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Cranswick gobbles up Yorkshire cooked poultry product firm

first_img whatsapp whatsapp Joseph Millis Thursday 23 October 2014 8:22 pm YORKSHIRE-based food-maker Cranswick yesterday announced the acquisition of premium cooked poultry producer Benson Park.In a statement, Cranswick, a major pork producer, said: “This strategic acquisition moves Cranswick into a new protein sector broadening both the group’s prod­uct range and its customer base.”Hull-based Benson Park employs 90 people and in the year to 31 August saw revenues grew strongly to £41.1 million. It supplies ingredients to customers who operate in the “food to go” sector of the retail multi-channel, conven­ience and food service markets.The transaction will be funded from Cranswick’s existing debt facilities and is expected to be “modestly earnings enhancing” in the current financial year.Adam Couch, the chief executive of Cranswick, which is also based in Hull, said: “A key component of the group’s long term growth strategy is to develop new product channels in its core UK market both in pork and other proteins.” Cranswick gobbles up Yorkshire cooked poultry product firm Share Show Comments ▼ More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Tags: Company Cranswicklast_img read more

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KCBC office in Pyongyang caught fire in August, sources report

first_img KCBC office in Pyongyang caught fire in August, sources report US dollar and Chinese reminbi plummet against North Korean won once again Facebook Twitter By Kim Song Il – 2018.11.06 3:50pm NewsEconomy News SHARE Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaderscenter_img North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) News RELATED ARTICLESMORE FROM AUTHOR AvatarKim Song Il News Korean Central Television (KCTV) broadcaster Ri Chun Hee. Image: KCTVA Korean Central Broadcasting Committee (KCBC) located in Pyongyang caught fire in mid-August, multiple sources in North Korea have reported.“Smoke rose from the building and it was just chaos, I heard. The fire broke out in a studio room. I heard the story from people who worked near the building,” a Pyongyang-based source reported on November 1.A separate source in Pyongayng added, “I went to Pyongyang to sell some products, and heard that a fire had broken out at a KCBC building.” Those responsible were punished and I heard that broadcasts were temporarily being made from the 105 Hotel [Ryukyong Hotel] until everything was repaired in September.”“The studio was extensively damaged by the fire, and it appears that [those responsible] have received the death penalty. [KCBC broadcasters] may have gone to the Ryugyong Hotel temporarily to continue their TV and radio broadcasts,” a defector originally from Pyongyang who maintains contacts there told Daily NK.The Ryukyung Hotel is 330 meters tall and hosts various communication antennas. There were previous plans to install a weather reporting station and TV transmission station at the hotel, making it an ideal temporary site to broadcast from.“When a major incident [like this] occurs, the Ministry of State Security (MSS) goes around making sure people don’t talk about it,” said an additional source in Pyongyang, explaining why the incident wasn’t reported earlier.“A fire breaking out at a propaganda outlet like KCBC might make people think spies were responsible, so the MSS makes sure no one talks about the incident. Generally, the rumors begin about such incidents two months after they happen.”KCBC is a state-run organization under the control of North Korea’s Cabinet and is one of the country’s premier TV and radio broadcasters together with Radio Pyongyang. KCBC operates the TV station Korean Central Television (KCTV), Korean Central Radio (KCR), and Korean Central News Agency (KCNA).*This article was amended on November 8, 2018 to signify that the building in question was affiliated with Korean Central Broadcasting but not necessarily Korean Central News Agency.last_img read more

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Investors warned about high-yield investment programs

first_img Facebook LinkedIn Twitter OSC finalizes DSC ban According to the advisory, these sorts of schemes generally promise very high returns, with little or no risk; and, they also often pay referral fees to current investors for bringing in new investors. “In this way, HYIPs blend elements of both Ponzi and traditional pyramid schemes into one scheme that can spread faster than ever before,” said William Beatty, president of NASAA and Washington Securities Director. “In the past, con artists relied on word of mouth to lure investors into these investments. Now they rely on the Internet and social media buzz to quickly popularize their schemes before the fraud is discovered,” Beatty added. The advisory includes tips to help investors recognize and protect themselves from these sorts of scams. It also encourages investors to contact their state or provincial securities regulator before investing. Keywords Investor protection,  Investment scamsCompanies North American Securities Administrators Association James Langton Don’t believe the hype: BCSC proposes new rules for stock promoterscenter_img Related news Securities regulators have issued a warning to investors about so-called high-yield investment programs. The North American Securities Administrators Association (NASAA) Thursday published a new investor alert about high-yield investment programs (HYIPs), which it says are effectively “Ponzi schemes sold by unlicensed individuals”. Share this article and your comments with peers on social media Retail trading surge on regulators’ radar, Vingoe sayslast_img read more

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Tax, charities rules under scrutiny as Liberals craft social finance strategy

first_img Share this article and your comments with peers on social media A group of experts is considering whether a niche should be carved out of the tax system to unlock billions in private cash for a range of programs that could help the homeless get off the street or boost the incomes of Indigenous Peoples. The heads of the advisory group say the issue is one of many being studied as part of work on a federal strategy on social finance, an area that looks to link the charitable and private sectors to deliver services that have a social or environmental benefit. How do you measure the impact of an impact investment? Related news Impact investing pioneers partner up Keywords Impact investing center_img Facebook LinkedIn Twitter Supporting racial justice through ESG investing What makes the approach attractive to governments is that it shifts the financial risk from taxpayers to investors in the delivery of social programs. The federal government currently identifies 69 companies as social enterprises, such as a 35-year-old Halifax bakery that employs marginalized people, and an online sock store that donates a pair for each one ordered. But there are many more that meet the criteria and multitudes of others that want to get involved. Rejigging the tax system was the most ambitious of five ideas presented in a briefing note late last year to the top civil servant at Employment and Social Development Canada. The ideas ranged from creating tax credits for charities running for-profit businesses with a social mandate to letting them earn as much as they want tax-free so long as the profits are reinvested in the operation. The Canadian Press obtained a copy of the briefing note under the Access to Information Act, among dozens of pages that outline the hurdles the social finance strategy is trying to overcome. Non-profits and charities have increasingly turned to the world of social finance as a way to tap new sources of funding as traditional sources like donations dry up. Various estimates suggest so-called impact investors in Canada are sitting on between $2 billion and $5 billion with the potential to grow to $30 billion within a decade. In some instances, governments pay private backers a premium for their investment if certain benchmarks are met, such as a marked improvement in essential job skills for participants. In other cases, the profits from a social enterprise go to investors, are reinvested in the business, or a combination of both. The Liberals made their first move on the social finance strategy in 2016 through tax changes to allow charities and amateur athletic associations to be involved in a limited way in a for-profit business without losing their charitable status. Since then, they have opened consultations on the upcoming strategy, launched a $4-million social impact bond to prod private investment into a program aimed at helping Canadians manage high blood pressure, and sent the lead minister on the file to the U.K. on a fact-finding mission. However, through it all, the sector has told the Liberals that Canada’s tax code and the rules around how charities can raise money remain a key hurdle. An inter-departmental task force report, also released under access-to-information law, noted community foundations and charities have abandoned ideas to start a social enterprise because it could put their tax-exempt status in jeopardy. The 2015 report suggested that allowing profits from a social enterprise to be tax exempt could put other small businesses at a competitive disadvantage, which federal officials fretted about allowing. The Liberals’ advisory committee is studying regulatory and legal issues to see what can be done, said Catherine Scott, the committee’s co-chair. “We hear from stakeholders that sometimes the rules are difficult to understand, or that the rules around the business activities of charities and non-profits can be problematic,” said Scott, director general of ESDC’s directorate on community development and homelessness partnerships. There are five other areas the advisory board is eyeing, including building capacity for charities to tap into non-traditional financing and create a viable social business, as well as expanding their market access. Committee co-chair Ajmal Sataar said the strategy is also likely to look at a two-fold awareness campaign: one, to help Canadians learn about social enterprises to help consumers when making purchasing decisions, and, two, for procurement officers in the public and private sector to open up more opportunities for the small businesses. “The purpose of social finance, social innovation, (and) social enterprise is to improve the lives of the most vulnerable Canadians and all Canadians,” said Sataar, founder of Inspire Nunavut, which runs training programs for youth in remote northern communities. He said if the strategy works, people will be able to “push the needle” on some of the most pressing social issues like affordable housing and food insecurity. Online consultations on the strategy close on the ESDC website Dec. 31. Scott said the advisory committee’s final report will be delivered in June. Jordan Press last_img read more

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NCC backtracks on MTN fine reduction

first_img MTN committed to Syria exit Related Nigeria’s telecoms regulator is prepared to reduce MTN’s $5.2 billion fine by 25 per cent, backtracking on an earlier offer to reduce the penalty by about one third.The Nigerian Communications Commission (NCC) wrote to the operator yesterday (3 December) saying it was prepared to reduce its fine to $3.9 billion.  Its previous letter on 2 December promised to cut it to $3.4 billion.No explanation was given by NCC for its change of mind. Nor did either letter explain how the two reductions were calculated.The deadline for payment of the fine remains unchanged at 31 December 2015.MTN is facing the fine after failing to cut off 5.1 million unregistered SIM cards from its network, with NCC stepping up efforts to verify the identity of subscribers amid concerns about terrorism.The situation has proved traumatic for MTN with three senior executives resigning in the wake of the fine and the company reeling from the crisis.MTN said it is “carefully considering” both letters and will immediately talk to the Nigerian authorities before making a formal response.MTN’s response is being led by executive chairman Phutuma Nhkelo, following the resignation of group president and CEO Sifiso Dabengwa last month. Two more executives tended their resignation yesterday – MTN Nigeria CEO Michael Ikpoki and the head of regulatory and corporate affairs, Akinwale Goodluck. MTNNCC MTN eyes $6B valuation for money unit Richard Handford Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 04 DEC 2015 Previous ArticleUber rivals expand alliance to take on ride-hailing pioneerNext ArticleMotorola Solutions agrees £818M deal for UK’s Airwave Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including… Read more MTN expects fintech spin-off within a year Author Home NCC backtracks on MTN fine reductionlast_img read more

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Oath revenue struggles persist in Verizon Q3

first_img Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Home Oath revenue struggles persist in Verizon Q3 Verizon sorts sensor supremo Previous ArticlePortugal app store wins case against GoogleNext ArticleHTC unveils price, specs for blockchain phone Amazon reels in MGM AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 23 OCT 2018 Diana Goovaerts Related Verizon shuffles executives Verizon’s wireless business made gains in Q3 with strong subscriber additions and rising revenue, but the progress was overshadowed by the continued underperformance of its Oath media business.On an earnings call, Verizon CFO Matthew Ellis noted Oath revenue dropped nearly 7 per cent year-on-year to $1.8 billion and revealed the business is now not expected to reach its target of $10 billion in revenue by 2020.While costs at Oath are being “managed well”, Ellis explained revenue growth is “not progressing as fast as we’d like”. However, he maintained the business is “focused on the right things”, adding Oath’s artificial intelligence and data analytics capabilities provide additional value across Verizon’s operations.The news follows the departure of Oath CEO Tim Armstrong earlier this month, and the transition of COO Guru Gowrappan to the top role to oversee “the next phase of Oath’s global growth strategy”.5G plansEllis also provided an update on Verizon’s 5G progress in the wake of its launch of fixed wireless access service in four markets on 1 October.He said much of what Verizon is learning in these initial markets relates to the home installation process, adding this knowledge will benefit the company in 2019 when it expands the 5G offering to a larger audience using 3GPP standards-based technology.Ellis said the timeline for launch of standards-based equipment will be determined by manufacturers, but noted the operator will be ready to deploy as soon as kit becomes available.On the mobile front, the CFO said Verizon was pleased by the Federal Communications Commission’s efforts to streamline small cell regulations, but doesn’t expect those rules to increase the pace of its 5G buildout.WirelessAhead of the 5G transition, Ellis said Verizon has plenty of room to continue growing its wireless business by adding new customers, moving existing subscribers up to higher price tiers and upgrading their devices.In Q3, Verizon added 515,000 post paid subscribers (excluding enterprise customers), compared with 603,000 in the comparable 2017 period. It ended the recent quarter with 112.1 million post paid connections, up from 109.7 million.Service revenue of $16 billion was up from $15.8 billion in Q3 2017 and equipment revenue rose to $5.4 billion from $4.4 billion. Total wireless revenue of $23 billion was up 6.5 per cent year-on-year.Consolidated revenue, including the company’s wireline and media businesses, of $32.6 billion was up 2.8 per cent from Q3 2017. Subscribe to our daily newsletter Back OathQ3 earningsVerizon Tags Authorlast_img read more

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Huawei claims US seeking more than 5G security

first_img Tags HuaweiNetworks Huawei argued market position rather than security concerns was underpinning US attacks on the company, as it responded to a UK government inquiry into 5G safety.The inquiry, being conducted by the House of Commons’ Defence Committee, comes as Huawei faces increased scrutiny in the UK following tightened US restrictions.US Republican Senator Tom Cotton told the inquiry Huawei was using its telecoms equipment to drive a “hi-tech wedge” between the countries, while warning using the vendor’s kit in UK networks could help the Chinese government hack into military operations.Cotton added the US could team with the UK and other allied nations to develop its own 5G technologies, stating they had the “capability and innovative entrepreneurial spirit” to develop technologies which “will far surpass in quality, performance and price, anything that China produces”.The Times reported last week the UK government was also exploring a similar approach to reduce its reliance on Chinese technology.No evidenceIn a statement responding to Cotton’s comments, Huawei’s UK VP Victor Zhang said the parliamentary committee was given no evidence to substantiate security allegations.“Today’s committee concentrated on America’s desire for a home-grown 5G company that can match or beat Huawei.”He added the company welcomes fair and open competition, “as it fosters innovation and drives down costs for everyone”.The UK government confirmed last month it was reviewing the impact of a US’ decision to restrict Huawei’s access to components produced overseas using domestic software and technology.Huawei was cleared in January by the UK government to provide a limited amount of 5G equipment in non-sensitive parts of networks, but the decision faced opposition from certain MPs. Subscribe to our daily newsletter Back Español FCC mulls expanded Huawei, ZTE bans Home Huawei claims US seeking more than 5G security Blog: How is chip shortage affecting US? AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 03 JUN 2020 center_img Kavit Majithia Previous ArticleIntelligence Brief: How promising is 5G in Taiwan?Next ArticleTelefonica et al launch Covid recovery programme Author Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more El fundador de Huawei propugna una transición hacia el software Relatedlast_img read more

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Scramble: Sights, sounds, surprises

first_imgIt’s raining PGA Tour cards in Ponte Vedra Beach (!), the Presidents Cup is upon us (!), and Anthony Kim speaks (!) in this week’s super exciting edition of Monday Scramble. He’s alive! He’s alive! He’s aliiiive! Anthony Kim spoke to the Associated Press in a story released early Tuesday morning. In it, Kim said he was suffering through multiple injuries over the years and was going to “step away from the game for a little while” to rehab his body. Step away? From what? So Kim is now going to really, truly, honestly not play professional golf? Yes. Triple stamp, no errasies. Kim is a fascinating figure because he dropped off the radar and left the public wondering why. But, more so, it has to do with his demeanor and perception. Any number of three-time Tour winners could go MIA and we wouldn’t stop setting our fantasy football lineups to notice. But Kim was young, brash and he partied. He sported long hair and big belt buckles (scandalous!). Add in reports of multiple tattoos with occasional rumors and you have a guy who, in the golf world, is ripe for celeb-type gossip and intrigue. Let’s hope he plays on Tour again, and doesn’t step away from stepping away from stepping away. The Tour is deep with young talent, 20-somethings who are gifted, marketable and personalbe. But there’s still an element of flavor missing. An extra does of spice to what Patrick Reed offers. Otherwise we live in a golf world where Rickie Fowler is considered “extreme.” Sigh. 1. Jordan Spieth was named Player of the Year on Friday. That’s what a 1-1-4-2 finish in majors, along with three other Tour wins and a FedEx Cup title will get you. That and $22 million. Commissioner Tim Finchem refuses to make voting results public. It’s hard to fathom this wasn’t unanimous, but, if it wasn’t, that shows why such Skull-and-Bones secrecy is detrimental. The more you hold people accountable, the closer you get to honest results. 2. The Tour’s Rookie of the Year was – one can only imagine without actual percentages to gauge – a much closer contest. Daniel Berger prevailed over Justin Thomas, Nick Taylor and Tony Finau. It seems pretty clear-cut: If you can make the Tour Championship, you can win ROY. But what really matters is where Berger goes from here. The last seven Rookie of the Year winners have combined for 10 Tour victories since their freshman honor, and eight of those have come from two players: Speith and Fowler. Berger is also the first player since Fowler in 2010 to win ROY without winning a Tour event. 3. Jim Furyk made it official on Friday when he announced that a lingering wrist injury would keep him out of the Presidents Cup. Furyk, who has a 20-10-3 record in seven Presidents Cup appearances, will serve as an assistant captain to Jay Haas. J.B. Holmes was selected to replace him. This is one of those things where you could debate the effect that this will have on the U.S. team … but then you remember it’s the Presidents Cup and it probably won’t affect the outcome. 4. Emiliano Grillo captured the Web.com Tour Championship and was one of 25 players to earn PGA Tour cards through the finals series. Added to the 25 players who were already in based on their seasonal earnings and that’s 50 new/returning members to the Big League. Chez Reavie leads the way, with Rob Oppenheim claiming the final spot by $101 over Eric Axley. Check out Will Gray’s column for more on Oppenheim and the final-day drama. 5. Oppenheim was one of five players to crack the finals’ top 25 in the final event, along with Derek Fathauer, Tyrone Van Aswegen, Robert Garrigus and Thomas Aiken. Garrigus got it done by making an 11-foot par putt on his final hole. The five who dropped out: Axley, Ryan Spears, Steve Allan, Justin Hicks and Jhonattan Vegas. Don’t worry, boys, there’s always Q-School. Oh, wait. No there’s not. 6. Suzann Pettersen gave a one-on-one interview to Golf Channel’s Tim Rosaforte this past week, in which she again apologized for her actions at the Solheim Cup. GolfChannel.com senior writer Randall Mell, however, wanted more answers. Pettersen certainly deserves her share of blame over what transpired on the 17th hole that Saturday in Germany, but not to be forgotten: Alison Lee picked up her ball when her putt was not conceded. She kick-started the controversy with her carelessness. Regardless of what she thought she heard or maybe what she assumed, Lee deserves a heap of blame placed on her shoulders. 7. SMU’s men’s golf team received a post-season ban and reduction of scholarships after the NCAA found multiple violations involving recruiting and unethical conduct under former head coach Josh Gregory. The penalty means senior Bryson DeChambeau will not be able to defend his individual national championship title. Obviously, the punishment doesn’t fit the crime, but NCAA “justice” doesn’t care who suffers as long as someone pays the price. Gregory, who cannot coach in college until 2019, told GolfChannel.com that he feels “terrible for the kids” and that he has “no desire” to work with the NCAA again. That’s rich. 8. Last Wednesday marked the one-year-out-iversary of the 2016 Ryder Cup. Opposing captains Davis Love III and Darren Clarke were showcased and interviewed at Hazeltine National. Love spoke about possibly being a playing captain and leading a team that might not include Woods or Phil Mickelson. Clarke discussed the difficulties in being captain and how he hopes to extend Europe’s dominance. And, of course, both men already view themselves as underdogs. 9. Thunderbear HO! Thojborn Olesen captured his third career European Tour victory by winning the Alfred Dunhill Links Championship. Olesen was a chic name after a pair of top-10s in the Open Championship and Masters in 2012 and ’13, respectively. But he simmered down and also dealt with a hand injury that sidelined him for three months this season. He now has a signature win to his credit, having won an event contested over three high profile venues: the Old Course, Carnoustie and Kingsbarns. Lion-O would be proud. 10. Americans acquitted themselves well in Scotland at the Dunhill Links. Brooks Koepka and Chris Stroud finished co-runners-up, while 2009 Open champion Stewart Cink tied for ninth. There’s really not much else to add. We’re filling space here, people. Did you hear the one about Tiger Woods being a Ryder Cup assistant in 2016?  Yeah, Judge, that’s a doozy. No, it’s not a joke. Davis Love said he’d love to have him if he doesn’t make the team and Notah Begay said he’d be a great fit. Definite possibility. Wait, is that where we are in Tiger’s career? How did we get here so fast? I wasn’t ready for this. Uh-oh … • Ever see “The Ring”? The movie where you watch a video and seven days later an evil creature emerges from your TV screen to get you. If you haven’t seen the video below of Ernie Els from Thursday at the Alfred Dunhill Links, be forewarned. And if you have, beware. The yips might be coming to getcha. • Bubba Watson appeared with former college coach Chris Haack on SEC Network’s Saturday pregame in Athens, Ga., where Georgia was taking on Alabama. Watson took a shot at Tebow, which one should never do, even in jest. Tebow, who had some good moments against the Bulldogs, picked ‘Bama to win. ‘Bama throttled Georgia. • Lexi Thompson posted a pair of hole-in-one accomplishments, on back-to-back days, to social media. Different holes, different clubs, different shoes, same course. • Jin Cheng, 17 from China, won the Asia-Pacific Amateur Championship after the final round was cancelled because of heavy rain and high winds. Hello, Augusta! • Fred Couples turned 56 on Saturday. He celebrated by avoiding human contact and not knowing it was his birthday.last_img read more

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News / A new ‘golden age’ for box shipping profits, but beware new competition, warns Drewry

first_img Maersk Line today announced a raft of increased FAK (freight all kinds) rates from Asia to North European ports from 1 January, valid for a month.For example, the maximum FAK rates to Rotterdam will be increased to $1,300 per 20ft and $2,400 per 40ft, from $1,175 and $2,150; Felixstowe rates go up to $1,350 and $2,500 from $1,225 and $2,250.Since 7 December, Asia-Europe carriers have been obliged to change the way they announce prices to customers and must now publish maximum, all inclusive rates for a route a month before implementation.This followed commitments given by the carriers to the European Commission after a five-year anti-trust investigation into alleged “price signalling”. By Mike Wackett 19/12/2016 Maersk appears to be the first major carrier to hike rates ahead of the Chinese New Year holiday, which falls on 28 January next year.Many carriers introduced revised FAK rates on 15 December on the route, including CMA CGM’s FAK rates of $1,250 per 20ft and $2,400 per 40ft.The container lines have been encouraged by the relatively robust state of the spot market, which for North Europe has remained above $1,000 per teu going into the Christmas period. This compares with 2015 when the Shanghai Containerized Freight Index (SCFI) component fell to $558 per teu.Drewry has even been suggesting that there could be a “new golden age for container line profitability”.It said: “With fewer global carriers and a break from ordering big new ships, the industry has been busy preparing the ground that could see the industry return to profitability after a long wait.”Nevertheless, Drewry added that it harboured a “nagging doubt” that “tells us not to get carried away”.Firstly, it noted, the “self-sabotaging streak” carriers have historically exhibited that had often “shortened booms and lengthened busts” for the industry; and secondly, because despite a few big carriers dominating “it does not mean that new competition won’t rise out of nowhere”.Drewry’s thinking on this relates mainly to the transpacific tradelane, where new entrant Korea Line, which bought up some of bankrupt Hanjin’s assets on the route, will “have to buy their way in with cheap rates” to get a footing in the trade.“So long as there is a surplus of vessels that keeps charter rates down and fuel prices are manageable, there are almost no barriers to entry,” it added.There is also a continued threat from state-owned carriers driven by governments around the world that are keen to expand their shipping footprints, said the consultant.Drewry noted that the Islamic Republic of Iran Shipping Lines (IRISL) had recently ordered four 14,500 teu ships as a first step in its renewed quest to become a global player in container shipping.last_img read more

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Premium / Supply chain radar: how to make sense of a combined Panalpina + CH Robinson entity

first_img Premium subscriber LOGIN Password* New Premium subscriber REGISTER By Alessandro Pasetti 08/02/2019 Email* Please Login Email* Please either REGISTER or login below to continue Reset Remember the imaginary conversation playing in my head some time ago between Charles Henry Robinson and Ernst Göhner, founders of CH Robinson (CHRW) and Panalpina (PAN) respectively?I have been wondering ever since how they would have got on, speculating whether they would have found much common ground – although, as I said a couple of years ago, “that would have been unlikely given that Mr Göhner was just nine years old when Mr Robinson died a mere four years after he had … LOGIN Forgotten your password? Please click here << Go back Reset Your Password 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 Premiumlast_img read more