Western Pacific – IFAWPCA http://ifawpca.org/ Thu, 26 May 2022 14:05:18 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://ifawpca.org/wp-content/uploads/2021/06/icon-1-150x150.png Western Pacific – IFAWPCA http://ifawpca.org/ 32 32 Japan and the United States fly fighters after a Chinese exercise and North Korean missiles https://ifawpca.org/japan-and-the-united-states-fly-fighters-after-a-chinese-exercise-and-north-korean-missiles/ Thu, 26 May 2022 12:33:13 +0000 https://ifawpca.org/japan-and-the-united-states-fly-fighters-after-a-chinese-exercise-and-north-korean-missiles/ TOKYO– Japanese and U.S. forces conducted a joint fighter jet flight over the Sea of ​​Japan, the Japanese military said Thursday, in apparent response to a joint Russian-Chinese bomber flight as U.S. President Joe Biden was in Tokyo. Wednesday’s joint Japan-US flight involved eight Japan-based fighter jets, including four US F-16 fighters and four Japanese […]]]>

TOKYO– Japanese and U.S. forces conducted a joint fighter jet flight over the Sea of ​​Japan, the Japanese military said Thursday, in apparent response to a joint Russian-Chinese bomber flight as U.S. President Joe Biden was in Tokyo.

Wednesday’s joint Japan-US flight involved eight Japan-based fighter jets, including four US F-16 fighters and four Japanese F-15s, the Japan Self-Defense Forces Joint Staff said.

The joint flight was aimed at confirming the combined capabilities of the two armies and further strengthening the Japan-US alliance, he said in a statement.

The flight came hours after North Korea fired three missiles, including an intercontinental ballistic missile, towards the sea between the Korean peninsula and Japan, amid concerns about another nuclear test by the North. The missiles fell in waters outside Japan’s exclusive economic zone.

Chinese and Russian strategic bombers conducted joint flights near Japan on Tuesday, the Japanese Defense Ministry said. Biden was meeting with Japanese Prime Minister Fumio Kishida and their Indian and Australian counterparts for the Quad, an Indo-Pacific security and economic coalition meant to counterbalance China’s growing influence in the region.

Chinese H-6 bombers joined Russian TU-95s over the Sea of ​​Japan and flew to areas over the East China Sea, but did not violate Japanese airspace, it said. said Japanese Defense Minister Nobuo Kishi. Separately, a Russian IL-20 reconnaissance aircraft was spotted flying off the northern coast of Japan.

The joint Sino-Russian flight represented an “increased level of provocation” and a threat to the Quad, Kishi said.

China said the flights were over the Sea of ​​Japan, the East China Sea and the Western Pacific. Defense Ministry spokesman Wu Qian said it was a “routine joint strategic air patrol” that has been carried out four times since 2019.

“This operation does not target a third party and has nothing to do with the current international and regional situation,” he said in a video statement posted on the Defense Ministry website on Wednesday.

———

Associated Press writer Ken Moritsugu in Beijing contributed to this report.

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Investigation: USS Connecticut grounding in South China Sea, result of lax oversight and poor planning https://ifawpca.org/investigation-uss-connecticut-grounding-in-south-china-sea-result-of-lax-oversight-and-poor-planning/ Tue, 24 May 2022 21:49:00 +0000 https://ifawpca.org/investigation-uss-connecticut-grounding-in-south-china-sea-result-of-lax-oversight-and-poor-planning/ USS Connecticut (SSN-22) Sea Wolf-class nuclear attack submarine departing San Diego, Calif., December 15, 2021. San Diego WebCam Photo More than two years of lax oversight from the leadership of one of the US Navy’s most powerful submarines ultimately led to the attack boat’s grounding on an uncharted seamount in the South China Sea. south, […]]]>

USS Connecticut (SSN-22) Sea Wolf-class nuclear attack submarine departing San Diego, Calif., December 15, 2021. San Diego WebCam Photo

More than two years of lax oversight from the leadership of one of the US Navy’s most powerful submarines ultimately led to the attack boat’s grounding on an uncharted seamount in the South China Sea. south, according to an investigation into the Oct. 2 incident.

USS Connecticut (SSN-22) was five months into a peak deployment at the request of the US Indo-Pacific Command in the Western Pacific when the nuclear attack boat ran aground on the seamount as the The submarine was moving at high speed in poorly charted waters, according to the October 29, 2021 command inquiry overseen by Director of Maritime Headquarters for the U.S. Pacific Fleet, Rear Admiral Christopher Cavanaugh. The investigation was made public on Monday.

Heavily redacted report cites pattern of uneven oversight and poor command climate from elders Connecticut Commanding Cmdr. Cameron Aljilani set the boat’s performance conditions the day it ran aground on the seamount in the South China Sea.

“No action or inaction caused this accident, but it was preventable. It was the result of an accumulation of errors and omissions in the planning of the navigation, the execution of the surveillance team and the management of the risks, Cavanaugh wrote.

“Careful decision-making and adherence to standards in any of these three areas could have prevented grounding,”

The report also describes a high operational tempo for the attack boat which spent 67% of its last two and a half years away from its homeport of Bremerton, Wash., during Aljilani’s 784 days in command.

In the hours before the grounding, the crew had several opportunities to prevent the incident but ignored warnings that the boat was in danger, Cavanaugh wrote.

Grounding

The USS Connecticut (SSN-22) arrives at Fleet Activities Yokosuka, Japan for a scheduled port visit July 31, 2021. US Navy photo

October 2, Connecticut was moving at high speed in the South China Sea towards Okinawa for a humanitarian evacuation when the grounding occurred. Speed ​​and location information has been removed from the report, but a reference in the footnotes to the survey gives unclassified performance statistics for the equipment at 24 knots – over 27 miles a ‘hour.

Although the details are not contained in the unredacted parts of the report, HUMEVACs to get a crew member off the boat occur for a variety of reasons, including family emergencies.

On October 1, Aljilani, executive officer, Lt. Cmdr. Patrick Cashin, ship’s chief Cory Rodgers, assistant navigator, armament officer, ship’s engineer, operations officer and others had a planning meeting for the new voyage plan which charted a temporary evacuation route.

“A temporary route may be used at the discretion of the commanding officer, provided the vessel is operating on an approved NAVPLAN and has a process for temporary route evaluation and approval,” the inquest said.
“The commander did not carry out a detailed review of the route.”

To meet the mission, the crew plotted a course through regions that were not fully charted, and the navigator and the ship’s management had conflicting ideas as to their understanding of the route.

For example, Aljilani mistakenly believed the route was covered by a classified navigation tool that provides submarine crews with a hyper-accurate understanding of subterranean geography, according to the report.

“The Navigation Review Team, including the Commanding Officer, incorrectly assessed that Connecticut would work in an open ocean environment,” the report read.

“They should have recognized that the vessel would be in restricted waters based on the predicted track passing close to multiple navigational hazards.”

While underway on the road, the crew took continuous readings with the onboard fathometer, which measures the depth of water below the keel. The soundings are used by the crew to compare the water depth on the charts with the actual depth under the keel.

Less than an hour before the grounding, the quartermaster of the watch began to see depths that did not line up with the planned course of the submarine. The quartermaster of the watch informed the mate of the inconsistencies with the plotted route. Neither the OOD nor the quartermaster informed Aljilani of the discrepancy between the fathometer soundings and the map.

Closer to the time of the grounding, the quartermaster began to get shallower readings and informed the OOD.

“The OOD said it was concerned about the shallower-than-expected polling, but did not assess the need for aggressive action,” the report read.
“The OOD did not consider ordering a lower gear.”

Seconds before the collision, “The Sonar Supervisor identified a track near the bow. The trace was classified as [an animal]. The sonar supervisor said there were no further contacts,” the report read.

Then Connecticut based on the seamount. Eleven crew members suffered minor injuries from the impact and the boat lost its radar dome while in transit to Guam. A Naval Sea Systems Command assessment after the submarine was placed in drydock in February found that the damage “is located in the bow of the ship and the lower part of the rudder”.

Aljilani, XO Cashin and COB Rodgers were promptly removed from their positions and issued letters of reprimand following the conclusion of the Oct. 29 investigation, USNI News reported at the time.

In his Nov. 29 endorsement of the investigation, the commander of the U.S. 7th Fleet, Vice Admiral Karl Thomas, wrote that he had additionally issued letters of reprimand for the navigator, assistant navigator engineer and the OOD at the time of the grounding and removed them from their roles on the vessel. He also reprimanded and fired the chief technician in electronics, submarine, navigation.

Problems before the collision

Cmdt. Cameron Aljilani, of Anaheim, Calif., speaks during a change of command ceremony for the Seawolf-class fast-attack submarine USS Connecticut (SSN-22) held at US Naval Undersea Museum, Keyport, Washington. US Navy Photo

Since taking command of the attack boat in August 2019 until the grounding, Aljilani had been advised on three occasions for leadership issues by the commodore of the submarine squadron who oversaw the three Seawolf-class nuclear attack submarines, according to the investigation.

A little less than a year into his work, Aljilani was advised via a performance letter from the commanding officer of Underwater Development Squadron Five, Captain Lincoln Reifsteck. “The letter addressed ‘inadequate oversight, ineffective accountability practices and superficial self-evaluation,'” the survey read.

In February, Reifsteck sent a letter of instructions to Aljilani “directing him to address the command’s overall performance, lack of improvement, and reluctance to accept feedback.”

During pre-deployment training, Connecticut struck a dock in Point Loma, California on April 14, 2021, triggering a separate command investigation and a safe boating ban for the boat.

The investigating officer recommended ‘disciplinary action for dereliction of duty’ for Aljilani, Cashin, Rodgers, the mate at the time of the pier allition and both the navigator and assistant navigator, according to the stranding investigation.

Reifsteck opted to override the officer’s recommendation, believing that “although this investigation revealed degraded standards of navigation, planning, lack of seamanship and ineffective command and control, it represented abnormal performance and not a systematic failure… I observed a safe landing from the deck of USS Connecticut on May 13, 2021, indicating proper crew consideration and training.

Reifsteck handed over command of DEVRON 5 a week later.

Former submariner Bryan Clark, a senior fellow at the Hudson Institute who reviewed the grounding investigation, said one of the commodore’s interventions would have been career-ending disciplinary action at a other context.

“Normally I would expect the guy to get fired,” Clark said.
“I am very surprised that he was kept on as commander with these obvious issues.”

May 21, 2021, Commander Submarine Forces Pacific Rear. Recommended Jeffery Jabalon Connecticut be deployed and on May 24, 2021, Vice Admiral Scott Conn, then commander of the U.S. 3rd Fleet, certified the boat ready for deployment, according to the report.

Connecticut departed for her reinforcement deployment on 27 May.

Asset in high demand

Fast attack submarine USS Seawolf (SSN-21) surfaces through Arctic ice at the North Pole July 30, 2015. US Navy Photo

Connecticut is one of three Seawolf-class (SSN-21) submarines designed at the end of the Cold War to hunt Soviet submarines in blue waters.

Seawolfs are faster, can dive deeper than the Navy’s Los Angeles and Virginia class attack boats, and have a weapons room that can hold dozens of torpedoes. All three boats are among the most heavily armed ships in the fleet and are in high demand.

According to the investigation, in the 784 days that Aljilani was at the helm of Connecticut 527 days have been spent away from Connecticut homeport in Bremerton, Wash., a much higher rate than your typical submarine, Bryan Clark of the Hudson Institute told USNI News.

Even though some of that time was spent training in San Diego, the rate is more than double the running average of a typical attack submarine, which typically has a six-month deployment every two years, Clark said.

One of the reasons the attack boat can have a higher operational tempo is that in its first decade, Connecticut served as parts supplier for the other two boats of the class – USS Sea bass (SSN-21) and the heavily modified USS Jimmy Carter (SSN-23) – and hasn’t deployed often, according to USNI News. As a result, Connecticut has excess reactor capacity that will outlast the useful life of the hull, making it a good candidate for surge deployments.

“They didn’t deploy very frequently for the first ten years,” Clark said.
“Now we are making up for lost time.”

The collision damage removed an important submarine asset from the Navy’s arsenal.

According to the Naval Sea Systems Command, Connecticut will begin repairs in February as part of an extended drydock repair period Puget Sound Naval Shipyard & Intermediate Maintenance Facility

“Availability planning is underway and the Navy has not yet determined whether damage repairs can be executed concurrently with routine [repair period] or if Connecticut will require a longer drydock period. The cost of repairing the damage is being calculated,” read a statement from NAVSEA.

NAVSEA did not provide a time estimate for completion of the work.

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Gerald Ratcliff | Obituaries | charkoosta.com https://ifawpca.org/gerald-ratcliff-obituaries-charkoosta-com/ Mon, 23 May 2022 05:15:00 +0000 https://ifawpca.org/gerald-ratcliff-obituaries-charkoosta-com/ Gerald “Jerry” Ratcliff, died suddenly on May 1 in Grand Coulee, Washington. He is predeceased by his mother, Rosie Jean (Hawkins), his father Howard Ratcliff and his first wife Lynda (Palmenteer). He is survived by his wife Vicki Lynn and son Kyle, daughters Alexes and Jerilyn (Matt), grandchildren Aliah and Shaden and brother Ron (Brenda). […]]]>






Gerald “Jerry” Ratcliff, died suddenly on May 1 in Grand Coulee, Washington. He is predeceased by his mother, Rosie Jean (Hawkins), his father Howard Ratcliff and his first wife Lynda (Palmenteer). He is survived by his wife Vicki Lynn and son Kyle, daughters Alexes and Jerilyn (Matt), grandchildren Aliah and Shaden and brother Ron (Brenda).

Jerry was born in 1950 in St. Ignatius, MT and was a proud member of CSKT. He grew up in Plains, Montana, where he excelled in all outdoor sports. A Navy veteran, he served as an aviation electrician assigned to an A-6 “Intruder” squadron stationed at Naval Air Station Whidbey Island, WA. During his time in the Navy, he embarked with his squadron in the aircraft carrier USS RANGER during which he carried out two combat deployments in the Western Pacific during the Vietnam War.

After parting ways with the Navy, Jerry made a career with the Bonneville Power Administration as a lineman working on the high voltage electrical transmission wires that came out of the many hydroelectric dams on the Columbia River. His work took him all over the Northwest and he took great pride in the work he did at heights that often exceeded several hundred feet above the ground. After retiring in 2005, he regained his green thumb and enjoyed spending hours in his garden tending to all kinds of vegetables. He enjoyed fishing as well as watching college football and NASCAR racing. For those who knew him, he was, like his father, a great storyteller with a wry sense of humor who enjoyed recounting his colorful exploits as a youngster growing up in western Montana, as “Fleet Sailor”, and later as hard. -Hardworking and hard-working lineman.

A life service celebration will be held at a later date.

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Zacks Investment Research puts McCormick & Company, Incorporated (NYSE:MKC) to “buy” https://ifawpca.org/zacks-investment-research-puts-mccormick-company-incorporated-nysemkc-to-buy/ Sat, 21 May 2022 13:49:52 +0000 https://ifawpca.org/zacks-investment-research-puts-mccormick-company-incorporated-nysemkc-to-buy/ McCormick & Company, Incorporated (NYSE: MKC – Get a rating) has been upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday, Zacks.com reports. The brokerage currently has a target price of $95.00 on the stock. Zacks Investment ResearchThe price target for the stock indicates upside […]]]>

McCormick & Company, Incorporated (NYSE: MKC – Get a rating) has been upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday, Zacks.com reports. The brokerage currently has a target price of $95.00 on the stock. Zacks Investment ResearchThe price target for the stock indicates upside potential of 6.22% from the current stock price.

According to Zacks, “McCormick’s shares have outperformed the industry over the past six months. The company is capitalizing on healthy and great-tasting cuisine, increased digital engagement and goal-oriented practices. The robust recovery in demand These factors drove first-quarter fiscal 2022 revenue, which increased year-over-year and topped Zacks’ consensus estimate. strategically increased its presence through acquisitions to grow its portfolio Management is optimistic about its innovation pipeline for 2022. However, McCormick’s gross profit margin contracted 220 bps basis (bps) thanks to higher cost inflation in the quarter. The company faces numerous supply chain hurdles. That said, McCormick is on track to counter pressure i inflationary through various prices and cost savings. Shares.”

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A number of other analysts have also recently released reports on MKC. StockNews.com began covering shares of McCormick & Company, Incorporated in a report on Thursday, March 31. They set a “hold” rating for the company. Argus upgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a price target of $112.00 for the company in a Thursday, Feb. 17 research report. They noted that the move was a review call. Finally, Deutsche Bank Aktiengesellschaft raised its price target on shares of McCormick & Company, Incorporated from $96.00 to $99.00 in a Wednesday, March 30 research report. Four equity research analysts gave the stock a hold rating and two gave the stock a buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $99.00.

NYSE: MKC opened at $89.44 on Friday. The company’s fifty-day moving average is $99.36 and its 200-day moving average is $95.33. The company has a debt ratio of 0.86, a quick ratio of 0.32 and a current ratio of 0.73. McCormick & Company, Incorporated has a 52 week minimum of $77.85 and a 52 week maximum of $107.35. The company has a market capitalization of $23.98 billion, a P/E ratio of 32.29, a P/E/G ratio of 4.74 and a beta of 0.45.

McCormick & Company, Incorporated (NYSE: MKC – Get a rating) last released its results on Tuesday, March 29. The company reported earnings per share (EPS) of $0.63 for the quarter, beating the consensus estimate of $0.62 by $0.01. McCormick & Company, Incorporated achieved a net margin of 11.77% and a return on equity of 18.00%. The company posted revenue of $1.52 billion for the quarter, compared to analysts’ estimates of $1.47 billion. In the same period a year earlier, the company earned earnings per share of $0.72. McCormick & Company, Incorporated revenue increased 2.8% year over year. As a group, sell-side analysts expect McCormick & Company, Incorporated to post earnings per share of 3.17 for the current year.

In other news, CFO Michael R. Smith sold 19,986 shares of the company in a trade dated Wednesday, April 20. The shares were sold at an average price of $104.04, for a total transaction of $2,079,343.44. Following the completion of the sale, the CFO now owns 93,025 shares of the company, valued at approximately $9,678,321. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. 15.90% of the shares are held by insiders.

Institutional investors have recently increased or reduced their stake in the stock. Tcwp LLC purchased a new position in McCormick & Company, Incorporated stock during Q1 worth approximately $28,000. Western Pacific Wealth Management LP increased its stake in McCormick & Company, Incorporated by 50.0% in the first quarter. Western Pacific Wealth Management LP now owns 300 shares of the company worth $29,000 after purchasing an additional 100 shares during the period. First National Bank of South Miami increased its stake in McCormick & Company, Incorporated by 843.8% in the fourth quarter. First National Bank of South Miami now owns 302 shares of the company worth $29,000 after purchasing an additional 270 shares during the period. Confluence Wealth Services Inc. bought a new stock position in McCormick & Company, Incorporated during the fourth quarter, valued at $29,000. Finally, Riverview Trust Co bought a new position in shares of McCormick & Company, Incorporated during the first quarter at a value of $31,000. 74.86% of the shares are held by institutional investors.

About McCormick & Company, Incorporated (Get a rating)

McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning blends, condiments and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs and seasonings, as well as condiments and sauces and desserts.

Read more

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This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

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WHO warns of covid surge in PNG election https://ifawpca.org/who-warns-of-covid-surge-in-png-election/ Thu, 19 May 2022 21:32:41 +0000 https://ifawpca.org/who-warns-of-covid-surge-in-png-election/ A health expert warns of a rise in Covid-19 cases if people fail to adhere to screening measures during Papua New Guinea’s July elections. Anup Gurung, of the World Health Organization’s PNG office, said a new wave would put vulnerable people at risk of developing serious illness, being hospitalized and dying. Photo: WHO Dr Gurung […]]]>

A health expert warns of a rise in Covid-19 cases if people fail to adhere to screening measures during Papua New Guinea’s July elections.

Anup Gurung, of the World Health Organization’s PNG office, said a new wave would put vulnerable people at risk of developing serious illness, being hospitalized and dying.


Photo: WHO

Dr Gurung says the Delta surge last year increased mortality in vulnerable groups.

He says that due to low testing rates in the country, fewer cases of the latest Omicron variant have been reported, although there was high community transmission from January to February.

Dr Gurung expects all provinces to have the Omicron variant by June and he urges young people to be careful of the elderly and to be careful at campaign rallies.

He said one person with Covid-19 could infect at least three to five people.

He said while gatherings were unavoidable, people should take precautions such as wearing masks, hand sanitizing and vaccinations.

Only 30% of health workers in PNG were vaccinated and the country had the lowest Covid-19 vaccination coverage in the Western Pacific region.

Nominations for Papua New Guinea’s general election opened Thursday morning after a week’s delay due to the death of Deputy Prime Minister Sam Basil.

The nomination window ends Thursday, May 26.

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Force majeure on Gas Transmission Northwest to limit gas inflows from Western Canada into PNW https://ifawpca.org/force-majeure-on-gas-transmission-northwest-to-limit-gas-inflows-from-western-canada-into-pnw/ Tue, 17 May 2022 21:21:00 +0000 https://ifawpca.org/force-majeure-on-gas-transmission-northwest-to-limit-gas-inflows-from-western-canada-into-pnw/ Strong points Flow Past Kingsgate limited to 1.79 Bcf/d GTN, Kingsgate discount widens over 30 cents Strong BPA hydroelectric production could mitigate the impact An unplanned outage of the Gas Transmission Northwest pipeline system will limit flows past Kingsgate for the foreseeable future, the pipeline operator said, limiting natural gas inflows from Western Canada into […]]]>
Strong points

Flow Past Kingsgate limited to 1.79 Bcf/d

GTN, Kingsgate discount widens over 30 cents

Strong BPA hydroelectric production could mitigate the impact

An unplanned outage of the Gas Transmission Northwest pipeline system will limit flows past Kingsgate for the foreseeable future, the pipeline operator said, limiting natural gas inflows from Western Canada into the Pacific Northwest and increasing the GTN in cash, the Kingsgate discount to cash out Henry Hub.

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Gas Transmission Northwest declared force majeure late in the afternoon of May 16, after the close of the daily trading session. The pipeline experienced an unexpected compressor station failure at Station 3 near the Canada-US border, according to a critical advisory released that day.


Flows beyond Kingsgate will be limited to 1.79 Bcf/d from May 17 until further notice, down from full operating capacity of around 2.65-2.7 Bcf/d. Kingsgate is one of the two main routes for bringing gas south into the Pacific Northwest from western Canada.

Impact on prices

GTN, Kingsgate spot gas saw its discount to cash out Henry Hub explode to $1.86 during May 17 trading, according to preliminary settlement data from Platts. GTN, Kingsgate fell 6.50 cents to $6.36/MMBtu in preliminary settlement, while many other regional spot gas prices saw gains of 20-35 cents.


The constraint limiting the ability to export gas to the United States was reflected in other gas spot prices in Canada. Cash Westcoast Station 2 also saw its gap with cash Henry Hub widen, trading at 29 cents Canadian at C$6.82/GJ on the Intercontinental Exchange on the afternoon of May 17.

Kingsgate’s flow restrictions also helped push up spot gas prices in California and the Southwest, which saw increases of 35 to 65 cents in preliminary settlement on May 17. Pipeline naming data shows gas deliveries to Gas Transmission Northwest’s Pacific Gas & Electric system fell by 165 MMcf on May 17, increasing California’s reliance on inflows from the Rockies and the Permian Basin.

Prior to the unplanned outage, Gas Transmissions Northwest had scheduled maintenance work for most of May that was expected to limit flows past Kingsgate to 2.12 Bcf/d from May 7-28. The constraint has helped widen GTN, Kingsgate’s spread to cash out Henry Hub at an average discount of $1.43 so far in May, double the average discount of 71 cents in April.

Outlook

The price impact of Kingsgate’s flow restrictions could be partially mitigated by stronger hydroelectric generation in the Pacific Northwest, although forecast colder temperatures could boost residential and commercial demand.

Hydroelectric generation in the Bonneville Power Administration’s footprint has increased significantly recently, averaging 195 GW/d over the past seven days (May 10-16), compared to 144 GW/d over the previous seven days ( May 3-9). Hydropower generation to date has averaged 180 GW/d, compared to 164 GW/d in the same period of 2021. Drawn power generation demand.

The National Weather Service forecast below normal temperatures for Washington, Idaho and Montana in its six-to-10-day outlook, with colder weather spreading south to include Oregon in the eight-to-14 day outlook. days.

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Blackstone Inc. (NYSE:BX) Receives Average Analyst Rating of “Hold” https://ifawpca.org/blackstone-inc-nysebx-receives-average-analyst-rating-of-hold/ Mon, 16 May 2022 08:52:01 +0000 https://ifawpca.org/blackstone-inc-nysebx-receives-average-analyst-rating-of-hold/ Blackstone Inc. Shares (NYSE: BX – Get a rating) received a consensus rating of “Hold” from the thirteen brokerages that cover the business, market beat reports. Seven research analysts gave the stock a hold rating and six gave the company a buy rating. The 12-month average price target among analysts who have updated their coverage […]]]>

Blackstone Inc. Shares (NYSE: BXGet a rating) received a consensus rating of “Hold” from the thirteen brokerages that cover the business, market beat reports. Seven research analysts gave the stock a hold rating and six gave the company a buy rating. The 12-month average price target among analysts who have updated their coverage of the stock over the past year is $139.73.

Several research companies have recently weighed in on BX. Exane BNP Paribas downgraded Blackstone from an “outperform” rating to a “neutral” rating in a Thursday, April 7 research rating. BNP Paribas downgraded Blackstone from an “outperform” rating to a “neutral” rating and set a price target of $135.00 for the stock. in a research note on Thursday, April 7. Jefferies Financial Group reaffirmed a “buy” rating and posted a $155.00 price target on Blackstone shares in a research note on Wednesday, April 13. Bank of America raised its price target on Blackstone from $172.00 to $180.00 and gave the company a “buy” rating in a Friday, April 22 research note. Finally, Morgan Stanley cut its price target on Blackstone from $166.00 to $154.00 and set an “overweight” rating on the stock in a Wednesday, April 20 research note.

In other Blackstone news, major shareholder Holdings LP Blackstone III sold 52,900 shares of Blackstone in a deal that took place on Tuesday, March 1. The stock was sold at an average price of $61.23, for a total value of $3,239,067.00. The sale was disclosed in a filing with the Securities & Exchange Commission, available via this hyperlink. Additionally, major shareholder Tactical Opportunit Blackstone purchased 2,500,000 shares in a transaction on Friday, April 29. The shares were acquired at an average price of $4.00 per share, with a total value of $10,000,000.00. Following the completion of the acquisition, the insider now owns 26,839,187 shares of the company, valued at approximately $107,356,748. Disclosure of this purchase can be found here. In the past ninety days, insiders have bought 2,510,050 shares of the company worth $11,184,437 and sold 1,090,152 shares worth $66,040,454. 1.00% of the shares are held by insiders.

Hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Bell Investment Advisors Inc bought a new stake in Blackstone stock during the third quarter valued at around $26,000. Financial Advantage Inc. purchased a new stake in shares of Blackstone during the first quarter valued at approximately $26,000. Western Pacific Wealth Management LP purchased a new equity stake in Blackstone during the fourth quarter valued at approximately $27,000. Landmark Wealth Management LLC purchased a new stake in Blackstone during the first quarter for $27,000. Finally, Providence Capital Advisors LLC increased its stake in Blackstone by 1,137.6% during the first quarter. Providence Capital Advisors LLC now owns 2,995 shares of the asset manager worth $31,000 after buying 2,753 additional shares in the last quarter. Hedge funds and other institutional investors own 63.68% of the company’s shares.

Shares of NYSE BX opened at $107.82 on Monday. The company has a debt ratio of 0.36, a quick ratio of 0.70 and a current ratio of 0.70. Blackstone has a 52-week low of $85.65 and a 52-week high of $149.78. The stock has a market capitalization of $75.55 billion, a P/E ratio of 14.69, a PEG ratio of 1.05 and a beta of 1.38. The stock’s fifty-day moving average is $114.63 and its 200-day moving average is $124.60.

Black stone (NYSE: BXGet a rating) last released its quarterly results on Thursday, April 21. The asset manager reported EPS of $1.55 for the quarter, beating analyst consensus estimates of $1.07 by $0.48. The company posted revenue of $5.13 billion for the quarter, versus $2.54 billion expected by analysts. Blackstone had a return on equity of 19.20% and a net margin of 23.77%. Blackstone’s revenue was down 3.3% year-over-year. In the same quarter last year, the company earned $0.96 per share. Equity research analysts expect Blackstone to post earnings per share of 5.71 for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 9. Investors of record on Monday, May 2 received a dividend of $1.32. This is a positive change from Blackstone’s previous quarterly dividend of $0.93. This represents a dividend of $5.28 on an annualized basis and a dividend yield of 4.90%. The ex-dividend date was Friday, April 29. Blackstone’s payout ratio is currently 71.93%.

Blackstone Company Profile (Get a rating)

Blackstone Inc is an alternative asset management firm specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt, and equity and multi-class strategies of assets. The company generally invests in start-up companies. It also provides capital markets services.

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Chinese aircraft carrier Liaoning spotted off Taiwan by satellite imagery https://ifawpca.org/chinese-aircraft-carrier-liaoning-spotted-off-taiwan-by-satellite-imagery/ Sat, 14 May 2022 17:25:29 +0000 https://ifawpca.org/chinese-aircraft-carrier-liaoning-spotted-off-taiwan-by-satellite-imagery/ The Chinese aircraft carrier liaoning and her escorts spent the better part of two weeks operating in the East China Sea under close surveillance by the Japan Self-Defense Forces. Commercial satellite images show they likely transited the Miyako Strait again on their way to waters east of Taiwan earlier this week. Detresfa_ image intelligence analyst […]]]>

The Chinese aircraft carrier liaoning and her escorts spent the better part of two weeks operating in the East China Sea under close surveillance by the Japan Self-Defense Forces.

Commercial satellite images show they likely transited the Miyako Strait again on their way to waters east of Taiwan earlier this week. Detresfa_ image intelligence analyst and contributor to The war zonespotted the carrier group in Planet Labs imagery about 85 nautical miles south of Japan’s Yaeyama Islands and 160 nautical miles east of Taiwan in the Philippine Sea.

Friday, Janes reported a statement by Japanese Defense Minister Nobuo Kishi that liaoning transport aircraft flew more than 100 sorties in exercises between 3 and 9 May. The exercises included flights of Shenyang J-15 fighters and anti-submarine warfare (ASW) operations with helicopters.

liaoningThe carrier group appears to include the Type 055 class cruiser/destroyer nanchangwith three Type 052D destroyers, one Type 052C destroyer, one Type 054A frigate and one unknown Type 901 tanker.

It is far from liaoningfor the first time in the spotlight of the Western Pacific or transiting through the Miyako Strait, which separates the Japanese islands Ryuku and Yaeyama northeast of Taiwan.

In December, the Chinese government released video and photos of the carrier and its escorts except sailing in formation with the Japanese carrier. Izumo in the waters near and southeast of the strait. You can read our coverage of the tense flattop encounter here.

April 2021 saw the liaoning and escorts join the growing mass of warships in the South China Sea amid high tensions, sailing close to both the Theodore Roosevelt carrier battle group and the Makin Island amphibious ready group.

The Chinese carrier group will likely receive a lot of attention from US and Japanese surveillance assets, as well as Taiwan, for the duration of its deployment. Formations like these give trained eyes a glimpse of what Chinese carrier groups will look like and how they will operate in wartime, should they ever come to the Western Pacific.

At the same time, these operations are a reminder of how China will increasingly endanger Taiwan from the east. With a rapidly growing navy that includes high-end amphibious capabilities as well as fixed-wing aircraft carriers, a major Chinese operation targeting Taiwan would include full encirclement and attack vectors from all directions. While the PLAN’s much-improved third carrier is expected to launch fairly soon, the threat posed by Chinese carrier strike groups, particularly in Taiwan, is only expected to expand markedly.

Contact the author: stetson.payne@thewarzone.com

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US Navy chief defends plan to scrap struggling warships even though some are less than 3 years old https://ifawpca.org/us-navy-chief-defends-plan-to-scrap-struggling-warships-even-though-some-are-less-than-3-years-old/ Thu, 12 May 2022 17:22:00 +0000 https://ifawpca.org/us-navy-chief-defends-plan-to-scrap-struggling-warships-even-though-some-are-less-than-3-years-old/ By Oren Liebermann, Ellie Kaufman and Brad Lendon, CNN (CNN) – The U.S. Navy chief has defended the service’s plans to scrap nine relatively new warships in the coming fiscal year, even as the service tries to keep pace. China’s Growing Fleet. Three of the littoral combat ships scheduled for decommissioning are less than three […]]]>

By Oren Liebermann, Ellie Kaufman and Brad Lendon, CNN

(CNN) – The U.S. Navy chief has defended the service’s plans to scrap nine relatively new warships in the coming fiscal year, even as the service tries to keep pace. China’s Growing Fleet. Three of the littoral combat ships scheduled for decommissioning are less than three years old.

Chief of Naval Operations Admiral Michael Gilday told the House Armed Services Committee on Wednesday that the anti-submarine ships could not accomplish their primary mission.

“I refuse to put an extra dollar against a system that wouldn’t be able to keep up with a high-end submarine in today’s environment,” Gilday told the committee. He said the main reason for the early retirement was that the ships’ anti-submarine warfare system “didn’t technically work”. Decommissioning the ships would save the Navy about $391 million, according to the service’s proposed FY23 budget.

But that only recoups a fraction of the cost of the nine littoral combat ships, which totaled about $3.2 billion.

The USS Indianapolis, USS Billings and USS Wichita all entered service in 2019, meaning the Navy plans to decommission ships that are only a fraction of the way to their expected lifespan. . The Navy also plans to retire six other littoral combat ships, all of the single-hull Freedom variant, as opposed to the trimaran Independence variant. Both variants can reach speeds of over 40 knots.

Under a 2016 Navy plan, the Freedom-class variants were all ported to Mayport, Florida primarily for use in Atlantic Ocean operations. The Independence-class variants were home-ported to San Diego and intended primarily for operations in the Pacific.

The decision amounts to an embarrassing admission that some of the Navy’s newest ships are not suited for modern warfare.

Despite the Navy’s plans to scrap the warships, Congress has the final say on the military budget and has backed down from previous demands to decommission the ships. Reducing the number of warships may be even more difficult as lawmakers focus on the growing size of China’s navy and the gap between the US and Chinese fleets.

Last August, Vice President Kamala Harris visited the USS Tulsa, one of the Independence-class ships, while operating out of Singapore. She touted the Navy’s mission to “help secure peace and security, freedom of trade and commerce, freedom of navigation” and the ship’s role in countering an increasingly assertive China in the western Pacific Ocean.

But the beleaguered littoral combat ships faced ongoing problems, including repeated breakdowns and questions about their limited armament.

The ships were hailed as part of the US deterrent against China as they were designed to operate in shallow waters like the South China Sea. But the dismantling of so many in a year seems to be an acknowledgment that expensive surface combatants have failed to live up to expectations.

“We can’t use them”

Rep. Adam Smith, chairman of the House Armed Services Committee, said: “We can’t use them, firstly because they’re not ready to do anything. Secondly, when they are, they crumble. still.”

“They’re incredibly expensive and they don’t have the capabilities that we expected. So regardless of their age, that’s a lot of money to spend to get to next to nothing,” the state Democrat continued. Washington.

Republican Oklahoma Senator Jim Inhofe, a senior member of the Senate Armed Services Committee, joined in the criticism of the Navy.

“With China’s Navy steadily climbing to 460 ships by 2030, direct mistakes in Navy shipbuilding, like the Littoral Combat Ship, must stop. Programs that can expand and grow our fleet must be the priority” , Inhofe said. tweeted Wednesday.

Many of the myriad problems facing the coastal combat ship program stem from a lack of mission focus during the design process, said Emma Salisbury, a University of London researcher specializing in US military weapons manufacturers. .

“The LCS was basically counted on to solve all the Navy’s problems at once and it will all be wonderful,” Salisbury told CNN with a note of irony. The ships’ missions included surface warfare, mine countermeasures, and anti-submarine warfare, based on a modular design meant to allow the Navy to customize the ship for the role.

“It was basically this magic design that would solve everything,” Salisbury said. “So that was the problem – because he had all those options, he never did very well with them.”

Pentagon press secretary John Kirby defended the program and the ships during a press briefing in mid-April, saying “they served a purpose.”

Yet even as the Navy plans to scrap nine of the Freedom variant ships, the newest vessel in the class was just christened last weekend. The USS Beloit marked the milestone with the presence of Congressmen and Navy officials, as well as the ceremonial breaking of a wine bottle through the bow.

Navy Secretary Carlos Del Toro said in a statement that the ship would be “ready to respond to any mission, where and when needed.”

The Independence variant of the LCS faced its own issues. The Navy has identified structural cracks on six of those ships, requiring updates to inspection procedures and an overhaul of affected areas, according to a statement from Naval Sea Systems Command spokesman Alan Baribreau. The cracks, first reported by the Navy Timeswere initially discovered at the end of 2019 in areas of high stress on the ship’s structure.

“The issue has been identified following routine quality assurance checks and does not pose a safety risk to seafarers on board the vessels. Similarly, the issue does not pose a safety risk to the affected vessels and does not nor does it impede the ability to start and execute missions,” Baribeau said.

The Navy plans to retire two of these Independence-class ships in fiscal year 2024.

At the same time, the navy is working to develop a new class of ships more suited to the challenges of the rapidly expanding Chinese military and the threat posed by Russia. These ships would have “more capability than the LCS” for potential future combat, Kirby said.

The-CNN-Wire
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First USMC V-22 inducted for MRO services at Yamato plant in Japan https://ifawpca.org/first-usmc-v-22-inducted-for-mro-services-at-yamato-plant-in-japan/ Tue, 10 May 2022 16:24:51 +0000 https://ifawpca.org/first-usmc-v-22-inducted-for-mro-services-at-yamato-plant-in-japan/ FRC WESTPAC has inducted the first V-22 Osprey aircraft at NIPPI’s Yamato plant in Japan. Credit: US Navy. The first US Marine Corps (USMC) V-22 Osprey aircraft was inducted undergo maintenance, repair and overhaul (MRO) services. The aircraft was inducted into Japanese partner NIPPI’s Fleet Readiness Center (FRC) Western Pacific (WESTPAC) facility in Yamato, Japan. […]]]>

The first US Marine Corps (USMC) V-22 Osprey aircraft was inducted undergo maintenance, repair and overhaul (MRO) services.

The aircraft was inducted into Japanese partner NIPPI’s Fleet Readiness Center (FRC) Western Pacific (WESTPAC) facility in Yamato, Japan.

Since 2015, the V-22 maintenance contract has been supported by another Japanese company Subaru. The company is responsible for managing service needs for the fleet of aircraft located outside of the continental United States.

Lt. Col. Kevin Ryan, FRC WESTPAC Commander, said, “With multiple contractors supporting the V-22 Osprey, FRC WESTPAC can ensure that all future aircraft inductions will be the best overall value to the U.S. government. in terms of cost, aircraft lead time and quality. maintenance performed.

“Our goal here at FRC WESTPAC is to quickly repair and return safe, mission-ready aircraft to the fleet so they have the combat capabilities necessary to win, and at a cost favorable to the U.S. government.”

The MV-22B Osprey aircraft, which was inducted for the MRO, is operated by Marine Medium Tiltrotor Squadron (VMM) 265.

VMM 265, also called Dragons, uses the aircraft to provide assault support equipment, supplies and combat troops to the Marine Air-Ground Task Force.

NIPPI has experience working on all 14,000 US Navy and USMC aircraft.

In addition to the newly awarded V-22 contract, NIPPI is also working on FRC WESTPAC’s four other aircraft maintenance contracts, including the Hughes H-1, F/A-18 Hornet and H-60 ​​aircraft.

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