zoom The International Association of Classifications Societies (IACS) has adopted new Unified Requirements that are aimed at further improving the safety of large container ships by enhancing consistency between pre-existing Class Society provisions in this area. IACS established at the beginning of 2014 an expert group on structural safety of container ships which carried out a post “MOL Comfort” review of available information which also took into account a number of past casualties. This work has resulted in the development of Unified Requirement (UR S11A) which is a longitudinal strength standard for Containerships that explicitly addresses the three issues requested of both individual classification societies and IACS by the authors of the MLIT investigation report.These cover:Bi-axial stresses which would be induced by lateral loading, i.e. external pressure on the bottom shell: IACS Members have for many years addressed these bi-axial stresses in their individual rules and procedures. The effect of the lateral loads which induce bi-axial stresses of bottom shell plates should be considered in the requirements of the hull girder ultimate strength and this will now be recognised in the new IACS Longitudinal Strength Standard for Container Ships, known as Unified Requirement S11A which will enter into force on 1 July 2016.The whipping effect on container ships: Although this phenomenon continues to be the subject of research, the effects are becoming better understood and some individual IACS Members have developed specific rule requirements in this regard. The development of an IACS Unified Requirements for the whipping component of hull girder loading will take time, however in the interim IACS has introduced a functional requirement into the new Unified Requirement S11A which requires IACS Members to take into account whipping in accordance with their individual procedures. Entry into force is again 1 July 2016.A revised wave bending magnitude and longitudinal distribution has been included in the development of the new Unified Requirement S11A full details of which will be made available on the IACS website shortly.IACS expects UR S34 to set consistent requirements among IACS members by defining the unified minimum load cases used while performing strength assessment of container ships by Finite Element (FE) analysis.“This fulfills two principal aims. Firstly, by prescribing high-level “functional requirements” on loads, the bottom line of structural strength becomes unified and, secondly, by developing a minimum set of common loading conditions for Cargo Hold Analysis in the midship region, a baseline for structural strength at cargo hold in the midship region is achieved,” IACS said.New S34 is applicable to container ships only and will apply from 1 July 2016 and requires a Global (full ship) analysis for ships with length ≥ 290m and a Cargo hold analysis for ships with length ≥ 150m.
Sony buys Michael Jackson’s stake in music catalogue for $750M LOS ANGELES, Calif. – Michael Jackson’s estate has agreed to sell its remaining stake in a lucrative music catalogue to Sony Corp. for $750 million, the entities announced Monday.The agreement for Jackson’s half-share of the Sony/ATV Music Publishing catalogue will give the company sole ownership of works by The Beatles, Bob Dylan and other hit making musicians, including Eminem and Taylor Swift.The deal is another posthumous blockbuster deal for Jackson, whose estate has erased the singer’s massive debts through a mixture of new music and movie ventures and re-releases of the singer’s most popular music. Jackson’s estate benefits his mother and three children, known as Prince, Paris and Blanket.“This agreement further demonstrates Sony’s commitment to the entertainment businesses and our firm belief that these businesses will continue to contribute to our success for years to come,” Sony Corp. president and CEO Kazuo Hirai wrote in a statement.The sale does not include rights to Jackson’s master recordings or songs that he wrote, and the singer’s estate will continue to have a stake in EMI Publishing, Inc.“This transaction further allows us to continue our efforts of maximizing the value of Michael’s Estate for the benefit of his children,” the co-executors of Jackson’s estate, attorney John Branca and music executive John McClain, wrote in a statement. “It also further validates Michael’s foresight and genius in investing in music publishing.”Jackson purchased the ATV portion of the catalogue in 1985 for $41.5 million, and he later merged it with Sony. It remained his most lucrative asset at the time of his death in June 2009 at age 50, though by that point Jackson was hundreds of millions of dollars in debt.The deal for Jackson’s half of the Sony/ATV catalogue is expected to close by the end of March. by The Associated Press Posted Mar 14, 2016 10:14 pm MDT Last Updated Mar 15, 2016 at 7:00 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email FILE – In this March 5, 2009 file photo, US singer Michael Jackson announces that he is set to play ten live concerts at the London O2 Arena in July, which he announced at a press conference at the London O2 Arena. Jackson and Sony Corp. announced Monday, March 14, 2016, that the singer’s estate had sold its half interest in the massive Sony/ATV Music Publishing catalog to the company for $750 million. The catalog includes music by The Beatles, Bob Dylan and other stars, but the deal does not include rights to Jackson’s master recordings or songs he wrote. (AP Photo/Joel Ryan, File)