Latest news with #KR
Yahoo
6 days ago
- Business
- Yahoo
HD Hyundai Heavy Industries, Korean Register to jointly develop VLEC
HD Hyundai Heavy Industries and Korean Register (KR) have signed a memorandum of understanding (MoU) to jointly develop a very large ethane carrier (VLEC). The MoU was signed at Nor-Shipping 2025, which is being held at Oslo from 2 to 6 June. Ethane carriers are designed to transport liquefied ethane at ultra-low temperatures of approximately -100°C. These ships feature advanced engineering facilities and specialised design due to the nature of their cargo. The partnership will see the development of a VLEC with a cargo capacity exceeding 100,000m³. The VLEC will be designed to optimise cargo volume while adhering to the main specifications of conventional vessel designs. Hyundai Heavy Industries CTO and executive vice president RYU Hong-Ryul said: 'Through the development of this next-generation vessel capable of transporting more cargo under the same conditions, we will once again demonstrate HHI's technological leadership in the global ethane transportation market. 'Ultimately, we aim to deliver a sustainable solution that enhances both profitability and environmental performance for our customers.' The new VLEC will not only be capable of transporting ethane but also other cargoes such as LPG and propylene. This versatility is expected to enhance the 'operational flexibility' and 'market responsiveness' for shipowners. Under the terms of the joint project, HD Hyundai Heavy Industries will spearhead the vessel's basic and hull design. KR will be responsible for reviewing the safety and regulatory compliance of the design in line with its latest structural rules for gas carriers and international standards, with the goal of granting an approval in principle. Korean Register chairman & CEO LEE Hyungchul said: 'This joint effort marks a meaningful starting point in the development of next-generation ethane carriers. KR remains committed to supporting the industry and driving innovation in future ship technologies.' In March, Korean Register gave approval in principle certification to maritime decarbonisation technology provider VINSSEN for what is claimed to be South Korea's 'first' tugboat equipped with a hydrogen fuel cell propulsion system. "HD Hyundai Heavy Industries, Korean Register to jointly develop VLEC" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Miami Herald
6 days ago
- Business
- Miami Herald
Kroger customers get delicious news
Kroger (KR) differentiates itself from other supermarket giants with its produce quality and selection, and higher-end private labels. Did you know that back in the 1930s, Kroger Grocery and Baking Company became the first grocery chain to observe product quality and to test foods in their offering? Don't miss the move: Subscribe to TheStreet's free daily newsletter It was also the first to build a store surrounded by parking lots on all four sides. Pretty innovative and consumer-friendly, isn't it? Now, the competition is huge, and some of the biggest Kroger rivals include popular names such as Walmart, Albertsons, Publix, Target, Dollar General, Aldi, etc. To remain competitive, Kroger must continue to please its customers and to continually innovate and improve its offerings. Related: Dollar General CEO turns heads with earnings call comments The grocery giant currently operates more than 2,700 stores under various banner names. It also runs 35 food production or manufacturing facilities that produce high-quality private-label products, which are often praised by their customers on public forums. What's more, Kroger is also one of the 350 companies with the best loyalty and rewards program in the U.S. according to USA Today and its research partner Plant-A Insights Group. To remain competitive and to keep its loyal customer base, the retailer continues to innovate and upgrade its offering. On June 3rd it announced a delicious new giveaway. This summer, Kroger is giving away 92,000 pints of its limited Kroger Brand ice cream. Starting at noon on June 20, individuals can score a coupon for free ice cream. Which flavors? The giveaway serves a promotion of new flavors, however, coupons can be used for classic Kroger Brand ice cream favorites, like Kroger Brand Deluxe Cookie and Cream or Crumble. Four new flavors are: Italian Style Summer Fizz Fireside Nights Sandy Shores Poolside Tan Lines How to get coupons? On June 20, at noon, the website will go live and allow customers to claim a digital coupon for one free pint. The coupon is redeemable at many Kroger Family of Stores locations from Friday, June 20 through Friday, July 4. More Retail Stocks: Halloween retailer sounds warning consumers need to hearTarget expands same-day delivery to 100s of retailersWalmart makes surprise cuts as it looks at tariff price hikes This is not the first time Kroger has launched a free ice cream giveaway to celebrate the summer days. "Last year, we were blown away by customer excitement for our free pint offer and this summer we are making it even sweeter. Kroger is giving away 92,000 free pints of ice cream so more customers can celebrate the start of summer with a taste of our new flavors," said Mike Murphy, Group Vice President of Center Store Merchandising at Kroger. To say that running a large supermarket is quite a task would be an understatement. Imagine what it takes to organize everything in the store to run smoothly. There are as many prices and expiration dates to manage as there are grocery items. Then, there's customer service, making sure shelves are stocked, and so much more. Sometimes mistakes happen. In May, Kroger was accused of secretly charging higher prices to its customers, according to an investigation from Consumer Reports, The Guardian and the Food & Environment Reporting Network. Quickly after the investigation revealed results, several Kroger workers told Consumer Reports that managers were instructed to fix all price tag errors within "a matter of days." Furthermore, Kroger also announced it was hiring 15,000 new associates to "enhance the customer experience," in roles such as "cashiers, baggers, deli bakery clerks, pharmacy technicians, Kroger delivery drivers," according to a press release. Related: Target struggles to stop spiral amid customer backlash The retailers' online marketplace Kroger Ship, which offered products from other companies alongside grocery delivery, was shut down and removed from its website in March. So far, the company has not issued any official statement on the move. More recently, Kroger has been awarded the 2025 Gold Bell Seal for Workplace Mental Health, a workplace certification that recognizes employers who are aiming to establish mentally healthy workplaces for their associates. Related: Veteran fund manager unveils eye-popping S&P 500 forecast The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
&w=3840&q=100)
Business Standard
6 days ago
- Automotive
- Business Standard
Konkan Railway may run Ro-Ro train service to transport cars, says official
The Konkan Railway will explore the possibility of running a special roll-on/roll-off (Ro-Ro) train service for transporting cars during the upcoming Ganapti festival, if there is sufficient public demand, a top official said. It will be possible to operate such a service if there are at least 40 cars to be transported at a time, Konkan Railway Corporation Limited's Chairman and Managing Director Santosh Kumar Jha told reporters at the KRCL headquarters at Belapur in Navi Mumbai on Tuesday. Asked why the KR does not transport passenger cars by its pioneering Ro-Ro services during the Ganpati festival, Jha said they will have to make changes for ferrying cars on wagons. The Konkan Railway's Ro-Ro service, which allows vehicles to be transported along with their drivers, has traditionally been used for trucks. "I promise you that this time in Ganpati I will announce a special train (Ro-Ro)," Jha said. The official said he did not know people would want to transport their expensive cars 750 km away. It takes 24 to 26 hours to reach Mangaluru (in Karnataka) by Ro-Ro from here and for that one has to buy a second class ticket from the driver. Highlighting that KR is not a loss-making corporation, Jha said it generated a net profit of Rs 301 crore in 2023-24. As per unpublished reports, the corporation is expected to register a profit of Rs 140-150 crore in the last financial year. "The Konkan Railway was always in profit, barring two years of COVID-19," Jha said, adding the KR is generating profits from the operations and execution of projects. The corporation got projects valued at Rs 3,150 crore through tendering processes in the last 15 months and is already executing works of Rs 4,087 crore, the official said. "About Rs 7,200 crore of work orders are already in my hand and this year, we have targeted to get Rs 15,000 crore of orders. I have full faith that we will achieve this target," Jha said. The KR has planned to spend Rs 125 crore for various passengers amenities, including platform extension, construction of FOBs (foot overbridges) and providing retiring rooms, at railway stations in the next three years, he said. The Public Works Department of Maharashtra has spent Rs 99 crore for the development of 11 stations on the KR network. Now, the MIDC is spending Rs 39 crore on Ratnagiri station alone for providing facilities, he said. "You will see a full facelift of the Ratnagiri station before this year-end," the official said. Also, the KR has sent a proposal to the Railway Board for the restoration of eight halts which were discontinued during the COVID-19 time, he said. The official further said the entire Konkan Railway route is currently single line, except for a 47-km-long section, and they have proposed patch doubling works, estimated to cost Rs 5,100 crores, but these works need ministerial help. At present, the Konkan Railway has about Rs 2,750 crore loan to repay and the corporation has planned to clear Rs 600 crore dues of it during this financial year, he said. Jha also said they have proposed alternatives for Pernem and Old Goa tunnel construction and the work has received an in-principle approval, but function allocation is awaited. The tunnels are not unstable, he added.
Hindustan Times
6 days ago
- Business
- Hindustan Times
Konkan Railway to explore running Ro-Ro train to ferry cars if adequate demand
The Konkan Railway will explore the possibility of running a special roll-on/roll-off (Ro-Ro) train service for transporting cars during the upcoming Ganapti festival, if there is sufficient public demand, a top official said. It will be possible to operate such a service if there are at least 40 cars to be transported at a time, Konkan Railway Corporation Limited's Chairman and Managing Director Santosh Kumar Jha told reporters at the KRCL headquarters at Belapur in Navi Mumbai on Tuesday. Asked why the KR does not transport passenger cars by its pioneering Ro-Ro services during the Ganpati festival, Jha said they will have to make changes for ferrying cars on wagons. The Konkan Railway's Ro-Ro service, which allows vehicles to be transported along with their drivers, has traditionally been used for trucks. "I promise you that this time in Ganpati I will announce a special train (Ro-Ro)," Jha said. The official said he did not know people would want to transport their expensive cars 750 km away. It takes 24 to 26 hours to reach Mangaluru (in Karnataka) by Ro-Ro from here and for that one has to buy a second class ticket from the driver. Highlighting that KR is not a loss-making corporation, Jha said it generated a net profit of ₹301 crore in 2023-24. As per unpublished reports, the corporation is expected to register a profit of ₹140-150 crore in the last financial year. "The Konkan Railway was always in profit, barring two years of COVID-19," Jha said, adding the KR is generating profits from the operations and execution of projects. The corporation got projects valued at ₹3,150 crore through tendering processes in the last 15 months and is already executing works of ₹4,087 crore, the official said. "About ₹7,200 crore of work orders are already in my hand and this year, we have targeted to get ₹15,000 crore of orders. I have full faith that we will achieve this target," Jha said. The KR has planned to spend ₹125 crore for various passengers amenities, including platform extension, construction of FOBs (foot overbridges) and providing retiring rooms, at railway stations in the next three years, he said. The Public Works Department of Maharashtra has spent ₹99 crore for the development of 11 stations on the KR network. Now, the MIDC is spending ₹39 crore on Ratnagiri station alone for providing facilities, he said. "You will see a full facelift of the Ratnagiri station before this year-end," the official said. Also, the KR has sent a proposal to the Railway Board for the restoration of eight halts which were discontinued during the COVID-19 time, he said. The official further said the entire Konkan Railway route is currently single line, except for a 47-km-long section, and they have proposed patch doubling works, estimated to cost ₹5,100 crores, but these works need ministerial help. At present, the Konkan Railway has about ₹2,750 crore loan to repay and the corporation has planned to clear ₹600 crore dues of it during this financial year, he said. Jha also said they have proposed alternatives for Pernem and Old Goa tunnel construction and the work has received an in-principle approval, but function allocation is awaited. The tunnels are not unstable, he added.
Mint
6 days ago
- Business
- Mint
Konkan Railway may run Ro-Ro train service to ferry cars if adequate demand: Official
Mumbai, Jun 4 (PTI) The Konkan Railway will explore the possibility of running a special roll-on/roll-off (Ro-Ro) train service for transporting cars during the upcoming Ganapti festival, if there is sufficient public demand, a top official said. It will be possible to operate such a service if there are at least 40 cars to be transported at a time, Konkan Railway Corporation Limited's Chairman and Managing Director Santosh Kumar Jha told reporters at the KRCL headquarters at Belapur in Navi Mumbai on Tuesday. Asked why the KR does not transport passenger cars by its pioneering Ro-Ro services during the Ganpati festival, Jha said they will have to make changes for ferrying cars on wagons. The Konkan Railway's Ro-Ro service, which allows vehicles to be transported along with their drivers, has traditionally been used for trucks. "I promise you that this time in Ganpati I will announce a special train (Ro-Ro)," Jha said. The official said he did not know people would want to transport their expensive cars 750 km away. It takes 24 to 26 hours to reach Mangaluru (in Karnataka) by Ro-Ro from here and for that one has to buy a second class ticket from the driver. Highlighting that KR is not a loss-making corporation, Jha said it generated a net profit of ₹ 301 crore in 2023-24. As per unpublished reports, the corporation is expected to register a profit of ₹ 140-150 crore in the last financial year. "The Konkan Railway was always in profit, barring two years of COVID-19," Jha said, adding the KR is generating profits from the operations and execution of projects. The corporation got projects valued at ₹ 3,150 crore through tendering processes in the last 15 months and is already executing works of ₹ 4,087 crore, the official said. "About ₹ 7,200 crore of work orders are already in my hand and this year, we have targeted to get ₹ 15,000 crore of orders. I have full faith that we will achieve this target," Jha said. The KR has planned to spend ₹ 125 crore for various passengers amenities, including platform extension, construction of FOBs (foot overbridges) and providing retiring rooms, at railway stations in the next three years, he said. The Public Works Department of Maharashtra has spent ₹ 99 crore for the development of 11 stations on the KR network. Now, the MIDC is spending ₹ 39 crore on Ratnagiri station alone for providing facilities, he said. "You will see a full facelift of the Ratnagiri station before this year-end," the official said. Also, the KR has sent a proposal to the Railway Board for the restoration of eight halts which were discontinued during the COVID-19 time, he said. The official further said the entire Konkan Railway route is currently single line, except for a 47-km-long section, and they have proposed patch doubling works, estimated to cost ₹ 5,100 crores, but these works need ministerial help. At present, the Konkan Railway has about ₹ 2,750 crore loan to repay and the corporation has planned to clear ₹ 600 crore dues of it during this financial year, he said. Jha also said they have proposed alternatives for Pernem and Old Goa tunnel construction and the work has received an in-principle approval, but function allocation is awaited. The tunnels are not unstable, he added.
