The 2nd Annual Shipping Finance China Summit 2011

Examining how ship-owners, shipbuilders and financiers can capitalise on China’s growing shipping and ship-financing industries

As part of Finance IQ’s Shipping Finance summit series, the 2nd annual Shipping Finance China Summit 2011 is the year’s largest gathering of Chinese and foreign financiers, ship-owners, shipbuilders, Chinese government officials and regulators to discuss the key ship-financing strategies in China and explore opportunities presented by the rapid development of China’s shipping and ship-financing sectors.

Led by senior representatives of Chinese regulators, this summit holds the key to grasping China’s shipping and ship-financing policies to successfully capitalise on the growing opportunities in the Chinese ship-financing market.

Key conference highlights:

Chinese regulators will discuss key shipping and ship-financing government regulations and its impact on the future of China’s shipping and ship-financing sectors
Hear Chinese bank’s perspectives on effective strategies to secure bank loans from Chinese ship-financiers and their key considerations when financing foreign ship-owners
Evaluating how Chinese banks can establish collaborations with foreign banks to successfully venture into the international market
Hear foreign ship-financiers discuss their loan assessment criteria and how they are overcoming key challenges when entering the Chinese ship-financing market
Alternative ship-financing channels in China—ship leasing, export credit agencies and ship funds
Examining the Chinese government’s policies to drive the shipbuilding industry and how it contributes to developing China into the world’s leader in shipbuilding
Leveraging on China’s rapidly growing shipping and ship-financing industry—how Chinese ship-owners can secure bank loans and effectively manage cash and working capital

What Shipping Finance China 2010’s participants had to say about the event:

Good update and hearing of different perspectives of shipping finance from various owners, bankers, export agencies etc

Amanda Choy, Finance Manager, PIL

Good topics, good speakers, good discussions!

Matthias Umlauf, Head of Corporate Communications, HSH Nordbank

Happy with the contents of the conference. Relevant to what we are looking at.

Judy Ang, Financial Controller, The China Navigation Company Pte Ltd

Hacker steals Hyundai Capital customer data for blackmail scam

11 April, 2011 – 10:55

A hacker has broken into the computer systems of South Korea’s Hyundai Capital, stealing personal information on around 420,000 customers and using it to blackmail the company.

According to the Yonhap news agency, the firm – a unit of car giant Hyundai Motor Group – only found out about the breach when it received a blackmail e-mail from the hacker on Thursday demanding money in return for the data.

Hyundai called in the police and transferred 100 million won into an account designated by the blackmailer who has already withdrawn 47 million Won, says Yonhap, adding that police have CCTV footage of a man taking cash from a Seoul ATM.

Police believe the hacker gained access to Hyundai Capital’s data from servers in the Philippines and Brazil.

South Korea’s Financial Supervisory Service has launched a special investigation into the breach, warning that Hyundai could be sanctioned if it emerges that customer passwords were not encoded.

South Korea’s president Lee Myung-Bak has also entered the fray, telling aides that “as society becomes more information-oriented, protection of personal information is ever more important,” according to AFP.

Watchdog probes Hyundai Capital over information leak – Yonhap

Hyundai Capital’s data leaked through servers in Philippines, Brazil: police – Yonhap

fisher capital management strategies: EarthTalk: Are temporary tattoos safe?

BY E/THE ENVIRONMENTAL MAGAZINE

EMAGAZINE.COM

Dear EarthTalk: My daughter loves those press-on tattoos, and they’re frequently given out at birthday parties and other events. But I’ve noticed the labels say they’re only for ages three and up. Are they safe? If not, are there alternatives?

- Debra Jones, Lansing, Mich.

For the most part, so-called temporary tattoos are safe for kids and grown-ups alike, even if they do contain a long list of scary sounding ingredients including resins, polymers, varnishes and dyes. But if they are sold legitimately in the U.S., their ingredients have been approved by the U.S. Food and Drug Administration (FSA) as cosmetics, meaning the agency has found them to be safe for “direct dermal contact.” The FDA has received reports of minor skin irritation including redness and swelling, but such cases have been deemed “child specific” and were not widespread enough to warrant general warnings to the public.

Those who are concerned anyway but still want a temporary tattoo might consider an airbrush tattoo – they are sprayed on over a stencil using FDA-approved cosmetic inks. The rub on these in the past was that they didn’t last very long, but new varieties are reported to last two weeks, and can be easily removed prior to that with isopropyl alcohol, just like their “press-on” cousins.

Another alternative way to go is henna-based tattoos, which typically do not contain any additives whatsoever. Henna is a flowering plant used since the days of our earliest civilizations to dye skin, fingernails, hair, leather and wool – and it makes for a relatively natural – although monotone – temporary tattoo.

But the FDA warns consumers to steer clear of any temporary tattoos labeled as “black henna” or “pre-mixed henna,” as these have been known to contain potentially harmful adulterants including silver nitrate, carmine, pyrogallol, disperse orange dye and chromium. Researchers have linked such ingredients to a range of health problems including allergic reactions, chronic inflammatory reactions and late-onset allergic reactions to related clothing and hairdressing dyes. Neither black henna nor pre-mixed henna are approved for cosmetic use by the FDA and should be avoided even if they are for sale in a reputable store.

Something else to watch out for are the micro-injection machines used by some professional temporary tattoo artists such as might be hired for a corporate event or a festival. While getting a microinjection-based temporary tattoo may not hurt, it does puncture the skin. The United Kingdom’s Health and Safety Executive recently issued a warning that improperly cleaned machines could facilitate the spread of infectious diseases including HIV and hepatitis. As a result, several types of micro-injection machines with internal parts that could carry contamination from one customer to another have been banned there. Such machines aren’t as popular in the U.S., but if you aren’t sure, it’s best to avoid it. The more familiar press-on temporary tattoos are a safer bet regardless.

Just in case you’re worried that the FDA isn’t checking, the agency has in the recent past issued import blocks on temporary tattoos that do not comply with federal labeling regulations; buyers beware that the ones you get should clearly list their ingredients on the packaging per FDA requirements.

CONTACTS: FDA, www.fda.gov; United Kingdom’s Health and Safety Executive, www.hse.gov.uk.

EarthTalk is written and edited by Roddy Scheer and Doug Moss and is a registered trademark of E – The Environmental Magazine (www.emagazine.com). Send questions to: earthtalk@emagazine.com. Subscribe: www.emagazine.com/subscribe. Free Trial Issue: www.emagazine.com/trial.

fisher capital management strategies: Cold War Vet Spied On Communists- Launched into history

Casa Grande man was Navy intelligence agent and first to fire a Polaris missile

By LARRY LOCKHART
News Editor

Published: Friday, April 1, 2011 9:23 AM MST

Steven King/Dispatch, Ward Roy, a World War II and Korean War veteran, talks about his military experiences Wednesday afternoon at his home in Casa Grande.

Ward Roy lived an exciting life during his 21-1/2 years enlisted in the Navy. Some might say it was a charmed life.

“Hitler saved my life,” Roy said recently in the living room of his Casa Grande home.

That’s because Roy, now 90, was serving in the Navy at Pearl Harbor in Honolulu in 1940 and part of 1941. But because the Germans were disrupting shipping in the Atlantic Ocean, the unit with which Roy served was moved to the Atlantic to chase German submarines. Not long after, on Dec. 7, 1941, the Japanese bombed Pearl Harbor. The surprise attack sank eight U.S. ships and killed 2,402 men, wounding 1,282 more.

“We were based in Bermuda, patrolling in the Azores,” Roy explained. “We came in off patrol on a Saturday night. The attack on Pearl Harbor was Sunday afternoon [Bermuda time].”

Though he was in relative safety in the Atlantic, Roy’s discharge from the service was postponed.

“I had 42 days to do when they bombed Pearl Harbor,” he said. So instead of shipping off to New York the night of the attack to prepare to be discharged, it was more duty for the young electronic technician. He already had served nearly four years after enlisting Feb. 2, 1938.

The excitement was just beginning for Roy. He later served on the USS George Washington, one of the nation’s ballistic missile submarines. He was an inadvertent intelligence agent during the occupation of Japan after World War II when activists were trying to gain information to block formation of the Southeast Asia Treaty Organization, or SEATO. He also gave the order to fire the first two Polaris test missiles in 1960.

“We went from submarine to submarine checking their missiles before they test fired,” Roy said. He added that his unit had about 500 pounds of “mobile” equipment, broken down into sizes that would fit through a submarine’s hatch, along with “several miles of cable.”

He served in the occupation force in Japan from December 1945 to February 1947 and became an unofficial intelligence agent by accident. He and a couple of buddies had stopped in a bar for a while one evening, and the locals seemed suspiciously intent on separating him from his friends. He reported the incident to superiors after returning to his ship and was taken to see intelligence officers not long after that.

It turns out the bar he had visited was a known hangout for communists trying to disrupt SEATO, but the activists knew all of the U.S. intelligence agents so they weren’t able to infiltrate the bar. He was asked if he was willing to work for them and immediately agreed. It helped that he had a Japanese girlfriend and knew the Japanese language, though he didn’t let that be known in his subsequent visits to the bar. Whenever the communists would begin speaking Japanese, he’d ask his girlfriend “What are they saying?” when in fact he understood most of their conversations and reported back on what he heard. He said he spent five months as an agent.

After losing a civilian job after the war and being single, Roy enlisted again when the Korean War started. His final tour was spent riding trains out of Los Angeles in a mixed-branch military police operation. Some of those trains plied Southern Pacific rails through Casa Grande, though he didn’t move here until April 2003. A native of Massachusetts, he lived south of Denver before coming to Casa Grande eight years ago.

Arizona’s heat doesn’t bother him, he said. “I worked in the boiler room,” he explained.

fisher capital management strategies >> Cold War Vet Spied On Communists- Launched into history

Casa Grande man was Navy intelligence agent and first to fire a Polaris missile

By LARRY LOCKHART
News Editor

Published: Friday, April 1, 2011 9:23 AM MST

Steven King/Dispatch, Ward Roy, a World War II and Korean War veteran, talks about his military experiences Wednesday afternoon at his home in Casa Grande.

Ward Roy lived an exciting life during his 21-1/2 years enlisted in the Navy. Some might say it was a charmed life.
“Hitler saved my life,” Roy said recently in the living room of his Casa Grande home.
That’s because Roy, now 90, was serving in the Navy at Pearl Harbor in Honolulu in 1940 and part of 1941. But because the Germans were disrupting shipping in the Atlantic Ocean, the unit with which Roy served was moved to the Atlantic to chase German submarines. Not long after, on Dec. 7, 1941, the Japanese bombed Pearl Harbor. The surprise attack sank eight U.S. ships and killed 2,402 men, wounding 1,282 more.
“We were based in Bermuda, patrolling in the Azores,” Roy explained. “We came in off patrol on a Saturday night. The attack on Pearl Harbor was Sunday afternoon [Bermuda time].”
Though he was in relative safety in the Atlantic, Roy’s discharge from the service was postponed.
“I had 42 days to do when they bombed Pearl Harbor,” he said. So instead of shipping off to New York the night of the attack to prepare to be discharged, it was more duty for the young electronic technician. He already had served nearly four years after enlisting Feb. 2, 1938.
The excitement was just beginning for Roy. He later served on the USS George Washington, one of the nation’s ballistic missile submarines. He was an inadvertent intelligence agent during the occupation of Japan after World War II when activists were trying to gain information to block formation of the Southeast Asia Treaty Organization, or SEATO. He also gave the order to fire the first two Polaris test missiles in 1960.
“We went from submarine to submarine checking their missiles before they test fired,” Roy said. He added that his unit had about 500 pounds of “mobile” equipment, broken down into sizes that would fit through a submarine’s hatch, along with “several miles of cable.”
He served in the occupation force in Japan from December 1945 to February 1947 and became an unofficial intelligence agent by accident. He and a couple of buddies had stopped in a bar for a while one evening, and the locals seemed suspiciously intent on separating him from his friends. He reported the incident to superiors after returning to his ship and was taken to see intelligence officers not long after that.
It turns out the bar he had visited was a known hangout for communists trying to disrupt SEATO, but the activists knew all of the U.S. intelligence agents so they weren’t able to infiltrate the bar. He was asked if he was willing to work for them and immediately agreed. It helped that he had a Japanese girlfriend and knew the Japanese language, though he didn’t let that be known in his subsequent visits to the bar. Whenever the communists would begin speaking Japanese, he’d ask his girlfriend “What are they saying?” when in fact he understood most of their conversations and reported back on what he heard. He said he spent five months as an agent.
After losing a civilian job after the war and being single, Roy enlisted again when the Korean War started. His final tour was spent riding trains out of Los Angeles in a mixed-branch military police operation. Some of those trains plied Southern Pacific rails through Casa Grande, though he didn’t move here until April 2003. A native of Massachusetts, he lived south of Denver before coming to Casa Grande eight years ago.
Arizona’s heat doesn’t bother him, he said. “I worked in the boiler room,” he explained.