Top Five Consolidated Container Fleets Worth USD 334 Bn

first_imgzoom The top five consolidated container fleets are currently worth USD 33.4 billion and account for 33% of the entire container fleet, according to the latest data provided by VesselsValue.The report on the top five fleets, including the Moller Maersk AS/Hamburg Süd, China COSCO Holdings Co, CMA CGM/ APL, Hapag-Lloyd/ UASC/ CSAV, MOL/ NYK Line/ K Line, was compiled in light of the recent container carrier consolidation as Danish shipping giant Maersk last week confirmed reports that it will purchase Germany’s container shipping line Hamburg Süd.Subject to final agreement and regulatory approvals, the acquisition would complement Maersk’s current business as Hamburg Süd holds a strong position in north-south trades.Maersk is thought to have paid roughly USD 4 billion for Hamburg Süd whose fleet is worth USD 1.5 billion. The deal is expected to complete end 2017. Entry of Hamburg Süd into the 2M alliance will put the alliance into the lead with 15% of global capacity.Image Courtesy: VesselsValueChina COSCO Holdings CoThe Chinese state cabinet approved the merger of COSCO and China Shipping back in December of 2015. The merger is a part of plans to create stronger, larger national entities that have greater competitive advantage and prevents the two lines from competing against one another. China COSCO Holdings have the largest fleet on order with 29 ULCVs and 4 post-panamax containerships. The Chinese owned container fleet is the most valuable at USD 17.6 billion and accounts for around 17% of the market.CMA CGM/ APLThe largest acquisition in the French giant’s history, CMA CGM acquired Singaporean company, NOL, best known for its APL brand. Recently it was also confirmed that APL would join CMA CGM in the Ocean Alliance which will subsequently represent 14% of global container capacity, second only to the 2M alliance. The acquisition will make the combined fleet the 3rd most valuable in the industry.Hapag-Lloyd/ UASC/ CSAVHapag-Lloyd completed their integration of Chilean line CSAV earlier this year. In July, they continued their growth by signing a merger agreement with UASC. The new merger will bring Hapag-Lloyd’s average age down to 7.8 years from 8.7 years. Hapag-Lloyd and UASC will be the 4th most valuable fleet up from 10th and 8th, respectively.MOL/ NYK Line/ K LineOne of the more recent mergers to be announced is that of MOL, NYK and K Line. Only the container businesses of these companies will merge and the consolidation is expected to be complete by 2018. The most valuable Japanese container fleet is Shoei Kisen valued at USD 3.0 billion and ranked 8th. In comparison, none of the other Japanese entities feature in the top 10 most valuable container fleets. The merger shows that consolidation can be used very effectively in the container industry to create a large footprint with only mid-size lines. The new arrangement makes the merged entity the 5th most valuable at USD 5.1 billion.last_img read more

Heres the magnificent last view NASAs Kepler Space Telescope ever saw

first_img2:57 End of an era for space exploration Share your voice Now playing: Watch this: A composite image of Kepler’s final view. The missing tiles are due to parts of the camera that failed. NASA The final thing NASA’s Kepler Space Telescope captured was everything, or at least it looks that way.NASA ran out of fuel last year and was put into a permanent sleep mode on Oct. 30. The final full-field image it took can be seen in the above mosaic captured Sept. 25. You can see the telescope’s full view of the sky and an abundance of stars within. Some blocks of the composite image are blacked out due to failures by parts of the camera. Fortunately, the device had a modular design that allowed for other parts of the image to be retained.  Kepler helped revolutionize how we think about the universe by enabling the discovery of thousands of exoplanets beyond our solar system, making it clear our galaxy and others are packed with other worlds. Enlarge ImageKepler’s view of K2-138 with its six planets sized between Earth and Neptune. It was the first multi-planet system entirely discovered by citizen scientists. NASA/Ames Research Center But it struggled to make some of those discoveries. A few years into its mission, the parts that help it stay pointed at a target began to fail. Engineers had to come up with a work-around that basically used the subtle pressure coming off the sun itself to keep the telescope steady. Kepler went on making more finds for half a decade before finally running out of gas. To the right is one of the later star systems Kepler helped discover called K2-138. It is believed to host six planets roughly between the sizes of Earth and Neptune. The GIF shows images collected of the system during Kepler’s last day of photography.The pixelated view might not be much to look at, but Kepler played a pivotal role in pointing the way towards promising systems like this so that future telescopes might provide a clearer view one day, and perhaps even find evidence of alien life. NASA turns 60: The space agency has taken humanity farther than anyone else, and it has plans to go further.Crowd Control: A crowdsourced science fiction novel written by CNET readers. 1 Comment Sci-Tech Tags NASA Spacelast_img read more

Sidharth Alia wrap up Kapoor and Sons

first_imgActors Sidharth Malhotra, Alia Bhatt and Fawad Khan have wrapped up the shooting for Shakun Batra’s Kapoor and Sons.The trio will soon release the first look of the film. “#KapoorAndSons wrapped up….and coming soon @aliaa08 @_fawadakhan_ @shakunbatra @karanjohar,” Sidharth, 30, posted on Twitter.The 22-year-old Highway actor also tweeted about the upcoming first look. “Coming soon @s1dharthm ifawadkhan #kapoorandsonssince 1921,” she wrote.Produced by Karan Johar, the romantic comedy drama is Alia and Sidharth’s second film together post their debut movie Student of the Year. Both the actors are working with the Pakistani hearthrob for the first time.The film will hit the theaters on March 18, 2016. Kapoor and Sons also stars Rishi Kapoor in a major role.last_img read more

Here are the best places to enjoy some RR in Nicaragua

first_imgHere are the best places to enjoy some R&R in Nicaragua TORONTO — What can travellers expect to see while in Nicaragua? Unspoiled natural beauty, crystal clear beaches, and an exceptionally welcoming culture that make this Central American country a must-see destination in 2019 and beyond.For those in search of some serious R&R, Visit Nicaragua has compiled a list of the country’s very best places to recharge, rejuvenate and recalibrate:THE CORN ISLANDSIf your clients are looking to get away and unplug, then a trip to the remote Corn Islands is a must. Once a refuge for pirates, Big Corn Island and Little Corn Island are now a secret hideaway for many Nicaraguans and visitors from around the world. White-sand beaches, swaying coconut palms and clear turquoise waters are par for the course on both Corn Islands.Little Corn Island is a quiet and verdant jewel surrounded by calm cerulean waters. The gentle waves and supple sands lend themselves to world-class scuba, sailing and fishing, while the charming amenities of The Village offer an escape from the mainland bustle. Unassuming Little Corn may be out of sight, but this idyllic escape deserves to be top of mind.YEMAYA ISLAND HIDEAWAYNamed after the goddess of the sea, Yemaya Little Corn caters to wellness enthusiasts who seek out tranquility in natural locales. This unique island hotel offers 16 oceanfront rooms with stunning sea views, exquisite white sand beaches surrounded by lush jungle and a pristine reef teeming with sea life.Do not expect marble foyers or uniformed bellhops here: the decor is both locally inspired and tasteful. The organic garden that supplies the resort’s kitchen adds a healthy and authentic touch to the delectable cuisine. yemayalittlecorn.comMore news:  Universal enhances popular Harry Potter vacation package with new perksMALIBU POPOYO SURF RESORTMalibu Popoyo is what you get when you cross a luxury surf retreat with an adventure sanctuary. This all-inclusive, eco-friendly boutique surf resort and retreat centre caters to surfers, yogis and adventurous souls. Located beachfront in the heart of Popoyo, the resort is grounded in Nicaraguan culture and is a neighbor to more than 10 world-class surf breaks.With stimulating experiences for all walks of life, this high-end accommodation will indulge the senses without breaking the bank. malibupopoyo.comJICARO ISLAND LODGERelaxation and wellness at Nicaragua’s ‘Tourism Triangle’ on the west coast are easily within reach when visiting Jicaro Island Ecolodge. Located on a private island in the middle of Lake Nicaragua and just a short boat ride from the colonial town of Granada, Jicaro is a serene alternative to the bustle of the nearby historic city. The ecolodge is comprised of nine private two-story casitas, many with a glorious view of the lake and nearby Mombacho Volcano, and offers year-round yoga and wellness retreats that combine exceptional yoga experiences with opportunities to learn about the destination and its culture.The wellness center at Jicaro, overlooking the lake, features two open-air rooms and private showers for spa treatments. A highlight at Jicaro is the floating yoga deck accessible by boat, a serene location where guests can enjoy sunrise yoga, afternoon meditation and sunset dinner. jicarolodge.comMore news:  Honolulu authorities investigate arsons at 3 Waikiki hotels; no injuries reportedAQUA WELLNESS RESORTNestled among the treetops and overlooking a private white sand beach along Nicaragua’s Pacific Coast is Aqua Wellness Resort. This Rainforest Alliance-verified resort maximizes the beauty of its natural surroundings by offering tree-top villas, the perfect choice for travellers keen on seeing a variety of flora and fauna, not to mention monkeys, birds and butterflies. Additionally, Aqua rests on a turtle-nesting beach that affords frequent sightings of the majestic animals. Other highlights include daily yoga on an elevated, open-air platform that overlooks the beach, and The Aqua Spa, featuring treatments that draw inspiration from Nicaragua’s natural resources such as local fruit and cacao. aquanicaragua.comCOCO LOCO RESORTCoco Loco Resort, a community-focused eco-resort in northern Nicaragua, offers guests a very special travel experience. Since 2009, it has worked to improve the quality of life of the local community through education programs, development initiatives and volunteer efforts. Over the past 10 years, Coco’s Waves of Hope foundation has invested over $400,000 into projects and initiatives focused on education, infrastructure, health care and the environment.After giving back, guests can nurture themselves with yoga retreats, private classes and a teacher-in-training program. They can also take up surfing at all levels. Accommodations include eight palm-thatch cabanas on the main property and three boutique rooms in the new beach house. cocolocoecoresort.com Tags: Destinations, Nicaragua Posted by Sharecenter_img Travelweek Group << Previous PostNext Post >> Friday, May 31, 2019 last_img read more