J Lauritzen Hires Additional Bulk Carriers

first_imgzoomImage Courtesy: J. Lauritzen Danish shipping company J. Lauritzen has chartered additional bulk carriers as it expects dry cargo market improvements for the remainder of the year.“During the first quarter of 2018, additional bulk carriers were taken on long-term time-charter in anticipation of further dry cargo market improvements,” Mads P. Zacho, CEO of Lauritzen, said.Specifically, a total of six Handysize bulkers were taken on charter with options of extension as well as of purchase, J. Lauritzen said in its quarterly update.In 2017, seven Handysize bulk carriers were taken on medium-term, up to two years, time-charter with options for extension.The company also said that in Q1 2018 two gas carriers were reflagged to the Danish International Register of Shipping (DIS) and became the first J. Lauritzen owned gas carriers under Danish flag since 2003.During the first quarter of this year, J. Lauritzen recorded a negative EBITDA of 6.2 million, against a negative EBITDA of USD 7.4 million in the same period of 2017.“After the typical seasonal weakening at the beginning of the year, dry cargo markets picked up towards the end of Q1. The market for small gas carriers enjoyed the normal seasonal support, particularly the smallest size segments,” the company said.“Lauritzen Bulkers is well positioned for the expected dry cargo market improvements during the balance of the year. However, our core fleet of owned and long-term time-chartered bulk carriers committed in previous years are not expected to reach break-even until 2019,” J. Lauritzen added.In Q1, the average number of controlled bulk carriers were 83 compared to 82 in Q4 2017, while the average number of operated gas carriers reached 32 compared to 32 in Q4 2017, according to the company.last_img read more

Perfumed fine dinning on Orient Express

first_imgVanilla bean-scented baby leeks soup, scallops in jasmine jus, artichokes with thyme and lavender honey glazed chicken. Brought to India by an unusual person, Nicolas De Barry, who studied sociology and politics and then entered the world of perfumery while in Brazil. That is not the only thing unusual about Nicolas, but the fact that he replenishes the senses with an assortment of scents while one is fine dinning at the Orient Express. The legendry Orient Express at Taj Palace, New Delhi is hosting an exclusive perfume festival where the sensorial feast stylishly blends with gastronomy as master perfumer, Nicolas De Barry travels through exotic destinations of the traditional Orient Express train. The guests are taken on a perfume trail through Paris, Austria, Romania, Bulgaria, Italy and Istanbul while exploring exotic, legendry and luxurious fragrances inspired by their unique cultures. Also Read – ‘Playing Jojo was emotionally exhausting’Complimenting the perfumes, the April menu created by Executive Chef of Taj Palace, Rajesh Wadhwa at the award-winning Orient Express restaurant is infused with the delicate fragrance of roses. Some of the must tries are sandal wood smoked balic salmon with bergermot dust and oil and agar wood scented pan seared fresh duck foie gras with marigold and fig relish. For the vegetarians, the angel hair pasta with saffron and micro greens is recommended. The rose petal sorbet is an absolute treat of a palate changer while the chamomile tea parfait, morello cherries and peach compote serve as the perfect dessert! Also Read – Leslie doing new comedy special with NetflixNicolas De Barry organizes work shops and master classes world wide and has created ‘very own fragrances’ for celebrities around the world. He has published 15 books and before starting in the perfume business in 1992, he was a diplomat. Nicolas sources his ingredients from all over the world including Agar and sandalwood from various parts of India. The perfumes used by the Mughals in India are one of his favourites.Great care is taken to find the best natural ingredients for his scents from the best sources around the globe. Nicolas is developing hundred percent natural perfumes, which are rare and use precious oils from blue lotus in Thailand and rose from Grasse or Crimea. In 2003, Nicolas had the distinction of recreating with the utmost fidelity the genuine perfumes of King Louis XV, Empress Sissi, etc.The Agar perfumes used by Nicolas can set you back by over Rs. 1 million for a kilogram! (Suvendu Banerjee is President and CEO of Business Images, one of India’s leading PR and Communications agencies and can be reached at [email protected])last_img read more

Saluting the experts

first_imgHandicrafts Export Awards to 68 companies for excellence in exports were distributed by  Santosh Kumar Gangwar,  Union Minister of State for Textiles along with launching of Handicrafts and Carpet Sector Skill Council by Rajiv Pratap Rudy, Union Minister of State for Skill Development and Entrepreneurship and Parliamentary Affair. Gajendra Singh Shekhawat, Member of Parliament, S K Panda, Secretary (Textiles) and S K Biswas, Development Commissioner (Handicrafts) were also present during the ceremony beside luminaries from the trade and industry exporters of handicrafts.   Also Read – ‘Playing Jojo was emotionally exhausting’With the distribution of handicraft export awards, Minister of State for Skill Development and Entrepreneurship and Parliamentary Affairs also launched the new institution called Handicrafts and Carpet Sector Skill Council which has been set up to promote skill development amongst artisans, craft persons and workers of handicrafts and carpet products.  While launching the Handicrafts and Carpet Sector Skill Council, Minister of State for Skill Development, Entrepreneurship and Parliamentary Affairs Rajiv Pratap Rudy said, ‘The role of skill development in Indian economy is very important keeping in view of the fact that percentage of skill manpower in India is very low as compared to China, Korea, Japan and Germany. There is a great need to develop skill of all sectors of the economy so that India become competitive in production of good quality products.’ Also Read – Leslie doing new comedy special with NetflixUnion Minister of State for Textiles Santosh Kumar Gangwar said, ‘Although exporters are doing excellent job of achieving high rate of growth, yet there is big scope of further improvement, the exporters need to develop new lines, new products and give emphasis on good skill, good quality to make products more competitive in world market.’ M/s C L Gupta Exports Ltd, Moradabad received trophy of top export award for their performance in all product categories of handicrafts. Whereas, World leader in Shawls, Ahujasons won the ‘Highest Export Award’ in ‘Shawls as Art ware including scarves and stoles’ category. Karan Ahuja, Director, Exports, Ahujasons said ‘It is a matter of great delight and pride to receive this award for the third time in a row. This is very encouraging and acknowledges our world class products in the global market.’  Trophies were also given under each product category which included Woodwares, Zari Handicrafts, Lace, Laces and Embroidery, India Items, Textiles based handicrafts, fashion jewellery and crafted stone, iron crafts, jute handicrafts, glass, artware, ceramic artwares and aluminium artwares.‘Handicraft export has been growing at an average annual growth rate of 15% during the last decade. However, growth during the current year was 30.80% in rupee terms and 17.55% in dollars terms as compared to previous year. Exports of handicrafts during the year 2013-14 was Rs. 23,504.42 crore,’ said Rakesh Kumar, Executive Director – EPCH (Export Promotion Council for Handicrafts).last_img read more

Google reveals an undisclosed bug that left 500K Google accounts vulnerable in

first_imgYesterday, Google reported a bug discovery in one of the Google+ People APIs, which exposed user’s Google+ profile information such as name, email address, occupation, gender, and age. As per Google’s analysis, the profiles of up to 500,000 Google+ accounts were potentially affected. According to the Wall Street Journal report, “Google opted not to disclose the issue this past spring, in part because of fears that doing so would draw regulatory scrutiny and cause reputational damage.” Google discovered this bug as a part of its Project Strobe, which began in early 2018. Strobe was started with an aim to analyze third-party developer access in Google’s various services and Android. The company says it immediately patched this bug in March 2018 post learning of its existence. The bug provided outside developers potential access to private Google+ profile data between 2015 and March 2018, say internal investigators who discovered and fixed it. Using the API, users can grant access to their profile data, and the public profile information of their friends, to Google+ apps. However, with the bug, the apps also had an access to profile fields even when that data was listed as private and not public. Why were users kept in the dark? Any security breach pertaining to user data exposure should quickly be informed. However, as per the Wall Street Journal report, “A memo reviewed by the Journal prepared by Google’s legal and policy staff and shared with senior executives warned that disclosing the incident would likely trigger ‘immediate regulatory interest’ and invite comparisons to Facebook’s leak of user information to data firm Cambridge Analytica.” In response to the allegations raised on Google, Ben Smith, Vice President of Google’s Engineering team, in his recent blog post mentioned, “Every year, we send millions of notifications to users about privacy and security bugs and issues. Whenever user data may have been affected, we go beyond our legal requirements and apply several criteria focused on our users in determining whether to provide notice.” He also assured that Google’s Privacy & Data Protection Office reviewed the issue. He further added, “looking at the type of data involved, whether we could accurately identify the users to inform, whether there was any evidence of misuse, and whether there were any actions a developer or user could take in response. None of these thresholds were met in this instance.” Ben said that Google found no evidence that any developer was aware of this bug or abusing the API. He also assured that no profile data was misused. Will this delayed bug discovery announcement subject Google to GDPR? The European GDPR (General Data Protection Regulation), which was enforced on 25 May 2018 requires companies to notify regulators of breaches within 72 hours, else the companies would be charged a maximum fine of 2% of world-wide revenue. Al Saikali, a lawyer with Shook, Hardy & Bacon LLP, said, “The information potentially leaked via Google’s API would constitute personal information under GDPR, but because the problem was discovered in March, it wouldn’t have been covered under the European regulation.” He further added, “Google could also face class-action lawsuits over its decision not to disclose the incident. The story here that the plaintiffs will tell is that Google knew something here and hid it. That by itself is enough to make the lawyers salivate.” The Aftermath: Google plans to discontinue Google+ for consumers Ben’s post mentions that over the years, Google+ has not achieved broad consumer or developer adoption, and has seen limited user interaction with apps. Talking about its consumer version, Google+ currently has low usage and engagement–90 percent of Google+ user sessions are less than five seconds. One of the priorities of Project Strobe was to closely review all the APIs associated with Google+ during which it also discovered the bug. Ben mentions, “The review did highlight the significant challenges in creating and maintaining a successful Google+ that meets consumers’ expectations.” Following these challenges and the very low usage of the consumer version of Google+, Google has decided to discontinue Google+ consumer version. This shutdown will take place over the course of the next 10 months, and will conclude in August, next year. However, Google plans to make Google+ available as an enterprise product for companies. Ben states, “We’ve decided to focus on our enterprise efforts and will be launching new features purpose-built for businesses. We will share more information in the coming days.” Other findings of Project Strobe and the actions taken Project Strobe provides a ‘root and branch’ review of third-party developer access to Google account and Android device data and of Google’s philosophy around apps’ data access. The main key finding of this project is the discovery of an exploitable bug built into a core API of Google+ for three years. The other key findings and the actions taken include: The need for having fine-grained control over the data shared with apps For this finding, Google plans to launch more granular Google Account permissions that will show up in individual dialog boxes. Here, instead of seeing all requested permissions in a single screen, apps will have to show the user each requested permission, one at a time, within its own dialog box. Know more about this on Google Developer Blog. Here’s a sample of how this process will look like: Source: Google blog Granting access to user’s Gmail via apps is done with certain use cases in mind For this, Google plans to limit the types of use cases that are permitted. The company is updating their User Data Policy for the consumer Gmail API to limit the apps that may seek permission to access consumer’s Gmail data. Only apps directly enhancing email functionality such as email clients, email backup services and productivity services (e.g., CRM and mail merge services), will be authorized to access this data. Also, these apps will need to agree to new rules for handling Gmail data and will be subject to security assessments. To know more about this action, read the Gmail Developer Blog. Granting SMS, Contacts and Phone permissions to Android apps are done with certain use cases in mind As an action to this finding, Google will limit the apps’ ability to receive call log and SMS permissions on Android devices. Hence, the contact interaction data will no longer be available via the Android Contacts API. Additionally, Google has also provided basic interaction data, for example, a messaging app could show you your most recent contacts. They also plan to remove access to contact interaction data from the Android Contacts API within the next few months. To read more about Project Strobe and the closing down of Google+ in detail, visit Ben Smith Google post. Read Next Facebook’s largest security breach in its history leaves 50M user accounts compromised Bloomberg’s Big Hack Exposé says China had microchips on servers for covert surveillance of Big Tech and Big Brother; Big Tech deny supply chain compromise Timehop suffers data breach; 21 million users’ data compromisedlast_img read more

Hurricane protection free with ACV until May 14

center_img MONTREAL — Air Canada Vacations is offering free StormGuard protection to select destinations in Mexico and the Caribbean, for bookings made by May 14.StormGuard allows clients to rebook their vacation package if the US National Hurricane Center declares a tropical storm warning within three days (72 hours) of scheduled departure. Protection typically costs $49 per person but for a limited time ACV is waiving the fee.“In the Caribbean, the summertime is typically known as hurricane season; however, StormGuard gives travellers peace of mind when booking their vacation with ACV,” said Nino Montagnese, Managing Director, Air Canada Vacations. “Plus, the now waived fee will make it even easier for travel agents to add-on this protection plan to client bookings.”More information about StormGuard and applicable destinations is at aircanadavacations.com. Tags: Air Canada Vacations Wednesday, May 3, 2017 last_img read more