Greece Wants Better Offer for Piraeus Port from Cosco

first_imgWorld Maritime News Staff zoom China’s port operator Cosco Group (Hong Kong) Limited has been confirmed as the sole bidder for Greek Piraeus Port Authority SA, the Hellenic Republic Asset Development Fund informed.The binding financial offer for the sale of a 67% shareholding in Piraeus Port was unsealed yesterday, the fund said.“According to the terms of the process, the Fund requested the submission of an improved financial offer to be assessed at a subsequent meeting of the Board scheduled to be held in the coming week,” the fund adds.The bidding process closed on December 21st.The tender process for the sale of 67% of the shares of the Piraeus Port Authority was launched in March 2014, but the stake has since been downsized to 51 percent.It is expected that the sale value of the 51 percent stake could reach about USD 179 million. The selected winner has the option to purchase additional 16 percent stake over five years, however first it has to invest around EUR 300 million in port development.last_img read more

11 fallen trees bring traffic to a halt

first_imgNew Delhi: Delhi’s first Monsoon showers were a relief for some staying back home or in offices but also threw Delhi Traffic to jitters after several trees fell on the roads and obstructed the traffic, leaving the motorists stuck at several points in Delhi. The Public Works Department (PWD) received at least 11 calls of ‘fallen tress’ from across the city.Motorists were stuck at Adhchini Red light in South Delhi after a huge tree fell on the road forcing the commuters to make frantic calls to the Delhi Traffic Police and PWD. The call was received at 3:55 pm by the PWD and at 4:05 pm by Traffic police. “Area traffic and concerned civic agency has been informed,” the Delhi Traffic Police Twitter handle tweeted. Also Read – Bangla Sahib Gurudwara bans use of all types of plastic items”We have been struck in the jam from quite sometime and have made several calls to the concerned authorities but there has to be a mechanism for actively responding to calls like these,” said a commuter struck in the jam. “This should be taken on priority as the begining of the monsoon season tests the preparedness of the civic agencies. If a tree has fallen, how quick the agencies respond tells their state of activeness,” said another commuter. Also Read – After eight years, businessman arrested for kidnap & murderThe PWD also roped in members of civil division and road maintainence department and also Horticulture department to remove the heavy trunk of the fallen tree which resulted in huge traffic jam on the road. At around 4 pm a large neem tree uprooted during rain on Aurobindo Marg between PTS Malviya Nagar (from Mehrauli to AIIMS). The tree blocked the complete carriage way. Three cars were also trapped under the tree without any injury to the occupants. Disaster van of Traffic Unit also reached the spot. SDMC and PWD Horticulture were also informed and their teams also reached the spot. “The work of cutting as well as removing the tree was taken up, the trapped cars were removed and one lane was restored for traffic at about 5:30pm. The second lane was also restored at about 5:45pm and the complete carriage way was cleared and restored by 6:45pm,” said a senior Traffic official. Apart from Adchini, calls of ‘fallen trees’ were also received from Aurobindo Marg, Mukherjee Nagar, Saket, Mayur Vihar Phase 3 Manas Apartment. Also the calls of traffic choas due to ‘fallen trees’ were received from Punjabi Bagh, MB Road, Kaya Maya Mandir, Auchandi Marg, road from IIT Flyover to Munirka and from Jungpura in South east Delhi just at the begining of the flyover.last_img read more

After layoffs at local news stations CTV union calls on government to

TORONTO — A union representing more than 12,000 of Canada’s media workers is calling on the federal government to help support local news after CTV announced layoffs in three cities in Ontario.Bell Media spokesman Scott Henderson would not specify how many people lost their jobs, but said in an email that the company reduced a number of broadcast positions at local TV stations in Kitchener, London and Windsor.He said the move is part of a larger restructuring that began earlier this year and is a response to the challenges facing the media industry, including growing international competition and a tough advertising market.Unifor spokesman Howard Law said in a statement that more cuts are expected at CTV stations across Canada and the federal government should move quickly to review the industry, which it promised to do in the federal budget released last week.He said the government could help through regulatory and tax changes.The Liberal government said in its budget that it will review the Broadcasting Act and Telecommunications Act this year and that will include examining how to strengthen the future of Canadian media and content creation. read more