Strait

Maritime power shapes the world order – and is undergoing a sea change

Retrieved on: 
Thursday, February 8, 2024

Controlling the global ocean enables the projection of military power all over the world, as well as securing the free flow of goods at sea.

Key Points: 
  • Controlling the global ocean enables the projection of military power all over the world, as well as securing the free flow of goods at sea.
  • The prosperity and security of trading nations strongly depend on the stability of the global maritime supply chain and thus on freedom of navigation.
  • Houthi attacks on commercial shipping in the Red Sea have incurred substantial costs for the global economy.
  • Together with Kyiv’s efficient use of missiles and drones against Russia’s Black Sea Fleet, it limited Russia’s ability to disrupt Ukraine’s maritime trade.

Power projection

  • Western dominance has always relied on its ability to project military power across the globe via the sea.
  • This raises questions about the west’s ability to project power and forces into contested theatres such as the Taiwan Strait because they’d be vulnerable to attack from the Chinese mainland.
  • In the Indo-Pacific, China has been developing capabilities to counter US projection forces.

Civilian seapower

  • This explains China’s balanced stance on the Red Sea crisis and reports that Beijing has been pressuring Iran to bring the Houthis under control.
  • But at the same time, China is using its commercial and financial assets to peacefully, though proactively, extend its maritime power.
  • Elsewhere, in the South China Sea, Beijing has mastered the art of blurring the boundaries between civilian, military and legal means and objectives – this is defined as “grey zone” tactics.

For whosoever command the sea…

  • Sir Walter Raleigh’s old dictum: “For whosoever commands the sea commands the trade; whosoever commands the trade of the world commands the riches of the world, and consequently the world itself” has until recently characterised the western, liberal world order.
  • Seapower proceeds from a combination of naval and commercial maritime assets and isn’t limited to the west.
  • This might open the doors for a new, illiberal world order, most likely one that is dominated by China.


Basil Germond does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Philip R. Lane: Interview with Corriere della Sera

Retrieved on: 
Friday, January 19, 2024

Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability.

Key Points: 
  • Bank market power, both in the loan and deposit market, has important implications for credit provision and for financial stability.
  • This article discusses these issues through the lens of a simple theoretical framework.

University of Washington Student Receives SBB Research Group Foundation STEM Scholarship

Retrieved on: 
Friday, September 8, 2023

CHICAGO, Sept. 8, 2023 /PRNewswire-PRWeb/ -- The SBB Research Group Foundation named Leah Davis a recipient of its STEM scholarship. The $2,500 award empowers students to create value for society by pursuing higher learning through interdisciplinary combinations of Science, Technology, Engineering, and Mathematics (STEM).

Key Points: 
  • CHICAGO, Sept. 8, 2023 /PRNewswire-PRWeb/ -- The SBB Research Group Foundation named Leah Davis a recipient of its STEM scholarship.
  • Leah Davis, a senior, studies marine biology at the University of Washington.
  • Her contributions to research studying the myostatin gene pathway in salmonids provided implications for how to best facilitate aquaculture.
  • We're thrilled to support her in her efforts," said Matt Aven, co-founder and board member of the SBB Research Group Foundation.

International Soccer Academy and LA LIGA's Cádiz CF Sign Deal to Develop Talented Soccer Players

Retrieved on: 
Thursday, August 10, 2023

NEW YORK, Aug. 10, 2023 /PRNewswire/ -- International Soccer Academy, America's top organization committed to providing young soccer talent authentic training inside leading professional clubs in Europe, proudly announces its new strategic partnership with La Liga's Cádiz CF, the esteemed Spanish football club.

Key Points: 
  • Cádiz CF and International Soccer Academy Launch Residential Youth Soccer Academy in Cadiz, Spain
    NEW YORK, Aug. 10, 2023 /PRNewswire/ -- International Soccer Academy , America's top organization committed to providing young soccer talent authentic training inside leading professional clubs in Europe, proudly announces its new strategic partnership with La Liga 's Cádiz CF , the esteemed Spanish football club.
  • In 2021, International Soccer Academy announced its partnership with FC Schalke 04 and in 2022, the partnership with Hertha BSC .
  • Now, proud to offer an Integrated Academy in coastal Spain, International Soccer Academy continues to expand options for youth soccer in Europe.
  • Aspiring soccer players born in 2006 and 2007 will have the opportunity to apply at International Soccer Academy 's website.

Webuild, Cohesion Policy-funded Braila Bridge in Romania inaugurated today

Retrieved on: 
Friday, July 7, 2023

MILAN, Italy, July 07, 2023 (GLOBE NEWSWIRE) -- One of the biggest Cohesion Policy-funded projects, the Braila Bridge in Romania, was inaugurated today.

Key Points: 
  • MILAN, Italy, July 07, 2023 (GLOBE NEWSWIRE) -- One of the biggest Cohesion Policy-funded projects, the Braila Bridge in Romania, was inaugurated today.
  • The EU’s contribution to this project amounts to €363 million from Cohesion Policy funds.
  • Due to the length of its central span, Braila represents a 1:3 scale model of the bridge that will finally unite Sicily and Calabria.
  • The two banks of the Danube in south-eastern Romania are now connected by the newly completed Braila Bridge, the longest bridge in the country with a total length of 1,975 metres and the second longest suspension bridge in continental Europe, with a central span of 1,120 metres.

transport logistic Southeast Asia bringing the global industry together at the number one logistics hotspot

Retrieved on: 
Tuesday, May 16, 2023

Singapore, May 16, 2023 - (ACN Newswire) - Messe München is hosting the first multimodal logistics trade fair in Singapore, the transport logistic and air cargo Southeast Asia.

Key Points: 
  • Singapore, May 16, 2023 - (ACN Newswire) - Messe München is hosting the first multimodal logistics trade fair in Singapore, the transport logistic and air cargo Southeast Asia.
  • Asok Kumar, EVP Global Air Freight at DB Schenker, also sees enormous potential: "Southeast Asia is a playing field for new business opportunities in logistics.
  • "Singapore is the gateway to the greater Southeast Asia region and the most dynamic and exciting hotspot for transport and logistics right now.
  • By offering transport logistic and air cargo Southeast Asia, we are creating a platform for shippers and transport and logistics service providers to develop and expand their business in the region.

transport logistic Southeast Asia bringing the global industry together at the number one logistics hotspot

Retrieved on: 
Tuesday, May 9, 2023

SINGAPORE, May 9, 2023 - (ACN Newswire) - Messe München is hosting the first multimodal logistics trade fair in Singapore, the transport logistic and air cargo Southeast Asia.

Key Points: 
  • SINGAPORE, May 9, 2023 - (ACN Newswire) - Messe München is hosting the first multimodal logistics trade fair in Singapore, the transport logistic and air cargo Southeast Asia.
  • Running from November 1 to 3, 2023, the event will be the most influential meeting place for logistics, mobility, IT, and supply chain management in Southeast Asia.
  • "Singapore is the gateway to the greater Southeast Asia region and the most dynamic and exciting hotspot for transport and logistics right now.
  • By offering transport logistic and air cargo Southeast Asia, we are creating a platform for shippers and transport and logistics service providers to develop and expand their business in the region.

LMN Architects Celebrates the Construction Progress of the Field Arts & Events Hall at the Port Angeles Waterfront Center

Retrieved on: 
Tuesday, May 2, 2023

Seattle, May 02, 2023 (GLOBE NEWSWIRE) -- LMN Architects is pleased to celebrate the construction progress of the Field Arts & Events Hall in Port Angeles, Washington.

Key Points: 
  • Seattle, May 02, 2023 (GLOBE NEWSWIRE) -- LMN Architects is pleased to celebrate the construction progress of the Field Arts & Events Hall in Port Angeles, Washington.
  • The Field Arts & Events Hall, located at the Port Angeles Waterfront Center, is a performing arts space and community gathering place on the city’s waterfront.
  • Adjacent to historic downtown Port Angeles, the building will support numerous local community arts organizations while aspiring to enhance the broader creative and cultural community.
  • Julie Adams, Partner, comments: “Community developments like the new Field Arts & Events Hall are important civic projects that bring people together.

Government of Canada announces protection measures for Southern Resident killer whales

Retrieved on: 
Wednesday, April 26, 2023

An agreement with local whale watching and ecotourism industry partners to abstain from offering or promoting tours viewing Southern Resident killer whales.

Key Points: 
  • An agreement with local whale watching and ecotourism industry partners to abstain from offering or promoting tours viewing Southern Resident killer whales.
  • The effective protection and recovery of the Southern Resident killer whale requires long-term, collective commitment from the Government of Canada and other partners.
  • That's why, for the fifth straight year, we are putting in place protective measures to help protect Southern Resident killer whales.
  • Canada's Oceans Protection Plan , Whales Initiative , and an additional federal investment of $61.5 million are supporting the survival and recovery of Southern Resident killer whales, North Atlantic right whales, and St. Lawrence Estuary belugas by implementing protection measures, increasing research, and monitoring activities and taking action to address key threats.

Press release - MEPs call for clarity and unity in policy on China

Retrieved on: 
Tuesday, April 18, 2023

EU Foreign Policy Chief Josep Borrell stressed the need for a united EU approach to China.

Key Points: 
  • EU Foreign Policy Chief Josep Borrell stressed the need for a united EU approach to China.
  • China is not Russia; it is a superpower that is growing, especially in the global south.
  • When it comes to China, there are four areas of particular interest: EU values, economic security, Taiwan and Ukraine, he concluded.
  • We cannot be confrontational, but our policy should be based on reciprocity, mutual respect and respect of international law, they said.