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Panalpina says it will offer its customers in Ludhiana a full portfolio of services including access to an extensive global air network and international ocean ports. “Our four offices in north India, our strong market position in air and ocean freight, our capability to offer tailored supply chain solutions and our extensive local knowledge make us a leading player in this strategic region,” claims Rupesh Gupta, head of north district, Panalpina India.Panalpina’s offices in north India are in Delhi, Kolkata, Jaipur and now Ludhiana.
The model 5 crane was delivered to the DRC terminal in one piece on board the multipurpose vessel BBC Oder from Antwerp, Belgium.With a working radius of up to 51 m, the Terex crane is designed to handle containerised cargo. The second unit – set to arrive in September – will operate with an automatic twin lift spreader capable of lifting a maximum of 60 tonnes, and will also have heavy lift capacity, able to lift 125 tonnes at an 18 m outreach.MGT is a joint venture company between International Container Terminal Services Inc (ICTSI), the Ledya Group and SCTP.The terminal was originally scheduled to commence operations in August 2016 with one berth, and complete the rest of its development – a second berth and 350 m long quay – by November 2016. The crane arrives in Matadi on board BBC Chartering’s vessel BBC Oder. www.ictsi.comwww.terexportsolutions.comwww.bbc-chartering.com
The new ferry will connect Dover and Calais; with a capacity of 3,100 lane metres and up to 1,000 passengers, the vessel will be DFDS’s largest ferry operating in the English Channel.The order is part of DFDS’s renewal of its fleet and will replace one of the six ferries currently operating in the English Channel. www.stenaroro.com www.dfdsseaways.co.uk
The architect of the merger that created the £40m London practice HowardKennedyFsi is to leave in the coming months, the firm announced today.Mark Dembovsky, who joined Howard Kennedy as its first non-lawyer chief executive, was the driving force behind the merger with Finers Stephens Innocent which was completed at the beginning of this year. In a statement Dembovsky said: ‘It has been a privilege to have worked for the last three years with very special people on a programme of change that has seen Howard Kennedy and then HowardKennedyFsi take on a focused and game-changing approach to the provision of legal services to its impressive client base and wider market. I wish the firm every success in the future and am sure that it will continue to go from strength to strength.’Management committee member Craig Emden said Dembovsky ‘has made enormous strides working with us to transform our two legacy practices and set us on a path of an exciting future’.‘We are sad to see Mark go and are sure that he will make a significant and positive impact on whatever he turns his hand to. We wish him well for the future.’Management committee members Emden and Paul Millett will take over as joint managing partners after a short handover period, the statement said.
The number of the claims management companies has halved in the past five years as civil justice reforms continue to affect the sector.Today’s annual report by the Claims Management Regulator says that the number of authorised CMCs has fallen from a peak of 3,213 in 2013 to 1,610 in 2016.But there are signs the flux in the market has started to ease off: CMC numbers fell by just 142 in the past year and almost three-quarters of CMCs have been in business for more than three years.Turnover in the personal injury claims sector has fallen by almost a third in the last year to £215m, largely due to the ban on referral fees in 2013 and subsequent restrictions on marketing affecting the industry.The total income of the entire claims management sector is now £751.6m, of which £532m is made through financial products and services.New applications to be authorised continue to reflect that fewer businesses want to be involved in the sector: the regulator received an average 16 applications a month in 2015/16, compared with 25 per month the year before.Before the civil justice reforms, 40 applications were made each month.The CMC regulator, run by the Ministry of Justice but due to be transferred to the Financial Conduct Authority, said the dominance of a few businesses made it difficult for newcomers to enter the market, while PI reforms also made it less attractive for start-ups.In personal injury, the sector remains ‘polarised’ with a small number of large CMCs operating nationally, while most of the sector is made up of small, locally operated CMCs who have worked with a solicitor firm to adapt their business model to comply with the referral fee ban.For many of these smaller CMCs, accident management activities including recovery, storage, repair and vehicle hire, have become more profitable than injury claims.Noise-induced hearing loss claims fell ‘significantly’ in 2015/16, largely through enforcement action against non-compliant marketing and a drop in demand.Nuisance calls related to NIHL have ‘significantly reduced’ following enforcement action.The north-west continues to be the hub for personal injury CMCs, with 256 out of the total of 868 situated in the region. Greater London had the next biggest concentration, with 168 personal injury CMCs.Overall during the year, the regulator issued 247 warnings to CMCs and made 1,196 visits. In personal injury, one investigation was commenced and 53 warnings issued.
The chair of the bar council has supported demands by justice secretary Liz Truss to increase diversity in the justice system and has called for the bar and judiciary to ‘reflect society at large’.Chantal-Aimee Doerries said today that ’everyone wants to see greater progression’ for female as well as black, Asian and minority ethnic lawyers and judges. Truss used her speech at the Conservative Party Conference in Birmingham this week to criticise the lack of diversity in the legal profession.She told delegates that only one in seven QCs and one in three partners at law firms are women. Fewer than one in 10 judges come from ethnic minorities, Truss said.Truss also attacked the Supreme Court, which she said has just one woman out of 12 judges and not one from an ethnic minority.The justice secretary told the conference that a modern justice system was not just reflected in practices and processes ‘but in its people’.In a statement, Doerries added: ‘The bar is making great efforts to promote diversity and retain talent. Transformation will take time but we must respond to legitimate concern.‘We look forward to working with the lord chancellor to help her achieve her ambition to promote greater diversity in the profession.’Doerries said there were initiatives under way at the bar including mentoring schemes, one of which is aimed at supporting women and ethnic minority barristers seeking to become QCs and members of the judiciary.Other initiatives include practice guides for chambers and barristers on fair recruitment, family career breaks, and equality and diversity training.As head of the bar council, Doerries is one of three women involved in leading the barristers profession alongside Louisa Nye, head of the young barristers’ committee and Lorinda Long, the bar council’s treasurer.
CZECH rolling stock supplier Skoda Dopravní technika has won a contract to supply a prototype five-car metro trainset to the Ukrainian capital Kyiv, in conjunction with the Russian firm Vagonmash St Petersburg. The unit is due to be delivered in November, after which Kyiv Metro expects to order a series build of 10 units for delivery by 2005.Skoda will supply all electrical equipment including traction motors and controls, whilst Vagonmash will supply the bodyshells, underframes and other mechanical parts. The motor car will be assembled by Skoda at Plzen, and the other four vehicles will be built in St Petersburg under Skoda’s supervision. Skoda has been awarded a KC2·5bn contract to overhaul 500 CKD-built trams in Moscow, in co-operation with Inekon. The firm is also bidding to supply new trams to the Belarus capital Minsk.
Chinese State Councilor and Minister of Public Security Zhao Kezhi (R) meets with Mampho Mokhele, Lesotho’s minister of police and public security, in Beijing, capital of China, March 26, 2018. [Photo-Xinhua]China and Lesotho agreed to strengthen cooperation on law-enforcement and security, as public security ministers from the two countries met in Beijing Monday.“The two countries’ law enforcement departments should step up pragmatic cooperation in chasing fugitives and illicit money, and law-enforcement capability building,” said Chinese State Councilor Zhao Kezhi, who is also minister of public security.He also called for more efforts to ensure the security of citizens and organizations in each other’s countries.“China always treats Lesotho as a sincere friend for common development,” Zhao said, pledging to strengthen all-round cooperation with Lesotho and uphold justice while pursuing shared interests.Mampho Mokhele, Lesotho’s minister of police and public security, agreed to beef up cooperation with China in law-enforcement and security.
Image used for representational purposes only (Image Courtesy: DFDS) Due to the current exceptionally high uncertainty, the outlook and its assumptions may change significantly as the year progresses. OUTLOOK 2020 • EBITDA down 10% to DKK 610m • Short term focus on mitigating earnings and cash impacts • All freight activities continue operations Q1 2020 • Full-year EBITDA is likely to be reduced towards DKK 2bn (2019: DKK 3.6bn) • Investments of around DKK 1.6bn (previously DKK 2.3bn) Outlook 2020 Managing through Covid-19 • Financial position remains strong Author: Baibhav Mishra EBITDA before special items for 2020 is likely to be reduced towards DKK 2bn. The outlook – that is significantly more uncertain than usual – builds on a number of assumptions of which key elements are freight volumes and the impact of travel restrictions on passenger route operations and volumes. The current suspension of passenger activity has a significant financial impact that may amount to up to around 60% of the potential decrease in EBITDA in 2020 compared to 2019. Revenue decreased 1% to DKK 3.8bn in Q1 and EBITDA before special items decreased 10% to DKK 610m. Covid-19 had up until mid-March a limited impact on revenue and earnings, particularly on freight. From mid-March, two passenger routes were suspended and passenger travel on other routes was reduced to only essential travel. Freight activities were also negatively impacted from mid-March. Sea News, May 7 • Improved result for Baltic Sea • Passenger earnings reduced by travel restrictions “We are adapting operations to secure continued reliable and efficient transportation across Europe. With our strong network and experienced people, we are well positioned to meet both challenges and opportunities,” said Torben Carlsen, CEO. • Revenue down 1% to DKK 3.8bn • EBITDA is likely to be reduced towards DKK 2bn (2019: DKK 3.6bn)