NewzIntel.com

Category: Americas

  • MIL-OSI USA: Golden statement on courts’ rulings over Trump tariffs

    Source: United States House of Representatives – Congressman Jared Golden (ME-02)

    WASHINGTON — Congressman Jared Golden (ME-02) released the following statement in response to court rulings today regarding emergency tariffs imposed by President Trump under the International Economic Emergency Powers Act: 

    “While the executive and judicial branches debate the limits of executive authority, one thing is clear: The decades-old free-trade consensus is a failure. It has been great for Wall Street and multinational corporations, but a disaster for American workers, American industry and manufacturing communities across our country. We traded good jobs and an ability to make things ourselves for foreign investment and cheap goods produced overseas.

    “There is no question that Congress has the authority to step in and start to reverse the damage. First, we should pass the BUILT USA Act, my bill to rebalance trade and reinvigorate American manufacturing with a 10 percent global tariff — the foundation of the president’s tariff agenda. Then, we can turn our attention to rewriting the deeply flawed U.S.-Mexico-Canada trade agreement (USMCA) and renegotiating our trade relationship with China, which has consistently undermined our workers and our nation’s economic strength with unfair trade practices.

    “It’s time for Congress to do its job.” 

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    MIL OSI USA News –

  • MIL-OSI USA: In face of layoffs, Golden co-sponsors Protect our Parks Act of 2025

    Source: United States House of Representatives – Congressman Jared Golden (ME-02)

    WASHINGTON — Congressman Jared Golden (ME-02) this week announced the introduction of H.R. 3555, the Protect our Parks Act of 2025, to ensure the country’s 63 national parks and hundreds of other sites managed by the National Park Service (NPS) are adequately staffed. 

    “If there’s one thing Mainers know, it’s the value of the great outdoors. As we approach the busy summer season, Congress must act to ensure our treasured national parks have the resources they need to meet their mission,” Golden said. “Prior generations ensured the federal lands managed by the National Park Service were protected for us. Now it’s our turn to step up and guarantee their future for our grandchildren.” 

    Golden is an original co-sponsor of the bill, which directs the Secretary of the Interior to ensure adequate staffing within the NPS for the overall safety and wellbeing of visitor safety and natural and cultural resource protection.

    It orders the reinstatement of any individuals terminated as part of the Administration’s mass firings, beginning on January 20, 2025, providing staffing levels necessary to keep critical federal projects moving — including those funded by the Great American Outdoors Act; Infrastructure Investment and Jobs Act; Inflation Reduction Act; and Federal Lands Recreation Enhancement Act. 

    Golden is a member of the House Committee on Natural Resources and the Subcommittee on Federal Lands. In a May committee vote, he opposed the House GOP’s plan to slash $279 million from the NPS. He has a long track record of support for America’s parks system. 

    “Our national parks are invaluable treasures, preserving America’s natural and cultural heritage,” said Eric Stiles, president and CEO of Friends of Acadia. “Ensuring national parks are fully staffed is crucial for conservation, the visitor experience, and the success of vital projects. The Protect Our Parks Act calls for the reinstatement of dedicated personnel and safeguards key investments like the Great American Outdoors Act. Friends of Acadia applauds Congressman Jared Golden’s leadership in co-sponsoring this bill, ensuring these cherished places remain protected and accessible for future generations.”

    “Friends of Katahdin Woods & Waters thanks Congressman Golden for cosponsoring the Protect Our Parks Act,” said Brian Hinrichs, executive director of Friends of Katahdin Woods & Waters. “At this critical time, we value his leadership in voicing the need for the National Park Service to be fully staffed and funded. Katahdin Woods and Waters National Monument not only protects a treasured landscape, but serves as an economic driver in the community, especially when full hiring is permitted and critical projects can move forward.”

    Maine’s 2nd Congressional District is home to Acadia National Park — one of the ten most visited national parks in the United States — and the Katahdin Woods and Waters National Monument. With annual visitation numbers continuing to increase, these public lands need significant infrastructure investments. In the 118th Congress, Golden helped pass the Great American Outdoors Act to address maintenance backlogs at places such as Acadia and to establish permanent funding for the Land and Water Conservation Fund. 

    Full text of the bill can be found here.

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    MIL OSI USA News –

  • MIL-OSI USA: Rep. Craig, Senators Klobuchar and Smith, Gov. Walz, Statewide and Local Officials Break Ground on US 169 Interchange Project

    Source: United States House of Representatives – Congresswoman Angie Craig (MN-02)

    JORDAN, MN – Today, U.S. Representative Angie Craig (MN-02), Senators Amy Klobuchar (D-MN) and Tina Smith (D-MN) and Governor Tim Walz joined statewide and local officials to break ground on the US 169 & Highway 282/County Highway 9 Interchange Project in Scott County. 

    The project was funded, in part, by an $8 million Rebuilding American Infrastructure with Sustainability and Equity (RAISE) Grant, which was granted to Scott County and their project partners – the City of Jordan and the Minnesota Department of Transportation (MnDOT) –through the Bipartisan Infrastructure Law. Rep. Craig and Senators Klobuchar and Smith played an integral role in securing the RAISE grant.

    “The federal, state and local partnership of this project, in particular, is incredibly critical,” said Rep. Craig in her remarks. “I remember the first time I visited down here, I looked at the possibilities and all I saw was economic opportunity for the state of Minnesota and for the Jordan area with this project, so it has been a true honor to work with so many mayors here to be able to get this across the finish line.”

    Once completed, the project will replace the last signalized highway intersection within 50 miles of the Twin Cities with an interchange, creating a 75-mile stoplight free zone to improve a key interregional corridor in Minnesota that is essential for commuters, local residents and business owners. 

    This will also include a grade-separated interchange at TH-282/County Highway 9 and a bridge over the Union Pacific rail line, as well as a roundabout, a multi-use path and underpass of US 169, floodway improvements, stormwater improvements, and frontage roads. 

    In 2021, Rep. Craig wrote a letter to former Secretary of Transportation Pete Buttigieg advocating for the RAISE grant application and in 2022, Rep. Craig secured $1.12 million for the City of Jordan US 169 Multi-Use Trail Underpassthrough the annual funding bill. 

    You can view Rep. Craig’s full remarks here.

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    MIL OSI USA News –

  • MIL-OSI USA: Reps. Craig, Hinson Lead Bipartisan Call to Expand Homegrown Biofuels Production

    Source: United States House of Representatives – Congresswoman Angie Craig (MN-02)

    WASHINGTON, DC – Today, U.S. Representatives Angie Craig (D-MN) and Ashley Hinson (R-IA) led 26 of their bipartisan colleagues in calling on the Administration to expand annual Renewable Volumes Obligations for biomass-based diesel in their upcoming rulemaking for 2026.

    In a letter to President Donald Trump, the Members urged the Administration to support a strong Renewable Fuel Standard (RFS) by adopting timely, robust blending requirements in the upcoming “Set 2” rule establishing Renewable Volume Obligations (RVOs) for 2026 and beyond.

    “Even before you took office, the EPA was months behind meeting the statutory deadline to set RVOs, which only exacerbated market instability,” the Members wrote. “Domestic biofuel production facilities have already idled, and further delays in action could result in additional closures, putting Americans out of work and disrupting key markets for farmers.”

    “Congress established the Renewable Fuel Standard (RFS) to provide certainty and encourage investment in biofuels to the benefit of American families, the economy, and U.S. energy security,” the Members continued. “A strong Set 2 will benefit our constituents by lowering prices at the pump, creating and maintaining U.S. biomanufacturing jobs, and driving economic growth. A strong RVO will also support market growth for farmers at a time when global markets are experiencing uncertainty.”

    The EPA’s Renewable Volume Obligations for 2023 – 2025 were significantly lower than industry production trends, leading to a collapse in the value producers can receive in the renewable fuels market. Those poor market conditions led several biodiesel plants across the country to shut down last year. Higher RVOs will support market growth for farmers at a time when global markets are experiencing uncertainty.

    In Congress, Rep. Craig has worked across the aisle for years to promote homegrown biofuels. Last month, following her push, the Environmental Protection Agency (EPA) issued an emergency fuel waiver allowing the sale of E15 nationwide this summer. 

    Earlier this year, she introduced her bipartisan Nationwide Consumer and Fuel Retailer Choice Act to make year-round access to E15 permanent nationwide – expanding market access for Minnesota farmers and lowering costs for drivers at the gas pump. And in February, she led a bipartisan letter to newly confirmed Environmental Protection Agency (EPA) Administrator Lee Zeldin, urging the Agency to prioritize biofuels as part of the Administration’s energy agenda.

    The full text of the letter can be found HERE.

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    MIL OSI USA News –

  • MIL-OSI USA: Congressman Jesús “Chuy” García (IL-04) Announces Winner of 2025 Congressional Art Competition

    Source: United States House of Representatives – Representative Jesús Chuy García (IL-04)

    CHICAGO – Today, Congressman Jesús “Chuy” García (IL-04) announced that the winner of the 2025 Congressional Art Competition for Illinois’ 4th Congressional District is Carmen Casillas, a senior at Reavis High School and resident of Burbank, Illinois. Carmen’s mixed media piece, titled “La Artista,” will be displayed in the U.S. Capitol for one year alongside winning students’ artwork from across the country.

    “La Artista” uses thick acrylic paint to create a textured, clay-like surface, inviting viewers to feel the joy and creativity that come from making art. The woman in the piece is depicted with colorfully painted skin, symbolizing how art transforms us both inside and out. A traditional, stylized apron in the painting pays tribute to the artist’s Mexican heritage, underscoring how culture and creativity shape identity and expression over time.

    “I never cease to be amazed by the talented young artists in our community who submit their work for  the Congressional Art Competition,” said Congressman García. “Carmen’s piece, La Artista, is vibrant and deeply personal—it honors her heritage, celebrates the creative spirit, and reminds us that art has the power to shape who we are. I’ll be very proud to see it every time I walk to vote in the Capitol.”

    “What inspired me to create this was exploring the artist within, and showing how colors and feelings collide while making my artworks in clay or paint,” said Carmen C. “This piece is also inspired by my family’s Mexican heritage, which has had a significant impact in my life, while celebrating its traditional culture and artworks.”

    To view pictures of Carmen and her winning piece, click here.

    About the Competition

    Each spring, the Congressional Institute sponsors a nationwide high school visual art competition to recognize and encourage artistic talent in congressional districts nationwide. Since the Artistic Discovery competition began in 1982, more than 650,000 high school students have participated. Winners are honored locally and at a national awards ceremony in Washington, D.C. Their artwork is displayed in the U.S. Capitol for one year.

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    MIL OSI USA News –

  • MIL-OSI China: 8 injured in Colorado ‘targeted terror attack’

    Source: People’s Republic of China – State Council News

    Eight people were injured Sunday in “a targeted terror attack” in Boulder, Colorado, authorities said.

    The suspect was identified as Mohamed Sabry Soliman, said Mark Michalek, special agent in charge of the FBI’s Denver office, on Sunday evening at a news conference.

    Boulder police confirmed Sunday night that eight people, namely four women and four men, were injured in the attack. Officials initially told news outlets that six victims had been taken to hospitals.

    The 45-year-old suspect was allegedly heard yelling “Free Palestine” while using a “makeshift flamethrower” during the attack. He was also reportedly heard yelling “They are killers” and “How many children you killed.”

    Boulder Police Chief Stephen Redfearn said at a news conference that Boulder dispatch received several calls reporting an incident at the county courthouse in downtown Boulder at approximately 1:26 p.m. local time (1926 GMT).

    Police officers found several victims suffering from burns and other injuries upon arriving at the scene.

    An organizer with Run For Their Lives, a group that holds weekly walks to raise awareness about Israeli hostages held in Gaza — told local television station KUSA that a man was waiting with bottles when they arrived at the historic courthouse near 13th and Pearl Streets.

    The suspect threw the bottles, burning multiple people, including a woman who was severely injured and had to roll on the ground to extinguish the flames, according to the report.

    One of the victims is a Holocaust survivor, said the report.

    In a social media post, FBI Director Kash Patel said, “We are aware of and fully investigating a targeted terror attack in Boulder, Colorado.”

    White House deputy chief of staff for policy and homeland security advisor Stephen Miller said in a social media post that the terror attack was committed by “an illegal alien.”

    Fox News reported that Soliman is an Egyptian national who overstayed his visa after entering the United States, citing Homeland Security and U.S. Immigration and Customs Enforcement sources.

    CNN reported authorities are working to determine whether the suspect may have suffered mental health issues.

    “He’s shirtless, screaming, used rudimentary (explosive) devices, and stuck around to be arrested,” a source told CNN.

    Colorado Governor Jared Polis condemned the attack as a “heinous and targeted act on the Jewish community” in a statement.

    “Hate is unacceptable in our Colorado for all, and I condemn this act of terror. The suspect should be prosecuted to the fullest extent of the law,” he added.

    MIL OSI China News –

  • MIL-OSI Russia: Today, NSU opened an internship program for foreign specialists in the field of engineering InteRussia

    Translation. Region: Russian Federal

    Source: Novosibirsk State University – Novosibirsk State University –

    Today, June 2, NSU hosted the grand opening of the InteRussia 2025 internship program for foreign specialists. This is the second internship of this kind that is taking place at Novosibirsk State University. This time, 17 students from 14 countries, such as Chile, Jordan, India, Pakistan, Brazil, Albania, Serbia, Bangladesh, Turkmenistan, Belarus, Indonesia, Ecuador, Uzbekistan and Tanzania, came to NSU.

    The internship is conducted by the Gorchakov Fund, the Siberian Branch of the Russian Academy of Sciences, and the ANO “Mezhdunarodniki” with the support of the Directorate of the World Youth Festival and the Presidential Grants Fund.

    For a month — from June 2 to June 29 — young researchers will be trained at the university in the promising areas of “Artificial Intelligence and Medicine” and “Modern Quantum and Information Technologies in Electronics and Photonics”. The school participants will work in one of two groups in accordance with the chosen area. The event will result in the preparation and presentation of their own scientific project.

    — We are organizing the internship for the second time, but we already see that our program is in great demand — this year, more than 160 applications were submitted, so the competition was almost 10 people per place. As a result, the best students who passed a tough and competitive selection came here. This year, we decided to make only two directions, and not three, as it was a year ago. We left the direction “Artificial Intelligence and Medicine”, since the 2024 internship showed that this topic is very interesting and in demand. We also added a new promising direction related to quantum mechanics. Among other innovations, we increased the duration of the internship from three to four weeks, — said Evgeny Sagaydak, Head of the Education Export Department at NSU.

    Artur Pogosov, Professor of the Department of Semiconductor Physics, Faculty of Physics, NSU, Head of the Department of General Physics Physics Department of NSU, in his welcoming speech to the participants, he spoke a little about the specifics of Akademgorodok and the special atmosphere that characterizes this unique place. He also spoke in more detail about the program of the direction that he supervises – “Modern quantum and information technologies in electronics and photonics”. It will include both lectures from scientists of the SB RAS Research Institute and NSU teachers, and practical computer sessions, during which, using special computational and modeling methods, listeners will be able to delve deeper into quantum mechanics, explore new crystals and new compounds, and model the processes occurring in them.

    Evgeny Pavlovsky, Head of the Laboratory of Streaming Data Analytics and Machine Learning Faculty of Mechanics and Mathematics of NSU and head of the Artificial Intelligence and Medicine department, noted that the students will have the opportunity not only to expand their knowledge, but also to present their projects, since one of the school’s goals is to ensure that the participants continue their research after completing their internship.

    The audience of the program was greeted by the leading specialist of the A.M. Gorchakov Public Diplomacy Support Fund Ilya Demkin. He thanked the partners for their cooperation, spoke about the activities of the Fund and about the internship program for foreign specialists in various fields of InteRussia. In addition, he noted that for the audience, participation in this event is an excellent opportunity to gain new knowledge in one of the best Russian universities, take thematic courses from leading experts, take part in innovative professional master classes in one of two areas, and exchange experience with colleagues from different countries.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI: MoonFox Data Releases New Report: Pop Mart’s Emotional Consumption Model Drives Global Expansion and Record Growth

    Source: GlobeNewswire (MIL-OSI)

    Shenzhen, June 02, 2025 (GLOBE NEWSWIRE) — [Shenzhen, China] – [June 1, 2025] – MoonFox Data, a leading provider of market intelligence and data analytics, today released its latest report, “Pop Mart Business Decoded: Measuring the Value of Emotional Consumption.” The report reveals how Pop Mart, a pioneer in the pop toy industry, has leveraged emotional consumption and IP innovation to achieve record-breaking growth and global expansion in 2024 and 2025.

    The year 2025 is undoubtedly a landmark year for Pop Mart. At the end of March, the company released financial results that drew wide attention across the industry: Pop Mart’s 2024 revenue exceeded RMB 13 billion, a fivefold increase since its listing on the HKEX in 2020. Just before the Labor Day holiday, the Pop Mart app topped the U.S. App Store shopping chart for the first time, with American consumers queuing overnight to purchase new releases. Despite tariff pressures, its new products continued to see rapid growth overseas…

    16 years after its founding, Pop Mart’s ambition to “become a global super IP” is gradually materializing. What was once a trend-led toy store has transformed into a spiritual refuge for young people. So how exactly has Pop Mart captured the hearts of youth both in China and abroad? And what challenges lie ahead?

    I.        A Look Back: Repeated Comebacks in Brand Development

    1. In the Early Stages, Focused Track and Model Innovation Drove Growth

    Founded in 2010, Pop Mart began as an offline “trendy variety store” and struggled to survive amid the rise of e-commerce. In 2015, the founder drew inspiration from Japan’s blind box trend and introduced the popular Hong Kong pop toy BabyMolly to the Chinese mainland market. Pop Mart also secured domestic distribution rights for Japan’s Sonny Angel, successfully pivoting from a variety store to a curated pop toy store.

    However, in the following year, the termination of several IP licensing agreements forced the company to pivot again. Pop Mart began aggressively seeking collaborations with original designers to acquire copyright partnerships. In 2016, it launched its own IP blind box product, the Molly Zodiac Series, which became a growth driver. At the time, Pop Mart’s pop toy model of fast product rotation, bulk sales, and the blind box mechanism was a novelty that disrupted the traditional toy market. From then on, Pop Mart shifted from an offline retail distributor to an IP operator, with Molly becoming its signature icon.

    2. After Going Public: Diversification to Break the Revenue Ceiling

    Pop Mart entered the overseas market in 2018 and continued its steady revenue growth after its 2020 IPO. However, from 2020 to 2022, its gross profit margin declined continuously. By 2022, Pop Mart hit a growth bottleneck, with negative product reviews on social media indicating weakening consumer interest in blind boxes.

    In 2022, Pop Mart’s gross profit margin dropped by 4%, and operating profit fell by 49%. Domestically, revenue declined not only due to pandemic-related disruptions to offline store sales, but also because of a slump in online channel performance.

    Table 1: Pop Mart Annual Revenue and Profit Changes (2018 – 2024)

    Year Revenue Gross Profit Operating Profit Gross Profit Margin Revenue Growth Gross Profit Growth Operating Profit Growth
    2018 0.51 billion 0.3 billion 0.13 billion 57.9 % 225 % 296 % 2951 %
    2019 1.68 billion 1.09 billion 0.6 billion 64.8 % 227 % 266 % 348 %
    2020 2.51 billion 1.59 billion 0.72 billion 63.4 % 49 % 46 % 20 %
    2021 4.49 billion 2.76 billion 1.15 billion 61.4 % 79 % 73 % 60 %
    2022 4.62 billion 2.65 billion 0.58 billion 57.5 % 3 % -4 % -49 %
    2023 6.3 billion 3.86 billion 1.23 billion 61.3 % 36 % 46 % 111 %
    2024 13.04 billion 8.71 billion 4.15 billion 66.8 % 107 % 125 % 238 %

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    Table 2: Pop Mart Annual Online and Offline Revenue Changes (2020 – 2024)

    Year Online Channel Revenue YoY Offline Channel Revenue YoY
    2020 0.95 billion 77 % 1.33 billion 35 %
    2021 1.9 billion 100 % 2.14 billion 61 %
    2022 1.92 billion 1 % 2.22 billion 4 %
    2023 1.68 billion -12 % 3.85 billion 74 %
    2024 4.15 billion 147 % 7.6 billion 97 %

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    In 2023, as offline economic activity rebounded, Pop Mart’s diversified business strategy began to show results. Its commitment to deepening overseas markets and refining IP operations laid the foundation for a strong performance in both 2024 and 2025.

    On one hand, the brand’s overseas expansion has become a key secondary growth driver. While revenue from Hong Kong, Macao, Taiwan, and overseas markets accounted for only 9.8% of total revenue in 2022, this proportion rose to 38.9% by 2024. Pop Mart has expanded its network of international concept stores across Southeast Asia, Europe, and North America, growing the total number of overseas stores to 130.

    Table 3: Number of Pop Mart Physical Stores in Hong Kong, Macao, Taiwan, and Overseas (2020 – 2024)

    Year Number of Stores Number of Robot Shops New Countries Entered Overseas Theme Stores
    2020 1 No statistics South Korea
    2021 7 9 Singapore and other Southeast Asian countries
    2022 43 120 UK, New Zealand, USA, Australia
    2023 80 159 France, Malaysia, Thailand, Netherlands
    2024 130 192 Vietnam, Indonesia, Philippines, Italy, Spain Louvre Theme Store (Paris)
    K-POP Theme Store (South Korea)
    CRYBABY Theme Store (Thailand)

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    Table 4: Pop Mart’s Revenue of Hong Kong, Macao, Taiwan, and Overseas (2021 – 2024)

    2021 – 2024 Annual Revenue of Hong Kong, Macao, Taiwan, and Overseas
    Year Revenue Proportion Growth Rate
    2021 1.9 4.10 % 156 %
    2022 4.5 9.80 % 137 %
    2023 10.7 16.90 % 138 %
    2024 50.7 71.30 % 374 %
    2021 – 2024 Revenue Breakdown by Channel of Hong Kong, Macao, Taiwan, and Overseas (RMB 100 million)
    Year Offline Channel Online Channel Wholesale & Other Channels
    2021 0.1 0.4   1.4  
    2022 1.5 0.9   2.1  
    2023 6.4 1.6   2.7  
    2024 30.7 14.6   5.4  
    2024 Regional Revenue Distribution of Hong Kong, Macao, Taiwan, and Overseas (RMB 100 million)
    Region Revenue Proportion Growth Rate
    Southeast Asia 24 47.40 % 619 %
    East Asia & Hong Kong, Macao, Taiwan 13.9 27.40 % 185 %
    North America 7.2 14.30 % 557 %
    Europe, Oceania & Others 5.5 10.90 % 311 %

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    On the other hand, the company has shifted its focus from pursuing rapid product launches and expanding the number of IPs to prioritizing IP quality. The period from 2020 to 2022 marked a critical phase of supply chain upgrades for Pop Mart, including greater supply chain flexibility, digital transformation of warehousing and logistics, the establishment of self-owned factories, and overseas warehouse construction, all of which laid a strong foundation for future growth. Around 2023, Pop Mart began transforming its overseas business model by bypassing intermediary distributors and transitioning to a DTC (Direct-to-consumer) approach. This shift significantly improved the company’s ability to reach global consumers quickly. As a result, e-commerce revenue from overseas independent platforms surged in 2024.

    Table 5: 2024 Pop Mart’s Online Revenue in Hong Kong, Macao, Taiwan, and Overseas Markets

    Online Channel Revenue (RMB 1 million) Proportion Growth Rate
    Pop Mart Official Website 531 36.50 % 1246 %
    Shopee 324 22.30 % 656 %
    TikTok 262 18.00 % 5780 %
    Other Online Channels 338 23.20 % 389 %

    Data Source: Company financial reports, compiled by MoonFox Research Institute.

    II.        Building Deeper Connections with Consumers: Accelerating IP Universe Development Through User Value Alignment

    1.        From the “Lipstick Effect” to a Lifestyle Brand: Cultivating Long-Term Consumption Habits

    Pop Mart has mastered the art of the blind box model. Before the product launch, intensive marketing campaigns are carried out, with each figurine being given a complete backstory. However, the blind box purchasing model extends the time it takes for consumers to have their expectations met. The unboxing experience after purchase creates delayed gratification and a sense of emotional reward. Meanwhile, the inherent consumer instinct to collect or complete a series further drives repeat purchases. While the inclusion of “hidden” editions creates an illusion of “scarcity”, adding perceived collectible value while stimulating consumer desire to purchase.

    With low individual costs, intricate design, rapid product updates, and wide variety, consumers often become “loyal fans” without realizing it. Generation Z, who value emotional expression and self-exploration, are willing to pay for emotional fulfillment. Character-driven dolls and figurines have become tools for self-solace. Meanwhile, the use of social media further transforms blind boxes into a form of social currency. From celebrities and macro influencers to niche KOLs and even KOCs of WeChat Moments, posting about figurines, unboxing videos, and product swaps has spurred enthusiasm and imitation among fans.

    Meanwhile, Pop Mart has deepened its IP development, expanding beyond toys into lifestyle products. For example, its original IP “HIRONO” features a rebellious child character whose lonely and aggrieved expressions still convey a defiant spirit, an image that has won over many fans. By 2025, the IP had evolved to its seventh generation, with related merchandise extending beyond blind boxes to include a wide range of products such as apparel, home goods, and digital accessories. In addition to blind boxes, “HIRONO” has expanded to apparel, home goods, and tech accessories. It also engages users emotionally through animated shorts, offline sculptures, and art exhibitions.

    Table 6: Revenue Contribution of “HIRONO” IP

    Revenue in 2024 Revenue Share Revenue in 2023 Revenue Share YoY Growth
    0.73 billion 5.60 % 0.35 billion 5.60 % 106.9 %

    Data Source: Company financial reports & public data, compiled by MoonFox Research Institute.

    2.        From Emotional Value to Cultural Identity: Brand Consumption as a Form of Self-Expression

    In 2025, American consumers queued overnight for LABUBU from the classic IP “THE MONSTER”, known for its mischievous grin and dark aesthetic, a sharp contrast to Pop Mart’s other characters. Initially positioned as a “forest sprite”, LABUBU saw modest success until a 2024 rebranding introduced plush-skinned vinyl dolls that went viral in Thailand and later gained traction in China.

    Today, LABUBU is not only a crowd favorite at Pop Mart’s themed parks but also a global “symbol of subculture”. The character’s sharp teeth, heterochromatic eyes, and dark style wrapped in soft textures challenge mainstream beauty standards, echoing youth subculture’s desire to break norms. On global social media platforms, celebrities like LISA, Rihanna, and Dua Lipa have been seen with LABUBU dolls, while fans engage in remakes and cosplay to express individuality.

    Table 7: Revenue Contribution of “THE MONSTER” IP

    Revenue in 2024 Revenue Share Revenue in 2023 Revenue Share YoY Growth
    3.04 billion 23.30 % 0.37 billion 5.80 % 726.6 %

    Data Source: Company financial reports & public data, compiled by MoonFox Research Institute.

    Through diversified operations and refined strategies, Pop Mart is steadily constructing an IP universe that meets consumer needs in socialization, emotional expression, and self-identity.

    Its in-house IP operations are now more finely segmented by target audience and product type, with distinct strategies for blockbuster development. For high-end consumers and international markets, Pop Mart strengthens its collaborations with cultural IPs across various fields, collaborating with cultural IPs, such as Chinese intangible heritage artists and British pop artists, producing limited editions (primarily under the MEGA line) that emphasize collectability and cultural expression. For mass-market consumers, collaborations between original IPs and fast fashion, coffee and beverage brands, and anime/gaming franchises have become routine, integrating Pop Mart products into daily life. Overseas, store design increasingly incorporates local cultural elements, offering immersive experiences, such as Korea’s K-POP theme store and France’s Louvre theme store, and launching regional co-branded limited editions to lower the threshold for cross-cultural interaction among consumers from different regions.

    On the operational front, the growth of figurine revenues has slowed in recent years. To adapt, the company has launched new product lines, including Molly Beans, plush toys, and the MEGA series. In 2024, plush and MEGA categories accounted for 35% of revenue and showed rapid growth, now forming a major revenue pillar. In physical retail, Pop Mart is expanding from pure retail to experiential offerings. Beyond traditional stores and vending machines, more themed parks, pop-up stores, and curated art exhibitions are being introduced to enhance customer engagement.

    III.        Cracks beneath the Billion-RMB Myth

    The booming pop toy industry is becoming increasingly competitive, with multiple players racing to innovate on both product and concept. As consumer aesthetics continue to evolve, this intensifies pressure on leading brands. TOPTOY, a pop toy chain under MINISO founded in 2020, has rapidly expanded into lower-tier cities with its more affordable pricing and iconic IP offerings. By the end of 2024, TOPTOY had opened 276 retail stores nationwide, generating over RMB 980 million in annual revenue. Meanwhile, classic international IPs are enjoying a resurgence in the Chinese market. In 2024, merchandise related to Harry Potter, the Disney 100th Anniversary, and Chiikawa surged in popularity, posing a growing challenge for the breakout success of original IPs. Backed by this trend, MINISO has leveraged the influence of established IPs to drive both revenue and brand recognition. The 2024 financial report shows the total revenues exceeding RMB 17 billion, a 22.8% YoY increase.

    Turning the lens back to Pop Mart itself, managing the lifecycle of original IPs, and the handoff between older and newer IPs, remains a critical challenge for pop toy companies to build their “super IPs”. Pop Mart has been launching original IPs for over a decade. Iconic characters such as Molly, LABUBU, and THE MONSTER have recently reignited consumer interest through new product categories and refreshed designs. At the same time, many emerging IPs have gained visibility and emotional resonance with post-2000s and even younger generations. As Pop Mart’s portfolio of original IPs continues to expand, more of these properties will face the challenge of prolonged life cycles in the future. Maintaining innovation and consistently creating hit products that resonate with the evolving preferences of young consumers will become a long-term challenge for the brand’s development.

    Overall, Pop Mart has successfully pioneered a business model that monetizes emotional value, anchoring its revenue growth in rich content and cultural significance. Its strong in-house production capabilities and DTC strategy have accelerated its reach among global consumers. While recent revenue surges are not a fleeting phenomenon, they do not come without risk. Looking ahead, Pop Mart must continue to enhance its content innovation capabilities to keep its IPs vibrant. Only by maintaining a careful balance between innovation and legacy, and between emotional appeal and cultural expression, can the brand sustain high growth and realize its long-term ambition of becoming a “super IP” powerhouse.

    About MoonFox Data

    As a sub-brand of Aurora Mobile, MoonFox Data is a leading expert in data insights and analysis services across all scenarios. With a comprehensive, stable, secure and compliant mobile big data foundation, as well as professional and precise data analysis technology and AI algorithms, MoonFox Data has launched iAPP, iBrand, iMarketing, Alternative Data and professional research and consulting services of MoonFox Research, aiming to help companies gain insights into market growth and make accurate business decisions.

    About Aurora Mobile

    Aurora Mobile (NASDAQ: JG) established in 2011, is a leading customer engagement and marketing technology service provider in China. Its business includes notification services, marketing growth, development tools, and data products.

    For Media Inquiries:
    Contact: zhouxt@jiguang.cn | Website: http://www.moonfox.cn/en

    The MIL Network –

  • MIL-OSI USA: Scott Statement on the Passing of Judge Jerrauld C. Jones

    Source: {United States House of Representatives – Congressman Bobby Scott (3rd District of Virginia)

    Headline: Scott Statement on the Passing of Judge Jerrauld C. Jones

    NEWPORT NEWS, VA – Congressman Robert C. “Bobby” Scott (VA-03) issued the following statement on the passing of former Delegate and retired Norfolk Circuit Court Judge Jerrauld Jones:

    “I am deeply saddened by the passing of my longtime friend, Judge Jerrauld Jones of Norfolk. Jerrauld and I have known each other for many years. We served together in the Virginia General Assembly and shared the same commitment to justice and equality. That commitment to justice was inherited from our fathers, who served on the school boards of Newport News and Norfolk respectively during the public school integration controversies following the Brown v. Board of Education Supreme Court decision in 1954. Our families have remained friends from that time.

    “Jerrauld was a brilliant jurist and dedicated public servant. A proud graduate of Princeton University and Washington and Lee University School of Law, he used his talents in service of others. He broke barriers and opened doors for those who came after him, not just as a legislator and judge, but as a community leader whose moral compass never wavered. 

    “Whether in the courtroom or the State Capitol, Jerrauld brought intellect, compassion, and a fierce commitment to fairness and fidelity to the law. He was never afraid to speak out for what was right, and he always carried himself with dignity, humility and grace. 

    “My thoughts and prayers go out to his wife Lyn, his son Jay, and to all who knew and loved Jerrauld. His passing is a profound loss for the Commonwealth, but his legacy will continue to inspire all who believe in the power of public service to make a positive impact for all.”

    # # #

    MIL OSI USA News –

  • PM Modi, Paraguayan President Pena hold talks to strengthen bilateral relations

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi and President of Paraguay Santiago Peña held wide-ranging bilateral discussions at Hyderabad House in New Delhi on Monday. The talks were aimed at infusing new momentum into diplomatic and economic relations between India and the South American nation.

    President Peña, who is on a three-day official visit to India at the invitation of the Prime Minister, was accorded a ceremonial Guard of Honour upon his arrival at Air Force Station Palam earlier in the day. He is accompanied by a high-level delegation comprising ministers, senior officials, and business leaders.

    Welcoming the visiting leader, the Ministry of External Affairs (MEA) posted on social media, “Towards a new momentum in bilateral relationship. PM Narendra Modi welcomed President Santiago Peña of Paraguay at the Hyderabad House ahead of their deliberations.”

    Prior to his meeting with the Prime Minister, President Peña called on External Affairs Minister Dr. S. Jaishankar. The two leaders discussed opportunities for enhancing bilateral cooperation.

    “Pleased to call on President Santiago Peña of Paraguay at the start of his State Visit to India. Appreciate his positive sentiments and guidance for enhancing India–Paraguay cooperation in many domains. Confident that his talks with PM Narendra Modi today will open new avenues for India’s engagement with Paraguay and the South America region,” said Dr. Jaishankar in a post on X.

    President Peña also paid floral tribute to Mahatma Gandhi at Rajghat during his engagements in the capital. Prime Minister Modi is hosting a luncheon in his honour, while President Droupadi Murmu is scheduled to host a banquet. Vice President Jagdeep Dhankhar will also call on the visiting dignitary.

    This visit marks President Peña’s first official trip to India and is only the second time a head of state from Paraguay has visited the country.

    In a statement, the MEA noted that India and Paraguay established diplomatic relations on September 13, 1961, and have since cultivated warm and friendly ties. Bilateral cooperation spans across key sectors including trade, agriculture, health, pharmaceuticals, and information technology.

    Highlighting Paraguay’s strategic importance in Latin America, the MEA said that Indian companies in the automobile and pharmaceutical sectors are already active in Paraguay, while several Paraguayan firms operate in India through joint ventures.

    The Ministry further noted that both countries share similar views on major global issues such as UN reforms, climate change, renewable energy, and counter-terrorism.

    As part of his itinerary, President Peña will also visit Mumbai, where he is expected to meet state-level political leaders, as well as representatives from industry, startups, and technology sectors. The visit underscores the growing emphasis on economic and technological partnerships between the two countries.

    The MEA said that the State Visit provides a timely opportunity to undertake a comprehensive review of bilateral ties and to discuss regional and international issues of mutual interest.

    President Peña will conclude his visit and depart for Paraguay on June 4, 2025.

  • MIL-OSI USA: ICYMI: Funding Delivered by Congressman Boyle Leads to Temple Campus Arrest of Suspect Wanted in Three States

    Source: United States House of Representatives – Congressman Brendan Boyle (13th District of Pennsylvania)

    PHILADELPHIA, PA – Today, Congressman Brendan F. Boyle (PA-02) joined the Temple University and New Castle County Police Departments to announce the arrest of a burglary suspect who was wanted by authorities in PA, NJ, and DE.

    This arrest was made possible by Congressman Boyle’s community project funding for the Temple University Police Department, which enabled the deployment of Flock license plate reading cameras. Boyle was joined at the press conference by Jennifer Griffin, Chief of Police and Vice President for Public Safety at Temple University, and Richard Chambers, Master Corporal and PIO at the New Castle County Police Department.

    “Not been too long before we had tragically lost Temple Police University Officer Christopher Fitzgerald,” said Congressman Boyle. “And so I wanted to secure funds that would help the public safety effort in and around Temple University. To see the fruits of that labor actually lead to an arrest is incredibly exciting.  I thank again everyone who was involved in public safety in and around Temple University, and I thank all of the officers behind me. It’s never lost on me just what an enormously difficult job each and every one of you have in terms of keeping us safe.”

    “I am very proud of our diligent police officers and detectives who made this arrest happen quickly,” said Jennifer Griffin, Chief of Police and Vice President for Public Safety at Temple University. “Temple’s license plate reading cameras were purchased through a grant that was secured by Congressman Brennan Boyle. We are so grateful and thankful for his continued support to make Philadelphia safer.”

    “Detective Arnold from the Newcastle County Police was able to obtain a possible vehicle description,” said Richard Chambers, Master Corporal and PIO at the New Castle County Police Department. “Using the cameras, Detective Arnold quickly contacted the Temple University Police Department, and the Temple University Police Department quickly located the vehicle with the suspect in it.

    Temple University was the first university in Pennsylvania to deploy the Flock license plate reader system. The system was used to locate a suspect wanted by the New Castle County Police Department for burglary and theft. New Castle County Police worked with the Temple University Police Department to quickly arrest him on Temple’s campus.  He was extradited to Delaware, where he pled guilty to one felony and one misdemeanor charge. 

    ###

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Krishnamoorthi Visits Rockford to Highlight How Trump’s Tariffs are Hurting Illinois Small Businesses and Workers

    Source: United States House of Representatives – Congressman Raja Krishnamoorthi (8th District of Illinois)

    Latest stop on Krishnamoorthi’s “Trump Tariff Tour” underscores toll on manufacturing jobs and local economies

    ROCKFORD, IL – Today, Congressman Raja Krishnamoorthi (D-IL) continued his “Trump Tariff Tour” with a visit to a warehouse operated by Milescraft, a family-owned power tool manufacturer. During the visit, Congressman Krishnamoorthi toured the facility with Milescraft CEO Simon Karkosch and spoke to members of the press about how President Trump’s blanket tariffs are driving up costs, stifling growth, and forcing Illinois businesses to make painful decisions, including layoffs.

    “At Milescraft and across our state, the real cost of Donald Trump’s tariff war is being paid by small businesses and working families,” Congressman Krishnamoorthi said. “These blanket tariffs aren’t targeting bad actors or protecting American jobs; they’re raising prices, slashing margins, and threatening the very businesses and workers that keep our local economies going. This isn’t smart economic policy. It’s time to put Illinois jobs and families first by ending this destructive tariff policy.”

    Founded in 2002, Milescraft has grown from a small Original Equipment Manufacturer (OEM) into a leading designer of woodworking tools and power tool accessories. The company now produces and distributes hundreds of products each year. However, under the burden of President Trump’s tariffs, they’ve been forced to cut jobs and grapple with rising input costs. According to recent projections, if all of President Trump’s proposed tariffs are implemented, they could cost the average American household more than $4,400 annually. Already, the Budget Lab at Yale estimates that the 2025 tariffs have increased consumer prices by 2.3 percent, reducing household purchasing power by $3,800 per year on average. Illinois in particular faces significant exposure, with over $82 billion in imports from Canada and Mexico — the state’s two largest trading partners — at risk from these tariffs.

    Congressman Krishnamoorthi launched his Trump Tariff Tour last month at Testa Produce in Chicago, followed by stops at Kindred Farms in Atlanta and Cloud Mountain Kombucha Brewery in Urbana. At each stop, he has heard directly from those on the front lines of Illinois’ economy — and pledged to keep fighting for fair trade policies that protect working families and small businesses, not punish them.

    MIL OSI USA News –

  • MIL-OSI USA: Statement from Congressman Raja Krishnamoorthi on Trump Administration’s Student Visa Freeze and Social Media Vetting Proposal

    Source: United States House of Representatives – Congressman Raja Krishnamoorthi (8th District of Illinois)

    SCHAUMBURG, IL – Congressman Raja Krishnamoorthi issued the following statement in response to the Trump Administration’s decision to freeze new student visa interviews:

    “I strongly oppose the Trump Administration’s reckless decision to freeze new student visa interviews and consider sweeping, undefined social media vetting for international students. International students help drive cutting-edge research, fuel our universities, and build the industries of tomorrow. These young people are not only scholars and innovators — they are vital to America’s economic strength and national security. By developing the next generation of technologies and the good-paying jobs that come with them, they help ensure the United States remains a global leader.

    International students are drawn to our shores by the American Dream and the values that define us: freedom of thought, opportunity through education, and the strength of diverse perspectives. Shutting them out is not only discriminatory — it’s a strategic blunder. It weakens our global competitiveness and risks surrendering America’s leadership in innovation to nations that welcome the world’s talent with open arms. We must remain a country that opens doors to those who seek to learn, contribute, and help build a better future — not one that closes them out of fear.”

    MIL OSI USA News –

  • MIL-OSI USA: Congressmen Krishnamoorthi and Moore Reintroduce Bipartisan Legislation to Bring Electronics Manufacturing to America and Strengthen Supply Chains

    Source: United States House of Representatives – Congressman Raja Krishnamoorthi (8th District of Illinois)

    WASHINGTON – Congressmen Raja Krishnamoorthi (D-IL) and Blake Moore (R-UT) have reintroduced bipartisan legislation to bolster domestic printed circuit board (PCB) and integrated circuit substrate production, which will strengthen U.S. supply chain security in a critical technology sector. The Protecting Circuit Boards and Substrates Act will encourage domestic PCB manufacturing and R&D to reduce supply chain disruptions, address national security concerns related to foreign PCB production, and further enhance America’s economic leadership.

     

    “While we’ve made real progress in domestic chip production, microchips can’t function without printed circuit boards – 90% of which are made in Asia, including half in the People’s Republic of China,” Congressman Krishnamoorthi said. “Our bipartisan bill reduces that dangerous dependence by rebuilding U.S. manufacturing, strengthening supply chains, and supporting American workers.”

    “There has never been a more important time for Congress to get to work on reshoring our manufacturing and strengthening our critical supply chains,” Congressman Blake Moore said. “The Chinese government’s open willingness to withhold access to technology and rare earth minerals proves that we are in a race against Beijing at all levels of the microelectronics ecosystem. This bill provides a tried-and-true approach to incentivizing American companies to produce printed circuit boards here at home: it will maintain the integrity of military and national security commercial materials, boost our economy and workforce, and usher in a new era of American manufacturing. I am grateful to reintroduce this bill with Congressman Krishnamoorthi and am hopeful this bipartisan effort will successfully move through the legislative process.”

    “The PCBs Act addresses a critical and long-overlooked weakness in America’s electronics supply chain,” John W. Mitchell, IPC President and CEO, said. “Every electronic device relies on PCBs and substrates, but the U.S. no longer has the capabilities or capacity to meet current demand, much less address future technology requirements. This bill is a vital step toward rebuilding the nation’s ability to manufacture electronics from silicon to systems—an essential foundation for innovation, security, and economic strength.”

    “Remember, chips don’t float. They need printed circuit boards and substrates to connect to any electronic device. With production of American-made semiconductors ramping up, we need to do the same for PCBs. Without a concurrent increase in support for PCBs and substrates, those new American-made chips travel to Asia to be packaged with Asian-made PCBs and substrates,” Shane Whiteside, Chairman of the Printed Circuit Board Association of America (PCBAA) and CEO of Summit Interconnect, said. “We need to end our over reliance on Asia through public and private investment. This bill will set that in motion.”

    “From F-35s to F-150s, the modern world is built on printed circuit boards, and we need to make more of them in America,” David Schild, Executive Director of PCBAA, said. “This bill will lead to new factories, high paying jobs and an ecosystem to support the work being done by our colleagues in the semiconductor industry.”

    Background

    Printed circuit boards (PCBs) are the material on which semiconductors sit (often the green-colored surface in images of chips) and are a critical part of the supply chain. An assessment from the Departments of Commerce and Homeland Security called for domestic investment and production of key information and communications technology products such as PCBs.

    The Protecting Circuit Boards and Substrates Act includes the following provisions to incentivize domestic PCB manufacturing and R&D:

    1. Provides a 25% tax credit for the purchase or acquisition of American-made PCBs;

    2. Establishes a financial assistance program, modeled on the CHIPS for America Act, for American facilities manufacturing or researching PCBs;

    3. Requires a Presidential determination for single financial awards over $150 million;

    4. Provides for delay and technology clawbacks of award funds in the event that funding is not used efficiently or in a manner that raises national security concerns;

    5. Authorizes appropriations of $3 billion to carry out the program.

     

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Krishnamoorthi Honors Vietnam Veterans and Presents Bronze Star for Valor

    Source: United States House of Representatives – Congressman Raja Krishnamoorthi (8th District of Illinois)

    SCHAUMBURG, IL – Today, Congressman Raja Krishnamoorthi (D-IL) hosted a special recognition ceremony honoring four local veterans for their distinguished service during the Vietnam War. Three veterans received official Vietnam Veterans Commemorative Pins, while one veteran was awarded the Bronze Star Medal for acts of heroism in combat. In the ceremony, Joseph Leuze, Jon Fisher, and Doug Elwell were awarded Vietnam Veterans Commemorative Pins as a symbol of the nation’s lasting gratitude for their service and sacrifice. The commemorative pinning follows a successful series of recognition events the Congressman’s office has hosted in partnership with other local officials to ensure that Vietnam-era veterans receive long-overdue acknowledgment.

    Congressman Krishnamoorthi also presented the Bronze Star to Douglas Beckmann, a constituent who risked his own life to administer medical aid to a fallen soldier during a ground operation against hostile forces. Mr. Beckmann contacted Congressman Krishnamoorthi’s office for help recovering his military records, including documentation of service-connected medals he earned but never received upon leaving the military. After the Congressman’s office reached out to the National Archives and Records Administration (NARA) to request and review his records, NARA confirmed Mr. Beckmann had been awarded, but not presented with, the Bronze Star for his heroic actions on April 11, 1970. The medal was then provided for presentation to Mr. Beckmann in recognition of his service.

    “These American veterans embody the very best of our nation—serving with courage, humility, and unwavering dedication to a cause greater than themselves,” said Congressman Krishnamoorthi. “By recognizing their service, we reaffirm our solemn duty to honor the legacy of all who have defended our freedoms.”

    The Congressman’s office continues to assist veterans and their families in obtaining overdue recognition and benefits earned through military service. Any veteran interested in receiving a commemorative pin or support with military records is encouraged to contact the Congressman’s office directly.

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Krishnamoorthi Honored as Governmental Leader of the Year by DuPage Mayors and Managers Conference

    Source: United States House of Representatives – Congressman Raja Krishnamoorthi (8th District of Illinois)

    SCHAUMBURG, IL – At this week’s DuPage Mayors and Managers Conference (DMMC) Annual Dinner and Recognition Ceremony, Congressman Raja Krishnamoorthi (IL-08) was presented with the 2024 Governmental Leader of the Year Award for his leadership and advocacy on behalf of local communities, particularly those impacted by the Canadian Pacific–Kansas City Southern Railway merger. The award, presented by outgoing DMMC President Mayor Scott Levin of Elmhurst, recognized Congressman Krishnamoorthi’s partnership with DuPage County mayors and first responders in elevating public safety concerns stemming from increased freight traffic, particularly the potential for blocked emergency routes and delayed response times. The nomination for the award was submitted by Village of Itasca Mayor Jeff Pruyn and Village of Hanover Park Mayor Rodney Craig.

    “I’m deeply honored to receive this award from the DuPage Mayors and Managers Conference,” Congressman Krishnamoorthi said. “This recognition is a testament to what we can achieve when local and federal leaders work hand-in-hand to put public safety first. Whether it’s protecting emergency response routes or strengthening infrastructure, I’ll continue standing with our mayors, first responders, and residents to ensure our communities are heard and protected.”

    The DMMC, representing over one million residents, is a coalition of DuPage County municipalities committed to sound public policy, intergovernmental collaboration, and innovative governance.

    MIL OSI USA News –

  • MIL-OSI USA: Congressman DeSaulnier Announces Advancement of $35 Million for Projects to Benefit Contra Costa and Alameda Counties

    Source: United States House of Representatives – Congressman Mark DeSaulnier Representing the 11th District of California

    Washington, D.C. – Today, Congressman Mark DeSaulnier (CA-10) announced that he advanced 15 projects totaling over $35 million to benefit Contra Costa and Alameda Counties for consideration by the U.S. House Committee on Appropriations as part of the Fiscal Year 2026 appropriations process. These projects would help to support public health and safety, transportation accessibility and community development, and environmental protection and sustainability in California’s 10th Congressional District. Each year Congress provides Member-directed federal funding to a select number of Community Projects through the appropriations process. Under this process, each House member is allowed to submit 15 project requests on behalf of their Congressional District to the Appropriations Committee that meet the criteria set forth by the Committee.

    “I am proud to again advance over $35 million in funding that would directly benefit communities in Contra Costa and Alameda Counties by making our roads safer and more accessible, improving our outdoor spaces, providing cost-savings and environmental benefits through sustainability, and bolstering protection from crime and natural disasters,” said Congressman DeSaulnier. “I appreciate the effort of and collaboration with our local governments and organizations in submitting these projects, and I will continue to fight to see them through this legislative process and get the funding delivered to our district.”

    “We are grateful for Congressman DeSaulnier’s leadership in advancing five projects that will improve safety, emergency response, and transportation infrastructure in Contra Costa County. These critical investments will ensure that Contra Costa continues to be a safe and welcoming place for residents and businesses to thrive. We appreciate the Congressman’s foresight in selecting these projects, which offer regional benefits to our community,” said Candace Andersen, Chair of the Contra Costa County Board of Supervisors.

    “Central San wishes to express our sincere gratitude to Congressman DeSaulnier for championing our Ultraviolet (UV) Disinfection Replacement Project. This critical project will provide direct community benefits by improving the resiliency of Central San’s wastewater operations during extreme weather events and significantly reducing its energy footprint. This federal funding will support the transition to a state-of-the-art UV system that will make the wastewater treatment plant more sustainable and energy efficient because it will decrease energy use and meaningfully reduce greenhouse gases produced annually,” said Roger Bailey, General Manager of Central Contra Costa Sanitary District.

    “For truly safe and stable communities, we must make robust investments in public safety, including preventing and prosecuting organized retail theft and fighting labor trafficking. Efforts like the Healing and Justice for Survivors of Labor Trafficking program are designed to significantly increase funding for the number of Victim Witness Unit staff, allowing them to better provide education, outreach, and support for survivors. Congressman Mark DeSaulnier’s success in securing this crucial funding demonstrates his deep understanding of these fundamental needs,” said Diana Becton, District Attorney, Contra Costa County.

    “We appreciate the support from Congressman DeSaulnier in advancing our Community Project Funding request to provide resilient and modern emergency power infrastructure to support the East Bay Regional Communications System.  This project will have a direct impact on improving the public safety radio infrastructure for our firefighters, ambulance crews, and all first responders throughout Contra Costa County and northern Alameda County.  Congressman DeSaulnier is helping us to keep our communities and our first responders safe with this critical infrastructure investment,” said Lewis Broschard, Fire Chief, Contra Costa County Fire Protection District.

    “Investing in energy-efficient storage infrastructure ensures County Connection can power our future fleet with greater reliability and lower costs. This system strengthens our ability to deliver vital transit service during emergencies and supports a cleaner, more resilient future for our community. We’re grateful that Congressman DeSaulnier shares our commitment to sustainability and smart investment in local transit,” said Bill Churchill, General Manager, Central Contra Costa County Transit Authority.

    “We are extremely grateful to be included for consideration; upgrading our officer’s body worn cameras is an important public safety project for our residents and our police department,” said Cindy Darling, Mayor of Walnut Creek.

    “The Contra Costa Transportation Authority (CCTA) sincerely appreciates Congressman DeSaulnier’s continued support in advancing innovative transportation solutions in our county. This critical funding will allow CCTA to implement smart signal technology in the Cities of Antioch and Oakley, enabling signal synchronization, enhanced traffic flow, and smooth congestion. The upgraded system will also prioritize transit and emergency vehicles and support countywide efforts to achieve Vision Zero goals,” said Tim Haile, Executive Director, Contra Costa Transportation Authority.

    “The City of Dublin is proud to have Congressman DeSaulnier’s support for our Community Project Funding Request for the Village Parkway Reconstruction and Complete Streets Project. This important project will address critical infrastructure needs by resurfacing roads, improving bicycle access, enhancing safety, and upgrading sidewalks near Dublin High School. Once complete, Village Parkway will be a significantly safer and more accessible corridor for all who live, work, and travel in Dublin,” said Sherry Hu, Mayor of Dublin.

    “We are grateful for Congressman DeSaulnier’s vital support of this critical project. Upgrading our emergency generators will significantly enhance the resilience of the communication systems our first responders rely on during emergencies and disasters,” said Jon King, Board Chair, East Bay Regional Communications System Authority.

    “Thanks to Congressman DeSaulnier’s support, the Marsh Drive Class I Bikeway Project will close a 1.3-mile gap in Contra Costa County’s expansive bicycle network, providing the residents of Pacheco and Martinez a low-stress and multi-use bicycle and pedestrian facility that connects to the 32-mile Iron Horse Regional Trail, improving connectivity to neighboring jurisdictions such as the City of Concord and City of Pleasant Hill, while also improving access to recreational areas such as the lower Walnut Creek channel and Pacheco Marsh. The project will help Contra Costa County achieve its ambitious “Vision Zero” safety goal of having zero fatalities or severe injuries along its road network,” said Warren Lai, Director, Contra Costa County Public Works.

    “We greatly appreciate Congressman DeSaulnier championing the Treat Boulevard Corridor Improvements Project, a multi-modal project that will construct bicycle lanes and enhanced pedestrian infrastructure along Treat Boulevard in the Contra Costa Centre Transit Village of Walnut Creek. The Treat Boulevard Corridor Improvements will provide a critical connection to the region’s 32-mile Iron Horse Regional Trail and active transportation options for commuters and residents of Walnut Creek. This project will transform the road corridor into a model example of complete streets design, improving connectivity to light rail transit (Bay Area Rapid Transit, or BART, Pleasant Hill/Contra Costa Centre Station), high-density housing, and thousands of jobs, further supporting economic, health, and transportation benefits for the Contra Costa Centre and Walnut Creek areas,” said Warren Lai, Director, Contra Costa County Public Works.

    “This is more than a park project – it’s about honoring history, creating access, and supporting public spaces which will serve generations to come. The South of Bailey Road Community Development Project will open 890 acres of land to the public at Thurgood Marshall Regional Park – Home of the Port Chicago 50, laying the foundation for a regional destination rooted in community and remembrance. We deeply appreciate Representative DeSaulnier’s leadership in moving this vision forward,” said Sabrina Landreth, General Manager, East Bay Regional Park District.

    “We are deeply grateful that Congressman DeSaulnier has again selected our Ocean Ambassadors educational program for consideration for Community Project Funding through the Appropriations Committee,” said Cecily Majerus, Chief Executive Officer, The Marine Mammal Center. “Environmental literacy is crucial. This critical funding support would allow the Center to expand our Ocean Ambassadors in Contra Costa County—bringing high-impact, standards-aligned marine science learning to more classrooms through educator training, coaching, and peer mentoring.”

    “The Danville Townwide Fiber project is a transformative step toward a more connected and resilient community. By expanding our fiber infrastructure, we are ensuring that Danville’s traffic systems are smarter, safer, and prepared for the future,” said Renee Morgan, Mayor of Danville.

    “We are grateful for Congressman DeSaulnier’s continued support and unwavering commitment to help Diablo Water District build a resilient water system capable of withstanding potential seismic risks to our underground transmission lines and above-ground steel reservoirs,” said Dan Muelrath, General Manager, Diablo Water District.

    “On behalf of the City of Concord, I extend our sincere thanks to Congressman DeSaulnier for championing the effort to improve our Emergency Operations Center. His support is vital to addressing critical infrastructure needs that impact our emergency response and community safety. This funding will help transform the EOC into a modern, resilient facility that strengthens regional preparedness and protects lives. We deeply appreciate his leadership and commitment to public safety,” said Carlyn Obringer, Mayor or Concord.

    Transportation Accessibility and Community Development Projects:

    • $3,900,000 for the Town of Danville to install fiber optic cables and construct new conduit and junction boxes for 54 traffic signals in Danville to enable real-time traffic signal optimization to reduce traffic congestion and improve safety, and allow for future implementation of smart city technologies.
    • $3,000,000 for the City of Dublin to improve safety and accessibility of Village Parkway by narrowing vehicle lanes, adding lighting, and constructing buffered bike lanes, wider sidewalks, and protected intersections.
    • $2,000,000 for the Contra Costa County Public Works Department to create a separate bike path to fill a gap in the County-wide bicycle network along Marsh Drive in unincorporated Pacheco, which will improve safety for all road users and access to local commercial centers, recreational centers, and additional connections to the local mass transit system.
    • $2,000,000 for the East Bay Regional Park District to construct visitor facilities such as restrooms, drinking fountains, public parking areas, and a turnout lane on Bailey Road to allow for the Thurgood Marshall Regional Park to be opened up to the public.
    • $1,970,010 for the Contra Costa Transportation Authority (CCTA) to upgrade and develop a network of smart traffic signals between Antioch and Oakley to improve commute times, reduce delays, and ease congestion.
    • $1,500,000 for the Contra Costa County Public Works Department to construct bicycle and pedestrian facilities on Treat Boulevard in the Contra Costa Centre Transit Village in Walnut Creek to close a critical gap along the Iron Horse Regional Trail, which would improve safety for non-motorized road users and improve connectivity for first and last mile connections to public transit and local commercial establishments.

    Public Health and Safety Projects:

    • $4,875,000 to the Diablo Water District to provide structural and foundational reinforcements to water infrastructure to mitigate risks associated with major seismic events, safeguard water supply, and contribute to the region’s overall disaster preparedness strategy.
    • $3,649,671 to the City of Concord to make improvements to the Emergency Operations Center in Concord to ensure its longevity, efficiency, and resilience as it serves as a critical hub for bolstering regional preparedness, response, and recovery efforts during emergencies and disasters.
    • $1,915,000 for the Contra Costa County Fire Protection District (Con Fire) to replace and install equipment, including backup generators, shore power plugs, and automatic transfer switches, at radio towers across Contra Costa County that are used for communication between law enforcement, fire, and emergency medical services to improve system reliability during emergencies and disasters that result in the loss of power.
    • $1,000,000 to the City of Walnut Creek to purchase 120 body worn cameras, charging docks, and equipment to promote transparency, accountability, and public trust in the police department.
    • $600,000 for the Contra Costa County District Attorney’s Office to create an Organized Retail Theft (ORT) Prevention and Prosecution Unit with the goal of addressing increased levels of retail theft crimes, helping local law enforcement better confront these types of crimes, and improving public safety.
    • $500,000 for the Contra Costa County District Attorney’s Office to enhance the identification and referral of survivors of labor trafficking and cases of labor trafficking occurring in the County, increase the capacity of the District Attorney’s Office to investigate cases of labor exploitation and trafficking, and improve the quality and scope of services provided to underserved and marginalized victims of human trafficking.

    Environmental Protection and Sustainability Projects:

    • $4,000,000 to the Central Conta Costa Sanitary District (Central San) to upgrade the water treatment facility’s ultraviolet (UV) technology to reduce the energy footprint of water treatment and protect public health and water quality in the region.
    • $4,000,000 to the Central Contra Costa Transit Authority (County Connection) to construct a battery system to allow the agency to charge its zero emission buses overnight, and provide a source of power to maintain operations during emergencies.
    • $272,918 for the Marine Mammal Center to help build scientific literacy and environmental stewardship of the coastal zone for 2,7000 students and their teachers and to develop a pipeline for the future STEM workforce.

    Selection and submission of projects to the Appropriations Committee is the first stage of the process for Community Project Funding. The projects are subject to a strict transparency and accountability process, which is detailed here by the Appropriations Committee. Examples of this vetting include certifying that Members have no financial interest in these projects, an audit of a sampling of these projects by the Government Accountability Office, and a requirement for demonstrated community support and engagement for each submission. More information on each project and the certifications of no financial interest can be found here.

     

    #

    MIL OSI USA News –

  • MIL-OSI USA: Congressman DeSaulnier Statement on Independent, Nonpartisan Agency Finding that the Trump Administration Broke the Law by Blocking Electric Vehicle Funding

    Source: United States House of Representatives – Congressman Mark DeSaulnier Representing the 11th District of California

    Washington, D.C. – Today, Congressman Mark DeSaulnier (CA-10), senior member of the House Committee on Transportation and Infrastructure, made the following statement after the Government Accountability Office (GAO), an independent, nonpartisan government agency, issued a legal opinion finding that the Trump Administration violated the Impoundment Control Act of 1974 by illegally withholding funds for the U.S. Department of Transportation’s National Electric Vehicle Infrastructure (NEVI) Formula Program.

    “When the Trump Administration illegally suspended implementation of the National Electric Vehicle Infrastructure (NEVI) Formula Program in February, I immediately called on the Secretary of Transportation to reverse this reckless decision that would set us back in the fight against climate change, surrender global competitiveness to China, and hurt American drivers’ bottom lines.

    I am pleased the GAO has issued this finding that the Administration’s actions were not just foolish – they were illegal. Congress appropriated funding for the NEVI program and the Department of Transportation must implement it by immediately releasing the previously approved funds to the states.”

    MIL OSI USA News –

  • MIL-OSI USA: Seminar – Lunar Policy for a Thriving Lunar Economy

    Source: US Government research organizations

    The Department of Commerce Office of Space Commerce and NIST welcomes Dr. Antonino Salmeri, Director, Lunar Policy Platform, for a seminar and discussion on Lunar Policy for a Thriving Lunar Economy.

    This seminar will focus on the role of lunar policy for a thriving lunar economy. The seminar will begin with an overview of the legal and policy framework, present priorities and policies for peaceful, safe, and sustainable lunar activities, and conclude with a case study on lunar information sharing. The seminar will be delivered by Dr. Antonino Salmeri, space lawyer specialized in the governance of space resources and lunar activities and Director of the Lunar Policy Platform.

    Participants and attendees can expect the following outcomes:

    1. gain a foundational understanding of the main legal framework and key policy developments applicable to lunar activities;
    2. discover policy priorities and policy deliverables for peace, safety and sustainability on the Moon, supported by over 35 stakeholders;
    3. learn about ongoing multilateral and multi-stakeholder efforts to streamline lunar information sharing, and how to participate.

    Dr. Antonino Salmeri is a space lawyer specialized in the governance of lunar and space resource activities. He holds four advanced degrees in law and currently works as Director of the Lunar Policy Platform (LPP). Dr. Salmeri regularly advises governments and companies on international space law, policy, and diplomacy. In this capacity, he recently served as special advisor on lunar governance to the UN Office for Outer Space Affairs, contributing to the organization of the first UN Conference on Sustainable Lunar Activities and to the establishment of the Action Team on Lunar Activities Consultations (ATLAC) within the UN Committee on the Peaceful Uses of Outer Space.

    Dr. Salmeri is the author of leading publications shaping the evolution of international space law and policy, including a book on the Multi Level Governance of Space Mining, the Lunar Policy Priorities Report, the Lunar Policy Handbook, the EAGLE Report, and The Hague Building Blocks. Dr. Salmeri’s contributions to the advancement of space law and astronautics have been recognized through several prestigious awards, such as the Young Space Leader Award of the International Astronautical Federation (IAF) and the Diederiks-Verschoor Award of the International Institute of Space Law (IISL).

    Dr. Salmeri possess an extensive network in the space sector through his voluntary roles at major entities, such as Chair of the Space Generation Advisory Council (SGAC, period 2023 – 2025), Governing Member of the International Space University (ISU), member of the International Institute of Space Law (IISL), member of several technical and administrative committees of the International Astronautical Federation (IAF), and regular speaker at high level multilateral gatherings and major international events. 

    MIL OSI USA News –

  • MIL-OSI USA: State of Oregon Requests Presidential Disaster Declaration for 2025 Floods

    Source: US State of Oregon

    overnor Tina Kotek, in coordination with the Oregon Department of Emergency Management (OEM), has formally requested Presidential Disaster Declarations to provide federal support for communities across Coos, Curry, Douglas, and Harney counties devastated by the 2025 floods.

    From mid-March to mid-April, Oregon experienced a historic combination of severe storms, rapid snowmelt, and record-level rainfall. The resulting floods caused landslides, infrastructure failure, and widespread displacement, especially in isolated, rural areas. Homes, businesses, bridges, and utility systems were damaged or destroyed, and many residents are still unable to return home.

    “Although this disaster hit some of the most remote and economically vulnerable communities of our state, these folks have each other’s backs – they helped their neighbors to get through the initial emergency. They are resilient and resourceful, but they can’t do recovery alone,” Governor Kotek said. “These communities urgently need federal support to help them recover.”

    The state’s request includes:

    • Public Assistance for Coos, Curry, Douglas, and Harney counties to repair roads, public buildings, and utilities.
    • Individual Assistance for Coos, Curry, and Douglas counties, and separately for Harney County and the Burns Paiute Tribe, to support individuals and families affected by the flooding.
    • Hazard Mitigation Grant Program (HMGP) funding statewide to invest in long-term resilience and flood protection.

    In Harney County, the situation was especially severe. Unseasonably warm temperatures rapidly melted snowpack which was more than double the seasonal average. This overwhelmed the Silvies River, breached levees, and led to the failure of the only wastewater system serving the City of Burns and the Burns Paiute Tribe. Sewage-contaminated floodwaters caused serious public health hazards, damaged more than 100 homes, and forced extended evacuations.

    “This is the second major disaster Harney County has faced in a year, following wildfires in 2024,” said OEM Director Erin McMahon. “With limited local capacity, federal resources are essential to help these communities recover and to prevent future devastation.”

    The requested declarations would open access to federal resources to help eligible individuals and households with uninsured or underinsured expenses and serious needs, support economically and physically impacted small businesses, and support public infrastructure repairs and long-term rebuilding. They would also support hazard mitigation projects like reinforced levees, improved floodplain management, and more resilient infrastructure. For updates and information on available recovery resources, visit www.Oregon.gov/OEM.

    Explore the interactive story map to see the devastating impacts of Oregon’s 2025 floods and the ongoing recovery efforts in Coos, Curry, Douglas, and Harney counties: https://storymaps.arcgis.com/stories/5b3ecd47075844fe8a1d95f28a8e643b

    MIL OSI USA News –

  • MIL-OSI: BW Offshore: First quarter results 2025

    Source: GlobeNewswire (MIL-OSI)

    First quarter results 2025

    HIGHLIGHTS

    • Q1 EBITDA USD of 91 million and operating cashflow of USD 57 million
    • Sale of BW Pioneer for USD 125 million
    • Received USD 36 million arbitration settlement in April, USD 21 million recognised in EBITDA
    • Robust balance sheet with an equity ratio of 30.9% and USD 542 million in available liquidity
    • Q1 cash dividend of USD 0.063 per share
    • BW Opal departed the shipyard in Singapore 28 May
    • Full-year 2025 EBITDA guidance maintained in the range of USD 220-250 million

    BW Offshore is nearing completion of the Barossa project well within the updated budget. On 28 May, the FPSO BW Opal departed the shipyard in Singapore and is currently enroute to the field where hook-up and connection will be undertaken. The FPSO is on track for first gas within the third quarter.

    The Board of Directors has declared a quarterly cash dividend of USD 0.063 per share. The shares will trade ex-dividend from 4 June 2025. Shareholders recorded in VPS following the close of trading on Oslo Børs on 3 June 2025, will be entitled to the distribution payable on or around 12 June 2025.

    “The BW Opal is on its way to the Barossa field to start producing gas under the 15-year contract, providing material earnings and cash flow to BW Offshore from later this year,” said Marco Beenen, CEO of BW Offshore. “At the same time, we continue to mature selected potential FPSO projects that meet our criteria, with solid counterparties and long-term investment horizons. Our growth strategy is supported by a strong balance sheet, high commercial uptime and robust cash generation from the existing fleet.”

    In late March, the Company completed the sale of FPSO BW Pioneer to Murphy Oil for USD 125 million and received an initial USD 100 million of the proceeds. The remaining USD 25 million was received in the second quarter upon meeting all conditions precedent. The two parties signed a five-year O&M contract, under which BW Offshore will continue to provide operations and maintenance services.

    In early April, BW Offshore received approximately USD 36 million including interest, after settling the arbitration with PRIO (formerly Petrorio) related to the FPSO Polvo lease dispute. This led to the recognition of USD 21 million of additional revenue and EBITDA in the first quarter accounts.

    FINANCIALS
    EBITDA for the first quarter of 2025 was USD 91.3 million (USD 71.9 million in Q4 2024), reflecting good operational performance and the arbitration settlement with PRIO.

    EBIT for the first quarter was USD 73.7 million (USD 30.8 million).

    Gain from sale of fixed assets was USD 14.8 million and relates to the sale of BW Pioneer.

    Net financial items were positive at USD 10.4 million (USD 19.4 million in Q4 2024). This included a net interest income of USD 1.1 million, which reflects USD 4.1 million of interest earned on the arbitration settlement with PRIO (net interest expense of USD 3.0 million). Both first quarter 2025 and fourth quarter 2024 were positively impacted by a valuation gain on the financial liability related to the Barossa project. This was driven by changes in the timing of expected future cash flows due to a later planned start-up of the facility, as well as a favourable mark-to-market adjustment on interest rate hedges.

    The share of loss from equity-accounted investments was USD 4.6 million, including a valuation adjustment on the Barossa finance receivable related to changes in timing of future expected cash flows (loss of USD 9.5 million).

    Tax expense was USD 17.3 million (tax income USD 0.1 million). The increase in tax expenses is mainly due to tax on the sale of BW Pioneer.

    Net profit for the first quarter increased to USD 62.2 million (USD 40.8 million).

    Total equity at 31 March 2025 was USD 1 271.7 million (USD 1 246.6 million) and the equity ratio was 30.9% at (30.8%).

    As a result of strong cash generation from the fleet and asset sales, the Company was net cash positive by USD 184.3 million at 31 March 2025 (USD 74.4 million net cash positive at the end of 2024).

    Available liquidity was USD 542 million, excluding consolidated cash from BW Ideol and including USD 100 million available under the corporate loan facility.

    FPSO OPERATIONS
    The FPSO fleet continued to deliver stable operations in the quarter with a weighted average fleet uptime of 100.0% (99.2% in the fourth quarter), including BW Pioneer.

    BW Adolo contributed positively through the volume-based tariff as production increased to approximately 39,000 barrels per day in the quarter and BW Catcher continued to maintain high commercial uptime.

    On 20 May 2025, BW Energy Gabon took over operations of the FPSO BW Adolo. BW Offshore continues to lease the unit under the same terms, excluding O&M services. A USD 100 million put-and-call option remains in place for 2028. The transition is ongoing and will be supported by both parties through 30 June 2025.

    FPSO PROJECT OPPORTUNITIES
    In January, BW Offshore was selected to perform the pre-FEED study for the Bay du Nord FPSO project by Equinor.

    The Company also progressed the FEED for Repsol’s Block 29 development in Mexico.

    Due to the current high activity related to FPSO-based development projects, BW Offshore recently acquired the FPSO Nganhurra. The vessel has a high-quality hull, well suited for installation of a new topside. Reusing existing energy production infrastructure reduces environmental impact, is cost efficient and enables shorter lead time from project sanction to first oil. The acquisition involves a limited upfront payment, with additional consideration linked to redeployment by June 2027. The unit enhances BW Offshore’s ability to respond to emerging project opportunities and strengthens its position in a supply-constrained market.

    FLOATING ENERGY TRANSITION SOLUTIONS
    BW Offshore is committed to contribute to the energy transition by leveraging FPSO expertise to deliver low-carbon energy and expand into new sectors, focusing on low-emission oil and gas, CO2 transport, gas-to-power and floating ammonia to meet evolving energy demands. The Company maintains a disciplined approach with selective and diligent allocation of capital and a commitment to creating shareholder value.

    BW Offshore owns 64% of BW Ideol, a leader in offshore floating wind technology and co-development with over 14 years of experience in the development of floating wind projects. A shareholder loan of EUR 6.7 million has been provided to support the company’s operations over the next 12 months.

    The 1 GW Buchan offshore wind project in Scotland recently held its third and final public consulting round as part of the preparation for the final consent application later this year. In France, work continued on the three floating substructures for the Eolmed floating wind pilot with installation of the transition pieces which will hold the wind turbines. Commissioning of the three floating turbines is expected by end of 2025.

    OUTLOOK
    Growing energy demand continues to drive interest in developing new infrastructure-type FPSO projects with long production profiles, low break-even costs, and a focus on lower emissions. Increased project complexity, combined with higher construction costs, necessitates financial structures with significant day rate prepayments during the construction period for new lease and operate projects. Alternatively, oil and gas majors may finance and own FPSOs, relying on FPSO specialists for the design, construction and installation scope, combined with operation and maintenance services. BW Offshore is well positioned to offer both solutions.

    In recent years, the number of sanctioned FPSO projects have lagged market expectations. Consequently, there is a growing number of projects at various stages of maturity, reflecting a pent-up demand for FPSOs. Increased FEED and tendering activity are a function of this, and BW Offshore expects that a number of the FPSO projects the Company is engaging with will reach a final investment decision over the next 36 months. These market dynamics, combined with the high level of expertise required for project execution, are expected to enable better risk-reward and improved margins for FPSO companies going forward.

    BW Offshore continues to selectively evaluate new projects that meet required return targets, offer contracts with no residual value risk after firm period, and provide a financeable structure with strong national or investment-grade counterparties.

    BW Offshore expects that the fleet will continue to generate significant cash flows in the time ahead, supported by the USD 5.4 billion firm contract backlog at the end of March 2025.

    Please see attached the Q1 Presentation. The earnings tables are available at:

    https://www.bwoffshore.com/ir/

    BW Offshore will host a webcast of the financial results 09:00 (CEST) today. The presentation will be given by CEO Marco Beenen and CFO Ståle Andreassen.

    Webcast information:
    You can follow the presentation via webcast with supporting slides and a Q&A module, available on:

    BW Offshore Limited – Q1 Presentation Webcast

    Please note, that if you follow the webcast via the above URL, you will experience a 30 second delay compared to the main conference call. The web page works best in an updated browser – Chrome is recommended.

    For further information, please contact:
    Ståle Andreassen, CFO, +47 91 71 86 55
    IR@bwoffshore.com or www.bwoffshore.com

    About BW Offshore:
    BW Offshore engineers innovative floating production solutions. The Company has a fleet of FPSOs with potential and ambition to grow. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets world-wide. BW Offshore has around 1,100 employees and is publicly listed on the Oslo stock exchange.

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    Attachment

    The MIL Network –

  • President of Paraguay Santiago Peña begins state visit to India

    Source: Government of India

    Source: Government of India (2)

    he President of Paraguay, Santiago Peña Palacios, arrived in India on Monday for a State Visit from June 2 to 4 at the invitation of Prime Minister Narendra Modi. This marks his first official visit to India and only the second-ever visit by a Paraguayan head of state to the country.

    President Peña is accompanied by a high-level delegation comprising ministers, senior officials, and business representatives. As part of the visit, he will also travel to Mumbai before concluding his trip on June 4.

    During his stay in New Delhi, President Peña is scheduled to hold discussions with Prime Minister Modi on Monday, where the two leaders will review the full spectrum of bilateral relations. Prime Minister Modi is also set to host a luncheon in honour of the visiting dignitary. President Droupadi Murmu is expected to meet President Peña and will host a banquet in his honour. Vice President Jagdeep Dhankhar and External Affairs Minister Dr. S. Jaishankar are also expected to call on the Paraguayan President.

    India and Paraguay established diplomatic relations on September 13, 1961, and have since shared warm and cooperative ties. Over the years, both nations have expanded their collaboration in key sectors such as trade, agriculture, health, pharmaceuticals, and information technology. Paraguay holds significance as a trading partner for India within Latin America, with several Indian companies in the automobile and pharmaceutical sectors operating in the country. Conversely, Paraguayan firms, primarily through joint ventures, have established a presence in India, adding strength to bilateral economic engagement.

    The two nations also share similar perspectives on various global issues, including the need for reforms in the United Nations, action on climate change, promotion of renewable energy, and the fight against terrorism.

    As part of his Mumbai visit, President Peña is expected to meet with state leaders as well as representatives from India’s business community, startups, innovators, and the technology sector.

  • MIL-OSI USA: Wilson Statement on the Murder of Two Members of the Israeli Embassy Staff

    Source: United States House of Representatives – Representative Joe Wilson (2nd District of South Carolina)

    Washington, D.C. – Congressman Joe Wilson issued the following statement on the murder of two members of the Israeli Embassy staff in Washington, D.C.: 

         “My sincerest condolences to the families of the bright staffers whose lives were senselessly taken by a coward while attending an event representing peace and a positive future for Jewish communities around the world. Remarking on the ‘beautiful couple,’ Israel Ambassador Yechiel Leiter spoke of Israeli and American resilience and together overcoming moral depravity. 

         “I am grateful that Attorney General Pam Bondi, Washington, D.C. Chief of Police Pamela Smith, and the highest levels of law enforcement are dedicated to justice and eliminating the scourge of anti-Jewish hatred in our streets.”

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    MIL OSI USA News –

  • MIL-OSI USA: Wilson Announces 2025 Congressional Art Competition Winner

    Source: United States House of Representatives – Representative Joe Wilson (2nd District of South Carolina)

    Washington, D.C. – Congressman Joe Wilson (R-SC) is pleased to announce Kinsleigh Ringus of Lexington High School, as the Second District of South Carolina’s 2025 Congressional Art Competition winner. 

    “The Congressional Art Competition is a way to recognize the talent of young artists in the Second Congressional District of South Carolina and across the nation. I congratulate Kinsleigh for her wonderful submission. The piece, entitled ‘Under the Palmetto Sky,’ is a talented and colorful use of watercolor, pencil, and acrylics to convey a South Carolina theme. A special thank you goes to her parents, Adrian and Ashleigh, as well as her art teacher, Anna Degtyareva. I look forward to showing her artwork to all of our visitors in the U.S. Capitol over the coming year,” said Congressman Wilson. 

    For more information about the Congressional Art Competition, please visit Congressman Wilson’s website here. 

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    MIL OSI USA News –

  • MIL-OSI USA: Amata’s Statement of Strong Support for President Trump’s Fishing Order as Lawsuit Filed

    Source: United States House of Representatives – Congresswoman Aumua Amata (Western Samoa)

    Washington, D.C. – Congresswoman Uifa’atali Amata released the following statement: 

    “These islands within PRIMNM are not Hawaiian islands nor are they American Samoan islands; these are America’s islands and waterways, and food security is national security. Insuring the safe supply of domestic American canned tuna for our military, schoolchildren and consumers is paramount and a national emergency that President Trump has recognized and acted upon with the urgency that is needed.

    “I commend his Administration for both enacting his Executive Orders in this regard in his first 100 days and for doing so on April 17, American Samoa’s Flag Day, when the union between the United States and American Samoa was enacted.

    “The President recognized and honored Fa’a Samoa, the Samoan way of life, by taking this action on the historic 125th Flag Day just a few weeks ago and helped all Americans during these critical times of food and other resource needs to protect our whole country.

    “Lastly, neither Presidents Bush, Obama or Biden ever asked American Samoa what they wanted before they took away our indigenous fishing rights without any science — they decided what they wanted first, gave us lip service and back filled their decisions with bureaucracy and outside interests. President Trump asked and acted, and I thank him again for his EO for the safety and security of the food supply for American Samoa and all America.”

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    MIL OSI USA News –

  • MIL-OSI USA: Amata Welcomes $302,000 EPA Water Quality Monitoring Grant

    Source: United States House of Representatives – Congresswoman Aumua Amata (Western Samoa)

    Washington, D.C. – Congresswoman Uifa’atali Amata is welcoming $302,000 in federal funds for American Samoa from the U.S. Environmental Protection Agency (EPA) authorized by Congress in the BEACH Act. 

    “The EPA is fulfilling one of its original key functions with these coastal water monitoring funds for health protection,” said Congresswoman Aumua Amata. “Thank you to EPA Administrator Lee Zeldin, a friend and former colleague in Congress, as well as Region 9 Administrator Josh F.W. Cook as you work with our dedicated local department and American Samoa Government on this and other efforts throughout the year.”

    In all, the EPA has announced $9.7 million in BEACH Act grant funding for states, Tribes and territories to monitor water quality at coastal and Great Lakes beaches such as to notify the public if elevated levels of illness-causing bacteria make swimming unsafe.

    The Beaches Environmental Assessment and Coastal Health (BEACH) Act was reauthorized by Congress in 2024. The EPA states these allocations advance the agency’s goals of cooperative federalism and ensuring that every American has access to clean and safe water. Each of these goals supports EPA’s “Powering the Great American Comeback” initiative.

    “Millions of Americans will travel to the beach this summer to relax or play in the water. They will make lifelong memories and provide a boon to local economies,” said EPA’s Acting Assistant Administrator for Water Peggy Browne. “With $9.7 million from EPA, states and local authorities can help ensure that our beaches are open for business and that beachgoers can swim and splash without fear of getting sick.”

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    MIL OSI USA News –

  • MIL-OSI USA: CONGRESSMAN BISHOP STATEMENT ON THE PASSING OF FORMER REP. CHARLIE RANGEL

    Source: United States House of Representatives – Congressman Sanford D Bishop Jr (GA-02)

    WASHINGTON – Congressman Sanford D. Bishop, Jr. (GA-02) issued the following statement upon news today that former Congressman Charles B. Rangel of New York had passed:

    “Charles B. Rangel dedicated his life to this country and the people of New York from fighting on the battlefields of Korea to commanding the gavel in the powerful House Ways and Means Committee. He was a decorated soldier, a determined federal prosecutor, and a champion for human and civil rights. He was driven to create a better world and make the American Dream more attainable for hard-working Americans.

    “He was a co-founder of the Congressional Black Caucus and helped blaze a trail for future generations of public servants. I had the honor of working with him to improve the lives of our veterans as co-chair of the Congressional Black Caucus Foundation’s annual Veterans Brain Trust.

    “He was a patriot, true friend, and compassionate soul. My wife, Vivian, and I send our deepest condolences his family, friends and all who mourn his loss.”

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    MIL OSI USA News –

  • MIL-OSI USA: CONGRESSMAN BISHOP OPPOSES PARTISAN BUDGET BILL THAT INCREASES U.S. DEFICIT WHILE ALSO HURTING FAMILIES, SENIORS, VETERANS, AND THE DISABLED

    Source: United States House of Representatives – Congressman Sanford D Bishop Jr (GA-02)

    WASHINGTON – Today, Congressman Sanford D. Bishop, Jr. (GA-02) opposed H.R. 1, a budget reconciliation bill that would gut crucial basic needs programs upon which millions of Americans rely and increase red tape. These cuts are being used to fund trillions of dollars in tax giveaways that overwhelmingly benefit billionaires and still explodes the deficit by $3.8 trillion.

    “Despite weeks of efforts by Democrats and some Republicans to make this bill better and remove at least a few of its many warts, Congressional Republican leaders ignored our amendments and, in the dead of night, moved forward on a bill that makes it harder for millions of Americans to afford food and healthcare, and undermines public education,” said Congressman Bishop.

    The Congressman added, “This bill is a reverse Robin Hood. Make no mistake, more children will go hungry and more working Americans will lose access to healthcare. Seniors and veterans will find it harder to access their hard-earned benefits and care. The cost of living for the vast majority of Americans will go up thousands of dollars in return for meager tax relief. However, the wealthiest 1% of Americans – folks who do not rely on the programs and services being cut – will each get over $100,000 in tax breaks.”

    H.R. 1 hurts Americans by:

    • Cutting nearly $700 billion in Medicaid which will cause millions to lose healthcare coverage as well as make it harder for hospitals and nursing homes across the country to provide all the care communities need or to even stay open – even people who do not rely on Medicaid may have to travel farther to get the care they need;
    • Taking $300 billion from the ACA exchanges which will increase monthly health insurance premiums and co-payments;
    • Slashing SNAP by $300 billion which will cost America’s farmers around $30 billion in lost income, threaten more than 27,000 retailers nationwide and imperil nearly 400,000 jobs and $20 billion in direct wages throughout the food supply chain;
    • Gutting school breakfast, lunch, and senior nutrition programs;
    • Increasing the cost of education by eliminating Pell Grants for over 4 million students;
    • Eliminating energy conservation program funds that will push up gasoline prices, make it harder for homeowners and small businesses to become more energy efficient and reduce their energy costs, makes it harder for schools to afford less expensive, clean buses that reduce their students’ exposure to air pollution, and undermine efforts to revitalize domestic manufacturing;

    If H.R. 1 is enacted, Georgia’s Second Congressional District will see:

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    MIL OSI USA News –

  • MIL-OSI USA: CONGRESSMAN BISHOP STATEMENT ON THE KILLING OF ISRAEL EMBASSY EMPLOYEES IN WASHINGTON, DC

    Source: United States House of Representatives – Congressman Sanford D Bishop Jr (GA-02)

    WASHINGTON – Congressman Sanford D. Bishop, Jr. (GA-02) issued the following statement in response to the killing of two Israel Embassy employees last night in Washington, DC:

    “It is heartbreaking that these two young Israel Embassy employees who were attending an event dedicated to peace were cut down in the prime of their lives. Antisemitism and political violence have no place in a civilized society. May the memories of Yaron Lischinsky and Sarah Milgrim be a blessing.”

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    MIL OSI USA News –

  • MIL-OSI USA: CONGRESSMAN BISHOP’S STATEMENT REGARDING THREAT TO JOB CORPS

    Source: United States House of Representatives – Congressman Sanford D Bishop Jr (GA-02)

    WASHINGTON – Congressman Sanford D. Bishop, Jr. (GA-02), co-chair of the bipartisan Congressional Job Corps Caucus, released the following statement in response to news today that the Trump Administration is pausing Job Corps Center operations, effectively shuttering Job Corps Centers nationwide, including the Turner Job Corps Center in Albany, Georgia.

    “The Job Corps program is the embodiment of a hand up and not a handout. It provides workforce skills and training that empower participants to become self-sufficient and productive citizens. Today’s foolish action by the White House and the United States Department of Labor to close the Job Corps program will shatter the dreams and aspirations of tens of thousands of promising students.

    “For over sixty years, there has been strong, bipartisan support for Job Corps. It has paid tremendous dividends in terms of ensuring that young people become valuable members of the labor force. I intend to work with my Republican colleagues to protect and improve Job Corps to ensure its continued success.”

    Job Corps is a national program with over 120 centers across the country. Job Corps offers at-risk youth varied academic opportunities and career pathways in business and industry.

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    MIL OSI USA News –