Allianz to lend to debt-starved markets

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Lend Lease’s Singapore string

first_imgWould you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletters To access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.last_img

Renaissance Man Steve Haweeli

first_imgMeeting with old friend Steve Haweeli of WordHampton for lunch at the new Maison Vivienne in Southampton to discuss art, restaurants, the East Hampton Chamber of Commerce, and, let’s face it, life in general, begs the question: where the heck does this story go in The Independent? Culture, art, or community news — Haweeli can easily fit into any category, a virtual chameleon in the flesh.Steve Haweeli is indeed a renaissance man. His PR company started the same year as Indy, and in the early days, faxes (remember those?) would arrive multiple times a day from his office in Springs. He launched Hamptons Restaurant Week and Long Island Restaurant Week and is also an accomplished painter of abstractions with his own blue period, which seems to be his most successful seller.“I just finished two more pieces in blue. I wanted to make sure I could recreate them,” he said. Some of the pieces are large and he noted that seeing one of his 4’x4’ paintings alone on a white wall in someone’s home recently gave him a thrill.“It looked so dynamic. It made me want to move some of my own stuff around to make room for a piece myself,” he said. He called his blue art “soothing,” and ascribed its popularity possibly to that. His art can be seen at the website WordHampton celebrated 25 years last summer. As we dined on a beautifully prepared ahi tuna tartare and a Salad Nicoise in the gorgeous surroundings of the new inn and eatery, Haweeli talked about one of his newest accounts, somewhat outside of his usual bailiwick — a trade association in Washington, D.C. called the Writing Instrument Manufacturers Association.“Pens, pencils . . . Are there other writing instruments I’m not mentioning?” I queried.“No, there are not,” Haweeli responded, which elicited a laugh from us both. “But these are huge companies with familiar names. Dixon, Ticonderoga, Bic, Federal Pencil, Pilot — we do all their social media. There’s an effort out there to bring handwriting back. It’s a fun account and we’ve won some awards for that.”Haweeli comes from a background of teachers. “My mother was a stickler for handwriting,” he said, but admitted that his own penciled scribblings often elicit a head-scratching response from WordHampton’s executive vice president and partner Nicole Starr Castillo. “Please don’t tell my mom,” he joked.Onto discussion of the East Hampton Chamber, over a delicious dessert of chocolate mousse. Haweeli said he’ll be stepping down as president at the end of his two-year run in December. “The Chamber is better than ever, and it’s only going to skyrocket,” he said. “We’re really trying to bring activity, and nightlife, and fun, back into the heart of East Hampton Village. But we’re also the Chamber for the entire Town of East Hampton.”And now The Independent has partnered with the East Hampton Chamber of Commerce as the Lead Media Sponsor.“I am honored and excited about our new partnership with the Independent,” said the Chamber’s executive director Steven Ringel. “Together, we are on a mission to revitalize and invigorate the Village of East Hampton. We want to bring the community back to the village and create exciting and meaningful events.”Haweeli noted that some of the ideas for collaboration with Indy include a new village farmers market, plus the annual fall festival in Herrick Park and the spring street fair.Ringel also threw other ideas or existing events into the works, including “music in the park, a beautification of the village with more flowers, art installations, food truck nights, movies in the park, a fantastic holiday season complete with magical lights in the village and on the Hook Mill Windmill, and the re-imagining and growing our famous Santa Parade, which this year will feature a community holiday party at the Hook Mill Windmill complete with food, drink, carolers, games, and the big Windmill lighting ceremony!”In the meantime, Haweeli said, when he steps down, he plans to stay on the board of the Chamber. “It’s a very dedicated board,” he said. “And we’re on the move.”WordHampton’s website is The East Hampton Chamber of Commerce can be found at Sharelast_img read more

Linde under investigation

first_imgSubscribe Get instant access to must-read content today!To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.Don’t just stay connected, stay at the forefront – join gasworld and become a subscriber to access all of our must-read content online from just $270.last_img

PIC Supervises H851 Barge’s Life Time Extension

first_imgIn July of this year PIC (Paint-Inspector.Com) was contracted by Heerema Marine Contractors in the Netherlands to provide the Paint Superintendents for their project H851.H851 is one of the biggest barges around the world and is used to transport big items, such as topsides, part of rigs or any other big industrial items. Since the general condition of the barge is excellent, Heerma Marine Contractors decided to carry out a Life Time extension program on the barge.For this reason, a total 326,000 square meters of water ballast tanks will be completely blasted and coated.PIC is supervising with one paint superintendent, a team of 3 paint inspectors for Heerema Marine Contractors and two paint Inspectors on behalf of the Paint Manufacture Hempel Coatings to assure that agreed quality will be delivered by the YuLian ship yard in Shenzhen China.Heerema Marine Contractors chose to apply Hempadur Quatro 1763 of Hempel Coatings in 2 coats of 150 micron on a blasted surface of SA2. As it is the case with all bigger projects, the beginning was difficult and various small contract items needed some fine-tuning.However after the first tanks had been delivered by Yulian Ship yard, they started to make progress with a high quality, which was accepted by all parties involved.It is very important that at the beginning of such big jobs the expectations in regards to quality and delivery time are very well defined. PIC has the experience to help project owners to obtain their goals and set up a good quality inspection protocol. It is important for owners to know that the problems, which could arise during the project implementation, should be resolved in the pre-execution stage of the project.For this reason, PIC recommends conducting of an audit on the paint contractors prior to starting a project or signing a contract. [mappress]Press Release, November 22, 2013last_img read more

Höegh Gallant Dropped Down

first_imgNorwegian owner and operator of LNG floating terminals Höegh LNG Holdings has agreed to sell the entity that owns the FSRU Höegh Gallant to its spin-off Höegh LNG Partners for a purchase price of USD 370 million.The existing debt related to the Höegh Gallant is approximately USD 183 million and will continue to be outstanding. The purchase price will be settled by the cancellation of a USD 140 million demand note from Höegh LNG Partners to Höegh LNG Holdings, and the issuance of a seller’s credit of USD 47 million, due in 18 months with an interest rate of 8% per annum. The transaction is expected to be completed by the end of September 2015 and is subject to customary closing conditions.Höegh Gallant is operating under a charter with the government-owned Egyptian Natural Gas Holding Company (EGAS) that expires in April 2020.Additionally, Höegh LNG Partners has the right to cause Höegh LNG Holdings to charter the vessel from the expiry of the EGAS charter until July 2025 at a rate equal to 90% of the rate payable pursuant to the current charter.Höegh LNG and Höegh LNG Partners continue to await the consent of the charterer as to the proposed drop down of the FSRU Independence.last_img read more

Ingeteam Appoints New CEO

first_imgSpain’s Ingeteam has appointed Adolfo Rebollo to replace Javier Ojeda who has recently resigned from his position as CEO of the company.The 44-year-old Rebollo has a degree in Electrical Industrial Engineering from the Bilbao School of Industrial Engineers. He started his career in Ingeteam in 1996 and is currently holding the position of Managing Director of Ingeteam Power Technology S.A.Over the two decades in which he has been working in Ingeteam, Rebollo has held a number of responsibilities within the group. He led the project to establish Ingeteam in Milwaukee (USA) from 2010-2015. During this period, he acted as the General Manager of Indar in the country, dedicated to the manufacture and marketing of wind generators for the American market. Prior to his stage in the USA, Adolfo Rebollo held the post of Technical Director of Indar in Beasain, Spain (2005-2010) and, during his initial years at Ingeteam, he worked in the electrical projects and industrial automation division (1996-2000), subsequently heading the creation of the Marine Systems Division (2000-2004).Indar Electric is the Ingeteam Group company specialising in the design and manufacture of rotating electrical machines.last_img read more

PII bills to stay flat for big firms, but rise sharply for small

first_imgProfessional indemnity insurance (PII) premiums for the top 100 law firms look likely to remain flat for 2009/10 despite a slight increase in claims, insurance broker Marsh said today. Insurance bills for small firms, however, are likely to rise significantly. Marsh, which claims it brokes PII for 34% of the top 100 firms, estimated that premiums could rise by up to 5% in some cases, but that most big firms would pay the same rates as last year. Though Marsh does not as a rule insure firms of four partners or less, said Andrew Jackson, managing director in Marsh’s UK PI practice, insurers will increase premiums drastically for small firms because insurers made heavy losses last year. However, he said these increases might help the market overall. ‘It’s possible that as those [premium] rates increase, other people will want to make a profit, so new insurers could enter the market,’ he said. Sandra Neilson-Moore, European practice leader for law firms’ PI at Marsh, agreed that intense competition for larger firms’ business meant that insurers would not generally increase premiums for those firms. Jackson said insurers are asking for more information – such as in detailed questionnaires – than ever and that many were considering moving away from insuring conveyancing firms.last_img read more

Comparing lawyers with doctors proves maturity of profession

first_imgThere was fuss and nonsense in the press recently about the growing number of solicitors. One article compared the number of lawyers unfavourably with that of police officers. But growth in the number of lawyers is not a UK phenomenon alone, and has many reasons. In order to tease them out, and on the basis that comparison leads to knowledge, I think it is useful to contrast our position with another liberal profession similar to ours, and see how we have fared, and why. Here follows an extended riff – not an academic treatise – on some of our similarities and differences with doctors. I shall use three propositions and examine their consequences. This may seem obvious, but has led to a very different movement of the two professions across borders. Following the boom in the number of EU lawyers, the UK and other European countries have been very successful in exporting legal services around the world. It is curious that lawyers are exporters. People are always surprised at the extent of the export, because they say: ‘But the law is different in every country. How can a lawyer be exported?’ Our sophisticated societies have created legal persons in addition to natural persons. These legal persons, which have grown into mega-giants striding the planet, are – despite their roaring and gobbling – curiously timid and conservative, and prefer to have with them their own lawyers when they travel. Out of that arises the boom in legal exports. It also causes one of the profound differences between the modern fate of lawyers and doctors. Lawyers follow their clients across borders, and doctors – apart from those, say, to a handful of Hollywood stars or ageing dictators – do not follow their patients. It is bizarre, because my legal needs are different once I cross to Calais, whereas my body stays the same. It becomes more understandable, although not fully so, when you realise that few lawyers follow clients who are individuals, but many follow clients which are companies. Proposition 2: Companies need lawyers, but not doctors The number of solicitors has tripled over the last 30 years. As already indicated, this is a Europe-wide experience, with every bar reporting an enormous increase over recent decades. It is a particular problem for small bars in tiny countries where they are not able to cope easily with the growth. There are now around one million lawyers in Europe. On the other hand, there are two million European doctors. Their figures are not going up very robustly. This is largely as a result of cost-containment measures during the 1980s and 1990s which reduced the number of new doctors by limiting medical school intakes. From 1990 to 2005, the annual number of medical students graduating declined in France, Germany, Italy, and Spain, which are among the largest EU member states. The European Commission estimates that the gap in supply of human resources in health by 2020 will be about 1,000,000 health workers, of which 230,000 will be doctors. Many countries will have to rely increasingly on foreign-trained doctors as the baby-boom generation of doctors retires from the profession. These countries are sucking in qualified doctors, first from the central and eastern European member states, and then from outside the EU. This is a social problem for exporting countries, because they see no return on expensive medical training. It is also a different movement to that of lawyers, since lawyers from the richer countries are going to richer and poorer countries alike to provide legal services. Proposition 1: It is cheaper to train lawyers than doctorscenter_img Within Europe, the process of crossing borders is different for the two professions. Lawyers are able to cross EU borders very easily as a result of our own directives. I can temporarily cross a border and appear in another member state’s court without notifying the local bar at all. I can establish myself in another member state very simply by registering with the bar, and can then obtain that state’s legal qualification after three years. English law firms have been successful in taking advantage of these laws, and you will find them established in many member states. Doctors are much more nervous. For the provision of temporary services across borders, for instance, a doctor has to lodge a declaration in advance with the competent authorities and also a pro forma registration with the local professional body. Doctors are currently dealing with the difficult issues thrown up by the case of Dr Urbani, the German doctor whose negligence caused the death of a UK patient. The European system – for doctors and lawyers – does not allow language tests for professionals coming from another member state, other than indirectly through oral examinations in substantive topics, but questions are now being asked about languages within the medical profession. Further propositions could be developed, too. There have doubtless been changing social and economic needs for doctors, but the growth in lawyers has been able to be absorbed because of the change in the UK’s – and the EU’s – economy from one of manufacturing to one of services. Manufacturing needs walls to protect goods; services need lawyers to write and monitor contracts which have the same effect as virtual walls. Then the growth in social protections – for instance, in the field of employment and immigration – has led to the need for lawyers in new areas. Where does the comparison leave us? We all know that doctors and lawyers are different. So what? Maybe one should not devote energy to combat ill-informed conclusions about the legal profession in the tabloid press. But there are complex and good reasons why the number of lawyers has grown, leading to the UK being an important exporter of legal services. Comparison with the medical profession is a way of highlighting how our profession has taken advantage of a changing environment. Proposition 3: Lawyers’ advice and activities cannot kill their clients Jonathan Goldsmith is secretary general of the Council of Bars and Law Societies of Europe, which represents about one million European lawyers through its member bars and law societies. He blogs weekly for the Gazette on European affairslast_img read more

Campaign for participation of Somali women in electoral process gets underway

first_imgUN chief commends Madagascar’s electoral process Somali Women Join Global Campaign To End The Violence Against Women Somali media practitioners and human rights activists have agreed to conduct nation-wide public awareness campaigns on women participation in the 2020/2021 electoral process. (AMISOM) Somali media practitioners and human rights activists have agreed to conduct nation-wide public awareness campaigns on women participation in the 2020/2021 electoral process. (AMISOM)Somali media practitioners and human rights activists have agreed to conduct nation-wide public awareness campaigns on women participation in the 2020/2021 electoral process.In support of the National Independent Electoral Commission (NIEC) efforts to raise awareness about the electoral process, the Political Affairs Office of African Union Mission in Somalia (AMISOM), in conjunction with the Protection, Human Rights and Gender Affairs Unit, organized a one-day workshop held in Mogadishu.Youth participants, women’s groups, human right activists as well as female journalists agreed on modalities to use to promote women participation in the electoral and political process.Sadia Shurie, who is Management and Finance Advisor at the National Independent Electoral Commission (NIEC), urged media reporting to be impartial, truthful and deliberately intended to create awareness on the importance of women participation in the electoral process.“NIEC has implemented a raft of measures to ensure equal participation of the youth and especially women in the available positions at NIEC. Twenty-four percent of NIEC staff both in Mogadishu and the regions are women. NIEC also conducts regular consultations to promote women participation in the electoral process,” she said.Muna Hassan Mohamed, who works as a Political Officer at AMISOM, underlined the importance of conducting nation-wide campaigns to sensitize women on the importance of their participation.“We agreed that sensitization, through the media, is key in making sure women are cognizant of their role in the electoral process. And as AMISOM, we act as facilitators to ensure success of the awareness campaigns,” Muna said.Hinda Dahir Jama, head of the Somali Women Free Press Association urged female journalists to take the lead in reporting about women participation in the electoral process.“Our discussions centred on how to best report on the elections, while focusing on aspiring women leaders through programming that shows how women are capable of running for elective positions,” Jama said.Ms. Mane Ahmed, Gender Officer, highlighted the need for Somali women to get the adequate knowledge on the electoral process so that they are able to fully participate and contribute to the process.Among the issues that the meeting discussed as key to achieving were building on the last achievement, gender equality and increased women participation in the upcoming elections, higher level advocacy forums to engage the ad-hoc committee and the NIEC, visibility for female candidates in the media.Relatedcenter_img China Donates Office Equipment to Somali Women Organizationlast_img read more