first_img Container spot rates between Asia and Europe recovered this week ahead of the traditional July, August and September peak season months for carriers.The North Europe leg of the Shanghai Containerized Freight Index (SCFI) spiked by $140, or 25.9%, to reach $680 per teu, while for Mediterranean ports spot rates were up by $116 per teu to $776, representing a gain of 17.6%.Ocean carriers have announced July general rate increases (GRIs) of $1,000-plus per teu across the two lanes, and in some cases are looking to levy peak season surcharges (PSSs) as well.Meanwhile, The Loadstar continues to hear of carriers rolling over containers in Asia for shipment to Europe, due to full ships, and hope that the current capacity squeeze will allow as much of the GRIs as possible to stick. © Vladimir Serebryanskiy By Mike Wackett 24/06/2016center_img However, the GRI strategy seems to be losing favour with Asia-Europe carriers as an effective means of restoring sub-economic rates – as evidenced by Hapag-Lloyd and Maersk Line who have both reverted to announcing increased maximum FAK (freight all kinds) rates.According to The Loadstar’s calculation ocean carriers have proposed GRIs totalling a massive $9,000 or more per teu since the beginning of the year for Asia-Europe shipments.Clearly the GRIs had very little impact on the trade – some increases have eroded within days while others have had no affect at all on the market.This has increasingly resulted in shippers and forwarders finding themselves unable to treat the GRIs seriously – not least because of their quantum in comparison to spot market rates.Indeed, when carriers have in the past announced arguably more reasonable increases, there has been a better success rate in, not only the implementation of the GRIs, but also their ability to hold onto the gains.One smaller UK forwarder told The Loadstar at Multimodal in May that he used to religiously record and file all the GRI notices he received from his carriers. “We stopped doing that ages ago,” he said. “It proved to be a total waste of time and money.”He added that many of the visiting carrier sales reps didn’t know the date and amount of their shipping lines’ next proposed rate increase anyway.Drewry agrees. In its June logistics briefing it said that it is “getting harder to understand why we are seeing huge GRIs every few months”.The failure of carriers to implement the increases “does not suggest that the GRI mechanism is working”, opined the consultant.Commenting on Hapag-Lloyd and Maerk’s decision to opt for announcing FAK rates Drewry said that this alternative “may do nothing to reduce the see-saw effect” of pricing on the trade.And on the subject of the current spot market, it described it as a “mystery” and argued that it was “completely dysfunctional and incomprehensible to shippers”.However, forwarders have also noted that with fuller ships an increasingly bullish attitude has been adopted by carriers, and this appears to be accompanied by a higher bunker adjustment factors (BAFs) on their way.Maersk has set a new BAF of $810 per 40ft from Asia to North Europe beginning on 1 July, compared to $720 per 40ft for the second quarter.last_img read more

first_imgA Germany-based table tennis manufacturing company – Gewo has signed a three-year deal to kit Nigeria national teams (junior and senior) to major competitions across the globe.The deal which was signed in Halmstad, Sweden by the President of the Nigeria Table Tennis Federation (NTTF), Ishaku Tikon and Gewo’s representative – Florian Wehner at the just concluded ITTF World Team Championships.According to the deal, the Hamburg-based company would provide ITTF approved equipment for the duration of the contract (2018-2020) while 10 junior players will be supported with clothing, blades and rubbers. Also two Nigerian top players will have once in a year training camp in Europe with Gewo offsetting the expenses.An excited NTTF boss described it as a step forward for the sport. “I am so excited about this contract and this is a result of the efforts our players have made at global level in recent times. We believe this will take away the burden of equipment from us and empower our players to play with the latest equipment in the sport. I hope that this will inspire our players to aim higher in order to attract more international companies to the sport,” Tikon said.Nigeria’s Captain Segun Toriola admitted that the contract would help the national teams when it comes to equipment and kits to major tournaments.“We hope that this is the beginning of good thing to come to table tennis in Nigeria. We are excited and we hope it will be a continuous alliance,” Toriola said.For Gewo’s Wehner, the decision to sign contract with the NTTF was based on the quality of table tennis in Nigeria.“We respect Nigeria and they are one of the best table tennis playing nations in the world. Their players are among the world’s best and for us at Gewo, we are the best and we want to be identified with the best. We would have loved to sign for more years but we believe that this is a start of a good thing ahead. We are at home with Nigerian players because they are polite and respectful and this for us are traits we want to be identified with in the world,” Wehner.The Hamburg-based company is also kitting top playing nations like Serbia and Iran.Relatedlast_img read more

first_imgIn a 5-12 season, there are myriad problems for a basketball team. But if you had to pinpoint one problem for the Utah basketball team this season it would be the inability to defend the 3-point shot.So guess who’s coming to the Huntsman Center tonight?Just the second-best 3-point shooting team in the country, the Air Force Falcons.The Falcons are shooting threes at a 44.7 clip this year, which may not seem that great, considering the Utes have been allowing opponents to shoot 47.7 percent on the season. Heck, if the Utes can hold the Falcons to shoot 44.7 percent tonight, they might be doing cartwheels.The trouble for the Utes is the 11th-ranked Falcons, who have won 13 straight, do a lot more things well than shoot 3-pointers.Not only are they second in the nation in 3-point shooting, they are also ranked in the top 10 — incredibly — in eight other categories.The Falcons are tied for first in fewest turnovers per game (10.2), second in field goal percentage (53.9), second in win-loss percentage (94.1), fifth in scoring defense (54.6), fifth in fewest fouls per game (13.6), seventh in 3-pointers per game (10.0), eighth in scoring margin (19.4), and 10th in free throw percentage (76.3).Utah coach Ray Giacoletti knows his team has its hands full tonight.”It concerns me that they are 17-1 and are very efficient in everything they do,” he said. “They don’t beat themselves. You’ve got two obstacles with guarding them and what you need to be able to do to score.”Surprisingly, he’s more concerned about his team’s ability to score against the Falcons than to stop them.”The difficult part might be scoring,” he said. “It always used to be, ‘How are you going to defend Air Force?’ And, still, that’s a challenge, but that’s a little bit. But I think people in our league at least understand a little bit what they are trying to do offensively. It’s what you can run and how can you be effective scoring the basketball.”The Utes have been able to score for the most part this year. In fact, the Utes rank right behind the Falcons in 3-point shooting at 44.4 percent with Shaun Green leading the nation at 56.8 percent. But unless they slow down the Falcons’ offense, they have little chance of an upset.The one thing the Utes can find solace in is the fact the the Falcons have struggled to win their last three games.Last Tuesday, New Mexico, the same team the Utes took to overtime in The Pit, led the Falcons by 21 points in Colorado Springs before blowing a second-half lead. Then on Saturday, Wyoming stayed with the Falcons right down to the final buzzer when Jacob Burtschi made a layup to win by two. Before those two games, Air Force held on to beat UNLV by six at home.The Falcons are basically a five-man team with the starters often playing all 40 minutes. Only Andrew Henke (4.5 ppg), averages more than 10 minutes a game among the reserves. Next up for the Utes is Wyoming Saturday at 1 p.m. at the Huntsman Center. Related E-mail: [email protected]center_img Utah game daylast_img read more

first_img Chelsea bring back an old Jose Mourinho ruse “I think it is a bad injury,” said the angry coach. “He had a small injury that stopped him from playing the last couple of matches, but the medical department said he was 100 percent ready for last Saturday (against Huddersfield). CET Ander Herrera went off injured in the 18th minute and the coach said it was the fault of medical staff saying that the Spaniard was fit, when he wasn’t. Jose Mourinho railed against his medical staff during the 0-0 draw with Sevilla, perhaps as a way of drawing conversation away from a lamentable attacking performance at the Sanchez-Pizjuan by his side. Mourinho culpa a los médicos de la lesión de Ander Herrera Patricia Martínez Upd. at 13:42 22/02/2018 RELATED STORIES “We didn’t play him to give him more time to work and more protection, but it looks like he was not fully fit.” IN SPORT.ES Jose Mourinho’s son shows off his love of Lionel Messi againlast_img read more

first_imgBy ANEEKA SIMONIS OVER $60,000 is gambled away each day in Cardinia Shire. The shock statistic has shaken Cardinia Shire…[To read the rest of this story Subscribe or Login to the Gazette Access Pass] Thanks for reading the Pakenham Berwick Gazette. Subscribe or Login to read the rest of this content with the Gazette Digital Access Pass subscription.last_img

first_imgKartarpur gurdwara was built to commemorate the site where the founder of Sikhism, Guru Nanak settled after his missionary work. Kartarpur lies in the Narowal district of Punjab province of Pakistan. Bringing this to relevance in political parlance in present times, the Kartarpur Corridor is a proposed border corridor between the adamantly disagreeing neighbouring nations of India and Pakistan. This project seeks to connect the Sikh shrines of Dera Baba Nanak Sahib located on the India side of Punjab and Gurdwara Darbar Sahib Kartarpur in Punjab of Pakistan. The purpose of this initiative is to facilitate pilgrimages from India to visit the Gurdwara in Kartarpur, 4.7 kilometres from the Pakistan-India border, without a visa. This project was first proposed in early 1999 by the then Prime Ministers of India and Pakistan, Atal Bihari Vajpayee and Nawaz Sharif as part of the Delhi–Lahore Bus diplomacy. Given this context of the pre-Kargil time, the Kartarpur Corridor project was an initiative to bring the two neighbours closer. Needless to say, times are very different now, especially in the wake of Pathankot, Pulwama, Balakot strikes, and now the dramatic Article 370 move, the equation between the two nuclear-armed neighbours has changed more than drastically. On November 26, 2018, the foundation stone for the Kartarpur Corridor was laid down on the Indian side. Two days later the same was replicated on the Pakistani side. It is reportedly intended that the Corridor will be accomplished before the 550th birth anniversary of Guru Nanak Dev in November 2019. With respect to diplomatic niceties, the incumbent PM of Pakistan Imran Khan compared the decision by the two countries to proceed with the corridor to the fall of the Berlin Wall, expressing that this project may help ease tensions between the two neighbours. But, from a strategic perspective, as the Army chief Bipin Rawat said shortly after laying the foundation stone that Kartarpur should be viewed in “isolation” and not linked to anything else, adding that it was a unilateral decision. The Indian government is correct in its concerns that this corridor might become a means for Pakistan to undermine India’s security. Just a day before the announcement, there was a grenade attack on a Nirankari meeting in Amritsar. Punjab’s CM Capt. Amarinder Singh pointed out to Pakistan’s Inter-Services Intelligence for the attack stating that the Punjab government has neutralised 15 terror modules in the last 18 months. Another major security concern is that this religion-clad trans-border project could end up being used for propaganda in Pakistani supported pro-Khalistan separatism. There is already evidence of pro-Khalistan posters and sloganeering at Pakistan’s gurdwaras. Among the promoters of the Kartarpur corridor are some of Pakistan’s Shiromani Gurdwara Parbandhak Committee office-bearers who are known supporters of the Khalistan movement. At present, pilgrims from India have to take a bus to Lahore to get to Kartarpur. An elevated platform has also been constructed for the same on the Indian side where people use binoculars to get a better view. In the backdrop of these happenings, Union Home Minister Amit Shah on Saturday said the Modi government is committed to completing the Kartarpur Sahib corridor within the stipulated time. This project is viewed as hope to revive the diplomatic ties between India and Pakistan which are intensely downgraded.last_img read more