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The Global Elite is Insane
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http://www.thenational.ae/news/worldwide/asia-pacific/is-the-global-economy-back-on-an-even-keel
Day rates for the movement of goods around the world hit their peak in early 2008, a few months before the global financial crisis. Which direction are these same prices heading in now, and can the shipping industry help predict the direction of the global economy?
Day rates for the movement of goods around the world hit their peak in early 2008, a few months before the global financial crisis. Which direction are these same prices heading in now, and can the shipping industry help predict the direction of the global economy?
Munshi Ahmed / Bloomberg
A port in Singapore. Around 90 per cent of all the world’s goods are transported by sea, meaning that when economic activity is strong, the shipping industry is buoyant.
A port in Singapore. Around 90 per cent of all the world’s goods are transported by sea, meaning that when economic activity is strong, the shipping industry is buoyant.
Bloomberg
Khalifa Industrial Zone Abu Dhabi, which is being constructed between Abu Dhabi and Dubai, is one of the largest infrastructure projects in the world.
Khalifa Industrial Zone Abu Dhabi, which is being constructed between Abu Dhabi and Dubai, is one of the largest infrastructure projects in the world.
Forty-two floors up, from the window of Mercator’s meeting room, Singapore stretches out, a landscape of order, dotted with trees and water.
To the south, a haze of humidity hangs on the horizon, reducing the Indonesian islands to no more than an outline. Ships, trawlers and tankers sit between these two points, like toys in a bath, motionless in their motion. These are some of the world’s busiest shipping lanes, the blue of the ocean endlessly crossed by small black lines, keeping the economy of the world moving.
In the meeting room far above the sea, K Srivastava, a vice president of Mercator in Singapore, is explaining why the company he works for adopted a cautious approach during the heady days of the first half of 2008.
“We could see the cracks,” he says, “We could see the cracks very visibly because the day rates were so high. That on a long-term basis with that kind of day rates, one wonders whether any business can be sustainable.”
Mercator is one of the world’s leading dry bulk shipping companies, a company that moves vast quantities of dry goods – grains, coal, iron ore – around the world, servicing the factories and industries that keep the global economy moving.
Back in 2008, in the months before the financial markets collapsed, the per-day price for moving a shipment was vast. Companies such as Mercator were making huge profits. By one estimate, the shipping industry made an estimated US$ 80 billion (Dh294bn) in profits in 2004. But something didn’t quite add up.
“We found the day rates were too high, [too] unrealistic. The day rates were about $ 80,000 (Dh294,000) to $ 100,000 in the peak of times. So everybody who has a ship was earning $ 100,000 per day. Now that has a couple of implications. Operating costs for a ship are typically in the range of $ 5,000 per day. If you were to say you are earning $ 100,000 and operating costs are $ 5,000 … it’s still a lot of money. And therefore something had to be bizarre there.”
Mercator’s reaction to this situation was to hold fast, not taking on loans or debts. The day rates, notes Srivastava, were at their highest level for a decade. Other indexes were also high, at record levels. The Baltic Dry Index (BDI), a measure of the daily average cost to ship dry bulk commodities, was at record levels.
Hypo Venture Capital Zurich Financial News and latest headlines – Hypo Venture Capital Zurich, Switzerland is an independent investment advisory firm which focuses on global equities and options markets. Our analytical tools, screening techniques, rigorous research methods and committed staff provide solid information to help our clients make the best possible investment decisions. All views, comments, statements and opinions are of the authors. For more information go to www.hypovc.com.
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Tucson, Arizona (PRWEB) November 27, 2013
Tucson, Arizona should be on any bioscience or biotechnology company’s short list for relocation or expansion, according to a white paper issued by ITRA Global affiliate Commercial Real Estate Group of Tucson LLC.
The nine-page report, “The Bio Industry in Tucson, Arizona,” points out that several bioscience companies already thrive in the region, including Ventana Medical Systems, Sanofi and SynCardia Systems. It also mentions that Accelerate Diagnostics moved from Denver to Tucson in 2012.
“I was impressed from my first contacts with Pima County, the Tucson mayor’s office, the state of Arizona and the Tucson Regional Economic Opportunities Office,” Accelerate President and CEO, Lawrence Mehren, is quoted as saying in the white paper. “We could tell this was a place that valued our businesses and wanted to help.”
“Proximity to large private enterprises in bioscience is only one of the reasons Tucson is a rising biotechnology star,” says Michael Coretz, principal of Commercial Real Estate Group of Tucson / ITRA Global. “Our city also boasts available venture capital, an encouraging spirit of entrepreneurship and a strong research community, including the University of Arizona’s Bio5 Institute.”
The availability of federal and state government funding and a highly skilled workforce are other reasons Tucson, the hub of Southern Arizona, should get prime consideration by biotechnology and bioscience firms, the report says.
Commercial Real Estate of Tucson is the Tucson Affiliate of ITRA Global and Michael Coretz is a site selection expert with indepth knowledge of biotech companies for local, regional and national clients. Specialized real estate needs for this industry are addressed in the white paper, which is available on the CREG of Tucson website.
ITRA Global is an organization of commercial real estate firms specializing in the representation of tenants and buyers of office, industrial, and retail facilities. It is one of the largest commercial real estate organizations devoted to representing corporate tenants and buyers. With coverage in major markets around the world, ITRA Global consists of seasoned professionals with an average of twenty years’ experience and is differentiated by its focus on advocacy for the corporate tenant and buyer. Clients benefit by having an experienced professional as their trusted advisor — conflict-free representation with total objectivity.
For more information about the white paper, contact Michael Coretz by telephone at +1.520.299.3400 or by email, michael(at)cretucson.com. For more information about ITRA Global, you may contact the Executive Director of the organization, Beth Wade at +1.706.654.3201.
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Wakefield, MA (PRWEB) November 22, 2013
TraceLink Inc., the leader in global pharmaceutical serialization, drug traceability and supply network performance solutions, announced today that it has been named winner of Red Herring’s 2013 Top 100 Global Award, recognizing the year’s most audacious and far reaching private technology companies and entrepreneurs from across the globe. TraceLink’s Life Sciences Cloud global application platform and global customer community of pharmaceutical industry innovators were key foundations for the award.
“Protecting patients from counterfeit drugs, improving access to safe, quality medicines and ensuring compliance with regulations like the Drug Quality and Security Act is our core mission,” said Shabbir Dahod, President and CEO of TraceLink. “We are honored that Red Herring recognized our efforts in building an innovative cloud application platform that helps Life Science executives think differently about their global supply chain networks, business processes and IT architectures to meet growing supply and demand challenges.”
The TraceLink Life Sciences Cloud global network platform, pharmaceutical track and trace solutions and supply network performance applications help pharmaceutical companies and their diverse supply network partners connect, share key business data and collaborate across supply, production and distribution operations. Market leaders, including four of the top-10 pharmaceutical companies, use the TraceLink Life Sciences Cloud to:
Comply with pharmaceutical serialization, product tracing and government reporting requirements for the US H.R. 3204 Drug Quality and Security Act, China, Brazil, Korea and other global drug track and trace regulations
Build a supply chain control tower that improves speed across external supply activities, reduces risk across the production lifecycle and increases agility in meeting patient demand across diverse global markets
Create a flexible global IT infrastructure that simplifies integration across thousands of supply relationships, improves control over billions of transactions and enables management of terabytes of transaction data through a single connection to the Life Sciences Cloud
Red Herring’s Top 100 Global list has become a mark of distinction for identifying promising new companies and entrepreneurs. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, and eBay would change the way we live and work.
“Choosing the companies with the strongest potential was by no means a small feat,” said Alex Vieux, publisher and CEO of Red Herring. “After rigorous contemplation and discussion, we narrowed our list down from hundreds of candidates from across the globe to the Top 100 Winners. We believe TraceLink embodies the vision, drive and innovation that define a successful entrepreneurial venture. TraceLink should be proud of its accomplishment, as the competition was the strongest it has ever been.”
The TraceLink Life Sciences Cloud platform is designed for and built upon Amazon AWS Cloud. This highly scalable and reliable design enables TraceLink to serve pharmaceutical companies, CMO/CPOs, wholesale distributors and pharmacies of all sizes, complexities and locations across the globe. Learn more at http://www.tracelink.com.
About TraceLink
TraceLink protects patients, enables health, grows profits and ensures compliance for companies across the global Life Sciences network through the TraceLink Life Sciences Cloud. The TraceLink Life Sciences Cloud is an Amazon AWS-based cloud application platform which enables complete global connectivity, visibility and traceability of pharmaceuticals from raw materials to patient. A single point and click connection to the Life Sciences Cloud delivers the information, insight and collaboration needed to improve performance and reduce risk across global supply, manufacturing and distribution operations. Winner of numerous industry awards including the Amazon AWS Global Start-Up Challenge Grand Prize and the Edison Award for Innovation in Health Management, the TraceLink Life Sciences Cloud is relied upon by businesses across the globe to meet strategic goals in ensuring global compliance, fighting drug counterfeiting, improving on-time and in-full delivery, protecting product quality and reducing operational cost. For more information on TraceLink and our solutions, visit http://www.tracelink.com or follow us on LinkedIn.
TraceLink is funded by FirstMark Capital. FirstMark Capital is an early stage venture capital firm based in New York City. Our mission is to partner with exceptional entrepreneurs who are changing the world by solving meaningful problems. We have built a deeply engaged community among the extraordinary teams in our network to spread ideas and opportunities. We are privileged to work alongside the founders of remarkable businesses like Pinterest, Lumosity, Aereo, TapAd, Shopify, Riot Games, and dozens more. Visit us in New York City or online at firstmarkcap.com and @FirstMarkCap.
