Tag: politics

Germany First Lady Elke Budenbender Christens Berlin Express

October 4, 2023 / WIL BALDWIN

Hapag-Lloyd AG (Frankfurt: HLAG) has officially welcomed into its fleet the “Berlin Express”, the first ship of its new Hamburg Express class. At an event attended by some 300 guests from business and politics, naming patron Elke Büdenbender performed the ceremonial christening of the ship at the Container Terminal Burchardkai (Athabaskakai) in the Port of Hamburg. Among the guests were Peter Tschentscher, the First Mayor of Hamburg, and Daniel Günther, the Minister President of Schleswig-Holstein.

The Hamburg Express class will mark the beginning of a new era for Hapag-Lloyd and its fleet. In total, a dozen state-of-the-art large container ships will be put into service by 2025. Together, these vessels will make an important contribution to Hapag-Lloyd’s efforts to operate its entire fleet in a climate-neutral manner by 2045. Thanks to their cutting-edge dual-fuel technology, they will also be able to operate using non-fossil fuels, such as bio-methane and e-methane, and thereby generate hardly any CO2 emissions.

For the time being, liquefied natural gas (LNG) will be used, which will reduce CO2 emissions by up to 25 percent and soot emissions by 95 percent. In addition, advanced components – such as an optimised hull and a highly efficient propeller – will help the vessels to reduce fuel consumption and thereby greenhouse gas emissions.

The “Berlin Express” was built at the Hanwha Ocean shipyard in South Korea. With a length of almost 400 metres and a capacity of 23,600 TEU, it is the largest cargo ship ever to sail under German flag. The container ships in the Hamburg Express class will exclusively operate on the cargo-intensive Far East route between Asia and Europe. The “Berlin Express” will operate regularly on the FE3 service, which sails between Ningbo and Hamburg, via Xiamen, Kaohsiung, Yantian, Hong Kong, Singapore and Rotterdam.

Olivier Dassault Passes Away at Age 69 in a Helicopter Accident on March 7, 2021

March 8, 2021 / WIL BALDWIN

Saint-Cloud, France, March 8, 2021 – It is with great sadness that we learned of the death of Olivier Dassault, at the age of 69, in a helicopter accident on 7 March 2021. An aviation enthusiast, like his grandfather Marcel Dassault and his father Serge Dassault, he was always keenly interested in developing the business of our company. He was born on 1 June 1951 in Boulogne-Billancourt. He was an engineering graduate from the Ecole de l’Air, held a DEA diploma in Mathematical Decision Sciences and a Doctorate in management computing.

He was born on 1 June 1951 in Boulogne-Billancourt. He was an engineering graduate from the Ecole de l’Air, held a DEA diploma in Mathematical Decision Sciences and a Doctorate in management computing. Following his solid scientific training, Olivier Dassault’s first steps in professional life helped him to gain experience of the communication sector, notably as a film producer and then by creating his own advertising agency.

He was a professional pilot since 1975, and jointly held world speed records – with Hervé Le Prince-Ringuet in 1977 from New York to Paris on a Falcon 50 and in 1987 from New Orleans to Paris on a Falcon 900 – and with Guy Mitaux-Maurouard and Patrick Experton in 1996 on a Falcon 900EX from Paris to Abu Dhabi and Paris to Singapore.

In 1986, his father Serge Dassault entrusted him with a number of roles and responsibilities within the Dassault company, appointing him Deputy Vice-President for Europe Falcon Service, and then Vice-President of Civil Aircraft Strategy in 1993.

He was Chairman of the Supervisory Board of the Marcel Dassault industrial group (GIMD) until 2017 and Director at Dassault Aviation since 1996. Throughout his life, he was a determined defender of our company and of French aeronautics. Moreover, on Thursday, March 4, 2021, during the last Board of Directors meeting, he gave his full support to the company in its management of the covid 19 crisis.

He was also a media man, holding the position of Chairman of the Valmonde group, where he created the hunting magazine Jours de Chasse (2000) devoted to another of his passions. He became a Director of Socpresse (now Groupe Figaro) after the latter was bought out by GIMD in 2004.

While continuing to be professionally active, he entered politics. He was elected as a Member of Parliament (RPR party) in 1988, winning back the Oise first district during the parliamentary by-elections. He was an MP in the Oise department from 1988 to 1997, and then again since 2002.

An artist at heart, Olivier Dassault was an accomplished musician and notably composed the anthem for Parliament, showing this institution another side of his creative personality. He was also a well-known photographer. He published many books of photographs and regularly exhibited his work successfully, in France and abroad.

Cathay Pacific Shares Fall Nearly 4% After Chairman Resigns

September 4, 2019 / WIL BALDWIN

Slosar attends a news conference in Hong Kong

HONG KONG (Reuters) – Shares in Cathay Pacific Airways Ltd fell nearly 4% in early trade on Thursday following the resignation of its chairman after the market closed on the previous day.

The departure of John Slosar was announced less than three weeks after mounting Chinese regulatory scrutiny led to the shock exit of its chief executive, Rupert Hogg.

Cathay shares had closed 7.2% higher on Wednesday as the Hong Kong market was lifted by reports of the withdrawal of a controversial extradition bill, which was officially announced after the market closed.

Long-serving Swire Pacific Ltd executive Patrick Healy was appointed as Cathay’s new chairman on Wednesday following the resignation of Slosar, who had served in the role since 2014.

“As John would have retired soon anyway it’s not really a huge setback as a business,” an analyst said of Slosar’s departure. “However it’s always awful to see when politics dictate like this.”

The analyst, who was not authorised to speak publicly about personnel changes, said he believed if the political situation in Hong Kong stabilised, the situation at Cathay should as well.

Daiwa Capital Markets analyst Kelvin Lau said the extradition bill’s withdrawal was positive for Cathay, even though protests were not expected to end immediately.

“We expect this to be a turning point where the situation would at least not worsen,” he said in a note to clients, adding that recent personnel changes at the airline should satisfy the requirements of the Chinese regulator and were likely to instill confidence among customers.

China’s aviation regulator last month said crew who engaged in the anti-government protests in Hong Kong posed a threat to safety and should be suspended from staffing flights to the mainland and over its airspace.

(Reporting by Donny Kwok and Jamie Freed, writing by Jamie Freed, editing by Richard Pullin)

Fiat Bets On Electric ‘500’ As It Moves On From Renault

July 11, 2019 / WIL BALDWIN

FILE PHOTO: A Fiat Chrysler Automobiles sign is seen at the U.S. headquarters in Auburn Hills, Michigan,

TURIN, Italy (Reuters) – Fiat Chrysler plans to invest 700 million euros ($788 million) in an electric makeover of its iconic Fiat 500, a top executive said on Thursday, as the automaker seeks to move on from its failed bid to merge with France’s Renault.

FCA’s chief operating officer for Europe, Middle East and Africa, Pietro Gorlier, announced the investment – the Italian-American company’s biggest single bet on an electric vehicle – at its Mirafiori plant in Turin, northern Italy.

“The plan is confirmed,” Gorlier told reporters, when asked if FCA’s investment in electric vehicle technology would remain unchanged after its $35 billion plan to merge with Renault, an electric car pioneer, collapsed last month.

He said FCA would invest the 700 million euros to build a new production line at Mirafiori to turn out 80,000 of the new 500 BEV, its first battery electric vehicle to be marketed in Europe after a smaller, initial foray in the United States.

Production will start in the second quarter of 2020, with capacity to be expanded later, Gorlier said.

The 500 compact car is one of the group’s most famous models, launched by then Fiat in the late 1950s and quickly becoming a symbol of Italian urban design.

The 700 million euros investment is part of a plan announced last year to invest 5 billion euros in Italy up to 2021.

In abandoning its merger offer for Renault, FCA blamed French politics for scuttling what would have been a landmark deal to create the world’s third-biggest automaker.

($1 = 0.8878 euros)

(By Giulio Piovaccari; Editing by Mark Bendeich and Mark Potter)

Germany First Lady Elke Budenbender Christens Berlin Express

Olivier Dassault Passes Away at Age 69 in a Helicopter Accident on March 7, 2021

Cathay Pacific Shares Fall Nearly 4% After Chairman Resigns

Fiat Bets On Electric ‘500’ As It Moves On From Renault

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