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Despite Headwinds, Contractor Confidence On Rise

first_imgBy Kinsey Cooper, Associated Builders and ContractorsWashington, D.C. – Associated Builders and Contractors’ Construction Confidence Index (CCI) shows confidence among nonresidential contractors increased slightly during the first half of 2013, despite sequestration and rising interest rates.“As the economic recovery enters its fifth year, nonresidential construction prospects continue to brighten,” said ABC Chief Economist Anirban Basu. “A variety of industries ranging from professional and health services to leisure and retail continue to add jobs, and vacancy rates in many product categories throughout the country are falling, creating new opportunities for developers and their contractors.”The CCI reflects three aspects of the U.S. nonresidential construction industry: sales prospects, profit margins and staffing levels. As a diffusion index, CCI readings above 50 indicate growth, while readings below 50 are unfavorable. Following are CCI indices for the first half of 2013 compared to the second half of 2012.·         Sales expectations rose from 62.3 to 63.·         Profit margin expectations slipped from 55.9 to 55.3.·         Staffing level expectations rose from 59.6 to 60.“While there is debate regarding the pace of economic expansion going forward, there seems to be little worry about another recession, implying that opportunities for contractors will continue to expand,” Basu said. “This helps explain the construction confidence readings, which have steadily expanded despite emerging reasons for concern—keeping roughly in lockstep with an ongoing gradual recovery that has averaged about 2 percent annual growth since the recession ended.”CCI for 2012-2013“Several events have impacted the gradual increase in confidence this year, including Detroit’s bankruptcy, rising interest rates, the nation moving closer to another debt ceiling debacle and softening in the housing market.” Basu said. “However, certain aspects of the economic environment have improved, including the availability of capital and the steady healing of state and local government budgets.“Overall, contractors are saying positive factors will outweigh negative ones, helping create an improved construction spending environment in 2014,” Basu said.Of the three aspects of the U.S. nonresidential construction industry CCI represents, all three are above the threshold value of 50 and two are up on a year-over-year basis. Profit margins was the only category that declined.“Contractors are likely to be busier next year, but profit margin growth will be constrained because of fierce competition. As a result, there will be substantial pressure to control costs, which implies hiring will continue to be soft, though the number of industry workers is set to expand next year,” said Basu.The following chart reflects the distribution of responses to ABC’s most recent surveys.last_img read more

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Cats Lifting Spirits Around Los Alamos: Meet Belle And Ed

first_imgBelle is a 7 year old domestic shorthair. She was adopted through the Santa Fe Animal Shelter. She loves to have her picture taken and lift spirits around Los Alamos. She is a member of theLynette, Joe and Dylan Cordell family. Courtesy photo Ed is a 6 years old domestic shorthair. She was found under a shed on Mother’s Day 2013. She was living with her mother and siblings. They were rounded up and taken to the Los Alamos Animal Shelter. Ed was adopted is still very shy around people she does not know but still does her best to lift spirits around Los Alamos. She also is a member of the Lynette, Joe and Dylan Cordell family. Courtesy photolast_img read more

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Management appointments for carbon capture business

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

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FSL Trust Management Adds MR Product Tanker

first_imgSingapore-listed shipowner FSL Trust Management Pte. Ltd. (FSLTM) has entered into a memorandum of agreement to purchase a 2007, Japanese-built, 45,998-dwt MR product tanker for USD 21.8 million as it pushes to improve revenues by 2016.The Trust said that it plans to finance the acquisition through existing cash reserves that totalled USD 41.8 million on 30 June 2015.The vessel is expected to be delivered to the Trust between 1 November 2015 and 31 January 2016, and is intended to be employed in the spot market through a first class commercial manager.FSLTM expects the acquisition to result in an annual cash-on-cash yield of 14.5% based on a conservative TCE of USD 16,500 per day over the next three years.Commenting on the acquisition, Chief Executive Officer of FSLTM, Alan Hatton said, “MR product tanker sector is a sector we know well and where we have achieved good results this year, both with vessels in the spot market and, now, on time charter. Moreover, this acquisition demonstrates the ongoing execution of our strategy, outlined earlier this year, to renew the fleet and generate incremental revenue ahead of the scheduled redelivery in 2016 of the Panamax containership vessels, currently on bareboat charter to Evergreen.”Underpinned by the continued improvement in the tanker market, the Trust recently secured new time charter agreements, worth up to USD 61 million over the next three years, for the Aframax crude oil tanker, FSL Shanghai and, MR product tankers, FSL Hamburg and FSL Singapore, with an unnamed commodities trader.“The financial performance of the Trust has improved dramatically in no small part due to the very effective redeployment of the vessels that had been returned to the Trust from defaulting charter parties. The Board is committed to ensuring that projected revenue stream, expenses and principal loan repayments will allow sustained distributions to unitholders in the near future,” Tim Reid, Chairman of FSLTM added.Upon delivery of the vessel, FSL Trust’s fleet will stand at 24 vessels, comprising seven containerships, 12 product tankers, three chemical tankers and two crude oil tankers.last_img read more

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Indonesian Navy Arrests Rogue Vier Harmoni

first_imgThe Indonesian Navy’s Western Fleet Quick Response Team (WFQR) of Tanjung Pinang Naval Base has found and arrested the product tanker Vier Harmoni off West Kalimantan, Indonesia. The Vier Harmoni, carrying 900,000 liters of diesel worth around USD 390,000, was reported missing on August 16, 2016, when it left the Malaysian Kuantan Port without paying a bond to the country’s authorities.The tanker was initially believed to be hijacked by pirates.However, later on it was revealed that the vessel was taken to international waters by its own crew, due to an internal dispute between the crew and the ship’s owner or charterer.The Indonesian Navy deployed assets, continuously searching for the tanker, according to Edi Sucipto, the navy’s representative.After it was found, the Vier Harmoni was escorted to the port of Tanjung Pinang. The vessel was expected to arrive at the port in the afternoon hours of August 25, local time.World Maritime News Stafflast_img read more

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Sponsors sign up for WDS 2020

first_imgNine months ahead of the World Demolition Summit (WDS) 2020, the number of sponsors adding their commercial support to the event is already in double figures.#*#*Show Fullscreen*#*# Volvo Construction Equipment has renewed its headline sponsorship of the World Demolition Summit for 2020Sponsorships are proving popular at all levels with a range of companies across demolition and recycling attracted by the WDS’s mix of conference, awards and networking events as the event heads to the (Germany-Austria-Switzerland) region for the first time.Volvo Construction Equipment, which has been involved with the summit from the first event in 2009, has renewed its headline sponsorship for November 11 and 12, while three of the four available gold packages have already been snapped up by OilQuick, Sennebogen and Steelwrist respectively.Current silver sponsors are Epiroc, Kocurek Excavators and Mantovanibenne, with Genesis, Kobelco and Rotar taking the bronze option.Rusch Cranes is sponsoring the network drinks, Demarec the awards reception, Fortress by Shearcore the evaluation forms, and we are delighted to welcome Austrian publication Ӧsterreich Baublatt as a media partner alongside our sister KHL titles Construction Europe and International Construction.“There is no better way to promote your company, products and services – and network with key decision makers in the demolition industry – than by signing up for a WDS sponsorship,” said WDS commercial manager Bridget Leary.#*#*Show Fullscreen*#*# Vienna’s Austria Trend Hotel Savoyen will host the WDS this year“There is a range of possible options depending on your budget – and the earlier you commit, the more you will be able to benefit from an extensive publicity campaign ahead of the event itself.”For more details, please contact Bridget on +44 1892 786220 or e-mail bridget.leary@khl.comThe WDS is organised by Demolition & Recycling International in cooperation with the European Demolition Association and with the support of the US National Demolition Association.More details  – including a video of highlights of the 2019 event in Boston, USA, which attracted a record 453 delegates – are at www.demolitionsummit.comlast_img read more

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Gleaners mobile food pantry returns to Farmington Hills

first_img Farmington Voice Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Pinterest (Opens in new window) CARES of Farmington Hills will host a May 29 mobile food pantry for households with children in Farmington, Farmington Hills and surrounding cities.Sponsored by Gleaners Community Food Bank, the drive-thru distribution will be open 3-6 p.m. at the CARES campus, 27835 Shiawassee Rd. There’s no need to make an appointment, and you do not have to be registered with CARES.To get to the event, turn onto Sedalia Ave. from Inkster Road, and follow Sedalia to Colwell Street, where you’ll line up heading north. Volunteers will direct you as you get closer to the site.Stay in your vehicle, and groceries will be placed in your trunk. If you don’t have a vehicle, be prepared to carry 20-30 pounds of groceries, or bring a cart.To learn more about the mobile pantry, follow CARES on Facebook. To support CARES with a cash donation, visit caresfh.org/donate/. Reported bylast_img read more

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Stress Karena Antrean di Bandara? Ternyata ini Penyebab dan Solusinya!

first_imgKendati sudah ada beragam teknologi canggih yang siap melancarkan antrean di bandara – seperti self-check-in hingga self-service bag drops, namun itu sejatinya hanya akan berjalan jika tidak ada kesalahan dalam pengaplikasiannya. Lalu, bagaimana jika ada kesalahan dalam pengoperasiannya? Ya, ujung-ujungnya antrean penumpang akan tersendat juga.Mungkin dengan menampilkan informasi tentang apa yang membuat satu barisan tersendat akan menjadi jawaban untuk persoalan di atas, namun, solusi ini baru bisa diterapkan setelah antrean terjadi – kasarnya mengobati, bukan mencegah.Ada lagi solusi lain yang dapat digunakan untuk mereduksi tingkat kecemasan dan kegelisahan penumpang selama berada di antrean bandara, yaitu dengan menggunakan kamera 3D. Ya, kamera 3D tidak bisa dipungkiri mampu memberikan tingkat akurasi yang tak tertandingi untuk statistik penghitungan orang dan perkiraan tenggat waktu. Tapi solusi ini tidak cocok untuk mengukur bagaimana pergerakan orang yang sedang mengantre dalam satu proses (seperti antrean konter check-in atau antrean imigrasi).Baca Juga: Bicara Kompensasi Saat Terjadi Delay Ada di Peraturan Menteri PerhubunganMelihat hal ini, solusi terbaik untuk menghilangkan kegelisahan penumpang di antrean bandara adalah dengan cara menggabungkan beberapa teknologi yang ada di sana. Penggabungan teknologi Internet of Things (IoT) untuk mengumpulkan data yang diperoleh dari berbagai sensor dipercaya merupakan solusi paling efektif untuk problematika semacam ini.Para peneliti percaya bahwa solusi ini dapat menghilangkan blind-spot yang ada di bandara dan diharapkan dapat mereduksi kegundah-gulanaan penumpang di antrean.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Like this:Like Loading… RelatedBetter Airport, Sistem Baru Atasi Antrean di Bandara Luton29/04/2017In “Bandara”Bandara London dan YouGov Survei 2000 Penumpang dan Temukan Beragam Masalah26/12/2018In “Bandara”Manchester, Bandara dengan Waktu Pemeriksaan Keamanan Paling Lama di Inggris17/10/2019In “Bandara” ilustrasi antrian penumpang di bandara. Sumber: v-count.com Dapatkan Anda membayangkan bagaimana jadinya jika langkah Anda menuju ke gerbang keberangkatan mesti tertahan karena antrean yang ada di bandara? Entah itu antrean di konter check-in atau antrean pemeriksaan keamanan yang berlapis. Tentu saja hal semacam ini bisa membuat Anda gusar sekaligus tidak nyaman. Bahkan, tidak sedikit dari Anda yang akan bertanya-tanya, “Apakah yang sebenarnya terjadi di ujung antrean sana? Berapa lama lagi kami harus menunggu?”Baca Juga: Bosan Antri Lama di Bandara, Begini Cara Cepat Ambil Barang di Klaim BagasiTernyata, tidak sedikit calon penumpang yang berspekulasi tentang apa yang terjadi di barisan paling depan. Seperti yang dilansir KabarPenumpang.com dari laman internationalairportreview.com, bukan melulu antrean panjang yang membuat penumpang stress, melainkan karena mereka sejatinya tidak mengetahui apa yang terjadi di ujung antrean. Beragam studi yang berkenaan dengan psikologis penumpang sudah pernah dilakukan, dan semua hasilnya mengerucut pada ketidaktahuan akan hal yang terjadi di baris depan merupakan penyebab utama penumpang menjadi stress.last_img read more

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Fukuhara, mate notch doubles title

first_img GET THE BEST OF THE JAPAN TIMES IN FIVE EASY PIECES WITH TAKE 5 Teenager Ai Fukuhara and her partner Ryusuke Sakamoto won the mixed doubles title at the national championships on Thursday.Fukuhara, ranked 13th in the world, and Aomori University student Sakamoto defeated Yuji Taniguchi and Kaori Ohashi 11-6, 14-16, 11-4, 8-11, 11-8 in the final at Tokyo Metropolitan Gymnasium.center_img The pair won five consecutive points from 8-6 down in the final game to capture their first title in two years and second overall. “I wanted to win this mixed doubles title very badly, so I’m pleased,” the 18-year-old Fukuhara said. last_img read more

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Tammy Abraham Opens Up On Decision To Join Nigeria

first_imgThe Premier League’s current leading goalscorer Tammy Abraham has left the door open to joining up with the Super Eagles of Nigeria, putting England on their toes over his future, according to Goal.England manager Gareth Southgate will be sweating on losing the player he called up in November 2017, but has still only played in friendly matches, which leaves Abraham the option to switch national teams allegiances.The 21-year-old, who was born in London, qualifies for the Super Eagles through paternal lineage. This season’s current joint-top scorer left the door open to Nigeria after he stole headlines with a hat-trick in a 5-2 win away to Wolves.“Yes, I have heard the talk. I have not really been focused on that yet,” Abraham said at Molineux Stadium. “I think when the time comes, the times comes. It is about focusing on Chelsea and hopefully scoring goals and getting victories.“We never know. You can never say never, whatever comes first really. I just have to keep full focus on Chelsea. It has been a good day at the office for the boys and me. Coming here is never easy. We played well, thankfully, I scored three and we got the three points.”Chelsea’s 11 league goals have all come from homegrown players like Mason Mount and Fikayo Tomori, who is also eligible to play for the West African nation, also got on the scoresheet in the midlands.The trio walked off the pitch arm-in-arm on Saturday as Abraham held onto the match ball after he became the youngest Chelsea player to score a hat-trick. However, the homegrown star’s Chelsea dream may not have come to fruition as he nearly moved to Wolves in January after the Blues accepted a £25 million ($31m) offer.With Super Eagles manager, Gernot Rohr looking to fortify his squad ahead of the 2022 World Cup in Qatar, Tammy comes in from a large pool of potential players who fit the kind the Franco-German is looking to include in his squad.The coach, however, has come under criticism despite Nigeria’s third-place finish at 2019 Africa Cup of Nations held in Egypt early in the summer and a near impressive outing against Ukraine in an international friendly with a relatively young squad.Following the retirement of 2019 AFCON Golden Boot winner Odion Ighalo, Nigeria are looking to get all possible talent within its reach to fill his place. However, Tammy will have to compete with Lille’s Victor Osimhen who is also currently enjoying a great start in his first season in the French Ligue 1 should he decide to switch allegiance to his father’s land.Relatedlast_img read more