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Subscribe to Building today and you will benefit from:Unlimited access to all stories including expert analysis and comment from industry leadersOur league tables, cost models and economics dataOur online archive of over 10,000 articlesBuilding magazine digital editionsBuilding magazine print editionsPrinted/digital supplementsSubscribe now for unlimited access.View our subscription options and join our community To continue enjoying Building.co.uk, sign up for free guest accessExisting subscriber? LOGIN Get your free guest access SIGN UP TODAY Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.Limited access to building.co.ukBreaking industry news as it happensBreaking, daily and weekly e-newsletters Subscribe now for unlimited access
The shipowners organisation said work on the clauses is close to completion and final drafts will be presented to BIMCO’s documentary committee for adoption on December 5. “The subcommittee’s aim has been to draft clauses which are designed to reduce uncertainty and help avoid disputes. I am confident that we have achieved this goal by using an objective test on sanctioning,” said Alan Mackinnon, chief claims officer, UK P&I Club and chairman of the sanctions subcommittee.BIMCO said the two key features dealt with by the clauses are: the effect of one of the parties becoming subject to sanctions, and the right of the “innocent/non-affected” party to terminate the charter party and/or claim damages; and the consequences of sanctions affecting the immediate voyage, depending if cargo has already been loaded or not.The drafting team comprises sanctions experts from Oldendorff Carriers and Cargill, the UK P&I Club, the Swedish Club, the North and the International Group secretariat and legal advisors from Crowell & Moring.www.bimco.org
Lawyers are calling for Serious Fraud Office (SFO) funding to be guaranteed ahead of tomorrow’s London anti-corruption summit, while the legal and accountancy professions have issued a joint pledge to boost monitoring and enforcement.The summit, hosted by prime minister David Cameron, will be attended by government officials from around the world.However lawyers warned that the government must commit funding as well as words of support to bodies that help to tackle corruption.Stephen Parkinson, head of criminal litigation at London firm Kingsley Napley, said that a spotlight on the issue is not enough to drive out corruption and called on the government to guarantee funding for the SFO.He said: ‘Without effective resources for law enforcement such high-level political ambition will not be translated into effective investigation and prosecutorial action.’ He said that guaranteeing the recent funding package on a permanent basis would signal its ‘total commitment to fighting corruption on a practical, as well as a rhetorical level’.Meanwhile, Barry Vitou (pictured), partner and head of global corporate crime at international firm Pinsent Masons, also called for increased funding to ensure law enforcement agencies have the resources to tackle corruption and white-collar crime effectively.He noted that in the past three years the SFO has had to request almost £80m in additional funds. ‘Corrupt businesses and bribe-seekers have no such limits on their activities,’ he added.He also encouraged government to give businesses who ‘self-report’ corruption immunity from prosecution in certain limited circumstances and called for cash incentives for whistleblowers. Meanwhile legal and accountancy bodies, including the Law Society, the Institute of Chartered Accountants and the Society of Trust Estates and Practitioners pledged to continue their work to tackle bribery, corruption, money laundering and tax evasion.Law Society president Jonathan Smithers said: ‘The UK has a leading role to play in tackling this blight. We already have some of the toughest anti-money laundering rules and the profession of solicitors along with accountants and others stand united against corruption in all forms.’Michael Izza, chief executive of the ICEAW, said: ‘Corruption does not just enrich criminals, it does untold damage to society and business by undermining trust. This is why professional bodies work with national and international regulators and law enforcement to support our members’ efforts to combat all forms of financial crime.’
CANADA: A self-propelled track geometry vehicle formed by installing state-of-the-art electronic inspection equipment in a Budd RDC has been delivered to Canadian National.This car was rebuilt for CN by US firm Gateway Rail Services, and now contains equipment produced by Ensco for the monitoring of curvature, alignment and levels. It is the first CN vehicle to be fitted with high speed cameras and optical recognition software which can detect flaws in rail joints. ‘Maintaining proper track geometry is integral to safe train operations,’ said Paul Miller, CN’s Chief Safety & Transportation Officer. ‘The acquisition of the new vehicle will permit us to increase the amount of in-house main line track geometry testing across our network. We take quality track seriously. Of CN’s C$1·5bn capital budget this year, C$1·1bn is focused on track infrastructure.’
Australia: John Holland, CPB Contractors and Aecom have been awarded a A$215m contract to undertake platform extension, power upgrading and other works as part of a A$2·1bn of upgrade of Melbourne’s 39·5 km Sunbury suburban line.Bulgaria: NRIC has awarded the Ertms CA Voluyak DZZD consortium of AER and CAF Signalling a contract to design and supply ETCS Level 1, GSM-R and electronic interlockings for the 12 km route from Sofia’s main station to Voluyak.Canada: Mosaic Transit Group has awarded London Trackwork Inc a contract to supply turnouts, crossovers and point machines for the Finch West light rail project in Toronto.Czech Republic: AŽD Praha is installing ETCS Level 2 on the 108 km Česká Třebová – Přerov route at a cost of KC386m, and on the 54 km Praha-Uhříněves – Votice section of Corridor 4 at cost of KC211m.Latvia: RB Rail has awarded IDOM and Ineco a €13m contract for detailed design and construction supervision for 56 km of the Rail Baltica route through Riga. Egis, DB Engineering & Consulting and Olimps have been awarded a €12m contract covering another 67 km.Poland: PKP PLK has awarded Colas Rail Polska a €43m contract to upgrade a 8·5 km section of route E59 between Słonice and Choszczno.Pro-Tra-Building has won a 31m złoty contract to build a 1·5 km extension of the Wrocław tramway to Nowy Dwór.Slovenia: The Ministry of Infrastructure has awarded a consortium of CAF Signalling and local company Iskra a contract to design, supply, install and commission electronic interlockings and other signalling equipment to replace relay-based technology on the 117 km route between Zidani Most and Sentilj.Spain: ADIF has awarded a consortium of Thales and CAF Signalling a contract to supply and maintain signalling equipment for the La Encina – Xátiva – Valencia section of the Mediterranean Corridor. This includes ETCS levels 1 and 2, interlockings and train detection, protection and traffic control systems, power supplies, and telecoms for both broad gauge and future standard gauge services. The contract includes 25 years of maintenance on the 1 435 mm gauge, and 20 years on the 1 668 mm gauge.ADIF has awarded Belgorail and ECA a 48-month contract to undertake interoperability verification of infrastructure, power, signalling and control systems on the 170 km Murcia – Almería section of the Mediterranean Corridor.Sri Lanka: A US$91·3m Indian-financed contract for modernisation of the 130 km Maho – Omanthai line was signed by the government and Ircon on July 18. The 36-month project will raise the line speed from 60 km/h to 120 km/h and eliminate 40 km/h restrictions, while reducing maintenance costs.UK: Tyne & Wear transport authority Nexus has appointed Mott MacDonald to undertake demand modelling studies for potential rail and metro network extensions. Mott MacDonald, Turner and Townsend Project Management and WSP UK have been appointed to support the technical feasibility studies.Network Rail has awarded Story Contracting a £4m contract to design and build Horden station in County Durham.USA: Sound Transit has selected Parsons as lead designer for Seattle’s Federal Way Link Extension project, working as part of a team led by Kiewit Infrastructure West Co which was awarded a design-build contract earlier this year.ExxonMobil and Sabic have appointed Savage to design, build and operate a terminal to handle polyethylene traffic at the Gulf Coast Growth Ventures petrochemical plant in San Patricio County, Texas, which they plan to open in 2022. Savage will provide shunting, wagon washing, loading and repair services as well as facilities maintenance.As part of the $870m Pier B On-Dock Rail Support Facility project to expand rail capacity at the Port of Long Beach, the Board of Harbor Commissioners has awarded HDR Engineering a $39m five-year contract for engineering design services and Hill International a $18m contract for programme management and real estate services.California High-Speed Rail Authority has issued a request for qualifications for its $1·6bn Phase I Track & Systems contract, covering design, construction and testing of the track, electrification, signalling, train control and other railway systems for the 190 km route between Merced and Bakersfield in the Central Valley, followed by 30 years of maintenance of the railway systems and the underlying civil works.
EF Games will bring you news of the PlayStation Plus titles for January 2020 towards the end of December. Remember to make sure you’ve added the titles for November to your collection before the new games arrive.Let us know what you think of the PS Plus games for December as well as your wishes for January via our Twitter and Facebook pages. Remember to give us a Follow or a Like while you’re there! PS Plus featured a brilliant selection of titles for PlayStation Plus subscribers in November. The highlight for us was the excellent Nioh but Outlast 2 was also well worth a look.PS Plus games always arrive on the first Tuesday of the month. That means that the last batch of free games for 2019 will arrive on Tuesday, 3rd December. Remember that since March, PlayStation Plus subscribers can continue to download at least two titles each month for PS4 but new games for PS3 and PS Vita are no longer added. In December, players on PS4 can grab free copies of two games – Titanfall 2 and Monster Energy Supercross. If you haven’t played it yet I highly recommend downloading Titanfall 2 which has a wonderful single player campaign as well as superb online multiplayer.Also, for PS VR owners, December features a Limited Free Trial / Double XP week for Firewall Zero Hour – just for PS Plus members! The Limited Free Trial will be available on PlayStation Store from 3rd December (4pm GMT) to 9th December (4pm GMT). Players can squad up and dive straight into battle—testing out the latest maps, weapons, and equipment. Complete missions, earn rewards, and level up with Double XP!To recap:Leaving PS Plus on 3rd December:Nioh (PS4)Outlast 2 (PS4)Entering PS Plus on 3rd December:Titanfall 2 (PS4)Monster Energy Supercross (PS4)
wikipedia On this day in Caribbean history, October 5, 1948, Delroy George Wilson, a Jamaican ska, rocksteady and reggae singer, regarded as Jamaica’s first child star, was born.Delroy Wilson began his recording career at the age of thirteen, while still a pupil at Boys Town Primary School. Wilson released his first single “Emy Lou” in 1962 for record producer, Clement “Coxsone” Dodd. His early years with Coxsone yielded a number of ska hits, the biggest of which, the Lee Perry-written “Joe Liges” was an attack on rival producer and former Dodd employee Prince Buster. This was followed by another Perry-written attack on Buster, “Spit in the Sky”. Further singles followed, including “One Two Three”, “I Shall Not Remove”, “Look Who Is Back Again” (a duet with Slim Smith), and another anti-Buster song, “Prince Pharaoh”, notably the only record featuring the voice of Dodd himself.His voice matured as he left his teens, around the time of ska’s transition to rocksteady and this period in the late 1960s produced many hits including one of the first rocksteady records, “Dancing Mood”, “Jerk in Time” (with the Wailers), “Feel Good All Over”, “I’m Not a King”, “True Believer in Love”, “Rain From the Skies”, “Conquer Me” and “Riding for a Fall”. “Won’t You Come Home”, a duet with Ken Boothe on a rhythm originally cut by The Conquerors for Sonia Pottinger has become one of the most-versioned Jamaican tracks ever. After leaving Studio One he recorded for other labels, with varying degrees of success, and set up his own short-lived W&C label. He enjoyed success with Bunny Lee in the late 1960s and early 1970s with tracks such as “This Old Heart of Mine”, “Footsteps of Another Man”, and “Better Must Come”. His double A-side “It Hurts”/”Put Yourself in My Place” was a skinhead favourite and narrowly missed UK chart success. He recorded a version of “Run Run”, a song he had originally recorded for Dodd, for maverick producer Keith Hudson.In 1972, Michael Manley’s People’s National Party chose Wilson’s “Better Must Come” as their election campaign song. The same year saw the release of one of his most popular songs, “Cool Operator”, which became his nickname. He worked with a string of producers in the years that followed, including Joe Gibbs (“Mash Up Illiteracy”, “Pretty Girl”), Gussie Clarke (“Love”), Winston “Niney” Holness (“Rascal Man”), Harry J (“Ask The Lonely”), and Joseph Hoo Kim (“It’s a Shame”).
Chicago: Land values continue mostly downward trendThird-quarter 2016 farmland values in the Federal Reserve Bank of Chicago district remained on a mostly downward trend, although year-over-year values increased slightly in Indiana and Wisconsin. David Oppedahl, business economist, summarized land values and credit conditions in the Chicago bank’s latest AgLetter. The district covers all or portions of Illinois, Indiana, Iowa, Michigan and Wisconsin.advertisementadvertisementDistrictwide, it marked the fourth straight quarter of year-over-year farmland value declines—the first time for such a streak since 1986–87. The sharp decline in Michigan may be related to poor growing season weather, compared with nearly ideal conditions and record corn and soybean yields in the rest of the district.Only 1 percent of survey respondents expected farmland values to rise during the fourth quarter of 2016, while 58 percent expected them to move lower. Farm lenders forecasted weaker farm and non-farm demand for farmland this fall and winter compared with a year ago. A lack of available properties for sale may be playing a role in keeping farmland values from dropping faster.Quarterly average interest rates on variable-rate farm loans were the lowest of 2016. Interest rates on operating and feeder cattle loans moved lower in the third quarter of 2016, but rates for agricultural real estate were unchanged.Ag credit conditions deteriorated once more, yet not all indicators were negative. Repayment rates for non-real-estate farm loans were down, and loan renewals and extensions were up. Demand for non-real-estate loans was a bit more pronounced than in the prior quarter. Loan collateral requirements tightened relative to the third quarter of the previous year.With lower prices, livestock and dairy operators faced a tougher environment during the quarter, falling short of production costs. Compared with a year ago, cattle prices were down 21 percent, while milk prices were down 0.8 percent. Survey respondents expected both crop and livestock operations to struggle in terms of net cash farm earnings this fall and winter, a second year in a row with a negative outlook.advertisementNearly two-thirds of survey respondents anticipated forced sales or liquidations of farm assets among financially distressed farmers would increase in the next three to six months relative to a year earlier.Dallas: Land values mostly higherThird-quarter 2016 changes in land values varied but were mostly higher in the Federal Reserve Bank of Dallas district, covering all or portions of Texas, New Mexico and Louisiana.Irrigated land values rose the most, up 7.2 percent over the previous quarter. Ranchland values were up 6.5 percent, and dryland values were up 5.6 percent. Ranchland and dryland values also increased year over year, while irrigated land values were mostly unchanged from a year earlier.Across all land types, strongest gains were in the low plains, northcentral and central Texas. Cropland value weakness was seen in the high plains of Texas and northern Louisiana. Survey respondents expect farmland values to trend down in the upcoming months, citing poor crop production, low commodity prices and concern about the economy.Fixed-rate and variable-rate loan interest rates were mostly lower, with rates on long-term real estate loans the only exception.Loan renewals and extensions continued to increase as loan repayment rates continued to decline. Credit standards continued to tighten. Compared to a year earlier, demand for operating loans continued to increase. All other loan categories fell in volume.advertisementKansas City: Farm debt on the riseLow commodity prices continued to weigh on farm sector profits, credit conditions and farmland values in the Federal Reserve Bank of Kansas district. The region covers Colorado, Kansas, Nebraska, Oklahoma, Wyoming, the northern half of New Mexico and the western third of Missouri.The value of each type of farmland—nonirrigated cropland, irrigated cropland and ranchland—fell more than 6 percent from a year ago, with sharpest declines in Kansas, Nebraska and Oklahoma. It was the sharpest year-over-year reduction in the value of each type of farmland since the mid-1980s, noted report authors Nathan Kauffman and Matt Clark. Exceptions to declines were the value of nonirrigated cropland in western Missouri and irrigated cropland in Mountain States.Similar to farmland values, cash rental rates for both cropland and ranchland decreased in the third quarter. Cash rent for both irrigated and nonirrigated cropland was down nearly 10 percent from a year ago.Although variable interest rates for operating, machinery and farm real estate loans generally remained low, each increased in the third quarter. Fixed interest rates for machinery loans also rose, whereas fixed interest rates for operating loans edged lower; interest rates for farm real estate loans were mostly steady.Reduced farm income has continued to weaken credit conditions and increase outstanding farm debt. Demand for farm loans, as well as renewals and extensions, increased in the third quarter. Operating loans as a percentage of total loans is on the rise. Loan repayment rates declined.Although defaults on farm loans remain low, survey respondents reported an increase in the number of farm borrowers on their “watch list” and a notable increase in the amount of collateral required to obtain farm loans. In many cases, agricultural lenders increasingly have relied on farm borrowers’ real estate as a source of collateral for other agricultural loans.The decline in farm income has taken a bigger bite out of farm borrowers’ working capital and could result in some borrowers becoming more highly leveraged as they continue to try to support operations through short-term financing. Capital and household spending continued to decrease.St. Louis: Land values steady, but cash rents lowerDespite continuing pressures from lower farm incomes, third-quarter 2016 farmland values were steady to slightly higher in the area covered by the Federal Reserve Bank of St. Louis. The district covers all or parts of Arkansas, Illinois, Indiana, Kentucky, Mississippi, Missouri and Tennessee.Cash rents for both quality farmland and ranch or pastureland declined modestly in the quarter. More bankers expect land values and cash rental rates to decline over the final quarter of 2016.Interest rates on fixed-rate operating loans were unchanged in the third quarter, while rates on fixed-rate loans for machinery and other intermediate-term investments fell. In contrast, interest rates on fixed-rate farm real estate loans rose.For variable-rate loans, rates fell modestly for operating loans, but increased slightly for machinery and other intermediate-term investments and farm real estate loans.More bankers continue to report that falling farm income is pressuring farmers to trim their household expenditures and farming- and ranching-related capital outlays.With lower incomes, loan demand was up and loan repayment rates were slower, especially for operating lines of credit. More than half of bankers reported that operating loans were expected to have the largest repayment problems going forward. A little more than half of the survey respondents said farmers will be required to provide additional collateral to cover the unpaid portion of their operating line of credit. Regional land values are a mixed bag, but unless there’s a fourth-quarter comeback, Federal Reserve bankers have widespread farm income and credit worries. Dave NatzkeEditorProgressive DairymanEmail Dave Natzkedave@progressivepublish.com
The University of California San Diego (UCSD) and ETS-Lindgren have announced a research and development (R&D) collaboration to address emerging fifth generation (5G) and mmWave wireless technologies. With the proliferation of wireless technology into every corner of our lives, starting with traditional cellular and wireless LAN technologies and leading to the impending evolution of autonomous vehicles and the “Internet of Things,” 5G and the corresponding mmWave technology will become a reality in the near future. Modern “smart antennas”, such as advanced adaptive antenna systems, will enable the much faster data communication speeds required of tomorrow’s 5G wireless devices. However, these new antennas pose unique challenges to designers and manufacturers of wireless devices, largely due to the beam forming capabilities which are now required for increasingly faster communication speeds. To address these challenges, ETS-Lindgren provided UCSD with a portable test enclosure for 5G and mmWave device R&D, to be used under the guidance of Professor Gabriel M. Rebeiz.Professor Rebeiz, the Wireless Communications Industry Chair at UCSD, is well-known as one of the fathers of silicon RFIC phased-arrays. Since 2001, he has taken this technology from its infancy to SATCOM phased-arrays, 60 GHz base-station phased-arrays, automotive radar phased-arrays, and now, 28 GHz and 39 GHz 5G systems. He and his team of Ph.D. students will use ETS-Lindgren’s portable test enclosure, Model AMS-5700, to gather performance test data on the design of their phased-arrays. ETS-Lindgren also provided its industry-leading EMQuest Antenna Measurement Software to efficiently provide a range of fully parameterized test methods for measuring basic antenna performance metrics, as well as testing radiated performance of various wireless technology devices, including the different 5G technology variants from mmWave radios to Massive MIMO base stations. The IEEE San Diego Section will feature an educational 5G seminar on Tuesday, May 21, 2019, at UCSD. Speakers include Professor Rebeiz and Dr. Michael Foegelle, Director Technology Development with ETS-Lindgren. Following the presentations, attendees will be able to tour the 5G lab at UCSD and witness a demonstration using the AMS-5700.Click here for more information on the 5G Antenna Test Solution.