News / China-US trade war straining the links in global supply chains

first_img The failure of shipping lines to make a profit and terminal operators reporting declining profitability is putting the entire supply chain at risk, delegates at this week’s TOC Americas Container Supply Chain event in Panama heard.Dinesh Sharma, executive director at supply chain analyst Drewry, said carriers and terminal operators were being pressured to diversify their business portfolios to mitigate the increasing risks from the trade war between China and the US and the huge surge in costs expected to hit carriers once the IMO’s low sulphur fuel regulations come into force in 2020. By Gavin van Marle in Panama 16/11/2018 “Both carriers and terminal operators are diversifying, which is understandable when you see that asset-light freight forwarders are continuing to make money, and they are a target for carriers.“The risks of this strategy is that now each operator in the supply chain currently has a defined role which they are good at. But what happens when everyone owns operations all along the chain?“Are they going to be competing with their customers – those forwarders which remain independent – and will they be able to deliver value to the end customers, the shippers?“I don’t think these questions have been answered,” he said.Mr Sharma questioned the effectiveness of US president Trump’s tactic of applying new tariffs on Chinese exports, if his aim was to stimulate US manufacturing, reverse the trade deficit or in some way penalise China by heaping extra costs onto its exporters.“Firstly, China can simply lower the value of the yuan to counteract that; but if that doesn’t work and exporting directly from China becomes too expensive, then Chinese firms have the option of moving manufacturing to third countries – we don’t think the tariffs will help the US in any way.“We see two scenarios developing: either China yields to Trump’s demands, which we think is very unlikely; or come the next US presidential election in 2020 the tariffs are rolled back.“The International Monetary Fund believes 2020 is the point at which the tariffs will begin to hurt the US economy,” he said.center_img © Jingaiping | Dreamstime.com – Shanghai Yangshan Deepwater Port Economic FTA container terminal crane lifting towerslast_img read more

Eriksen a ‘mysterious object’, ‘clear there’s a problem’ – Not working…

first_imgInter Milan lost 2-0 to Juventus on Sunday, in a match which could be hugely important for the Serie A title race. Antonio Conte’s side would have been 2nd, three points behind Juve had they won, and five points behind Lazio, with a game in hand on both. Instead they find themselves third and drifting away.Christian Eriksen was supposed to be a boost to Conte’s title challenge, with Inter signing him from Tottenham in January. There was huge hype in Italy around the move, and it was thought the Spurs man could provide creativity when needed, such as against Juventus.However, it’s been the version of Eriksen seen towards the end of his Tottenham days, under both Jose Mourinho and Mauricio Pochettino, rather than when he was in his Spurs pomp.Gazzetta dello Sport rated the Denmark international 5/10 against Juve, the same mark they gave to Romelu Lukaku and Lautaro Martinez. Eriksen only had 31 minutes, coming on as a substitute, and it follows 13 minutes against Lazio and 18 against AC Milan.Embed from Getty ImagesGazzetta have published an article asking what’s wrong with Eriksen’s situation. He’s described as a ‘mysterious object’ who is ‘difficult to place tactically’, and it’s said to be ‘clear there’s a problem’.It’s not thought Eriksen has the fire Conte wants, and he was unable to get into the game against Juventus and show the hunger desired. In reality, that’s not really part of Eriksen’s game, and he was hardly a lion on the leash at Tottenham.Conte needs to find a way to fit his expensive signing into the Inter system.by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksTrending TodayForge of Empires – Free Online GameWill You Build The Most Beautiful City?Forge of Empires – Free Online GameUndo聽多多 Hearmore.asia1969年前出生的香港居民現可免費試戴頂尖的歐洲助聽器聽多多 Hearmore.asiaUndoHero WarsGetting this Treasure is impossible! Prove us wrong!Hero WarsUndo熱門話題小心會長過頭…網友推爆:「真的長得超誇張!」熱門話題UndoRaid: Shadow Legends | Free DownloadEven Non-Gamers Are Obsessed With This RPG Game (It’s Worth Installing!)Raid: Shadow Legends | Free DownloadUndoCNN with DBS BankWhat Banks Did To Help Corporations Mitigate Future CrisesCNN with DBS BankUndoCoworking Space | Search AdsThe cost of shared office in Hong Kong might surprise youCoworking Space | Search AdsUndoLoans | Search AdsNeed a loan? Search hereLoans | Search AdsUndoGrepolis – Online Free GameGamers Around the World Have Been Waiting for this Game! Already 35 Million PlayersGrepolis – Online Free GameUndolast_img read more

Drogba, kids tackle xenophobia

first_img30 June 2009The stadium could hardly have been more rustic and the goalposts had simply been planted between their rugby equivalents, but the atmosphere was worthy of Ellis Park itself during Bafana Bafana’s recent outings.Welcome to the sports field of Jeppe Boys High School in Johannesburg, where the Youth African Soccer Cup, devised to help South African children discover other African countries and their cultures, took place on the weekend.Mini-African Nations CupA mini-African Nations Cup on a local scale, the competition brought together schools from various Johannesburg townships to defend the colours of 19 African countries – and the presence of special guest and project ambassador Didier Drogba ensured the day was as noisy as it was unforgettable.The passion emanating from the stands was impressive to behold, with flags, excited cries, crowd chants and, of course, the inevitable vuvuzelas offering the full South African football experience.Naturally, the spectacle itself contained no Fernando Torres, Kaka or Teko Modise, but the players aged 15 or below lacked none of the hunger of their elders, and in some cases their technical skills were barely lagging those of their heroes.“In addition to the extraordinary atmosphere, the level is very good,” Drogba told Fifa.com. “I’d have loved to put my boots on and played with them, but the most important thing wasn’t to play; it was the reasons behind the initiative.”African Diaspora ForumThe project was launched by the African Diaspora Forum in response to the tragic events that unfolded in South Africa last year, when tensions spilled over between locals and foreign residents, resulting in the deaths of over 60 people in Alexandra township in east Johannesburg.That prompted the African Diaspora Forum, an organisation representing 30 foreign-resident associations, to mount a campaign against xenophobia in South Africa – and what better way to lead the fight than by educating youngster via their favourite activity?Not only did each team take to the field to defend the colours of a continental neighbour, they had already spent months learning about that country at school. It was therefore no surprise to see South African youngsters recite the Tanzanian or Nigerian national anthems to perfection before their matches kicked off.A midfielder for the school from Troyville, Nelo was representing Tanzania for the day and, despite being just 11, he was keenly aware of being involved in much more than a mere football tournament.‘Today, I feel Ivorian’“My parents are Ivorian and came to South Africa 15 years ago,” Nelo explained, moments before his side won the final in their age category against Nigeria. “They were very moved by what happened last year. Today, I feel Ivorian and South African, and I’ve discovered a third culture. I feel Tanzanian, and I’m very proud to represent this country.”Nelo clearly had much more to share on the subject, but he suddenly fell mysteriously silent, before bolting off towards the school entrance with hundreds of his peers.A rumour had swept through the venue that Didier Drogba was present, and the whole school quickly sizzled with euphoria. Matches had to be interrupted and an informal press conference was staged in the centre circle as the Elephants’ captain stepped on to the pitch to greet the young protagonists.Having long been involved in promoting national reconciliation within his own country, the Chelsea striker rarely misses the chance to add his encouragement to events of this type.“What these children are doing is fantastic,” he said, impressed by how seriously the youngsters were clearly taking the tournament. “It’s through knowledge and study that these children will succeed in changing mentalities and do away with xenophobia.”Coming together of culturesHanging on her idol’s every word, and with South African and Cameroonian flags painted on either cheek, Marcy provided perhaps the perfect symbol of the coming together of cultures so crucial in the struggle against xenophobia.“I’m happy to have discovered a new country and its culture,” Marcy said. “For now, it’s only been through football and what we’ve learnt at school, but one day I hope to be able to visit Abidjan.”In all the excitement, Marcy seemed to have mixed Yaounde up with the former Ivorian capital, but it was easy to understand such oversights on a day charged with emotion and spent in the presence of Cote d’Ivoire’s most famous face.What mattered most was that the intended message had been conveyed. By opening their eyes to other cultures, these children have started to close the door on xenophobia.Source: Fifa.comlast_img read more

9 months agoSolskjaer: De Gea can be Man Utd’s greatest ever

first_imgAbout the authorPaul VegasShare the loveHave your say Solskjaer: De Gea can be Man Utd’s greatest everby Paul Vegas9 months agoSend to a friendShare the loveManchester United boss Ole Gunnar Solskjaer believes David de Gea is capable of going onto become the club’s greatest ever.United keeper de Gea made ELEVEN saves to single-handedly deny Tottenham at Wembley and Solskjaer put him alongside Edwin van der Sar and Peter Schmeichel.Solskjaer, who enjoyed his sixth straight win as caretaker boss, said: “He is the best keeper in the world. We’ve had some great goalkeepers and he’s challenging Edwin and Peter for the No 1 spot historically.“He had one (brilliant game) against Arsenal last year. He should’ve held a few of them! One or two fantastic saves and the rest of it was about concentration. “Team spirit is the first thing. Second is we can defend. (Phil) Jones and Victor (Lindelof) were fantastic. We’ve got the best goalkeeper in the world. We’ve got blistering pace. It’s a fantastic goal – it’s hard to do that, you know. It’s a well-struck finish.” last_img read more

a month agoLiverpool captain Henderson impressed by Mount

first_imgLiverpool captain Henderson impressed by Mountby Paul Vegasa month agoSend to a friendShare the loveLiverpool captain Jordan Henderson says Mason Mount has the mentality to succeed at Chelsea.Henderson could come up against his compatriot when Chelsea host the Premier League leaders at Stamford Bridge on Sunday.He told Sky Sports: “They’ve got huge potential with the likes of Mason already training for England, I can see he’s got the right mentality to play football.”Technically he’s very good. Everyone can see that he’s hungry to be a very good player and is a very exciting prospect. He’s started the season very well along with Tammy [Abraham].”They haven’t had a couple of results go their way, with the Sheffield United game and Valencia, but in terms of the way they’re playing I can definitely see an improvement.” About the authorPaul VegasShare the loveHave your saylast_img read more

First Tranche of IMF Funds Due Today

first_imgStory Highlights Government’s growth and development agenda is aimed at creating jobs and achieving sustainable improvement in the lives of all Jamaicans. The first tranche of US$207 million from the International Monetary Fund (IMF) is expected to be deposited into the Jamaican account May 3. Government is committed to fulfilling its obligations under the IMF Agreement. The first tranche of US$207 million from the International Monetary Fund (IMF) is expected to be deposited into the Jamaican account May 3.Confirmation came from Prime Minister, the Most Hon. Portia Simpson Miller, who addressed a post budget news conference on May 3, at Jamaica House, where she reiterated that US$90 million will be provided for budgetary support.  This sum will be deposited directly to the Ministry of Finance.Mrs. Simpson Miller noted that the Government’s growth and development agenda, which is underpinned by the four-year Extended Fund Facility with the IMF, is aimed at creating jobs and achieving sustainable improvement in the lives of all Jamaicans.She pointed out that many of the project initiatives announced by Government, “by their very nature and given their scale and scope”, cannot be completed overnight.  She added however, that a start has been made.“These initiatives, which we are fast-tracking, will create thousands of jobs and opportunities for Jamaican businesses. They will have a positive impact on economic growth and national development,” Mrs. Simpson Miller said.Mrs. Simpson Miller emphasized that fixing the economy will come with challenges, pointing out that, “we can overcome those challenges with the right mix of policies and programmes, coupled with steely determination and perseverance.”She also affirmed that the government is committed to fulfilling its obligations under the IMF Agreement.In the meantime, Finance and Planning Minister, Dr. the Hon. Peter Phillips, said that the government will be trying to overshoot the growth targets that have been conservatively set under the agreement.“The mission of the administration, now that we have concluded this phase of the negotiations, is to try to augment the positive growth side over and above those expectations,” Dr. Phillips said.He reiterated that the IMF programme is difficult but necessary.  “We can either, as a country, talk ourselves into the depths of despondency and hopelessness or we can decide, as thousands of Jamaicans do every day in the face of difficulties and hardships, to get up and move with hope, with expectations, with confidence and faith in the Almighty, that we will in fact achieve the objectives set.“We owe ourselves and we owe future generations, no less,” Dr. Phillips said.last_img read more

COSCO Shipping Closes Another Dormant Business

first_imgzoom COSCO Shipping International (Singapore) has decided to formally dismiss its dormant subsidiary, Cos Knight Shipping.As informed, a resolution for the dissolution of the company incorporated in the Republic of Panama was presented to the business registry of Panama and Cos Knight Shipping has been dissolved.The move follows the scrapping of a vessel owned by Cos Knight Shipping, the Supramax bulk carrier Cos Knight.“The dissolution of Cos Knight Shipping is not expected to have any material impact on the net tangible assets and earnings per share of the company for the financial year ending December 31, 2017,” the company said, adding that none of the directors or controlling shareholders of the company has any interest in the dissolution of Cos Knight Shipping.COSCO Shipping International decided to shut down a number of dormant subsidiaries in 2017.In the first nine months of this year, the company sent six of its bulkers to the scrapyard, reducing its fleet to four Handymax carriers.Separately, COSCO Shipping International said it sent a formal offer document to the shareholders of Cogent Holdings Limited (CHL), a Singapore-based company specializing in logistics management services. COSCO intends to acquire all the issued shared in the capital of CHL.last_img read more

Esgenoopetitj band chief councillors fired over corruption

first_imgAPTN National NewsAboriginal Affairs has fired the chief of Esgenoopetitj and three of its councillors.The decision was made after an investigation into corrupt practices during the band’s last election.An order from Minister of Aboriginal Affairs John Duncan also bans Chief Joseph Dedam, councillors Irene Dedam and Ronald Somerville from participating in elections for two years.Coun. Joseph Dean Barnaby was also fired and is banned for four years.Esgenoopetitj resident Curtis Bartibougue, who lost a bid for chief in the last election, asked the RCMP and the department to investigate. He spoke to APTN National News.last_img read more

NFL Elo Ratings Are Back

A good deal of FiveThirtyEight’s NFL coverage last season used Elo ratings, a simple system that estimates each team’s skill level using only the final scores and locations of each game. For 2015, we’re not only bringing Elo back (with a few small tweaks — more on those in a moment), but we’ve also built a continually updating Elo NFL predictions page that allows you to see the latest rankings, plus win probabilities and point spreads for the current week of NFL games.How do our Elo ratings work? FiveThirtyEight editor-in-chief Nate Silver wrote a detailed FAQ about the formula before the 2014 season, and almost all of it still applies. The only changes we made mirror the methodology we used when applying Elo to the entire history of the NBA back in May and involve what to do when new (expansion) teams are added to the closed circuit of a league.Originally, our Elo formula started each franchise (at its founding) with a rating of 1500, which also represented the rating of an average team. This worked in general, especially since it had been a long time since the league had expanded. But it’s not such a good assumption for handling expansion teams and analogous situations, such as mergers between different leagues. Eventually, we determined that new franchises should be given a rating of 1300,1Which is effectively the Elo level at which the NFL’s expansion teams have played since the 1970 AFL-NFL merger. and in conjunction with this change, we also regress teams toward a mean of 1505 (instead of 1500) after every season.2More specifically, we regress each team’s rating to the mean by one-third. This helps balance against the low ratings assigned to expansion teams, though it does mean the average team no longer carries a 1500 Elo rating.3Because the NFL hasn’t added an expansion franchise since 2002, the average at the end of the 2014 regular season was 1,504.9.Aside from those slight adjustments, Elo still works exactly the same way it did last season: Teams gain and lose ground based on the final score of each game and how unexpected the result was in the eyes of the pregame ratings. Under Elo, teams pick up where they left off: The initial team rankings for 2015 are by definition the same as last season’s end-of-year rankings,4Had our tweaked version of Elo been in place at the end of last season. only more compressed because of the regression toward the mean.Going into Week 1, that means the Seattle Seahawks and New England Patriots are once again the NFL’s highest-rated teams, albeit with lower Elo ratings than when they faced off last season in one of the strongest championship matchups in NFL history. Why? Like other well-designed predictive rating systems, including ESPN’s new Football Power Index, Elo is appropriately cautious early in the season; a team needs to prove itself to warrant a very high or very low rating.5Incidentally, some of you may be wondering why we used FPI in our season previews instead of Elo, and the answer is simple: This year’s preseason Elo ratings are just a regressed-to-the-mean version of last year’s final Elo ratings. The FPI, by contrast, is grounded in not only last year’s ratings but also Vegas over/under win totals and a poll of NFL experts. Combine that with the luck inherent in the NFL — the best teams don’t always win — and even Elo’s top-rated teams, the Seahawks and the Patriots, have just a 15 percent and 14 percent chance of winning the Super Bowl, respectively.Just like last season, we’ll be writing a weekly column using Elo as a jumping-off point to discuss the week’s games. And in between, you can find ratings and predictions on our interactive page.Here’s to another great NFL season! UPDATE (Sept. 7, 2016; 12 p.m.): Our 2016 NFL Elo predictions follow the same methodology as our predictions from last year. Check out the article below for more details. read more

The Dance in Dayton

DAYTON, Ohio – If Thursday’s practice is any indication, the Ohio State men’s basketball team isn’t feeling the pressure of the NCAA Tournament just yet. The West Region’s No. 2 seed spilled onto the University of Dayton Arena floor just before 4:25 p.m. Thursday for a 40-minute practice session in front of a few hundred Buckeye fans. Before the practice clock started to run, OSU players and coaches scattered around the hardwood. Thad Matta spoke to a smiling threesome of Sam Thompson, LaQuinton Ross and Shannon Scott, joking with the sophomores while pointing out aspects of the 13,435-seat facility. Junior forward Deshaun Thomas and junior guard Aaron Craft grinned and waved to scarlet and gray-clad faithful yelling for their attention. OSU’s student-athletes signed autographs on their way off the floor, following less than an hour of work highlighted by an impromptu dunk-off between Thompson and junior guard Lenzelle Smith Jr. The Buckeyes were noticeably comfortable in anticipation of their contest against No. 15 seed Iona Friday at 7:15 p.m. With their NCAA Tournament venue being only roughly an hour drive from Columbus, it’s easy to see why that’s the case. “We had a great practice this morning in Columbus, and an hour and 15-minute ride over here. I like it from that standpoint,” Matta said. “It keeps us in the routine we’ve been in.” “This is amazing,” Craft said. “Buckeye Nation always travels really well, and being only an hour away, it can only help. We’re just really excited to see what kind of crowd we can get out here.” Those in attendance Friday evening will be watching an OSU team that has won eight straight games capped by a Big Ten Tournament championship in Chicago last weekend. “Coach did a great job getting ourselves prepared for March,” Thomas said. But the Buckeyes aren’t ready to brag about any of their accomplishments yet. “It’s not time to celebrate that yet. It’s not time to change who we are as a basketball team, to try to be somebody that we’re not,” Matta said. Don’t expect the Gaels to be flustered by any of OSU’s winning history, either. Led by senior guard Lamont “Momo” Jones, who averages 23 points per contest, Iona won the Metro Atlantic Athletic Conference Tournament. Only six No. 15 seeds have ever beaten a No. 2, but Iona expects nothing short of a victory. “I’m very confident. I think we can win the game, and if we win the game, it’s not going to be a shocker,” Jones said. Jones said he and his teammates respect OSU, but the sharpshooter said he isn’t likely to be fazed by anything the Buckeyes present. Specifically, Jones said he won’t feel pressured by OSU’s defensive-minded guard duo of Craft and Scott. “I don’t think we’ll have a problem with it,” Jones said, noting that he goes against in-your-face defenders every day in practice. OSU players are aware of the outpouring of confidence from their opponent. “We definitely listen. We’re not going to respond to any of that, but we know what they’re saying,” Thompson said. Smith went as far to say that Jones’ comments might have made the Buckeyes more focused for the contest. “If we weren’t ready to play, they just made us ready to play. They gave us all the ammunition (we) needed,” he said. That doesn’t mean the Buckeyes aren’t conscious of the Gaels’ capability to play well. “They’ve got great scorers. They’re very active on defense,” Thomas said. “So what we need to do is just run our offense with pace and hit the open shots and hit the open man and just play hard.” Iona was the second-highest scoring team in the country during the regular season at 80.7 points per game. Along with Jones, junior guard Sean Armand propels the Gaels, dropping 16.6 points a contest. The Buckeyes will have their hands full with Iona’s shooters, who started practice Thursday with a 3-point contest. But Craft thinks his team has its best basketball in front of it. “The worst thing we can do is get complacent. Coach is doing a great job staying honest and having our minds ready to go, and that’s what it’s about,” he said. “This is when the fun starts happening. Hopefully we can extend it.” If OSU gets past Iona, the Buckeyes will take on the winner of the game between No. 7 seed Notre Dame and No. 10 seed Iowa State Sunday. read more