News / Bad news for carriers in contract talks as transpacific spot rates soften

first_imgTriple ULCS Call at APM terminals Pier 400 Los Angeles February 2015 Container shipping lines operating on the transpacific trade, hoping pre-Chinese New Year gains in spot market eastbound rates would lead to higher 2017 annual contract rates, could be disappointed.Delegates at this week’s TPM conference in Long Beach heardthat although there was an unexpected boost to spot rates levels in the early part of the year, the market has subsequently began to soften, and on the sidelines of the conference talk was of annual rate levels that will do well to better $1,000 per 40ft.Tan Hua Joo, executive consultant at Alphaliner, said sentiment on the trade was likely to take precedence over economics.“The carriers managed some increases in spot rates, but the levels are not as high as they had hoped for, and over the next three to four weeks, as new alliances and new carriers come into operation, the spot market will be further weakened.“I’m afraid that what is going to drive pricing at the moment is no longer demand and supply, but carrier behaviour, and for that reason I am negative on short-term rate developments. Any increase in annual contracts over last year will, unfortunately, be quite small.”He explained that unlike the Asia-Europe trade, which has gained some measure of stability after two years of sclerotic volatility, largely due to the fact that from April, it will be controlled by just the three new alliances, with just one independent service – Zim’s Asia-Mediterranean loop. The rest of the capacity will be in the hands of the 2M, Ocean and THE alliances.In contrast, Mr Tan showed, some 18% of transpacific capacity will be operated by independent carriers, which mean different dynamics propelling the trade –  particularly in terms of what happens to the spot market.According to the latest SeaIntel maritime analysis, carriers would need to secure year-on-year contract rate increases of 37% to the US west coast if they are to return rates to historical levels.It says: “It is very clear that pricing agreed during contract negotiations in spring 2016 became completely detached from any previous relationships, and shippers managed to obtain rate levels significantly below what was indicated by the subsequent spot developments.“The reason for this is likely the highly negative market sentiment in early spring 2016, when spot rates on some key trades were literally approaching zero.“It is also clear, in hindsight, that this negative sentiment led to the introduction of rate levels on the transpacific which were clearly unwarranted,” it adds.That won’t stop some shippers trying to repeat their negotiating feats of last year, however.The Loadstar understands that one transpacific shipper, which secured an all-in rate of $850 per 40ft this time last year, was aiming to secure the same rate this year.While a 37% increase on that may be unattainable for carriers, observers suggested that a 10% increase – equating to just $85 – should be a reasonable target.Hapag Lloyd chief executive Rolf Habben Jansen said: “The transpacific trade must improve because rates were at a disastrous level and there is a basic consensus the levels of last year simply are not sustainable.” By Gavin van Marle in Long Beach 01/03/2017last_img read more

News / Trucking firms need to invest more in ‘the human element’ to cut road accidents

first_img By Gavin van Marle 02/03/2020 The International Road Transport Union (IRU) has called for greater investment into the “human element” of road transport to reduce accidents – an astonishing 3,500 people die on the world’s roads every day.Its recently released report on road safety investment reveals that, while commercial vehicles – including buses – are involved in less than 3% of road accidents globally,  85% of these are caused by human error: a quarter attributed to professional drivers and the remaining 75% to other road users.However it also found that the majority of investment in safety by trucking companies is into vehicles and technology, rather than addressing human failures: 41% of investment “currently favours vehicle technology, with 31% directed towards human elements and 28% to operational safety measures”.Secretary general Umberto de Pretto said: “The single biggest factor affecting road safety today is people. We need to push further investment in the human elements of road safety – from certification schemes and better driver monitoring through to general awareness campaigns to drive a stronger safety culture.”The report concludes that there are four areas for industry, regulators and other road safety stakeholders to target: creating a stronger safety culture with the private and public sector sharing best practices; government-created business incentives, “so that the wider supply chain and societal benefits of improved safety are taken into account in operators’ cost-benefit analysis of purchase decisions; mandatory certification; and harmonising international safety standards.And in a fascinating presentation at last week’s IRU Logistics Innovation Forum in London, James Shuker, managing director of AptiDrive, suggested more immediate improvements in safety could be achieved by applying psychometric techniques to driver safety training.“Psychometrics are more commonly used for executive training, but we are focused on blue collar roles where there is actually a lot more risk, and if psychometrics is used properly the results far outweigh the small investment.”Mr Shuker argued that there were some drivers who manage to go through their entire career without having an accident, despite the statistical probability that the more years a driver is on the road the more likely he or she is to be involved in an accident.“For the accident-free drivers it is not a skill thing, and it can’t be down to luck, so it must be something to do with the way they think – such as their ability to pay attention for long periods of time,” he said.He claimed lack of attention could be attributed as the cause for around half of all accidents caused by human error.“But a short psychometric test can determine the attention span of a driver,” he said. “The crazy thing is that trucking companies are putting all this money into equipment that has a lifetime of two-to-three years and very little into a driver who will be working for decades.“And sometimes there is no investment at all – a recent client of ours managed to get its insurance company to pay for trial tests,” he said. ID 38657144 © Chaiyon021 | Dreamstime.comlast_img read more

Two people shot with BBs in drive-by attack on 5th Ave South in Naples

first_imgNAPLES, Fla. — A 20-year-old was booked into jail after allegedly shooting two people in the face with a BB gun on Monday night, officials said.Joseph Noel, 20, faces two simple battery charges for shooting two bystanders with a toy gun, police said. Two victims reported being shot in the face with what they assumed was a BB gun as they exited a restaurant on 5th Avenue South, officers with the Naples Police Department said. The victims said someone in an orange Dodge Charger shot pellets into their chin and eyebrow as the vehicle drove past them, according to an incident report. After getting hit with the BBs, the victims got in their car and tried to follow the car. Parents sue school district for suspending 4th grader for BB gun visible during virtual class October 5, 2020 AdvertisementThey were able to locate the car not too far from where they were shot at, but the victims weren’t able to get a visual description of the alleged shooter, police said. The victims were only able to give police a description of the car and a license plate number that was off by one digit.As the victims were speaking with police, the orange Dodge Charger drove by and the officers were able to pull the car over. Officers saw a BB gun in the car and took all the occupants in the car to the Naples Police Department for questioning.After investigating, police concluded that Zuriel Thompson, 18, was driving the car with Joseph Noel, 20, Michael Lopez, 17, and two juveniles in the car. The group had planned on getting food, but someone suggested that they should shoot people on the street with a BB gun because it would be “funny,” according to an incident report. One of the juveniles in the car owned the gun, but police said Noel is the one who shot at the two victims. Noel was taken to Naples Jail Center for booking and faces two charges of simple battery, officers said. Investigators determined the teen was using a Splat-R-Ball gun. Mary Young,  Instructor for Collier Firearms Training described a Splat-R-Ball gun as “…something like a paintball gun. They’re not lethal weapons,” she said. “They’re supposed to be fun.”Young said the pellets it uses are water-based. Its impact on bare skin could at worst cause bruising or welting. She said the situation was dangerous for all parties. “As an observer, seeing somebody getting shot at so to speak with something may react in a lethal manner to protect another person,” Young said. 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 AdvertisementTags: BB Guncenter_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 Advertisement RELATEDTOPICS Advertisementlast_img read more

Woman shot outside Naples Waffle House

first_imgCOLLIER COUNTY, Fla. – One woman was shot outside of a Waffle House in Naples early Saturday morning. Collier County Sheriff’s Office deputies confirmed they responded to the shooting at around 2:31 a.m. outside of the Waffle House on Tollhouse Drive. Deputies said the shooting happened in the parking lot.Waffle House employees said a man shot a woman after they got into a fight at a bar a couple miles away. 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 Advertisement Advertisement By Quigley Eye Specialists Advertisement Two teens arrested in Cape Coral shooting investigation June 16, 2021 AdvertisementTags: Collier County Sheriff’s Officenaplesshooting Although CCSO has identified two suspects they have not made any arrests. They also have not released the extent of the victims injuries. Collier County deputies said no one has been arrested or charged in the shooting, but the investigation is ongoing. LASIK or iLASIK Surgery — What’s the Difference?center_img RELATEDTOPICS Deputies have identified two suspects. One of the suspects owns a white Chevy that had bullet holes on the passenger side of the vehicle. The car was taken into evidence and the owner was brought in for questioning. Both of the unnamed suspects were captured on surveillance video during the incident. Detectives said they believe there may be a second victim who was hurt during the altercation who they have not identified.  Naples soldier facing charges for wife’s murder June 16, 2021 Sea turtle caught on camera nesting on Naples beach June 16, 2021 You’ve probably heard of LASIK surgery – did you know there is a bladeless option? If you’re thinking about surgical… Study ranks Naples as best beach town in America to live June 16, 2021 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 Sponsored Contentlast_img read more

‘Convicted Paedophile’ set on fire in Midlands Prison Portlaoise attack

first_img GAA Home News ‘Convicted Paedophile’ set on fire in Midlands Prison Portlaoise attack News A convicted paedophile was the victim of a vicious attack in the Midlands Prison Portlaoise, according to the Irish Daily Star.Gardai have launched an investigation after the inmate was set on fire and attacked – which left him in hospital.According to the paper, he received serious burn injuries in his cell in the incident which happened yesterday morning. RELATED ARTICLESMORE FROM AUTHOR By LaoisToday Reporter – 28th February 2019 Facebook TAGSMidlands Prison Portlaoise Sources told The Star that the incident happened on C2 wing of the prison and a number of inmates were involved.It is understood he was beaten in the attack and his clothes were set on fire – particularly around his private parts.He was sent to Portlaoise Hospital but was later transferred to St James’s Hospital in central Dublin.The man, who is in his 60s, remained in hospital last night and Gardai confirmed to the Star that they have opened an investigation.The Star say the man is from the south of the country and it is believes he was convicted of historical sexual abuse against two children.SEE ALSO – ‘Disappointed’ Ramsbottom intends to run for Fianna Fail in 2024 Pinterest Previous articleScoil Chriost Ri Through to All Ireland Basketball FinalNext articleOur guide to What’s On at the weekend LaoisToday Reporter ‘Convicted Paedophile’ set on fire in Midlands Prison Portlaoise attack GAA center_img Here are all of Wednesday’s Laois GAA results WhatsApp Twitter Facebook GAA Pinterest Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Twitter WhatsApp 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshinlast_img read more

Federal Reserve pledges to reveal interest rate forecasts

Share this article and your comments with peers on social media Fed warns U.S. financial system remains vulnerable “Despite the recent run of data that points to a pickup in real GDP in the fourth quarter, today’s FOMC meeting minutes show that Fed policymakers are concerned with downside risks to the outlook stemming from ‘strains in global financial markets’, notes RBC Economics, adding, “It is these concerns that are keeping the door to additional policy measures open.” RBC says that the adoption of a new communications policy, which, starting in January, will include forecasts for the Fed funds rate along with projections for inflation and growth, “will provide the Committee the opportunity to best introduce any further measures, such as another round of mortgage bond purchases or the extension of the period of highly accommodative levels of the Fed funds rate target in the event that risks to the outlook start to materialize early this year.” The Fed said that it hopes that including their projections for the fed funds target rate will “help the public better understand the Committee’s monetary policy decisions.” TD Economics says that the these latest improvements to the Fed’s communication strategies are “a testament of Chairman Bernanke’s constant drive for more transparency, but also an attempt to improve the transmission of lax monetary policy into stronger real economic activity in every possible way.” It also expects that the release of these projections “will provide valuable insight into the degree of divergence of FOMC members’ views, as well as a better sense of what ‘exceptionally low levels for the federal funds rate at least through mid-2013′ actually means.” “Moreover, participants’ profiles for the target interest rate should also shed some light on when they expect the Fed to start normalizing the size of its balance sheet,” it adds. Not much has changed in the U.S. Federal Reserve Board’s outlook for the economy, but its communications plans have, with the Fed pledging to reveal its interest rate projections — a move that economists are applauding. The minutes from the December 13 Fed meeting were released Tuesday, indicating that the overall economic assessment of the Federal Open Market Committee has “not changed greatly” from its previous meeting. They agreed that economic activity was expanding at a “moderate rate”, and significant downside risks remain. Related news Facebook LinkedIn Twitter James Langton Keywords Interest ratesCompanies Federal Reserve Board BoE predicts best economic year for the U.K. since 1941 Rising interest rates could dampen stimulus impact: PBO read more

Competition Bureau seeks input

Share this article and your comments with peers on social media “Greater competition generally leads to lower prices for consumers, as well as increased choice and innovation,” it notes. As a result, the Bureau says that it is looking for areas where it can advocate in favour of increased competition, and have a positive impact on the economy. Additionally, it says that it will be “incrementally increasing its level of strategic and targeted regulatory interventions”; which will see it advocate that regulators and policymakers “regulate only where necessary and that they rely on market forces as much as possible to achieve the benefits of competition.” Where market forces are not considered sufficient, the Bureau says it will provide advice to regulators to help ensure policies are implemented in a way that achieves their objectives in a minimally intrusive way. The consultation period is open until November 8. Companies Competition Bureau The federal Competition Bureau launched a public consultation today seeking input on sectors where it should be working to bolster competition. The Bureau announced today that it is looking for feedback to help it decide on industries where it could play a targeted role in advocating for increased competition. James Langton Facebook LinkedIn Twitter read more

New legislation aims to help CRA combat tax evasion

first_img CRA wins court decision forcing roofing company to give over customer records Keywords Tax evasionCompanies Canada Revenue Agency The proposals are aimed at implementing the Common Reporting Standard (CRS), which was developed by the Organization for Economic Co-operation and Development (OECD) in 2014 to facilitate the automatic exchange of financial information between countries. According to Finance, when the CRS takes effect, Canadian financial services institutions “would be required to have procedures in place to identify accounts held by non-residents and to report the required information to the Canada Revenue Agency.” Then, the CRA would swap information on a reciprocal, bilateral basis with foreign jurisdictions under information exchange arrangements. Finance says the information the CRA receives through these arrangements will help fight tax evasion. “The industry has been anticipating the release of these legislative proposals,” notes Andrea Taylor, managing director with the Investment Industry Association of Canada (IIAC), in a statement. “We will carefully review the proposals and hope that the requirements align sufficiently with the existing [Foreign Account Tax Compliance Act] and [anti-money laundering] regimes to minimize disruption for both financial institutions and their clients, particularly during the account opening process.” Earlier this year, the federal government indicated that it plans to implement the CRS by July 1, 2017. Comments on the draft proposals are due by July 15. Photo copyright: rabbit/123RF Your wealthy clients will soon pay more for luxury vehicles Share this article and your comments with peers on social media Citing the ongoing fight against tax evasion, the federal Department of Finance Canada released a set of legislative proposals on Friday that would establish a process for the Canada Revenue Agency (CRA) to exchange financial information automatically with other countries about foreign accounts. CRA assesses nearly $60 million under offshore tax informant program Related news No unanimity in global regulatory reform, IFIC report finds rabbit/123RF James Langton Facebook LinkedIn Twitterlast_img read more

Jamaicans Urged to Improve Lifestyles to Prevent Cardiovascular Disease

first_imgRelatedJamaicans Urged to Improve Lifestyles to Prevent Cardiovascular Disease Jamaicans Urged to Improve Lifestyles to Prevent Cardiovascular Disease UncategorizedFebruary 1, 2007 Advertisements RelatedJamaicans Urged to Improve Lifestyles to Prevent Cardiovascular Diseasecenter_img FacebookTwitterWhatsAppEmail Director of the Epidemiology Unit at the University Hospital of the West Indies, Professor Rainford Wilks has said that cardiovascular diseases such as heart attacks, stroke, diabetes and hypertension are the leading cause of death among Jamaicans.Professor Wilks who was speaking at the Heart Foundation of Jamaica’s launch of Heart Month on January 31 said that “deaths from cardiovascular diseases in Jamaica are six times those that occur from HIV/AIDS and more than four times the number of deaths that occur from trauma including violence and accidents.”A breakdown of the prevalence of risk factors related to cardiovascular diseases in Jamaica, based on the Healthy Lifestyle 2000/01 Survey, shows that some 60 per cent of Jamaican women and 30 per cent of Jamaican men are obese, Professor Wilks said.The survey also revealed that 40 per cent of the population is inactive or engaged in low physical activity, which predisposes them to develop cardiovascular diseases. Other risk factors include pre-hypertension, hypertension, and diabetes.Meanwhile, Chairman of the Heart Foundation, Dr. Knox Hagley, said that while cardiovascular disease is a major problem in terms of its impact on the lives of individuals, it also costs the society in terms of the number of productive years lost as a result of deaths from the disease.He further explained that, “when an individual dies at age 50 from a heart attack, if it is a man, he has lost about 22 years of his life and the society has lost the value of that individual in terms of his contribution”.Commenting on the notion that heart disease and in particular heart attack is not a woman’s problem, the Chairman said that although heart attacks are infrequent in women before menopause, it is the leading cause of death in women following ten years of menopause.Dr. Hagley also noted that while heart disease is a problem faced by all age groups most heart diseases could be prevented, by improvements in lifestyle. Heart Month is celebrated in February and the theme for this year is “Heart Disease in the Jamaican Community – Much more than Heart Attacks.”During Heart Month, the Foundation will seek to increase the public’s awareness of the types and dangers of heart disease, as well as steps that may be taken to prevent them.On Friday, February 9, the Heart Foundation’s screening teams will provide free medical counselling and blood pressure checks at the Life of Jamaica Shopping Centre in Spanish Town; Mega Mart, Portmore; the Boulevard Shopping Centre and Manor Centre in Kingston between 10:00 a.m. and 6:00 p.m. Persons can also get tested for blood cholesterol, blood sugar and haemoglobin at a minimal cost.Throughout Heart Month, the Foundation will conduct a membership drive which will allow individuals to benefit from substantial discounts on all its services, which include ECG testing, blood pressure and weight checks, blood sugar, blood cholesterol, and haemoglobin tests. RelatedJamaicans Urged to Improve Lifestyles to Prevent Cardiovascular Diseaselast_img read more

Expand homebuilder to social housing

first_imgExpand homebuilder to social housing Everybody’s HomeExpand homebuilder to social housingThe Federal Government has a golden opportunity to capitalise on the stimulatory effect of homebuilder by extending the program to social and affordable housing, easing the risk of homelessness as programs such as JobKeeper tail off.According to The Australian surging demand for the $25,000 grant means the cost to government has increased from $688m to more than $2.5billion, fuelling more than $30bn in direct con­struction and housing investment. Economic modelling by the sector estimates the scheme has contributed to $103 billion in broader economic activity and the creation of 340,000 jobs.Everybody’s Home – the national campaign to end homelessness – said it made excellent economic sense to also apply stimulus spending to social housing, which would both generate jobs and ease homelessness.“The $100 billion stimulus impact of homebuilder is great news for construction. If we directed some of this to social housing, it would be even more powerful, because we could ease the threat of homelessness for those families left behind by the current housing boom,” said Kate Colvin, national spokesperson for Everybody’s Home.“Every economist worth their salt agrees taxpayers receive a compelling return on their dollar when it is invested in social housing. We can create jobs, ease homelessness and reduce the demand on other government services such as hospitals and homeless shelters.“The Federal Government can get maximum impact from every dollar they spend on social housing by encouraging the states to match their contribution and partner with them in social housing growth.“Having a roof over your head is the foundation stone for re-entering the workforce or getting an education.“The people who need homes are often women and children escaping family violence or people recovering from an unexpected illness or trauma.“As the success of homebuilder shows, there are enormous economic benefits to stimulating the construction sector. By expanding this stimulus to social housing, we can also achieve a powerful social dividend.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. 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:affordable housing, Australia, Australian, campaign, education, family violence, Federal, federal government, Government, homeless, homeless shelters, homelessness, Investment, JobKeeper, spending, workforcelast_img read more