Finance and Public Service Minister, Dr. the Hon. Nigel Clarke (left), speaks with JN Fund Managers Limited Deputy General Manager, Jermaine Deans, during a courtesy call at the Ministry’s National Heroes Circle offices in Kingston on Tuesday (December 11). Dr. Clarke and Mr. Deans discussed JN Fund Managers’ $7-billion debt refinancing of the Petroleum Corporation of Jamaica (PCJ)-run Wigton Wind Farm in Manchester, which is earmarked for divestment and is being prepared for listing on the Jamaica Stock Exchange (JSE). Finance and Public Service Minister, Dr. the Hon. Nigel Clarke (second right), converses with JN Fund Managers Limited Deputy General Manager, Jermaine Deans (second left), during a courtesy call at the Ministry’s National Heroes Circle offices in Kingston on Tuesday (December 11). Dr. Clarke and Mr. Deans discussed JN Fund Managers’ $7-billion debt refinancing of the Petroleum Corporation of Jamaica (PCJ)-run Wigton Wind Farm in Manchester, which is earmarked for divestment and is being prepared for listing on the Jamaica Stock Exchange (JSE). Listening (from left) are Managing Director of the Development Bank of Jamaica (DBJ), which is piloting Wigton’s preparations for JSE listing, Milverton Reynolds; and Wigton Chairman, Duane Smith, who accompanied Mr. Deans.
zoomImage Courtesy: APM Terminals Terminal operator APM Terminals Gothenburg has launched The Gothenburg Gateway, a new concept in Swedish logistics.With this move, the company ensured that a container placed on a freight train anywhere in Sweden is loaded onto a large ocean-going vessel within 48 hours. Additionally, the approach is expected to reduce the transit time to Shanghai by at least a week.The Gothenburg Gateway combines fast, efficient freight trains from all over Sweden to Gothenburg, an efficient container port that loads between trains and ships, as well as more ocean-going vessels calling the port.“Via The Gothenburg Gateway it should take a maximum of 24 hours to reach Gothenburg by freight train, and a maximum of 48 hours in total to place a container on an ocean-going vessel,” Henrik Kristensen, CEO APM Terminals Gothenburg, said.Asian markets one week closer“We analyzed how long it takes for a container to reach Shanghai – an important Asian market for Sweden. The Gothenburg Gateway will help reduce this time by at least one week, as well as offering an efficient and climate-smart solution.”In the future, APM Terminals wants to service Sweden with three ocean-going vessels per week in order to provide the most competitive delivery solution.“We now want to take the next step and further develop our port, develop logistics to and from the port, and develop logistics solutions around the port,” continues Kristensen.“The Gothenburg Gateway is a concept to ensure future growth for Swedish industry and trade,” he concludes.During the launch of the concept, the mayor of Gothenburg, Axel Josefson, said that he believed the initiative in Gothenburg should be given priority. He emphasised the importance of planned investments for dredging and the rail network happening as soon as possible.
Noida (UP): Two people robbed a cab driver of his car in Greater Noida, but police recovered the vehicle in 40 minutes and arrested one of the perpetrators after an encounter in the early hours of Monday, officials said. The victim, was a driver with taxi-aggregator Ola, and the robbery took place around 1:35 am near D Park, which falls under the Ecotech-3 police station area, they said. The armed robbers fled with the Delhi-registered cab, a Swift Dzire, towards Bhatta, under the Surajpur police station. Also Read – After eight years, businessman arrested for kidnap & murder Personnel at the station were alerted and they chased the accused, recovering the vehicle from the Bhatta roundabout in Greater Noida around 2:15 am following an exchange of fire, Senior Superintendent of Police (SSP), Gautam Buddh Nagar, Vaibhav Krishna, said. One of the robbers Tarun Guatam, a native of Agra, was seriously injured in the encounter and he has been hospitalised, the officer said, adding that Gautam’s accomplice managed to escape. The SSP said a firearm along with some ammunition was recovered from his possession. Searches are underway to nab the other robber and a case is being registered, he said. The officials said almost a dozen alleged criminals, including contract killers and those accused in loot and murder cases, were arrested after nine encounters with the police during last week in Noida and Greater Noida.