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Posts Tagged ‘lift’

A Detroit lift

Detroit update: Into the show proper this morning and it was a relief not to find it as huge a bunfight as Paris last year.

A much calmer mood prevailed, although the veterans of two years ago were keen to point out how much more relieved manufacturers seemed to be following the annus horribilis of 2008 that may come to be an MBA topic for years to come.

In the same way as Paris though, thouands of journalists had descended on the city for the show, lending a much-needed boost to Detroit hotels, that are reporting virtually full occpancy for the whole week.

Talking of hotels, I got in the lift or elevator this morning from my 19th floor eyrie and found myself in the car with one other Show attendee.

Having pressed the relevant button, we looked around the small space as is the way of these things, not really having a great deal to say – it was the crack of sparrows after all. After a minute or so had passed and we were heading down, the lift doors opened and we both confidently stepped out into what we thought would be the lobby.

Except it wasn’t. We hadn’t moved an inch and were resolutley marrooned on the 19th floor, having convcinced ourselves we were actutally heading downwards at a rate of knots. Still, at least it started a conversation…

The hotel lobby – ‘motor lobby’ – is also playing what appears to be non-stop motown classics. Not exactly my cup of tea. Talking of which, can I make a plea on behalf of Brits in America – could someone find some milk rather than cream…? 

 

Celebrations as Serbia lift Davis Cup trophy

Several thousand Belgraders, mostly young people, have takento the streets this evening after Serbia won in the Davis Cup final. Belgraders have started a “victory walk”, chanting and celebrating in the wake of the 3-2 victory over France.

Cosco unit delivers multipurpose heavy lift carrier

Cosco Corporation (Singapore) says its subsidiary, Cosco (Dalian) Shipyard Co., delivered a new build 30,000 dwt multipurpose heavy lift carrier, the Parandowski, to its buyer. The heavy lift carrier measures 199.8 meters long, 27.8 meters wide and 15.5 meters high. Classed by PRS, the Parandowski, has a draft of 10.3 meters and a navigation speed of 19.2 knots.

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Flat at midday, but UOB may lift sentiment

Singapore shares were flat at midday on Friday, with banks underperforming the broader market on concerns about low interest rates, but United Overseas Bank’s (UOBH.SI) better-than-expected results may boost sentiment later.

By the midday break, the Straits Times Index (STI) <.FTSTI> was flat, or 0.25 points higher, at 3,129.78. Total volume was 978.3 million shares.

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U.S. ignores UN vote to lift Cuba embargo

Once again the UN has taken a symbolic vote urging the United States to lift its 48-year long economic embargo against communist-run Cuba. But once again, on this, the 19th time the Security Council has considered the issue, the US and Israel voted against.

DBS +1.6%; Earnings lift from preference stock sale: RBS

DBS (D05.SG) +1.6% at $14.84, outperforming other 2 Singapore banks, following lender’s $1.7 billion preference share sale, says Dow Jones.

Shares offer annual fixed dividend rate of 4.7% over 10 years, with proceeds to be used for refinancing existing preference shares redeemable in 2011.

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Oil rig builders rise on drilling ban lift

Shares of Singapore oil rig builders Keppel Corp <KPLM.SI> and Sembcorp Marine <SCMN.SI> surged on Wednesday after the U.S. administration removed its ban on deepwater drilling, lifting sentiment on oil and gas stocks.

Keppel Corp rose as much as 2.5% and Sembcorp Marine was up as much as 2.1%.

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Kosovo daily: Kosovo government to lift ban?

The Kosovo government reverted its decision to ban Serbian officials from visiting Kosovo for the enthronement of Patriarch Irinej at the Patriarchate of Peć. The PriÅ¡tina-based daily Koha Ditore quoted the Deputy Prime Minister of Kosovo Hajredin Kuci, who said that “Kosovo government seeks compliance with the procedures required for a visit.”

Google, Apple, Others Lift No Poaching Ban: DOJ

To settle a civil antitrust lawsuit, Google, Apple, Adobe, Intel, Intuit and Pixar agreed with the Department of Justice’s order to refrain from not calling each other’s skilled employees. Google had such deals with Apple, Intel and Intuit. – The Department of Justice Sept. 24 said it struck an
antitrust settlement with Google, Apple, Adobe Systems, Intel, Intuit and Pixar
that prevents them from agreeing not to poach each other’s employees for the
next 5 years.
The DOJ, which has investigated practices by the six
technology compani…


Wilmar +3.7%; Wheat may lift trading ops: Analyst

Wilmar (F34.SG) +3.7% at $6.45 on above-average volume, best performer among Singapore blue chips, with buyers returning after losing streak over last 3 days, according to Dow Jones.

Market participants contacted are divided over reason for current interest, with some attributing rise to merely buying ahead of 2Q10 results due Aug 13, while others hopeful agribusiness group will benefit from recent rally in wheat prices following Russia’s ban on wheat exports.

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KTL delivers heavy lift order for major platform decommissioning project in Japan

KTL Global, one of Asia’s major suppliers of rigging equipment to the offshore oil & gas sectors, has delivered a heavy lift package for one of the largest platform decommissioning projects in Japan.

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STX Pan Ocean Co. enters into $56m deal to build semi-submersible heavy lift carrier

STX Pan Ocean Co. says it has entered into a deal to build a semi-submersible heavy lift carrier for about US$40 million ($56 million). STX says the deal, which is considered an Interested Person Transaction, was approved by shareholders of the company at the Annual General Meeting held on March 29.

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Earnings upcycle not enough to lift STI, says CIMB

Singapore stock market cheap in P/E terms after recent pullback on increased global risk aversion, but stock-specific factors rather than broad earnings upcycle will increasingly dictate how shares perform, says CIMB according to Dow Jones.

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CapitaMalls Asia may get lift from China buy

CapitaMalls Asia (JS8.SG) may get boost from latest acquisition, which helps further company’s strategy of expanding its China footprint; shopping mall owner announces it will buy integrated development in Chengdu comprising retail, residential, office for about $114 million.

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Hyflux gains 1.1% as new job to lift earnings by 3%, says JPMorgan

Hyflux (600.SG) headed higher this morning as news of contract win provides boost. Its shares gained as high as 1.1% to hit $3.57 this morning with resistance eyed at current 2010 highest close of $3.64.

The water treatment company announces $43.8 million engineering, procurement and construction (EPC) contract for first stage of seawater desalination plant in Singapore. Work scheduled to start immediately and is expected to be completed in approximately 20 months.

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SIA may get lift from slowing traffic declines

Singapore Airlines (C6L.SG) may get bit of a boost from January operating data that show continued moderation in on-year passenger traffic declines.

Passenger traffic was down 1.6% on year in January vs December’s 4.3% drop, while cargo traffic up 3.3% on year in January. But some shine may be taken off data as passenger load factor slips to 79.1% in January vs 84.3% in December, while cargo load factor at 60.1% in January vs 63.4% in December.

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Genting unlikely to get big lift from licence

Genting Singapore (G13.SG) looks unlikely to get big lift from award of casino licence given Friday’s gains priced in expectation of imminent licence award amid concerns remain on high valuation.

The issue of the casino licence by the Casino Regulatory Authority to Resorts World at Sentosa (RWS) is good news as this means the casino can open in time for Lunar New Year.

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US mly aircraft fly from Benazir Int’l Airport


Islamabad – The planes in the picture have been spotted frequently flying out of Benazir International Airport, Islamabad (BIAI). These are star lifters, heavy lift aircraft of the US army and air force.
The question is why are they flying in and out of Islamabad on a regular basis? What are they transporting? Normally these planes are used for large troop movements and heavy equipment lift. When contacted the CAA was unable to respond and the military was unavailable. Is any one keeping a check on what exactly the US is up to in the environs of the Capital and GHQ?

North Korea to lift border restrictions

North Korea said on Monday it would lift border restrictions and restart family reunions and visits for South Korean tourists, raising hopes of an easing of tensions after months of bitter hostility.  But in a sign of continuing friction, the hardline communist state also warned of "a mercilessNorth Korea said on Monday it would lift border restrictions and restart family reunions and visits for South Korean tourists, raising hopes of an easing of tensions after months of bitter hostility. But in a sign of continuing friction, the hardline communist state also warned of “a merciless