News / Hapag-Lloyd and Hamburg Sud merger could bring Christmas cheer to the city

first_imgBy Gavin van Marle 19/12/2012 With all this talk of how a Hapag-Lloyd-Hamburg Sud merger would result in the creation of the world’s fourth largest container shipping line, far less has been said about the effect of such a deal on Hamburg itself.It is hard to think of any other city in the world – Singapore and Panama perhaps, Rotterdam and Bremen at a push – in which shipping plays such a central role. One estimate suggests that some 300,000 jobs are directly connected to the city’s port and shipping industries, and if in a city of 1.8 million, one assumes that perhaps half of the population is working, then one in every three people is working either in shipping, or in a job that is generated by it – be it forwarding, banking, IT, engineering or the myriad of other roles that support the business.While observers have suggested that Hamburg Sud’s motivation for such a deal is to gain greater economies of scale to allow it to compete more effectively with bigger lines in its core north-south markets, it would appear that the real impetus comes from Hapag-Lloyd, which clearly has unresolved issues over its ownership structure.A measure of how important Hapag-Lloyd is to its home city could be seen when Hamburg and the Albert Ballinn consortium (the chief protagonist of which is K+N chairman Klaus-Michael Kuehne), stepped in to effectively block the sale of the carrier to Singaporean shipping company NOL – owner of APL – in 2008. There is little doubt in the minds of most in Hamburg, and certainly none within Hapag-Lloyd itself, that the NOL takeover would have resulted in Hapag-Lloyd’s German presence being considerably thinned. “They would have ripped us apart,” one executive at the carrier told The Loadstar earlier this year. It would also have been a massive blow to Hamburg itself – especially given that since 2008 its ship finance business, based on the KG model of small groups of investors owning individual container ships, has been hammered by the recession, with many forced into bankruptcy.As it currently stands, travel group TUI has a 22.04% stake in Hapag-Lloyd, while the Albert Ballinn consortium of investors holds the remaining 77.96%, of which the city of Hamburg has a 37% stake and Mr Kuehne owns 28%.TUI has for a number of years looked to exit the company, and its share price rose 5% on news of the merger talks.It was Mr Kuehne who reignited the tale of a merger, penning a newspaper column in the summer in which he said that together, the two Hamburg-based lines would be able to compete with the big three: Maersk, Mediterranean Shipping Co and CMA CGM.In addition, the common perception is that the two would make a natural fit, with Hapag stronger in east-west trades, complementing Hamburg Sud’s north-south business. That may have been true prior to the recession, but since 2008, the importance of the Asia-Europe trade to Hapag-Lloyd has gradually diminished, and in 2011 its carryings on the north-south Latin American market were greater than any of its other trade lanes.But a greater obstacle to a merger is the respective corporate cultures – Hapag-Lloyd was to all intents and purposes bailed out by the state, while Hamburg Sud is owned by one of the richest men in Germany, Dr August Oetker. However, in 2011, Hamburg Sud garnered revenues of €4.7bn, while Hapag, which has the bigger fleet, enjoyed revenues of €6.1bn. It would be difficult to see how, despite Hamburg Sud’s financial strength and fierce independence, it would ever be anything other than a junior partner in such a merger.It is also difficult to see how Hamburg Sud’s senior management would welcome such a development. If these talks lead to Hamburg Sud taking a financial stake in Hapag-Lloyd, there is a potential conflict with the Oetker Group’s corporate strategy, which has long been about maintaining a balance between its different business divisions – it has significant interests in food and beverages, and banking among other things – so that the company never becomes overly reliant on one segment, as it could be as part of a merged Hamburg carrier.All that said, the prospects for Hamburg the city – arguably the pre-eminent hub of European shipping – would be strengthened by such a merger. And Hamburg has shown over the course of its long history, dating back to its days as one of the Hanseatic League, that it has an enviable ability to structure these types of deals.last_img read more

Director of Library Services

first_imgThe Hong Kong University of Science andTechnologyDirector of Library ServicesThe Hong Kong University of Science and Technology (HKUST) invitesapplications and nominations for the position of Director ofLibrary Services.The UniversityFounded in 1991, HKUST is a dynamic, international researchuniversity in relentless pursuit of excellence, leading the advanceof and education in science, technology, business, humanities andsocial science.  Within its short history, the University hasbecome a leading player in international higher education.HKUST comprises around 650 internationally respected and culturallydiverse faculty members, with about 10,000 undergraduate and 5,600postgraduate students.  It promotes interdisciplinary studiesand a strong entrepreneurial spirit in a diverse learningenvironment that enhances student development of creativity,innovative thinking and a global outlook.  English is thelanguage used in teaching, research and administration.To complement its Clear Water Bay campus (CWB) in Hong Kong, HKUSTis currently developing a new campus in Guangzhou, Chinesemainland.  Scheduled to open in 2022, HKUST (GZ) will offer aunique educational environment with four transdisciplinary hubs and16 thrust areas.  Central facilities, such as the Libraries,will be coordinated across the two campuses to enablesynergy.The HKUST LibraryThe HKUST Library is an integral component of the University,supporting teaching, learning and research in science, engineering,business and management, humanities and social sciences, andinterdisciplinary programs.  At present, the Library’s bookand periodical collections total approximately 730,000 volumes,plus 25,000 media materials.  The Library’s electroniccollections include more than 300 electronic databases, 130,000e-journals, and 750,000 e-books.  With a team of 90professional and supporting staff, the Library offers its users alearning environment rich in electronic information and digitalservices.  The Library’s website (http://library.ust.hk) has developedinto a central information hub for access to Library information,services, and resources; instructional materials; and publicationsby our research community.Not only does the Library help prepare HKUST students to besuccessful global citizens and life-long learners and enhance HKUSTresearchers in their intellectual discovery, scholarship andexchange of knowledge, it also serves the larger purpose of meetingthe information and whole-person development needs of the HKUSTcommunity as a whole.The RoleThe Director of Library Services will be accountable for thestrategic development of the Library of  HKUST (CWB). S/he will provide leadership for its functions as well as overallmanagement of all its resources, and services to achieve themissions in supporting teaching, research, student experiencewithin the University; and its engagement with the University andexternal communities.  In addition, s/he will coordinate andcollaborate with the Director of Library Services of HKUST(GZ).  Major responsibilities include:- Manage the Library through effective strategic and actionplanning, in line with the University’s priorities;- Provide an inspiring physical place and technology-enrichedfacility for study, research, enrichment, and collaboration;- Enrich a collection of resources in all formats and archiveimportant University documents for easy access;- Oversee the development of a technological environment thatfacilitates state-of-the-art information access, retrieval, anddiscovery;- Guide all information, technical, digital, access, research, anduser services of the Library to ensure responsive and effectivesupport;- Offer user education to build students’ information literacycapacity and competency for lifelong learning;- Plan arts and cultural and general educational co-curricularactivities to enrich students’ holistic development;- Lead the preparation of the annual budget and guide theexpenditures to be spent appropriately and within financialconstraints;- Develop staff recruitment and development plans to ensureproductivity, team effectiveness and to deliver quality services;and- Represent the Library externally by developing links to thelibrary community and professional bodies and forming strategicpartnerships.Qualifications- A Master’s Degree in Library or Information Science or relatedfield; advanced degrees in relevant fields will be anadvantage;- A proven record of successful management and effective leadershipin an academic library setting;- Demonstrated ability to effectively navigate within a large andcomplex organisation;- Effective people management and team-building skills particularlyin a multi-cultural environment;- Knowledge of emerging trends in scholarly communication andinformation and digital media technologies;- Excellent oral and written communication; and- Evidence of continuing scholarly participation and professionalgrowth.Terms & Applications/NominationsThe HKUST has engaged Odgers Berndtson to assist with therecruitment of the Director of Library Services.The post is a full-time appointment on a 3-year contract, renewablesubject to mutual agreement. Competitive remuneration and generousfringe benefits, including housing where appropriate, will beprovided.  A gratuity will be payable upon completion ofcontract.Applications/nominations, together with a full curriculum vitae andthe names and addresses of three referees, should be sent [email protected] (Attention: Mr Sherman Chin). Review of candidates will begin shortly and continue until theposition is filled.HKUST is committed to diversity in recruitment and equalopportunity employment.Additional information about the University is available on thewebsite http://www.ust.hk.Information provided by applicants will be used for recruitment andother employment-related purposes.last_img read more

1 Dead, 4 Wounded in Connecticut Club Shooting

first_imgRelated: Stop the Bleed Bucket Brigade HARTFORD, Conn. (AP) – Gunfire erupted at a Connecticut nightclub early Sunday morning, killing a man and wounding four other people, police said. “Everybody started pushing their way out to get away from the gunfire,” he said. “It was kind of pandemonium.” “Hartford Police Officers who were at the club responded immediately, running in the direction of gunfire, and their heroic efforts may have prevented further loss of life,” Bronin said in a statement. Police officers had been stationed outside the club because of previous problems there and reported the shooting at about 1:30 a.m. Officers rushed in, but were confronted with a large number of people running toward the exits, Cicero said. In this photo provide by Channel 3 Eyewitness News (WFSB-TV), a view of the scene of a shooting at the Majestic Lounge, in Hartford, Connecticut, Sunday, Feb. 16, 2020. Multiple people were shot at a Connecticut nightclub, leaving one person dead, police said early Sunday. Preliminary information indicated four others were wounded, Hartford police Lt. Paul Cicero told The Associated Press. (Ayah Galal, Channel 3 Eyewitness News (WFSB-TV) via AP) City officials will be assessing what steps they can take to prevent violence at the club in the future, Bronin said. Officers, however, were able to provide immediate medical care to the victims, he said.center_img A 28-year-old man died in the shooting at the Majestic Lounge in Hartford’s South End, police Lt. Paul Cicero said. Two other males and two females were wounded, with two of them in surgery Sunday morning and two in stable condition, he said. None of their names was released. There were no suspects in custody. Officials said there was little information to release because the investigation was in the very early stages. A message seeking comment was left Sunday at a phone number for the club. Mayor Luke Bronin said Sunday that illegal handguns were involved in the shooting. He said there have been problems at the nightclub in the past, but nothing in recent weeks. Streets around the club were closed for hours during the emergency response and investigation. Officials left the scene around 7 a.m. “We’re not going to have anything for quite a bit of time,’ Cicero said, responding to a question about when more information will be released. “This is a very complex investigation.”last_img read more

Wagenborg in pile gripper shipment

first_imgThe pile gripper, which weighed 200 tonnes and measured 14 m wide by 32 m long, was first driven out of its construction hall and lifted onto prepositioned construction beams using a 400-tonne capacity and 250-tonne capacity mobile crane.The entire unit was then loaded onto Wagenborg’s vessel Westborg using both a 700-tonne capacity and 500-tonne capacity crane. Once the pile gripper had been securely fastened, the vessel made its way from the Netherlands to the Danish port of Esbjerg.On arrival in Esbjerg, the equipment was installed on Pacific Orca. The pile gripper tool is used to keep monopiles for wind turbines in the correct position, during installation in the sea, said Wagenborg.  www.wagenborg.comlast_img read more