Premium / M&A radar: Waiting for a PIL deal, Santa comes early for CMA CGM, Hapag & Zim

first_imgBy Alessandro Pasetti 15/10/2020 It’s not an epic fantasy trilogy but reality now, as two carriers’ celebrations that started last week enlarged to include a new cheerful member, Israel’s Zim, switching to full binge mode in the past 48 hours.Now read this (emphasis in bold added):“CMA CGM is taking advantage of strong shipping markets to sell €525m of new bonds to replace existing bond debt which falls due on 15 January next year. The new targeted senior unsecured bonds will mature in 2026, with the … Please either REGISTER or login below to continue Forgotten your password? Please click here Premium subscriber LOGIN New Premium subscriber REGISTER LOGIN Email* Email* Subscription required for Premium stories In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium Reset Reset Your Password << Go back Password* Please Loginlast_img read more

News / Ripples from Ever Given chaos will flow into every major tradelane

first_img Amid the Ever Given fallout, Asian shippers should expect a chronic container shortage, extended booking delays and more cargo rollovers at key transhipment hubs.Peter Sundara, VP global ocean product at Hong Kong’s LF Logistics, said the week-long Suez blockage aggravated already stretched container supply chains.“Even though the canal is now open, it’s going to have a tremendous ripple effect,” he told The Loadstar.“It’s clear over the next three or four months we’re going to see more blank sailings as carriers try to catch up with their schedules.“When the vessels leaving Suez get into Europe and the US, we’re going to see a lot of vessel bunching, which will worsen port congestion. All the critical landside assets, like chassis, trucks, rail and barges, are going to be under extreme pressure too, and that’s just imports.”Indeed, given the congestion in destination markets, Mr Sundara noted, vessels bringing back vitally-needed equipment to Asia would be delayed even further.“We’re going to face a chronic shortage of containers in China, South-east Asia and the Indian subcontinent, especially India, since the carriers prioritise China first in terms of container distribution, then Asean and India, etc.”Yesterday, Maersk said the Suez crisis could result in a loss of capacity of “20-30% over multiple weeks, depending on market dynamics”.The carrier has suspended short-term contracts and bookings on its Maersk Spot platform for all exports out of Asia as well as other key tradelanes, citing its expected loss of capacity over the coming weeks.“This is going to impact all the small and medium-sized customers that depend heavily on online bookings,” Mr Sundara said. “Short-term and spot rates are likely to be impacted across the board.”He said all carriers were revising their sailing schedules which, in some cases, were missing from their websites .“If you can’t find the sailing schedules you can’t make a booking,” he explained. “Bookings were already taking up to a week, and now I believe it could take up to two weeks just for the carriers to confirm the space and release a container.”The ripple effects will flow into intra-Asia trades, he said, especially for the mainline carriers that will struggle to reposition equipment. But even regional and niche carriers could be affected by the container shortages – all the trades are connected.”Likewise, the situation at major transhipment hubs, such as Singapore, is likely to deteriorate, given the port was already suffering with congestion and cargo rollovers, with feeder vessels missing connections.“It’s going to be worse, because all the vessels returning from Europe and the US will be coming and going at the same time,” said Mr Sundara. By Sam Whelan 31/03/2021last_img read more

From Songdowon to the Sinking of Sewol

first_img SHARE By Daily NK – 2014.05.13 6:36pm News Facebook Twitter AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] News News RELATED ARTICLESMORE FROM AUTHOR The collage of images published by Rodong Sinmun today. | Image: Rodong Sinmun There are signs that North Korea is running into serious difficulties with its corn harvest Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News From Songdowon to the Sinking of Sewol The North Korean authorities today published a number of articles comparingthe remodeling of Songdowon International Children’s Camp near Wonsan to therecent sinking of a passenger ferry in South Korea with the loss of hundreds ofyoung lives. The propaganda is intended to demonstrate the superior quality oflife that children experience while living under the benevolence of the Kimregime.The daily publication of the Chosun Workers’Party, Rodong Sinmun published one piece entitled “Where is heaven and where is hell.” In the article,author Kim Kyung Joo declares that the remodeling of the children’s camp inGangwon Province is a result of Kim Jong Eun’s “boundless affection.” In a second article, elementary school teacher Ahn Hye Kyung asks “howgreat is the contrast” between the joy of Songdowon International Children’s Camp and the “bleakhorror of the sea at Jindo [Island], where the Sewol went down.”Alongside the critical comparisons, the publication also published acollage of images from South Korean media reports on demonstrations following the sinking. Among the images, most taken in central Seoul, there are citizensholding a placard demanding that the government take responsibility for thesinking, and a banner pushing for President Park Geun Hye to resign (see top of page).The North Korean propaganda website Uriminzokkiri has also been critical ofthe South Korean government with regard to the sinking of the Sewol, as well aslinking the benevolence of Kim Jong Eun to the completion of work on the Songdowon camp. North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

OSC publishes guide for issuers operating in emerging markets

Emerging market regulators committed to strengthening sustainable finance and cybersecurity Keywords Emerging marketsCompanies Ontario Securities Commission Related news IOSCO review finds gaps in trading oversight, mostly in emerging markets It also sets out OSC staff’s expectations for the directors and management of those firms, highlighting risks that may require further scrutiny. And, it aims to clarify existing continuous disclosure requirements. The new publication comes in the wake of the OSC’s review of emerging market issuers, sparked in part by the Sino-Forest case, which examined the quality of issuers’ compliance with disclosure and other regulatory requirements. Earlier this year, it published the results of that review which found assorted concerns with firms’ corporate governance practices; the complexity of certain corporate structures; the extent and frequency of related party transactions; weak risk management and inadequate internal controls. “We have high expectations for issuers, regardless of where they are located, and look to directors and management to discharge their responsibilities fully,” said Howard Wetston, chair and CEO of the OSC. “This guide clearly articulates our expectations regarding compliance and we will continue to monitor this area closely in order to protect the integrity of our markets.” In addition to the new guidance, the OSC says that it is also working with other regulators to address the findings of the emerging market issuer review, including: the development of standards for underwriters, improvements to the audit function, and enhanced listing processes. It says that, in the coming months, it will continue to work with the Investment Industry Regulatory Organization of Canada (IIROC) as it reviews underwriting due diligence standards. And, that the Toronto Stock Exchange and TSX Venture Exchange are currently finalizing additional guidance and requirements to address risks associated with listing emerging market issuers, including clarification of expectations of issuers and the advisory community. The new requirements are expected to be published for comment later this month, it says. Additionally, the OSC reports that it has been working closely with the Canadian Public Accountability Board (CPAB) on issues such as the opportunity to share information; and, that it has held discussions with the audit community, the CPAB, and international securities regulators to address concerns relating to the use of foreign component auditors. IOSCO launches regulatory capacity hub for emerging markets Share this article and your comments with peers on social media The Ontario Securities Commission (OSC) has published new guidance aimed at emerging market companies, which highlights some of the added risks faced by companies operating in emerging markets, and sets out the regulator’s expectations for management and directors of those firms. The OSC Friday released a new issuer guide for emerging markets companies that flags eight key areas that, it says, should be considered by companies operating in emerging markets, including language and cultural differences, dealings with related parties, reliance on experts, and external auditor oversight, among other things. James Langton Facebook LinkedIn Twitter read more

Opposition MP Suggests Single Regulator for Telecommunications Sector

first_imgAdvertisements RelatedOpposition MP Suggests Single Regulator for Telecommunications Sector RelatedOpposition MP Suggests Single Regulator for Telecommunications Sector FacebookTwitterWhatsAppEmail Member of Parliament for West Central St. James, Clive Mullings, has proposed that a single regulator be established for the telecommunications sector, through a merger of the telecommunications functions of the Office of Utilities Regulation (OUR) and the regulatory functions of the Spectrum Management Authority.The Opposition Spokesman on Mining, Energy and Telecommunications, who made the proposal during his 2006/07 Sectoral presentation in the House of Representatives yesterday (July 26), further suggested that a new Telecommunications Act be established with enabling regulations, including interconnectivity, licensing, price regulation and universal services.Also, he said, Cable and Wireless Jamaica should be required to split into retail and wholesale entities as, “this will ensure that there will be true competition, which will lower cost and provide innovative services to consumers”.Explaining the basis for his recommendations, Mr. Mullings said that although in 2000, the telecommunications sector was liberalized with a new Telecommunications Act, allowing for competition, Cable and Wireless still maintained a dominant position in landline coverage.He noted that the 2001 population census had revealed that the household fixed telephone penetration rate was 45 per cent and out of a total of 75,000 households, nearly 40 per cent did not have access to a telephone at home. “This restricts Internet access and it is imperative that greater competition is encouraged so that just like the mobile market, the fixed line will provide that opportunity for Jamaicans to avail themselves of the Internet,” Mr. Mullings said.With broadband technology offering an opportunity to have all streams of communication coming through one band, he pointed out, it was critical that “we implement a strategy to promote the construction of an alternative backbone facility in Jamaica.this could be achieved by offering tax and other incentives to investors, and access to able facilities landing into Jamaica should be provided to all licensed operators and service providers”.Mr. Mullings further questioned whether there was a level playing field in terms of the granting of licences to other players in the sector, given the fact that Cable and Wireless, Digicel Jamaica and Oceanic Digital, were all represented on the board overseeing the Universal Access Fund.He suggested that these entities should be replaced by neutral directors, to guard against any possible conflict of interest.The Universal Access Fund was effected in June last year, under which all telecommunications carriers now pay a service charge levy of US$0.03 per minute on all incoming international minutes for termination on fixed wired networks, and US$0.02 on all incoming international minutes for termination on cellular networks.center_img Opposition MP Suggests Single Regulator for Telecommunications Sector UncategorizedJuly 27, 2006 RelatedOpposition MP Suggests Single Regulator for Telecommunications Sectorlast_img read more

Health Ministry Encouraging Malaria Patients to Continue Prescribed Treatment

first_imgFacebookTwitterWhatsAppEmail The Ministry of Health is encouraging persons affected by malaria to continue the prescribed treatment until advised otherwise.“It is important that you take the medication since it is good for your health and it will prevent any further spread of the disease. It is a curable disease but we need to make sure that whatever we do, we do right and that means following instructions by medical personnel,” cautioned Acting Chief Medical Officer (CMO), Sheila Campbell-Forrester during an interview with JIS News.She said at this time of the outbreak, persons were expected to be bombarded with conflicting messages, such as alternative cures for the disease. However, she advised that patients should continue the treatment given by their health providers. “The treatment given is proven and tested. What we do not want to happen is for malaria to become endemic in Jamaica, so we are asking everyone to stick to tried and proven medication which we have given them,” she pleaded.Outlining the treatment process, Dr. Campbell-Forrester said it spanned three days, starting off with a combination dose of chloroquine and primaquine on the first day. On days two and three, patients will be treated only with chloroquine.“We know the taste is not as pleasant as we would like it to be. We, however, recommend that you take it on a full stomach, which is after you would have eaten,” she advised.Four days after completion of the treatment process, the patient is then re-tested to make sure that the blood is clear of the parasite.For those persons who travel frequently from country to country, especially where malaria is endemic, the Acting CMO advised that they contact their health department to access medication. “After you return there is also a period of time that you must continue to take the medication, just so that you are fully clean of the parasite,” she said.Dr. Campbell-Forrester also assured that public sector pharmacies are well stocked with the required drugs. “We encourage persons to come to the public sector for treatment and drugs, as opposed to visiting the private sector facilities at this time. It is more a matter of ensuring that persons are adequately treated and also are able to obtain the drugs,” she said.In the meantime, the Acting CMO said the Ministry was continuing its house-to-house checks in the affected areas and collecting smears daily. “We collect smears daily in the order of 200, so it is a continuous process and we have not stopped. As long as persons are coming forward with the symptoms we will take smears,” she said.To date the government laboratory has received 4,149 smears, of which 2,972 have been read. There are 128 confirmed cases of malaria. RelatedHealth Ministry Encouraging Malaria Patients to Continue Prescribed Treatment RelatedHealth Ministry Encouraging Malaria Patients to Continue Prescribed Treatment Health Ministry Encouraging Malaria Patients to Continue Prescribed Treatment UncategorizedDecember 21, 2006center_img RelatedHealth Ministry Encouraging Malaria Patients to Continue Prescribed Treatment Advertisementslast_img read more

Barossa Made Markets cancelled

first_imgBarossa Made Markets cancelled Barossa Made Markets cancelledTanunda Christmas Shopping Night scheduled for this Thursday night will continue as planned, however The Barossa Council has made the regrettable decision to cancel the Barossa Made Markets.Manager Tourism Services Jo Seabrook said the decision was made due to the challenges of meeting Covid-safe requirements following State Government restrictions announced earlier this week.“We know Barossa people want to shop local, so it’s great the Tanunda Shopping Night in Murray Street will continue as planned between 5pm and 8pm,” Jo said.“The Barossa Visitor Centre will also remain open for late-night trading. A large range of stallholders are represented in the Barossa Made Wares and Food Pantry, which means people can still shop small and local for a wide range of locally-made products that have the hallmark of Barossa quality.“It’s a great opportunity for people to appreciate where products come from and how their purchases support the people behind the product.”Council will explore future opportunities to host a 2021 market if restrictions permit.A list of participating traders is available via the facebook event or by phoning the Barossa Visitor Centre on 1300 852 982. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Barossa Council, Barossa Valley, council, food, future, Government, local council, market, quality, Tanunda, tourismlast_img read more

Land Rover steers toward hands-free off-roading with robo-SUVs

first_img ‹ Previous Next › Getting off the beaten track and navigating a rugged off-roader through sand, mud and gravel may one day be a hands-free activity.The maker of the Range Rover is working on self-driving technology capable of handling all types of terrain and weather as part of a 3.7 million-pound (US$4.9 million) project, Jaguar Land Rover Automotive Plc said Wednesday.The goal is to combine acoustic sensors, cameras, radar and LiDAR technology to enable a car to assess and react to its surroundings, according to the unit of India’s Tata Motors Ltd. “The expectation is that from the middle of the next decade onwards, we’ll see some features rolling out” that would enable autonomous driving in off-road conditions, Nigel Clarke, a JLR research manager, said in an interview. That could pave the way for fully autonomous vehicles capable of handling dirt, ice and fog after 2030.The project is a unique challenge for autonomous-driving technology, which is generally focused on relieving the chores of daily driving such as stop-and-go traffic. JLR has already moved to establish itself in the race to develop street-ready systems by teaming up with Alphabet Inc.’s Waymo. The cooperation will add as many as 20,000 Jaguar I-Pace electric SUVs to the Google parent’s ride-hailing service beginning in 2020. The goal of the off-road research is to make the technology more robust as drivers in markets such as Russia, Brazil and the Middle East face conditions that are “less than ideal,” straining systems with dirt tracks, snowy roads or sandstorms, Clarke said. JLR said its plan is to make self-driving cars available in “the widest range of real-life, on- and off-road driving environments and weather.” Trending in Canada See More Videos Trending Videos RELATED TAGSLand RoverLuxury CarsLuxury VehiclesNew Vehicles advertisement Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | virtual panelPlayThese spy shots get us an early glimpse of some future models | The Rolls-Royce Boat Tail may be the most expensive new car ever Created with Raphaël 2.1.2Created with Raphaël 2.1.2 Land Rover Discovery SVX COMMENTSSHARE YOUR THOUGHTSlast_img read more

Volunteer for Fall Welcome

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: July 11, 2018 Join the university in welcoming new students and families to CU Boulder by volunteering for Fall Welcome. Starting with international student move-in on Aug. 18, Fall Welcome continues through Sept. 1 with more than 75 events during these two weeks. Interested?Who: Students, faculty, staff, alumni and community membersWhat: Fall Welcome 2018When: Aug. 18 to Sept. 1Where: Across campusLearn More & Sign UpThe purpose of Fall Welcome is to ensure the arrival of new students and families to CU Boulder is an engaging, healthy, inclusive and positive experience. To achieve this goal, enthusiastic volunteers are needed.“I look forward to seeing our campus come together to welcome our incoming students and families,” said Christina Gonzales, vice chancellor for the Division of Student Affairs. “Our volunteers are important because they create a positive and memorable Fall Welcome experience and support our students as they transition to life at CU Boulder academically and socially.”In addition to creating a positive move-in experience, Fall Welcome provides information on campus resources and ways to get involved, builds community and a love for the university, brings awareness of expectations and responsibilities and establishes a comfortable and welcoming environment to kick off the academic year.Last year saw 1,800 people volunteer to ensure the success of Fall Welcome. This year, volunteer shifts include helping students move in to their new campus home or assisting students and families in navigating around campus. There also are opportunities to volunteer at signature Fall Welcome events, such as Convocation, CU Kickoff and the Black and Gold Bash. Students, faculty, staff, alumni and community members are encouraged to join the tradition of welcoming students and families to CU Boulder by volunteering during Fall Welcome. Additionally, departments and offices can volunteer together; to register a group, please contact Hannah Wilks at 303-735-4600 or email [email protected]:Getting InvolvedCampus Communitylast_img read more

Sure Safety designs reusable PPE kits to combat COVID–19

first_img Phoenix Business Consulting invests in telehealth platform Healpha Sure Safety designs reusable PPE kits to combat COVID–19 Read Article Menopause to become the next game-changer in global femtech solutions industry by 2025 COVID-19PPEreusable PPESure Safety News By EH News Bureau on April 22, 2020 WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals The missing informal workers in India’s vaccine story Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Related Posts Comments (0) Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app The reusable PPE kit will mitigate challenge of biomedical waste generated by currently available kitsAt a time when the Government of India has taken various steps such as countrywide lockdown, curfew in some areas and  rapid testing to combat the spread of COVID–19, demand of personal protective equipment (PPE) has surged significantly for our corona warriors like doctors, nurses and other health workers. PPE has been playing a major role in protecting these people.Before the COVID-19 outbreak, India was largely dependent on overseas companies for such PPE kits. Over the past few months, Government of India has engaged many private Indian companies to manufacture PPE kits like masks, safety helmets, eye protection, gloves and high-visibility clothing items. Sure Safety has designed reusable PPE kits and is ready to produce it on large scale. The reusable PPE kit will also mitigate the challenge of biomedical waste generated by the currently available kits.Commenting on this innovation Nishith Dand, Managing Director and Founder, Sure Safety said, “Using innovation, we have readied what is perhaps India’s first reusable PPE kit. In few developed nations like Europe and the US, companies have recently begun making such kits. The waste generated from PPE kits can pose a great risk and we have used a new ‘air pass system’ to prepare new kits. We have done a pilot project with a hospital in Vadodara and are hoping to start deliveries of these kits to other hospitals soon.Moreover, the company has proposed ‘Global Safety Centre’ to Government of Gujarat to be prepared for future disasters, pandemics, nuclear / chemical warfare etc. Every two years, the country is faced with outbreak of diseases like bird flu, SARS, Ebola, Zika and now COVID-19 and such Global Safety Centre can help to fight such pandemics. Share Add Commentlast_img read more