Millions of dollars of offshore assets are at risk from vessel encroachment every day. Over the last two decades there has been over $100 million in property damage and over 25 fatalities associated with marine pipeline incidents. Much of this is preventable with effective monitoring and real-time alerting of vessel encroachment near high-value offshore assets.
A new communications satellite network owned by China Aerospace Science and Technology Corporation will be up and running by 2020. The new network plan was announced at the Fourth Aerospace Internationalization Forum in Beijing in December, 2016. Maritime Executive reports that the satellites, known together as the Hongyan system, will operate globally. According to China Daily, sixty small...Read more