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Evergreen Line Christens Sixteenth L-Type Containership

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first_img My location zoom EVER LIVELY, the sixteenth in a series of Evergreen Line’s L-type containerships built by Samsung Heavy Industries, was christened by Bronson Hsieh, the Evergreen Group’s Second Vice Group Chairman, at the shipbuilder’s shipyard in Korea yesterday. The official rope-cutting of the new 8,452-TEU vessel was performed by Ms. Ching-fen Cheng, Executive Vice President of Central Reinsurance Corporation.On the same day, Vice Group Chairman Marcel Chang presided at the naming ceremony of EVER LENIENT, the seventeenth vessel in the series. The rope-cutting on this occasion was conducted by Mrs. Connie Chang, wife of Mr. Chang.“As a primary benefit of our ongoing fleet renewal program, we have seen a significant enhancing of the fuel efficiency of the line’s operation. We believe that the delivery of EVER LIVELY, EVER LENIENT and other newbuildings to come will continue to improve the competitiveness of our operating fleet in the global shipping market,” said Mr. Hsieh at the ceremony.EVER LIVELY and EVER LENIENT are owned by Evergreen Marine (Singapore) Pte Ltd and Evergreen Marine (UK) Ltd respectively. The two ships are 334.8 meters in length, 45.8 meters wide, have 948 reefer plugs and a draft of 14.2 meters. Each can cruise at speeds up to 24.5 knots. Both will be delivered in February and join Evergreen Line’s Far East – Middle East route.Evergreen Line commenced its fleet renewal program in 2010 when shipbuilding costs reached cost-effective levels. The project entailed ordering of thirty L-type vessels and chartering of five 8,800 teu ships as well as ten 13,800 teu units. The carrier also recently signed agreements to charter ten 14,000 teu vessels. The newbuildings will act as replacements for existing units; the delivery of newbuildings will be balanced by redelivery of currently chartered ships when their charter periods expire. Evergreen Line, January 22, 2014 Print  Close 此页面无法正确加载 Google 地图。您是否拥有此网站?确定last_img read more

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Govt has no business to be in business divest mining firms NMDC

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first_imgNew Delhi: Anil Agarwal, the scrap metal dealer turned billionaire metals tycoon, has told Prime Minister Narendra Modi that the Centre should privatise five mining firms including NMDC to save some of the $400 billion that India spends annually on imports, saying the government has no business to be in the business. The Vedanta Resources chairman, who was one of the three industrialists invited for a pre-Budget meeting that Modi had with over 40 economists and sectoral experts Saturday, also said privatisation without job loss can help boost the economy by bringing in efficiency and raising domestic output. Also Read – Maruti cuts production for 8th straight month in SepThe other two corporate honchos invited to the interaction were Tata Group Chairman N Chandrasekaran, who gave recommendations on manufacturing and services sectors, and ITC Chairman Sanjiv Puri, who spoke on value addition in the economy. Agarwal gave suggestions on mining and natural resources. “I was honoured to be part of the interaction organised by Niti Aayog on Saturday and in my humble submission I told the Prime Minister that the government has no business to be in the business. It should divest its stake in at least five PSUs such as Hindustan Zinc, Hindustan Copper, Kolar Gold, Uranium Corporation, Shipping Corporation of India and NMDC,” he said in an interview. Also Read – Ensure strict implementation on ban of import of e-cigarettes: revenue to CustomsPrivatisation without job loss is good, he said. “When we bought majority stake in Hindustan Zinc Ltd, it had 5,000 employees. Today it has 25,000 employees,” he added. Vedanta had acquired 64.9 per cent government stake in Hindustan Zinc Ltd (HZL) during 2002-2003. The government continues to hold 29.5 per cent stake in HZL, which the company wants to buy. Agarwal said India’s import bill of $400 billion will soon be $1 trillion if it does not ramp up production of oil and gas, minerals and metals such as gold. “If we can double the oil production and raise gold output to 300 tonnes, the entire current account deficit (CAD) will be wiped out,” he said. His other suggestions included giving autonomy to public sector companies and banks by bringing down government holding to 50 per cent and making them board-run just like Petronet LNG Ltd, the nation’s biggest natural gas importer. Mining in 200 blocks should be approved immediately and big blocks of coal, bauxite, copper and iron ore should be auctioned, he said, adding there should be no production cap such as ones existing in Goa and Karnataka on iron ore. Increased mining can add $500 billion to the economy and create two crore jobs, he emphasised. Existing oil block contracts should be extended on the same terms and no retrospective tax should be imposed. Also, all forest and environment clearances should come in 60 days and corporate tax should be reduced to 20 per cent from current 30 per cent, Agarwal said. Natural resources and electronics hold massive potential to create jobs, he said, adding India should focus on sustainable exploitation of underground resources. Agarwal, the founder and majority-owner of Vedanta Resources, said the government should make public sector companies and banks independent by making them board-run just like British Airways and GE. “All PSUs and PSBs can perform three times better if autonomy is given to them,” he said. “PSUs have huge potential and immense talent pool. But the executives are afraid to take decisions because of fear of inquiries. They should be empowered to take decisions.” Agarwal, whose journey from scrap metal dealer to metals tycoon started in 1979 when he bought a company, said the government should trust entrepreneurs and support their spirit to boost the economy and create jobs. Characterised by rapid growth and bold deal-making, Agarwal is one of India’s most prominent self-made industrialists with his group having interests in sectors ranging from iron ore and copper to oil and gas, with operations across Australia and Zambia, as well as his home country. In the meeting on Saturday, experts shared their views, in five distinct groups, on the themes of macro-economy and employment, agriculture and water resources, exports, education, and health. The meeting came in the backdrop of India’s economic growth slowing to a five-year low on a dip in industrial and manufacturing output numbers, falling automobiles sales and reduced domestic oil consumption. Agrarian crisis and unemployment are some other challenges that the government is widely expected to confront through policy initiatives in the Budget to be presented on July 5.last_img read more

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