US Lawmakers Tech CEOs to Address Security Concerns About Subsea Cables
of possible sabotage. In 2023, Taiwan accused two Chinese vessels of cutting the only two cables that support internet access on the Matsu Islands. In addition, Houthi attacks in the Red Sea may have been responsible for the cutting of three cables providing internet service to Europe and Asia.(Reuters
Greece Unveils Boundaries of Two Planned Marine Parks
said, and Greece wants to expand them further.When the public consultation ends, the Environment Ministry will draft two presidential decrees, which will be submitted to the Council of State by the end of October, the officials added. The parks will be established once the decrees are published.(Reuters
China's First 'Ocean-level Intelligent Research Vessel' Delievered
, a per capita living cabin of 10.2 square meters, and a total of more than 100 square meters of functional cabins, including conference areas, lecture halls, leisure and fitness areas, achieving the operational capacity of a 3,000 ton scientific research vessel with a relatively small volume.(Source: Reuters/CNS
Greenroom Robotics Granted AUKUS Exemption for Autonomous Vessel Software
in August through an exemption to the U.S. International Trafficking in Arms Regulations, designed to speed up construction of nuclear-powered submarines under the Australia-UK-US (AUKUS) pact.The co-founder of the Greenroom Robotics startup, former Royal Australian Navy engineer Harry Hubbert, told Reuters the licence exemption will also speed up the company's collaboration on autonomous vessel trials with defence companies in Britain and the United States.Greenroom's software acts like "the brain of a vessel", he said, emulating what a helmsman or navigator would do by talking to
Google-Backed Coalition to Help Scale Up CO2 Removal
A coalition backed by Google, Stripe and Shopify will spend $1.7 million to buy carbon removal credits from three early stage firms on behalf of the tech giants to help scale up the nascent markets, an executive told Reuters.The world is expected to need to suck between five and 10 billion tons a year of carbon emissions out of the atmosphere by mid-century to reach its climate goals, yet at the moment most technologies are small scale.The coalition, called Frontier, is also backed by H&M Group, JPMorgan Chase and Salesforce, among others.The group, which aggregates demand from its members, will
Kongsberg Ramps Up Maritime Defense Production to Meet Growing Demand
in Norway and is building up capacity in Australia, Håøy said in a call with analysts and media. Later this year, it will also start building production facilities in the United States."We are quite comfortable with our own capacity going forward," Håøy told Reuters.He said that the facility in Australia was being built and funded by the government, which is also the customer, and Kongsberg will equip and lease the plant on a long-term basis. In the U.S., it is making an investment of its own.The group will invest 3% to 5% of its sales into capacity expansions
With 'Indication of Interest', Argeo Suspends Bankruptcy Decision
Argeo ASA reportedly suspended its decision to file for bankruptcy following interest from a significant industrial player in conducting a transaction with the company. The trading of Argeo’s shares on Euronext Oslo Børs remains suspended as the company evaluates this potential opportunity, which could impact its financial situation and market positioning.(Reuters + TipRanks + MTR staff)
Japan to Begin Test Mining Rare-Earth Mud in Early 2026
and disrupt supply chains."The goal is to secure a domestic supply to enhance national security, rather than to enable private companies to profit from selling rare earths," Shoichi Ishii, program director of the Cabinet Office's national platform for innovative ocean developments told Reuters in an interview.This would mark the world's first attempt to extract mud from the deep seabed for the separation and refining of rare earth elements, he added.The Japanese government is pushing ahead with a national project to develop domestic rare earth production as part of broader efforts
Chinese Captain in Baltic Sea Cable Damage Case Appears in Court
so was assigned a duty lawyer by the court.The 43-year-old Chinese national is alleged to have caused "criminal damage" to an underwater natural gas pipeline and submarine telecom cables between Finland and Estonia on October 8, 2023, according to a Hong Kong charge sheet seen by Reuters.The document added the defendant "without lawful excuse damaged the property belonging to another" and that he had been "reckless as to whether such property would be damaged."The magistrate adjourned the case for three months until September 26, after the prosecution said it
February 2025
