first_imgTo continue enjoying, sign up for free guest accessExisting subscriber? LOGIN Get your free guest access  SIGN UP TODAY Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to industry news as it happensBreaking, daily and weekly e-newsletters Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community Subscribe now for unlimited accesslast_img read more

first_imgChina’s ambitious Belt and Road Initiative (BRI) once again expanded its geographical reach in March, when Chinese officials signed memoranda of understanding (MoU) with Rome, signalling Italy’s participation in the state-led investment effort. As China’s influence spreads, the agreement could have ramifications for the rest of Europe.In total, Chinese investors reportedly signed 29 separate deals amounting to USD2.8 billion worth of projects. Among the agreements – covering energy, finance, agricultural produce, and the potential for Italian oil, gas and engineering firms to enter into the Chinese market – a number of deals concerned port infrastructure projects. Notably, developments have been earmarked at the ports of Trieste, Genoa and Palermo, which could give Chinese goods faster access to Europe.As other European ports enjoy the benefits of Chinese investments – Greece’s Piraeus port, which is majority-owned by Cosco Shipping, for example, as well as Koper in Slovenia and Croatia’s Rijeka in the Adriatic trade network – China’s deep pockets proved difficult for Italy to resist.                      If the Chinese sign agreements with Italy to build real infrastructure, this could be a positive result of the talks…                                                                            -Paolo Federici, Fortune International TransportAfter slipping back into a recession in 2018, Italy’s project logistics market has been held back by the absence of an investment programme. The lack of initiatives from the Italian government to spur on spending has been heavily criticised. Further still, the high-profile Genoa bridge collapse last year was a tragic example of Italy’s decrepit transport infrastructure.Joining the BRI initiative could jump- start several projects in the country, improving Italy’s transport infrastructure while also providing opportunities for the project logistics supply chain.Positive resultPaolo Federici from Italy’s Fortune International Transport explained: “If the Chinese sign agreements with Italy to build real infrastructure, this could be a positive result of the talks as, currently, the country is suffering from an infrastructural gap.“However, a negative result will be handing over the key of our home to a foreign authority.”There is no denying that there are benefits to reap and the heavy lift and project logistics sector will be one of the first to profit from the growing number of BRI- linked projects. The initiative should create significant demand for over-dimensional cargo and breakbulk deliveries, as well as significant quantities of bulk commodities. Several European leaders, however, expressed alarm about China’s increasinginfluence and the MoU’s potential ability to divide Europe. It remains to be seen whether other European countries will follow Italy’s lead and accept BRI funds, or whether there will be a continental push for stronger oversight of Chinese investment.“Surely the connection between China and Europe is important and will be mutually beneficial. But it should be negotiated between Europe and China,” added Federici. “Leaving the negotiation to each single country will only create competition among the smaller nations. A strong Europe is essential and the latest political developments, where divisions among various European countries are increasing, is not good news for the project logistics industry, but very good for our Chinese partners.”According to Federici, the election in May to choose the new European parliament will be an important step to see whether Europe will grow together, or return to single-country politics.France, Germany, Hungary, Italy, Latvia, Lithuania and the UK have all strengthened, or are in the process of strengthening, their investment screening regimes; while Belgium, the Netherlands, Czech Republic, Greece, Slovakia and Sweden are considering setting up or reinforcing their investment review mechanisms.Investment scrutinisationIn March 2019, the European Union (EU) also agreed to a system to coordinate the scrutinisation of foreign investments into Europe, notably from China. Under that plan, developed in the wake of a surge in Chinese investments, the European Commission will investigate foreign investments in strategic technologies and infrastructure such as ports or energy networks.Still, China actually tightened the purse strings last year, with investment in Europe falling by 70 percent year on year to USD22.5 billion, according to a report by law firm Baker McKenzie and research consultancy Rhodium Group. The dramatic decline was linked partly to the USD43 billion acquisition of Syngenta by ChemChina in 2017, which distorted the average investment figures.The far-reaching implications of China’s initiative may be hard to avoid, however. The country already has a strong foothold across Africa, having supported a number of projects on the continent. Russia is also looking east for new investment; improving Sino-Russian relations are seen by many as a result of the latter’s annexation of Crimea in 2014 and the imposition of EU and US sanctions. China is now increasingly involved in Russia’s major capital project developments.A market analysis by Militzer & Münch Group in October 2018 took a closer look at the logistics opportunities related to the BRI. 43 percent of the fund will be allocated for projects in the Middle East. 23 percent will be invested in Southeast Asia, and 12 percent in Russia, according to the report.The total sum invested globally is estimated to reach approximately USD1.1 trillion, meaning there should be an abundance of infrastructure projects that will invole logisticians.According to Lothar Thoma, M&M Militzer & Münch ceo, there “is little chance for European logistics companies in China directly”. He added: “Opportunities present themselves in those countries where China is not yet, or only scarcely, active. We profit from these opportunities in Kazakhstan and in Central Asia, for instance.”Today, logistics is mostly decided upon in Europe and the USA, but in the future these decisions will come increasingly from China, as big Chinese enterprises are gradually conquering the world market.                                                                                                 – Lothar Thoma, M&M Militzer & MünchMilitzer & Münch also observed that there is a shift of decision-makers in the global logistics market. “Today, logistics is mostly decided upon in Europe and the USA,” explained Thoma, but “in the future these decisions will come increasingly from China, as big Chinese enterprises are gradually conquering the world market and developing their own supply chains.”Highway to the EastChina also joined the World Road Transport Union’s (IRU) TIR system, an agreement that shaves off numerous border control checks and red tape regulations, in January 2019. A Chinese truck can now drive from the Chinese border to Western Europe in as little as 13 days.Capitalising on this, Ceva Logistics is starting a regular trucking service between China and Europe. One of its first shipments – 70 cu m of garments – arrived in Spain 16 days after departing from South China. The truck travelled via Kazakhstan, Russia, Belarus, Poland, Germany and France.While consumer goods will be the cargo of choice, Moscow-based forwarder DAS expects heavy equipment and machinery to be moved by truck from China to Europe in the future, too.This article has been taken from HLPFI’s May/June 2019 edition.last_img read more

first_imgRAFAEL Nadal reached the Wimbledon semi-finals for the first time since 2011 with a five-set victory over Juan Martin del Potro on Centre Court.The two-time champion won 7-5 6-7 (7-9) 4-6 6-4 6-4 hours after Roger Federer lost to Kevin Anderson.Nadal was forced to come back from a set down before breaking in a thrilling fifth set to win in almost five hours.The Spanish second seed will play 12-time Grand Slam champion Novak Djokovic in the semi-finals.Nadal is bidding to win his third Wimbledon title and his second Grand Slam of the year, having secured the French Open in June.And the 17-time Grand Slam champion is a strong favourite to win the tournament following Federer’s shock exit.Del Potro has only reached the Wimbledon semi-finals on one occasion – in 2013, when he lost to Djokovic in a record-breaking five-set thriller.The fifth seed, who also lost to Nadal in the semi-finals of the French Open, bounced back from a set down to claim a closely-contested tie-break in the second.Del Potro was on top for much of the third set before finally forcing a late break of serve to take the lead at two sets to one.But Nadal broke midway through the fourth to put the pressure back on the former US Open champion and force a fifth set.It was evenly balanced and full of drama until near the end – Nadal even jumped into the crowd at one point during a rally, and saved five break points in the final set.But the Spaniard broke midway through the final set and held his nerve from there to set up his sixth Wimbledon semi-final – and a third meeting with Djokovic at SW19.(BBC Sport).last_img read more

first_img3′ Tournament: A group Stadium: Audience: 1′ Gerogi Kabakov gave the first referee signal. The playing conditions are very difficult due to the hot weather.1′ Atanas Iliev scored after 15 seconds of play. Arda hosts Botev (Plovdiv), who started the season with success in the derby against city rival Lokomotiv.Curiously, Arda’s historic first home game in the elite was against Botev. This happened in the first round of the previous championship. Then, in heavy rain, both teams finished 0: 0. After that, Kardzhali hosted their rivals at “Lauta” in Plovdiv, but from this season they play again in front of their fans after a serious renovation of the “Arda Arena” stadium.Tickets between 10 and 20 levs for Arda – Botev (Pd)See prices for each sectorNikolai Kirov will face his team of the heart for the second time. He has already defeated Botev at the end of June – 1: 0 in Plovdiv in a match of the playoffs.It is uncertain whether Arda’s coach will be able to use the new addition Rebin Sulaka, who was not registered until last night.In Botev, tension arose again between football players and coaches on the one hand, and the PFC Botev Association, which accounted for 60% of the club’s shares after the withdrawal of Georgi Samuilov. Ferrario Spasov hopes that the players will not be distracted and will play a strong match in Kardzhali.The star of the “Canaries” Todor Nedelev denied an offer to him from Legia (Warsaw) and at this stage remains in the team.Ivan Kokonov: We can only regret that we do not have a full asset of points“I hope we continue in the same spirit”Arda is one of the two teams for which only Bulgarians have signed up during the season. Kardzhali have not lost during the campaign, and their record series without defeat is 5 games under the leadership of Stamen Belchev.Botev has not yet defeated Arda in the elite. The previous 3 matches between them brought the “yellow-blacks” a draw and two losses.last_img read more