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Top related persons:
Thomas Shoal - 2 Thomas - 1 — - 1 Matthew Miller - 1 Ritchie - 1 Erik De Castro - 1 Joey Loresto - 1 Loresto - 1
Top related locs:
China Philippines Sierra South China Vietnam Spratly Philippine South
Top related orgs:
Service - 2 BRP Sierra Madre - 1 South China - 1 Sierra Madre - 1 BRP - 1 Chinese Coast Guard - 1 Philippine Navy - 1 State Department - 1

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3 mentions found


☆ See the rusting warship central to the Philippines' South China Sea claims that Beijing tries to keep from holding on
  + stars: | 2023-11-18 | by ( Elias Chavez | ) www.businessinsider.com   time to read: +2 min
BRP Sierra Madre has been grounded near the Second Thomas Shoal for 24 years. The Second Thomas Shoal is a contested part of the South China Sea that both China and the Philippines claim. The dilapidated ship has been sitting near the Second Thomas Shoal in the Spratly Islands since 1999 and has recently been the subject of tension between China and the Philippines. AdvertisementThe Second Thomas Shoal is a reef within the disputed South China Sea, a resource-rich waterway home to important shipping lanes. China claims vast swaths of the ocean, but Beijing's claims to areas claimed by Manila were dismissed by an international tribunal, the results of which China firmly rejected.
Persons: Thomas Shoal, Thomas, — Organizations: BRP Sierra Madre, South China, Sierra Madre, Service, BRP, Chinese Coast Guard, Philippine Navy Locations: South, China, Philippines, Sierra, BRP Sierra Madre, South China, Vietnam, Spratly, Manila, Philippine
☆ This massive, crumbling shipwreck-turned-military station has become the latest flashpoint in tense US-China relations. Take a look inside.
  + stars: | 2023-08-10 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com   time to read: +4 min
The Philippine Coast Guard said the ship was carrying supplies to a Filipino military outpost. A massive, crumbling shipwreck that was repurposed by the Philippines and turned into a garrison in the South China Sea. Troops stationed aboard the Sierra Madre, take part in a flag retreat, March 29, 2014. Loresto told The Times that he preferred combat over being stationed on the Sierra Madre. Although the US has no territorial claims in the South China Sea, it has carried out regular naval operations in the region.
Persons: Matthew Miller, Thomas Shoal, Ritchie, Erik De Castro, Joey Loresto, Loresto, Jay Tarriela Organizations: Service, State Department, US State Department, Coast Guard, Philippine Coast Guard, Reuters, US Naval Magazine, LST, Troops, New York Times, Times, Embassy, China Coast Guard, US Navy Locations: Philippines, South China, China, Wall, Silicon, Philippine, Sierra, Spratly, Madre, Harnett County, Vietnam, Sierra Madre, United States
☆ This stock could become a 'one-stop shop' for biopharma and rally more than 35%, RBC says
  + stars: | 2023-06-21 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Avantor can show near-term resilience before outperforming in the long term, according to RBC Capital Markets. Analyst Conor McNamara initiated coverage of the health care products stock at outperform. His $27 price target implies a 37.4% upside from where shares finished Tuesday. AVTR YTD mountain Avantor Avantor is well-positioned for the long-term, McNamara said, as the life science tools sector is one of the most attractive in health care. Though the price target would require the stock to trade at historical multiples relative to peers, McNamara said that would be justified after the company's operating improvements in recent years.
Persons: Conor McNamara, McNamara, — CNBC's Michael Bloom Organizations: RBC Capital Markets
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