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ESC: Shipping Alliances Need a Watchdog

first_imgzoom The European Shippers’ Council (ESC) says that shipping industry needs a global authority to keep Vessel Sharing Alliances (VSA) in check, as they are a risky development for the free market for transportation of goods over sea.According to the ESC, the global market will be in the hands of four major players, warning that  this will not be good for the clients of the carriers, the shippers, and the consumers in terms of price and quality of service, if competition authorities do not impose strict conditions on the operation of the alliances.The U.S. Federal Maritime Commission (FMC), through Commissioner Lidinsky, has also acknowledged the potential competition threat the alliances pose, and is supporting the organization of a global summit on competition with competition authorities from US, China and Europe at least. The European Shippers’ Council said it is welcoming the opportunity to deal with this global concern at the correct level with more involved competition authorities.To prepare the summit, and to be able to promote its position, ESC will meet DG COMP and present its plan for the creation of a monitoring system for alliances. Americans and Asian shippers’ councils will be encouraged to take the same approach towards their national competition authorities.As an example, the European Shippers’ Council wants to see monthly capacity, actual filling rates and monthly average revenue per TEU tracked by competition watchdogs. The ESC says that a strict monitoring of freight rates modification following capacity changes has to be created, as well as an advance notification system to eliminate last minute cancellation of calls, departures or bookings.In the end, the ESC would like to see an observatory of the service quality to be settled to avoid that alliances lead to a decrease in transport quality and as a consequence a hurdle to the global trade and its growth potential.Press Releaselast_img read more

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Brock business team makes it to Nicol finals

Michael Churey and Mark BittorfA team from Brock’s Faculty of Business has made it to the national finals of the Nicol Competition.Mark Bittorf and Michael Churey are one of six pairs who will present at the business plan competition in Ottawa on March 27 and 28. Their venture, “Conquer Climbing,” won the first round at Brock, which brought a prize of $5,000.The six finalist teams are from Acadia, Brock, Carleton, Manitoba, St. Francis Xavier and Wilfrid Laurier.Last year, Brock students Marty Verhey and Nico Verhoef won the Nicol Award of Canada.

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Devico to work with Atlas Copco to develop South African exploration drilling

first_imgDevico has signed an agent agreement with Atlas Copco, a leading supplier to the exploration drilling market in South Africa and neighbouring countries. The company offers a complete portfolio of exploration equipment. Under the terms of the agent agreement, Atlas Copco will offer Devico surveying tools and software in the range of exploration products they offer to the exploration and geotechnical drilling markets of southern Africa.“Atlas Copco Exploration Products Africa (South Africa) has a strong sales network in this region that will be key to the growth of Devico survey instruments,” says Viktor Tokle, Managing Director at Devico. “We are thrilled to have them as a partner for Devico as we expand our support for customers in one of the most important exploration regions in the world.”Atlas Copco will represent Devico tools in South Africa, Botswana, Namibia, Zimbabwe and Mozambique. The products marketed by Atlas Copco under this agreement will include DeviTool, PeeWee, DeviFlex, DeviCore, DeviGyro and DeviDip, as well as the Devico software for planning and calculating borehole trajectories, DeviSoft. All products supplied by Devico will be marketed under the Devico brand and related trademarks.Devico is a Norwegian based supplier of directional core drilling systems which allow surveying while drilling in deviated boreholes. Devico has 20 years experience of directional core drilling and is today the market leader in this field.last_img read more