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Suriname unifies exchange rate: CARICOM BUSINESS Aug 31, 2020 LIAT to Resume Operations in November? – CARICOM… CARICOM General Counsel commends Guyana for ratifying Environmental AgreementsUPDATES General Counsel at the CARICOM Secretariat Ms. Safiya Ali says Guyana has set an example for the Region by being the only CARICOM country so far to ratify two relatively new environmental agreements: the Nagoya Protocol on Access and Benefit Sharing and the Minamata Convention on Mercury. Ms.…March 25, 2015In “CARICOM”Regional trade seminar to tap Chile’s external trade experiencesA Regional Trade Seminar for Caribbean Community (CARICOM) Member States that is being facilitated by the Government of Chile, opened at the CARICOM Secretariat on Wednesday morning. The two-day seminar illustrates the robust cooperation between CARICOM and Chile, and provides the opportunity for networking and the valuable exchange of views…April 5, 2017In “CARICOM”Stock Exchange talksRepresentatives from the Stock Exchanges of Barbados and Guyana paid a courtesy call on Ms. Evelyn Wayne, Director, Economic Policy and Development at the CARICOM Secretariat on Friday, 15 March 2019. In photo, from left are Mr. Marlon Yarde, Managing Director, Barbados Stock Exchange; Mr Barry Blenman, Operations Supervisor -…March 18, 2019In “Barbados”Share this on WhatsApp Aug 25, 2020 Please see the latest edition of the CARICOM Business newsletter which comprises information culled from news entities in the Caribbean and beyond and includes a Foreign Exchange Summary, a Stock Exchange Summary and International Oil Prices. CARICOM Business 5 July 2019 CARICOM Business 5 July 2019 Share this:PrintTwitterFacebookLinkedInLike this:Like Loading… Belize economy contracts by 23.3% – CARICOM Business… Sep 28, 2020 Guyana Waives Banking Fees for Rest of 2020 – CARICOM… Oct 12, 2020 You may be interested in…
AdvertisementClick Here to Read MoreAdvertisementWomen’s Industry Network (WIN) has announced the 2019 honorees for the Most Influential Women award.The award is presented to women who made notable achievements in the collision repair industry in 2019. After the review of many worthy applicants, WIN said it has chosen four industry leaders to receive the MIW honors:Erica Schaefer – Mopar collision marketing manager for Fiat Chrysler AutomobilesJudy Folk – Collision repair design service manager for Sherwin-Williams Automotive FinishesKathy Mello – CEO of TGIF Body Shop, Fremont, CaliforniaYen Hoang – CEO of UYL ColorSince 1999, more than 80 women have been recognized for their contributions to the collision repair industry.“The MIW is a prestigious award, and we felt these women embody what it means to be ‘Most Influential,” said Cheryl Boswell, chief financial officer at DCR Systems, a 2015 MIW honoree and co-chair of the 2019 MIW Committee. “This year’s recipients know what it means to have achieved a strong family and work-life balance. They continue to be a positive role model in their communities and professional environments, as well as their home. We are very excited to celebrate this great honor with them at this year’s Educational Conference.”AdvertisementWIN will honor the 2019 winners at a May 7 gala during the 2019 WIN Educational Conference in Fort Lauderdale, Florida. For MIW award details, criteria and nominations, click here.To register to attend the 2019 Educational Conference or the 2019 MIW gala, click here.
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Hapag-Lloyd and the Chilean Compañía Sud Americana de Vapores (CSAV) are joining forces, by merging CSAV´s container business activities into Hapag-Lloyd, becoming the fourth-largest liner shipping company in the world, the German company said in a release.The merger of Hapag-Lloyd AG with the container business activities of the Chilean shipping company founded in Valparaíso, in 1872, is expected to result in many synergies. Annual savings of at least USD 300 million are anticipated as a result of network optimizations, improvements to productivity and reductions in costs. The merged company will have around 200 vessels with a total capacity of approximately one million TEU, transporting some 7.5 million TEU every year, and will set up its fourth regional headquarter in Valparaiso, Chile. The company is expected to have revenue of around USD 12 billion.Rolf Habben Jansen, Chief Executive Officer of Hapag-Lloyd, said: “This is a big day for both companies. With Hapag-Lloyd’s strength in Asian traffic and on the North Atlantic, combined with CSAV’s strong position in Latin America, we will become the leading shipping company in this region – and thereby be able to offer our global customers an even more attractive network and wider range of products. Our ability to compete will also be significantly enhanced by closing the gap to the top three of our industry. There will be no major changes to the way we work until the transition to the Hapag-Lloyd systems towards the end of the first quarter 2015.”The main processes of integrating CSAV’s container business into Hapag-Lloyd are expected to be completed by the end of the second quarter of 2015.In addition to integrating CSAV’s container business into Hapag-Lloyd, there are also plans to strengthen the company by raising capital of EUR 370 million (USD 457.6m) by December 31, 2014, in which CSAV will take a share of EUR 259 million (USD 320.3m) and Kühne Maritime EUR 111 million (USD 137.3m) .The ownership structure of Hapag-Lloyd AG will therefore change as follows: CSAV will become Hapag-Lloyd’s biggest shareholder with 34% after the cash capital increase. The other shareholders are HGV (23.2%), Kühne Maritime (20.8%), TUI (13.9%), Signal Iduna (3.3%), HSH Nordbank (1.8%), M.M. Warburg (1.8%) and Hanse Merkur (1.1%).CSAV, HGV and Kühne Maritime have agreed to pool 51% of the shares in Hapag-Lloyd in order to discuss and make key decisions together in the future. Of this pool structure, CSAV owns a 50% participation, while HGV and Kühne Maritime will own 25% each.Press Release
The Port of Rotterdam Authority has initiated the construction of a new jetty at the LBC terminal in Botlek – Rotterdam on October 2nd, 2015.The new jetty will have four berths, two for seagoing vessels and two for barges. This will quadruple the jetty capacity of the LBC terminal.“The new jetty will provide LBC Rotterdam with the necessary capacity to enhance our capabilities to customers and expand on maritime services,” explains Walter Wattenbergh, CEO at LBC.The jetty will be built in two phases. The first phase, comprising the construction of two berths, will be ready by mid-2016. All four berths will be operational by the end of 2017. LBC will in due course be able to handle parcel tankers up to 80.000 DWT and simultaneous loading and discharging across all berths.In line with expanding the jetty capabilities, LBC is further investing in its Rotterdam terminal. Storage capacity will be increased to 250.000m³. Additionally upgrades to the railcar and truck loading facilities will be done to accommodate a large range of liquid chemicals.The terminal will be able to handle products requiring vapor treatment, mixing and temperature control. The first 36.000m³ expansion of stainless steel tanks will be operational the beginning of 2016.
Some like it hotBritain’s builders have muscled their way in to rank among the sexiest professions in the country. Research from the Federation of Master Builders shows that while Brits still love a uniform, with the armed forces, nurses and pilots the jobs with the most sex appeal, builders have turned their image around to get into the top ten sexiest professions in the UK. The research also showed that traditional commerce-led jobs such as bankers and CEOs, usually associated with suits, high salaries and Christian Grey, were a turn off for Brits compared with the roguish charm of the hardworking, physically active builder. Star turnHouse prices in areas with restaurants recently awarded a Michelin star outperformed the wider market the year following the accolade, with more than two-thirds outperforming their local market. Property consultant Knight Frank analysed house prices within a 5km radius of restaurants that achieved a Michelin star between 2010 and 2013, comparing the rate of house price growth the following year with the average price change for the wider local authority. Horsham, where restaurant Tristan was awarded a Michelin star in 2013, topped the list – local house prices rocketed by 15.2% the following year compared to 9.5% in the wider area.To bee or not to beeArchitects are buzzing after the launch to market of a new brick. In response to declining bee numbers, the innovative “bee brick” by architect Green&Blue has specially designed cavities for bees to nest in. It has already earned the title of “most innovative new product” from the Soil Association. Gavin Christman, co-founder of Green&Blue, said: “The bee brick was created to be an integral part of buildings and offers the dual function of being a construction material that also promotes biodiversity.” The brick has been used on several private projects and there are wider hopes that it will be a key player in the quest to save the bees. And wouldn’t it be great if the bees could function as a kind of living security system, trained to attack burglars and door salesmen? The possibilities are endless.Winning at bridge Opponents of the Garden Bridge are celebrating a “double whammy” after convincing Lambeth council to designate the spot on the South Bank where the bridge would end as an “asset of community value”. It means when the Garden Bridge Trust applies to lease the land, the sale will be put on hold for six months while the local community raises enough money for a counter-bid. The six months will be up in January 2016, when construction is due to start so it doesn’t clash with the so-called Thames “Super-Sewer”. Campaigner Michael Ball claims it could set the bridge back “three or four months”.Plugging the gapThat the skills crisis in construction is top of the agenda at the moment is not likely to have escaped your attention. But, according to a survey by Bright Cherry Media – which I’m sure is statistically sound in every way – it is not just professional construction skills that are under threat. DIY skills, once the proud preserve of the British male, are apparently fast disappearing, with a third of people admitting to not knowing how to change a plug, and a similar number avoiding DIY on the basis of not having the right tools. However, it does find that one in three DIY-ers are women, which, while hardly gender equality, is at least a far better ratio than the actual construction industry manages.Source: ADAM architectureFinal curtain for ‘Downton’ Plans by Robert Adam to demolish a Victorian villa on London’s Hampstead Heath and replace it with a “fake Downton Abbey” (pictured left) have been thrown out for a second time by the Planning Inspectorate – damned by the inspector as “nowhere near sufficient to overcome the extensive harm it would cause”. Campaigners, led by the Highgate Society, against the ostentatious mega-mansion plan gathered a 5,000-signature petition and the support of local resident and Monty Python star Terry Gilliam. You’re probably right in thinking that this project is now dead, demised, bereft of life. It’s kicked the bucket. It’s an ex-project. Send any juicy industry gossip to firstname.lastname@example.org
The module weighed approximately 15,300 tonnes; Heerema claims this is the heaviest module ever lifted by a crane vessel.This was the second critical lift that Sleipnir completed for this project. Heerema installed both of the main topsides for Noble Energy in less than 20 hours. The modules have a combined weight of 24,500 tonnes.hmc.heerema.com
The Law Society has published a practice note aimed at firms considering establishing a trust corporation.Trust corporations have traditionally been owned by high street banks or firms with substantial private client departments. However, some new entrants into the legal market are combining them with a consumer brand to provide legal services, while more established law firms are creating them in response to demand.Trust corporations are separate entities to the parent partnership or LLP, so carry a separate risk, and require £100,000 paid-up capital in cash. The note covers the practicalities of establishing a corporation, including regulatory requirements.
Minister of State at the Department for Work & Pensions Sarah Newton has announced the appointment of Stephen Brookes as sector champion for rail, tasked with promoting the benefits of being inclusive to passengers with disabilities. Brookes created disability access groups for Northern and TransPennine Express, and is now working with Virgin Trains and Transport Scotland.Network Rail has completed a £100 000 modernisation of the toilets at Liverpool Lime Street station, installing new cubicles, vanity units, tiling and ‘memorabilia celebrating the city’s heritage’. On February 28 the government laid before parliament the Welsh Ministers (Transfer of Functions) (Railways) Order 2018 which, subject to approval, would devolve responsibility for procurement and management of the Wales & Borders franchise. As well as continuing with current funding arrangements, the UK government will also provide an extra £125m towards upgrading the Valley Lines as part of the Welsh Government’s Metro project.On February 23 Network Rail announced that final timetables would be published later than normal for approximately six months from May 20, and as a result in ‘a small number of instances’ passengers would not be able to book tickets at least 12 weeks before travel. NR said the May 2018 timetable change was ‘the largest in living memory’, and along with ‘unexpected alterations to infrastructure projects’ the planning teams had been unable to deliver the new timetable within the usual timescales. ‘This decision hasn’t been taken lightly, but there is significant change required in the timetable resulting from unprecedented investment, combined with short‐term changes to projects and plans, means that our timetable planning resource is at more than full capacity’, said Jo Kaye, Managing Director, System Operator, at NR.As part of the IEP test programme, a GWR Hitachi Intercity Express trainset ran from Edinburgh to Inverness depot for the first time on February 28. Hitachi said it had invested £5m in the depot.On February 28 the Rail Accident Investigation Branch released its report into a freight train derailment at Lewisham on January 24 2017. There are five recommendations. Four are directed to Network Rail, concerned with vertical track geometry following renewals and maintenance, and design and validation of its modular layouts. One recommendation is directed to RSSB and is concerned with understanding derailment risks associated with uneven loading of hopper wagons. RAIB has additionally identified learning points concerning track installation work, and procedures for vehicle maintenance.On February 28 Mayor of London Sadiq Khan presented an updated Transport Strategy to the London Assembly for consideration before final publication in the coming weeks. The draft was published in June 2017 for statutory consultation, since when 6 500 responses had been received.Responding to consultation on the future Great Western franchise, the Welsh Government’s Economy & Transport Secretary Ken Skates has called for reduced journey times from major South Wales stations to London and Bristol Temple Meads, with the removal of stops at stations in England which are not frequently used by passengers from Wales. Skates also said western access to Heathrow Airport was ‘essential to Wales’.The Department for Transport has confirmed funding which will enable Network Rail to undertake design of the Croydon Area Remodelling Scheme as part of its Brighton Main Line upgrade programme. CARS would include construction of grade-separated junctions north of East Croydon to remove bottlenecks, and increasing the number of platforms at the station from six to eight.Network Rail ‘reiterated its commitment’ to the Railway Industry Supplier Qualification Scheme on February 26, confirming that it would continue to underpin the Sentinel ‘passport’ for work on the railway. ‘We fully support the use of RISQS as Network Rail’s single supplier qualification system for auditable categories’, said Graham Hopkins, Group Director, Safety, Technical & Engineering. An enhanced RISQS scheme is due to go live on May 1.An air quality monitoring project at Birmingham New Street undertaken by the University of Birmingham and Network Rail found that, whilst legal requirements were met, the concentrations of nitrogen dioxide were in excess of EU public health limits, particularly on platforms adjacent to tracks mainly used by diesel trains. Concentrations of particulate matter were also in excess of EU limits but not to the same extent as NO2 concentrations. The results are being used to inform work to optimise ventilation systems and develop other methods of tackling the issue in conjunction with train operators.Network Rail has begun a £2·7m programme to improve accessibility at Kilmarnock station, installing lifts, lowering and resurfacing the underpass and renewing stairs and handrails.A Bombardier Class 345 EMU operated under electrical power in the Crossrail tunnels for the first time on the night of February 25. It entered the tunnels at Plumstead Portal and travelled under the Thames to the Connaught Tunnel before returning to Abbey Wood. ‘The Crossrail programme is now over 90% complete and this heralds the start of our works to bring together the new stations, track, power, signalling and trains ahead of the Elizabeth Line opening in December’, said Crossrail Ltd CEO Andrew Wolstenholme.