Consider the following statements regarding underwater geographical structures and hydrographic administration:
1. The International Hydrographic Organization (IHO) is an intergovernmental organization that ensures the world's seas, oceans, and navigable waters are surveyed and charted.
2. The 'Chandragupt Ridge' and 'Kalpataru Ridge' are newly named underwater structures located in the Pacific Ocean.
Which of the statements given above is/are correct?