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Mauro Cifelli, president and CEO of Groupe Del Vasto, an automotive parts distributor, store operator and franchisor in Eastern Canada, has announced the implementation of a new corporate structure, including new senior management roles and responsibilities.AdvertisementClick Here to Read MoreAdvertisement“As Groupe Del Vasto’s family of companies continues to grow and we look at the opportunities and challenges of the future, it is important to ensure we remain focused strategically and structured appropriately. Organizational changes are the next logical step in supporting our long-term succession plans, and the strong leadership team we have assembled will enable us to accelerate our decision-making and execution,” said Cifelli.The company says the changes outlined below help deliver on Groupe Del Vasto’s goal of continually providing top-tier service to its customer base and increasing efficiencies across the organization.Chief Operating Officer – Joey Miceli Joey Miceli has been appointed to the position of chief operating officer for Groupe Del Vasto, with oversight of all operational functions including logistics, procurement, customer service and sales for the distribution and corporate store business units. His extensive experience, spanning nearly 25 years, brings valuable leadership to the position to drive strategic initiatives and accountability. Combining sales and supply chain into one team under Miceli’s leadership will accelerate the execution of Groupe Del Vasto’s go-to-market strategy, the company says. Prior to this appointment, Miceli was most recently vice president of purchasing and operations, where he was responsible for streamlining distribution and focused on sourcing, procurement and supply management.AdvertisementVice President, Marketing and Corporate Development – Tony Del VastoTony Del Vasto has been appointed to the position of vice president, marketing and corporate development. In this new role, Del Vasto will be responsible for developing and implementing communications and marketing strategies that reinforce the value of Groupe Del Vasto’s products and services. In addition, he will lead all merger and acquisition initiatives to drive strategic growth and expand Groupe Del Vasto’s market penetration across Canada. He previously served as Groupe Del Vasto’s vice president of human resources and vice president of information technology. Prior to joining the company in 2008, he held various management positions with Canadian Tire Corp.Vice President, Finance and Administration – Martin LacroixMartin Lacroix has been appointed to the position of vice president, finance and administration, with responsibility for the development of Groupe Del Vasto’s financial management strategy and development of the organization’s strategic goals. In addition, he will provide analytical support and advise the president and other key members of the senior management team on financial planning, budgeting, cash flow, investment priorities and policy matters. Lacroix has spent more than 25 years in the field of finance with several years of hands-on experience in managing corporate mergers and acquisitions.AdvertisementVice President, Human Resources – Jo-Anne ConstantinJo-Anne Constantin, Groupe Del Vasto’s vice- president, human resources (HR), will lead HR operations for Groupe Del Vasto’s distribution and corporate store business units, which includes more than 400 employees operating in five provinces. Her focus will be on developing and implementing a plan to align human resource priorities with strategic business initiatives. In this role, Constantin will oversee employee relations, including identifying opportunities for developing and conserving human resources. She will be working closely with the president/CEO and senior management to facilitate and provide guidance in HR matters, interpreting and implementing policies and cultivate the company’s culture. She joined Groupe Del Vasto in June 2016, and has more than 25 years of experience in human resources management.Vice President, Innovation and Information Technology – Patrick LaframboisePatrick Laframboise has been appointed to the position of vice president, innovation and information technology. In addition to overseeing the management of information technologies and information services delivery, Laframboise will be called upon to create and instill a culture of innovation, continuous improvement, agile project delivery and change management throughout the organization, to help Groupe Del Vasto achieve its strategic objectives. His leadership and expertise in innovation and transformation will be crucial in supporting the growth, performance and efficiency of Groupe Del Vasto. Laframboise has worked for more than 25 years in various IT, project and change management positions; 15 of those in the aftermarket auto parts distribution sector.AdvertisementVice President, Sales – Daniel MalandruccoloAs the Vice President of Sales, Daniel Malandruccolo will be responsible for implementing the sales plan and overseeing all sales activities for Groupe Del Vasto. His focus will continue to be on service as a key differentiator, executing the company’s customer proximity strategy and staying committed to providing Del Vasto customers with the tools required to stay competitive. In addition, Malandruccolo will oversee the areas of customer service, corporate stores and Ottofran, Groupe Del Vasto’s franchising division. He will report to the chief operating officer and will work closely with the vice president of supply chain to align the sales function and operations to ensure consistent execution of best customer service practices to meet the needs of the company’s customer base. Malandruccolo is an industry veteran with more than 30 years of automotive experience, including sales leadership positions with Vast Auto for the past 18 years.Vice President, Supply Chain – Nelson EstrelaNelson Estrela, previously director of operations, has been appointed to the position of vice president, supply chain, and will continue to report to Miceli. In this capacity, he will oversee operations, procurement and product merchandising. Estrela will be responsible for developing and maintaining business relationships with the company’s vendor partners as well as ensuring the optimization of work methods to sustain performance and service levels to our customers. In his new role, Estrela will manage day-to-day operations and will be responsible for planning, directing and coordinating operations in support of the company’s growth and service level goals. For more than 20 years, Estrela has held various operations management positions with Groupe Del Vasto.Advertisement“Company Founder and Chairman of the Board, John Del Vasto, has built Groupe Del Vasto into one of Canada’s leading automotive aftermarket companies with a strong commitment to its customers, employees and channel partners. The realignment of our leadership team will ensure we continue to be well-positioned for sustainable growth in the future and [are] prepared to seize opportunities while staying true to our culture and values,” said Cifelli.
China Rongsheng Heavy Industries Group Holdings Limited, a large heavy industries group in China, announced that the Company has conditionally agreed to issue HK$1.4 billion 7.0% convertible bonds due 2016. The estimated net proceeds from the issue of the Convertible Bonds, after deduction of commissions and expenses, would be approximately HK$1.379 billion, which will be used for working capital and general corporate purposes, in particular, to support the Group’s strategic development in the offshore engineering business.On 31 July 2013 (after trading hours), the Company as issuer, Mr. Zhang Zhi Rong as guarantor and a member of VMS Investment Group as subscriber entered into a Convertible Bonds Subscription Agreement. The initial Conversion Price is HK$1 per Share, which represents a premium of approximately 21.95% over the last closing price of HK$0.82 per Share quoted on the Stock Exchange on 31 July 2013; and a premium/ of approximately 21.07% to the average closing price of approximately HK$ HK$0.83 as quoted on the Stock Exchange for the five consecutive trading days up to and including 31 July 2013.Assuming full conversion of the Convertible Bonds at the initial Conversion Price of HK$1 per Share, the Convertible Bonds will be convertible into 1.4 billion Shares, representing approximately 20% of the issued share capital of the Company as at the date of this announcement and approximately 16.67% of the enlarged issued share capital of the Company.The Board of the Company considers the Subscription Agreement to be part of the Company’s effort in attracting independent and significant shareholders who share its business vision and can add considerable value by bringing international best practices in business strategy and corporate governance. The issue of the Convertible Bonds also represents an opportunity to enlarge and diversify the shareholder base of the Company, to improve the liquidity position of the Group, to reduce the financing costs of the Group and to raise further capital for the Company in an aggregate net sum of approximately HK$1.379 billion. The Board currently intends that the funds will be used by the Company as mentioned above and consider that this will facilitate the overall development of the Group.[mappress]Source: rshi, August 1, 2013
Duncan Lewis, the country’s biggest civil legal aid law firm, is preparing to be taken over by a public company once reforms allow, the Gazette can reveal. The London firm is discussing a takeover with a company listed on the FTSE 250 index, and said it intends to hold similar discussions with other companies before the full introduction of alternative business structures. Practice director Adam Makepeace said that the firm is being ‘realistic’ in pursuing a takeover because of the way civil legal aid is funded. Duncan Lewis, which has a turnover of around £20m, is the first major law firm to publicly outline its plans to seek external investment. Makepeace said: ‘We are realistic; the implications for ownership of businesses in the sector are quite clear, and we want to be at the forefront of any changes. ‘If you envisage consolidation even on a relatively minor scale, say needing to employ 200 additional case workers, then the working capital requirement due to the way legal aid is funded will run to £2m or more. If an external source is going to introduce working capital of this order to a business with a turnover of £20m – such as ours – then they are going to want full control of the business.’ Private investors will be able to invest in and acquire law firms that become alternative business structures from 6 October 2011. Co-operative Legal Services, the legal services arm of Kent County Council, and legal expenses insurer DAS have already spoken publicly about their desire to become ABSs. However, a recent survey of 100 law firms by accountants Baker Tilly found that just 8% would ‘definitely consider’ having an outside investor. Duncan Lewis is already run as a limited company. The firm amended its corporate structure earlier this year to prepare for a possible takeover, cutting the number of directors on its board from 39 to five, according to the firm’s accounts for the year ended 31 March 2009, and separating its legal and business functions. The firm increased its turnover by 56% to £16.02m over the year, with profits after tax rising by 48%, to £986,000.
We also enjoyed one of our many mince pies of the festive season as we wrote this week’s issue, which doesn’t have a sponsor – come along all you marketeers out there, don’t be shy in getting a chance to promote your brand in our weekly digest.A prophecy more likely to come true than millennia-old Mayan projections, was the report this week that, as the BRIC nations plateau, other countries, from Bangladesh to Mexico, are coming up fast – and could overtake the west within four decades. This shift away from the quartet of developing economies would have considerable implications for the project forwarding and heavy lift sectors in the coming decades and will be one to watch.Of more immediate concern than the end of the planet, is the end of talks this week between the US Maritime Alliance (USMX) and the International Longshoremen’s Association (ILA) union that is going to focus the industry’s thoughts as the year finishes. Ocean freight to US east and gulf coast ports could be severely delayed from December 29 as longshoremen prepare to down tools and strike. The row is about container royalties – payments made to longshoremen based on the weight of containerised cargo – and, unless peace breaks out in the argument, shippers and forwarders can expect major problems.In Europe, the working week ends with the news that Royal Boskalis Westminster is looking to hoover up the remaining shares in Dutch shipping company Dockwise – upping its bid to EUR18.5 per share. Last month Boskalis acquired 33 percent of Dockwise shares at EUR17.20. At the same time, Dockwise shareholder HAL Investments BV (32 percent) agreed to irrevocably support and accept the EUR17.20 offer. Shareholder Project Holland BV (7.4 percent) has now pledged to support and accept the latest valuation – more than 83 percent of Dockwise shares have now been acquired or committed to by Boskalis.On the business pagesIt’s official: COSCO Shipping Co Ltd (COSCOL) has confirmed that it has officially established joint ventures with NMA Maritime & Offshore Contractors of the Netherlands.Nine out of ten Shaw Group shareholders have given the OK to approaches by CB&I to purchase the company. A majority of the acquisition’s closing conditions have been met and CB&I expects the transaction to close in Q1 2013, subject to the satisfaction of remaining conditions. Shaw cannot complete the merger and shareholders will not receive payment unless the merger is approved by holders of at least 75 percent of Shaw’s common shares.Cry freedomClipper Steel Services – sister company of specialist heavy lift line Clipper Projects – has transported a number of steel beams vital for the New York Freedom Tower, the centrepiece of the new World Trade Centre in Lower Manhattan. A large amount of the steel used in the tower, also known as the One World Trade Centre, has been manufactured in Luxembourg by steel and mining concern ArcelorMittal.Two become oneTwo of the industry’s leading ship classification societies and risk experts, DNV and GL, are to merge, creating the DNV GL Group. DNV’s Group ceo, Henrik Madsen, will head up the new company which aims to have aturnover of some EUR 2.5 billion and will be headquartered and registered in Norway. Increased globalisation, rapid technological change and the need for sustainable development are credited with creating the merger.Well done, that manThe Seahorse Club has named HLPFI editor Ian Martin Jones as the recipient of its John Richman Lifetime Achievement Award. Jones, who recently replaced Emma Murray in HLPFI’s editorial hotseat, collected his award at this year’s Seahorse Club Journalism Awards event in London which attracted 130 entries from more than 50 journalists in 12 countries around the world.Forwarder newsThe Melbourne, Australia branch of Famous Pacific Shipping (FPS), tucked into a Chinese take-away after being awarded a contract to handle the import, unpacking and delivery of 52 containers loaded with 1,138 tonnes ofsteel coil after the cargo arrived in Melbourne from China. Meanwhile, fellow network member, Famous Pacific Forwarding Philippines launched two-way domestic ocean services linking the island nation’s two main international ports of Manila and Cebu to other key ports throughout the Philippines. At the same time, Luxembourg-headquartered Logwin has opened a new office in southern Chinese city, Shantou, its fourth in China this year.Swiss-headquartered InterRail Holding is on track for a significant involvement in Euro-Asian rail-based freight services after acquisition of 50 percent of Azerbaijan-based railway services provider AzerRail Baku. The deal will allow InterRail to take advantage of the new standard gauge railway from Europe via Turkey to Georgia and Baku that is in the latter stages of its construction.Two members of the WCA Family of Logistic Networks Ltd have shipped heavy and oversized cargos recently: South Korean-based Kimex Air & Sea moved eight chiller machines weighing 49.5 tonnes each for client LG Electronics, between Masan Port in South Korea to Abu Dhabi, UAE, while Sarjak Container Lines, India, recently shipped over dimensional machinery for a new sugar factory being built in Maharashtra, India.Port newsAnd the winner is: HAROPA – a French grouping of ports from Le Havre, Rouen and Paris – has been named ‘Port of the Year’ by association BP2S – the French Bureau for Promotion of Short Sea Shipping and Intermodality.In the USA, the Port of Milwaukee, part of Foreign Trade Zone-41 in the USA, has been approved to serve a wider area of Southeast Wisconsin.For four decades, Mina Zayed has been Abu Dhabi’s primary container gateway but that is now history. Abu Dhabi Terminals (ADT) has completed the redirection of container traffic from Mina Zayed in downtown Abu Dhabi to the brand new Khalifa Port, 60 km east of the city centre. The last container vessel to call at Mina Zayed was Messina Line’s Jolly Arancione.Hatches, matches and despatchesAfter being at the helm as Zeeland Seaports developed into the third-largest sea port in the Netherlands and recorded its highest-everthroughput figures, ceo Hans van der Hart is throwing in the towel – but not yet. He’ll be sitting behind his desk until October 2013.Patrick Verhoeven is to jump ship from his role as secretary-general at the European Sea Port Organisation (ESPO) to join the European Community Shipowners’ Association (ECSA) where he will replace current ECSA secretary-general Alfons Guinier in the middle of next year.Tony Otero is to take over as vice president of Caribbean Services for Crowley Maritime Corporation’s liner services division, replacing Matt Jackson who is moving to a new position in Crowley’s petroleum services team.Living his dreams means that Belgian forwarder H.Essers’ ceo Ivo Marechal has resigned and will leave the Belgian transport and logistics group in Q1 2013. H.Essers, which is active in exceptional transport through its subsidiary, Geertrans Hellings, said that the basis of the decision is Marechal’s desire, “after 12 years at the company, to fulfil his personal ambitions for the future, differently.”All about EvieEvie Aufheben, our sassy gossip columnist, continues to watch the heavy lift world go by for those quirky and off-beat stories she so loves.We all have our guilty secrets and Evie’s is her love of football. It’s hard, sometimes, for this 24-hour party person to slip away for 90 minutes of round-ball action, but when she does it’s straight on the Virgin train to Coventry to follow the Sky Blues at the Ricoh arena. She is too young (honest) to remember the club’s only major trophy: the 1987 3 – 2 FA Cup Final win over Tottenham Hotspur.Ms Aufheben is also one for heavy lift operations, including the heaviest lift of all: getting the Sky Blues back where she thinks they belong – in the top flight in the English Premier League!Many Friday Flyer readers are looking forward to Christmas and some time off to enjoy with friends and family wherever they are. Ms Aufheben wishes a cool Yule and successful 2013 to all Friday Flyer readers!Find the right person with HLPFI JobsRecruiting the right person can be a costly business. Agency fees can be prohibitively high and going through countless irrelevant applications can be very time consuming. Why not advertise your employment vacancy on our website? Those that have used this service tell us that they have found perfect applicants with the right expertise, very quickly. Our website now attracts over 9,000 unique visitors every month, all heavy lift industry professionals. Almost 10,000 receive our Friday Flyer. Both platforms could feature your vacancy and ultimately fill it.Join us on LinkedInThe Heavy Lift & Project Forwarding International LinkedIn group complements the print and online editions of HLPFI and offers you the opportunity to discuss key issues and network with your peers and a wide cross-section of industry experts. Join the discussion now at: http://tinyurl.com/ces7odbWork is progressing on the first issue of 2013, issue 30, so do consider submitting editorial contributions or booking some advertising. There are still some opportunities to join the likes of Broekman Project Services, CEE, WWPC, GPLN, DHL, and PCN, by sponsoring our Friday Flyer. Contact Ian Matheson on +44 (0) 1689 857631 or firstname.lastname@example.org for more information on any of the above.
For this project, Royal Transport rented the MHD SP in order to combine the vehicle with its own MHD SPE.”The idea was to combine an electronically with a mechanically-steered vehicle in a loose coupling mode. This is unusual, but functioned perfectly with vehicles from Nicolas following a careful planning process. Thereby, the two PowerPacks used were configured to run in a master/slave mode,” said Sébastien Porteu, managing director of Nicolas, which belongs to the TII Group.The bogie units of the Nicolas MHD SPE have been specially designed to carry extremely concentrated loads, explained the TII Group. This meant that moving the 420-tonne pumping station, which is destined for use on the sea floor, did not present a large technical challenge.Once safely positioned on the trailers, the pumping module was slowly moved towards the quay wall. www.royaltransport.nowww.nicolas.frwww.tii-group.com
This is the first time in ten years that a three-axle Doll bogie trailer has entered the UK market, claims Collett.Collett says that the new trailer is ideal for long cargoes, such as steel bridge beams, since using a bogie trailer offers several benefits, including increased ground clearance, extra stability and excellent manoeuvrability.The new Doll bogie has already been put to use in the UK, transporting 14 steel beams, each measuring 40 m long and weighing 50 tonnes, from Northallerton to Chester via Middlesbrough. www.collett.co.ukwww.doll-oppenau.com
The Solicitors Disciplinary Tribunal has made no costs orders in the Baker McKenzie case, in which respondents applied for £3m from the Solicitors Regulation Authority. The tribunal told parties this afternoon that no orders as to costs would be made in relation to Baker McKenzie LLP, former partner Thomas Cassels and former HR director Martin Blackburn. Together they had applied for around £3m, with Cassels alone claiming over £1.6m.The SRA’s own cost application – seeking money from Baker Mckenzie – was also rejected. Gary Senior will pay £48,000 in fixed costs to the SRA on top of a £55,000 fine for serious professional misconduct. The tribunal chair said the case had been a ‘long haul from beginning to end’ and thanked the advocates for their assistance. This morning, the SRA defended its high profile prosecution, contending that the allegations in all cases were properly brought, properly maintained and clearly in the public interest. Andrew Tabachnik QC, for the SRA, added that Cassels’ and Blackburn’s costs applications had been advanced by insurers and ‘there is no suggestion of financial hardship by the firm, or by the the individual respondents, or by the insurers’. The respondents’ advocates argued that some of the SRA’s allegations had not been properly brought, were doomed to fail and contained factual errors. Jonathan Laidlaw QC, for ex-HR director Martin Blackburn, said his client had been ‘unreasonably pursued’ by the SRA and was ‘completely vindicated’ by the tribunal’s judgment. Last week the tribunal found that Senior committed serious professional misconduct when he attempted to kiss and embrace a junior colleague in 2012. It also found that Senior improperly sought, by reason of his position of seniority within the firm, to influence the investigation. All allegations against the firm, former partner Thomas Cassels and former HR director Martin Blackburn were found not proved. They were accused by the SRA of allowing Senior to improperly influence or seek to influence the investigation by reason of his position of seniority within the firm.
Residents of South Africa’s Cape Town are bracing themselves for a water supply shut off.Authorities have now moved up Day Zero to April 12 with the city has already halving its water use and ordering residents to lower their consumption to 87 litres per day.“The water crisis in Cape Town and the Western Cape Province requires a massive public involvement process where citizens adhere to and assist in identifying those who still continue to use water irresponsibly,” Minister of Water and Sanitation Nomvula Mokonyane said.Mokonyane was speaking as Day Zero is drawing near, threatening to make Cape Town the first metropolis in the world to run out of water.Day Zero refers to the time when dams supplying water to Cape Town run dry, water taps are switched off and residents have to collect water at designated points.Cape Town and Western Cape continue to see falling reservoir capacities. The combined capacity of the 43 dams in the province decreased by 1.37 percent in the last week to 25.21 percent, according to Mokonyane.Cape Town, now on Level 6B water restrictions, is still not achieving its target of 500 megaliters per day. Instead, it is exceeding the target by approximately 86 megaliters per day, the minister said.Mokonyane also refuted criticism that the central government has failed to help address the water crisis in Cape Town, administered by the opposition Democratic Alliance (DA).
This employment is anticipated to generate approximately US$4.21 million of gross revenue for the minimum scheduled period of the time charter. Sea News, January 10 Diana Shipping Inc. (NYSE: DSX) on Thursday announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Ismene. Upon completion of the previously announced sale of one Panamax dry bulk vessel, the m/v Calipso, Diana Shipping Inc.’s fleet will consist of 41 dry bulk vessels (4 Newcastlemax, 14 Capesize, 5 Post-Panamax, 5 Kamsarmax and 13 Panamax). As of today, the combined carrying capacity of the Company’s fleet is approximately 5.2 million dwt with a weighted average age of 9.56 years. The gross charter rate is US$10,800 per day, minus a 5% commission paid to third parties, for a period of minimum thirteen (13) months to about fifteen (15) months. The charter is expected to commence on January 11, 2020. The “Ismene” is a 77,901 dwt Panamax dry bulk vessel built in 2013. Author: Baibhav Mishra