News / Maersk revises Q1 bullish forecast and follows Hapag-Lloyd with profit warning

first_img Maersk has been obliged to issue a profit warning ahead of the publication of its half-year results on 18 August after its earnings guidance proved to be “overly optimistic”, according to consultant Alphaliner.The Danish transport group issued the “adjustment to expectations” to the stock exchange, based on challenging trading in the second quarter.It said it saw profitability “negatively impacted”, with a 28% increase in bunker prices over the same period of 2017, and a 1.2% drop in average freight rates.In its Q1 results, published in May, Maersk confidently reiterated its full-year guidance of an ebitda of $4bn-$5bn with a net profit above the 2017 figure of $356m.However, CEO Soren Skou said spot rates suffered a “significant drop” in the second quarter and Maersk Line had continued to experience “very high” bunker prices, for which it had “not been able to get fully compensated in freight rates”.As a consequence, Mr Skou said, Maersk’s 2018 guidance was being downgraded to an ebitda of $3.5bn-$4.2bn and an, as yet unspecified, lower but still “positive” net profit.“While east-west spot freight rates are holding up well, freight rates on several north-south tradelanes have tumbled under pressure from overcapacity,” noted Alphaliner.“Maersk, which has a significant exposure on the north-south tradelanes, would be particularly impacted by the weaker rates on these routes.”Indeed, spot rates between Asia and South America, for instance, have fallen dramatically since the beginning of the year, and last week the Shanghai Containerized Freight Index (SCFI) recorded a further $355 slump in rates to Santos to $1,576 per teu, which compares with the market rate of over $3,000 in January.During Maersk’s Q1 earnings call, chief commercial officer Vincent Clerc conceded that the carrier had been unable to pass on to shippers the full extent of the fuel increase, and added that it had been “pretty dicey” to renegotiate contracts during a period of escalating bunker prices.Maersk reported an “unsatisfactory” underlying net loss of $239m in the first quarter and pledged that it had “a number of plans in place” to reduce its costs, including capacity reductions and feeder optimisation.But despite the profit warning, Maersk saw its shares bounce back by around 7% yesterday, as investors regarded the revised guidance as “not as bad as feared”, along with Mr Skou’s prediction of improved rates in Q3.Maersk’s stock price had tumbled around 22% on concerns of a “loss of focus” at the Copenhagen headquarters, along with fears of an escalating trade war between the US and China impacting liftings.Elsewhere, Hapag-Lloyd is scheduled to announce its H1 interim results on Friday. The Hamburg-headquartered carrier issued a profit warning on 29 June, based on the first five months’ trading and blaming the rise in fuel costs and charter rates together with “persistently low freight rates”.In the first quarter, the liner industry cumulatively lost around $1.2bn, based on the financials of the carriers that report their results. By Mike Wackett 08/08/2018last_img read more

Driving a strategic response to DFV | Policing domestic and family violence

first_imgDriving a strategic response to DFV | Policing domestic and family violence As the understanding of the complexities of domestic and family violence (DFV) increases, so too does the capability of the Queensland Police Service’s (QPS) response. The Domestic, Family Violence and Vulnerable Persons (DFV&VP) Command was established earlier this year. Evolving from a previous State Unit, the Command is made up of a group of specialist officers who are tasked with driving the QPS’ strategic response to DFV.As a project coordinator, Acting Senior Sergeant Rowena Hardiker liaises with partner agencies, support services and officers on a daily basis to inform how the QPS can best respond to and prevent DFV within our community.“It’s about recognising the opportunities to improve our response – whether that’s through policy, process, training and services for both victims and front line police,” Acting Senior Sergeant Hardiker said.Acting Senior Sergeant Rowena Hardiker works within the Domestic, Family Violence and Vulnerable Persons Command Having previously worked in various places across the state, it was while embedded as a specialist Domestic and Family Violence Liaison Officer in the regional community of Normanton where Acting Senior Sergeant Hardiker really saw the first hand impacts of domestic and family violence on individuals, families and the community“As a regional police officer, you are a part of the community. You live in the area, your kids go to school at the local school and you really feel the effects of these complex and deep seated issues,” she said.“It also makes you really invested in making a difference as you can see how police work can positively influence individuals, families and the broader community.”Holding specialist domestic and family violence roles in both Normanton and Mount Isa, Acting Senior Sergeant Hardiker began to establish connections with both victims and offenders, looking closely at the behaviours and characteristics associated with DFV and the power of a cross agency response.“In Mount Isa, I worked in – what at the time was – the newly establish High Risk Team. We had amazing interagency relationships which really improved the outcomes for victims and offenders to make a real difference,” she said.“Living and working in the community you get to see the individual outcomes, the impact on people’s lives and how important sharing information is so all services can be working towards the same goals and, more broadly, the prevention of DFV.”Now embedded within the DFV&VP Command, Acting Senior Sergeant Hardiker, brings specialist operational knowledge to help drive the QPS’ state-wide DFV response strategy.Watch on YouTube “Our role is to be the QPS voice at the inter-departmental and inter-unit conversations which are happening all the time and are vital to ensuring that we are constantly improving our response,” she said.“We also ensure that that a DFV lens is placed over everything we do as a Service so that no decisions are made in isolation and that all effects on victims and perpetrators are considered.“We are committed to continuous learning, proactively reviewing processes and procedures to ensure our response protects victims and holds perpetrators to account.”Read more in our Policing domestic and family violence series:The DFV specialists supporting first responders – inside the Triple Zero (000) response to DFVSupporting victims post-crisis – behind the scenes of our Domestic and Family Violence and Vulnerable Persons Units A wrap around response for victims – inside the Logan High Risk TeamIf you or someone you know is experiencing domestic and family violence, you should report it to police.Support and counselling is available from the following agencies:DVConnect Womensline: 1800 811 811DVConnect Mensline: 1800 600 6361800 RESPECT: 1800 737 732More information is also available from the Queensland Government Domestic and Family Violence portal. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, community, domestic and family violence, family violence, Government, isolation, Logan, Mount Isa, Normanton, outcomes, police, prevention, project, QLD, Queensland, Queensland Police, Rowena, violencelast_img read more

King Kong’s Christiani Pitts & More Celebrate 100 Performances on Broadway

first_imgKing Kong’s leading lady Christiani Pitts poses with tiny Kong. King Kong King Kong celebrated a milestone at the Broadway Theatre on February 6: 100 performances! Stars Eric William Morris, vlogger Christiani Pitts and Erik Lochtefeld as well as director/choreographer Drew McOnie gathered together with the show’s company to enjoy a gigantic cake whipped up by Cakes with Character. Take a look at the shots, and then go experience the larger-than-life production for yourself! View Comments Congrats to King Kong’s talented company on 100 performances! Catch them in the thrilling production at the Broadway Theatre. Related Shows Show Closed This production ended its run on Aug. 18, 2019last_img read more

Uganda postpones reopening of schools as cases soar

first_imgA teacher addresses a class at a school in a suburb of Kampala. © AFP A teacher addresses a class at a Bridge International Academies school in a suburb of Kampala. © AFPUganda’s President Yoweri Museveni has postponed the reopening of schools for final year students for one more month.The president said reopening schools was risky as the country did not have enough kits to test learners every two weeks through televised lessons.President Museveni said two television sets would be given to each village to allow learners to continue studying at home.“Two television sets per village equals to 140,000 TV sets in the country,” he said in a televised address.Public transport operators have been allowed to resume operations, but at half capacity. Motorcycle taxis are still not allowed to carry passengers but can ferry goods.Churches, mosques, bars, nightclubs and gyms will remain closed for another 21 days. Shopping malls have been allowed to reopen as long as they ensure their customers observe social distancing.The distribution of government-provided face masks will begin this month and the president told those without one to stay home.The dusk-to-dawn curfew is still on for another three weeks.President Museveni ordered also that criminal charges against 4,000 people arrested at the start of the lockdown to be reviewed and those whose cases are petty to be released .He said the government will continue with its food distribution programme among the poor.Uganda recorded its highest number of cases in a single day on Saturday with 84 new cases. On Monday 40 new cases were recorded bringing the total to 457.Related Uganda’s New App Reports Corruption Cases to Authorities Uganda confirms 14 new COVID-19 casescenter_img Environmental activists in Uganda blame schools for deforestationlast_img read more

AID Bank announces initiatives to stimulate growth

first_img Share Sharing is caring! Share Share LocalNews AID Bank announces initiatives to stimulate growth by: – September 4, 2013center_img Tweet 16 Views   no discussions Manager of the Credit Operations Department, Matilda JohnRoseThe Dominica Agricultural, Industrial and Development Bank (AID Bank) has commenced a series of initiatives to facilitate growth in the economy. On Tuesday the Bank announced that it has slashed interest rates on loans as low as six percent in some cases. “The AID Bank introduces a reduction of its interest rates for new customers in Agriculture, Education and Services for a period of six months. We are also providing a reduction in mortgages of eight percent of a period of 30 years but the benefit is a no down payment,” manager of the Credit Operations Department, Matilda JohnRose said.The Bank has also reduced its interest rates in the Agricultural sector from 10 percent to a range of between 6 to 8.5 percent.This is in an effort to create more production locally particularly with the construction of an Abattoir on island.“With the introduction of the Abattoir project, the opportunity arises to enhance our current farm holdings to provide technical assistance and to increase our poultry and pork production as a form of import substitutions,” Mrs JohnRose said.The farmers associated with the abattoir project have been offered a concessionary interest rate of six percent. “So anybody associated with the abattoir project, be it in poultry or pork production, we provide financing either to increase the farm holding to provide technical assistance or to gear up for the production of that project”.The Bank has also reduced interest rates on educational loans under education to the local, regional and extra regional studies from nine percent to eight percent. “The field of study has to be on the priority list, so anybody desirous of studying and the government has approved your field of study we have reduced the interest rate,” Mrs. Jon Rose noted. Clients with new and existing viable projects in the services sector will also benefit from a reduced interest rate from 10% to 7%. The AID Bank is also offering loans for renewable energy at 5% for locally incorporated companies and new and existing households. Dominica Vibes Newslast_img read more

Johnson Wants Attacking Intent

first_imgThe City head coach was enthused by the second-half showing in the 1-1 draw with the Canaries at Ashton Gate.Next up for Johnson’s side is a trip to the DW Stadium as City go toe-to-toe with Wigan, the team positioned one point and one place below the Robins in the bottom three.“The game gives us a chance of jumping out of the relegation zone, which is what we all want,” Johnson told Bristol City Player HD.“Wigan are a decent side and a club we respect, but we want to go there and win the game.“The attitude to attack was good in the second half on Tuesday night and we need that same attacking intent tomorrow.”Johnson refused to “over-egg” the importance of the playing surface at the DW Stadium, which has come under-fire in some quarters this season for its threadbare nature.Instead Johnson is focusing all his attentions on the match itself, refusing to look further ahead.“Our focus is always on the next game,” he added. “The key is to maintain our Championship status. It could be three, four, five or even six wins we require. We just don’t know.“I haven’t set a points target for the players. We know this is a big game and that’s what we’re focused on.”Tammy Abraham could make his long-awaited comeback from a thigh injury, while Fabian Giefer is also fit again after an eye problem.Gary O’Neil’s thigh injury has settled down after undergoing an injection in the week, but he remains “touch and go” to feature.last_img read more

Musa Back to Goal Scoring Form Ahead of 2019 Total AFCON

first_imgAfter a rather long spell goalless outings for Al Nasr forward, Ahmed Musa, the Super Eagles stand-in captain finally ended his inability to find the back of the net with a brace in his team’s 6-0 win over Al-Jandal.The Saudi based player celebrated the win a tweet on his official handle stating: “Good to start the year with a goal! We keep working hard still the end of the season. Well done Mates…”According to footballlive.ng. Musa said, “I think the two goals is a sign of good things in this new year for me. I am so pleased to know that I got off the new year with a bang.” “I just have to score goals I think is one of the reasons why I was bought to play here and I am glad Allah has been faithful to me in terms of my career. “Things are really working as expected ever since I came here.”Musa will look to improve his form ahead of the Super Eagles’ dead rubber 2019 Total African Cup of Nations final qualifying match and the high profile international friendly against The Pharaohs of Egypt.Relatedlast_img read more

More hardship on commuters

first_imgDear Editor,It is no surprise the government arrested with the mini buses so called union to increase twenty dollars on each passenger thus creating more hardship on the working class. Whilst in reality the average man would end up paying at least one hundred and twenty dollars more a day.Some people have to use three or four means of transportation in order to reach either to work or home, especially those living in New schemes and those who living in the West and East Bank of Demerara and East Bank Essequibo which causes their travelling expense to be more. With the increase, no doubt the short drop cars would also increase their fares which are already above the average presently.There are some buses that work long distance and their fares are rounded off to the closest hundred, do you believe the will let it remains the same? Given the culture of the operators, I know they will not and they will see to increase it more that the agreed twenty dollars and they would cite the distance to suck the blood out of people.Editor, to polish the increase off and defend their actions, the mini buses make a lot of promises about regulations for the buses and they believe that the travelling public are morons. They take it ob their own to increase fares before and also make similar promises but the situation remains the same in terms of overloading, appearances, attitudes towards commuters etc.There is also the headache of travelling in buses that the seat seems to be made of iron which causes tremendous discomfort when you seated and the buses goes over bumps, holes etc.Some buses causes’ material and physical damages to you because of some piece of dangerous iron or welding not look after or some bolts are extra-long and they don’t see the need to modify/rectify it. Like the mini buses, the union collect huge amount of money and not paying taxes on it.I’ve said before, there’s too many buses in the road and there will always be a fight down amongst one another to make more trips. Some only gets to make two trips and with the increase, we the commuters would actually pay for them not doing a proper day work. Instead of the union see to put a limit of buses to work a zone, they seek to pressure the public.It’s real hardship for us. They only sit back and use situations to seek increase in fares while majority or working people’s salary are the same for years whilst they increase at least three times already.Sincerely,Sahadeo Bateslast_img read more

Marketing Day: Twitter gets audio, Facebook Instant Experience ads & more

first_img Posted on 8th September 2018Digital Marketing FacebookshareTwittertweetGoogle+share Marketing Day: Twitter gets audio, Facebook Instant Experience ads & moreYou are here: Related postsLytics now integrates with Google Marketing Platform to enable customer data-informed campaigns14th December 2019The California Consumer Privacy Act goes live in a few short weeks — Are you ready?14th December 2019ML 2019121313th December 2019Global email benchmark report finds email isn’t dead – it’s essential13th December 20192019 benchmark report: brand vs. non-brand traffic in Google Shopping12th December 2019Keep your LinkedIn advertising strategy focused in 202012th December 2019 HomeDigital MarketingMarketing Day: Twitter gets audio, Facebook Instant Experience ads & more Here’s our recap of what happened in online marketing today, as reported on Marketing Land and other places across the web.From Marketing Land:Ogilvy’s Michael Tidmarsh: Creative agency models are changing to accommodate growing use of techSep 7, 2018 by Robin KurzerAgencies are shifting from traditional AOR relationships with a substantial retainer to ‘much more project work, much more bespoke work.’Twitter adds audio-only broadcasting for iOS app, PeriscopeSep 7, 2018 by Robin KurzerResponding to user demand, Twitter gets in on the rising popularity of audio.Facebook renames Canvas ads ‘Instant Experience’ ads, gives them pixel capabilitiesSep 7, 2018 by Amy GesenhuesThe full-screen mobile ad can now be used in retargeting campaigns.Find anomalies in your campaign spending with this Google Ads scriptSep 7, 2018 by Daniel GilbertContributor Daniel Gilbert shares a customizable script that lets you check for overspending or underspending in your Google Ads account by finding changes in spending.6 ways the August core algorithm update impacted local businessSep 7, 2018 by Joy HawkinsWas your site affected by the recent core algorithm update? Here’s a look at the changes made to local and small business sites after the update.Recent Headlines From MarTech Today, Our Sister Site Dedicated To Marketing Technology:US Chamber of Commerce calls on feds to preempt CA privacy lawSep 7, 2018 by Greg SterlingPressure is building from business interests for new federal privacy legislation.Online Marketing News From Around The Web:Facebook quietly parts ways with employee tied to its data scandal, Fast Company9 Smart Ways You Can Reduce Your Content Marketing Budget, Jeff BullasHow Brands Integrate Content on their eCommerce Category Pages, Seer InteractiveHow to Use Snapchat: A Detailed Look Into HubSpots Snapchat Strategy, HubspotHunting for brand dollars, podcasters turn attention to measurement and attribution, DigidayJust How Much is Your Website REALLY Worth? A Simple Valuation Guide, AhrefsLinkedIn Advertising vs Facebook – Through the Eyes of a B2C Marketer, PortentThe FCC chief’s call for cracking down on tech companies is not only laughable, it’s the ‘height of hypocrisy’, Business InsiderThe post Marketing Day: Twitter gets audio, Facebook Instant Experience ads & more appeared first on Marketing Land.From our sponsors: Marketing Day: Twitter gets audio, Facebook Instant Experience ads & morelast_img read more

Rags to riches! Bournemouth set to join football giants in EPL

first_imgBournemouth, a small club when compared with EPL giants, earned the league promotion on MondayThe agony and the ecstasy of English football continued to be played out Tuesday in the coastal town of Bournemouth.For the first time in its history, AFC Bournemouth, founded in 1899, has been guaranteed promotion to English football’s top-flight Premier League, sparking jubilant celebrations across the town, reports Xinhua.The promotion was assured Monday night with a 3-0 win against Bolton in the second-flight Championship League.As the 2014-15 season draws to a close, Bournemouth’s drama was played out before a capacity 11,700 crowd at its Goldsands Stadium.As Bournemouth celebrates its victory teams propping up the lucrative Premiership are fighting for survival, with three doomed to demotion to the Championship.For Bournemouth though, the rags to riches story starts today. Just a few years ago the club was broke and was on the verge of extinction.Club chairman Jeff Mostyn became the club’s saviour in 2008 when he wrote a cheque for $150,000 to rescue AFC Bournemouth.He told a local radio station on Tuesday in the south-coast town how when he arrived, the club was so poor it couldn’t even afford to buy a single postage stamp.Now promotion guarantees a bounty of over $150 million, and the prospect to play at the same level of the some of the world’s greatest teams, like Manchester United, Chelsea, Arsenal, Liverpool and others, heading to stadiums with up to five times the crowd capacity as its own ground.Bournemouth’s stadium will be the smallest in the Premiership.advertisement”Bournemouth have “achieved the impossible,” commented Mostyn in his radio interview, adding: “six years ago we were on the edge of abyss.”Technically confirmation will only come at the weekend as Bournemouth have a final match to play, but would have to lose by an unheard of margin of 20 goals.The win over Bolton though was enough to kick-start the celebrations by fans of the club, known affectionately as the Cherries.Mostyn said the achievement was a moment for everyone at the club to savour.”We’ve climbed right through the leagues and into the Premier League. It’s just incredible. I don’t think anybody, not even the craziest optimist, would ever have thought this was possible,” he said.”The reality is we are going to be rubbing shoulders with football’s glitterati next season and we’ll do ourselves proud. For me this is achieving the impossible. For all football fans, this is the perfect story and hopefully it gives hope for every club that you can come back from oblivion and get to the Premier League.”I am so proud of everybody and my total respect to the owner, the chief executive and all the staff. When I first arrived, we could not afford a first-class stamp.”Fans, desperate to see their beloved club survive, held bucket collections to raise cash as they played their part in the rescue mission.Meanwhile, a dog-fight will continue over the next few weeks in the Premiership with the three bottom teams exiting to the lower Championship.Gambling companies have already given clubs like QPR and Burnley FC low odds at survival in the top flight.It proves, as it does every year, that football is a game of smiles and tears.last_img read more