County Ocean Financial News

Indian Navy has placed orders for 68 warships and vessels valued at approximately Rs 2 lakh crore. As per a TOI report, this strategic move aligns with India's overarching goal of safeguarding its extensive geostrategic interests and countering China's expanding presence in the Indian Ocean Region (IOR). The Indian Navy, currently boasting 132 warships, 143 aircraft, and 130 helicopters, has received preliminary approval, known as 'acceptance of necessity' (AoN), for the construction of eight next-generation corvettes, nine submarines, five survey vessels, and two multi-purpose vessels within India in the forthcoming years. Despite grappling with the slow-paced construction in domestic shipyards, the phased decommissioning of aging vessels, and fiscal constraints, the Navy anticipates achieving a force level of approximately 155-160 warships by 2030. However, the figures remain dynamic.

France is sending military forces to distribute water on the French Indian Ocean territory of Mayotte

Police arrested six protesters Tuesday who tried to disrupt the start of land-based testing for New Jersey’s first offshore wind farm

As the U.S. races to build offshore wind power projects that will transform coastlines from Maine to South Carolina, much remains unknown about how the facilities could affect the environment

As the U.S. races to build offshore wind power projects that will transform coastlines from Maine to South Carolina, much remains unknown about how the facilities could affect the environment

Project Samudrayaan. As per a TOI report, this ambitious project aims to plunge three individuals 6,000 meters beneath the ocean's surface in a homegrown submersible, all in the pursuit of precious metals and minerals, notably cobalt, nickel, and manganese. Dubbed «Matsya 6000,» this submersible has been in development for nearly two years and is now primed for its inaugural sea trials, slated to unfold in early 2024 off the Chennai coast in the Bay of Bengal.

Florida man was arrested by the U.S. Coast Guard (USCG) last month after he attempted to cross the Atlantic Ocean in a homemade contraption similar to a human-sized hamster wheel.Reza Baluchi, 44, was arrested on Aug.

Orsted, the global wind energy developer, says its first offshore wind farm in New Jersey will be delayed until 2026

UAE Navy Subject Matter Expert delegation led by Colonel Dr Ali Saif Ali Mehrazi arrived in India on August 27 on a four-day visit to specialised meteorology, oceanography and weather modelling units of Indian Navy (IN) at Kochi, Goa and New Delhi. This visit signifies the beginning of a new chapter in professional cooperation between the two navies, with the goal of exchanging professional knowledge, expertise, training and collaboration in the fields of meteorology, oceanography and weather and ocean modelling, a Defence Ministry release said. The UAE Navy delegation visited Kochi on August 28 where they met senior officers of the Navy for professional interaction at the Naval Operations Data Processing and Analysis Centre (NODPAC), which is a dedicated unit for aspects of oceanography, ocean state forecast and ocean modelling. They also visited the Indian Naval Meteorological Analysis Centre (INMAC), which looks into the aspects of weather forecasts and atmosphere modelling. The release said the UAE Navy delegation also visited the School of Naval Oceanology and Meteorology (SNOM), which caters to the Meteorological, Oceanographic and Numerical Weather Prediction (NWP) training needs of the Indian Navy. The Indian Navy over the years has accrued knowledge, expertise and skills in the domain of meteorology and oceanography, the release said. Through its dedicated units, the Indian Navy has also been supporting many countries in the Indian Ocean Region (IOR) with training in the fields as well as daily weather forecast services to ensure maritime safety in the region. The delegation would also be visiting Air Squadrons and Met Office at INS Hansa, Goa, which is the premier Naval Air Station of the Navy followed by a

Indian government has appointed Geetika Srivastava, joint secretary (Indo-Pacific) in the external affairs ministry, to head the post of chargé d’affaires in the Indian high commission in Islamabad, said a report by Hindustantimes.com citing people familiar with the matter. She will be the first woman diplomat to hold this post in the Indian high commission in Islamabad.

The operator of the wrecked Fukushima Daiichi nuclear power plant is now releasing treated but still slightly radioactive wastewater into the Pacific Ocean

A planned offshore wind farm moved a step closer to construction Tuesday with the Department of the Interior announcing it has approved the project

Ranil Wickremesinghe on Saturday highlighted the need for a comprehensive review of Sri Lanka's national security strategy to chart a course devoid of entanglement in the emerging international rivalries and maintain neutrality in the Indian Ocean region. The review will include a broad range of factors, emerging economic trends and the impacts of climate change, Wickremesinghe said, addressing a Naval gathering in the southern district of Galle. The President has already appointed a team led by a retired Major General to report to the National Security Council for formulating contemporary security policies.

Murmu launched INS Vindhyagiri at Garden Reach Shipbuilders & Engineers Ltd (GRSE) in Kolkata. West Bengal Governor CV Ananda Bose and state Chief Minister Mamata Banerjee were also present at the programme. President Droupadi Murmu said that India is poised to become the third largest economy in the world and the launch of INS 'Vindhyagiri' will strengthen Indian navy and help India become «Atmanirbhar Bharat» through indigenous ship-building.

Indian Air Force (IAF) will host a mega multilateral military exercise next year that was originally planned for October. The exercise, 'Tarang Shakti', is likely to be held in the middle of 2024 as a number of participating air forces conveyed to the IAF that they will not be able to join the wargame if it is held this year, sources in the defence and military establishment said on Wednesday. The exercise is expected to witness participation of around 12 air forces and the focus of the wargame will be to improve military cooperation and enhance interoperability, they said. It will be the biggest air exercise being organised in India. It is learnt that air forces of France, the UK, Australia, the US and Japan would participate in the exercise.

India's sensitive security and strategic concerns. This is not the first time Sri Lanka will give space to China's military vessels as in August 2022, a Chinese vessel known for its role in tracking ballistic missiles, Yuan Wang 5, successfully moored at the harbor of Hambantota.

Four new wind farms are being proposed off the New Jersey coast

Chinese assistance, is just another step in Beijing’s unfolding grand strategy for achieving the “China Dream", or attainment of Super Power status by 2047 or earlier. The CPC had realised at an early stage that an essential prerequisite for achieving the China Dream was for China to become a maritime power," Admiral Arun Prakash said.

A newly filed lawsuit has alleged that the FTX Foundation planned to use the island nation of Nauru as a safe refuge for effective altruists for “some event where 50% - 99.99% of people die.”

maritime interests, contribute to regional security, and foster peace and stability," said Admiral Hari Kumar. India has steadily bolstered its defence partnership with Vietnam in recent years.

India and Sri Lanka will conduct feasibility studies on petroleum line and land bridge connectivity between the countries in what could boost sub-regional integration in the Indian Ocean Region, Prime Minister Narendra Modi said on Friday after holding talks with visiting Sri Lankan President Ranil Wickremesinghe. The two sides announced five pacts, including a memorandum of cooperation for economic development projects in Trincomalee district of Sri Lanka and memorandum of understanding on renewable energy.