Volumes of cargo transportation in 2021, mln tons
American automaker Ford Motor has delayed deliveries of some vehicles due to the lack of blue oval badges with the company’s logo.
According to The Wall Street Journal, citing sources, the company is faced with a shortage of nameplates and plates indicating the model, which are attached to the car body and are important identifiers for the automaker’s products.
A spokesman for the company confirmed to the publication that deliveries of a number of vehicles were delayed due to missing badges. This is yet another example of how hard supply chain problems have hit automakers, the WSJ notes.
Ford has been considering a number of workarounds, such as 3D-printed nameplates, until supplies are restored, the sources said. But such substitutes do not inspire confidence, and may not meet the high quality bar of the automaker, the management decided.
Earlier this week, the company warned investors that high inflation and a lack of spare parts were leading to lower supplies. As a result, from 40,000 to 45,000 vehicles will remain in the company’s warehouses by the end of the third quarter due to the lack of a number of parts.
However, Ford reiterated its guidance for 2022, which suggests that adjusted earnings before taxes and interest payments could be $11.5-12.5 billion. In the third quarter, this figure is expected to be in the region of $1.4-1.7 billion.
Ford shares fell 5.4% in trading on Friday. Since the beginning of this year, the automaker’s market value has collapsed by almost 42%, while the Standard & Poor’s 500 stock index has fallen by about 23%.
TAS Insurance Group (Kyiv) in January-August 2022 paid UAH 589.22 million as compensation, which is 19.3% less than in the same period a year earlier (UAH 730.58 million), according to the company’s website.
At the same time, it is noted that 27.1% of the total insurer’s payments fall on KASKO (UAH 159.66 million), 40.19% – on OSAGO (UAH 236.81 million), 14.97% – on Green Card (UAH 88.21 million).
Voluntary medical insurance accounted for 13.34% of all payments, or UAH 8.61 million.
At the same time, under property insurance agreements, TAS paid UAH 5.42 million for the specified period, which is 5.6% more than a year ago.
The volumes of payments under other insurance contracts also increased by 20.9%: in January-August of this year, TAS paid a total of UAH 20.51 million on them.
TAS was registered in 1998. It is a universal company offering customers over 80 types of insurance products for various types of voluntary and compulsory insurance. It has an extensive regional network: 28 regional directorates and branches and 450 sales offices throughout Ukraine.
Busin Insurance Company (Kyiv) has resumed the operation of the largest obligatory aviation liability reinsurance contract on the Ukrainian insurance market with a limit of $550 million and an obligatory reinsurance contract for aviation CASCO with a capacity of $6 million, according to the website of the insurer.
It is also noted that the well-known syndicates of Lloyds and the world’s leading companies with a high rating of financial reliability are involved in reinsurance contracts. The obligatory program fully applies to retrocession risks, which guarantees prompt consideration of proposals and reliable coverage of risks from reinsurance partners.
SK “Busin” was registered in February 1993. Specializes in risk types of insurance. He is a member of a number of professional and industry associations: the League of Insurance Organizations of Ukraine, the National Insurance Claims Club, the International Association of Aviation Insurers (UA), the Nuclear Insurance Pool, the American Chamber in Ukraine, the British Business Club.
Kyiv Mayor Vitaliy Klitschko and Mayor of Barcelona Ada Kolou have signed an agreement on twinning between the cities, the press service of the mayor of the capital of Ukraine reports.
“Today, cooperation at the city level is very important, because it is cities that play a key role in the development of states and deepening cooperation between them. The capital of Ukraine develops cooperation with European cities. Attracts help from partners, convinces them of the need for further support for Ukraine. We must be strong Together! Ukraine’s victory in the war against the Russian barbarians is a guarantee of peace and tranquility throughout Europe. We are grateful to our friends who help. Barcelona gave Ukraine fire trucks, humanitarian aid, and provided temporary shelter to Ukrainians fleeing the war,” Klitschko said.
Kolow, in turn, stressed that Barcelona will continue to help and support Kyiv and Ukraine. In particular, the mayors also discussed cooperation in the field of public transport, ecology, smart city and culture.
It is noted that Barcelona has become the seventh European city with which Kyiv has signed twinning since the beginning of the large-scale aggression of the Russian Federation. In particular, Madrid, Paris, Marseille, Lyon, Oslo and Hamburg also became twin cities of the Ukrainian capital. In total, the capital of Ukraine has 63 sister cities.
Enterprises of the State Agency for Forest Resources of Ukraine (Goslesagency) will soon purchase a batch of powerful industrial wood splitters, with the help of which they will massively harvest firewood, which, under the conditions of Russian aggression, has become one of the components of the country’s energy security and a commercially attractive product.
In addition, it is planned to borrow the European model for harvesting and drying firewood. This will allow to bring the moisture content of products to the optimum and guarantee maximum heat transfer during their combustion, said the head of the agency, Yuri Bolokhovets.
“The European consumer buys mostly ready-to-use firewood. We in Ukraine today sell most of the firewood in the forest” from under the saw. demand is uneven, because in the spring, when it is best to create stocks for next winter, demand, on the contrary, drops to almost zero,” the head of the State Forest Agency said on Facebook on Friday.
According to him, it is possible to solve the issue of cyclical harvesting of firewood by investing in equipment for processing and drying firewood. This will allow enterprises of the State Forest Agency to enter the market with already chopped firewood of the appropriate moisture content. In addition, forestries need to attract funding in order to have working capital for uniform harvesting and processing of firewood throughout the year, not focusing only on the factor of seasonal demand. At the same time, firewood should be sold mainly from warehouses, where the wood acquires the required moisture during storage.
Bolohovets stressed that the existing problem of distributing wood fuel between regions can be solved by switching to the preparation of firewood according to European standards: it is economically justified to transport only completely ready-to-use firewood to other regions of Ukraine.
“We have already begun to move in this direction. The enterprises of the State Forest Agency will soon purchase a batch of powerful industrial wood splitters. At the same time, I have high hopes for our new state enterprise Forests of Ukraine. investments and introduce uniform corporate standards,” the head of the department summed up.
As reported, Ukraine is starting a reform of the state forestry industry, in which all 158 forestry enterprises of the country are united into a single specialized state enterprise Forests of Ukraine. The existing 24 regional administrations will be enlarged to nine regional administrations of forestry and hunting.
The creation of such an enterprise for the management of forestry enterprises is provided for by the State Strategy for Forest Management of Ukraine until 2035. Goslesagenstvo emphasizes: a single company with centralized management is more manageable both during martial law and during the post-war recovery of the country’s economy.
