4 Jul

News / Maersk and MSC unveil new 2M Asia-Europe network, with 17 fewer port calls

first_imgBy Gavin van Marle 19/03/2018 2M alliance partners Maersk Line and MSC will launch a revamped Asia-Europe and Asia-Mediterranean network in May that will see port calls reduced by 17.Maersk Line announced this morning it had taken the step of reducing the number of calls as a way of maintaining better schedule reliability.“Port congestion and weather conditions have, among other factors, traditionally impacted reliability on Asia-Europe services,” said Maersk.“Changes introduced by Maersk Line will address these challenges by significantly improving buffers in schedules, making it easier to accommodate potential disruptions and thus minimising the impact on service delivery,” the company said.Johan Sigsgaard, Maersk Line’s head of Europe trade, added: “Forced port omissions disrupt cargo flows and impact our customers’ supply chains. This network is designed to reduce the necessity to omit ports.”Maersk said reliability would be “enhanced” by reducing duplicate port calls and “allocating more buffer time around hub ports”, which will lead to the reduction of 17 port calls, although an additional vessel will also be added to the network.Maersk also claimed that the revised network would allow it to “better balance available capacity across markets, reducing the risk of oversupply and providing strengthened services to key Asian and European ports”.It said that direct coverage of all main markets has been maintained “with tailored products designed for North European, Mediterranean and Adriatic countries and with attractive coverage of main Middle East markets”.Full details of the new schedules can be found here.Meanwhile, customers with shipments on the fire-stricken Maersk Honam continue to wait to hear the condition of their cargo. According to AIS data, the vessel is under tow and headed north, although the port of discharge remains to be identified.Maersk called general average on the vessel last week following the fire in one of its holds on 6 March, leading to the tragic death of crew members.last_img read more

21 Jun

Cape Coral boy receives ‘Captain Mike Urraro Memorial Scholarship’ to play football

first_imgAdvertisementTags: cape coral police departmentScholarship Car splits in two after slamming into Cape Coral power pole June 16, 2021 Fort Myers man arrested for stealing puppy facing new charges in stealing spree June 14, 2021 CCPD officers cracking down on illegal ATV’s this weekend June 11, 2021 Advertisement Cape Coral man thrown from car killed when vehicle flips on top of him June 14, 2021 RELATEDTOPICScenter_img AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments CAPE CORAL, Fla. – A 9-year-old Cape Coral boy became the first recipient of the “Captain Mike Urraro Memorial Scholarship,” a scholarship named for a Cape Coral Police captain who passed away in 2020. The scholarship was put in place to help underprivileged kids participate in Pop Warner Football, according to the Cape Coral Police Department. Photo courtesy of the Cape Coral Police Department: Captain Michael UrraroAnthony Green, 9, was presented the scholarship Monday and will be playing football for the ‘Storms’ football program. Photo courtesy of the Cape Coral Police DepartmentThis is the same football program Captain Urraro, known to many as “Coach Mike,” coached and mentored for years in Cape Coral, police said. Advertisement Urraro’s sons met Green at the field called “Michael Urraro Field” to run drills and practice with the scholarship winner. Photo courtesy of the Cape Coral Police DepartmentThe scholarship was presented by the Cape Coral Police Athletic association and will pay for registration fees for recipients and purchase any sports equipment that is needed.Photo courtesy of the Cape Coral Police DepartmentThe Cape Coral Police Department said they can’t think of a better way to honor the late captain. AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisementlast_img read more

18 Jun

Equity crowdfunding platform launches in Canada

Keywords Exempt market,  Crowdfunding NEO launches private placement platform Share this article and your comments with peers on social media Facebook LinkedIn Twitter IE Staff Calgary-based Crowd Capital Inc. announced Wednesday that it has signed a partnership agreement with Dublin-based SeedUps(IRE) Ltd. and is getting ready to launch its crowdfund investing platform. In addition, Crowd Capital is re-branding as SeedUps Canada. Two-year streak without compensation refusal ends for OBSI The company will use equity crowdfunding technologies developed by SeedUps (IRE), and compliance functionality developed by ECN — the Exempt Capital Network. The firm’s plan is to present private placements to investors that have between $1,000 and $50,000 they wish to invest in Canadian entrepreneurs with early stage businesses. SeedUps Canada’s issuers will offer their securities through current exemptions defined in National Instrument 45-106, Prospectus Exemptions and Regulations and its companion Blanket Order 45-512. The firm says its crowdfund investing platform will facilitate capital raises for early stage companies seeking between $250,000 and $2 million in capital and will be accepting investor registration and business proposals effective today at http://www.seedups.ca. The company expects to launch with live offerings in November under applicable securities regulations and compliance. There are currently no defined rules for crowdfund investing in Canadian securities regulations, but the Ontario Securities Commission (OSC) says it is continuing to work on a crowdfunding exemption, as part of its efforts to modernize the exempt market regime in Ontario. “The momentum is in our favour,” says Sandi Gilbert, Crowd Capital CEO, “and we expect to see more changes in the coming months. When and if these changes happen, we’ll be ready to expand the platform to support true crowdfunding.” Related news Private placement platform debuts new features read more

16 Jun

Queensland to retain veto on automatic mutual recognition

first_imgQueensland to retain veto on automatic mutual recognition Treasurer and Minister for Investment The Honourable Cameron DickThe Palaszczuk Government will reserve its right to veto the operation on some or all provisions of automatic mutual recognition to ensure community safety and the high standards of Queensland’s occupational licensing. Treasurer Cameron Dick said that Queensland had secured clauses in the intergovernmental agreement to ensure Queensland’s high standards would not be compromised. “Queensland supports common sense mutual recognition, but under no circumstances will we compromise our world leading standards for fire safety, electrical and plumbing trades that are based on formal qualifications,” the Treasurer said. “This includes ensuring interstate arrivals continue to engage with Queensland’s regulators, such as the Electrical Safety Office, before undertaking work that could compromise safety or standards” “The agreement allows Queensland to withdraw its participation in the scheme in whole or in part, and we will not hesitate to act if other states do not step up to our high standards”. /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:agreement, Australia, community, fire, Government, operation, Palaszczuk, QLD, Queensland, Safety, veto, worldlast_img read more

15 Jun

Leaked photos of the BMW Z4 show it looks like the concept

first_img 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” Screenshot / SupraMkV.com Created with Raphaël 2.1.2Created with Raphaël 2.1.2A leaked image of the 2019 BMW Z4 roadster. Photos leaked by a Supra forum have offered enthusiasts a first look at the production 2019 BMW Z4, and it looks an awful lot like the concept car revealed one year ago.The images published on SupraMKV.com, apparently of an M40i trim car, show us a two-seater that sports almost all of the design features the Z4 Concept did.The differences lie mostly in details and in some slightly less dramatic proportions, though as far as BMW sports cars go, this is definitely one of the most balanced-looking the German automaker’s turned out in a while. COMMENTSSHARE YOUR THOUGHTS Trending in Canada See More Videos We’ll keep our eyes peeled for the 2019 BMW Z4 while we’re there, and hope to hear more about how its launch will shake out very shortly. RELATED TAGSBMWZ4News Created with Raphaël 2.1.2Created with Raphaël 2.1.2 A leaked image of the 2019 BMW Z4 roadster.  Screenshot / SupraMkV.com The Rolls-Royce Boat Tail may be the most expensive new car ever ‹ Previous Next › advertisement The concept car made its debut at the 2017 Pebble Beach Concours d’Elegance, and BMW has said it has a reveal planned for this year’s event, too, on August 26. It would make sense if the car it pulled the covers off of was the production Z4, since it’s obviously ready, and the high-end concours is the perfect venue for it to finally bow. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. While BMW’s kept a lid on many of the car’s mechanical and performance details, we do know it will boast a turbocharged inline-six-cylinder, at least one version of which will deliver a healthy 382 horsepower and 369 lb-ft of torque.Rumours are those numbers may be for a higher-trim car, suggesting less-powerful more-affordable versions will likely be offered at some point, if not at launch.Created with Raphaël 2.1.2Created with Raphaël 2.1.2A leaked image of the 2019 BMW Z4 roadster. Screenshot / SupraMkV.com Trending Videos 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 | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca last_img read more

14 Jun

Top research stories of the week: March 24 edition

first_img Published: March 24, 2017 This animation shows Arctic sea ice from minimum in September 2016 through the maximum in March 2017. Credit: NASA. This week’s top research stories include satellite imagery showing that Arctic sea ice was at a record low maximum extent for the third straight year, images of Comet 67P and a new study on prison’s effect on gang membership.Arctic sea ice maximum at record low for third straight yearArctic sea ice was at a record low maximum extent for the third straight year, according to scientists at the National Snow and Ice Data Center (NSIDC) and NASA. The National Snow and Ice Data Center (NSIDC) is part of the Cooperative Institute for Research in Environmental Sciences at CU Boulder. The 2017 Arctic maximum is now the lowest in the 38-year satellite record, beating 2015’s maximum of 14.517 million square kilometers (5.605 million square miles) on Feb. 25, and 2016’s maximum of 14.52 million square kilometers (5.606 million square miles).Comet 67P full of surprisesImages returned from the European Space Agency’s Rosetta mission indicate the surface of comet 67P/Churyumov-Gerasimenko was a very active place during its most recent trip through the solar system, says a new study led by CU Boulder. The images show the comet’s surface is full of growing fractures, collapsing cliffs and massive rolling boulders. Moving material buried some features on the comet’s surface and exhumed others. A study on 67P’s changing surface was released Tuesday in the journal Science.Gang membership seldom originates in prison, new study suggestsJuvenile offenders are more likely to leave a gang than join one while incarcerated, according to a surprising, first-of-its kind study by CU Boulder criminologist David Pyrooz. The study also found that gang membership is highly durable, with members bringing their affiliations into the correctional system from the street and taking it with them when released.center_img Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img read more

11 Jun

Broken gas main leads to hours without power

first_imgHomeFeaturedBroken gas main leads to hours without power Apr. 30, 2021 at 10:27 amFeaturedNewsBroken gas main leads to hours without powerBrennon Dixson1 month agoNo tagsOrange box outlines the area affected by the broken gas main Residents near the area of Wilshire Boulevard and Montana Avenue and Stanford Street and Centinela Avenue should expect water, gas and power interruptions through Friday night as utility crews work to repair a broken gas main in the area. Santa Monica Fire Department officials have repeatedly asked via Twitter that non-residents avoid the area while utility crews complete repairs on the gas main rupture. At noon Thursday, SMFD tweeted, “LIPTON AV Closed from CENTINELA AV to STANFORD AV. Please Avoid the area – use alternative routes.” However, at 9 a.m. Friday, SMFD said, “Utility repairs continue in the area of Lipton/ Stanford. Residents/businesses in Santa Monica may smell and natural gas odor while crews continue to perform work.”center_img SoCal Gas was on the scene soon after according to fire department officials, who said repairs were estimated to be completed sometime between 7-9 p.m. 311 is temporarily unavailable, so residents are encouraged to call 310-458-4981 for assistanceshare on Facebookshare on Twitteradd a commentDelivery bots get green light to serve cityLaughing Matters – My Covid Shots and Caitlyn JennerYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall5 hours agoNewsCouncil picks new City ManagerBrennon Dixson15 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter15 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor15 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press15 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press15 hours agolast_img read more

31 May

Munoz extends lead at Greenbrier; Love 4 back

first_imgWHITE SULPHUR SPRINGS, W.Va. – PGA Tour rookie Sebastian Munoz has found a comfortable routine at The Greenbrier Classic – go play golf, then watch a movie at night. After catching ”Ferris Bueller’s Day Off” following an opening-round 61, Munoz kept it going Friday, shooting a 3-under 67 for a three-stroke lead over Ben Martin and Hudson Swafford heading into the weekend on the Old White TPC. On Friday night, his plans were the same. ”I’m here with one of my best buddies, so we’re just going to hang out and watch a movie and be ready for tomorrow,” Munoz said. Munoz has been in this situation before. At the St. Jude Classic last month, Munoz was tied for the lead through 36 holed, but he played the final two rounds in 11 over and finished tied for 60th. ”I feel like Memphis taught me that maybe I was caring too much, trying to hit too many perfect shots all the time,” Munoz said. ”(I’ll) just take those past experiences and use them this week.” The Greenbrier Classic: Articles, photos and videos The 24-year-old Colombian played his college golf at North Texas and said he got a wake-up call when his coach threatened to take away his scholarship for his senior year. Then, former college teammate Carlos Ortiz won three times in his first season on the Web.com Tour in 2014. ”I talked to him and was like, ‘Hey, man, I know you’re good, but come on. Like, I can get you sometimes,”’ Munoz said. ”So that really helped me kind of push through and realize I was good as well.” Munoz won the Conference USA individual title in 2015 and earned his PGA Tour card through the Web.com Tour last year. He’s still looking for his first top-10 finish. Starting his second round on the back nine, Munoz birdied four of his first seven holes, making three putts of over 20 feet. After two bogeys on the front nine, he made a 13-footer for birdie from the fringe on the par-4 seventh. He was at 12-under 128. No first-round leader has won at Old White TPC since the tournament debuted in 2010. Munoz’s closest challengers all have victories on tour. Swafford, who hit 17 of 18 greens in regulation Friday, won the CareerBuilder Challenge in January and has two other top 10 finishes this season. Martin, who won in Las Vegas in 2014, is coming off his first top 10 finish of the year last week at the Quicken Loans National. Martin shot 67 and Swafford had a 66. Both were at 9 under. Davis Love III, seeking to become the oldest-ever winner on the PGA Tour, followed up his first-round 63 with a 69. He was at 8 under, along with defending champion Danny Lee (68) and Russell Henley (64). Phil Mickelson accomplished one thing he never managed with longtime caddie Jim ”Bones” Mackay on the bag – he made the cut at The Greenbrier Classic. He did not play the weekend in three previous starts. Mickelson had five bogeys and three birdies to shoot 72 and make the cut on the number at 1 under. ”This has been probably the two worst putting days I’ve had this year,” Mickelson said. ”The greens are perfect. I just haven’t putted well.” Mickelson and Mackay announced after the U.S. Open they were parting ways. Tim Mickelson is carrying his brother’s bag for the rest of the year. Mackay has signed to do on-course commentary for NBC and Golf Channel.last_img read more

27 May

‘Enough is Enough,’ Obama Says, Calling for Deal

first_img Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. WASHINGTON – Amid new warnings and fresh signs of strain, President Barack Obama and congressional leaders are entering a perilous endgame in their debt limit standoff. The president, declaring “enough is enough,” is demanding that budget negotiators find common ground by week’s end.At the same time, the Senate’s top Republican has gained followers for his own last-ditch scheme to avoid a government default.The continuing impasse as an Aug. 2 deadline approaches is unsettling Wall Street, which until now has been performing as if an increase in the debt ceiling wasn’t in doubt. Tensions between the president and Republican leaders have increased amid protests and pressure from the financial world.“No one can tell me with certainty that a U.S. default wouldn’t cause catastrophe and wouldn’t severely damage the U.S. or global economy,” Jamie Dimon, CEO of JPMorgan Chase & Co., told reporters Thursday. “And it would be irresponsible to take that chance.”Moody’s Investors Service said Wednesday it will review the government’s credit rating, noting there is a small but rising risk that the government will default on its debt. If Moody’s were to lower the ratings, the consequences would ripple through the economy, pushing up rates for mortgages, car loans and other debts. A Chinese rating agency, Dagong Global Credit Rating Co., also warned of a possible downgrade.Federal Reserve Chairman Ben Bernanke, addressing lawmakers, warned Wednesday that not increasing the nation’s debt ceiling and allowing the nation to default on its debt would send “shock waves through the entire financial system.”In the cauldron of the White House Cabinet Room, Obama and top lawmakers bargained for nearly two hours Wednesday on spending cuts. Obama curtly ended the session when House Majority Leader Eric Cantor, R-Va., urged him to accept a short, monthslong increase in debt instead of one that would last through next year’s presidential election.“Enough is enough. … I’ll see you all tomorrow,” Obama said, rising from the negotiating table and leaving the room, according to several officials familiar with the session.The United States hit its current $14.3 trillion debt ceiling in May and the Obama administration says the government will default on its obligations if the debt limit is not increased by Aug. 2. For a new debt ceiling to last to the end of 2012 would require raising it by about $2.4 trillion.Republicans, in control of the House of Representatives in part because of the support of tea party activists, say they will not vote to raise the limit if Obama doesn’t agree to at least an equal amount of deficit reductions over 10 years.Obama and the top eight House and Senate leaders met for the fourth time in as many days Wednesday, and, despite the tense ending, agreed to meet again Thursday. Cantor, speaking to reporters after the meeting broke up, said the White House had been lowering the amount of spending cuts it would put on the table, offering less than $1.4 trillion over 10 years, mostly in domestic and defense spending outside of the major benefits programs Medicare, Medicaid and Social Security.The White House argued that the total was closer to $1.7 trillion over 10 years when counting about $240 billion in reduced interest payments from the lowered debt.Earlier, in comments to a small group of reporters before the White House session, House Speaker John Boehner complained that negotiating with the White House “the last couple months has been like dealing with Jell-O.”Democratic officials have portrayed the White House as the more flexible party in the negotiations, willing to cut cherished programs like Medicare, Medicaid and Social Security, provided Republicans agree to some increases in revenue. Thursday’s meeting was to focus on spending cuts in the two health care programs and on new tax revenue.With talks reaching a critical stage without real breakthroughs, some Republican and Democratic lawmakers were looking at a plan proposed by Senate Republican leader Mitch McConnell that would give Obama new powers to overcome Republican opposition to raise the debt ceiling.The proposal would place the burden on Obama to win debt ceiling increases up to three times, provided he was able to override congressional vetoes — a threshold Obama could manage to overcome even without a single Republican vote and without massive spending cuts. Conservatives promptly criticized the plan for giving up the leverage to reduce deficits. But the plan raised the prospect of combining it with some of the spending cuts already identified by the White House in order to win support from conservatives in the House.In an interview with radio talk-show host Laura Ingraham, McConnell described his plan in stark political terms, warning fellow conservatives that failure to raise the debt limit would probably ensure Obama’s re-election in 2012. He predicted that a default would allow Obama to argue that Republicans were making the economy worse.“You know, it’s an argument he has a good chance of winning, and all of a sudden we (Republicans) have co-ownership of a bad economy,” McConnell said. “That is a very bad positioning going into an election.”The proposal won praise from two disparate points in the political spectrum — Republican Sen. John McCain of Arizona and Senate Democratic leader Harry Reid of Nevada.“I am heartened by what I read,” Reid said. “This is a serious proposal. And I commend the Republican leader for coming forward.”McConnell’s plan was even winning some consideration in the White House. Democratic officials said that even as Obama confronted Cantor and Boehner in Wednesday’s meeting, he commended McConnell.“Sen. McConnell at least has put forth a proposal,” a Democratic official quoted the president as saying. “It doesn’t reduce the deficit and that’s what we have to do. It just deals with the debt limit. Now Sen. McConnell wants me to wear the jacket for that.”The officials said Obama went on to say they all had a responsibility to find a compromise. Emaillast_img read more

25 May

Low-sulphur fuel switch increases loss of propulsion risk for ships in Europe’s ECAs

first_imgBy Mike Wackett 25/09/2014 OOCL is the latest ocean carrier to announce a low-sulphur fuel surcharge from January 1, the date when stricter IMO emission control regulations come into force for ships transiting the ECA regions of the Channel, North Sea and Baltic Sea.The maximum sulphur content in bunker fuel permitted in the ECA zones will reduce from 1% to 0.1%, requiring ship operators to switch to tanks of distillate fuel, which is around 50% more expensive.In a customer advisory, OOCL said: “At this time, it is very difficult to predict the exact financial impact of this new regulation (due to the unpredictable and fluctuating nature of fuel prices) on our operations.  But once the new regulation is in effect, it is our intention to adjust our Bunker Adjustment Factor (BAF) formula to incorporate the new LSMGO (low-sulphur marine gas oil) 0.1% fuel costs, using the actual ratio required on the round voyage.”The hike in fuel costs could come at a difficult time for OOCL and its peers, if attempts to impose general rate increases continue to fail and cargo demand is soft, thus making the surcharge difficult to implement. Notwithstanding the financial implications, ship operators and P&I clubs are expressing some concern about the requirement for frequent changeovers between different types of fuel.From January thousands of ships will need to switch tanks to low-sulphur fuel as they approach the boundaries of the European ECAs and, based on experience in California, there will almost certainly be transition problems.Following the stricter regulations in Californian waters, where the lower limit was imposed this January, the number of LOP (loss of power) incidents spiked as ships struggled to adapt to the switch to low-sulphur fuel.In an alert to its members, P&I club Gard highlighted the problem of the very low viscosity of low-sulphur fuel and advised:”When changing to low-sulphur fuel, several engine problems can occur; one of which is thermal shock in the fuel system due to the rapid change in temperature and poorer lubrication qualities of low sulphur fuel.“This can result in sticking/scuffing of the fuel valves, fuel suction valves and fuel pump plungers, which can lead to shut down of the main engine followed by manoeuvring problems.”Experts have also flagged up the very real risk of external combustion or fire from leaks caused by the introduction of distillate fuel into the system.For the avoidance of problems, Gard recommends that the changeover procedure should be practised before entering restricted waters, especially on ships that do not regularly perform fuel changeovers.To date, none of the LOP incidents in Californian waters resulted in a collision or grounding, but in Europe, with more than 500 ships a day transiting the world’s busiest shipping lane and crisscrossing between ports, the risk of maritime casualties could be significantly greater in the first weeks of the new ECA requirements.last_img read more