UPDATE 1-Horizon Lines Q2 profit beats Wall Street

July 24, 2010 By Leave a Comment

July 23 (Reuters) – Container shipping company Horizon Lines Inc’s (HRZ.N) quarterly profit handily beat analysts’ estimates, helped by better results from its Alaska tradelane, terminal services and logistics.

For the full year, however, Horizon expects adjusted EBITDA performance to be in the range of 2009 results.

For the second quarter, net income was $3.7 million, or 12 cents a share, compared with net loss of $31.1 million, or $1.02 a share, last year.

Excluding certain items, the company earned 15 cents a share.

Revenue rose 10 percent to $305.6 million.

Analysts on average were expecting the company to post earnings of 9 cents a share, excluding items, on revenue of $308 million, according to Thomson Reuters I/B/E/S.

Shares of the company closed at $4.06 Thursday on the New York Stock Exchange. (Reporting by Thyagaraju Adinarayan in Bangalore; Editing by Don Sebastian)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Nimlok Expand With Euro-Hubs Exhibition Transport

July 24, 2010 By Leave a Comment

NORTHAMPTON, UNITED KINGDOM, Jul 23 (MARKET WIRE) —
NIMLOK, a leading worldwide exhibition stands and display solutions
provider, has launched a network of new storage and logistics facilities
supported with local crew and located close to many of Europe’s major
exhibition venues.

For UK companies exhibiting in Europe transporting goods and arranging
the storage of them around Europe can be somewhat challenging. When you
work with Nimlok, the challenge is met head on with Euro-hubs.

The Euro-Hubs bring many benefits to UK companies exhibiting in Europe,
including;-

– Transport and handling savings achieved as a result of not shipping
direct to the venue
– Local crew, reducing travel / time related expenses and environmental
impact
– Post event storage and onward shipping for pan European show schedule
offering further logistical savings

The Euro-Hubs can be used in conjunction with Nimlok’s custom modular
exhibition stands and exhibition stands rental solutions to deliver
fantastic stands at even more competitive prices.

Nimlok’s head office in Northamptonshire UK is where the custom modular
exhibition stands are manufactured and built to order.

Nimlok celebrate their 40th anniversary this year and have recently been
accredited the internationally recognised ISO14001 certification and
placed in the top 20 Sunday Times Best Green Companies 2009. The new
Nimlok Euro-Hubs are another string to their bow and will enable many of
their existing clients to exhibit more effectively in Europe.

Contacts:
Nimlock Ltd
MEL PAGE
01933 409409
www.nimlok.co.uk

Copyright 2010, Market Wire, All rights reserved.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

European Online Recruitment Activity Reaches 16-Month High, Reports Monster Employment Index

July 14, 2010 By Leave a Comment

LONDON–(Business Wire)–
June 2010 Index Highlights:

* The Monster Employment Index Europe reported two point (two percent) increase
in online worker demand in June, whilst opportunities were up 12 percent
year-on-year
* Online job availability increased the most in production, manufacturing,
maintenance and repair, from both a monthly and annual perspective
* Germany registered the sharpest monthly increase among major countries, whilst
Sweden continued to exhibit the most positive long-term trend

Summary Overview

June marked the fifth consecutive month of expansion in online job
opportunities, suggesting the overall industry is on a path of gradual recovery.
This is also reflected in the accelerated rate of annual growth compared to the
previous month. Opportunities are now up 12 percent compared to June 2009 and
their highest level since February 2009.

Among industry sectors, production, manufacturing maintenance and repair
exhibited the sharpest monthly increase, whilst transport, post and logistics
also registered a notable gain. The increases in these sectors suggest an
overall upswing in European industrial activity and transport.

Monster Employment Index Europe results for the past 13 months are as follows:

Jun 10 May 10 Apr 10 Mar 10 Feb 10 Jan 10 Dec 09 Nov 09 Oct 09 Sep 09 Aug 09 Jul 09 Jun 09
114 112 108 104 101 93 100 100 99 97 100 101 102

“The slight improvement in June is yet another encouraging sign for current job
seekers. In addition, the annual growth rate increased in June, suggesting that
we are on the path to gradual recovery,” commented Andrea Bertone, head of
Monster Europe. “Whilst both consumer and business confidence remained static
between May and June, we have seen positive trends emerge in sectors such as
manufacturing and transport and are optimistic about the level of opportunities
that are emerging throughout the year.”

The Monster Employment Index Europe is a monthly analysis of millions of online
job opportunities culled from a large, representative selection of corporate
career sites and job boards across Europe, including Monster.

Weber Shandwick
Robin Clark / Christina Cooper
+44 (0)207 067 0500
MonsterEurope@webershandwick.com

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Contaminated run-off from fire reaching wetlands

May 19, 2010 By Leave a Comment

Contaminated water from a fire at a frozen food factory at Wingfield has been flowing into wetlands in northern Adelaide.

The fire at Rand Refrigerated Logistics is estimated to have left a damage bill of up to $10 million.

The company has moved to offices nearby and says frozen food supplies to supermarkets will not be disrupted despite the loss of stock.

Clive Jenkins from the Environment Protection Authority says water used to fight the blaze is now contaminated as it flows into the Barker wetlands.

“The quality of the water was mainly organic chemicals in nature, dairy products and plastic containers,” he said.

“The wetland is well and truly capable of assimilating those so there’s very little risk.”

The Metropolitan Fire Service says the blaze smouldered all weekend but is finally out.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Pak Punjab IG orders more security for Chinese after al Qaeda threat

May 3, 2010 By Leave a Comment

Lahore, May 3 (ANI): The Punjab Inspector General of Police of Pakistan’s Punjab province has asked all police officers to submit reports on Chinese citizens staying and working in the province and the level of security being provided to them.

All provincial police officials have been directed through a circular to submit reports about Chinese citizens residing in Punjab at the earliest.

The IGP also directed police officers to beef up security of the Chinese, the Daily Times reports.

It quoted sources as saying that the decision was taken after an intelligence agency reported on April 20 that Chinese people in Punjab were under serious threat.

The intelligence report warned that six to seven al Qaeda-linked terrorists had entered Gujranwala and were likely to target foreigners, especially Chinese nationals.

The report said the terrorists had entered Gujranwala a week ago and were being provided accommodation and logistics by a local resident, identified as Tariq. (ANI)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , ,

VSE Awarded Follow-on Work Supporting Foreign Military Sales Program for Egyptian Navy

April 6, 2010 By Leave a Comment

Additional Funding Will Allow Continued Support of Egyptian Navy Fleet
Development and Sustainment Efforts

ALEXANDRIA, Va.–(Business Wire)–
VSE Corporation (Nasdaq GS:VSEC) reported that its International Group`s GLOBAL
Division has received an award to continue work being conducted in Alexandria,
Egypt.

The $35.8M In-Country Technical Assist award will enable GLOBAL Division to
provide Management, Engineering, Technical, Training and Logistics support for
the Egyptian Navy FMS programs and ex-United States Navy transferred ships
either in port or at sea, as necessary to support ship operations, training and
maintenance.

Additionally, the contract provides continuing funding to support an Industrial
Training School, a Damage Control and Fire Fighting School, and provides
continuing support to assist the Egyptian Navy in improving their shipyard
infrastructure.

Mike Hamerly, President of International Group, says, “We are excited to
continue our productive working relationship with the Egyptian Navy that has
allowed for successful training and implementation of various functions and
services essential to effective fleet development and sustainment.”

About VSE`s International Group

International Group provides engineering, industrial, logistics and foreign
military sales services to the U.S. military and other government agencies.
GLOBAL Division provides assistance to the U.S. Navy in executing its Foreign
Military Sales (“FMS”) Program for ex-U.S. Navy surface ships sold, leased or
granted to foreign countries by providing program management, engineering,
industrial support, technical support, logistics and crew training services for
ship reactivations and transfers and follow-on support. Fleet Maintenance
Division provides global field engineering, logistics, maintenance, and
information technology services to the U.S. Navy, Army and Air Force, including
fleet-wide ship, vehicle and aircraft support programs. FMD`s expertise includes
ship repair and modernization, ship systems installations, facility operations,
war reserve materials management, aircraft sustainment and maintenance
automation, and IT systems integration. Under its Government Services
Department, FMD also provides seized and forfeited property management for the
U.S. Treasury including, retrieval, transportation, storage, liquidation and
facilities management. Munitions and Ordnance Department of FMD provides
munitions and ordnance R&D, operational requirements support, decontamination,
demilitarization, and program management support. For more information about
International Group`s services please see the VSE Corporation website at
www.vsecorp.com or contact Donald Babcock at (703) 329-4683.

About VSE

VSE marked its 50th year as a government contractor in 2009. VSE is a
diversified Federal services company of choice for solving issues of global
significance with integrity, agility, and value. VSE is dedicated to making our
clients successful by delivering talented people and innovative solutions for
logistics, engineering, IT services, construction management and consulting. For
additional information on VSE services and products, please see the company`s
web site at www.vsecorp.com or contact Randy Hollstein, VSE Corporate Vice
President of Sales and Marketing, at (703) 329-3206.

Safe Harbor

This news release contains statements which, to the extent they are not
recitations of historical fact, constitute “forward looking statements” under
federal securities laws. All such statements are intended to be subject to the
safe harbor protection provided by applicable securities laws. For discussions
identifying some important factors that could cause actual VSE results to differ
materially from those anticipated in the forward looking statements in this news
release, see VSE`s public filings with the Securities and Exchange Commission.

VSE Corporation
News Contact:
Sylvia Gethicker, 703-329-4610
or
Investor Relations:
Keren Ackerman, 703-329-4605

Copyright Business Wire 2010

Filed Under: International News Tagged With: , , , ,

Psychiatric unit a year behind schedule

March 26, 2010 By Leave a Comment

The Western Australian Government has called for tenders to build a mental health unit in the north-west, more than two years after funding for the project was announced.

The 14-bed unit will be attached to Broome Regional Hospital and provide acute psychiatric care to patients from the Kimberley and Pilbara.

The project is running a year behind schedule and the Government says it will not be finished for at least 18 months.

Mental health groups have criticised the delays, saying patients are still having to be placed into comas before being flown to Perth.

The Minister for Mental Health, Graeme Jacobs, says the delays are unfortunate.

“Yes, it has been a while coming. There have been some issues of logistics and seasonal matters of course,” Dr Jacobs said.

“It’s a bit of a jigsaw puzzle, you have to have some bits in place before you start the other bits.”

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , , , , , ,

MJ’s witness account dubbed ‘inconsistent’

March 24, 2010 By Leave a Comment

London, March 24 (ANI): A leaked statement by a witness who was present at the scene when Michael Jackson breathed his final moments has been dubbed ‘inconsistent’ by the legal team for Dr Conrad Murray, who is charged with the involuntary manslaughter over the singer’s death.

Alberto Alvarez, Jackson”s logistics director, apparently told investigators Murray interrupted CPR on the dying star and caused delay in calling paramedics while he tried to conceal drugs.

However, Ed Chernoff, among the lawyers representing Murray, said on the legal firm”s website that the statement was “inconsistent”, The BBC reported.

He wrote: “This statement was given more than two months after Michael Jackson”s death and is inconsistent with a statement he (Alvarez) gave the police the day after Mr Jackson was taken to the hospital.

“Further, his statement does not match up with much of the physical evidence found at the scene.”

Chernoff added: “We would ask the public to reserve judgement until after the people”s witnesses are placed under oath and subjected to the rigours of cross-examination. We are confident that a fair trial will ferret out the truth.”

Murray has denied the charge, pleading not guilty to “unlawfully, and without malice, killing Michael Joseph Jackson”.

The doctor admitted administering Propofol to help Jackson sleep hours before his death.

Jackson died aged 50 on June 25 last year at his home in Los Angeles. Coroners ruled the case as homicide mainly caused by an overdose of the anesthetic Propofol.

The next hearing has been set for April 5. (ANI)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Home Secretary briefs over Commonwealth Games security arrangements

September 10, 2009 By Leave a Comment

New Delhi, Sep 9 (ANI): The International Security Liaison Group in the Ministry of Home Affairs on Wednesday organised a security briefings on forthcoming Commonwealth Games going to be held in 2010.

Some 30 Heads Heads of Missions of the Commonwealth countries attended the briefing conference chaired by the Union Home Secretary.

Onkar Kedia, spokesman for the ministry, said that a three-tier foolproof security apparatus would be provided to players during the games.

“In the Heads of Missions conference the distinguished esteemed excellencies were informed about the provisions for the security during the Commonwealth Games. We told them about the security and other measures being planned for players during the games. We told them that a three-tier security will be arranged and they looked quite convinced with our plan of action,” said Kedia.

The Ministry of Sports and the Organising Committee also gave presentations on the status of infrastructure and logistics respectively, while the IB and the Delhi Police gave presentations on the security arrangements for the Commonwealth Games.

The International Security Liaison Group will hold another 2-day international conference of the security liaison officers of the participating countries and the Commonwealth Games Associations on September 23 and 24.

Some 9000 athletes and officials of 52 Commonwealth countries are likely to participate in various events during the Games. (ANI)

Filed Under: Sports News Tagged With: , , , , , , , , , , , , , , , , , , ,

Exhausted Madonna ‘collapses twice during Bulgaria gig’

September 2, 2009 By Leave a Comment

London, September 2 (ANI): Madonna reportedly collapsed twice during her performance in Sofia, Bulgaria on August 29.

The Queen of Pop, who has been hopping the globe for her ‘Sticky and Sweet’ tour, was said to have lost consciousness as she sang ‘Holiday’.

The singer had to be held up by a dancer before she passed out and fell over as she left the stage during Spanish Lesson, according to sources.

“Madge was really worried backstage. She had to sit down for a longer break than usual between songs,” the Sun quoted a source as saying.

“She refused to end the show or take a break after the Holiday dizzy spell. It turns out she’s suffering from exhaustion. She is anaemic.

“She was advised to postpone the last two shows in Israel for a few days, but logistics and stubborness stopped her. She’ll do them then take some rest,” the source added. (ANI)

Filed Under: Entertainment News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

US Kuwait troops suffer swine flu

May 25, 2009 By Leave a Comment

Eighteen US soldiers in Kuwait have been tested positive for swine flu, health authorities have said.

The cases are the first to be reported from the Gulf region since the H1N1 outbreak of influenza type A began last month in Mexico.

A Kuwaiti health spokesman told the AFP news agency that the personnel affected had already left the country.

The World Health Organization (WHO) has reported 12,022 cases of swine flu around the world, with 86 fatalities.

New cases

“All the 18 soldiers have left Kuwait. They had normal symptoms of the disease and were given the necessary medication,” public health department deputy Yussef Mendkar was quoted by AFP.

Kuwait is used as a logistics base for troops serving in Iraq. Some 15,000 troops are based there.

The US personnel had not come into contact with Kuwaiti citizens, the Reuters news agency said.

On Friday, 11 new cases of the disease were confirmed at a Spanish military school about 20 miles outside the capital Madrid.

The disease has now been confirmed in 44 countries, WHO said.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , ,

India and US discuss modernisation, increased presence of Chinese Navy

May 14, 2009 By Leave a Comment

New Delhi, May 14 (ANI): India and the United States today discussed various issues concerning the South Asian region like the rapid modernization of the Chinese armed forces, peace and stability in the region in wake of rise of the Taliban in Pakistanand Afghanistan.

Admiral Timothy J Keating, the US Pacific Command chief, who is on a daylong visit to India, today met Navy Chief Admiral Sureesh Mehta, National Security Adviser MK Narayanan and Foreign Secretary Shiv Shankar Menon.

The head of the US Pacific Command is in India on the invitation of Admiral Mehta and will be soon handing over his command to his successor Admiral Robert Willard.

Admiral Keating said: ” Yes we discussed growth of Chinese armed forces and the fact that the PLA Navy is deployed in the Gulf of Aden conducting anti-piracy operations.”

He said that Chinese Navy is still not a Blue Water Navy, and added that deploying couple of ships for couple of months in Gulf of Aden does not qualify it for the same.

The top US general’s visit comes just after Indian, American and Japanese warships participated in the ‘Malabar’ war games off the coast of Japan from April 29 to May 3.

Rejecting Chinese views that such military groupings are the axis of democracy, Admiral Keating said that there is a possibility of China’s participation in the further edition of the Malabar exercise, and added that the PLA Navy should regularly take part in bilateral and multilateral exercises.

Replying to a question, Admiral Keating said he has made Indian authorities aware of US’ concern regarding three bilateral deals including Logistics Support Agreement, which would ensure free access to US warships and aircraft to India for refuelling and replenishment of supplies.

He further said that the United States shares long standing friendship in military field with India and New Delhi is a good friend and strong partner of Washington.

Commenting on May 1 incident in which two Chinese fishing boats closed in on and maneuvered dangerously close to the USNS Victorious in international waters in the Yellow Sea, Admiral Keating said that the recent harassment of US Navy ships by the PLA Navy is “troublesome.”

Earlier on March 8, five Chinese vessels surrounded and harassed the USNS Impeccable 80 nautical miles off Hainan Island.

“We view Chinese behaviour with concern and our State Department has issued demarche on several occasions. We want Chinese ships to operate in lawful manner,” the head of the US Pacific Command added.

Admiral Keating further said that piracy has been tremendously reduced in the Malacca Straight due to a joint effort between Malaysia, Indonesia, Singapore, Thailand, Philippines and the US.

“Some 40 percent of world trade, or 50,000 ships a year, pass through the straight dividing the Indian from the Pacific Oceans.

Three years ago, pirates launched 50 attacks a year, now down to five,” he said. By Praful Kumar Singh (ANI)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Dubai Airport Free Zone shows increased net profit reaching 84 pc in 2008

May 5, 2009 By Leave a Comment

Nicosia, May 5 (ANI): Despite the global financial crisis and the recession recorded in the last months of 2008, Dubai Airport Free Zone has shown a remarkable increase of occupancy by 58 per cent in 2008 compared with the previous year.

The Zone also recorded 84 per cent increase of net profit and 59 per cent of revenues, the Chairman of the Zone Sheikh Ahmed said.

Sheikh Ahmed said he was confident that those growth rates would continue given the current expansion plans, which have allocated AED, two billion for investment in new facilities to be ready for more foreign investment flow in the near future.

He stressed that the Dubai Airport Free Zone plays a vital role in the economy of the country.

According to figures released by the country’s statistics department, Dubai’s non-oil trade grew 38 per cent in 2008, totaling AED 934.7 billion as compared to AED 678.5 billion in 2007.

This positive development augurs well for the materials handling and logistics sector which is set to gather in the emirate from May 31 to June 2, 2009, at the “Materials Handling Middle East Exhibition” to be held at the Dubai International Convention and Exhibition center.

The Materials Handling Middle East Exhibition is described as the ultimate International Exhibition for Logistics, Supply Chain, Freight and Cargo Industries, which will help exhibitors increase their market share in the Gulf, the Middle East, the Indian subcontinent and the CIS. (ANI)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , , ,

Daimler executive Grube to take helm at Deutsche Bahn

May 3, 2009 By Leave a Comment

Essen – Ruediger Grube, a top executive at car company Daimler, was nominated Saturday as the new head of German state-owned railway company Deutsche Bahn. The 57-year-old Grube replaces Hartmut Mehdorn, who quit last month after Deutsche Bahn had admitted to illicit surveillance of its employees.

“I look forward to the new task,” Grube said after a special meeting convened by Deutsche Bahn’s management on Saturday. He is to take over the role on May 1.

Grube also pledged that by June 1 he would “immediately, quickly and unconditionally resolve” the data surveillance scandal which forced Mehdorn’s departure, after ten years at the head of one of Germany’s last large state-owned corporations.

Deutsche Bahn had been forced to admit that details of up to 170,000 employees were monitored, supposedly to fight corruption within the company.

Grube, whose appointment was proposed by the government, has been a board member of Daimler since 2001.

Grube is to head the holding company as well as Deutsche Bahn subsidiary DB Mobility Logistics, responsible for the railway transport of people and goods.

Deutsche Bahn had plans to privatize, before the financial crisis hit last autumn. (dpa)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Hitachi Comments on the Articles of Its Equity-Method Affiliate

April 17, 2009 By Leave a Comment

TOKYO–(Business Wire)–
Hitachi, Ltd. (NYSE:HIT)(TOKYO:6501) commented on news articles that reported
business integration relating to Renesas Technology Corp., Hitachi`s
equity-method affiliate. These articles weren`t based on Hitachi`s decision or
disclosure.

About Hitachi, Ltd.

Hitachi, Ltd., (NYSE:HIT)(TOKYO:6501), headquartered in Tokyo, Japan, is a
leading global electronics company with approximately 390,000 employees
worldwide. Fiscal 2007 (ended March 31, 2008) consolidated revenues totaled
11,226 billion yen ($112.3 billion). The company offers a wide range of systems,
products and services in market sectors including information systems,
electronic devices, power and industrial systems, consumer products, materials,
logistics and financial services. For more information on Hitachi, please visit
the company’s website at http://www.hitachi.com.

Hitachi, Ltd.
Atsushi Konno, +81-3-5208-9325 (Japan)
atsushi.konno.gs@hitachi.com
or
Hitachi America, Ltd.
Dash Hisanaga, +1-914-333-2987 (U.S.)
tadashi.hisanaga@hal.hitachi.com

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , ,

Air Cargo World Presents an Exclusive Webcast on April 14: Insight and Analysis on…

April 13, 2009 By Leave a Comment

Air Cargo World Presents an Exclusive Webcast on April 14: Insight and
Analysis on the New Government Mandate for 100% Screening of air Cargo by 2010

WASHINGTON DC, April 13 /PRNewswire-FirstCall/ — How is the air cargo
industry preparing itself to implement the U.S. Government’s mandate for
screening 100 percent of all international inbound cargo aboard passenger
aircraft by August 2010? That’s the number one question for the air freight
industry as it faces the challenge of meeting the 2007 Homeland Security law.
Aviation and security experts will address this critical issue during a free
webinar to be released tomorrow, April 14, by Air Cargo World. The webcast
will be available afterward, on demand, at

http://www.aircargoworld.com/screening.

The discussion and analysis will include presentations from a panel
discussion held at AirCargo 2009 and newly released interviews with the
panelists by Paul Page, editorial director of The Journal of Commerce. The
webcast will be broadcast for the first time at 2:00 p.m. EST, April 14.
The topic is especially timely as the industry has only recently met the
congressional deadline to screen 50 percent of all air cargo and now faces
major operational and financial hurdles to meet the 2010 deadline of 100 per
cent. Participants in the Air Cargo World webinar will include The Honorable
Asa Hutchinson, former Under Secretary of the Department of Homeland Security
and chairman of the Safe Commerce Coalition; Dave Brooks, President of
America Airlines Cargo; Brandon Fried, Executive Director of the
Airforwarders Association; Chris Connell, President, Commodity Forwarders
Inc., and Brad Elrod from Global Logistics Security at Pfizer Pharmaceuticals.
“It is imperative that our industry pulls together if we are to meet the
mandate,” said Steve Prince, publisher of Air Cargo World. “We need to share
best practices and explore ideas for innovative operational, security and
financial steps that can be taken to adapt to the 100 percent screening
environment.”
Prince added, “While initial reports are somewhat optimistic about the
impact on the supply chain, a number of critical issues remain. For example,
how will the new ruling impact businesses and consumers who rely on
just-in-time delivery, such as medicines? This free webcast will help
airlines and forwarders to establish or strengthen procedures that will
ensure compliance by the deadline.”
The webinar is sponsored by American Airlines Cargo. To register for the
broadcast please visit http://www.aircargoworld.com/screening or contact
Steve Prince at +1 770-642-9170.
About Air Cargo World
Air Cargo World (http://www.aircargoworld.com), founded in 1942, is the
air freight industry’s leading global publication. Each domestic and
international monthly issue, and its companion website, provides global
airfreight news, analysis, features, special reports and statistics to
logistics professionals, shippers, airfreight forwarders, importers,
exporters and others who purchase transportation products and services in the
airfreight sector. It is published by UBM Aviation (

http://www.ubmaviation.com)

SOURCE UBM Aviation

Media contact: Alison Pickering, Corporate Communications, UBM Aviation,
apickering@ubmaviation.com +44(0)1582-695477

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Buy Essar Shipping – Nirmal Bang

April 8, 2009 By Leave a Comment

Nirmal Bang has maintained its ‘Buy’ rating on Essar Shipping Ports and Logistics stock to achieve a target between Rs 48 within 1-5 days.

Traders can buy the stock on dips with a stop loss of Rs 42.

Shares of the company, on Monday (April 06), closed at Rs 40.30 on the Bombay Stock Exchange (BSE). Current EPS and P/E ratio stood at 4.03 and 10.45 respectively. The share price has seen a 52-week high of Rs 187.85 and a low of Rs 19.40 on BSE.

The report also said that a big move is expected if the stock maintains above 42.

Essar Shipping, on April 05, announced that it has joined hands with banks for its Rs 738 crore bulk terminal in Hazira and it will achieve financial closure for the other bulk terminal in Salaya, Gujarat, by the next two months.

Mr. V Ashok, Essar Shipping Ports and Logistics Director, said, “We have achieved financial closure of the Rs 738 crore for the bulk terminal in Hazira. We have raised funds through a consortium of Indian banks.”

The debt equity ratio of the project is 70:30.

The company has “launched the transaction” to raise funds for the Salaya bulk terminal and it is expected to be complete in the next two months, he said, adding Rs 800 crore is planned to be raised for the project.

In March 2009, Essar Oilfield Services, a division of Essar Shipping Ports and Logistics, stated that it has plans to acquire two jack-up rigs for $440 million.

The two jack-up rigs are projected to join the company’s fleet by the next two years, which presently owns 13 land rigs and 1 semi-submersible rig.

In addition to jack-up rigs, the company was also looking at securing other assets that comprise offshore drilling assets that would be in synergy with its growth plans.

The company has plans to swell outside India and is considering various chances in the onshore and offshore drilling space in several zones including the Norwegian region, Latin America, West Asia, Africa and Asia.

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The top 20 jargon-filled titles to make jobs sound worthier

April 8, 2009 By Leave a Comment

London, Apr 8 (ANI): Are ‘front line customer support facilitators’ ruining your life by calling you again and again? Did you skip today’s newspaper-tea combo because the ‘media distribution officer’ failed to make a delivery? Well, don’t get perplexed. These are just two of the bureaucratic new job titles now spreading like flu.

In a bizarre attempt to make employees’ roles appear more important, new titles have replaced “dinner ladies” and “call centre workers”, a study has found.

Among many, paperboys have been changed to Media Distribution Officer, call centre workers to Front Line Customer Support Facilitator, the research found.

Also, tollbooth collectors have been elevated to “Coin Facilitation Engineers”, The Telegraph reported.
As per a survey of British workers, even dishwashers have been promoted to “Gastronomical Hygiene Technicians” by their employers.

The list of titles was compiled by market research company OnePoll.com after researchers carried out a four-month online survey of thousands of staff and employers who provided their unusual titles.

A spokesman said: “These job titles are absolutely barmy. Some have been bubbling around for a few years but now the practice of dreaming up such title seems to have gone into overdrive.

“I wonder whether deep down the people who occupy these positions are happy with them.”

Top 20 jargon-filled job titles:

1. Beverage Dissemination Officer – Barman

2. Colour Distribution Technician – Painter and Decorator

3. Customer Experience Enhancement Consultant – Shop Assistant

4. Domestic Technician – Housewife

5. Education Centre Nourishment Consultant – Dinner Lady

6. Highway Environmental Hygienist – Road Sweeper

7. Field Nourishment Consultant – Waitress

8. Five a Day Collection Operative – Fruit Picker

9. Front Line Customer Support Facilitator – Call Centre Worker

10. Gastronomical Hygiene Technician – Dish Washer

11. Mass Production Engineer – Factory Worker

12. Media Distribution Officer – Paper Boy

13. Mobile Sustenance Facilitator – Burger Van Worker

14. Mortar Logistics Engineer – Labourer

15. Petroleum Transfer Engineer – Petrol Station Assistant

16. Recycling Operative – Bin Man

17. Sanitation Consultant – Toilet Cleaner

18. Coin Facilitation Engineer – Toll Booth Collector

19. Transparency Enhancement Facilitator – Window Cleaner

20. Vehicle Restoration Engineer – Panel Beater (ANI)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Gati buys 26 pct in Kausar, ups stake to 99.73 pct

April 2, 2009 By Leave a Comment

Logistics firm Gati Ltd said on Wednesday it has acquired 26.01 percent in trucking company Kausar India Ltd, taking Gati’s stake to 99.73 percent.

The shares were acquired through a reverse book-building process on March 31.

Gati, the sole promoter of Kausar India, had said it planned to delist Kausar shares from the Delhi Stock Exchange and Ludhiana Stock Exchange Association.

At 11:52 a.m., Gati shares were up 6.3 percent at 43 rupees in a firm Mumbai market.

Filed Under: International News Tagged With: , , , , , , , , , , , ,

Lieutenant General Avinash Chander Soneja posted as DG of OL and SM

March 30, 2009 By Leave a Comment

New Delhi, Mar 30 (ANI): Lieutenant General Avinash Chander Soneja, an alumnus of the Sainik School, Kapurthala, has been posted as Director General of Operational Logistics and Strategic Movement at Integrated HQ of Ministry of Defence (Army), New Delhi.

The General Officer had joined Sainik School, Kapurthala (Punjab), in January 1963.

A graduate of the Defence Services Staff College, Wellington, he had attended the prestigious higher command course at Indian Army’s War College, Mhow.

He holds Post Graduate degrees in MSc and M Phil (Defence Studies) and MBA (HRD). He has held numerous command and staff appointments including the General Officer Commanding, Counter Insurgency Force (Romeo) in Jammu and Kashmir.

The General Officer has been decorated with the Ati Vishisht Seva Medal and twice with Vishist Seva Medal for his outstanding performance.

The General Officer is married. His wife Neelam Soneja is a school teacher and the couple have two children. (ANI)

Filed Under: International News Tagged With: , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
« Older Posts