zoom Japan’s Nippon Yusen Kabushiki Kaisha (NYK Line) ended the first nine months of fiscal year 2017 with a net profit of JPY 16.8 billion, compared to a net loss of JPY 226.1 billion posted in the same period last year.For the period from April 1, 2017 to December 31, 2017 consolidated revenues amounted to JPY 1.63 trillion, rising by 15.3 percent from JPY 1.41 trillion reported a year earlier. NYK Line posted an operating profit of JPY 24.8 billion for the nine months, compared with operating loss of JPY 15.5 billion.Conditions in the maritime shipping market were positive overall during the nine-month period of the fiscal year ending March 31, 2018.In the container shipping market, an upswing in spot freight rates stalled somewhat as the total supply of tonnage remained at similarly high levels as the previous year. While shipping traffic was brisk along transpacific and European routes, the upswing in spot freight rates largely came to a standstill due to the impact of growing shipping capacity, caused by the production of new ultra-large container ships.In the dry bulk shipping market, although excess tonnage still exists, market conditions improved compared with the same period of the previous fiscal year owing to steady shipping traffic and the increased imports of iron ore to China.For the year ending March 31, 2018, NYK Line said that it expects its net profit to be at JPY 11 billion, while the revenues are forecast to rise by 12.9 percent to JPY 2.17 trillion.The company also revised its dividend forecast for fiscal year 2017 after determining that the company has sufficient prospects for regaining profitability. Although the payment of a fiscal year-end dividend had not been decided thus far, the company now plans to pay a year-end dividend of JPY 20 per share.In a separate release, NYK Line that it adopted a resolution on the changes to its representative director, effective as of March 31, 2018. Naoya Tazawa would take up the position of Director, moving from its present position of Representative Director and Executive Vice-President Corporate Officer, due to the changes of the new positions and responsibilities scheduled as of April 1, 2018.
The 2012 CCOVI Lecture Series continues this week with a free talk on the topic of sour rot.Wendy McFadden-Smith, CCOVI Professional Affiliate and Integrated Pest Management Specialist at the Ontario Ministry of Agriculture, Food and Rural Affairs (OMAFRA), will discuss “What we’ve learned about sour rot: An update on research”.This lecture takes place Wednesday, March 14 at 3 p.m. in IH313. Admission is free and everyone is welcome.The lecture will also be available via live webcast.
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OTTAWA — Even the family that pioneered efforts to protect the worlds’ oceans once believed you could throw garbage overboard without consequence.Jean-Michel Cousteau, environmental filmmaker and son of famed marine conservationist Jacques Cousteau, says when he was a small child and his father first took him scuba diving, they too believed the “ocean was a bottomless receptacle for whatever waste we didn’t want on land.”In a new 3D documentary, Wonders of the Sea, being released in Canada on Feb. 1, Jean-Michel Cousteau is hoping to show the rest of the world why that thinking is so wrong.The documentary comes as many countries, including Canada, are struggling to cut down on the garbage that is destroying the oceans, particularly single-use plastics like soda bottles, grocery bags and food packaging, and abandoned fishing nets and lines. Last year Canada tried to get the G7 nations to sign an anti-plastics charter aiming that by 2030 all plastics will be recycled, reused or burned for energy. Only five joined, with Japan and the United States opting out.Cousteau said plastics are an issue but so are chemicals, including pharmaceuticals that end up in the water. He also pointed to greenhouse gases, which the ocean absorbs, warming the water and acidifying it. In the process coral reefs, and the marine creatures that depend on them, are dying.In an interview with The Canadian Press, Cousteau said there are commendable efforts by world governments, including Canada, to tackle some of the problems, but much more has to happen.“We’re doing but we’re not doing enough,” he said. “We need to do a lot more. Everyone has to understand.”He said it’s not about criticizing people for their actions, but rather educating them about their impact, much as he had to be educated himself.“When I was a kid I was doing it too,” he said. “I had no knowledge, I had no education. I would throw things in the ocean just like everyone else would.”His eye-opening came when his own childhood playground, the harbour in Sanary Sur Mer in southern France, became dirtier, and the octopus and fish he loved to swim with started disappearing.“I was devastated to see where I grew up was being destroyed,” he said.The oceans, said Cousteau, are the difference between human survival and extinction. Phytoplankton, one-celled organisms that live on the oceans’ surface, produce half the earth’s supply of oxygen. It means, Cousteau notes in the film, “that every other breath you take is a gift from the ocean.”Likewise the oceans are part of the water cycle providing the other critical element to human survival.“We depend on the ocean, we depend on what’s in the ocean for the quality of life of every species whether it’s on land or in the ocean — and that is water,” said Cousteau. “No water, no life.”Cousteau said Canada’s ocean protection policies are notable, including its attempts to save the Southern Resident Killer Whales. Those whales, two of which are named after Cousteau’s famous father and his research vessel, Calypso, are dying out. No new calf has survived in the last three years.A new calf spotted in early January has a 50 per cent chance of surviving.The Liberal government in Canada has been criticized by many marine conservationists for pushing on with the new Trans Mountain pipeline expansion despite its potential impact on the whales. A Federal Court of Appeal decision last year tore up the government’s approval for the expansion partly because it didn’t consider the impact on the whales when giving the project the green light. Canada is now trying to redo the consultation process to prove it is taking steps to protect the whales.Cousteau did not wade into that debate directly, but he says oil is a problem for marine life, as are the thousands of boats that traverse their habitat every day.“I don’t want the oil industry to go out of business,” he said. “I want them to invest all their giant profits that they make into new sources of energy.”Mia Rabson, The Canadian Press
The Prince of Wales, President of Business in the Community was joined by his sons The Duke of Cambridge and Prince Harry earlier this week as he attended the annual responsible business awards.The Prince of Wales with The Duke of Cambridge and Prince Harry at the annual BITC Responsible Business AwardsCredit/Copyright: DukeAndDuchessOfCambridge.orgAs they arrived at the Royal Albert Hall for the evening event, they were greeted by hosts comedian David Walliams and F1 presenter Natalie Pinkham.Some 1,400 guests gathered for the event which featured performances by the Military Wives Choir and poet George Mpanga.The Prince of Wales, who is President of the Business in the Community (BITC) charity, gave a keynote speech and urged business leaders to create more training and job opportunities for former military personnel. “And that is in the opportunities available to our troops when they return home and seek employment outside the armed forces. Loyalty, integrity, teamwork and the ability to work calmly and with discipline and good humour under intense pressure are qualities that any business must surely value highly. ”However the transition is by no means easy, and we should not pretend it is, even for the able-bodied. For those who have been wounded, of course, the difficulties are greater still.” The Prince, who has served with the Royal Air Force and Royal Navy, added: “One of the biggest differences the corporate sector can make, is the development of the skills needed to fill the skills gaps and create the employment and economic independence that enable individuals to contribute fully to the community in which they live.“Employers must look for new ways to unlock talent – the extra steps they must take to find it and, most importantly, what they must do to ensure that their own practices do not disadvantage talented individuals because of the circumstances in which they find themselves.”His Royal Highness, who visited the flood-hit Somerset Levels earlier in the day, said more had to be done to create a “genuinely sustainable economy”. ”The prosperity of business and society and the whole of the natural environment on which we depend for our ultimate survival are intimately tied together. One cannot succeed without the other,” he said. “For the three of them to flourish we must create a more circular and genuinely sustainable economy. “The recent flooding events across Great Britain demonstrate how vulnerable our economies and communities can be. “I have seen the effects of this first hand, after floods in places like Braunton, Yalding and the Somerset Levels, which I revised only today, to see how people are recovering from the after effects.”During his speech, The Prince revealed that Marks and Spencer chief executive Marc Bolland would be the new Prince’s National Ambassador for Responsible Business. He will work with regional ambassadors to encourage responsible business practices across the UK.The awards, which celebrate companies that show innovation, creativity and a sustained commitment to corporate responsibility, are presented across 13 categories including the Responsible Business of the Year 2014.A Clarence House spokeswoman said: “For more than 30 years, The Prince of Wales has believed that being a responsible business goes far beyond the financial bottom line.“Through his charity, Business in the Community (BITC), established in 1982, His Royal Highness seeks to help businesses recognise their wider role in society and how they can help to tackle some of our most pressing social and environmental issues.”Source:DukeAndDuchessOfCambridge.org He said: “I want to look at a situation, which is just as big a concern to my sons as it is to me, where fortune very often does not favour the brave.