Virat Kohli-Anil Kumble matter should have been handled a lot better: Sourav Ganguly

first_imgFormer India captain Sourav Ganguly on Tuesday said the controversy involving ex-national team coach Anil Kumble and skipper Virat Kohli could have been handled a lot better by the Board of Control for Cricket in India (BCCI).Talking to reporters here, Ganguly who is part of the Cricket Advisory Committee (CAC) of the BCCI responsible for selecting the coach, said: “The matter should have been handled a lot better, Anil Kumble and Virat Kohli. It should have been handled a lot better by whoever is in charge. It wasn’t handled properly.”WATCH VIDEOAsked about the news that Ravi Shastri has applied for the coach’s job after the BCCI extended the deadline for applications to July 9, Ganguly said: “Everybody has got the right to apply.”Ganguly was on Tuesday named in the seven-member Special Committee formed by the BCCI to identify the critical points in implementation of the Justice R.M. Lodha Committee reforms.”The committee will face the music from Committee of Administrators,” a laughing Ganguly said.”I don’t know what is the exact role. Will have to find out.”Asked about the Lodha Committee recommendations like ‘one-state, one-vote’, age cap of 70 years for office-bearers, increasing the number of members in the selection panel to five from the current three, and several others, Ganguly said: “There are lots more. There will be a meeting on the 1st (of July). There everything will be decided.”The Special Committee is expected to begin work in the next two days and is likely to submit its first report within a fortnight.advertisementMeanwhile, the Cricket Association of Bengal (CAB) will have an emergent meeting on July 1 to discuss the way forward with the Lodha Committee reforms.”We did not have SGM last year. Till the reforms are done it won’t happen. We have informed the members of the meeting to discuss what’s the way forward,” Ganguly added.last_img read more

Merger with UASC Drives HapagLloyds Profit Surge

first_imgzoom German liner giant Hapag-Lloyd has started to reap fruit from its merger with the United Arab Shipping Company (UASC) based on the preliminary figures for the full year 2017.Namely, a major jump has been reported in the company’s operating result (EBIT) for the full year, reaching EUR 411 million (USD 502 million) against EUR 126 million reported a year earlier.Earnings before interest, taxes, depreciation and amortization (EBITDA) climbed up to EUR 1.055 billion, against EUR 607 million posted for 2016. The EBITDA margin grew to 10.6 pct compared to 7.9 pct in 2016, the company said.Aside from UASC merger, the better financial performance was also ascribed to a positive development of the worldwide container transport volume and a slight recovery of freight rates.In the fourth quarter of 2017, Hapag-Lloyd’s EBITDA increased to EUR 333 million from EUR 226 million reported in Q4 in 2016 and EUR 42 million higher EBIT year-on-year.Improved freight rates contributed to a revenue increase, which came at EUR 10.0 billion for the full year, compared to EUR 7.7 billion in 2016.At the same time, Hapag-Lloyd recorded a significant volume increase of 29 pct totaling in 9.8 million TEU.The German liner, which is now the fifth-largest liner shipping company in the world, also has sound equity and liquidity reserves amounting to EUR 6.1 billion and EUR 1.1 billion respectively.Hapag-Lloyd has a fleet of 215 container ships and a total transport capacity of 1.6 million TEU.last_img read more

Panama Canal Rotterdam Port to Promote International Trade

first_imgzoomIllustration; Image Courtesy: Port of Rotterdam The Panama Canal and the Port of Rotterdam signed a Memorandum Understanding (MOU) to promote international trade between Europe and the West Coast of South America. Through this deal, the two organizations will work closely to optimize operations while encouraging economic growth and the exchange of information on new business development opportunities, including logistics parks and port development projects.The agreement comes at a period of continued growth for both the Panama Canal and Port of Rotterdam. Last month, the port celebrated a new transshipment record for the first six months of 2019 with 240.7 million tons handled, marking a 3.4% increase compared to 2018.During the same month, the canal set a new daily tonnage record of 1.706 million Panama Canal tons (PC/UMS) on August 16, not long before welcoming the 7,000th Neopanamax transit since the inauguration of the Expanded Canal in 2016.The MOU is renewable after two years and will allow for both parties to share information on their technological capabilities, including the implementation of digital tools and applications aimed at improving transport efficiency and cost reduction.The deal also includes the exchange of market studies, transit data and modernizations plans, as well as joint training programs, studies and marketing activities between the two parties.last_img read more