September 29

IPE Pensions Scholarship Fund awards grant for emerging market research

first_imgBonizzi said his central contention was that the post-crisis environment was pushing pension funds from advanced countries to reallocate a growing part of their portfolios to emerging market assets.“The goal is to characterise and understand this issue and assess its implications,” he said.Congratulating Bonizzi on the award, IPE founding editor Fennell Betson said: “We are delighted to support the research being undertaken by Bruno. The fund’s board was unanimous in its decision to make this grant to the full amount we can provide.”The fund was established by IPE as a not-for-profit activity with the purpose of helping European students undertaking graduate or post-graduate studies relating to pensions matters at universities or research bodies in Europe.It was endowed with an initial fund of €10,000 to mark the 10th anniversary of the IPE Awards, an amount that has since been increased.This is the second student award to be made by the fund, following the award to Tilburg University PhD student Zorka Simon.The fund is overseen by a board comprising Chris Verhaegen, former chair of the Occupational Pensions Stakeholders Group at the European Insurance and Occupational Pensions Authority and former Secretary General of the EFRP in Brussels; Peter Melchior, executive director and actuary of PKA in Denmark; Peter Borgdorff, executive director of healthcare fund PFZW in the Netherlands; and Fennell Betson.The fund’s academic adviser is Debbie Harrison, visiting professor at Cass Business School’s Pensions Institute in London.The fund said it was keen to hear from European students involved in or considering undertaking pensions-related studies and research, or from the academic community.Further details are available from Fennell Betson or on the Fund’s website. The IPE Pensions Scholarship Fund has awarded its second grant to a PhD candidate in economics examining whether funded pension systems are inflating the value of long-term securities.Bruno Bonizzi, in the second year of his PhD programme under the supervision of Jan Toporowski, professor of Finance and Economics at London’s School of Oriental and African Studies, will be awarded the €5,000 grant to cover the costs associated with his research.In his letter of support of Bonizzi’s application to the IPE Scholarship Fund, Toporowski said the research would proivide important new evidence on pension fund regulation and capital flows.He added: “The topic of the doctoral thesis is the issue of the extent to which funded pension schemes in Europe and North America have been responsible for inflating the markets for long-term securities, the international portfolio capital flows that such inflation gives rise to and the effects of those flows in emerging markets.”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 28

Boskalis to Take Over Bohlen Doyen’s Cable Laying Business

first_imgBoskalis and German SPIE SAG Group have entered an agreement under which Boskalis will acquire the offshore cable installation activities and assets of Bohlen Doyen. The scope of the transaction, expected to be closed in the first quarter 2019 (subject to the satisfaction of customary conditions), includes the acquisition of three large cable laying barges, burial tools and other equipment, personnel, as well as several smaller commercial and maintenance contracts.The cable laying barges have capacities ranging from 800 to 4,000 metric tons and, according to Boskalis, their technical specifications make them ideally suited for the installation of export cables in sheltered water and the rapidly growing cable repair market.Bohlen Doyen’s cable laying vessels include BoDo Installer, BoDo Constructor and BoDo Connector.The company’s offshore cable laying business operations comprise grid to grid and offshore substation to shore connections, which includes the installation of offshore cables and connection of offshore wind farms to substations.Bohlen Doyen carried out cable installation on BorWin 3, DolWin 3 and NordLink, and was involved in the first phase of the Ostwind project for 50Hertz as a subcontractor to Prysmian.Given that Boskalis was awarded a contract for Ostwind 2 in November, the company now stated that its newly acquired business is well-positioned to execute the nearshore activities on the project.last_img read more

January 18

Junior Dos Santos beats Derrick Lewis in main event at UFC Fight Night

first_imgMOST READ Rogue cops marked as Gamboa’s targets in his appointment as PNP chief Elizeu Zaleski dos Santos submitted Curtis Millender in the first round.For the card’s co-main event, Zaleski dos Santos used his background in Brazilian Jiu-Jitsu and Muay Tay to keep Millender on the ground, forcing him to submit.“I’m a capoeira fighter by nature,” Zaleski Dos Santos said. “I’m a complete fighter. With every fight, I’m showing more of my game. This fight, it just happened that there was a clear advantage for me.”“I took my time, found my moment and just ran with it.” Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Eugenie Bouchard’s bid for Australian Open spot ends in qualifying Connect he did. In the second round of the bout, the Brazilian laid a combination of punches to Lewis, forcing him into the cage. As Lewis fell, Dos Santos lunged toward him and laid down the punches that got him the knockout win.At the beginning of that round, Lewis started off with a kick to Dos Santos’ head. It was the same form of kick that caused Dos Santos to bleed from his eye in the match’s first round. Lewis also laid a load of punches into Dos Santos throughout the match.FEATURED STORIESSPORTSGolden State Warriors sign Lee to multiyear contract, bring back ChrissSPORTSCoronation night?SPORTSThirdy Ravena gets‍‍‍ offers from Asia, Australian ball clubs Don’t miss out on the latest news and information. Japeth Aguilar wins 1st PBA Finals MVP award for Ginebra View comments Kyrie Irving’s 30 propel Celtics past Lakers Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Tom Brady most dominant player in AFC championship history Nadine Lustre’s phone stolen in Brazil Sports Related Videospowered by AdSparcRead Next Junior Dos Santos. APWICHITA, Kan. — Junior Dos Santos stopped Derrick Lewis by technical knockout Saturday night in the main event at UFC Fight Night in Wichita.“I’m feeling very good,” the 35-year-old Dos Santos said after his 15th knockout. “I work on my combinations all of the time, so I knew at some point I was going to connect.”ADVERTISEMENT “He has really heavy hands,” Dos Santos said. “He connected well. I knew I had to avoid his power.”In the beginning of the main event, Dos Santos was warned as he poked Lewis in the eye. Dos Santos started bleeding around the eye due to Lewis’ kick, but responded by laying punches and a kick to the abdomen that put Lewis in obvious pay for the remainder of the round. The 246-pound Dos Santos (21-5) doesn’t care who he fights next in the octagon.“I want fights,” Dos Santos said. “I’m here to fight again and regain my belt.”With the loss, Lewis (21-7) has lost his second fight in a row by knockout. At UFC 230, Lewis was unable to defeat Daniel Cormier for the heavyweight belt.The rest of the fight card didn’t disappoint, either. Niko Price laid a massive right hook that knocked down Tim Means in one of the night’s final fights. Price pounced on top of Means, laying a barrage of punches that gave him the win by knockout“As soon as they told me Tim Means, I was ready for war,” Price said. “I just bit down and started throwing back. He stumbled me a bit. Once I hit the cage, I threw a right hand and he didn’t move his head.”ADVERTISEMENT Ginebra beats Meralco again to capture PBA Governors’ Cup title Ginebra beats Meralco again to capture PBA Governors’ Cup title LATEST STORIES Gretchen Barretto’s daughter Dominique graduates magna cum laude from California collegelast_img read more