zoom Productivity levels at the world’s top 30 container ports have demonstrated little sign of improvement over the past two years, and ports in several world regions are showing worrying levels of decline, according to the latest port productivity analysis by IHS Markit.Relative port productivity among the top 30 ports decreased by 7.5 percent between the first half of 2014 and the same period in 2016.“With the exception of a few bright spots, the picture overall is not a good one,” Andy Lane of CTI Consultancy, said, adding that “most of the declines were experienced in 2015, and we saw a slight rebound in the first half of 2016, but it was not enough to recover port efficiency back to 2014 levels.”“The reason for the poor productivity performance across regions is largely attributed to apathy and lack of recognition as to the potential value of achieving productivity improvements,” Lane noted.According to the IHS Markit port productivity analysis, major ports in the Mediterranean booked the biggest declines in productivity as the combination of an increase in average steam-in time from 4.2 hours to 8.3 hours, and a 12 percent decline in berth productivity resulted in a 23 percent overall decline in port productivity.The next-worse performers were the major ports in Middle East & India, registering a 16 percent decline in relative berth productivity, slightly offset with an improved steam-in from 6.9 to 6.8 hours. When combined, it resulted in a 12 percent decline.East Asia recorded a 9 percent decline in port productivity, while North America’s port productivity was down by 8 percent. In Southeast Asia a more modest 3 percent decrease in port productivity occurred.The only region hosting major ports that demonstrated an improvement was North Europe, where port productivity improved by 7 percent, achieved solely by reduced steam-in times from 6.9 to 4.9 hours while berth productivity peaked.Furthermore, the analysis shows extensive time wastage between arrivals at a port to completion of the berthing process. Of the 25,000 vessel calls analyzed in the top 30 ports during the first half of 2016, average waiting time varied by region from 0.4 hours in North America to a whopping 7.3 hours in the Mediterranean, with a global average of 4.7 hours of idle time per vessel call being consumed.“Even with a generous target of three hours of waiting per call, 1.7 hours of every port call can be eliminated and converted to slower sailing, which for the industry’s 400,000 port calls per year could add up to a potential value pool of close to USD 1 billion,” Lane said.
Mumbai: The brand value of Indian Premier League (IPL) has jumped 7 percent to USD 6.8 billion in 2019, with the value of the Mumbai and Chennai franchisees rising the fastest, says a report. However, the Shahrukh Khan-co-owned Kolkata franchise, along with embattled Vijay Mallya’s Bengaluru franchise saw an 8 percent decline in their valuations, Duff & Phelps, a consultancy, said in the report Thursday. The Board of Cricket Control in India launched the premier T20 cricketing league in 2008 with eight teams owned by corporates. Following its success, two more teams were created later but the number is down to eight again. Also Read – Thermal coal import may surpass 200 MT this fiscal The Mukesh Ambani-owned Mumbai Indians, the winner of four editions, saw an 8.5 percent increase in valuation to Rs 809 crore–making it the most valued team, while the India Cements-owned Chennai Super Kings’ value shot up 13.1 percent to Rs 732 crore. The Jindals-co-owned Delhi Capitals saw it value increasing 8.9 percent to Rs 374 crore in the reporting year. Apart from the Bengaluru and Kolkata franchisees, the Rajasthan Royals, co-owned by the media mogul Murdoch family, also saw a decline in valuation, to Rs 271 crore from Rs 284 crore a year ago. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boost “Our assessment of the brand value of the various franchises also takes into consideration the effectiveness and transparency of their management teams,” the report said, adding controversies had impacted the brand earlier. The report said it is imperative for the teams to engage fans more actively off the field to increase their valuation just like the football clubs in Europe. “We have seen that IPL has still not been able to capitalise on the merchandising market, which is a major source of revenue for sporting brands across the world,” the report said.
Wuhan (China): Wimbledon champion Simona Halep was left disappointed Wednesday after suffering a fresh injury setback in China that forced her to retire from the Wuhan Open with a lower back problem. Halep said the problem that caused her to quit her third-round match felt different to the herniated disc she had suffered at the China Open in Beijing a year ago which brought an early end to the Romanian’s 2018 season. “It’s lower back. I think it’s more muscle, but I don’t know yet because I haven’t checked it properly,” said two-time Grand Slam champion Halep. Also Read – We will push hard for Kabaddi”s inclusion in 2024 Olympics: Rijiju The world number six led Elena Rybakina by a break and looked on her way to win the first set before her Kazakh opponent drew level. During the changeover after the ninth game Halep took a medical timeout for treatment to her back, but soon after the former world number one retired while serving at 4-5, 30-30. “At 4-4, 0-30 with the backhand, I had a sharp pain,” Halep revealed. “I don’t know yet, but it looks a little bit different [to the injury I had before], but it’s still the same zone. Also Read – Djokovic to debut against Shapovalov at Shanghai Masters “I started to play well this tournament. I’m disappointed it happened again with the back.” Halep remains in contention for one of the remaining six spots at the year-end WTA Finals in Shenzhen and is uncertain how her injury will affect the rest of her season. She is entered in the China Open which will begin in Beijing at the weekend. World number 50 Rybakina advances to her fifth quarter-final of the season, her first at a premier-level tournament, where she will play either Aryna Sabalenka or Kiki Bertens.