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first_imgAll through the summer I kept receiving offers from my gas company to sign a two-year deal for a fixed gas price, which would allegedly guard me against any price increases. Being a naturally suspicious person all I could think of was ’what’s in for them?’There were rumours that gas prices would fall and as I would rather believe a rumour than a utility company, I did not sign. Well, as predicted prices have plunged (pg 5). Not that you are seeing the benefit yet. And I am sure they will think of reasons to temper reductions. I expect to see phrases such as ’guarding against the volatility of the market’ or ’demand is keeping prices high’. Yes, greed has the same effect.This week I asked Bev Hughes, MP for Stretford and Urmston, Greater Manchester, to give her view of the Northern Foods bakery closure at Trafford Park where 690 jobs are going. The bakery falls within her constituency and she has been talking to the people affected (pg 11).She makes a point that successive Tory and Labour governments have ignored – “manufacturers cannot sustain current downward pressure on prices without serious impact on jobs and pay”.On the other hand, while governments support supermarkets charging consumers low prices, the supermarkets are inevitably going to keep as much of that low price for their own profit, especially when they are competing so hotly against each other and their results are under such intense scrutiny by the national press, not to mention their shareholders.The government and the Office of Fair Trading must decide: do they want a Supermarket Code of Practice with any teeth or do they want to listen to the heavy lobbying of the British Retail Consortium (BRC), which represents the supermarkets, and continue to do nothing? And MPs, with the exception of Bev Hughes who speaks honestly, must stop wearing two hats on this issue, nodding duplicitiously to both manufacturers and the BRC. There should be enough profit for everyone to make a decent living.Also in this issue Igor Bekaert take us step by step into making a delicious chocolate cake with healthy profit margins (pg 21). And BHS joins the coffee shop boom (pg 14) – with sandwiches made from scratch!last_img read more

Sovcomflot withdraws Vyacheslav Tikhonov redelivery with Polarcus

first_imgRussian company, Sovcomflot, has withdrawn redelivery notice for Vyacheslav Tikhonov seismic vessel with Polarcus. The vessel, originally named Polarcus Selma, has been on a long-term charter with Sovcomflot since delivery from the yard in 2011. The Vyacheslav Tikhonov is a high ice class 8 streamer vessel suited for 3D XArray exploration requiring cable separations of 160 to 200 meters. It was built to the Ulstein SX133 design and incorporated the Ulstein X-Bow hull. Polarcus will not receive charter hire from 31 May 2020 until startup of a new project anticipated to start in Q3 2020. In December of last year the companies agreed to postpone the redelivery of the vessel until the completion of work which Sovcomflot secured in Asia. The redelivery was expected in Q2 2020, but Sovcomflot decided to withdraw notice of redelivery in light of further project opportunities, after it completed the project in Asia. Redelivery of the vessel is now expected to be following completion of the new project, or alternatively, on short notice if no project is awarded for the vessel in the summer season, the company noted. last_img read more

Gringos make up 41 percent of Costa Rica immigrant population

first_imgResults from the 2011 Census showed that 15,898 U.S. citizens live in Costa Rica, according to numbers released by the National Statistics and Census Institute.U.S. expats make up 4.1 percent of the 385,899 foreigners living here. The majority of foreigners come from Nicaragua, accounting for 74 percent of immigrants in the country. The number of Nicaraguans in Costa Rica increased from 226,374 in 2000 to 287,766 in 2011. Colombians are second at 4.3 percent, followed by U.S. citizens. The Colombian population saw a massive leap from 5,898 in 2000 to 16,514 in 2011.During the last census in 2000, the number of U.S. citizens in the country totaled 9,511. The foreign population makes up 9 percent of the 4.3 million people living in the country. Facebook Comments No related posts.last_img read more