IATA has increased its drive to get the air cargo industry to digitise, but has warned that business models need to change to incorporate data.“We are at a crossroads,” said Ariaen Zimmerman, head of Cargo iQ. “We can no longer wander; we need digitisation.“But there is a lack of business model. We are not capable of transferring it properly into a digital world,” he said yesterday at an IATA webinar on the future for air cargo.Henk Mulder, head of digital cargo for IATA, pointed out that airlines had recently proven how adaptable they could be – “a very positive sign”. © Suwanb By Alex Lennane 17/06/2020 But, he added: “There is still reliance on the physical presence of documents,” noting that paper is now a biosafety hazard.Key to any change, he said, was the realisation that the industry should move away from documents – even digitised ones.“The focus must shift from documents to data. There are good reasons for resistance, but they are not good enough.“The tech infrastructure is there, the technology part is ready. And if you move to data you can draw intelligence from that data, and automate.”In a sign that air cargo is beginning to look outside its own silo, Mr Mulder added that “digitisation must be in all modes, and we have to look to work with all modes as well as national authorities”.IATA recently helped the Digital Container Shipping Association (DCSA) with advice as it tries to push the containership industry to digitise.“It would be crazy not to seek IATA’s advice, given the experience they’ve had,” said its chief executive, Thomas Bagge, last month.Digitisation should not mean service standardisation, though, warned Mr Mulder, noting that one potential risk was “vendor lock-in and standards lock-in”.Mr Zimmerman added: “Customers have different service needs and options. There are different ways of offering services, and different service commitments.”He pointed out that some customers would need a ‘must go now’ service at any cost, while others might have a week to play with. He pointed out that some customers would book early, in case there was a problem – ie, they did not trust the quality of the product.“We need to address the distribution model, and we need flexible digitisation that mirrors the business model. Different companies do things in different ways. As an interdependent industry, we need to work together.”A brief survey of attendees showed that 40% were continuing current digitisation projects as planned, despite Covid-19. Although 21% had deferred projects, 14% had deferred but were now expecting to restart.Some 43% said their short-term focus would be on operational process efficiency, while 12% were focusing on data projects and 22% on increased automation.
Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Adoption of AI/ML can disrupt healthcare services COVID-19 vaccination driveCOVID-19 vaccinevaccination coverage The missing informal workers in India’s vaccine story India has become the third topmost country in the world in terms of the number of COVID–19 vaccine doses administered. Only the United States and the United Kingdom remain ahead of India.12 States in India have vaccinated more than two lakh beneficiaries each. Uttar Pradesh alone accounts for 6,73,542 of all vaccinated beneficiaries.As on February 7, 2021, total of 57.75 lakh (57,75,322) beneficiaries have received the COVID–19 vaccine under the countrywide COVID–19 vaccination exercise. The cumulative vaccination coverage includes 53,04,546 healthcare workers and 4,70,776 frontline workers.In the last 24 hours, 3,58,473 beneficiaries were vaccinated across 8,875 sessions.1,15,178 sessions have been conducted so far.There has been a sustained increase in the number of beneficiaries being vaccinated every day.In another significant development, the country has reported less than 80 daily deaths in the last 24 hours, lowest in nine months. Share COVID-19 Updates Happening Now News Menopause to become the next game-changer in global femtech solutions industry by 2025 Read Article Phoenix Business Consulting invests in telehealth platform Healpha WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals By Press Information Bureau on February 8, 2021 India is now third topmost country with highest doses of COVID–19 Vaccine administered There has been a sustained increase in the number of beneficiaries being vaccinated every day Related Posts MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Comments (0) Add Comment
One New York Plaza, One Madison Avenue and 605 Third Avenue top the list of largest real estate loans. (Brookfield, Wikimedia Commons, Fisher Brothers) The 10 largest Manhattan loans recorded in December totaled $2.1 billion, a slight decrease from November’s total.For the second month in a row (and the third time in four months), the biggest was a single-asset, single-borrower CMBS loan on an office building co-owned by Brookfield. The CMBS market produced three of the month’s top four, with the exception being a construction loan for SL Green’s next major office development.Here were the borough’s largest real estate loans in December:1) SASBrookfield | $835 millionWells Fargo, Goldman Sachs and BMO Harris Bank originated an $835 million loan for Manhattan’s southernmost skyscraper, One New York Plaza. Brookfield acquired the 50-story, 2.6 million-square-foot office building in 2006 as part of its acquisition of Trizec Properties, and in 2016 sold a 49 percent stake to Chinese sovereign fund China Investment Corporation and 16 percent to AEW Capital Management. Morgan Stanley occupies more than half of the total space.2) Mad money | $425 million (recorded amount)SL Green Realty landed a $1.25 billion construction loan for its One Madison Avenue office redevelopment, of which $425 million was recorded in property records last month. The loan was provided by a consortium of banks including Wells Fargo, TD Bank, Goldman Sachs, Bank of America, Deutsche Bank and Axos Bank. In May the developer sold 49.5 percent of its interest in the 1.4 million-square-foot, $2.3 billion project to Hines and the National Pension Service of Korea.3) Fisher price | $309 million (senior debt)Morgan Stanley provided a $309 million CMBS refinancing for Fisher Brothers and JPMorgan Asset Management’s 605 Third Avenue, a 44-story, 1.1-million-square-foot office tower near Grand Central Terminal and the United Nations. In October, JPMorgan put its 49 percent stake on the market, aiming for a price that would value the building at about $600 million. JPMorgan bought the stake in 2015 from Rockpoint Group.4) Elo rating | $141 millionJack Elo’s Elo Organization secured $141 million in CMBS financing from Citi Real Estate Funding for a trio of Diamond District office properties. The loan financed Elo’s $110 million acquisition of 15 West 47th Street from the Chetrit family and also replaced debt on 151 West 46th Street and 48 West 48th Street, which the landlord has owned since 2001. In addition to numerous jewelry industry tenants, major tenants in the portfolio include Cuban restaurant Havana Central.5) Best… bye | $122 million (senior debt)Silverstein Properties landed a $171 million refinancing from JPMorgan Chase for 529 Fifth Avenue in Midtown, of which $122 million hit public records. The 283,000-square-foot, 20-story building’s retail tenant, Best Buy, is set to move across the street to Moinian Group’s 535 Fifth Avenue this year, and anchor office tenant Citrin Cooperman has announced that it will depart in September. The landlord will undertake major renovations following these vacancies.6) *Cooperative* Bank | $70 millionNational Consumer Cooperative Bank provided $69.9 million in leasehold financing for Rivercross, a 365-unit cooperative at 531 Main Street on Roosevelt Island. The former Mitchell-Lama building was privatized in 2014, making it the first privatized co-op on the island.7) Pinnacle portfolio | $64 millionJoel Wiener’s Pinnacle Group, listed on the Tel Aviv Stock Exchange as the Zarasai Group, raised $64 million through a new Israeli bond series secured by four New York multifamily properties. These include the 84-unit 3647 Broadway and 79-unit 3657 Broadway in Manhattan, as well as the 90-unit 86-06 35th Avenue in Queens and the 53-unit 143 Linden Boulevard in Brooklyn. The Series E bonds have an interest rate of 5.45 percent and mature in 2025.8) Mortgageside | $51 millionPrincipal Life Insurance Company provided a $51 million refinancing for Morningside Gardens, a six-building, 982-unit co-op complex between LaSalle Street and West 123rd Street in Morningside Heights. According to property records, the loan replaces a $38.5 million package provided by Wells Fargo in 2011.9) Chetrit check | $49 millionChetrit Group received a $49.25 million senior inventory loan from Axos Bank for 51 unsold condo units at 49 Chambers Street in Tribeca. Also, Silverstein Properties issued a $41.5 million mezzanine loan for the units. Loan proceeds were used to pay off part of the 97-unit condo project’s existing loans, which were issued by SL Green Realty in early 2019 and later sold to Silverstein.10) Mystery mansion? | $32 millionFirst Republic Bank provided $32 million in financing to an anonymous LLC to fund its $26 million acquisition of a five-story garage at 332 West 11th Street in the West Village, as well as future development on the site. No plans have been filed with the Department of Buildings. Curbed reported in 2019 that the seller, Jack Jakub of Apple Parking, was seeking nearly $50 million for the site, dubbed “one of the last mega-mansion opportunities in the West Village.” This content is for subscribers only.Subscribe Now
People Slammed By Massive Waves 4 Rebekah Vardy scores an impressive penalty in six-inch heels 10 INCREDIBLE Space Launch Failures! F1 is back, and that means the return of sausage kerbs.However, they were fiercely criticised after a number of accidents in last year’s calendar.The sausage kerbs (in yellow) have become a regular sight at F1 races this seasonCredit: AFP or licensorsWhat are sausage kerbs?These kerbs sit off the track on fast corners of the track and can look like little ramps.They have been in place across motorsport for some time, but they are a relatively new introduction into Formula 1.The objective of them is to discourage drivers from running wide.This was as they looked to reduce the number of collisions into barriers and potential damage to cars going off road.Alex Peroni thankfully survived a horrific crash, after his car was sent flying into the airCredit: Fox Why have they been criticised?Simply, they are not working and making matters worse.Sophia Floersch’s horrendous crash at Macau last year, in which the German driver flew in the air, landing in the fence on the street circuit, was one of the first incidents.Peroni’s accident in Italy is another prime example, while Red Bull team principal Christian Horner claimed that the sausage kerbs had caused £250,000 worth of damage to them at Red Bull Ring in Austria.Following Peroni’s crash, the damaged sausage kerb was removed, causing a delay to proceedings.Motorsport is already in a state of shock following the death of 22-year-old Anthoine Hubert, who lost his life after his car was split in half after a crash in the Belgium Grand Prix.F3 driver Sophia Floersch is another to have barely escaped from a crash, with sausage kerbs once again to blameCredit: AP:Associated Press Travel Diary // Vietnam 2017 Source: Motorsport – thesun.co.uk 8 MOST DANGEROUS RAINS of All Time | TOP 10 INTERESTING Real or Fake? Shark Attacks Helicopter Top 5 Best Budget Hotels In Dubai under AED 400 a night. What’s This “Trick” Called? Comment Down Below!!