© Diego Vito Cervo | Dreamstime.com – Trucking industry By Gavin van Marle 31/01/2019 Road transport freight rates in continental Europe declined in the fourth quarter last year, as hauliers injected more capacity into the market.According to the latest market index produced by Transporean and TIM Consult, road transport capacity steadily increased during 2018, after being heavily constrained the year before, which resulted in spot freight rates declining.TIM Consult managing director Oliver Kahrs said: “We have observed prices below the level of 2017 here for the first time, when capacity bottlenecks characterised the market.”The Transport Market Monitor recorded a capacity increase of 18.6% over the third quarter of 2018 and was 34.1% higher than in the fourth quarter of 2017.The fourth-quarter pricing declined 3%, quarter on quarter, and 5.7% year on year, which could spell trouble for carriers, given that diesel prices have climbed and are 4.9% up on the third quarter of 2018.However, Mr Kahr believes large European shippers that tend to favour annual contracts will fail to take advantage of weaker pricing.“In view of capacity developments, the price decline appears in contrast with the diesel price, which rose again in the fourth quarter, only at first sight. But in practice, many industrial and commercial shippers hardly noticed the easing of prices, as they assign transports almost exclusively based on long-term contracts. Current trends have not affected these yet.“This shows once again it is better to follow a mixed transport assignment strategy to flexibly take advantage of the lower prices in the spot market to achieve cost reductions,” he added.Transporean’s director of business consulting, Jan Rzehak, argued that shippers should consider a greater mix of long- and short-term contracting with hauliers, as more capacity is expected to become available in the coming quarter.“Traditionally, there has been more available freight capacity the first quarter of each year. And so we expect the price difference to increase further in the first-quarter 2019, which makes transport assignments in the spot market even more attractive,” he said.
By Alex Lennane 06/02/2020 Managing director Niall van de Wouw said: “At face value, the 4% drop in global air cargo in the weeks between 6 January and 2 February appear to be quite a setback, relative to the growth numbers seen in the last three months of 2019.“But looking at the data in more detail tells a more nuanced picture. The Chinese New Year holiday started this year on 25 January, one week earlier than in 2019. By our estimates, the fact that this holiday is celebrated in such major air cargo origins as China, Hong Kong, South Korea and Singapore, pushed the overall growth number down by around 3% for the start of the year. This implies that the ‘normalised’ global market saw a decline of 1%.”For a regional holiday to have such an impact on global volumes, the drop must be quite dramatic, noted Clive.“In the last week of January, volumes from China to Europe, relative to the same week in 2019, dropped by 66%. Subsequently, the dynamic load factor of westbound flights from China dropped from close to 90% to 74%. The reason for the load factor not dropping further is due to airlines cutting capacity by 44% relative to the same week last year. Most of this fall in capacity was caused by a reduction of freighter services in anticipation of the weaker demand.“While the industry traditionally anticipates lower demand during Chinese New Year, the big unknown now is the impact of the coronavirus at the start of a year where there was previously slight optimism for a modest recovery in air cargo volumes.“We have already seen airlines suspending passenger services in response to the virus, and now it’s a case of wait and see. The impact of the coronavirus on cargo volumes out of China will become clearer in the weeks to come when the factories reopen and their supply chains are brought up to speed again. How quickly that will happen – and what knock-on effects it has for global air cargo industry – will be a strong indicator for the year ahead.”Freight Investor Services said, in a research note yesterday, it expected significant price volatility.“Chinese New Year will typically reflect a short freight price peak followed by consistent negative price movement as a result of the seasonal low point for Chinese freight output. The coronavirus has coincided with, and compounded, this, sparking unnaturally sharp price volatility.“The reduction of airline capacity meets this slack demand in the short term; however, the outlook post-quarantine is concerning. Core freight volume is being restrained across all modes, and the freight market has been warned of a rush of volume whenever quarantine measures have been reduced.”It urged the industry to consider price risk-management tools to mitigate this volatility.“Reduced capacity collides with an unknown timeframe for reimplementation of flight schedules, creating an unknown deficit between potential freight volumes and freight capacity.“At present, shippers, forwarders and airlines will be forced to react as events occur, creating a highly unpredictable scenario when disregarding the use of price risk management tools.” The moveable feast that is Chinese new year always makes it difficult to interpret the first statistics, in January and February,.This year it is harder than ever, with the new year holiday extended, factories shut or under-staffed and capacity to China in a downward spiral.The latest air freight information from Clive Data Services, for the four weeks up to 2 February, shows a year-on-year decline of 4%, with the dynamic load factor down two percentage points to 65%.As Clive noted, the change largely reflects the earlier Chinese new year.
WhatsApp TAGSBrother Norbert MullinsDe La Salle Order Brother Norbert (from County Limerick) receives the Liam McCarthy Cup from his relatives. Brother Norbert Mullins sadly passed away on January 13, he turned 101 on January 10.A Limerick native, Brother Mullins resided in Miguel House, Castletown where he celebrated his 100th birthday last year.His funeral mass was held in Miguel House on January 15 where Brother Francis McCallig fsc gave a wonderful eulogy about him.With the permission of Brother Kevin McEvoy we have reproduced this eulogy in full below:As we gather to bid farewell to Brother Norbert Mullins and to thank God for the gift, that his life has been to us, I first of all wish on behalf of Brother Laurence Hughes (Provincial) all the De La Salle Brothers and staff of Miguel House to extend our deepest sympathies to the Mullins family especially his nieces and nephews and all members of his extended family, friends and acquaintances.Bro. Norbert was a very religious person, a man of faith with a great devotion to Our Blessed Lady.Daniel Mullins or Brother Norbert as we knew him was born in Anglesboro on the 10th January 1929. He attended Angleboro National School. His father was a farmer.There were eight children in the family, five of whom entered the Religious Life. Tim and Daniel became De La Salle Brothers taking the names Bro Patrick and Bro Norbert respectively.Alice became a Mercy Sister. Mary joined the Presentation Sisters. Margaret joined “The Little Sisters of Mary “or the Blue Nuns as they were called.Daniel’s older brother Tim (Brother Patrick) went to Castletown and became a De La Salle Brother. Daniel (Brother Norbert) followed him a few years later. He was 15 years of age when he went to Castletown in 1934. He spent a year and a half there which was followed by a Spiritual Year in the Novitiate.Next he went to Faithlegg House in Waterford to study for his Leaving Cert. From there he went to De La Salle Training College for two years. Having qualified there as a primary School Teacher he was appointed to teach in the Brothers’ Primary school in Ramsgrange Co. Wexford.He loved Ramsgrange as it was a small school and the pupils were easy to manage. Himself and another Brother used to play Gaelic football with the local club – St James.From there he was transferred to our Primary school in Ardee. This was a bigger school with more pupils in each classroom. Norbert had 40 pupils in fourth class. He would teach his class each day and take some of the children to a football pitch nearby and coach them in the skills of the game in the evenings. He loved Ardee but it was more difficult than Ramsgrange because of the big classes.His next move was to the Brothers’ School in Navan in 1943. He remained there for 6 years. The Brothers’ living quarters there were very poor as the building was an old Military Barracks that was cold and damp.He went to the Gaeltacht one summer for a few weeks to improve his Irish. In 1949 he was transferred to Wicklow Town. He spent the next 14 years there. He loved Wicklow and made many friends there.One of his friends wrote about him: “Bro Norbert was a great friend of the family and called very often. He was always welcome in our house. He was an excellent teacher and taught my brother Matt for several years. He was always very fit and active—cycling and swimming on the coldest days.”Brother Gregory wrote of him: “My first acquaintance with Bro Norbert was in the 1950’s when I was a pupil in the Brothers’ Primary School. He was well known to all and always had a cheerful word. When as a young Brother I called to the community during the summer holidays he was most hospitable. He seemed to be always in the community looking after visitors from other communities who spent part of their holiday in Wicklow town. He was always interested in sport especially when any Limerick teams were involved.”In 1972 he was asked to become Principal of the Brothers School St. John’s in Kilkenny and to be Director of the monastery. He loved his time in Kilkenny and his involvement in Hurling. The boys were natural hurlers and needed very little training.Fr. Tom Murphy was the manager of St. John’s School and wrote the following about Norbert: “My memory of Brother Norbert was that he was the Principal of St. John’s De La Salle School in Kilkenny. He always seemed to be in good humour as he zipped around the parish on his bicycle visiting homes and the local hurling club. He was always full of energy for his pupils and the local community. He had the lifestyle of a much younger man and it was a pleasure to know him and to work with him. Everyone he met felt the better for having known him in any capacity.” He spent 12 happy years in Kilkenny.His next move was to Bagenalstown – Co. Carlow. He requested to go there so that he would be near his friends in Kilkenny.Brother Damien who was Principal of Bagenalstown Secondary School had the following to say about Bro. Norbert: ” I lived with Brother Norbert for a few years after he retired from Kilkenny. He was always very obliging and helped the community in various ways- particularly by doing some gardening and keeping the grounds clean. He also assisted in the school and was very helpful in teaching Irish and English to Junior Cert pupils. As a community man he was sociable and friendly with everybody. He was a deeply religious man and would always be present for the religious exercises in the community. He loved to exercise himself and kept very fit all his life. He was a contented man and easy to get on with and a good talker. He helped out with supervision in the school and coached some of the hurling and camogie teams.”Norbert’s blood brother Bro. Patrick was stationed in Scotland and Norbert would go over to see him every now and then. Neither of them did very much travelling in their lives. But on one occasion both of them went South Africa to visit their sister Peg or Sr Christopher who was a member of the Little Company Of Mary Sisters in Port Elizabeth.She took them on a tourist route out to Summerset West, Chapmans Peak and down around Capetown. They stayed there for some time. They enjoyed the adventure and were full of stories about it when they came home.When Bro. Patrick’s health began to fail, he requested to come to Miguel House from Scotland and he died there 2004 aged 90.There was a great bond between all the members of Mullins family. Norbert used to go home frequently when he was younger to see members of his own family and to meet his neighbours and friends.These gatherings generally happened at times of First Communions, Confirmations, Weddings, funerals and anniversaries.One of his nieces had this to say about his visits to home – “When we think of Bro. Norbert and his regular visits to Anglesboro, the first thing that springs to mind was how much we looked forward to seeing him coming home for his summer holidays. He was such a kind man. We especially liked meeting him every Sunday after mass when he landed home with a load of groceries and chocolate treats for all of us”.The Brothers left Bagenalstown in 1998 and it was Norbert’s wish to be transferred to the Brothers Community in Kildare town. He knew some of the Brothers there. His wish was granted.Again he occupied much of his time there looking after the garden and the grounds. With the closure of that community in Kildare, he decided to go to Castletown in the year 2004.There was a Tidy Towns Group in Castletown that were very active and kept the village always spic and span. Some of the Brothers in Castletown were connected to that group, so Norbert also helped out when he went there.He quickly settled into his new community and surroundings. He enjoyed a number of healthy years there. Then his health began to fail somewhat later, he was persuaded then to go to Miguel House Nursing Home in 2010.He settled into his new environment very quickly and he loved the lifestyle that he had there. The grounds around Miguel were very expansive. So, as usual he got his shovel, brush and wheelbarrow and spent a considerable amount of time working at it each day.A new health issue arose a few years later and his doctor advised him to give up his gardening and start using a walking aid. He had a touch of vertigo. Once he got used to his walking aid it was not long until he had clocked up many miles as he walked up and down the corridors in Miguel.It was obvious that he was happy in Miguel and loved to have people come and visit him. About 3 weeks before the end came he was healthy. After that his strength began to fail. The staff there felt that he had not too long to live. Quietly he passed away on January 13 early in the morning.We thank God for the wonderful work and service given so unselfishly by Bro. Norbert during his lifetime. He touched the lives of many people in all the schools in which he worked.We had lost a great friend. He was a man who was close to God . We know also that it was the wonderful care that he received from Dr. O‘Dwyer, Therese (Manager) and the staff of Miguel House that contributed to his long life. We know that he is now with the Lord and enjoying the happiness of eternal life.In conclusion, I wish to acknowledge and thank Br. Kevin McEvoy for most of the information contained in this tribute – which was gathered as part of our celebrations last year to mark Brother Norbert’s hundredth birthday.Eternal rest give unto Norbert, O Lord and let perpetual light shine on him. May his soul and the souls of all the faithful departed, through the mercy of God rest in peace. Amen.SEE ALSO – Mass of Remembrance to be held for Laois woman who passed away in England Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Twitter Beautiful eulogy following passing of popular De La Salle Castletown Brother By Megan Shiel – 7th February 2020 WhatsApp Electric Picnic Pinterest News GAA Twitter Previous articleLaois football boss wants to create stronger bond between team and supportersNext articleLaois soccer club to host exciting ‘Dash for the Dáil’ fundraiser Megan ShielMegan is currently studying English and New Media at the University of Limerick. A Raheen native, she’s happiest when talking sport, especially soccer but just don’t mention the 2019 champions league final RELATED ARTICLESMORE FROM AUTHOR Home News Beautiful eulogy following passing of popular De La Salle Castletown Brother News Facebook Facebook Pinterest 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival
Boosting fixed-income returns with liquid alternatives UBS Global Asset Management is splitting its hedge fund business into single- and multi-manager divisions. The bank says that the split into: Alternative Investment Solutions, the multi-manager and hedge fund advisory business; and, O’Connor, the single manager hedge fund business. “The move allows each business to operate as distinct entrepreneurial boutiques – something that is increasingly important for our clients,” said John Fraser, chairman and CEO of UBS Global Asset Management. “It also provides focused leadership to drive the further growth of these successful alternatives businesses, a key strategic priority for UBS Global Asset Management.” The Alternative Investment Solutions (AIS) business focuses on creating global diversified products, and the bank says it will be expanded with additional entrepreneurial businesses in the alternatives sector. It has US$25.4 billion in assets under management, and has investment teams are located in Stamford/New York, London, Zurich, Hong Kong and Tokyo. The O’Connor business, which is dedicated to absolute return investment management, has AUM of US$5.2 billion. It has offices located in Chicago, London, New York, Hong Kong and Singapore. Hedge fund managers discuss Covid-19 playbooks, interest rates Global banks warn of possible losses from hedge fund default Share this article and your comments with peers on social media Facebook LinkedIn Twitter James Langton Related news Keywords Hedge funds
Imposters among us, CSA warns Lau told the investor that his investment would be used to buy and resell goods to low-income seniors. Instead, the panel found that Lau deposited the investor’s money into his own bank account and used it to pay for personal expenses. The panel found that Lau drove the investor to the investor’s bank and completed documents directing payment of the funds to Lau personally. The documents were written in English, which the investor could neither read nor speak. The investor believed his funds were being deposited to the seniors’ centre. When discussing Lau’s conduct, the panel stated that “Fraud against a vulnerable senior is a particularly egregious form of fraud.” The panel also noted “The investor testified that he considered Lau as his mentor and regarded him highly. Lau’s misconduct in these circumstances is particularly serious.” For his misconduct, the panel ordered that Lau pay an administrative penalty of $85,000. The panel also ordered that he pay a disgorgement of $37,266. Lau must also resign any position he holds as, and is permanently prohibited from becoming or acting as, a director or officer of an issuer or registrant. The panel also ordered that Lau be permanently banned from trading in or purchasing securities or exchange contracts, becoming or acting as a registrant or promoter, acting in a management or consultative capacity in connection with activities in the securities market, and engaging in investor relations activities. Share this article and your comments with peers on social media A British Columbia Securities Commission (BCSC) panel has permanently banned Tin Chao Alan Lau from B.C.’s capital markets for fraud. In June, the panel found that Lau, a founder and director of a non-profit seniors’ centre, persuaded an elderly volunteer at the centre to invest $50,000 in the seniors’ centre in December 2013. Retail trading surge on regulators’ radar, Vingoe says DoJ launches task force to tackle Covid-19 fraud IE Staff Keywords Fraud Related news Facebook LinkedIn Twitter
Advertisements RelatedJamaica Stands to Benefit Significantly from Participation in Bahamas Conference Jamaica Stands to Benefit Significantly from Participation in Bahamas Conference Foreign AffairsMay 22, 2009 RelatedJamaica Stands to Benefit Significantly from Participation in Bahamas Conference RelatedJamaica Stands to Benefit Significantly from Participation in Bahamas Conference FacebookTwitterWhatsAppEmail State Minister with Responsibility for Local Government Reform in the Office of the Prime Minister, Robert Montague, has said that Jamaica will benefit significantly from its participation in the Fifth Commonwealth Local Government Conference, held in the Bahamas last week.Speaking at a press conference at the Department of Local Government on Hagley Park Road in Kingston on Thursday (May 21), Mr. Montague said that Jamaica stands to benefit from in excess of $1 billion in assistance, among other support for the local government process, arising out of discussions with international agencies.“We signed off for a Caribbean governance project with the Federation of Canadian Municipalities (FCM), a programme for $1.3 billion or C$20 million. We are (also) being summoned to a meeting in Washington with the Inter-American Development Bank (IDB) on June 8 to discuss a programme we submitted for some US$5 million in grant funding to be accessed by the local authorities,” he said.“Additionally, our discussions with the United Nations Development Programme (UNDP) is yielding some US$200,000 for the development of our parish development committees, and Mandeville is being singled out as the pilot in this programme,” he informed.Mr. Montague further disclosed that technology giant, Microsoft, has agreed to donate software capable of tracking abductions, which will assist the police in these incidents, and cases of human trafficking, particularly involving children. He added that Microsoft will fund training of the police in the use of the software.“Microsoft is also coming to do an assessment of Jamaica’s digital needs. We have asked them to look at and introduce some programmes that they have in Colombia, Chile, and Portugal, their student incentives programmes, where they begin to train students from an early age in software writing… (and) in the utilisation of the internet as a study tool. We would like to have our students participate in that,” he informed.The State Minister pointed out that since returning from the Bahamas, he has received correspondence from persons, who have expressed an interest in establishing internet access points in Montego Bay, Trelawny, and Port Maria, to facilitate usage by citizens and residents in these communities, free of cost.Councillors and administrators, Mr. Montague also informed, were also exposed to best practices across the Commonwealth, which included a good practice scheme funded by the United Kingdom’s Department for International Development (DFID). He explained that under this facility, Councils, which sign on, are guaranteed
Jil McIntosh COMMENTSSHARE YOUR THOUGHTS Trending Videos RELATED TAGSMercuryCoupeFlexClassic CarsClassic Cars & TrucksNew VehiclescustomFlexHirohata Merchot rodMercuryPetersen Museum If you’ve ever wanted to own a serious piece of custom-car history, this may be your chance. The Hirohata Merc, one of the most famous customs of all time, is up for sale.According to a post on Instagram, the family of the car’s long-time owner is looking for a new home for it. Details are sketchy, but it appears the car may be for private sale, rather than sent to an auction, and that the Petersen Museum in Los Angeles, where the car is currently being displayed, is interested.As for what this iconic car will bring, that’s anybody’s guess, but similarly-famous cars have brought cubic dollars. The 1968 Mustang from Bullitt sold last year at auction for US$3.71 million, while the Golden Sahara II, built in 1954 by customizer George Barris and famous for its light-up tires, crossed the block in un-restored state for US$350,000 in 2018. See More Videos The Mustang from ‘Bullitt’ just sold for a whopping .85 million We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. 5 rare, one-off cars people actually drove every dayThe car was named for its first owner Bob Hirohata, who lived in Los Angeles. He’d already owned a 1949 Chevy that he’d taken to George and Sam Barris at their Barris Kustoms shop for a mild makeover. In 1952, he bought a second-hand 1951 Mercury, and this time, the Barris brothers gave it the full custom treatment. Some of the changes included chopping the roof (cutting the pillars and lowering the roof), lowering the suspension, giving it a V-butted windshield, extending the front and rear fenders, and creating a new grille. It’s believed to be the first 1951 Mercury to have its top chopped.The car consistently won trophies at shows, but it wasn’t just for display. Hirohata drove it daily as a regular vehicle, and took it from California to Indiana on Route 66 so he could see the Indy 500.Hirohata sold the car in 1955, and two years later it was involved in a crash and rebuilt. It went through a couple of owners and ended up in rough shape. Jim McNiel, 16 years old at the time, bought it in 1959 for $500. He fixed it up a bit and also used it as a daily driver, until he got married in 1964 and put the car in storage. (Hirohata was shot execution-style in his driveway in 1981; his murder was never solved.)Created with Raphaël 2.1.2Created with Raphaël 2.1.2The Hirohata Merc on display at the Petersen Museum in Los Angeles. First Look: 2022 Lexus NX The sport-cute’s looks have been softened, but its powertrains and infotainment offerings have been sharpened That’s not unusual when family members inherit rolling pieces of history, as happened with the Bullitt Mustang. These cars require very expensive insurance and secure storage, and that often overwhelms the owners. We’re hoping a museum like the Petersen steps up, so fans will still be able to see the original Hirohata Merc as it was back in its glory days. advertisement PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca There was interest in “lost” custom cars in the 1980s, and in 1985, car builders Jack Walker and Doug Thompson built a clone of the Hirohata Merc. But the real one was still around, and in 1988, Jim McNiel began restoring it as it was originally built. It went back on the show circuit in 2011, and in 2017, was added to the National Historic Vehicle Register.McNiel died in 2018 and the car stayed in his family, but according to the Instagram post, “Our family has enjoyed this car immensely for over six decades and now it’s time for new stewardship to continue its legacy.” The Rolls-Royce Boat Tail may be the most expensive new car ever Created with Raphaël 2.1.2Created with Raphaël 2.1.2 Hirohata Merc Instagram Trending in Canada RELATED ‹ Previous Next ›
Published: April 1, 2008 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Sandra Day O’Connor, the first woman appointed to the U.S. Supreme Court and one of the better-known justices of modern times, will give a public talk at the University of Colorado at Boulder on April 17 at 7 p.m. in Macky Auditorium.O’Connor served on the court from 1981 to 2006 and played a pivotal role as a crucial swing vote during her tenure. In addition to her talk, O’Connor also will receive the CU-Boulder Center of the American West’s 2008 Wallace Stegner Award at the talk.The center, which is sponsoring O’Connor’s lecture along with the CU Law School, presents the Stegner Award to Westerners who have demonstrated singular achievement, creativity and dedication in their professional lives. O’Connor is a longtime Westerner and co-author of a memoir, with her brother Alan, of growing up on her family’s ranch in Arizona.Tickets for O’Connor’s talk are $10 for the general public and $3 for CU-Boulder students.”When it comes to intellectual clarity and sound judgment, Justice O’Connor sets the standard for the region and the nation,” said history Professor Patty Limerick, faculty director of the Center of the American West. “April 17, 2008, will be one of the center’s happiest days, and the inspiration drawn from hearing Justice O’Connor in person will ripple and echo for years in the lives of many students, faculty and local citizens.”Past recipients of the Center of the American West’s Wallace Stegner Award have included Ivan Doig, Vine Deloria Jr., David Lavender, N. Scott Momaday and Terry Tempest Williams.This year’s Wallace Stegner Award presentation is made possible by Al and Carol Ann Olson.The mission of the CU-Boulder Center of the American West is to explore the distinctive character and issues of the region and to help Westerners become well-informed, participating citizens. For more information visit the Web site at www.centerwest.org or call (303) 492-4879.Tickets for the O’Connor lecture are available to the public through Tickets West, at all King Soopers outlets, on line at ticketswest.rdln.com/%29 and ticketswest.rdln.com/ and by phone at 1-866-464-2626. Student tickets are available through the UMC Connection in the University Memorial Center.
RelatedBSJ Facilitating Development of Standards RelatedBSJ Facilitating Development of Standards Advertisements RelatedBSJ Facilitating Development of Standards BSJ Facilitating Development of Standards Foreign AffairsMay 31, 2010 FacebookTwitterWhatsAppEmail The Bureau of Standards Jamaica (BSJ) continues to facilitate the development of national standards, by engaging representatives from various industries in identifying and developing standards relevant to the areas they represent.Currently, there are a total of 66 standards in various stages of the promulgation of the process. Of these, there are 31 standards being revised, 18 being adapted and 18 being developed by 30 technical committees and technical sub-committees.According to a Ministerial Report tabled recently in the House of Representatives, draft standards for Transport Gas Containers and Bituminous Materials will be submitted to the Ministry of Industry, Investment and Commerce for approval.In addition, the BSJ is one of four sub-executing agencies responsible for executing the CARICOM Regional Organisation for Standards and Quality/Inter American Development Bank project for promoting Small and Medium Enterprises (SMEs) in the Caribbean through technical standards.The project, which commenced in 2005 and is expected to end in 2011, aims at improving the competitiveness of SMEs in the CARICOM region, via the establishment and implementation of regional technical standards, in order to increase trade in goods and services and promote regional and global integration.Meanwhile for the 2010/11 financial year, the BSJ says it is aiming to acquire equipment for laboratories to ensure the effective and efficient delivery of services; upgrade the Packing Laboratory, by expanding the scope of services offered; implement an energy saving project to include an investment grade energy audit; and to continue the revision of the Standards Act 1969, the Weights and Measures Act 1976 and the Processed Food Act 1959.The BSJ is a statutory body established by the Standards Act of 1968 to promote and encourage standardization in relation to commodities, processes and practices. However, over the years, its role has been expanded to include the provision of services in relation to conformity assessment (certification, inspection and testing, and calibration) and metrology.Its main activities include: facilitating the development of standards and other requirements to which particular commodities, services, practices and processes must comply; monitoring for compliance; conducting tests and calibrating instruments; certifying products and management systems; providing industrial training and promoting research and education in standardization.