SINGAPORE – Economic uncertainty in many parts of the world is likely to fuel a rise in piracy attacks in Asian waters, said experts.
Global crises like the Ukraine war, regional geopolitical tensions and high inflation are some factors driving people to commit piracy.
Admiral Artemio M. Abu, chairman of the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia Information Sharing Centre (Recaap ISC), said that amid these conditions, the shipping industry needs to adopt practices such as information reporting and collaborating closely with the maritime authorities as part of efforts to protect crew and cargo.
During a discussion at an anti-piracy conference on Thursday at Marina Bay Sands, experts also touched on likely future trends of pirate attacks and what more could be done to eliminate the problem.
The conference was organised by the Singapore-based Recaap ISC, supported by international shipping associationBimco, the International Association of Independent Tanker Owners (Intertanko) and the S. Rajaratnam School of International Studies.
Adm Abu, in his opening address, said there were 25 incidents of armed robbery against ships in Asia between January and March.
He said: This accounts for a 9 per cent increase over the same period last year. We urge the littoral states of the Singapore Strait to continue to enhance surveillance and enforcement, as all incidents had occurred in their internal waters, archipelagic waters and territorial seas.
In the Singapore Strait, there were 18 piracy attacks between January and March the same as that for the corresponding period in 2022, said a Recaap ISC report.
The total number of attacks in the Singapore Strait one of the worlds busiest shipping lanes hit a seven-year high of 55 cases in 2022. The vessels attacked included bulk carriers, tankers, and tug boats and barges.
During a panel discussion, the Singapore navys Maritime Security Task Force commander Augustine Lim said the attacks in the Singapore Strait occur mostly during the festive season and monsoons.
Colonel Lim said: They usually target the bulk carriers and tankers as they are slower in speed, and the perpetrators often blend in with the fishing vessels, making it hard to identify them accurately.
Mr Elfian Harun of Intertanko said industry players and the authorities can use information provided by Recaap ISC to coordinate patrols and look out for ships that are likely targets for pirates. Panellists at Recaap ISCs anti-piracy conference on April 27 touched on likely future trends of pirate attacks and what more could be done to eliminate the problem. PHOTO: RECAAP ISC Another panellist, Mr Ashok Srinivasan, who is a manager at Bimco, said ships could be targeted at the same location because it is easier for pirates to launch an attack and retreat to a safe location in that area.
Recaap ISC assistant director Lee Yin Mui said that once a group member or the group itself is arrested, there tends to be a drop in attacks in that area.
During the discussion, maritime firm BW LPGs general manager Geoffrey Pearson touched on how crew members lives are at stake during a pirate attack.
He said: We do not want the crews lives to just be a statistic. We need to ensure that they are provided with the basic protection required.
Also, when shipping companies hire armed guards for them, they need to conduct proper and diligent checks on the companies they are hiring the guards from. Rear-Admiral Gregorious Agung, from Indonesian maritime security agency Bakamla, said regional partnerships are also key to ensuring maritime security in the region. Bakamla will host the Asean Coast Guard Forum in Jakarta from June 6 to June 9, he added.
Wrapping up the discussion on Thursday, Recaap ISC executive director Krishnaswamy Natarajan said the fight against piracy is the common responsibility of all stakeholders because it is a transnational maritime crime.
He said: Building trust and confidence among stakeholders is necessary to promote cooperation, collaboration and information sharing, and to reduce piracy and armed robbery incidents against ships in Asia. More On This Topic Piracy, robberies in Singapore Strait hit 7-year high in 2022 Police Coast Guard upgrades patrol boats to better manage maritime threats
The Corvette CX making its debut at this weekend’s The Quail, a Motorsports Gathering, generates more than 2,000 combined hp from its four, individually controlled and torque-vectoring electric motors. It’s staggering power, draped in beautiful bodywork, at a point in time when Corvette is rapidly climbing through the supercar ranks. There’s only one problem with this latest rendition of America’s motorsports icon: China’s has 1,000 more hp.
The specs for the Yangwang U9 Track Edition that leaked last week in BYD filings with the Ministry of Industry and Information Technology (MIIT) read like something out a middle schooler’s journal. 3,000 hp. 0-60 in one second. An electric motor for each wheel. A top speed approaching 300 mph. If it’s real (and there is absolutely zero reason to believe that it isn’t), the BYD will be the performance car benchmark against which all others are measured, like the Ferrari F40 of the 1980s, McLaren F1 of the 1990s, or Bugattis of the twenty-first century.
And that 3,000 hp BYD? That’s a production car, if limited. Meanwhile, the latest no production intent, pie-in-the-sky, no-holds-barred, you can just say shit and no one will ever question it electric hypercar concept from GM falls more than 1,000 hp short, at “just” 2,000 hp.
But don’t count the Corvette out.
Advertisement – scroll for more content
More grease, bigger hammer
Callaway Sledgehammer, via Mecum Auctions.
Whatever you may think of poster-era supercars like the Lamborghini Diablo, Porsche Carerra GT, or Pagani Huayra – or even modern electric hypercars like the Tesla Model S Plaid and Xiaomi SU7 – the one thing they all have in common is that they are all objectively slower than the 255 mph Callaway Corvette Sledgehammer from 1988, above.
I won’t go into the specs of that car (this isn’t that kind of car blog), but the point is that while the Corvette is often overlooked, there is a reason GM’s top-shelf sporty car carries that “King of the Hill” nickname – and the new Corvette CX concept is similarly, undoubtedly, more than just a list of specs in a magazine.
And those specs are seriously impressive. The new Corvette CX concept packs four independent electric motors putting out a combined 2,000 hp and some ungoldy amount of Earth-moving torque under advanced software controls that enable four-wheel torque vectoring for maximum grip and cornering performance, as well as precise steering control under even the heaviest of braking.
Power to those motors comes from the Corvette CX’ 90 kWh lithium-ion battery that’s centrally mounted low in the chassis, giving the car a low center of gravity and, crucially, ideal 50/50 front-rear weight distribution.
Plus: it’s gorgeous
The Corvette team says the CX concept draws from more more than seventy (!) years of Corvette heritage while being a forward looking concept, not a retro piece. Stylistically, the concept seems more visually mature and subdued than its in-production C8 cousin, and seems to promise a return to the C3-5 eras’ cleaner, less busy aesthetics.
Phil Zak, executive design director for Chevrolet, is very rightly proud of the CX’ design. “While the shape of a Corvette has always been expressive and forward-looking, each crease and line has its roots in the generations that came before it. It is aspirational, it is cultural, it is the reason people want to come and work at Chevrolet,” says, Zak. “The CX … demonstrate(s) our design teams stepping away from the constraints of production vehicles and unleashing their creativity. Through this exercise, we’ve added to Corvette and defined the design direction for Corvette moving forward.”
Aggressively futuristic, yet unquestionably a Corvette, the CX concept shows what an uncompromised future sports car can be. The athletic exterior design, highlighted by the fighter-jet-inspired cockpit canopy, isn’t just about looking powerful – it was shaped in collaboration with the GM Motorsports Aero Group. Every angle was designed with ultimate performance in mind.
On the inside, every aspect of the CX concept was designed to provide an unmatched driving experience. The forward-opening fighter-jet-style canopy automatically raises as you approach. Driver and passenger settle into seating finished in Inferno Red ballistic textile, bolstered to help hold occupants in place during high-g cornering maneuvers. Premium silicone leather, milled aluminum, and low-gloss forged carbon fiber accents give an elevated feel to the driver-focused cabin.
The digital windscreen transforms the windshield into an immersive surround display with real-time performance data. Every major control is elegantly integrated into the steering wheel, keeping the driver’s focus on the road ahead.
The innovations continue underneath the skin with the Vacuum Fan System. Built-in fans draw air through the open-channel bodywork, generating massive downforce and adjusting the airflow over the rear diffuser to refine aerodynamic balance in real-time. The front diffuser and rear wing are both active, adjusting automatically in response to the driver’s inputs to generate maximum grip. The integrated understructure of the CX concept is visible through the aero channels in the bodywork, and the suspension A-arms are wing-shaped to enhance airflow and reduce front-end lift.
All in all, the new Corvette CX concept is an impressive piece of engineering and rolling art. It’s also a statement from GM that, while the Corvette may very well be going all-electric in its next iteration, it won’t be going any slower. In fact, the first electric Corvette might even be the best one ever – but don’t say that one too loud (you’ll upset the New Balance crowd).
That said, as a pure concept that almost no one will ever drive and which might never get publicly strapped on to a dyno, it is absolutely baffling that Chevy wouldn’t have just claimed 3,000 hp. Even if it was just to match BYD’s claims and continue to build on a century of hype for American exceptionalism, you know?
That’s my take, anyway – what’s yours? Watch the Corvette CX Concept hype video from Chevrolet, below, then let us know what you think of the latest GM concept in the comments.
If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.
Nvidia CEO Jensen Huang, right, speaks alongside President Donald Trump about investing in America, at the White House in Washington, on April 30, 2025.
The letter — signed by Senators Chuck Schumer, D-N.Y.; Mark Warner, D-Va.; Jack Reed, D-R.I.; Jeanne Shaheen, D-N.H.; Christopher Coons, D-Del.; and Elizabeth Warren, D-Mass. — was in response to an Aug. 11 announcement by Trump that Nvidia and AMD would pay the U.S. government a 15% cut of revenue from chip sales to China in exchange for export licenses.
“Our national security and military readiness relies upon American innovators inventing and producing the best technology in the world, and in maintaining that qualitative advantage in sensitive domains. The United States has historically been successful in maintaining and building that advantage because of, in part, our ability to deny adversaries access to those technologies,” the letter states.
“The willingness displayed in this arrangement to ‘negotiate’ away America’s competitive edge that is key to our national security in exchange for what is, in effect, a commission on a sale of AI-enabling technology to our main global competitor, is cause for serious alarm,” the letter continues.
Senators also warned that selling advanced AI chips — specifically Nvidia’s H20 and AMD’s MI308 chips — to China could help strengthen its military systems, a claim that Nvidia denies.
In a statement to CNBC, a Nvidia spokesperson said: “The H20 would not enhance anyone’s military capabilities, but would have helped America attract the support of developers worldwide and win the AI race. Banning the H20 cost American taxpayers billions of dollars, without any benefit.”
The letter from Senate Democrats also requests a detailed response from the administration by Friday, Aug. 22, regarding the current deal involving Nvidia and AMD, as well as any similar arrangements being made with other companies.
“We again urge your administration to quickly reverse course and abandon this reckless plan to trade away U.S. technology leadership,” the letter states.
A request for comment from the White House and AMD was not immediately returned.
Despite Trump allowing chip sales to resume, it has already become clear that China isn’t welcoming Nvidia back with open arms, instead urging tech companies to avoid buying U.S. companies’ chips, according to a Bloomberg report.
“We’re hearing that this is a hard mandate, and that [authorities are actually] stopping additional orders of H20s for some companies,” Qingyuan Lin, a senior analyst covering China semiconductors at Bernstein, told CNBC.
In a separate report, The Information said regulators in China have ordered major tech companies, including ByteDance, Alibaba, and Tencent, to suspend Nvidia chip purchases until a national security review is complete.
— CNBC’s Kristina Partsinevelos contributed to this report
Tesla has raised Model S and Model X prices by $10,000, but it decided to include its ‘Full Self-Driving’ package, free Supercharging for life, ‘Premium Connectivity’, and a new ‘Premium Service’ for 4 years.
The automaker is now updating pricing and included features to try to shake things up.
Tesla is now making a new ‘Luxe Package’ standard on all Model S and Model X vehicles:
Advertisement – scroll for more content
Full Self-Driving (FSD), previously priced at $8,000, is now included in all Model S and Model X vehicles. The automaker claims that FSD will eventually result in unsupervised autonomous driving, but for the meantime, it is a level 2 driver assistance system.
Tesla is also introducing a new “Four-year Premium Service”:
Includes tire and windshield protection plan plus maintenance. Covers scheduled services including wheel alignment, tire rotations, front camera cleaning and replacement of HEPA filter, cabin filter and wiper blades.
The automaker is also bringing back included Supercharging for life.
Tesla used to offer free Supercharging for life as a perk on Model S and Model X vehicles.
In the new terms, Tesla mentioned that it can’t be used for commercial purposes, such as if you use the vehicle as an Uber, and it is not transferable to a new owner if you sell the vehicle:
Charge for free at 70,000+ Superchargers worldwide. You are still responsible for Supercharger fees, like idle and congestion fees, when applicable. May only be redeemed at Tesla-owned Superchargers. Cannot be used for commercial purposes (e.g., taxi, rideshare or delivery services). If Tesla determines in good faith at its sole discretion that the vehicle is being used for commercial purposes, Tesla may remove the free Supercharging from the vehicle. The vehicle will then default to Pay Per Use Supercharging. Not transferable to subsequent vehicle owners or to another vehicle.
Initially, free Supercharging was tied to the vehicle rather than the owner, but this was later changed.
Finally, Tesla is also including ‘Premium Connectivity’, which enables Tesla owners to use some features that require more bandwidth, such as live traffic visualization, satellite-view maps, and video streaming, amongst other things.
It usually is $10 per month or $100 per year.
All of that comes with a significant price increase. The Model S now starts at $94,990 and $109,990 for the Plaid version.
Model X now starts at $99,990 and goes up to $114,990 if you want the quicker Plaid version.
Electrek’s Take
As the name implies, this looks like Tesla is trying to position Model S and Model X more as luxury vehicles.
A $10,000 price increase is significant, but the added features offer considerable potential value, depending on whether you plan to utilize them.
FSD sells for $8,000, but it only has an impact if you want FSD. If you don’t, Model S and Model X likely became a bad deal for you.
Free Supercharging is hard to value because it depends on how often you need to fast charge on the road.
Personally, I do it a couple of times a month, a little more when I go on road trips. It can take a while to accumulate $1,000 in Supercharger costs like that, but if you are someone who relies more on Supercharger, you can make it worth it fairly quickly.
However, you should take into account that this doesn’t add any resell value to your vehicle as you can transfer the inlcuded Supercharging.
FTC: We use income earning auto affiliate links.More.