SAAM to Invest USD 1335 Mn in 2017

first_imgzoom Chilean port, towage and logistics services provider SAAM has announced plans to invest a total of USD 133.5 million this year.The company intends to invest USD 85 million in maintenance and extension of its current assets – San Antonio Terminal Internacional, Terminal Portuario Guayaquil and San Vicente Terminal Internacional.SAAM materialized the acquisition of two concessions in Puerto Caldera, the second largest port in Costa Rica, for USD 48.5 million. The company now controls 51% of Sociedad Portuaria de Caldera (SPC) and of Sociedad Portuaria Granelera de Caldera (SPGC), whose transferred annual volume totals 5.5 million tons.In the past four years, the company has invested a total of USD 500 million in equipment and infrastructure.In 2016, SAAM’s earnings amounted to USD 54.5 million, representing a 5.6% growth.“Thanks to our portfolio diversification and adequate commercial strategy, we recorded a good performance during difficult times for the industry. We offset the drop in markets like Brazil, Mexico, and particularly Chile, and strengthened others such as Peru and Central America. We keep a significant cash flow and dividends for our shareholders,” Felipe Joannon, the company’s Chairman of the Board, said.Last year, SAAM inaugurated the new dock in San Vicente Terminal Internacional, Chile, which increased its capacity by 40%. Additionally, the company inaugurated a system for the reception, warehousing and shipping of mineral concentrates in Terminal Internacional del Sur, Peru. SAAM also completed the tugboat fleet renovation process.Furthermore, Joannon drew attention on “a cautious assessment” of the need for a mega port in the central zone.“The current port infrastructure, with the construction of new terminals in San Antonio and Valparaíso and the ongoing extensions, ensure enough capacity to support foreign trade efficiently in the next 10 to 15 years. We believe that the current priority is to significantly improve the terminals’ connectivity and complementary infrastructure”, he added.last_img read more

Find Out Who Helmed The Top Grossing Tours Of 2018

first_imgNews Twitter What Were The Top Grossing Tours Of 2018? find-out-who-helmed-top-grossing-tours-2018 Email In a year full of blockbuster tours, which artists came out on top in terms of earnings?Philip MerrillGRAMMYs Dec 6, 2018 – 4:33 pm This has been a big year for big tours, with many of today’s biggest artists raking in big revenue. But who brought in the most dough? As it turns out, Ed Sheeran tops Billboard’s ranking of 2018’s top-five tours ranked by gross. Having performed 99 shows, with attendance of more than 4.8 million in his audiences, Sheeran’s tally is a towering $429 million total. The four-time GRAMMY winner added his latest wins earlier this year at the 60th GRAMMY Awards, with Best Pop Solo Performance for “Shape Of You” and Best Pop Vocal Album for ÷ (Divide).Coming in second place on Billboard’s list with 48 shows is Taylor Swift, who entertained 2.6 million in her audiences, taking away $315 million. Swift’s career total of GRAMMY wins is 10 to date.Third on the list is the power couple Beyoncé and Jay-Z—The Carters—whose On The Run II Tour had 48 performances with audiences of 2.1 million and a gross of $253 million. As of now, Beyoncé has one more GRAMMY win than Jay-Z. She has 22 and he has 21. Their single “Apes**t” and its music video is now the basis of a tour at the Louvre Museum. Find Out Who Helmed The Top Grossing Tours Of 2018 https://twitter.com/Pink/status/1069840112882606080 Facebook Bruno Mars placed fourth, giving 100 performances for audiences totaling 1.9 million, with a gross of $237 million. His career GRAMMY wins of 11 include six from last year as he swept the categories he was nominated in. At the 60th GRAMMY Awards, the album 24K Magic and its single of the same name won Album Of The Year, Best R&B Album and Record Of The Year. Mars’ “That’s What I Like” won Best R&B Performance, Best R&B Song and Song Of The Year.Fifth is P!nk, giving 88 performances for audiences of 1.2 million with a gross of $180 million. Pink is a three-time GRAMMY winner. Her most recent album is Oct. 2017’s Beautiful Trauma. At this coming GRAMMY Week, she will perform at the MusiCares Person Of The Year gala honoring Dolly Parton.For the casual music fan and industry enthusiast alike, there is something awesome about the scale of these numbers that is represented in the six GRAMMY winners above, themselves. The dollars, the audiences, the hard work and most of all the art are, taken together, tremendous accomplishments. Touring is an industry based on live music and many more capable performers ensure its vitality. But there is something to marvel at even in the top five alone.Carrie Underwood On Why She Is Supporting The Women On Her New TourRead morelast_img read more

Pop theatre Manto flavour of NSD fest

first_imgThe crossover between literature, performance, classicism and its modern interpretations will be on showcase at the 15th Bharat Rang Mahotsav, the National School of Drama’s (NSD) annual theatre festival.The festival will celebrate the legacy Saadat Hasan Manto, William Shakespeare and popular theatre in the perspective of the modern Indian stage.Announcing the 15-day theatre gala, NSD chairperson Amal Allana said the festival will bring to the Capital and twin venue of Jaipur a total of 87 plays, lectures, interactions, offsite projects and special packages. It will open with Also Read – ‘Playing Jojo was emotionally exhausting’Atmakatha, a two-hour play directed by Vinay Sharma, featuring former Bollywood actor Kulbhushan Kharbanda. It will mark the actor’s return to the stage, Allana said. ‘The wider variety of plays this year has allowed us to package them into categories. The ‘Manto section’ has six plays adapted from stories by Manto and the section on Shakespeare will explore the ‘inter-cultural influence on the dramatist’ with seven productions,’ Allana said, adding: ‘The focus will be on popular theatre that evolved from the Parsi form of theatre in the second half of 19th century.’ The 450 entries from which 87 were shortlisted were from across regions and genres that were not always ‘dependent on the government for support’. Also Read – Leslie doing new comedy special with NetflixThe Indian panorama with 11 productions and 52 other performances — adaptations, re-visitings, improvisations, devised plays and traditional renditions — will reflect contemporary theatre practises. The Shakespeare panorama will play host to the likes of indigenous improvisations of King Lear, a solo performance from Turkmenistan, an Assamese adaptation of Julius Caeser, a Hindi makeover of Twelfth Night, Piya Behroopia that played at the Globe Theatre in London last season, Footsbarn Theatre’s Indian Tempest as physical theatre. Wendy Jehlen of the US will present excerpts from Hamlet, Macbeth, Othello and Titus Andronicus in a choreographed non-verbal piece as The Knocking Within.A Malayalee adaptation, Yamadoothu: After the Death of Othello in Malayalam from Kerala, based on Shakespeare’s Othello will also be staged. Pointing to the trends in Indian contemporary theatre, Amal Allana said: ‘the trend to go back to traditional forms of theatre has waned’.‘We don’t have to go back to folk theatre and traditional theatre to sustain contemporary theatre. Plays are being staged as performances and devised scripts. There is more exchange and effort between theatre people because of greater a sense of participation and lack of original scripts,’ Allana said.She said: ‘The complexity of new theatre has brought in wake more non-verbal plays and physical theatre’. NSD director Anuradha Kapur said ‘there was a flowering of another kind of script that were meant to be read. We are reading scripts and performing them as well’. Bharat Rang mahotsav will feature plays divided into several categories.last_img read more

Elon Musks SpaceX Plans Hyperloop Contest

first_img Hear from Polar Explorers, ultra marathoners, authors, artists and a range of other unique personalities to better understand the traits that make excellence possible. 3 min read June 15, 2015 Listen Now The SpaceX rocket company announced something completely different on Monday: a Hyperloop pod competition that would follow up on a high-speed transit concept laid out by the company’s billionaire founder, Elon Musk.The contest would reach its climax next June with pod races at a roughly mile-long (1.6-kilometer-long) Hyperloop test track that will be built next to SpaceX’s headquarters in Hawthorne, California, according to documents obtained by NBC News.Musk conceived of the Hyperloop in 2013 as a network of pneumatic tubes through which aerodynamically designed passenger pods could travel at speeds of up to 760 mph (1,220 kilometers per hour). He suggested that a trip between San Francisco and Los Angeles could take a mere 35 minutes, for a price of $20 one-way.The contest announced Monday marks the most concrete step Musk has taken to turn the multibillion-dollar Hyperloop into a reality.Two years ago, Musk said he couldn’t get involved in building the Hyperloop, due to the crush of his duties as CEO of SpaceX and Tesla Motors. Since then, several other groups have tried to push the concept forward. One venture, called Hyperloop Transportation Technologies, is working on a deal to build its own 5-mile test track in central California. Another startup, Hyperloop Technologies, is building hardware.Epic day! Building the hardware and tech to help make Hyperloop a reality. pic.twitter.com/NJtxFU0Ugf— HyperloopTech (@HyperloopTech) June 12, 2015″We are excited that a handful of private companies have chosen to pursue this effort,” SpaceX said in a statement. “Neither SpaceX nor Elon Musk is affiliated with any Hyperloop companies. While we are not developing a commercial Hyperloop ourselves, we are interested in helping to accelerate development of a functional Hyperloop prototype.”Hence the fast-track pod competition.SpaceX said the contest would be geared toward university students and independent engineering teams. Their task would be to design and build half-scale passenger pods, in accordance with design specifications that are to be released in August.Teams have to signal their formal intent to compete by Sept. 15. A “design weekend” would be held at Texas A&M University on Jan. 9, 2016. During that event, the teams’ proposed designs would be vetted by a panel of experts from SpaceX, Tesla and universities.The finished pods would be pitted against each other on the test track in June 2016. The track would be less than full scale, with an inner diameter of 4 to 5 feet (1 to 1.5 meters). No humans would be allowed on the pods during the competition, SpaceX said.”The knowledge gained here will continue to be open-sourced,” SpaceX said. “Break a pod!”SpaceX updated its Hyperloop Web site with information about the competition, and kicked its @Hyperloop Twitter account into gear on Monday.Word of the contest follows through on Musk’s musings about the Hyperloop in January, when he told attendees at the Texas Transportation Forum that he was thinking about building a test track. (At that event, however, Musk said the track would “most likely” be built in Texas.) He said a Hyperloop test program could be modeled after the Formula SAE student competition for automobile design.”People could compete, say, who could make the pod go the fastest, and maybe compete on other dimensions,” Musk said in January. “I think that could be pretty fun.” This story originally appeared on CNBC How Success Happenslast_img read more