HMM’s Joining to The Alliance ‘Just a Matter of Time’

first_imgzoom South Korean shipping company Hyundai Merchant Marine (HMM) which has been ruled out of the new alliance forged between global carriers believes that its joining is “just a matter of time” and not a permanent exclusion.Namely, as the company is currently amid its restructuring process and in final stage of talks with ship owners on lowering charter rates, it was not possible for it to join the new alliance at this stage.However, HMM said that it was discussing its entrance into The Alliance in early June, when its business normalization procedure is expected to be completed, Yonhap news agency reports.Based on the latest reports, HMM is to become a subsidiary of state-owned Korea Development Bank (KDB) within a debt-for-equity deal so as to avoid the company from going bust.THE Alliance, revealed today, is scheduled to begin operation in April 2017 subject to approval of all relevant regulatory authorities and is composed of Hanjin Shipping, Hapag-Lloyd, “K”Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Yang Ming.As a result of the announcement, HMM’s stock is reported to be affected, whereas the Hanjin Shipping stock is climbing up. Specifically, Hyundai’s shares were traded at KRW 11,450, up 10.20 percent (1,300 won) from the previous day’s closing price, while Hanjin Shipping’s stock was up by KRW 50 (2.62%) to KRW 1,960, the Korea Economic Daily writes.The reshuffling of container shipping alliances comes as a welcome move toward consolidation as the industry is suffering from overcapacity and lower than ever freight rates.World Maritime News Stafflast_img read more

Female football fans forced to show their bras to get into match

first_img“We are not aware at this stage that any previous intelligence contributed to these types of searches being implemented against female supporters.”The letter also claimed full body searches were carried out on children as young as five, with stewards branded “antagonistic”.Stevenage responded by announcing they had launched an internal investigation, while the EFL said it was looking into the matter as well. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. A complaint that female fans were forced to show their bras to stewards before Stevenage’s match against Grimsby Town was under investigation on Monday.Both Stevenage and the EFL were examining allegations away supporters were ordered to lift their tops while queuing to get into Saturday’s League Two fixtures between the clubs.An open letter sent to Stevenage by Grimsby Town fans group the Mariners Trust also accused stewards of asking to feel the underwiring of any bras during the “gross invasion of privacy”.It read:“Several female supporters were asked to lift their tops up to show their bras to female stewards upon entry to the Lamex Stadium. This decision – in the queue in front of other supporters, including men and male stewards – is a gross invasion of privacy.“Female supporters have also since contacted us to state they were asked by female stewards if they could feel their bras if they confirmed that they were underwired. The supporters were made to feel uncomfortable and when they replied they would ‘rather not’ they were ‘reluctantly’ let into the ground.“This act would effectively constitute a sexual assault and these types of searches are unlawful. If deemed necessary, although we cannot see how feeling an underwire in a bra could be deemed so unless acting on previous intelligence, then any fans in question should have been taken to a private area of the ground to be searched by a female steward rather than being searched in full view of male stewards, fans and police.last_img read more