#sea freight rates
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cargomate-logistic ¡ 9 months ago
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Elevate your shipping Experience
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Elevate your shipping experience with Cargomate Logistic Pvt. Ltd. Our cargo services guarantee efficiency and reliability, ensuring your shipments reach their destination safely and on time. Trust us for seamless logistics solutions tailored to your needs.
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arcworldwideit-blog ¡ 2 years ago
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International Freight Forwarding Service in India. Call for International Move.
Arc Worldwide Group is a leading service provider of freight forwarding and customs clearance. We specialize in a wide variety of transport services, including storage, organization, and transportation.
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lizseyi ¡ 7 months ago
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What Does The Crisis In The Red Sea Mean For Sea Freight Shipping Rates - KTL UK
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Red Sea crisis drives up rates, as some shippers look to air freight 
Our team at KTL has continued to closely monitor the situation in the Red Sea since our previous update. Events have been fast-moving, although it has still been the case over the last few weeks that vessels making their way through the area have been subject to attacks from Yemen-based Houthi militants. 
Now, the impacts of such disruption are rippling even more profoundly through global supply chains, including in the sea freight rate quotations received by some of those looking to transport goods efficiently across national borders. 
Can you expect to have to pay more for international freight? 
The short answer to that question would presently seem to be “yes”, although it must be emphasised that at the time of typing, this is still a situation very much in flux. It remains to be seen whether the crisis could persist for a few weeks, several months, or for longer than that – and of course, all of this could have major consequences for freight rates in the year or so ahead. 
So, let’s provide a refresher on the things we do know as the situation presently stands. The Red Sea attacks have already prompted shipping companies to switch to alternative routes – and as reported by CNBC, longer detours around South Africa’s Cape of Good Hope have driven up ocean freight rates by as much as $10,000 (approximately £7,900) per 40-foot container. 
Container ships have already reportedly diverted some $200 billion (£158 billion) of goods away from the Red Sea route they would have otherwise used. Intriguingly, it has also been reported that some shippers have turned to air freight as an alternative, thereby pushing up the rates for that particular mode of goods transportation as well. 
A still-evolving and uncertain situation – so act accordingly 
However, it is also important to apply some perspective to the situation that might go some way to reassuring those intending to work with a freight forwarding company. 
Prior to the recent Red Sea crisis, global shipping container rates had more than halved compared to 2022, following a boom in the immediate “post-pandemic” period. And even with freight rates having comparatively soared lately amid the latest uncertain situation, the Freightos Baltic Index for 12th January 2024 was still “just” $2,613, compared to the more than $11,000 that had been recorded in the autumn of 2021. 
So, although both air and sea freight rate quotations could remain higher for a while than they had been until fairly recently, some well-placed industry watchers are voicing caution, and suggesting it may still be too early to make definitive forecasts. 
That is a sentiment we would very much back here at KTL UK, as we continue to provide our customers with the best possible global freight services at the most cost-effective prices. To learn more about how we can assist with your own import and export requirements throughout 2024 and beyond, please feel free to contact our professional and friendly team today. 
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freightshippingonline ¡ 8 months ago
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Freight Forwarders
Intense passion vehemently runs in our veins. We believe in delivering till the last mile with passion and smile on our face. Our obsession is to keep looking for the innovative solutions and ideas that ensure quality services in the best possible time. We firmly believe in the power of togetherness. Our team is our biggest strength and as a team we swim and sink together.
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eshippro ¡ 9 months ago
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Benefits of Sea Transportation for Logistics Companies in Dubai
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Sea Transportation Advantages: Navigating Success for Dubai Logistics Companies
Introduction:
In today's fast-paced and environmentally conscious world, the significance of sea transportation cannot be overstated, especially for logistics companies in Dubai. While other modes of transport like planes and trucks have their merits, this blog post will shed light on the unique advantages of sea transportation. From cost-effectiveness to environmental friendliness, sea transportation plays a vital role in global logistics, connecting nations and facilitating efficient trade. In this context, the logistics and shipping industry in Dubai, in particular,
stands out as a crucial player in international commerce.
Saving Money:
Sea transportation is renowned for its cost-effectiveness, especially when dealing with large quantities of goods. This makes it a preferred choice for industries that involve the movement of heavy and voluminous items. In Dubai, where trade and logistics are central to the economy, shipping companies leverage the economic benefits of sea transportation to move substantial cargo efficiently.
High Capacity and Efficiency:
Cargo ships are designed to accommodate massive quantities of goods, utilizing containers to streamline loading and unloading processes. The high capacity of these vessels enables the transportation of large volumes in a single trip, resulting in a more time-efficient shipping process. This efficiency is particularly advantageous for industries requiring the movement of significant quantities of goods.
Global Connectivity:
The oceans serve as natural highways, connecting continents and forming a global trade network. Sea transportation is integral to global business, linking major ports worldwide. In Dubai, a hub for international trade, logistics companies play a pivotal role in facilitating the connectivity essential for economic growth and collaboration on a global scale.
Environmental Friendliness:
Sea transportation boasts a smaller carbon footprint compared to land and air alternatives. The emphasis on fuel efficiency in modern cargo ship construction aligns with global efforts to reduce the environmental impact of transportation. In Dubai, where sustainability is increasingly prioritized, sea transportation emerges as an eco-friendly choice in the logistics and shipping sector.
Reliability and Safety:
Maritime transportation is renowned for its reliability in delivering goods according to schedule. Strict adherence to set schedules, combined with the ability to navigate around weather disruptions, ensures a consistent and trustworthy shipping service. Safety measures implemented in sea transportation contribute to safeguarding both the crew and the cargo.
Reduced Traffic Congestion:
Unlike congested highways and airports, oceans provide expansive and open routes for ships. This minimizes the risk of traffic congestion, ensuring seamless and efficient transportation, especially for long-distance voyages. In Dubai, where strategic infrastructure development is essential, the open seas offer an advantageous solution for reducing congestion.
Infrastructure Development:
Dubai's prominence in international trade is complemented by the development of robust port and harbour infrastructure. These facilities serve as key nodes in the maritime transportation network, fostering economic development, creating employment opportunities, and strengthening local communities.
Flexibility in Routes:
Sea routes offer diverse options, allowing for flexibility in choosing the most efficient and cost-effective paths for shipping. This adaptability enables strategic planning to avoid obstacles and optimize transportation routes, a crucial aspect for logistics companies in Dubai navigating the complexities of global trade
Conclusion:
In conclusion, sea transportation stands as a cornerstone of the world economy, providing a cost-effective, dependable, and environmentally friendly means of international trade. In the dynamic landscape of global commerce, leveraging the benefits of sea transportation is not only a pragmatic choice but also aligns with environmental sustainability goals. In Dubai, logistics companies and shipping enterprises contribute significantly to the seamless flow of goods, making the future of international trade more connected and efficient for everyone.
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sherunsittt ¡ 1 year ago
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Understanding Freight Rates
When you need to shift things, you'll have to pay for it, and it's called a freight rate.
These rates can change because of things like gas prices, how many trucks are available, and how much people want to ship.
You can sometimes negotiate a good price if you know how.
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logisticsbazaars ¡ 1 year ago
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writers-potion ¡ 7 months ago
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I'm writing a sci-fi story about a space freight hauler with a heavy focus on the economy. Any tips for writing a complex fictional economy and all of it's intricacies and inner-workings?
Constructing a Fictional Economy
The economy is all about: How is the limited financial/natural/human resources distributed between various parties?
So, the most important question you should be able to answer are:
Who are the "have"s and "have-not"s?
What's "expensive" and what's "commonplace"?
What are the rules(laws, taxes, trade) of this game?
Building Blocks of the Economic System
Type of economic system. Even if your fictional economy is made up, it will need to be based on the existing systems: capitalism, socialism, mixed economies, feudalism, barter, etc.
Currency and monetary systems: the currency can be in various forms like gols, silver, digital, fiat, other commodity, etc. Estalish a central bank (or equivalent) responsible for monetary policy
Exchange rates
Inflation
Domestic and International trade: Trade policies and treaties. Transportation, communication infrastructure
Labour and employment: labor force trends, employment opportunities, workers rights. Consider the role of education, training and skill development in the labour market
The government's role: Fiscal policy(tax rate?), market regulation, social welfare, pension plans, etc.
Impact of Technology: Examine the role of tech in productivity, automation and job displacement. How does the digital economy and e-commerce shape the world?
Economic history: what are some historical events (like The Great Depresion and the 2008 Housing Crisis) that left lasting impacts on the psychologial workings of your economy?
For a comprehensive economic system, you'll need to consider ideally all of the above. However, depending on the characteristics of your country, you will need to concentrate on some more than others. i.e. a country heavily dependent on exports will care a lot more about the exchange rate and how to keep it stable.
For Fantasy Economies:
Social status: The haves and have-nots in fantasy world will be much more clear-cut, often with little room for movement up and down the socioeconoic ladder.
Scaricity. What is a resource that is hard to come by?
Geographical Characteristics: The setting will play a huge role in deciding what your country has and doesn't. Mountains and seas will determine time and cost of trade. Climatic conditions will determine shelf life of food items.
Impact of Magic: Magic can determine the cost of obtaining certain commodities. How does teleportation magic impact trade?
For Sci-Fi Economies Related to Space Exploration
Thankfully, space exploitation is slowly becoming a reality, we can now identify the factors we'll need to consider:
Economics of space waste: How large is the space waste problem? Is it recycled or resold? Any regulations about disposing of space wste?
New Energy: Is there any new clean energy? Is energy scarce?
Investors: Who/which country are the giants of space travel?
Ownership: Who "owns" space? How do you draw the borders between territories in space?
New class of workers: How are people working in space treated? Skilled or unskilled?
Relationship between space and Earth: Are resources mined in space and brought back to Earth, or is there a plan to live in space permanently?
What are some new professional niches?
What's the military implication of space exploitation? What new weapons, networks and spying techniques?
Also, consider:
Impact of space travel on food security, gender equality, racial equality
Impact of space travel on education.
Impact of space travel on the entertainment industry. Perhaps shooting monters in space isn't just a virtual thing anymore?
What are some indsutries that decline due to space travel?
I suggest reading up the Economic Impact Report from NASA, and futuristic reports from business consultants like McKinsey.
If space exploitation is a relatiely new technology that not everyone has access to, the workings of the economy will be skewed to benefit large investors and tech giants. As more regulations appear and prices go down, it will be further be integrated into the various industries, eventually becoming a new style of living.
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zvaigzdelasas ¡ 4 months ago
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Maersk highlighted significant challenges posed by the ongoing Red Sea situation, which has forced ships to divert around Africa, increasing costs and straining capacity. Despite efforts to redeploy underutilized ships, the industry faces limited additional tonnage and rising freight rates.
During a recent online event with customers, Maersk CEO Vincent Clerc has issued a cautionary statement regarding the ongoing challenges facing carriers and businesses due to the volatile situation in the Red Sea, which is expected to extend into the third quarter of 2024.[...]
Clerc elaborated on the ‘massive impacts’ since the Red Sea situation began late last year. He noted that rerouting ships around Africa necessitates two to three additional vessels, depending on the trade. The initial scarcity of extra capacity and the industry’s limited ability to introduce additional tonnage have exacerbated the problem, even as demand for container transport remains high.
“Today, all ships that can sail and all ships that were previously not well utilized in other parts of the world have been redeployed to try to plug holes,” said Clerc. “It has alleviated part of the problem, but far from all the problem across the industry, including for Maersk. We are going to have in the coming month missing positions or ships that are sailing that are significant different size from what we normally would have on that string, which will also imply reduced ability for us to carry all the demand that there is.”[...]
Clerc stressed that Maersk would only resume sailing via the Red Sea and Gulf of Aden when the safety of seafarers, vessels, and cargo could be guaranteed.
Maersk A/S warned extreme weather conditions and a storm surge lashing the South African coast are expected to cause shipping delays.
8 Jul 24
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cargomate-logistic ¡ 10 months ago
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Ocean Freight from India: Reliable and Efficient Shipping Services by Cargomate Logistics
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weirdowithaquill ¡ 1 month ago
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Traintober 2024: Day 7 - Sleepy
Dennis' Napping Spots:
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Dennis has a number of nap spots around the Big Station, which he has rated from 1 to 10 – here is a few of them (though you mustn’t tell the Fat Controller or the other engines, or else they’ll find poor Dennis and make him work!)
The Big Station: 1/10. Absolutely not the place to sleep. For starters, the Big Station is always busy and noisy – there is no way to get any sleep when there’s so much noise running through Dennis’ radiators! Worse yet, being at the Big Station means Dennis is visible. And when he’s visible, he can be found and made to work. Dennis absolutely does not sleep here unless he’s desperate.
The Dockside: 1/10. Just as bad if not worse than the Big Station, because Dennis is always having his naps interrupted by Salty – who isn’t so interested in making Dennis work as he is keeping Dennis up with his sea shanties and tall tales. Worse yet, Dennis is not only still visible, but he’s getting sprayed with salty air. It is the one place Dennis never sleeps.
The Freight Sidings: 2/10. The trucks love to give Dennis away if Sir Topham Hatt is looking for him – they use it as an opportunity to butter up the Controller before they pull their next horrible stunt. Worse yet, it’s noisy and engines are always around and wanting Dennis to work. It is however, better than the Big Station or the Dockside because there is some cover behind the trucks.
Behind the Big Station: 3/10. There is a small siding behind the Big Station which is accessible via the Little Western only. It has a brilliant patch of sun for a snooze – but it’s also where Duck, Donald or Douglas can find Dennis the easiest. And those three are the most likely to drag Dennis back to work – once Douglas physically did so! So it ranks low on the list for that reason.
The Big Sheds: 4/10. At night, these sheds are good. They’re a little noisy thanks to the snoring, but it’s alright. However it is also always busy and every engine passing through Tidmouth will always check here first to try and find Dennis. It is covered though, so the elements can’t disturb Dennis… but then again, one time Dennis attempted to hide in the sheds for a nap and got awoken by a livid Gordon glaring down at him.
The Carriage Sidings: 4/10. There is a lot of great cover here to hide behind, and coaches are much quieter than trucks. They don’t find much interest in ratting Dennis out to the yard foreman or Sir Topham Hatt – however the coaches are almost always being brought in and out of the yards and almost every engine passes through, so Dennis is easily found and dragged off to work.
The Dockside Goods Shed: 6/10. Now this is a spot Dennis frequents. It’s in the docks complex, but inside a lesser-used goods shed. It would rank higher were it not for the fact that Salty does still sometimes use it – and well, if he find Dennis then the lazy diesel is not getting any more sleep. Moreover, once Dennis got locked in by Salty, who pushed a line of trucks in and blocked Dennies in place!
The Carriage Sheds: 8/10. This is one of Dennis’ favourite spots – it’s sheltered, quiet, hidden and near the back of the yards. The sheds are also only really used when the coaches are put away for the night and for storing the vintage stock, so there’s very little in the way of movement back here. However, Dennis is often interrupted in his napping by one very preachy coach named Samantha.
Behind the Old Fuel Pump: 10/10. If there’s a golden spot for Dennis to sneak away and nap in, it’s here. Before the diesel pump was moved inside the Big Sheds, it used to be a separate building with a track behind it for fuel deliveries. The building still stands, and the siding is completely hidden from view. No one looks there either, cause very few engines ever dropped fuel off there! But Dennis uses it sparingly so no one discovers his favourite spot and ruins it.
Napping is very important, after all!
Back to the Master Post
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mostlysignssomeportents ¡ 2 years ago
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Private equity health-care monopolies are on a profitable killing spree
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It’s not just you. US healthcare, already a bureaucratic nightmare of buck-passing and price-gouging, has gotten far worse. Private equity firms have created regional health-care monopolies that don’t just rip patients off — they’re killing us.
Private equity is a scam. Fund managers raise gigantic sums by claiming to be able to “beat the market.” In reality, they do worse for their investors than a boring old index fund:
https://pluralistic.net/2020/02/25/pluralistic-your-daily-link-dose-25-feb-2020/#extraordinaryclaims
The fund managers don’t have to beat the market in order to make bank. They can take advantage of the “carried interest” loophole, which has nothing to do with interest rates — it’s a tax system that was invented for 16th century sea-captains (no, really):
https://pluralistic.net/2021/04/29/writers-must-be-paid/#carried-interest
PE dresses up its playbook in all kinds of bullshit, but it’s a smokescreen. At core, PE funds buy companies, merge them to monopoly, slash wages, fire staff, load up their businesses with debt, and then skedaddle before the businesses collapse. They call this “creating value”:
https://pluralistic.net/2020/07/24/software-is-cake-too/#looters
This playbook guarantees that everything PE touches will turn to shit. PE is a parasite that preys on weak industries and makes them even more dysfunctional. Think of how PE has cornered regional rental housing markets and then turned every rental in town into a slum:
https://pluralistic.net/2022/02/08/wall-street-landlords/#the-new-slumlords
Most of us didn’t really think about rail-freight until last winter, when the whole system nearly collapsed. Again, the bloody handprints of PE are all over that crisis:
https://pluralistic.net/2022/02/04/up-your-nose/#rail-barons
The pandemic put a lot of businesses into a precarious state, and PE swooped in, buying up distressed businesses at scale and putting them into a death-spiral:
https://pluralistic.net/2020/03/30/medtronic-stole-your-ventilator/#blackstone-kkr
This acquisition was fueled by Trump’s corporate covid bailout and the trillions in public money that the GOP made available to corporate borrowers (remember, PE thrives on debt):
https://pluralistic.net/2020/09/17/divi-recaps/#graebers-ghost
Of all the sick industries in America, healthcare is the sickest, and it’s the domain where PE has done the most damage. PE stripped healthcare systems to the bone, removing all excess capacity and exhausting and demoralizing healthcare workers:
https://pluralistic.net/2020/05/21/profitable-butchers/#looted
They bought up emergency rooms, turned them into scam factories that hit every unfortunate person who stepped foot in them with thousands in “surprise billing” fees. Then they cut doctors’ pay and spent millions on ads to block anti-surprise billing legislation:
https://pluralistic.net/2020/04/21/all-in-it-together/#doctor-patient-unity
The ER scam was and is wild. Some hospitals lock all their doors except for the ER doors, and then they’d hit you for “emergency care” when you went through the ER on your way to receiving normal, non-emergency procedures:
https://pluralistic.net/2022/03/14/unhealthy-finances/#steins-law
The damage wasn’t limited to emergency rooms. Whole hospitals — whole hospital systems — were crashed by PE looters, and many of these got emergency government bailouts, because…free market?
https://pluralistic.net/2020/10/01/the-years-of-repair/#mass-murder
PE has bought its way into every corner of the health-care system, and made every bad thing, much, much worse. You know how “bad nursing home” are three of the scariest words in the English language? Try on “bad private equity owned nursing home” for size. The death toll is massive:
https://pluralistic.net/2021/02/23/acceptable-losses/#disposable-olds
Biden’s SEC chair Gary Gensler has made the most decisive anti-PE moves in decades, requiring disclosures that will help investors (especially union pension funds) pierce the veil of bullshit that brings in the billions that PE fashions into weapons of financial mass destruction:
https://pluralistic.net/2022/02/10/monopoly-begets-monopoly/#gary-gensler
But the wheels of justice grind slow, and PE has trillions to fuel its race to suck every bit of value out of the health-care system before the party comes to an end.
In “Sick Profit: Investigating Private Equity’s Stealthy Takeover of Health Care Across Cities and Specialties,” Kaiser Health News’s Fred Schulte reveals the plan of attack:
https://khn.org/news/article/private-equity-takeover-health-care-cities-specialties/
In 2021, PE firms bought 1,400 health care companies, spending $206b (the total since 2012 is more than $1t). They’ve cornered regional markets for eye care, dental care, family practices, hospices, and pet care. We’ve had a year to see how that played out, and it’s not pretty.
Since 2014, PE companies have paid out $500m in fines for falsifying health care billings to the US government, but a fine is a price, and the fines have been absorbed into PE’s business plans as part of the cost of operations.
Once a PE firm buys up all the specialists in a region, things get very bad. Take San Antonio, where nearly all the gastroenterology clinics have been bought up by PE firms, and where routine colonoscopies now cost patients thousands more than they paid before:
https://khn.org/news/article/private-equity-gastroenterologist-colonoscopy/
While there are plenty of illegal ways that PE companies extract value from their acquisitions, the legal tactics are pretty ugly all on their own, like cutting staff and replacing them with less skilled, less trained, cheaper workers, putting patients at risk.
This is particularly worrying when you consider how heavily PE companies invest in practices that treat people who are vulnerable and struggle to advocate for themselves, such as behavioral health specialists who treat autism, addiction and mental illness.
Whether or not you can escape PE depends a lot on where you live. PE only owns 12% of the nation’s anesthesiology practices, but those practices are concentrated in five states, where more than two thirds of anesthesiologists are PE owned.
When PE takes over your health care, billings go way up. The average PE-treated patient generates $71 more per claim, and is 9% more likely to experience “lengthy, more costly” care:
https://jamanetwork.com/journals/jama-health-forum/fullarticle/2795946
Doctors who sell their practices to PE companies are lured in with promises of administrative relief from experts who’ll handle billing, scheduling and compliance. But PE firms exercise fine-grained control over these doctors, violating rules that say medical practices must be run by MDs.
Take National Spine, a PE-backed chain owned by Sentinel Capital Partners that bought up 40+ pain-management clinics across the country. Doctors saw their caseload explode from 16 patients/day to 25. Medicare billings also exploded, with “unnecessary and often worthless” back braces being charged at up to $1,100 each. Patients were given $1,800 “medically unnecessary and often worthless” urine tests. National settled these claims for $3.3m in April 2019, without admitting guilt.
RLH Equity Partners’s pharmacies bilked the military health insurer Tricare out of $68m through a system of kickbacks and telemarketer sales. RLH settled the case for $21m and blamed it on a few corrupt “individuals.”
Most of the time, fraud claims are settled by the companies that the PE funds owe, while the PE funds themselves get off scot-free. That leaves the funds free to re-offend, and to further push the limits on patient endangerment.
One of the grisliest parts of this tale is in the realm of children’s dentistry. PE firms have bought up these practices and turned them into high-volume Medicare-fraud assembly lines that perform rushed, unnecessary major procedures on poor kids and bill the government a fortune for them.
These include baby root canals and crowns, and the PE-backed dental chains set quotas for their staff, requiring them to perform a certain number of major procedures on each patient. One particularly horrifying case recounted by the KHN article is that of two-year old Zion Gastelum, who died following major dental surgery.
Gastelum received six root canals and crowns on his baby teeth at a PE-owned Kool Smiles clinic in Yuma, AZ. The oxygen bottle used during his surgery “was empty or not operating properly” and the staff who oversaw the procedure were undertrained and didn’t notice. He never regained consciousness, and died of brain injuries days later.
Kool Smiles’s owners paid $24m to settle a DoJ overbilling claim less than a month later. The settlement alleged that Kool Smiles performed unnecessary procedures, including baby root canals. Kool Smiles denied that they were responsible for Gastelum’s death.
More than 90% of PE acquisitions fall below the $101m threshold for antitrust review, so they fly under the radar. Once the mergers are complete, they are very hard to unwind. The FTC is working its way through hundreds of comments from doctors or other health care workers asking for tighter scrutiny of health-care mergers.
The Healthcare Private Equity Association boasts that its members are poised to spend more than $3t to create “the future of healthcare.”
https://hcpea.org/#!event-list
Image: Rae Allen (modified) https://www.flickr.com/photos/raeallen/6224775722/
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[Image ID: A hospital Emergency Room parking lot. In the center of the image stands an ogrish, top-hatted, cigar-chomping capitalist caricature. He is standing at a podium, yanking a lever made from a golden dollar-sign. The front of the podium bears a red cross. He holds aloft an elderly man in a hospital bed.]
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chemanalystdata ¡ 6 months ago
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C9 Solvent Prices, Price Trend, Pricing, News, Analysis & Forecast
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North America:
During the initial quarter of 2024, C9 Solvent prices in the North American market took a downward turn, largely influenced by increased competition from cheaper imports and softened demand from the Paints and Coating industry post-festivities. The US market, in particular, experienced a significant price dip due to heightened overseas imports offering more competitive pricing. Despite ample product supply domestically, including port inventories, subdued demand and increased selling pressures contributed to the overall bearish trajectory. As the Red Sea crises normalized and freight rates declined towards the quarter's end, the bearish trend in the US C9 Solvent market further solidified. Meanwhile, the construction industry showcased positive growth, with notable increases in completed houses and new constructions, offering a contrasting upward trajectory amidst the market's downturn.
Europe:
The European C9 Solvent market, especially in Germany, faced a bearish trend during Q1 2024, primarily driven by increased imports of cheaper alternatives and reduced raw material costs. Subdued demand persisted in the downstream Paints and Coating sector post-festivities, maintaining ample product supply domestically. The market's bearish trajectory was accentuated by sluggish demand, heightened selling pressures, and a notable decline in the construction industry by the quarter's end, reflecting broader economic uncertainties and pessimism among constructors. Housing projects, commercial ventures, and civil engineering activities all experienced contractions, further dampening market sentiment amidst prevailing uncertainties.
Get Real Time Prices of C9 Solvent: https://www.chemanalyst.com/Pricing-data/c9-solvent-1467
APAC:
In the APAC region, the C9 Solvent market remained stable throughout Q1 2024, characterized by unchanged prices and a balanced demand-supply dynamic. Low demand prompted cautious trading practices and optimized inventories, supported by falling global crude oil prices. South Korea experienced the most significant price changes, yet overall stability prevailed throughout the quarter. Seasonal fluctuations were negligible, with no significant deviations observed compared to the same quarter last year. The pricing environment in South Korea, particularly, remained steady, showcasing consistency amid market equilibrium.
MEA:
The MEA region, notably the United Arab Emirates, witnessed notable fluctuations in C9 Solvent pricing during Q1 2024, influenced by factors such as costly imports, crude oil price fluctuations, and global growth concerns. Supply dynamics fluctuated due to disruptions in the Red Sea shipping initially but improved later in the quarter, stimulating trading activities. Demand remained stable, particularly from the paints and coating sector. Overall, market sentiment leaned towards bullish, with prices increasing in February and stabilizing in March. Despite fluctuations, a positive outlook characterized the quarter, with expectations of stability amidst potential feedstock crude oil price increases. In summary, the MEA region, including the United Arab Emirates, experienced varied pricing dynamics for C9 Solvent, ultimately stabilizing with optimistic prospects for Q1 2024.
Get Real Time Prices of C9 Solvent: https://www.chemanalyst.com/Pricing-data/c9-solvent-1467
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indizombie ¡ 8 months ago
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The Red Sea crisis comes only a few years after the COVID-19 pandemic when freight rates soared as supply chains snarled and demand for goods jumped. India's small exporters have also since been hit by weakening demand for their goods as Western economies grapple with high inflation levels. "This is one of the worst times for many garment exporters," said Nitin Seth, chief operating officer at Pratibha Syntex, an Indore-based garment manufacturer. "If this situation persists, at least one-fifth of small exporters could resort to job cuts," he said. Other exporters in India's textile industry - which directly employs 45 million people and indirectly another 15 million - said they were worried that they could soon lose business to Turkey's clothing industry. "Turkey, a major competitor for India's textiles exports in Europe, poses a big risk to small exporters due to its locational advantage," said Ajay Sahai, director general of the Federation of Indian Export Organisations.
‘India's small exporters reel as Red Sea crisis helps rivals nab business’, Economic Times
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logisticsbazaars ¡ 2 years ago
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forwardaircargo ¡ 1 year ago
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