zoom German port management company bremenports has received the green light from Bremen’s senate to become a member of the development company for the port construction project in Iceland. In May 2016, the Icelandic government signed an agreement with the municipalities of Langanesbyd and Vopnafjordur, the engineering company EFLA and bremenports to plan and construct a multipurpose port in Finnafjord in the northeastern region of Iceland.“Both the Icelandic government and the general public regard the Finnafjord Port Project (FFPP) as the country’s most important infrastructure project right now,” Martin Günthner, Bremen’s Senator for Economic Affairs and Ports, said.“Shipping and logistics will increase significantly in this part of the world in future. Iceland consequently wants to profit from this trend and establish a new port on the central Arctic shipping route,” the senator added.The business model for the Finnafjord port project initially envisages that the two municipalities will set up the Finnafjord Port Authority (FFPA), which will be responsible for granting licenses, for instance, to port owner and operators.Port development company Finnafjord Port Development (FFPD) will be officially founded in the first half of 2017, with initial shareholders including the two municipalities, EFLA and bremenports.“Comprehensive nautical and structural studies will be necessary before the project can make progress and these can only be conducted with external financial partners,” Robert Howe, bremenports Managing Director, said.Once completed, Finnafjord (Finnafjörður) port will serve as a deep sea port in the North Atlantic ocean for transshipment sailing the Northeast Passage or Northern Sea Route and as a base port for exploration and production (E&P) operations for the oil and gas industry.
Kolkata: The Enforcement Directorate (ED) on Thursday raided various locations and office premises of Shree Ganesh Jewellery House here in connection with a Rs 2,672 crore money laundering case, an official said. “Our officials have started search operations at 11 locations including Shree Ganesh’s office premises and residences of its senior officials in the city,” an ED official said. The agency has been investigating the case under the Foreign Exchange Management Act, 1999 and under the Prevention of Money Laundering Act, 2002. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killed Based on a complaint of defrauding a consortium of banks led by the State Bank of India (SBI) for non-payment of loan to the tune of Rs 2,672 crore, the Central Bureau of Investigation (CBI) had earlier commenced an investigation against the company. Subsequently, the Directorate of Revenue Intelligence (DRI) had, in June 2018, arrested Nilesh Parekh, the promoter of the company in the alleged diversion of primary gold of over 1,700 kg. According to DRI officials, the firm having several units in Manikanchan Special Economic Zone (MKSEZ), Kolkata, was allegedly involved in diversion of gold imported duty free on the strength of being a nominated agency and also in its capacity as an SEZ unit. Also Read – Bose & Gandhi: More similar than apart, says Sugata Bose “Currently, Parekh is on an interim bail and there was restriction on his movement outside of the city. We are in process of finalising a charge sheet against him, which will be filed soon,” a DRI official told IANS. During investigations, the agency found the accused to “be actively involved in the fraud of diversion of primary gold of over 1,700 kg among other violations like non-realization of remittance on account of export of gems and Jewelleries to the tune of Rs 7,500 crore” to the several dummy and shell companies at Singapore, Hong Kong and Dubai.
Opinions expressed by Entrepreneur contributors are their own. March 24, 2006 Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now More than 724,000 entrepreneurs make a living on eBay, and manygot started with just a few items from a garage sale or off a dustyshelf at home. So how did they move from eBay as a hobby to eBay asa business? Savvy product sourcing.Finding products customers want to buy at a price they’rewilling to pay requires strategic planning. The goal is to identifysuppliers with quality merchandise you can afford and in quantitiesyou have room to store. The list may include manufacturers,wholesale and closeout distributors, liquidators or job lottraders.Trade shows, online marketplaces and trade portals are efficienttools that offer a snapshot view of what’s selling and at whatprice, as well as company contact information.Trade shows provide access to hundreds of potential suppliers,giving you the chance to see what’s hot in the market and checkproduct quality firsthand. The face-to-face contact alone may beworth your attendance. “The human element never goes away interms of getting a better deal,” says Sam Bundy, grouppresident of VNU Expositions-ASD/AMD Merchandise Group, a tradeshow management company in Santa Monica, California.For exhibitor information, check with the local convention andvisitor’s bureau in the host city or with the show’smanagement. Some show managers post a list online with hyperlinksto exhibitor information. If the selection is too broad, look forsmall regional shows with a narrower product focus.Jen Lowe, 33, and Tom Nessen, 31, co-owners of Boom BoomPercussion LLC (eBay User ID: boomdrums) in Atlanta, turned totrade shows to diversify their line of musical instruments.”The show was a good place to go and start buildingconnections with new vendors,” Nessen says.When meeting with vendors, avoid asking questions that peg youas a newbie. Asking about payment and credit terms or productfeatures is a big no-no. “These are questions you wouldn’tbe asking if you were experienced,” says Eric Lau, 26,co-founder of Vision Decor Furniture (eBay User ID: visiondecor) inCity of Industry, California, with $7 million in annual sales.”They put doubts in the vendor’s mind.”If trade shows aren’t an option, online solutions offer aconvenient, affordable alternative. Companies post wholesalepallets for sale on trade portals and bulletin boards. The MichiganState University Center for International Business Education andResearch hosts a comprehensive website that lists many of thesesites as well as a trade leads bulletin board.For products overseas, a service for exporters in China isavailable from Global Sources Ltd. (eBay User ID:globalsourcesdirect) and for general buyers at its online store,www.global sourcesdirect.com. “It’s a good place to startfor somebody new to importing,” says Peter Zapf, vicepresident of Global’s Singapore location. Though importingintroduces issues of customs clearance and duties, Zapf says,”those complexities are offset by access to products at muchlower cost.”PowerSellers can also find merchandise through eBay’s newResellerMarketplace, which provides access to inventory directly fromsuppliers without having to qualify with each supplier or meethigh-dollar minimums. Howard Rosenberg, eBay’s director oftrading platforms, says offering “merchandise in a widevariety of categories available at any given time provides anopportunity for PowerSellers to grow their existing business orexpand to new product categories.”Julie Monahan is a writer in Seattle whosearticles on small business and emerging technology have appeared innumerous consumer and trade magazines. 3 min read This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. Enroll Now for Free
UNIGLOBE Travel announces new partner agency & agency renewal Travelweek Group Friday, July 26, 2019 Share TORONTO — UNIGLOBE Travel has added Voyages Concierge Deluxe Travel & Voyages Westmount Travel in Montreal as its newest Partner Agency in Eastern Canada.Owned by Tony Fragapane, who has worked in the travel industry since 1972, and his wife Maria Viviano Urso, Voyages Concierge is comprised of 70% Corporate and 30% Leisure, with a high-end cruise department. It’s also one of Air Canada’s Circle of Excellence agencies.In addition, McTavish Travel has signed a multi-year renewal of its UNIGLOBE partner agency agreement. McTavish, the first agency to join the UNIGLOBE Partner Program back in April, is a full-service Travel Management Company that serves corporate, non-profit, leisure and group travel.On these latest developments, Dean Dacko, Regional President, UNIGLOBE Travel (Eastern Canada), said: “These announcements strongly represent the continued strength of the UNIGLOBE Travel brand in Canada. UNIGLOBE continues to grow and succeed in a very competitive market by providing a leading edge technology solution, combined with highly effective client support tools that exceed customer expectations, and drives the growth of our business in Canada.” Tags: UNIGLOBE, Voyages Concierge Deluxe Travel, Voyages Westmount Travel Posted by << Previous PostNext Post >>