Containerised Trade remains flat indicating Global softening, Weak Domestic Demand: Maersk…

first_imgChina’s domestic protein production is down by5% in 2019, influencing the demand for imports, making it one of the primaryreasons why India has seen export growth to China as far as seafood and otherrefrigerated (Reefer) products are concernedFor reefer exports to the South East Asiaregion, vegetables and shellfish witnessed the highest growth at 13% and 8%respectively, while meat export growth remained flat. Global free tradeagreements might impact India’s reefer exports to EU. Additionally, governmentban on onion exports resulted in overall market for onion exports beingcontracted roughly by 26% Y-o-Y ** Reported data is a combination of market intelligence andMaersk containerised data China is among the top five import countries for India,however imports have declined. India is looking for greater access to theChinese market as it seeks to arrest the fall in farm commodity exports.Private companies from India and China signed more than 120 MoUs for export ofvarious products from India, including sugar, chemicals, fish, plastics,pharmaceuticals and fertilisers. However, India has been cautious when it cameto the Regional Comprehensive Economic Partnership RECP) unless a deal wasoffered which would help protect the interests of local businesses and avoidflooding goods from China into the Indian market through third countries. India wants to boosttrade with China while protecting local interests Steve Felder, Managing Director, Maersk South Asia Steve Felder, Managing Director, Maersk South Asia, said “The current slowdown witnessed in the last two quarters can be accredited to tight liquidity and working capital, weaker domestic consumption patterns and slower global growth. As the global economy continues to face challenges, and trade tensions between major economies ensue, many leading global importers have begun exploring trade alternatives to China. The USA has emerged as a strong trade partner with India showing growth in exports as well as imports. India boosted its ‘Ease of Doing Business’ in World Bank’s 2020 rankings. This provides a huge opportunity to entice multinationals and global investors to grow their trade with India.” Specifically in India, the economic uncertainty, tightliquidity, decline in global export orders and evolving domestic politicalscenario also affected the flow of investments and added to currencyvolatility. While imports into the country witnessed a subdued growth, theoverall fiscal impact was nullified by an identical contraction in exports. India’s import and export container trade in Q3 2019(July-September) remained flat as compared to global growth of 1.5%. Theslowdown is aligned closely with the weaker domestic demand, as well as areflection of the broad-based cyclical weakening of the economic environment inall the main global economies. The negative effects from escalating traderestrictions also weighed on trade growth in the quarter. The traderestrictions have reduced bilateral trade between the United States of Americaand China, and led to shifts in trade structures, with global importers havingshifted sourcing from China to other countries such as Vietnam, Taiwan,Bangladesh and Korea, with Thailand, Mexico and India also showing early signsof being next in line to benefit. (Image Courtesy: Maersk) The apparel exports are exposed to multiple threats likeUSA-China trade tension, Brexit uncertainty and almost flat in major EUeconomies which could slow down the pace and make it challenging for apparelexporters. Though India’s apparel exports have revived during the currentfinancial year, exports aim to grow by 4% Y-o-Y during 2020 after twoconsecutive years of contraction. India’s textile & apparel industry isfacing strong headwinds as key competitors such as Pakistan, Bangladesh andVietnam are given preferred access in India’s biggest textile market — NorthernEurope. INDIA’s VARYING COMMODITY TRADEcenter_img Sea News, December 20 Paper and metal scrap continue to be top tradecommodities. India serves as one of the growing countries for USA and EUrecyclers looking for export markets, specifically for nonferrous and paperscrap.India’s import activity in Q3 2019 increased dueto price incentive caused by the declining value of mixed paper and some oldcorrugated container (OCC) grades on the global market, prompted by China’sstricter standards for recovered fibre imports. The Indian metal recyclingindustry is set to register an annual growth of 11%. “The Government has ambitious goals of reaching to aUSD 5 trillion economy. To achieve this, there has to be a focused approach inimplementing reforms and measure to drastically improve the landsideinfrastructure to boost logistics further and adopt digitalisation as rapidlyas possible. This will help catalyse the export growth, supported by robustpolicy reform. In its second term, the Government has a strong focus onprocuring FDI inflows, structuring policy reforms and facilitatinginfrastructure development. Furthermore, an impetus on increasing industrialmanufacturing while easing corporate tax structures will further prove to be anadvantage to the Indian economy.” Felder concluded. The overall import and export trade growthremained flat during the July-September quarter of 2019While imports into the country witnessed asubdued growth, the overall fiscal impact was nullified by an identicalcontraction in exportsOverall exports to Africa grew by 11% led byappliances & kitchenware, vehicles & seeds, beans and cereals &flourRefrigerated cargo (reefer) exports from Indiato the Mediterranean region witnessed an increase, primarily fuelled by meat,fish and shellfish * Y-o-Y percentage is comparison of Q3 2019 with same periodlast year i.e. Q3 2018 Dry cargo Author: Baibhav Mishra Indian Retail,Apparel & Textile Facing Strong Global Headwinds Refrigerated cargo (Reefer)last_img read more

L3Harris Awarded Contract for US Air Force B-1B Bomber Electronic Warfare System

first_imgL3Harris Technologies has been awarded a five-year contract by the U.S. Air Force for sustainment of the B-1B Bomber’s Electronic Countermeasures (ECM) system which helps to protect the aircraft against evolving electronic threats worldwide. This contract will see L3Harris continue to sustain the AN/ALQ-161A system to meet the future strategic airpower needs of the Air Force through the aircraft’s projected retirement in 2040.L3Harris will provide AN/ALQ-161A repair support to the Air Force as part of the contract. The unit is an integrated radio frequency ECM system designed specifically for the B-1B. It detects and counters radar-based weapon systems and also provides a tail warning function to detect and counter incoming missiles from behind the aircraft. The system sorts threats by priority and reacts against them automatically while allowing for “man-in-the-loop” intervention.The combat-proven and versatile AN/ALQ-161A has been the ECM solution for the B-1B since the 1980s and has helped to protect its aircrews against evolving electronic threats since the Cold War. The company has delivered electronic warfare solutions for a wide variety of airborne platforms for more than 60 years. The company’s airborne EW systems support and enable missions for strategic bombers, tactical fighters and rotary aircraft by helping aviators to detect, avoid, and where necessary, defeat electronic threats at every level of engagement. L3Harris’ Space and Airborne Systems segment provides space payloads, sensors and full-mission solutions; classified intelligence and cyber defense; avionics; and electronic warfare solutions.last_img read more

Sassman Named GSC Top Ten Honoree

first_imgThe award presentations will be made at the GSC’s Annual Awards Banquet on Thursday, May 30, at the Hilton Pensacola Beach. Following the top ten presentations, the conference will reveal the winners of the Commissioner’s Trophies and recognize the All-Sports Trophy Champions (Overall: West Florida, Men: Valdosta State, Women: West Florida). She was named the GSC Player of the Year and the D2CCA South Region Player of the Year for her efforts. Sassman is also a two-time NFCA All-American, garnering a second-team spot this season as a third baseman and a first-team spot as a freshman in 2016. The Orlando, Florida, native has also helped West Florida advance to the NCAA Championship twice, in 2017 and this season. The senior infielder has served as the Student-Athlete Advisory Committee representative for the University of the West Florida for the current school year and has made her mark as a volunteer in Pensacola, working with the Miracle League, Special Olympics and Sacred Heart Children’s Hospital. Sassman is a Biomedical Sciences major with a grade point average of 3.87, earning her GSC Academic Honor Roll recognition three times and GSC Spring All-Academic Team honors last season. She was also named to the CoSIDA Academic All-District Team twice, and has appeared on both the Dean’s List and the President’s Honor Roll multiple times at UWF. #ARGOS#Print Friendly Version The “Top Ten” are selected with the assistance of an advisory committee representing the Athletic Directors, Senior Woman Administrators, Sports Information Directors, Faculty Athletics Representatives, and Presidents from randomly selected GSC schools, which makes a recommendation to the Commissioner, who has the final decision. Sassman’s tireless work ethic and positive attitude allowed her to play an integral part in the success of the UWF softball program. The Argonauts enjoyed their most successful season in over a decade in 2019, winning the regular season and postseason GSC Championships with 54 victories on the year, taking their second South Region Title in the last three seasons, and making another trip to the NCAA Championship. Sassman was outstanding during her senior campaign, leading her team with 27 extra base hits, 52 RBIs and a .601 slugging percentage. BIRMINGHAM, Ala. – Senior Rhiannon Sassman has been selected as a Gulf South Conference Top Ten Award winner, the league announced on Tuesday. The award recognizes the top five female and top five male student-athletes in the GSC for their athletic, academic, and extracurricular achievement during the 2018-19 academic year. The top male and top female from each group of honorees will be awarded the Commissioner’s Trophy, which is the conference’s most elite award. GSC TOP TEN FULL RELEASE Sassman is joined by UWF senior men’s golfer Christian Bosso on the Top Ten list, and her fellow GSC female student-athletes include MaKayla Beebe (Lee, Volleyball), Franziska Bremm (West Georgia, Golf), Nicole Federovitch (Alabama Huntsville, Lacrosse), Sarah Mumme (Delta State, Cross Country).last_img read more

Team Nigeria Departs for FIBA U-16 African Championship

first_imgThe U-16 National basketball team have departed the country en route Cape Verde for the 2019 FIBA U-16 African Championship.Team Nigeria, sponsored by Nestle Milo, will be participating in the competition which will be held in Praia (Capital City of Cape Verde) between July 2 – 14.10 players were invited from the schools that participated in the 2019 Nestle Milo Secondary School Basketball Championship while 2 others were carefully selected from basketball academies by head coach, Fubara Onyenabo.Topping the list is Dickson Kuti from Gen. Murtala Mohammed College, Yola, Isah Faruk and Usman Aminu both from Father O’Connel College, Minna, while the duo of Okpara Ebuka Emmanuel and Okpe Precious were selected from Brilliant College, Port Harcourt.Others in the team are Ighovodji Joy (Victoroti Private Secondary School, Abeokuta), Okomire James Ethuke (Epie National High School, Yenagoa), Esuola David (Western College, Yaba), Mumini Momoh (Kings International College, Ibadan), Koko Anthony Ifeanyi (DAFF Academy, Port Harcourt), Reuben Abuchi Chinyelu (Raptors Academy, Lagos) as well as Dennis Bormini Victor (Belary Schools, Yenagoa).Nigeria will be hoping to better its 5th placed finish when it last qualified for the competition in 2015.The country’s best-placed finish was in 2009 when the team won a bronze medal at the inaugural edition.  The championship serves as qualifiers for the 2020 FIBA U-17 World Cup in Sofia, Bulgaria.RelatedFIBA U-16 African Championship: Nigeria Shift Focus to Angola After Claiming First VictoryJuly 8, 2019In “BasketBall”Basketball: Kida Promises More Strides and “Busy” 2020 in New Year SpeechDecember 31, 2019In “BasketBall”FIBA U-16 African Championship: Nigeria Bounce Back from Opening Loss to Defeat Cape VerdeJuly 8, 2019In “BasketBall”last_img read more

Richt: Running back Gurley heading to NFL

first_imgApr 12, 2014; Athens, GA, USA; Georgia Bulldogs running back Todd Gurley (3) looks on from the sideline during the second half of the Georgia Spring Game at Sanford Stadium. The Red team won 27-24. Mandatory Credit: Dale Zanine-USA TODAY Sports<!–iframe–> CHARLOTTE, N.C. (AP) – Georgia coach Mark Richt says junior running back Todd Gurley has informed him that he plans to enter the NFL draft.Richt made the announcement after practice Friday for the Belk Bowl. The 13th-ranked Bulldogs face No. 20 Louisville on Tuesday.Gurley was a preseason Heisman Trophy candidate and got off to a strong start, but a four-game suspension and a knee injury derailed his season.Gurley attended practice with his teammates Friday but was not made unavailable for interviews.Richt says Gurley’s rehabilitation is going well and his spirits are high. He predicts Gurley “will be a very high draft pick.”Richt says that “I wouldn’t be shocked to see him doing a lot of things for the scouts before the draft.”RELATED | UGA’s Todd Gurley tears ACL, out for seasonlast_img read more

Luke Jones joins Nestor to recap NFL week 11

first_imgLuke Jones joins Nestor to recap another wild and unpredicatable Sunday in the NFL. The Bengals get a big win in New Orleans and now the Ravens try to keep pace as they head to the Superdome next weekend.  LISTEN HERE.last_img

Neil Armstrong commends Sports Council rebranding exercise

first_imgFIFA Marketing instructor Neil Armstrong Mortagbe has commended officials of the National Sports Council on their recently launched re-branding project.The Sports Council said it recognised the changing trends in sports administration and believes that demands that the Council re-strategises in order to remain relevant to the development of sports in the Country.The Sports Council intends to recruit over 600 professionals and experts over the next three years to effectively run the affairs of the council.Neil Armstrong has urged the Sports Council to walk the talk to make the Council more commercially viable.He said the Council must take cognisance of the fact that one critical thing that has adversely affected the commercial viability of the Council is its image and should work to create a positive image for the Sports Council.Mr Armstrong said everything must be done to ensure the rebranding does not become a cosmetic exercise. Source: Joy Sports/Ghanalast_img read more

Barcelona boss Ronald Koeman plots shock transfer swoop for Everton’s Michael Keane as replacement for Gerard Pique

first_img Rebekah Vardy scores an impressive penalty in six-inch heels EVERTON defender Michael Keane has emerged as a shock transfer target for Barcelona, according to reports.Ronald Koeman is the new man in charge of the LaLiga giants and he already has his transfer targets in mind.Michael Keane has emerged as a shock transfer target for BarcelonaCredit: Getty ImagesWould Keane fit into this possible Barca line up under Koeman?The Dutchman is believed to have identified fellow countryman Memphis Depay and Donny van de Beek as two of his top three targets this summer.And OK Diario claims the England centre-back is the other.Koeman took Keane to Goodison Park from Burnley in 2017 in a £30m deal. The centre-half has since become a regular for the Toffees and featured 37 times last season.Now Koeman, who was sacked by Everton in 2017, wants a reunion with the ex-Manchester United ace.Barca are looking to revamp their aging squad after missing out on the league title before they were humiliated 8-2 by Bayern Munich in the Champions League last week.They are looking for recruits all over the park, but Koeman is believed to have identified Keane as the perfect long-term replacement for Gerard Pique, 33, who has offered to leave for the good of the club.The ace has played over 100 times for Everton and his performances have also been recognised at international level, winning 10 caps for the Three Lions. Football player touch female referee s breast! Travel Diary // Vietnam 2017 10 INCREDIBLE Space Launch Failures! People Slammed By Massive Waves 4center_img Source: Soccer – Top 5 Best Budget Hotels In Dubai under AED 400 a night. REAL vs FAKE GOLD Real or Fake? Shark Attacks Helicopterlast_img read more

NFL’s Roger Goodell downplays idea of draft lottery to discourage tanking

first_img NFL news and notes: Jalen Ramsey traded to Rams; Saquon Barkley full participant at practice Related News “I don’t think the league has ever been more competitive than it is today,” he said. “You see that in teams going from last to first in dramatic fashion. I think that’s unique to the National Football League.”Six weeks into the season, five teams have one or fewer wins so far: the Dolphins (0-5), Bengals (0-6), Falcons (1-5), Jets (1-4) and Redskins (1-5). Miami especially has taken heat from media and fans for trading away valuable assests in exchange for long-term capital in the form of draft picks. The team has also adopted a frugal mindset in free agency, opting instead to build and develop talent through the draft.The 2020 NFL Draft will take place from April 23–25 in Las Vegas. Titans benching Marcus Mariota in favor of Ryan Tannehill With the trend of NFL teams tanking, specifically the Dolphins and Browns in recent years, many have suggested the league implement a draft lottery in order to discourage teams from intentionally throwing seasons away. Comissioner Roger Goodell was asked about this idea at the NFL fall meetings in Fort Lauderdale, Florida on Wednesday and downplayed it. Jalen Ramsey on trade from Jaguars to Rams: ‘I’m overjoyed right now’ “… For us, the competitiveness of our game is obviously critical,” Goodell said (via ESPN). “I don’t think that is solved with a (draft) lottery, I think that is solved by all the issues we try to deal with on a regular basis through the competition committee and the league in trying to make sure our league is competitive.”Goodell also said he feels the league is as competitive as ever.last_img read more

SXSW partners with Amazon to put its film festival online

first_imgFILE – This March 19, 2018 file photo shows Amazon’s Prime Video streaming app on an iPad in Baltimore. SXSW announced Thursday that it’s partnering with Amazon Prime Video to stream as much of its movie line-up as possible for a 10-day period in the U.S. It will be free to viewers with or without an Amazon Prime membership. Since the March festival was canceled, SXSW organizers have worked frantically to salvage what they could of the festival, and find ways to still bring attention to the many films that had been planning to premiere there. (AP Photo/Patrick Semansky, File)NEW YORK | The popcorn will be bring your own and the barbecue won’t be as good, but the Austin, Texas, SXSW Film Festival is moving online after having its 27th edition canceled by the coronavirus pandemic.SXSW announced Thursday that it’s partnering with Amazon Prime Video to stream as much of its movie line-up as possible for a 10-day period in the U.S. It will be free to viewers with or without an Amazon Prime membership.South by Southwest organizers have worked frantically to salvage what they could of the festival and bring attention to the many films that had been planning to premiere there. SXSW, which had been scheduled to run March 13-22, last week announced awards for its competition categories, anyway.Individual films will choose whether they want to opt in to the 10-day “SXSW 2020 Film Festival Collection” on Amazon. Don’t count on movies acquired by Netflix, for example, to participate. The festival declined to say how many films it expects to host.But for the filmmakers that do join in, the digital platform could offer a measure of solace for their missed SXSW premiere, and all the promotion benefit that a major festival entails. Filmmakers who participate will receive a screening fee.“Ever since SXSW was canceled by the City of Austin, we’ve been focused on how we could help the incredible films and filmmakers in the SXSW 2020 Film Festival lineup,” said Janet Pierson, director of film at SXSW. “We’re inspired by the adaptability and resilience of the film community as it searches for creative solutions in this unprecedented crisis.”SXSW and Prime Video are aiming to hold the 10-day online event in late April.Jennifer Salke, head of Amazon Studios, said she hopes the online SXSW “can help give back some of that experience, and showcase artists and films that audiences might otherwise not have had the chance to see.”last_img read more