The market in minutes – City, City fringe + Docklands

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Punt on airfield land finally pays off at New Bridge Dalton

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Messer to construct €35m ASU in Spain

first_imgLocated in the south of the Tarragona Chemical Complex, the new production plant will have a capacity of 2,400 tonnes of oxygen, nitrogen and argon per day.Expected to be commissioned in December 2021, the plant will also be certified for the production of medical gases.“With this investment, we are ensuring a reliable and flexible supply of our customers and at the same time optimising our processes by using the most advanced technology,” emphasized Stefan Messer, owner and CEO of Messer Group GmbH. Source: MesserThe project was presented in a press conference in Spain today. The minister of Economy and Science of the Catalan Government, Ramon Tremosa, and the Mayor of Vila-seca, Pere Segura, were part of the participants.The new production plant will be connected to the Messer pipeline network to meet the growing oxygen and nitrogen demand of the chemical industry in Tarragona.In addition, manufacturing companies in the region will be supplied with gases – liquefied in tankers and gaseous in cylinders.During the planning and construction phase, around 200 people will be working on this project; after completion, Messer will employ more than 20 people in the new plant.last_img read more

Fancy a dip in the hot-tub?

first_imgSubscribe now for unlimited access Get your free guest access  SIGN UP TODAY Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to industry news as it happensBreaking, daily and weekly e-newsletters Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community To continue enjoying, sign up for free guest accessExisting subscriber? LOGINlast_img read more

Crew rescued from listing car transporter

first_imgThe ship, which is owned and operated by Hoegh Autoliners, was bound for Germany when it ran on to the Bramble Bank, in the entrance to Southampton Water, on Saturday evening.”Hoegh Autoliners are currently assessing damage and stability issues on board its vessel, which suffered a heavy list earlier yesterday evening after leaving Southampton Port,” the company said in a statement.”The Marine Accident Incident Branch (MAIB) has been informed.”Two Svitzer tugs & two further Solent-based tugs are presently in attendance by the vessel.”The crew have confirmed that the vessel is not taking in any water and it is presently in a stable position with the current list.”A salvage master has been appointed and Höegh Autoliners is fully co-operating with all the authorities at this time to ensure the vessel remains safe. No pollution has been reported.”  www.hoeghautoliners.comlast_img read more

DHL details supply chain risks

first_imgThe report is based on risk and incident data, as well as on the experience and insights of in-house analysts.Key supply chain disruptors in 2018 included uncertainties concerning trade flows, cyber security incidents, and climate change in combination with extreme weather conditions. Trade uncertainty increased due to disputes between the USA and other countries as well as the issue of the UK’s withdrawal from the EU.In terms of cyber security, there was a rising number of incidents involving supply chain and transport infrastructure in 2018; climate change presented a myriad of sever weather-related disruptions including wildfires, droughts and low water levels.According to the report, Resilience360 recorded the most incidents in Germany and the UK. Cargo theft, industrial fires and explosions, and train accidents were highlighted at high-impact events. In Europe, civil unrest accounted 12.9 percent of the incidents, as the ‘yellow vests’ protests in France and Belgium disrupted highways, ports, border crossings and access roads.In 2019, the report said that, in addition to ongoing global risks like international trade tensions, companies may also face additional costs and uncertainty due to raw material shortages, safety scares or tougher environmental regulations.“Modern supply chains are vulnerable. Transportation delays, theft, natural disasters, inclement weather, cyber attacks and unexpected quality issues can disrupt cargo flows, creating short-term costs and delivery challenges,” explained Shehrina Kamal, director risk intelligence at read more

E-scooters could be legalised in ‘transport revolution’

first_imgElectric scooters could be legalised on public roads as part of a ‘transport revolution’ under a government proposal, and will be tested in four areas in the UK during a £90m trial.The Department for Transport has proposed to legalise e-scooters on public roads in a consultation issued today to make journeys ‘easier, smarter and greener’. Under current laws, e-scooters can be used only on private land and riders caught on public roads or footpaths can face a £300 fixed-penalty notice and six points on their driving licence.Transport Secretary Grant Shapps, said: ‘We are on the cusp of a transport revolution. Emerging technologies are ripping up the rulebook and changing the way people and goods move forever. Our ground-breaking future of transport programme marks the biggest review of transport laws in a generation and will pave the way for exciting new transport technology to be tested, cementing the UK’s position as a world-leading innovator.‘This review will ensure we understand the potential impacts of a wide range of new transport modes such as e-scooters, helping to properly inform any decisions on legalisation. Funding these new zones across the country will also help us safely test innovative ways to get around, creating a greener future transport system for us all.’E-scooters, as well as drones delivering medical supplies will be piloted in four areas of the UK: Portsmouth and Southampton; the West of England Combined Authority; Derby and Nottingham; and the West Midlands. The trial will cost £90m and will allow experts to work with a range of local bodies such as councils, hospitals, airports and universities.The government will also consult on requirements for e-scooters and riders to ensure they are safe for use on roads. This includes a minimum age and vehicle standards as well as insurance requirements. The review will also consider if local authorities should have extra powers to manage the impacts of e-scooters on public space.last_img read more

GlobalMarkets newspaper names Shaw – Caribbean Finance Minister of the…

first_imgPhoto Courtesy of the Jamaican Gleaner Publication says Shaw has an “impressive roster of economic reforms”Jamaica’s Minister of Finance and the Public Service Audley Shaw has been named Finance Minister of the year for the Caribbean by GlobalMarkets newspaper.The publication focuses on the International Monetary Fund (IMF), World Bank, European Bank for Reconstruction and Development, Asian Development Bank, and the Inter-American Development Bank annual meetingsManaging Editor of the publication, Toby Fildes, noted that Shaw has an impressive roster of economic reforms that was started by the previous Administration, which demonstrates Jamaica’s political stability.“You have kept a tight hand on government spending – fiscal surplus is very high – which will help whittle down government debt,” Fildes said in a letter to the Minister, dated August 24.The editor added that Jamaica has been cited as a stand-out performer on its fiscal targets and the new Government is now targeting faster growth.“These measures are paying off. The Minister recently approached the market with a liability management exercise. In addition, the country’s ratings have been on the up since 2014, with Moody’s lifting the country to B3 in November,” he noted.Shaw, in accepting the award on behalf of Prime Minister Andrew Holness, the Government of Jamaica and the people, said he felt honored and looks forward to collecting it in Washington DC in the United States in October.Last year, GlobalMarkets recognized Bank of Jamaica (BOJ) Governor, Brian Wynter, as the 2016 Governor of the Year.At that time, the newspaper’s editorial committee cited Wynter’s admirable stewardship during difficult times in the international financial markets, acknowledging him as a “well-respected figure, who has been stable and solid amid change of Government”.last_img read more

Ethiopian PM begins two-day visit of the Republic of Korea

first_imgEthiopian PM Hailemariam Desalegn resigns Ethiopian Prime Minister Abiy Abiy’s visit to the Republic of Korea is his second to Asia in four months, having visited China in April. [Image courtesy: Ethiopia PM Office]Ethiopian Prime Minister Abiy Ahmed arrived in the Republic of Korea for a scheduled two-day official visit, his first to the East Asian country.PM Abiy was received in Seoul by government officials as he began his visit, in which he is set to meet President Moon Jae-in for bilateral talks.The Ethiopian leader started his visit by meeting Ethiopian’s living in the Republic of Korea, where he called upon them to contribute towards the growth of their home country. Tunisian PM begins Saudi Arabia visit Since his inauguration in April 2018, PM Abiy has introduced sweeping reforms in Ethiopia and also embarked on a major diplomacy drive to boost the country’s relations with her neighbours.The Prime Minister was in May named as laureate of the 2019 edition of the Félix Houphouët-Boigny Peace Prize for his role in pacifying his country and the Horn of African region.PM Abiy’s visit to the Republic of Korea is his second to Asia in four months, having visited China in April.The 43-year-old attended the second Belt and Road Initiative (BRI) forum which was held in Beijing from 25-27 April. He also held talks on the sidelines with Chinese Premier Li Keqiang.Related Ethiopian PM calls for increased African tradelast_img read more

Kenya’s Raphael Tuju commends China’s handling of coronavirus outbreak

first_imgThe coronavirus outbreak continues to draw reactions from leaders across the world.China has stepped up efforts to tackle the spread of the disease and new infections, and has even commissioned the construction of two specialized coronavirus hospitals in Wuhan, the city at the epicenter of the outbreak. The hospitals are expected to start taking patients on February 3 and 6 respectively,Over 9,700 cases had been confirmed in China up to Thursday midnight, of whom 213 have died and 171 have recovered. Outside of China, 105 cases have been confirmed.As the fight against the virus goes on, CGTN Africa got a chance to talk to Secretary General of Kenya’s Jubilee Party, as well as the country’s cabinet secretary without portfolio, Raphael Tuju.Tuju commended China’s handling of the virus. He also sent his condolences to loved ones of the 2 hundred and 13 victims killed by the corona-virus. U.S. mulls China travel restrictions amid coronavirus outbreak Kenyan Treasury Cabinet Secretary Henry Rotich faces arrest Related Batswana in China urged to remain calm in wake of coronavirus outbreaklast_img read more