TOTO offers ‘sleeve support’ for distressed Eredivisie clubs July 29, 2020 KSA issues ‘conduct warning’ following covid marketing breaches July 28, 2020 Share StumbleUpon Related Articles Submit Following two and a half years of debate and obstruction, on 19 February the Netherlands House of Representatives, moved to approve the nation’s ‘Remote Gaming Act’ (Netherlands RGA), laying foundations for a licensed online gambling marketplace, compliant with EU competition standards.European industry stakeholders, currently waiting for the Act’s mandate to be passed into Dutch law through the process of a Royal Decree. It is believed that licenses will be granted by 2020, ending an arduous process for all vested parties involved in the liberalisation of Dutch online gambling.Betting leadership will be monitoring the movements of Kansspelautoriteit (KSA) closely, as the Netherlands gambling authority moves to publish the initial framework for Dutch licensing applications.During the two-year review period of the Dutch RGA, the KSA acted as an aggressive regulatory body against international operators deemed to be targeting Dutch consumers illegally.Case in point, during the course of 2018, the KSA issued fines totalling €1.7 million, to European operators bet-at-home, Betsson, MRG Group, Mr Green and Betclic, stating that the incumbents had continued to breach digital laws despite having been warned to stop all Dutch betting activities.In previous updates related to the progress of the Netherlands RGA, KSA governance had stated that as a Dutch regulatory authority it would not approve of ‘rogue operators applying for licences’.The KSA’s tough stance has been backed by numerous Kamer MPs, who during the final review of the Gaming Act underlined that ‘bad actors should expect a cooling off period’.Furthermore, Dutch ministers signing off the Act’s mandate stated that ‘Cowboys would not be eligible for licenses’.Nevertheless, the passing of the Gaming Act has been overseen by a new-sheriff-in-town, with KSA appointing Rene Jansen as new Chairman last October, overseeing the final review of Dutch online gambling legislation.Confirming the approval of the Netherlands RGA, Jansen stated, ‘the Remote Gambling Act empowers the Netherlands Gambling Authority to protect participants in online games of chance. Such protection is impossible in an illegal market. This modernisation of the legislation will better enable us to enforce safe gaming in a fair market – provided, that is, that players choose to play via licensed operators.’Betting leadership now awaits to see whether Rene Jansen will see the licensing applications period as a clean slate for international incumbents, or simply continue the KSA tough stance on online operators… Dutch observers expect a few licensing surprises. Kansspelautoriteit enters into MoU with Malta Gaming Authority August 28, 2020 Share
Take a look at the gear and glass behind this year’s Academy Award-nominated films, and get the behind-the-scenes scoop from the filmmakers themselves.Top image: Rodrigo Prieto on the set of Silence via Kodak When it comes to filmmaking, it doesn’t really matter what gear you have — as long as you have a great story. That said, if you have a story so good that the Academy likes it, it certainly doesn’t hurt to have nice equipment too.Here are the cameras and lenses behind many of the most popular 2017 Oscar nominees.La La LandImage: Damien Chazelle via Summit EntertainmentOscar Nominations: 14, including Best Picture, Best Director, Best Cinematography, Best Film EditingDirector: Damien ChazelleDirector of Photography: Linus SandgrenCamera: Panavision Panaflex Millennium XL2Lenses: Panavision Anamorphic (C Series, E Series), Custom Panavision 40mm AnamorphicFormat: Film — 35mm (Kodak Vision3 500T 5219, Kodak Vision3 250D 5207), 16mm (Kodak Vision3 500T 7219)Aspect Ratio: 2.55 : 1In an interview with MovieMaker, Linus Sandgren, FSF talks about shooting on film with anamorphic lenses.Because of what Damien wanted to do with this film… he felt that the film had to be shot in the scope format, anamorphic.I felt it would be more appropriate to shoot it in 2.55 CinemaScope like they did with A Star is Born, for example, and films like that back in the 1950s, before the standard became 2.40: 1, so that’s how the 2.55 aspect ratio came up. It was really an homage to old Hollywood.Damien really wanted to shoot on film because we wanted to capture as much rich color from the sets as possible.It’s all shot on 35mm, but there’s a sequence shot on 16mm anamorphic. We agreed that Panavision would have the lenses for us that also spoke to us more as a classic Hollywood cinemascope lens.We went with Panavision XL2’s camera with anamorphic C series and E series primes.The camera then needed to move very tightly in or very wide, which would have caused problems with anamorphic lenses because they normally go three feet for close focus. So we had Panavision make a special 40mm anamorphic lens for the purpose of being able to go close to things. They made a special lens for us that had a much closer focus, so that we could get closer to hands and stuff and then pull out to wide shots.Read the entire Sandgren interview on MovieMaker.MoonlightOscar Nominations: 8, including Best Picture, Best Director, Best Cinematography, Best Film EditingDirector: Barry JenkinsDirector of Photography: James LaxtonCamera: ARRI ALEXA XT PlusLenses: Hawk V-Lite, Angenieux Optimo A2SFormat: Digital — ProResAspect Ratio: 2.35 : 1Cinematographer James Laxton, ASC talked with Filmmaker Magazine about his simple camera setup.It was entirely a one-camera show. There was never a B-camera on the job. I operated the majority of the show except for the Steadicam sequences.We chose the Hawks [V-Lite Lenses] because they provided the most applicable rendering of what we were looking for. They’re very sharp lenses and also very contrasty lenses. Those are two qualities we were interested in. There’s a trend in film right now to have a low-contrast look, but we wanted to emphasize contrast.We [recorded in] ProRes. In our testing we found that the benefits of shooting Raw didn’t necessarily apply to what this film needed. The ALEXA’s latitude (when shooting ProRes) was enough without going down the post-production path with Raw.Another factor for us was how long we would have on the cards. Working with child actors and working with some people who were acting for the first time on screen, we wanted to be able to keep rolling and keep rolling to make sure we gave them the space to work the performances out. Sometimes on set there’s a momentum that you have when you keep going and going. And sometimes you can keep that momentum by not cutting in between takes and just re-setting, rather than cutting, having the AD call “roll camera,” bringing the slate in, and all these other things that can hurt an actor’s momentum.Laxton and colorist Alex Bickel talked to IndieWire about the films look and LUTs.The first chapter was set to emulate Fuji film stock, which according to Bickel, is a little warmer and brings out a lot of texture in the skin tone. The third chapter used a modified Kodak stock which — is less “restrained” and provides more pop and shine to the image.The most distinct looking chapter of Moonlight is the second, which Bickel credits to the old Agfa film stock it was set to mirror. The long retired German film stock was known for adding a cyan to the images highlights, which is what gives the middle section of Moonlight its greenish-blue hue.Regarding monitoring the color, Laxton told Filmmaker Magazine:On set we were just monitoring with Rec709. There can be a great advantage sometimes to having a DIT provide LUTs and start that base coloring process, but for this project and the pace we needed to work at, just monitoring Rec709 seemed like a simple and fast workflow for us to make sure we were in the right ballpark, knowing full well I would be spending time with Alex Bickel in the Digital Intermediate to polish and enhance the look of the film.If we were doing something where we wanted a more desaturated look we probably would’ve changed our workflow to suit those needs, but for Moonlight using (Rec709) got us in the realm we were looking for. For me, that’s all I need on set. I’m not one to sit in a DIT booth and make minor adjustments. What I feel my role is on set is to provide a dense negative knowing later in the DI we’ll refine the images.Read more about the cinematography and color on IndieWire and interview on Filmmaker Magazine.ArrivalImage: Bradford Young via Paramount PicturesOscar Nominations: 8, including Best Picture, Best Director, Best Cinematography, Best Film EditingDirector: Denis VilleneuveDirector of Photography: Bradford YoungCameras: ARRI ALEXA XT M, ARRI ALEXA XT Plus, ARRI ALEXA SXTLenses: Camtech Vintage Ultra Prime, Kowa Cine Prominar, Zeiss Super SpeedFormat: Digital — ARRIRAWAspect Ratio: 2.35 : 1Bradford Young, ASC turned to ARRI’s ALEXA line for Arrival. Here’s a excerpt from his interview with No Film School.We shot with the ALEXA XST. I shot with two different kinds of lenses: some vintage Ultra Primes from CamTec, and I also used Super Speeds. Denis had really positive, great results with the work he’s done with Roger [Deakins] and I’ve slowly begun to really, really respect what we’re allowed to do with digital. It has so many virtues.IndieWire dove into Young’s process:Visually, using the ALEXA XT, Young treated the mission to find out the meaning of the arrival as mostly a mundane-looking procedural.By contrast, Louise’s time-bending moments, using the lighter and more mobile ALEXA M for hand-held shots, resemble warm, naturalistic portraitures.“I went for cooler colors when I wanted Amy to feel worn down. We tried to pull back on that a little bit, but then Denis stopped me in the [color timing] and told me not to be so concerned about skin tone and let her be pasty, let her exist in that melancholy space, let us feel that visually.”With regards to the camera’s movement in the film, Young told No Film School:I’ve always been apprehensive about camera movement, because I didn’t start off making films where you have dollies and technocranes and Steadicams. We couldn’t afford to have that stuff. When I use a dolly or a camera movement, I always want it to be as subtle and as understated as possible. With a lot of my work now, I try to create a sort of delicacy to how the camera moves.Read more about Young’s work on IndieWire and read his interview with No Film SchoolLionImage: Greig Fraser, Rita Roy, Sunny Pawar, and Garth Davis via Movies Film CinemaOscar Nominations: 6, including Best Picture, Best CinematographyDirector: Garth DavisDirector of Photography: Greig FraserCameras: ARRI ALEXA XT, ARRI ALEXA XT M, RED EPIC DRAGONLenses: UnknownFormat: DigitalAspect Ratio: 2.35 : 1Greig Fraser, ASC, ACS interviewed with No Film School, where the DP talked about his support gear on location in India.The gimbal was a godsend for the moving stuff in India because it was the perfect height.We could get it to [Saroo’s] height, whereas Steadicam wasn’t really a viable option at that height. And then we had a RED DRAGON on the drone.Read the whole interview at No Film School.Hell or High WaterImage: Chris Pine and David Mackenzie via EmpireOscar Nominations: 4, including Best Picture, Best Film EditingDirector: David MackenzieDirector of Photography: Giles NuttgensCamera: ARRI ALEXA XT StudioLenses: Hawk V-Lite, Angenieux Optimo A2SFormat: Digital — ARRIRAWAspect Ratio: 2.35 : 1Giles Nuttgens, BSC spoke with Studio Daily about his shoots on the set of Hell or High Water.10 hours of continuous shooting, no large, controlled monitors on set, no producers on set, no cell phones or chairs on set, no clapper boards, and a constant turnover (about five times a day) of dailies to their nearby edit suite, where they would retire at the end of each shooting day to put their heads together.Their purpose at that point, Nuttgens insists, was rarely to discuss “did we get the sequence, but rather, did the material have the right tone? Do we need adjustments, not particularly to lighting or framing, but more to mise en scène — whether there is anything we can do to match up to our original intentions before we get to set. That process is so invaluable.”Read the entire piece on Studio Daily.Hidden FiguresImage: Mandy Walker via ICG MagazineOscar Nominations: 3, including Best PictureDirector: Theodore MelfiDirector of Photography: Mandy WalkerCamera: ARRIFLEX 416, Panavision Panaflex Millennium XL2Lenses: Panavision Ultra Speed MKII, Panavision Primo (E-Series, T-Series, ATZ), Unknown CanonFormat: Film — 35mm and 16mm (Kodak 100D, 250D, 500T)Aspect Ratio: 2.35 : 1Regarding the Hidden Figures camera movement, A-Camera and Steadicam Operator Jason Elson told ICG Magazine:Movement was kept to a minimum. There were no unmotivated camera moves unless we were moving with the actors. For dialogue scenes, to preserve the eye lines, we would swing a lens on the A-camera rather than try and force two cameras together at the same time, compromising the angles.Mandy Walker, ASC, ACS went on to talk about the color capture:The look really resembles Kodachrome more than anything else. Production Designer Wynn Thomas and Costume Designer Renee Kalfus worked with us to create the color palette, texture and images. Color and saturation in lighting was carefully planned to support each location and the story of what the women were going through in each moment.We wanted to make Katherine (Taraji P. Henson) a jewel in a sea of white men, in white shirts, in a gray room. We made sure she popped with her colored outfits and bright red lipstickRead more about Walker and her crew on the International Cinematographers Guild Magazine site.Manchester by the SeaImage: Kenneth Lonergan via Post PerspectiveOscar Nominations: 6, including Best Picture, Best DirectorDirector: Kenneth LonerganDirector of Photography: Jody Lee LipesCamera: ARRI ALEXA XTLenses: Canon K35, Angenieux OptimoFormat: Digital — ARRIRAWAspect Ratio: 1.85 : 1Director/Writer Kenneth Lonergan spoke to Filmmaker Magazine about his process of writing this film for John Krasinski and Matt Damon until eventually directing the film himself years later.With each movie, I’ve become more directorial in the way I think about the scripts when I’m writing them. I think I understand what’s going to be happening on the set now in a way I didn’t before.For instance, there’s a lot of driving scenes in the movie. I noticed this, and I thought, “Gee, I wonder if all these scenes should be driving?” The towns are separated, and the kid doesn’t have a license. It’s in the middle of winter. It makes sense for their relationship. I thought, “I’ll let the director figure out an interesting way to shoot all these driving scenes.” Then when I became the director, we just didn’t have an interesting way to shoot the driving scenes, so we just did our best and the actors took care of it by acting well, and it turned out okay.But I was a little anxious about that, and if I had known I was going to be directing it from the beginning, I might have developed a bit more of a visual concept.Read the whole interview on Filmmaker Magazine.Hacksaw RidgeImage: Simon Duggan via PanavisionOscar Nominations: 6, including Best Picture, Best Director, Best Film EditingDirector: Mel GibsonDirector of Photography: Simon DugganCamera: ARRI ALEXA XT Plus, RED EPIC DRAGON, Blackmagic Pocket Cinema CameraLenses: Panavision Primo, Primo V, Leica Summilux-C, Angenieux OptimoFormat: Digital — ARRIRAWAspect Ratio: 2.35 : 1Simon Duggan, ASC, ACS spoke with IndieWire about shooting the war epic.Everything was quite contained, including the battlefield, and we tried to simplify down how much we saw and really focused on the performances and stayed really tight to the storytelling.To create the tight intensity, the second-unit placed Blackmagic pocket cinema cameras on stuntmen running through explosions.Regarding the three main battle sequences, Duggan saysI tried to make the three sequences different by starting with the opening battle sequence with just slightly less saturation than what we saw in the West Virginia barracks.The second one I tried to pull a lot of color out and the third one we pulled even more color out, so it was a gradual turning toward black and white.Read the whole interview on IndieWire.FencesImage: Charlotte Bruus Christensen and Denzel Washington via MovieMakerOscar Nominations: 4, including Best PictureDirector: Denzel WashingtonDirector of Photography: Charlotte Bruus ChristensenCamera: Panavision Panaflex Millennium XL2Lenses: Panavision C-Series, ATZ and AWZ2Format: Film — 35 mm (Kodak Vision3 50D 5203, Vision3 250D 5207, Vision3 200T 5213, Vision3 500T 5219)Aspect Ratio: 2.35 : 1In her interview with MovieMaker Magazine, Chartlotte Bruus Christensen talked about her choice to shoot on film.There were a lot of people asking me, “Why do you shoot 35mm? Why don’t you support the digital market, because it’s obviously going to take off?” But we were both like, “Well, at the moment, film is still available, and they’re opening a lab here in New York…” and, I don’t know, I love that medium. I think it’s truthful. It’s like you shoot in digital. Then you go into post-production and try to make it look like film. Why don’t you just shoot on film?Regarding all the camera movement at the beginning of the film, Christensen states,It’s a Steadicam that I’m carrying and I’m running. Basically from the minute [snaps her finger] you open the movie, they talk, and it’s like music. Denzel kept saying, “My direction to you is this is like music, music.” I had to keep that in my mind as I moved. And then when we come to the backyard, suddenly, we feel a little bit theatrical again and we put the camera exactly where the audience was. Now we just stay there. So up until Viola comes in the camera’s been moving. And then when she comes into the scene the camera is trained on her to get every emotion.Read the entire interview on MovieMaker Magazine.SilenceImage: Martin Scorsese, Rodrigo Prieto and crew via The PlaylistOscar Nominations: Best CinematographyDirector: Martin ScorseseDirector of Photography: Rodrigo PrietoCameras: ARRI ALEXA Studio, ARRICAM LiteLenses: Zeiss Master Anamorphic, Angenieux Optimo LensesFormat: Digital — ARRIRAW, Film — 35mm (Kodak Vision3 250D 5207, Vision3 200T 5213, Vision3 500T 5219)Aspect Ratio: 2.35 : 1Rodrigo Prieto, ASC, AMC sat down with No Film School to discuss his work on Silence.There’s a progression of color in the film. We were inspired by baroque painters, starting off in cooler tones—blues and cyans—and going towards the green of nature, as it’s an important character to the story. Then we transitioned into a more Japanese feel, if I may. We went with more amber, yellow, and gold hues that would represent the same Japanese screen art during the Edo period.We agreed immediately we wanted to shoot on film. We actually shot all the night scenes digitally to capture them in candlelight or the dusk scenes with torches. It was the best of both worlds. We used film for what it’s best at—skin tone and nuance on faces and color of the landscape—then digital for low-light situations.Read the entire interview on No Film School.Nocturnal AnimalsImage: Tom Ford and Seamus McGarvey via Screen DailyOscar Nominations: Best Supporting ActorDirector: Tom FordDirector of Photography: Seamus McGarveyCamera: Panavision Panaflex Millennium XL2Lenses: Panavision Primo LensesFormat: Film — 35mm (Kodak Vision3 200T 5213, Vision3 500T 5219)Aspect Ratio: 2.35 : 1Seamus McGarvey, ASC, BSC spoke to IndieWire about his work on both Nocturnal Animals and The Accountant.Film gives you the flexibility to go into any direction, which was important for these two films…Nocturnal Animals features an imagined story within one of the character’s minds.It had to have a cinematic feel but a psychological one too. That gave us a lot of scope and leaps of faith and playing with imagery.Film allowed us to play with leaping forward into the over-saturated desert, using the codes of a Western or color noir. And a lot of it was shot at night and we were blessed with a crisp, early fall.I found that film and film cameras are more robust and able to deal with the vagaries of temperature and conditions. Again, when you came to the DI [digital intermediate], we have grain, we have contrast, but yet when we want to open up the negative and create a paler side, the latitude is there for the earlier scenes in her house.Read more of McGarvey’s interview on IndieWire.Academy Awards for Scientific and Technical AchievementsThe Academy of Motion Picture Arts and Sciences has already awarded Scientific and Engineering Academy Plaques to ARRI, RED Digital Cinema, and Sony.ARRI ALEXATo ARRI for the pioneering design and engineering of the Super 35 format ALEXA digital camera system. With an intuitive design and appealing image reproduction, achieved through close collaboration with filmmakers, ARRI’s ALEXA cameras were among the first digital cameras widely adopted by cinematographers.RED EPICTo RED Digital Cinema for the pioneering design and evolution of the RED EPIC digital cinema cameras with upgradeable full-frame image sensors. RED’s revolutionary design and innovative manufacturing process have helped facilitate the wide adoption of digital image capture in the motion picture industry.Sony F65 CineAltaTo Sony for the development of the F65 CineAlta camera with its pioneering high-resolution imaging sensor, excellent dynamic range, and full 4K output. Sony’s unique photosite orientation and true RAW recording deliver exceptional image quality.Read the rest of the Scientific and Technical Achievement winners from the OscarsHere’s a sharable infographic that dives into the gear behind 2017’s Best Cinematography Oscar Nominees. The Oscars® and Academy Awards® are Registered Trademarks of the ©Academy of Motion Picture Arts and Sciences® – ©A.M.P.A.S.®
Brazil’s Neymar wearing Beats headphones.Beats by Dr Dre in the last weeks has been in the limelight as Apple acquired it. Now it has kicked up yet another storm as the headphones made by it have been banned at the 2014 FIFA world cup, which is currently being held in Brazil.The headphones have proven to be popular with star players like Neymar, Wayne Rooney and Luis Suarez, but the players are banned from wearing them as FIFA has a deal with Sony, which also makes headphones.The colourful headphones have become a fashion icon of sorts. This was also a reason Apple decided to shell out $3 billion for the company, the highest it has ever spent on an acquisition.While pundits have often criticised the sound quality of the Beats headphones, they have proven popular with celebrities.Even at the world cup, players are forced to use Sony headphones inside the world cup stadiums due to FIFA’s contractual obligations, but players like Neymar and Suarez have been seen using their personal Beats’ headphones in practice sessions.In a way, this lends them a discrete level of authenticity as the players are not forced to use them unlike the Sony headphones.In the lead up to the world cup, Beats even released a video with Neymar, Luis Suarez, Mario Goetze, Robin Van Persie, and Javier Hernandez, which received 10.6 million views on YouTube, highlighting the popularity of the brand.
Please find enclosed the draw for the Harvey Norman National Youth Championships, Harvey Norman National Schools Cup, Alliance Cup and Masters Trans Tasman. The events will be held at the Sunshine Coast Stadium Kawana, from Wednesday 13th September to Sunday 17th SeptemberClick the attachment below to view the draw:NYC HNNSC AC MTTTS Draw Keep up-to-date with all of the latest news and information via the TFA social media channels.Website: www.touchfootball.com.auFacebook: www.facebook.com/touchfootballaustraliaTwitter: www.twitter.com/touchfootyausInstagram: www.instagram.com/touchfootballaustraliaYouTube: www.youtube.com/touchfootballaus
About the authorPaul VegasShare the loveHave your say Howe: Bournemouth must rise to Man Utd challengeby Paul Vegas10 months agoSend to a friendShare the loveBournemouth boss Eddie Howe has challenged his players to rise to the test of facing Manchester United.The Dorset club have picked up one point from three games at Old Trafford since being promoted to the top flight. Howe said: “It’s a tough game. Whenever you go to Old Trafford you know you are going to be in for a tough assignment.“We are going to need to rise to that challenge. They have had two really good results and performances. I am sure the atmosphere in the stadium will be good for the players there.“We will look forward to going there as we always have done. We have had some tough encounters and enjoyed our matches in the ground – we will look forward to another tough game.”
About the authorPaul VegasShare the loveHave your say Man Utd midfielder Juan Mata: Great players not always great coachesby Paul Vegasa month agoSend to a friendShare the loveManchester United midfielder Juan Mata says being a great player doesn’t mean he’ll be a great manager.He writes in his new book, “Juan Mata: Suddenly A Footballer”:“There are many cases where an ex-player becomes a manager with time. It normally starts by coaching youngsters in academies, then through reserve teams or smaller clubs in lower leagues, to gain some experience of managing groups and leadership.“Pep Guardiola, Luis Enrique, Ronald Koeman, Zinedine Zidane, Julen Lopetegui, Ernesto Valverde, Mauricio Pochettino, Antonio Conte and Ole are just some examples of that process. But having been a fantastic player does not make you a great coach. Not at all.“Experience definitely adds something really important, but seen from my point of view, becoming a manager has more to do with your understanding of the game, your personality, your ability to communicate, convince and motivate, and your work ethic, than your experience as a football player. You need to be a leader.”
TagsTransfersAbout the authorPaul VegasShare the loveHave your say Crystal Palace eyeing West Brom fullback Nathan Fergusonby Paul Vegas8 days agoSend to a friendShare the loveCrystal Palace are eyeing West Bromwich Albion fullback Nathan Ferguson.Palace are searching for a replacement for Aaron Wan-Bissaka, who was sold to Manchester United this past summer.The Daily Mailsays 19-year-old Ferguson has impressed Palace’s scouts this season.Slaven Bilic has given the England U20 international his breakthrough at the Hawthorns, which has seen him operate at both fullback positions.Ferguson has failed to start just one of the Championship leaders’ league games so far this season.
STATE COLLEGE, PA – NOVEMBER 29: Head coach James Franklin congratulates Carl Nassib #95 of the Penn State Nittany Lions after a third down stop against the Michigan State Spartans at Beaver Stadium on November 29, 2014 in State College, Pennsylvania. (Photo by Joe Sargent/Getty Images)Another weekend of college football, another absolutely insane ending to a big-time contest. This time around, it was Georgia Tech returning a blocked field goal for a touchdown to knock off Florida State as time expired. It won’t surprise you to hear that nobody on our staff picked the Yellow Jackets to pull the upset.This week’s slate isn’t as exciting as some earlier this year, but there are a few marquee matchups. Ole Miss and Auburn should be entertaining. Florida and Georgia renew their annual rivalry. And Notre Dame visits a surprising Temple squad in front of ESPN’s College GameDay.Dustin Tackett still holds a one-game lead over the field in our competition. Here are our picks for this week.Who do you have?
zoom Chinese shipping major COSCO Shipping Holdings, the container arm of China Cosco Shipping Group, expects to book a profit of CNY 1.85 billion (USD 272 million) for the first half of this year, the company said in a stock exchange filling citing preliminary forecast.This is a major rebound when compared to the last year’s loss of CNY 7.2 billion for the corresponding period.The recovery builds upon the positive results reported for the first quarter of this year when the company posted a net profit of CNY 270 million (USD 39.1 million) against a net loss of CNY 4.46 billion year-on-year.The shipping firm’s revenues for the first three months surged by 48 percent to CNY 20.1 billion from CNY 13.5 billion seen a year earlier, while its operating profit reached CNY 425 million, bouncing back from an operating loss of CNY 4 billion.COSCO attributed the shift to the recovery of the container shipping market, market stabilization along with the company’s reorganization activities aimed at cost cutting.As informed, the average freight rates for box shipping business have risen, accompanied by cargo volume increase of 34.72% year-on-year, and earnings have continued to rise since the fourth quarter of last year.World Maritime News Staff