Oil Prices Stabilize as Russia-Ukraine Peace Hopes Fade, Yemen Tensions Rise
Oil prices were steady in choppy trade on Tuesday as investors weighed dented hopes of a Russia-Ukraine peace deal and rising geopolitical tensions in the Middle East around Yemen.Brent crude futures for February delivery, which expire on Tuesday, were up 3 cents, or 0.05%, at $61.97 a barrel at 1:18 p.m. EDT. The more active March contract was down 12 cents or 0.2% at $61.37.U.S. West Texas Intermediate crude fell 6 cents, or 0.1%, to $58.02.The Brent and WTI benchmarks settledâŠ
EU Sets Out New India Strategy
The EU has proposed a new strategic agenda to raise bilateral relations with India.The European Commission and the High Representative adopted a Joint Communication outlining a âNew Strategic EU-India Agenda' marking a significant milestone in EU-India relations.This initiative, announced by President von der Leyen in her Political Guidelines for 2024-2029, aims to deepen, broaden, and better coordinate bilateral cooperation, enhance prosperity and security for both partners andâŠ
Frigates Deployed by Dutch Navy For NATO Summit Security
The Dutch city of The Hague will host the NATO summit next week, with tight security in place as it welcomes around 6,000 delegates and world leaders from 32 countries, including U.S. President Donald Trump, French President Emmanuel Macron, and U.K.
Harvest Now Decrypt Later
The threat that AI and quantum computing pose to cyber security is already here, even before these technologies are mature enough to crack todayâs encryption methods. Bad actors are taking a âharvest now decrypt laterâ approach to cyberattacks.Classical encryption methods like RivestâShamirâAdleman (RSA) and Elliptic Curve Cryptography (ECC) rely on the difficulty of factoring large numbers or solving discrete logarithm problems.âBreaking these public, asymmetric key encryption schemes is a practical impossibility for classical systems.
NYK Conducts Joint Counterterrorism Drill with Hong Kong Police
On April 17, NYK and the Hong Kong Police Force jointly conducted a counterterrorism drill aboard NYK's NYK Daniella, a 210-m, 2,664-TEU containershipThe drill lasted about an hour in Hong Kong's territorial waters. Based on the scenario of terrorists entering the vessel by boat, Hong Kong special forces searched and suppressed the terrorists, while all parties, including the crew and the ship-management company, worked together to verify response procedures.
Operation Summerstock: Strengthening Security and Saving Lives
Summer is easily the busiest season for the U.S. Coast Guard. New England is no exception, people flock to the beaches to swim, and recreational boating is at its peak. Many destinations along the coasts are hot spots for tourism and increased safety checks by local Coast Guard units. However, sometimes people of coastal states forget that the Coast Guard's presence extends inward to our inland lakes and waterways.One of those inland bodies of water is Lake Champlain, and not only is it shared by New York State and Vermont, but it's also part of Canada.
Blank Rome Welcomes Maritime Partner Luke Reid
Luke M. Reid has joined Blank Rome as a partner in the firmâs Maritime group and as a member of the Transportation industry team in the Boston office. A former U.S. Coast Guard officer, Reid advises clients in connection with all aspects of international and domestic maritime regulatory compliance, as well as representing maritime clients in connection with government investigations, criminal and civil litigation, defense of maritime regulatory enforcement actions, environmental enforcement defense, and international law.
US Issues Fresh Iran-related Sanctions Targeting Vessel Owner
The United States on Thursday imposed new Iran-related counterterrorism sanctions against Oceanlink Maritime DMCC and its vessels, citing its role in shipping commodities on behalf of the Iranian military.The United States is using financial sanctions to isolate Iran and disrupt its ability to fund its proxy groups and support Russia's war in Ukraine, the Treasury Department said. The United Arab Emirates-based Oceanlink operates a fleet of more than a dozen vessels deeply involved in shipping Iranian commodities, Treasury said.The U.S.
U.S. to Reward Tips on Illicit Cargos in the Middle East
The U.S. Navy will for the first time reward individuals for providing information that leads to the seizure of illicit cargos such as illegal weapons or narcotics in waters across the Middle East, it said on Tuesday.The U.S. Naval Forces Central Command (NAVCENT), which is headquartered in Bahrain and covers strategic waterways such as the Suez Canal and Strait of Hormuz, said the rewards could be in cash or items such as boats."NAVCENT could potentially reward a maximum $100,000 payout for information or non-lethal assistance that supports counterterrorism operations or leads U.S.
Maritime Security: Neo-colonialism in the Gulf of Guinea
Is neo-colonialism in the Gulf of Guinea the answer to West Africaâs maritime crime crisis?In October 2020, Chinaâs transport ministry established an ad hoc workgroup to lay down precautionary measures for ships and seafarers passing through high piracy risk West African waters.The move came as China told its vessels to up vigilance and implement a series of precautionary measures to ensure the security of ocea-going vessels and seafarers amid rising attacks and a surge in kidnaps in the Gulf of Guinea.Plans outlined by Wu ChungengâŠ
US Issues Fresh Sanctions Targeting Iran's Oil Sector
The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic's oil sector, including the Iranian Ministry of Petroleum, in Washington's latest move to increase pressure on Tehran.The U.S. Treasury Department in a statement said it was slapping sanctions on key actors in Iran's oil sector for supporting the Quds Force, the elite foreign paramilitary and espionage arm of the Islamic Revolutionary Guard Corps."The regime in Iran uses the petroleum sector to fund the destabilizing activities of the IRGC-QFâŠ
Report: FBI Falls Short On Port Threat Assessment
The Federal Bureau of Investigation is not taking appropriate steps to review and assess potential maritime terrorism risks facing U.S. sea ports, the Justice Department's internal watchdog has found.The audit, released on Thursday by Inspector General Michael Horowitz, found that while top FBI officials believe the country faces a low maritime terrorism threat, that view is actually based on "incomplete and potentially inaccurate information."Moreover, the audit found that the FBI had not conducted its own formal assessment of the matter.In a letter to Horowitz dated Aug.
GREAT WORKBOATS: The Very Best 10 of 2018
MarineNews showcases the ten best of North Americaâs 2018 workboat deliveries. Domestic shipyard production is robust, innovative and getting greener. And, that translates into two kinds of âgreen.âAs the domestic offshore energy support sector slowly awakens, other sectors have been happy to take the spotlight in its absence. As always, and if a hull was delivered in 2018, we took a look at it, with several areas as a focus for inclusion into this edition. For my part, Iâm always excited when the U.S. boatbuilding sector can deliver for a foreign buyer. Weâve checked that box here. And, thatâs because we can compete on price, quality and when we doâŠ
India to Take Part in Maritime Drill in South China Sea
India will join US and Japan conduct joint naval exercises in the northern waters of the Philippine Sea, an area close to the East and South China Seas where Beijing is locked in an increasingly tense standoff with other countries. The multinational maritime exercise in the strategically important South China Sea, which will also have the Japan, Russia, Australia and China along with other countries as participants. IANS quoted an official statement said it is part of the Indian Navyâs endeavour to "enhance maritime security in the Indo-Pacific". The exercise is a multinational exercise on maritime security and counterterrorism under the aegis of ASEAN Defence Ministersâ Meeting Plus, or ADMM Plus consortium. Indian Naval Ship (INS) Airavat has already reached Brunei.
US to Give Two Ships to Philippine Navy
Following a visit aboard Philippine naval ship BRP Gregorio Del Pilar on Tuesday, U.S. President Barack Obama said the American government plans to transfer two ships to the Philippine Navy, bolstering what Obama called an âironclad commitmentâ to the defense of treaty ally the Philippines. Obama said the two vessels â a Hamilton-Class Coast Guard Cutter and research ship â are part of the U.S. effort to increase maritime security assistance to its allies in the Asia-Pacific region, where tensions with China have heated up over recent years.
Is China Building a Naval Base in Africa?
Recently, The Namibian reported the existence of a "confidential letter from Namibia's ambassador to China, Ringo Abed, to Namibia's foreign minister stating that 'a Chinese delegation will visit Namibia ... for discussions ... The reports say that Beijing has told Namibian diplomats that a "Chinese naval presence will deter any would-be illegal trawlers and smugglers.â China's Indian Ocean-based "string of pearls" naval base strategy to protect the country's 21st Century vision of a "maritime silk road" looks like it may now extend all the way to the South Atlantic. Chinaâs annual trade with Africa soared 11-fold in the decade to 2013, exceeding $200 billion, and the countryâs companies have invested on the continent.
GCC Joint Maritime Security Force Soon
The six Gulf Cooperation Council (GCC) state members have agreed to set up a joint maritime security force and enhance cooperation in naval operations in response to increasing regional maritime conflict, according to reports in local media. A joint naval exercise would begin in the UAE on Monday and run until Thursday as a first step towards a unified command system to be used in emergencies, a GCC statement said. The exercise would help raise the level of GCCâs preparedness, combat efficiency and cooperation. Saudi Arabia is participating in the GCC exercise with a number of naval units, boats, special naval security units and Super Puma aircraft.
Coast Guard Maritime Reconnaissance Radar Contract for Excelis
Exelis say they have received a $32 million, 5-year IDIQ (indefinite-delivery, indefinite-quantity) award to supply airborne surveillance radars, spares, support equipment and technical services to the U.S. Coast Guard. The company explains that integrated on the U.S. Coast Guardâs HC-130J Super Hercules long-range surveillance aircraft, the AN/APY-11 multimode radar is designed to support the serviceâs maritime reconnaissance mission, which includes long-range surveillance, search and rescue, drug interdiction, counterterrorism and maritime environmental support.
New Captain Aboard USCG Cutter Stratton
A Change of Command Ceremony is scheduled for U.S. Coast Guard Cutter Stratton at Coast Guard Island, Alameda, Calif., Thursday, at 10:30 a.m. During the ceremony Capt. Andrew M. Sugimoto will relieve Capt. Charles L. Cashin III, as Strattonâs commanding officer. Vice Adm. Paul F. Zukunft, Commander, Pacific Area and Defense Forces West, will preside over the ceremony. Cashin is a native of Chelmsford, Mass., and has served aboard seven cutters, commanding three of them. He is a 1988 graduate of the United States Coast Guard Academy where he earned a Bachelor of Science in Civil Engineering.
New Senior Advisors at Security Dynamics
Security Dynamics LLC, a global security and risk management advisory firm, added three new Senior Advisors to its team of Subject Matter Experts. The news was announced by Kim E. Petersen, the firmâs Chairman and President. The new Senior Advisors will compliment Security Dynamicsâ current team of experts bringing with them decades of career experience in intelligence, homeland security, infrastructure protection, intermodal transportation security and law enforcement training.
Security Dynamics to Expand Consulting Services
In response to dangerous and escalating terrorist threats directed at both the private and public sectors, Security Dynamics LLC â a counterterrorism and risk management consultancy â is expanding in size and scope, according to Chairman and President Kim E. Petersen. The Florida-based firm's enhanced focus will include intermodal transportation, energy and petrochemical facilities, hotels and the hospitality industry, and schools and universities. Security Dynamics LLC, a strategic security and risk management advisory firm renowned for its team of counterterrorism and risk management experts, is increasing its global scope of operations in response to rapidly evolving terrorist and criminal threats, it was announced today by Kim E. Petersen, the firmâs Chairman and President.
New High-power Waterjet Propulsors for Navy LCS
The Navy's fifth littoral combat ship (LCS), 'Milwaukee', the first to benefit from high-power density waterjets. The product of an Office of Naval Research (ONR) Future Naval Capabilities (FNC) program, the waterjets arrived last month at the Marinette Marine shipyard in Wisconsin, where Milwaukee (LCS 5) is under construction. Developed by Rolls-Royce Naval Marine in Walpole, Mass., in collaboration with ONR and Naval Surface Warfare Center, Carderock Division, the new Axial-Flow Waterjet Mk-1 can move nearly half a million gallons of seawater per minuteâŠ
Lockheed Martin Offer LCS Warships World-wide
Leveraging on its USN Littoral Combat Ships (LCS) experience, Lockheed Martin offers a Multi-Mission Combatant for navies worldwide. With two Littoral Combat Ships (LCS) currently in the U.S. Navy fleet, two more in production and two others under contract, Lockheed Martin is leveraging experience gained through the LCS program to offer a Multi-Mission Combatant for navies worldwide. The Multi-Mission Combatant is an agile, modular vessel capable of speeds in excess of 40 knots. It provides the power of a larger platform with a smaller crew, similar to the core 40 sailors the U.S.