September 29

Dutch pension fund to invest in Actiam microfinance fund

first_imgPGB, the €18bn pension fund for the Dutch printing industry, has committed €20m to a microfinance fund launched by Actiam, the successor of SNS Asset Management. The fund – the Actiam Institutional Microfinance Fund III – has been launched for six institutional investors, including the €13bn railways scheme SPF and the €3bn pension fund for public transport, SPOV.The asset manager said the duration of the fund would be eight years and that the target return would be approximately 6%.It added that total commitments were €130m to date. Rob Heerkens, board member for investments at PGB, said: “We consider microfinance as a deliberate choice for ESG investment.”The industry-wide scheme previously invested €8m in a predecessor of the Actiam fund.According to Jacques Kappé, SRI portfolio manager at SPF Beheer (the asset manager for SPF and SPOV), the new fund ties in with its clients’ desire to affect social and sustainable change against an acceptable return.“With a return of more than 5%, Actiam’s first microfinance fund fully met our expectations, and also demonstrated its social impact,” he said.However, Kappé declined to disclose the size of SPF and SPOV’s commitments to Actiam’s new fund.Theo Brouwers, director at Actiam Impact Investing, said the social and financial returns of these microfinance funds met market expectations.“Financially, the returns are at the same level as from regular funds with a similar risk profile,” he said.“However, in this case, both the investor and the investment target receive a social return.”Within Actiam, Actiam Impact Investing focuses on socially relevant corporate activities, such as microfinance, small and medium-sized enterprises in developing countries and clean energy.last_img read more

September 28

Top Six Largest Boxships

first_imgMOL Triumph, also a 2017-built ultra large containership has taken the number three position. With length of 400m, breadth 58.8m, and depth of 32.8m, the newbuilding is the first of four 20,150 teu containerships ordered by MOL in February 2015 from SHI. The sea giant is already halfway through its maiden voyage to Europe within THE Alliance’s FE2 service as it is currently in Hamburg. And last, but not least, is the behemoth 19,100 teu CSCL Globe. The megaship, also built by a South Korean shipbuilder, Hyundai Heavy Industries (HHI), measures 400 m in length, 58.6 m in width and 30.5 m in depth. The vessel is as large as four soccer fields, and is deployed on the Asia-Europe trade loop. The ship belongs to a batch of five same-sized ships owned by China Shipping Container Lines (CSCL).According to Alphaliner, a total of 54 units of 18,300-21,400 teu ships of 23 rows breadth and 24 bays length has been delivered to date, with a further 51 units due for delivery over the next two years.All the ships of above 18,000 teu share similar dimensions, each with a breadth of 58.60-59.00 m allowing to stow 23 rows of containers on deck and 21 rows in holds.  They also have a similar length of 395-400 m, that fits 24 bays of 40’ containers.However, each series can stow either 11 or 12 standard containers under deck (depending on hull depth), as well as a similar number of tiers on deck, with differing lashing bridge designs. Each also has different bay distributions due to the different placement of the deckhouse and engine room and funnel, Alphaliner added. The world’s fifth largest containership is the 2015-built MSC Oscar boasting 19,224 teus and 19,362 dwts. Built by DSME, the vessel’s size is the equivalent of four soccer fields, featuring 395.4 m in length. MSC Oscar is the first of the series of six ultra large container ships (ULCS) of Olympic Series. The boxship is 59m wide with a draft of 16m. Initially specified at 18,000 teus, the ship was expanded during the building phase to add an extra tier above decks. Starting with the latest addition to the global fleet of super-sized containerships, the recently-christened 21,413 teu OOCL Hong Kong has taken the title of the largest ship in the world based on its advertised nominal container intake.However, the sea giant features 191,317 in dwt capacity, considerably lower from some of its following counterparts. The behemoth was built by South Korean Samsung Heavy Industries (SHI). Boasting a length of 399.9 m and a width of 58.8 m, the boxship will serve the Asia-Europe trade lane as part of the LL1 service. Five more of its sister ships are being built for the company at SHI and they are scheduled for delivery later in 2017. The 20,568 teu Madrid Maersk has secured the second place on the list based on the teu capacity, however it still holds the crown when it comes to dwt as it features 210,009 dwt capacity. Built by SHI’s compatriot Daewoo Shipbuilding and Marine Engineering (DSME), the colossal boxship has a length of 399 m and a width of 58.6 m. Madrid Maersk belongs to the 2nd generation of Maersk Line’s Triple-E class of vessels and is the first of 11 ships ordered from DSME back in 2015. The latter part of our list continues with the 2015-built 19,870 teu Barzan, the container shipping industry’s first LNG-ready ultra-large container vessel, and the largest boxship in United Arab Shipping Company’s (UASC) fleet. Barzan has an overall length of 400 m, breadth of 58.68 m, depth of 30.6 m and a draught of 16 m. The Barzan is deployed on UASC’s AEC1 service between Asia and North Europe and is the first of a series of six 18,000+size teu ULCVs acquired by UASC for the Asia – Europe trade. World Maritime News Staff; Image Courtesy: OOCL, Shipspotting: TARBATNESS; MOL; MSC; CSCL,last_img read more

September 20

Debabrata new president of Rajbari Club

first_imgOur Sports ReporterGUWAHATI, June 17: The new executive committee of the Rajbari Sports Club was constituted during its Annual General meeting which was held in the city today. Debabarata Saikia will be the president of the new committee while Ibocha Singh selected as the Working president. On the other hand Hemanta Laishram will take the chair of general secretary in the new committee.last_img