coverage in all significant offshore hydrocarbon provinces of the world. The Company operates on a worldwide basis with headquarters in Oslo, Norway and the PGS share is listed on the Oslo stock exchange (OSE: PGS). For more information on Petroleum Geo-Services visit www.pgs.com.
The information included herein contains certain forward-looking statements that address activities, events or developments that the Company expects, projects, believes or anticipates will or may occur in the future. These statements are based on various assumptions made by the Company, which are beyond its control and are subject to certain additional risks and uncertainties. The Company is subject to a large number of risk factors including but not limited to the demand for seismic services, the demand for data from our multi-client data library, the attractiveness of our technology, unpredictable changes in governmental regulations affecting our markets and extreme weather conditions. For a further description of other relevant risk factors we refer to our Annual Report for 2017. As a result of these and other risk factors, actual events and our actual results may differ materially from those indicated in or implied by such forward-looking statements. The reservation is also made that inaccuracies or mistakes may occur in the information given above about current status of the Company or its business. Any reliance on the information above is at the risk of the reader, and PGS disclaims any and all liability in this respect.This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Reported by GlobeNewswire 3 hours ago.
Worldcrunch.com / THE WIRE
*MANAWAR —*The fossil of the cidaris looked like a self-embroidered Christmas ornament. It was the relic of a slate-pencil sea urchin, or cidaris, a punk-styled marine critter. Alive, it looks like a golf ball with spikes, or a comic-book...
** Reported by Worldcrunch 2 hours ago.