News / Air India will remain our national carrier, orders government: no foreign owner

first_img© Denys Hedrovych Air India must continue to be majority owned by Indian nationals and the board must be made up of 60% Indians, according to reports covering the attempted privatisation of the carrier,The government has rejected a plan which would have allowed dilution of ownership: it can be no more than 49% foreign-owned and the carrier’s headquarters must remain in India.CH Aviation quotes an official in the Economic Times: “Airlines have shown interest in Air India, but we would like to wait for the final bids to come. The expectation is that not an airline but a consortium would bid for an airline of this size.”Carriers including Etihad and Indigo are said to have expressed an interest in the indebted Air India. By Alex Lennane 20/01/2020center_img India’s Ministry of Civil Aviation also said the carrier would continue to fly during the divestment process. In a social media post, it said: “The government, while going ahead with the disinvestment, would ensure that Air India continues to operate uninterruptedly and also improves its operations. There is no cause for worry to any of its stakeholders.”CH Aviation also reports that the airline is looking to secure more slots at Heathrow, and has temporary access that will allow it to increase its flights between Mumbai and London from mid-February to March,Meanwhile, India’s now defunct Jet Airways may see four of its ordered 787s be delivered instead to Biman Bangladesh, which told The Business Standard it was planning to add four 787s, from an order by an Indian airline, to its fleet. CH Aviation notes that now-bankrupt Jet had ordered 10 787-9s.Biman acquired two 787-9s in October, said to be for “a good price”, after Hainan Airlines cancelled an order.last_img read more

News / Zim rides the rising tide of volumes and rates: Q1 revenue doubles and profits soar

first_imgBy Gavin van Marle 20/05/2021 Israeli container shipping carrier Zim, recently listed on the New York Stock Exchange, rewarded investors yesterday, reporting first-quarter results that were among some of the best in the sector.The carrier saw Q1 revenue more than double year on year, to $1.744bn, on the back of soaring freight rates, and its revenue per teu rose from $1,091 in the Q1 20 to $1,925 this year.And it saw 28% year-on-year growth in volumes – so far the highest recorded by any carrier that publishes its results.Adjusted ebitda was $821m, compared with $97m the year before, with a 47% margin, and net profit was $590m, compared with a $12m loss in the first quarter last year.Zim carried 818,000 teu in the period (638,000 teu last year), a better growth rate than OOCL’s 23.8% and way above that of the largest carriers – Maersk reported a 5.7% increase in volumes, while Hapag-Lloyd recorded a 3% decline.Chief financial officer Xavier Destriau told The Loadstar the volume increase was largely the result of organic growth, in the particular trades it operated in, and modal shift, as increasing numbers of e-commerce customers switched from air freight to ocean.“We focus on profit as opposed to gaining market share, but in this quarter, that has translated into above-market growth because we entered trades that were under-resourced, we have been a pioneer in entering the e-commerce market and we have captured a significant amount of cargo that used to travel by air,” he said.In October, Zim signed a strategic cooperation agreement with Alibaba, allowing the Chinese e-commerce platform’s customers to book sea freight shipments directly, although CEO Eli Glickman (pictured below) added that Amazon had also become a significant customer.Last summer, its launched its standalone Zim e-commerce express (ZEX) service between southern China gateways and Los Angeles, which, according to the eeSea Liner database, deploys five 4,200 teu vessels.“An increasing proposition of our e-commerce customer are now signing long-term contracts with us,” Mr Glickman said, adding that annual contract negotiations were completed “months ahead of last year”, and the carrier had effectively been turning contract shippers away since.“We couldn’t meet all the demand and we have stopped signing contracts because we want to maintain a 50:50 mix between spot and contract markets.”A lot of Zim’s recent success has also come from its vessel-sharing agreement with 2M partners Maersk and MSC, both as slot charterer and vessel operator, which will expire in 2025.“We have provided two vessels on the new service between Vietnam and the US east coast and, although we are competitor of Maersk and MSC, and we compete hard, all the partners can see the benefit of jointly operating these services> And from our side we will do our best to extend the agreement,” Mr Glickman told The Loadstar.All this has left Zim with a healthy balance sheet, and capex this year will be directed toward investment in its container fleet.“We are an asset-light company when it comes to vessels, but we want to take the share of owned containers to over 30% of our fleet,” Mr Destriau said.“Crossing that threshold is a first step and I see owning containers as a good use of the cash we generated, because containers are a liquid asset and retain their value over the years, and even at the end of their lives there is a scrap metal value,” he added.Of the $590m it has allocated to buy containers, it has taken delivery of the first $121m tranche, with the majority to come in the second quarter and the remainder in the third and fourth.“Unlike other shipping companies, we have not experienced any shortage of containers – our customers have been fully supplied with all the equipment they need,” said Mr Glickman.It is unlikely, however, to be speaking to shipyards ordering vessels. A recent agreement with non-operating owner Seaspan for ten 15,000 teu LNG-powered box ships on 10-year charters is as far as its fleet expansion is likely to go.“We don’t have the flexibility we require if we own vessels – we want to make sure we can upsize and downsize to fully capture the volumes; we don’t want to own vessels that we then have to inject into trades they are not suitable for,” Mr Destriau said.“That said, we will always need some feeder-sized and mid-sized ships – the 15,000 teu vessels we will take on charter from Seaspan are an optimal size for the Asia-US east coast trade and are comfortable with the longer-term charter,” he added.Meanwhile, Zim’s shareholders were rewarded with a special $238m dividend, representing $2 per share, on top of the 2021 annual dividend.“We are now in a situation, thanks to the terrific quarter and because we have very strong visibility of the rest of 2021, where we have been able to repay debt early and return capital to our shareholders – this is just us doing what we said we would,” Mr Destriau added.last_img read more

Alex Azar, Trump’s HHS nominee, says addressing drug prices would be his top priority

first_imgPolitics Log In | Learn More About the Author Reprints What’s included? GET STARTED By Erin Mershon Nov. 29, 2017 Reprints Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED What is it? [email protected] Alex Azar, President Trump’s pick to lead HHS. Carolyn Kaster/APcenter_img Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Erin Mershon STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Alex Azar, Trump’s HHS nominee, says addressing drug prices would be his top priority Senior News Editor WASHINGTON — Alex Azar, President Trump’s pick to lead the Health and Human Services Department, didn’t mince words when he described his top priority for the agency, telling lawmakers Wednesday that drug prices are too high and must be lowered.“The president has made this clear, so have I,” Azar said. @eemershon Tags Congressdrug pricingpolicylast_img read more

Our preview of this weekend’s camogie finals

first_img It is set to be a bumper weekend of camogie as U12, U16, intermediate and even the little U6s are out in semi-finals and finals.On Saturday, September 15 the U6s play their end of year county blitz in Errill at 10am.Rathleague will play host to four sets of U16 semi-finals. At 3pm The Harps will take on St Brigid’s in the ‘A’ division while O’Moores play CRG in the ‘B’. Facebook Our preview of this weekend’s camogie finals WhatsApp Twitter Previous articleDeaths in Laois – Saturday, September 15, 2018Next articleLISTEN: Laois man reflects on historic days and infamous finals after over 30 years as Croke Park steward LaoisToday Reporter New Arles road opens but disquiet over who was invited to official opening Twitter Home GAA Camogie Our preview of this weekend’s camogie finals GAACamogieSport TAGScamogieLaois intermediate camogieU-16 Camogie Five Laois monuments to receive almost €200,000 in government funding Camross and Portlaoise go head-to-head in the ‘A’ competition at 4.30pm while on the other side of the ‘B’, Naomh Éamann will come up against St Lazarian’s.The ‘A’ and ‘B’ U16 finals take part on Saturday, September 22 with time and venue to be confirmed. Council WhatsApp Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Community By LaoisToday Reporter – 15th September 2018 RELATED ARTICLESMORE FROM AUTHOR On Sunday, Mountrath plays host to a full day of camogie action, with the U12 finals kicking the day off. The shield final between Banrion Gaels and Clough-Ballacolla throwns in at 11am.At 12pm, Portlaoise Green take on St Brigid’s while Naomh Éamann and The Harps do battle in the ‘A’ final. This is set to be a thrilling contest as they ended up with equal points at the end of the league, and The Harps only narrowly won by a point in a playoff between the two.Intermediate showdowns Two intermediate semi-final showdowns will also take place in Mountrath on Sunday evening.First up is Camross versus The Harps at 3.45pm. Camross are expected to make the finals from this but The Harps have been steadily improving throughout the year for this semi-final.Verdict: CamrossO’Moores will then face off against St Brigid’s at 5.45pm in what is expected to be a hotly contested battle from the off. O’Moores narrowly defeated St Brigid’s by two points in the group stages to leave both teams in second and third place consecutively.Since then, these two sides have faced-off in the league, where St Brigid’s comprehensively defeated a depleted O’Moores side – so this draw is sure to bring a lot of intensity from both teams.Verdict: O’MooresWhoever makes the intermediate county final will go head to head in O’Moore on Friday, September 21 – a venue that is well-welcomed by camogie players and fans alike.SEE ALSO – Our first ever Ladies football team of the week Community Pinterest Pinterest Facebooklast_img read more

Two huge fundraisers underway for Laois Alzheimer’s Society

first_imgHome News Community Two huge fundraisers underway for Laois Alzheimer’s Society NewsCommunity GAA Pinterest By Siun Lennon – 23rd August 2019 TAGSAlzheimer Society of IrelandLaois Alzheimer’sRaheen Vintage club Two tremendous fundraisers are underway for the Laois Alzheimer’s Society next month.A golf competition and vintage road run will be held, with all funds going to the The Alzheimer Society of Ireland Laois branch.The Heath Golf Club are hosting an open golf competition on Thursday, September 5, 2019.For a three person team event (any combination – two scores to count on each hole) cost €30 per team.Prizes go to the first place winners in Best Men’s Team, Best Ladies Team, Best Mixed Team.Timesheet on BRS at the Heath here or contact Rory Culliton on 087 2569987. Following this, Raheen Vintage Club will host a Vintage Road Run on Sunday, September 15, 2019.The run will commence from Colt GAA pitch, Raheen, Laois. Registration will start from 11am and we will depart at 12.30pm sharp. Vintage Cars, Vintage and Modern Tractors, Motorbikes and Lorries welcome. Registration fee is €20 per vehicle and there will be donation buckets out on the day. There will also be a raffle on the day to raise more funds. Each year Raheen Vintage Club holds several events such as vintage runs, ploughing day or a Vintage Show for different charities with this run in aid of the Laois Alzheimer’s Society.Established in 2009, the vintage club are celebrating their 10th anniversary this year.Laois Alzheimer’s Society Resource Centre at 47 Main Street Portlaoise is open Monday to Friday 9am-5pm. Laois Alzheimer Society is a Homecare Service for Laois people who are living with Dementia. We look after the day to day needs of people and assist in making life more enjoyable for their families. For any information on dementia contact Ann Munnelly on 057 866 3398/086 8372168 Home-care Coordinator 47 Main Street, Portlaoise, Co Laois R32 VRX8. Email: [email protected] ALSO – Mountrath to Portlaoise route still awaiting bus services Here are all of Wednesday’s Laois GAA results GAA RELATED ARTICLESMORE FROM AUTHOR Facebook Facebook Twitter WhatsApp Previous articleThree Laois martial arts kickboxers are heading to the European championshipsNext articlePreviewing the Intermediate football championship quarter finals Siun Lennonún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. WhatsApp Two huge fundraisers underway for Laois Alzheimer’s Society Twitter GAA Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Pinterest 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshinlast_img read more

First wave hit women and elderly hardest, StatsCan says

first_img A deadly first wave, followed by a tsunami of excess deaths James Langton Related news That trend subsided through the summer: from June through the end of September, national death rates have declined to their historical levels, StatsCan reported, although things may be shifting again as a second wave of infections has emerged.During the first wave, the vast majority (88%) of the excess deaths came in people aged 65 and over, StatsCan reported.Just over half (52%) of the excess deaths reported in the spring were among people aged 85 and older, and another 36% were in those aged 65-84.“This reflects the fact that deaths caused directly by Covid-19 disproportionately affected the elderly,” StatsCan said.The agency also reported that women suffered a higher share of the excess deaths, accounting for 53% of the added deaths and reflecting the fact that women make up a higher share of those aged 85 and over.StatsCan noted that among younger age groups, more men than women have died of Covid-19.While Covid-19 has been the predominant factor in Canada’s excess deaths this year, it has also had a variety of indirect impacts too — contributing to mortality trends through missed or delayed medical treatments for other conditions as well as contributing to increased drug abuse during the pandemic.For instance, while there was no excess death at the national level through the summer, StatsCan reported that, “British Columbia was the only province to record consecutive weeks of excess deaths in August and September, which may reflect increases in the number of deaths due to accidental overdoses.”To some extent, these indirect effects have been offset by fewer traffic-related deaths and workplace accidents. Canada’s first wave of Covid-19 sparked a jump in deaths, particularly among the elderly and women, according to the latest data from Statistics Canada.The agency reported that there were more than 7,500 excess deaths — mortality numbers that exceed typical trends — over the first three months of the pandemic (from March to the end of May). CERB payments went to workers hit hard by lockdowns: StatsCan Ontario unlikely to balance budget by 2030: FAO Share this article and your comments with peers on social media Facebook LinkedIn Twitter Keywords Pandemics,  CoronavirusCompanies Statistics Canada data connections Orbon Alija / iStocklast_img read more

Bring Jamaica Together Under God – PM Tells Church

first_imgBring Jamaica Together Under God – PM Tells Church UncategorizedMarch 17, 2008 FacebookTwitterWhatsAppEmail Prime Minister Bruce Golding is calling on the Church to help bring Jamaica together under God, a role which he said no other institution can perform.He said the government would be embarking on a campaign to mobilize the nation around things that are good and righteous, and the Church was required to play a lead role in that effort.Mr. Golding was speaking on Sunday (Mar. 16), at the closing of the 32nd Annual Camp Meeting of the Bishop Herro Blair led Deliverance Centre on Waltham Park Road under the theme ‘Rekindling the Fire.’He said Jamaica faces many challenges and problems, some of which cannot be fixed by any law. He said it was as if a satanic force had taken over the country and a spiritual force was therefore needed to take the country through this difficult period. He said hope for a future for Jamaica must be rooted in faith and the belief that God can move mountains. He said Jamaicans must be seized by the power of God and that as it is He who created us, it is through us that He can repair the country.Mr. Golding said politicians alone cannot lead the country, but are in need of God’s guidance in carrying out their duties. He thanked the leadership of the Deliverance Centre who, through Bishop Herro Blair as Head of the Peace Management Initiative, has taken Jamaica through some difficult times.Mayor of Kingston, Councilor Desmond McKenzie was also in attendance at the service. RelatedBring Jamaica Together Under God – PM Tells Church RelatedBring Jamaica Together Under God – PM Tells Churchcenter_img RelatedBring Jamaica Together Under God – PM Tells Church Advertisementslast_img read more

Tourism Continues to Grow – Bartlett

first_imgAdvertisements RelatedTourism Continues to Grow – Bartlett Tourism Continues to Grow – Bartlett TourismMay 25, 2009 RelatedTourism Continues to Grow – Bartlettcenter_img FacebookTwitterWhatsAppEmail Minister of Tourism Hon. Edmund Bartlett, has said the tourism industry continues to experience growth in key areas, and that the demand for trained personnel in all areas of the industry is great.“As we grow our room stock, as we expand the industry and as we bring more visitors to the country, the need for high quality service becomes more and more apparent. Therefore, the need for us to be able to turn out a powerful force of trained, qualified and equipped workforce in the industry is indeed an imperative,” the Minister emphasised.Mr. Bartlett was giving the keynote address at the Montego Bay Community College Hospitality and Creative Studies Department’s Job Readiness Seminar, which was held at the Half Moon Conference Centre, in Montego Bay, St. James on May 22, under the theme, ‘Career Development: Remaining on the Cutting Edge in this Global Economic Downturn’.The Minister spoke of the establishment of a hotel/school, where the students would be fast-tracked in order to fill the gap of the shortage of qualified workers.Minister of Tourism Hon. Edmund Bartlett (left), in conversation with Principal of the Montego Bay Community College, Dr. Angela Samuels-Harris (right) and Marketing Director of Half Moon Hotel, Myrtle Dwyer, at the Montego Bay Community College Hospitality and Creative Studies Department Job Readiness Seminar, held at the Half Moon Conference Centre, in Montego Bay, St. James on May 22. The seminar was held under the theme: ‘Career Development: Remaining on the Cutting Edge in this Global Economic Downturn’.“The vision to establish a School of Hospitality in the West is indeed to fill a gap which definitely exists, particularly for individuals who are already in the industry, and who may not have the academic qualification to be matriculated in some of our tertiary institutions. They can now find a training institution that is a natural fit for them, acquiring special skills in order to move them on to become managers and general managers in the long run,” Mr. Bartlett said.He told the large group of hospitality students that they are entering an industry that is critical and pivotal to the economic, social and political stability of the country.“So, to be ready to work in this industry is a serious business and it requires a level of application that you must recognise is even greater than yourself, so you must go out with every fibre of your being to be well prepared to serve this industry, because in serving the tourist industry, you are serving the nation,” Mr. Bartlett said.Some topics covered at the seminar were: team building and work ethic, effective communication, social graces, career development and civility in the workplace. RelatedTourism Continues to Grow – Bartlettlast_img read more

2019 Shelby GT350 borrows aero tricks from upcoming GT500

first_imgCreated with Raphaël 2.1.2Created with Raphaël 2.1.2 To improve the new Ford Mustang Shelby® GT350 driver confidence and lap times, Ford Performance leveraged its Mustang road course racing programs and all-new upcoming Shelby® GT500, infusing GT350 with the very latest in track and street technology. The Rolls-Royce Boat Tail may be the most expensive new car ever Ford took the covers off of its 2019 Shelby GT350 Mustang early June, revealing a car that looked a twin to the last model year but that featured aerodynamics tricks borrowed from the upcoming 700-horsepower GT500.That includes a grille closeout, a new rear wing and an optional “Gurney flap” – a small car-width tab that hangs off the back of the spoiler – for less drag and more downforce. In concert with a host of chassis tweaks, the adjustments also improve handling.New GT350-specific Michelin Pilot Sport Cup 2 tires help to that end, too, and also aid acceleration and braking. Stopping the car are six-piston Brembos up front, with four-piston brakes out back. 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” Trending Videos RELATED TAGSFordMustang Shelby GT350News advertisement We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. The 2019 Shelby Mustang GT350 begins delivery in early 2019. Canadian pricing has not yet been revealed. The 5.2-litre V8 is still turning out 526 horsepower and 429 lb-ft of torque via a six-speed manual, but if you want to tip off enthusiasts that your Shelby is the refined and aero-improved 2019 spec, just order it in Ford Performance Blue, available for the first time this year. See More Videos Trending in Canada 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 | COMMENTSSHARE YOUR THOUGHTS ‹ Previous Next ›last_img read more

CU Boulder sources available to discuss Super Bowl

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Feb. 3, 2017 • By Elizabeth Lock The following University of Colorado Boulder faculty experts can address various topics related to professional sports and the Super Bowl, which is on Sunday, Feb. 5.Proposition betting: Robert Donchez can address “prop betting,” or off-the-wall betting on the Super Bowl. The practice involves placing bets on crazy things, according to Donchez, such as “what jersey number will score the first touchdown, which song will Lady Gaga perform first during the halftime show, or will Donald Trump tweet the name Tom Brady during the Super Bowl?” Donchez is the director of the Business of Sports Program at the Leeds School of Business. Reach Donchez at 303-492-5916 or [email protected]: David Small can address advertising and ad development. With former agency experience, he is an instructor of advertising, public relations and media design at the College of Media, Communication and Information. Reach Small at [email protected] cost, spending, history: Melinda Kiger Cheval can discuss advertising spending and costs, as well as the history of super bowl advertising. She is a senior instructor of advertising, public relations and media design. Reach Kiger Cheval at 303-492-2819 or [email protected] and corruption in sports: Roger Pielke Jr., an expert in the governance of sports organizations, can address fraud and dishonesty in sports. He is a professor and the director of the Sports Governance Center in CU Athletics. Reach Pielke at [email protected] further assistance contact Elizabeth Lock in CU Boulder media relations at 303-492-3117 or [email protected]last_img read more