Jacksonville Port Welcomes Its First ZIM Boxship

first_imgzoomImage Courtesy: Jacksonville Port Authority The Jacksonville Port Authority (JAXPORT) recently welcomed the 10,070 TEU containership Tianjin, operated by ZIM Integrated Shipping Services (ZIM).The boxship made its maiden call to the port’s Blount Island Marine Terminal as part of ZIM’s new Asia to North America service, offered through an agreement with the 2M alliance.The shipping line now offers direct service from Jacksonville to Kingston, Jamaica; Xingang, Qingdao, Shanghai and Ningbo in China; and Busan, South Korea.“The arrival of ZIM is a result of the successful investment of local, federal and state dollars for the Jacksonville Harbor Deepening project and other port growth projects, plus our reputation for operational excellence,” Kristen DeMarco, JAXPORT’s Chief Commercial Officer, said.“This is a monumental occasion for JAXPORT and a milestone in the overall evolution of the port. Ocean carriers are not waiting for the deepening project to be complete, they are investing in Jacksonville now and Northeast Florida’s economy will benefit.”JAXPORT informed that the deepening of Jacksonville’s shipping channel to 47 feet to accommodate even more cargo aboard the largest ships calling the U.S. East Coast is well underway. The U.S. Army Corps of Engineers recently awarded the contract for the second phase of the project as contractors continue to make progress on phase one.last_img read more

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Will Etihad buy Jet cheap under insolvency process leaving lenders high and

first_imgWorkers cover the cockpit window of a Jet Airways aircraft parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, on March 26. The airline’s last flight was on April 17.ReutersThe bankruptcy proceedings the State Bank of India (SBI)-led consortium of lenders plans against Jet Airways may strengthen the position of United Arab Emirates (UAE) national carrier Etihad Airways, which is a strategic partner owning 12 percent stake in the private airline. The foreign strategic partner of the Naresh Goyal-founded Jet may get the opportunity to buy the airline’s assets at a much lower rate and without having to meet the Securities and Exchange Board of India (Sebi) norms, reports suggest.Jet Airways shares plunged on the National Stock Exchange (NSE) about 30 percent by noon to Rs 47 on Tuesday following reports about the lenders’ decision on Monday to invoke the IBC proceedings.India’s first private airline that began flying in mid-1993 and reigned the national skies as its biggest carrier by market share for a while touched down for the last time on April 17 under the weight of mounting debt and missed payments to suppliers and operational creditors. Jet owes lenders including overseas banks Rs 8,000 crore, reports say. The other outstanding payments total more than Rs 4,000 crore. Jet Airways market capitalization has plummeted and nearly 20,000 employees have been rendered jobless. Goyal, who stepped down in March as executive chairman of the airline under pressure from the creditors, still owns 24 percent stake in the company but faces an exit ban along with his spouse. Though the lenders invited global bids to buy a controlling stake in the airline under a debt resolution plan that the consortium formed, no worthwhile proposals were presented, according to reports. Etihad, meanwhile, held talks with the UK-based Hinduja group for picking up a substantial stake in the airline, but the talks soon floundered, forcing the lenders to seek proceedings under the Insolvency and Bankruptcy Code (IBC) in the National Company Law Tribunal (NCLT). A Boeing 787 Dreamliner of Etihad Airways. Courtesy: etihad.comA statement from the SBI said, “Lenders have decided to seek resolution under IBC since only a conditional bid was received and requirement of the investor for Sebi (Securities and Exchange Board of India) exemptions and resolution of all creditors is possible under IBC.” The statement added that while the lenders were making efforts to find a resolution for Jet outside the insolvency process, a decision has been taken now to seek a resolution within the IBC process due to investor requirements, a report in the Business Standard said. Two operational creditors — Shaman Wheels and Gaggar Enterprises — have already moved the NCLT over outstanding payments and their pleas have been posted for admission on June 20. The Jet lenders’ application also might get heard on the same day.Etihad’s offer during the bidding process was conditional demanding an exemption from having to meet the Sebi stipulation of a mandatory open offer for acquiring a majority stake once its shareholding crossed 25 percent. “Etihad Airways has worked consistently to find a solution which would enable Jet Airways to be reactivated as a viable entity. We will continue to constructively evaluate participation in potential solutions,” the report quoted a spokesperson of Etihad as saying.”It’s over to the legal process from now on,” a Jet official said. A Dutch court had declared Jet Airways bankrupt last month and had seized a Boeing 777 aircraft, the report said. According to lawyer Sumant Batra, this could complicate the insolvency process in India and NCLT will have to consider if a resolution professional can be appointed in view of the proceedings in the Netherlands.last_img read more

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Voting in 4th phase upazila polls begins 88 elected unopposed

first_imgVoting in 4th phase upazila polls beginaVoting in the fourth phase of upazila election began in 107 upazilas on Sunday, reports UNB.Balloting started at 8:00am in the fourth phase of the local body elections and will continue until 4:00pm without any break.More than 25.5 million voters are expected to cast votes.In this phase, 351 chairman, 533 vice-chairman and 406 woman vice-chairman candidates are contesting. But 39 chairman, 22 vice-chairman and 27 woman vice-chairman contestants have already been elected unopposed.The election commission announced polls schedule for 122 upazilas but all candidates in a number of upazilas have already been elected uncontested. These upazilas do not require balloting. Polls to some other upazilas were postponed on various grounds.This time, electronic voting machines will be used in Cox’s Bazar Sadar, Patuakhali Sadar, Mymensingh Sadar, Bagerhat Sadar, Munshiganj Sadar and Feni Sadar.A security team comprising of 14-16 members drawn from police, Ansar and VDP will guard each polling station.The first three phases of the upazila elections were held on 10, 18 and 24 March.last_img read more

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A BoseEinstein condensate has been produced in space for the first time

first_imgThe device consisted of a capsule containing a chip holding a group of rubidium-87 atoms, electronics, some lasers and a power source. It was activated once the rocket reached an altitude of 243 km, producing a BEC in just 1.6 seconds. Once the BEC was produced, 110 preprogrammed experiments were carried out in the six minutes it took the rocket to fall back to Earth.The BEC produced by the team was the first ever produced in space and marks the start of a new era in BEC research efforts. An international team of researchers has successfully produced a Bose-Einstein condensate (BEC) in space for the first time. In their paper published in the journal Nature, the group describes creating a small experimental device that was carried on a rocket into space and the experiments that were conducted during its freefall. The payload of the sounding rocket in the integration hall at the European Space and Sounding Rocket Range (Esrange) in Sweden Credit: photo/©: André Wenzlawski, JGU Journal information: Nature Explore further Payload of the sounding rocket and all those involved in the undertaking, among them scientists of the MAIUS-1 project, employees of the German Aerospace Center, and employees of the Esrange rocket launch site Credit: photo/©: Thomas Schleuss, DLR More information: Dennis Becker et al. Space-borne Bose–Einstein condensation for precision interferometry, Nature (2018). DOI: 10.1038/s41586-018-0605-1center_img A Bose-Einstein condensate is a state of matter occurring after gas atoms with very low density are chilled to very near absolute zero and bunch up to form an extremely dense quantum state. Scientists are interested in producing them so that they can test their properties—theory has suggested that they could serve as the basis for highly sensitive sensors. Such super-sensitive sensors could be used to better understand physics phenomena such as gravitational waves. However, producing Bose-Einstein condensates is tricky, because gravity interferes with devices for producing and studying them. The current method involves dropping such devices from towers to allow them to do their work in a zero-gravity environment—but these experiments have just fractions of seconds to operate. Doing these experiments in space would be a much better option due to the microgravity environment.Realizing the potential of a space-based platform for conducting BEC research, the U.S. launched the Cold Atom Laboratory last May, though it is not yet fully functional. In the interim, the researchers with this new effort created a tiny device capable of producing a BEC and conducting a host of experiments on it, which they put aboard a rocket and launched into space. © 2018 Phys.org This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Citation: A Bose-Einstein condensate has been produced in space for the first time (2018, October 18) retrieved 18 August 2019 from https://phys.org/news/2018-10-bose-einstein-condensate-space.html Researchers are creating a spot colder than the vacuum of space inside the International Space Stationlast_img read more

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