Marshall Islands

Over the past six years, governments proposed launching over one million satellites, but where will they all go?

Retrieved on: 
Wednesday, November 8, 2023

In September 2021, Rwanda announced that it was planning to launch over 300,000 satellites.

Key Points: 
  • In September 2021, Rwanda announced that it was planning to launch over 300,000 satellites.
  • Three months later, a Canadian company, having previously launched two dozen CubeSats, said it would launch an additional 100,000.
  • And SpaceX, which has already launched around 5,000 satellites, now has plans for over 60,000 more.

One million filings

  • In a new Policy Forum article published in Science, we found that, between 2017 and 2022, countries collectively made filings for over one million satellites across more than 300 separate systems of multiple satellites working together, known as constellations.
  • A closer look shows that the latter option is more likely.

Congested orbits

  • If even 10 per cent of the filed-for satellites launch, low Earth orbit would become congested with over 100,000 additional satellites.
  • Collisions between satellites would generate space debris, which would in turn cause further collisions.
  • Reentering satellites would burn up in the atmosphere, potentially affecting the climate, while surviving pieces of debris might strike people or aircraft.

Countries of convenience

  • OneWeb, which has 634 satellites in orbit, has made filings for 6,118 more satellites through three countries: Mexico, France and the United Kingdom.
  • It is unclear why this is happening, but all these states have different administrative rules — and fees — associated with satellite filings.
  • Over 44 per cent of the world’s ships by tonnage are registered in just three countries: Panama, Liberia and the Marshall Islands.

Updating the rules

  • The ITU — which is a United Nations agency that predates the UN, making it the oldest agency in the organization — has well-established processes for updating its rules.
  • The 193 member states meet every three to four years at World Radiocommunication Conferences, where new rules are debated and adopted.
  • However, the first satellite can be launched up to seven years after the filing, giving companies considerable time and flexibility.

Environmental responsibility

  • But it must balance that goal with its mandate, which focuses on radio spectrum management.
  • From Nov. 20 to Dec. 15, 2023, the ITU member states will convene in Dubai for this year’s World Radiocommunication Conference.


The authors do not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

Star Bulk Announces the Repurchase of an Additional 10 Million of its Common Shares From Oaktree

Retrieved on: 
Monday, October 30, 2023

The Share Repurchase was approved unanimously by all the disinterested members of the Company’s Board of Directors.

Key Points: 
  • The Share Repurchase was approved unanimously by all the disinterested members of the Company’s Board of Directors.
  • Closing is expected to occur on December 1, 2023 after which the 10 million shares will be withdrawn and cancelled.
  • The Purchase Price will be funded from new debt financing, which we intend to repay with proceeds mostly from future vessel sales.
  • The Company remains committed to its current dividend policy and we believe that the Share Repurchase will be accretive to our future dividends per share.

Global Ship Lease Announces Third Quarter 2023 Earnings Release, Conference Call and Webcast

Retrieved on: 
Thursday, October 26, 2023

LONDON, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that it will hold a conference call to discuss the Company’s results for the third quarter 2023 on Thursday, November 9, 2023 at 10:30 a.m. Eastern Time.

Key Points: 
  • LONDON, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that it will hold a conference call to discuss the Company’s results for the third quarter 2023 on Thursday, November 9, 2023 at 10:30 a.m. Eastern Time.
  • The Company will issue financial results for the third quarter 2023 on Thursday, November 9, 2023, before the open of market trading.
  • Live Internet webcast and slide presentation:
    The webcast will be archived on the Company’s website: http://www.globalshiplease.com
    Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships.
  • As at June 30, 2023, Global Ship Lease owned 68 containerships ranging from 2,207 to 11,040 TEU, with an aggregate capacity of 375,406 TEU.

Bitt and the Government of the Republic of the Marshall Islands Sign MOU to Establish a National Digital Payments System

Retrieved on: 
Monday, October 23, 2023

The NDPS is poised to revolutionize the financial landscape by addressing the economic challenges faced by marginalized entities within the Marshall Islands.

Key Points: 
  • The NDPS is poised to revolutionize the financial landscape by addressing the economic challenges faced by marginalized entities within the Marshall Islands.
  • By harnessing blockchain technology and drawing upon Bitt's proficiency in digital asset management, the pilot program will explore the feasibility of digital alternatives in the Republic of the Marshall Islands' existing monetary framework.
  • Brian Popelka, CEO of Bitt, commented on the partnership: "We look forward to collaborating with the Marshall Islands.
  • Senator David Paul of the Republic of the Marshall Islands shared his enthusiasm about the collaboration, saying, "We are excited about our collaboration.

Bitt and the Government of the Republic of the Marshall Islands Sign MOU to Establish a National Digital Payments System

Retrieved on: 
Monday, October 23, 2023

The NDPS is poised to revolutionize the financial landscape by addressing the economic challenges faced by marginalized entities within the Marshall Islands.

Key Points: 
  • The NDPS is poised to revolutionize the financial landscape by addressing the economic challenges faced by marginalized entities within the Marshall Islands.
  • By harnessing blockchain technology and drawing upon Bitt's proficiency in digital asset management, the pilot program will explore the feasibility of digital alternatives in the Republic of the Marshall Islands' existing monetary framework.
  • Brian Popelka, CEO of Bitt, commented on the partnership: "We look forward to collaborating with the Marshall Islands.
  • Senator David Paul of the Republic of the Marshall Islands shared his enthusiasm about the collaboration, saying, "We are excited about our collaboration.

Parsons Strengthens Portfolio In Vital Indo-Pacific Region With Two Milestone Awards From U.S. Army

Retrieved on: 
Tuesday, October 17, 2023

“Parsons is a leader in providing the federal government with solutions to their most complex infrastructure and remediation challenges,” said Jon Moretta, president, Engineered Systems, for Parsons.

Key Points: 
  • “Parsons is a leader in providing the federal government with solutions to their most complex infrastructure and remediation challenges,” said Jon Moretta, president, Engineered Systems, for Parsons.
  • “Projects of this nature in the Indo-Pacific are uniquely complex due to the logistical and environmental challenges required to operate in the region.
  • These awards expand the company’s existing footprint in the Indo-Pacific (INDOPAC) region.
  • To learn more about Parsons’ environmental remediation and treatment solutions, visit Parsons.com/environmental/ .

Globus Maritime Announces Results of Annual Meeting of Shareholders

Retrieved on: 
Thursday, September 21, 2023

GLYFADA, Greece, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus” or the “Company”), (NASDAQ: GLBS), a dry bulk shipping company, announced the results of its annual meeting of shareholders, held earlier today in Glyfada, Greece.

Key Points: 
  • GLYFADA, Greece, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Globus Maritime Limited (“Globus” or the “Company”), (NASDAQ: GLBS), a dry bulk shipping company, announced the results of its annual meeting of shareholders, held earlier today in Glyfada, Greece.
  • The following proposals were approved and adopted at the meeting:
    the election of Mr. Athanasios Feidakis and Mr. Ioannis Kazantzidis as Class I directors of the Company, to serve until the 2026 Annual Meeting of Shareholders;
    the appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A., as the Company’s independent auditors for the fiscal year ending December 31, 2023;
    one or more amendments to the Company’s Articles of Incorporation to effect one or more reverse stock splits of the Company’s issued and outstanding shares of common stock and Series B preferred shares by an aggregate ratio of not more than one-for-20, with the exact ratio to be set at a whole number to be determined by the Company’s Board of Directors or a committee thereof in its discretion, at any time or times after approval of the amendments, and to authorize the Company’s Board of Directors to implement one or more reverse stock splits by filing one or more amendments with the Registrar of Corporations of the Republic of the Marshall Islands.

Global Fishing Watch and Palau Enter Partnership to Enhance Transparency in Fisheries Sector

Retrieved on: 
Thursday, September 21, 2023

NEW YORK, U.S., Sept. 21, 2023 (GLOBE NEWSWIRE) -- Global Fishing Watch welcomes a new partnership with Palau that aims to strengthen sustainable fisheries management and promote transparency as a principle of ocean governance.

Key Points: 
  • NEW YORK, U.S., Sept. 21, 2023 (GLOBE NEWSWIRE) -- Global Fishing Watch welcomes a new partnership with Palau that aims to strengthen sustainable fisheries management and promote transparency as a principle of ocean governance.
  • “By making our vessel tracking data publicly available on the Global Fishing Watch map , we hope to increase transparency and accountability of fishing activities in our waters,” said the Honorable Steven Victor, Minister of Agriculture, Fisheries, and the Environment, Palau.
  • “This partnership underscores our mutual commitment to combating illegal fishing while also signaling transparency as a powerful tool in driving responsible fishing practices.
  • Global Fishing Watch is an international nonprofit organization dedicated to advancing ocean governance through increased transparency of human activity at sea.

Global Centre for Climate Mobility: World leaders rally for immediate action to address existential threats posed by sea-level rise to Pacific countries

Retrieved on: 
Thursday, September 21, 2023

NEW YORK, Sept. 21, 2023 /PRNewswire/ -- Recognizing the urgency of addressing the existential threats of sea-level rise, today a group of champion countries convened a "Summit on Addressing the Existential Threats posed by Sea-level Rise" to press forward with immediate global action.

Key Points: 
  • NEW YORK, Sept. 21, 2023 /PRNewswire/ -- Recognizing the urgency of addressing the existential threats of sea-level rise, today a group of champion countries convened a "Summit on Addressing the Existential Threats posed by Sea-level Rise" to press forward with immediate global action.
  • Heads of State, ministers and senior officials gathered to pledge support for concrete action to address these threats.
  • At the Summit, leaders committed to address the threats posed by sea-level rise, including through the formation of a new Coalition to build momentum and press for urgent global action.
  • "This Summit is an opportunity to accelerate global action to urgently address the threats of sea-level rise," said Prof. Kamal Amakrane, Managing Director of the Global Centre for Climate Mobility."

Global Centre for Climate Mobility: World leaders rally for immediate action to address existential threats posed by sea-level rise to Pacific countries

Retrieved on: 
Thursday, September 21, 2023

NEW YORK, Sept. 21, 2023 /PRNewswire/ -- Recognizing the urgency of addressing the existential threats of sea-level rise, today a group of champion countries convened a "Summit on Addressing the Existential Threats posed by Sea-level Rise" to press forward with immediate global action.

Key Points: 
  • NEW YORK, Sept. 21, 2023 /PRNewswire/ -- Recognizing the urgency of addressing the existential threats of sea-level rise, today a group of champion countries convened a "Summit on Addressing the Existential Threats posed by Sea-level Rise" to press forward with immediate global action.
  • Heads of State, ministers and senior officials gathered to pledge support for concrete action to address these threats.
  • At the Summit, leaders committed to address the threats posed by sea-level rise, including through the formation of a new Coalition to build momentum and press for urgent global action.
  • "This Summit is an opportunity to accelerate global action to urgently address the threats of sea-level rise," said Prof. Kamal Amakrane, Managing Director of the Global Centre for Climate Mobility. "