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Demolition: Time to Take The Bitter Pill

first_imgLow freight rates should be the best incentive for owners to take the bitter pill and scrap some of the outdated tonnage in order to bring the necessary ease to the heavily oversupplied market, according to BIMCO’s Chief Analyst Peter Sand.Freight rates have experienced a solid rebound from the 2016-lows, with rates for all trade routes being above last year’s equivalents when they hit the floor.However, the increase is still too low to profit from as numbers are still below the industry average, Sand pointed out.The short-lived rebound in charter rates has been attributed to the regrouping of major carrier alliances. Although, the benefits of the new network structures constantly being introduced by the carriers will take a while to realize.The three alliances control 77% of global containership capacity and as much as 96% of all east-west trades. Still, it should be kept in mind that 57 % of all TEU-demand is generated by non-east-west trades, which have been particularly impacted by cascading.Nevertheless, BIMCO expects the rates to drop somewhat again.“Get rid of the ships that are no longer economically viable, few as they may be, and avoid getting back to the shipyards any time soon,” Sand insisted.Touching upon the possible effect of the upcoming entrance into force of the Ballast Water Management Convention (BWMC) and the 2020 Global Sulphur Cap, Sand said the claim that a lot of ships may be demolished amid high retrofitting costs to make them compliant with the new regulations is basically “wishful thinking”.Namely, as disclosed, there is a high level of preparedness of companies engaged in container shipping for the upcoming BWMC and they are ready to install whatever is needed to comply with the new regulations.“It would be a mistake to believe that this is the silver lining that will save the industry prompting large scale of demolition, and we do not expect huge buildup of demolition on the back of the Ballast Water Convention or the 2020 Global Sulphur Cap,” he added.World Maritime News Stafflast_img read more

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U.S. weekly offshore rig count climbs to 20

first_imgThe number of U.S. offshore rigs climbed up to 20 this past week, according to weekly rig count reports released on Friday by Baker Hughes, a GE company. Illustration – Copyright SPMac/Flickr – Shared with permission from the photographerBaker Hughes Rig Count: U.S. +7 to 1,055 rigsU.S. Rig Count is up 7 rigs from last week to 1,055, with oil rigs up 7 to 867, gas rigs unchanged at 186, and miscellaneous rigs unchanged at 2.U.S. Rig Count is up 119 rigs from last year’s count of 936, with oil rigs up 118, gas rigs unchanged at 186, and miscellaneous rigs up 1.The U.S. Offshore Rig Count is up 1 rig to 20 and up 3 rigs year-over-year. Baker Hughes Rig Count: Canada +22 to 226 rigsCanada Rig Count is up 22 rigs from last week to 226, with oil rigs up 15 to 148 and gas rigs up 7 to 78.Canada Rig Count is up 14 rigs from last year’s count of 212, with oil rigs up 36 and gas rigs down 22.last_img read more

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The media has lost its objectivity on this issue of gay marriage, says Senator Eric Abetz

first_imgThe fight for same-sex marriage in Australia is far from overThe Age 1 July 2015It is disappointingly predictable that the media in Australia is obsessed by a slim majority activist US Supreme Court decision. At the same time there have been no reports of  an elected representative vote in another country of 110-26 against same-sex marriage.While we have heard much about the US Supreme Court’s extraordinary ruling that a right to marry someone of the same sex has – somehow – always been constitutional, there’s been hardly any mention about last week’s overwhelming vote against gay marriage in the Austrian legislature.Most people in a democracy believe social policy should be determined by the people, not by dubious interpretation by an activist judiciary.The US Supreme Court majority has set a dangerous precedent for the US by asserting that the American people have, since inception, somehow misunderstood their own constitution.As dissenting Justice Antonin Scalia put it:  “And to allow the policy question of same-sex marriage to be considered and resolved by a select, patrician, highly unrepresentative panel of nine is to violate a principle even more fundamental than no taxation without representation: no social transformation without representation.”Scalia’s deep concern is sound.http://www.theage.com.au/comment/comment-eric-abetz–on-gay-marriage-20150701-gi26gi.htmllast_img read more

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Cancer Society offers free breast cancer screening for women today

first_img Share Share LocalNews Cancer Society offers free breast cancer screening for women today by: – April 20, 2012 Tweet President of the Dominica Cancer Society, Mrs. Vinna Royer, Women in Dominica are being encouraged to take advantage of a free clinic session today.The Dominica Cancer Society in collaboration with the Roseau Health Center is offering free screening service for pap smears and breast examinations.President of the Dominica Cancer Society Vinna Royer said while women have been known to take better care of their health, more can still be done.She said today’s screening which commences at 1pm at the Botanic Gardens will positively impact the lives of those who will get tested.Royer is encouraging all women to take part.“The Cancer Society continues to stress that early detection save lives and we have been urging people to get themselves checked. We focus on various cancers at various times and this time we are targeting women. We are asking them to come to the Roseau Health Center and we will have these services done,” she said.She said the invitation is extended to all women whoever can make it.“The nurses are there to provide consultation and advice on the matter. Apart from doing the examination, we will be doing education. We will have flyers, posters and video clips and we will try to give as much information as we can on those issues,” she said.Dominica Vibes Newscenter_img Share 15 Views   no discussions Sharing is caring!last_img read more

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Casino employees receive bonuses, recently passed tax act cited

first_imgIndianapolis, In. — The company that’s owns Hoosier Park and Indiana Grand Casinos has announced$500 bonuses for all workers. Indianapolis-based Centaur Gaming president and CEO Jim Brown says the bonuses are possible because of the recently passed Jobs and Tax Cut Act.The company has also agreed to pay all the taxes associated with the bonus payment.last_img

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Fish Resigns as Sports Information Director

first_img Share Fish Resigns as Sports Information Director June 22, 2007PENSACOLA, Fla. – After serving the University of West Florida as an assistant and director in the sports information department, Jake Fish has resigned from the university. He accepted a position with Fleishman-Hillard Public Relations in Dallas, Texas.”This is a difficult decision for me, but I feel it is time for me to further my career,” said Fish. “It has been a privilege and pleasure to cover our athletic program with all of the success over the past several years.”After serving as a public relations intern with the NFL’s Jacksonville Jaguars during the 2001 season, Fish came to West Florida as the assistant sports information director in the spring of 2002. In June 2005, he was promoted to sports information director.During his five-and-a-half years at West Florida, Fish represented West Florida as a liaison for the Argonauts 14 NCAA Division II sports program. He was responsible for starting West Florida’s radio and internet broadcasts. Fish also spearheaded media relations and game management responsibilities for the inaugural 2006 NCAA Division II Fall National Championships Festival.Fish earned his bachelor’s degree in communications from Colby-Sawyer College in New London, N.H. He also attended Florida State University where he received his master’s degree in sport administration.”I am excited about making the move to Dallas and working for a first-class public relations firm,” said FishPrint Friendly Versionlast_img read more

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Stage set for Kares Fitness Challenge 2017

first_imgTHE fittest men and women will kick their performances up a notch when the Kares Engineering Fitness Challenge gets going at the National Park today.Rain or shine, athletes are going to be pushed to the brink,according to organiser Jamie Mc Donald, who told Chronicle Sport, “All things are ready and fans are in for a treat come today.”Dillon Mahadeo will have to stand his ground against the fierce challenges in the male division,while the defending ladies champion is Candace Lynch.The first event of the Challenge will see the contestants running two miles around the national park with a 300m carry at the end for the females and a 400m carry for the men.Event two will see the men doing 33 deadlifts at 225lbs, while the women will have to do the same number at 155lbs. This will be followed by 33 box jumps at 30 inches for the men and 24 inches for the women. 33 Kettlebell swings at 55lbs for the males is another part of stage two with the women having the same number with a 35lb weight.They will close the round off with 33 pull-ups for both men and women and 33 overhead squats at 75lbs for the men and 55lbs for the women.Event three will see each athlete having to complete a lift of increasing weight over a one minute period, with the men starting at 165lbs and going all the way to 255lbs,while the ladies will start at 65lbs and move all the way to 135lbs.Event four will be a 10 minute workout with points being scored for as many reps as possible. In the odd minutes (minutes 1,3,5,6,7,9), the competitors will have to use the wallballs at 20lbs for males and 14lbs for females. On the even minutes (2,4,6,8,10), competitors will have to do as many reps as possible in the toes to bar exercises.Event five will be unveiled on the competition day,according to organiser Jamie McDonald, with the Director of Sports, Christopher Jones, expected to pick said event from a bag full of challenges.Event sponsors include Windjammer, which will provide meals for the judges and staff, as well as Ansa McAl through the Lucozade brand, Roraima with its Arrowpoint Nature Resort as well as Baganara.Giftland Sportsmax, Wings Investments, Johnny P supermarket, Trophy Stall, Star Party Rentals, St Joseph’s Mercy Hospital, Tech Pro, Fitness Express and Genesis Fitness Express are also on board for the event.last_img read more

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Multicultural Greek numbers increase

first_imgNumbers are up for the Asian Greek Council and Multicultural Greek Council as both organizations reported higher recruitment numbers this fall.MGC registered about 50 new students, most of whom were women, according to MGC President Celen Rosales, a member of Sigma Lambda Gamma.AGC gained close to 100 new members, which is a significant amount for the smaller fraternities and sororities focused on Asian American culture, AGC President James Hwang said.“We have definitely increased our numbers since last year. We’re continuing to experience an upward trend in the amount of ‘rushees’ which are mainly freshman,” said Hwang, a member of Gamma Epsilon Omega.Hwang said the increased rush numbers might be because of AGC attempts to create a bigger presence on campus during AGC’s rush, which takes place during a two-week period.“We post fliers everywhere and participate in the various involvement fairs. In the summer, we were also present with other organizations at an orientation for the Asian Americans,” Hwang said.MGC organizations each have their own rush weeks and  events after the main MGC informational.The overall goal for next year for both councils is to improve the publicity of their respective organizations and plan more events, including philanthropy activities, on campus.Both councils also hope to cooperate with each other as well as the other Greek councils at USC.“We’re working on creating more events to put on the USC calendar,” Rosales said.AGC is also working to expand its network across the state. It is now involved in the Asian Greek Council of Southern California, which brings Asian American culture organizations from other schools together, connecting the USC organizations with other universities.“Each organization in the AGC has about 20 to 30 members, so it’s great to be able to network with the organizations from other schools nearby,” Hwang said.Although the traditionally small councils face challenges for expansion, members said that’s what makes the many multicultural and Asian fraternities and sororities unique.The smaller organizations allow members and prospectives to know each other on more of a personal level and allow prospective members to choose an organization based more on the interests and personalities of the members, Hwang said.“We usually receive a small number of bids ranging from one to 10. Ten bids for the organizations in MGC is actually a huge number for us. However, our smaller amount of members per organization allows us to focus on unity,” Rosales said. “For us, recruitment is a lot harder because our council is a lot smaller than most of the others.”Hwang said the recruitment effort this year went well.“Overall, I am satisfied with how recruitment went this fall,” Hwang said. “The AGC is increasing as a family and we’re doing our best to make sure prospectives join the fraternity or sorority that is the perfect fit.”last_img read more

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Hot stove season best time of year

first_img‘Tis the season — Major League Baseball’s hot stove season,that is. With temperatures dipping below freezing, and snow and ice coveringthe ground, baseball may seem like a long ways away for most fans. But thatdoesn’t mean all’s quiet on the MLB front.On Tuesday, the Tigers and Marlins kicked off the tradingfestivities by swapping a handful of players. Most notably, pitcher DontrelleWillis and third baseman Miguel Cabrera were sent to Detroit. With these twoadditions, the Tigers are already looking to be a top contender in the AmericanLeague this season.But comparing that story to the Johan Santana saga is likecomparing “Jingle All the Way” to “Christmas Vacation.”Simply told, Santana is the biggest name being discussed inthe winter talks in Nashville. Rightfully so, as Santana — a two-time Cy Young Awardwinner — is arguably the game’s best pitcher. In his career, he’s gone 93-44and has recorded 1,381 strikeouts. (He also hit a triple in interleague playagainst the Marlins this year. Not too shabby.)The only problem is that he’s gotten too expensive for thesmall-market Minnesota Twins to hang onto him, much like centerfielder ToriiHunter, who darted for Anaheim in November. The Twins’ pinchpenny owner, CarlPohlad, is opting to play the role of Ebenezer Scrooge, refusing to dish outthe dough to keep his ace in the Twin Cities.With the near-certainty that Santana will be shipped out atsome point, the biggest question during the winter meetings has been where hewill land. It should come as a surprise to no one that the New York Yankees andBoston Red Sox were the two favorites early on, obvious choices since bothteams have more money than Santa Claus himself.But when you pitch like Santana does, you’re going to comeat a hefty price. That price was too steep, in fact, for the Bronx Bombers.Shocking, I know. But the Yankees couldn’t offer quite what the Twins had ontheir wish list, and set an ultimatum of Monday night for a trade to happen.That time came and went with no deal struck, meaning New York is likely out ofthe race.Which leaves Boston as the favorites.It appears as if the only way the BoSox would fail to landSantana at this point is if they are on Twins GM Bill Smith’s naughty list(pardon the abundance of holiday-related analogies). What that would mean isthat if they, like the Yankees, don’t offer what the Twins are asking for, theymight lose out on landing the southpaw. Two key pieces that seem to be includedin the deal for the Twins to listen are outfielder Jacoby Ellsbury and pitcherJon Lester, but Boston may not want to part with both of their young stars.If Santana does find himself in a Red Sox uniform beforespring training, it shouldn’t be a surprise to fans from either region. Much tothe joy of Beantowners, Minnesota has gift-wrapped a fair amount of itsathletes and shipped them off to Boston. We’re not talking small gifts, either —like that pair of socks your grandma knits you every year and you smile andthank her politely for. No, the Land of 10,000 Lakes has given Boston gifts(whether directly or indirectly) of Xbox 360 and iPhone proportions, gifts thatmake you jump for joy and run around the room screaming. I’m speaking of KevinGarnett, David Ortiz, Randy Moss and Laurence Maroney, to name a few.In return, Minnesota has received numerous lumps of coal:Ryan Gomes, Theo Ratliff, Justin Jones — you get the point.No, I’m not here to pout or lament over the losses, for Irealize the sports industry is a business. And the hot stove trades havecertainly kept things interesting during the offseason, giving fans somethingto look forward to. And besides, if the true holiday spirit is really aboutgiving, Minnesotans should be the most cheerful of all, right?Ah, who am I kidding? Bah humbug!Tyler Mason is ajunior majoring in journalism. If you’d like to sip some eggnog and talk aboutthe recent baseball trades with him, he can be reached at tmason@badgerherald.com.last_img read more

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Syracuse squanders its few chances in 5-0 loss to Boston College

first_img Facebook Twitter Google+ Published on April 30, 2016 at 9:38 pm Contact Matthew: mguti100@syr.edu | @MatthewGut21 Kelsey Johnson slashed a grounder just foul down the left field line for what may have scored two. Instead, it made the count 1-2. Syracuse head coach Mike Bosch clenched his fists in frustration. With the bases loaded and two runs down, this was Syracuse’s chance.“Good battle. Come on Kels! Come on!” Bosch pleaded.But Johnson struck out looking. The slap hitter’s scurry out of the box turned still when she heard the strikeout call. She looked behind her and began a slow gait back to the dugout.“If (we) take advantage of that opportunity,” Bosch said, “it might be a little bit different.”But the Orange didn’t and Boston College’s (27-21, 9-8 Atlantic Coast) Allyson Frei held Syracuse (27-23, 9-13) scoreless in game two on Saturday afternoon at SU Softball Stadium. In the occasional times it got runners on base, the Orange could not capitalize against the sophomore right-hander, losing 5-0. In the first game, the Eagles banged out 12 runs on 18 hits to win, 12-2, in five innings.AdvertisementThis is placeholder textSU came out flat on senior day, managing just three hits in the second game. Only twice did a leadoff batter reach base. It was the first time this year SU has lost both games of a doubleheader at home.With Saturday’s losses, Syracuse has dropped four of its last five conference games and fallen to the No. 7 spot in the conference. The top eight teams advance to the ACC tournament.“(Today was) kind of uncharacteristic for our team,” Bosch said. “That’s kind of disheartening getting toward the end of the season.”After a 13-0 win over North Carolina State two weeks ago, the Orange had won its last five series and was seeded No. 6, within striking distance of getting into the ACC’s top four. But dropping two of three at Louisville last weekend and both games on Saturday makes it likely SU will play either No. 1 seed Florida State (41-5, 18-1) or No. 2 seed Louisville (32-11, 13-5) in the first round of the ACC Tournament. The Orange is 1-5 against those teams this year.In the second game on Saturday, sloppy base running took the Orange out of a big-inning opportunity. At-bats were weak, as the Orange tallied just three hits — the first of which didn’t come until the fifth inning — and struck out seven times.“It’s something we need to cut down on moving forward,” assistant coach Kristyn Sandberg said of the team’s strikeouts.Andrea Bombace led off the second inning with a routine fly ball to right. With the sun in the eyes of BC’s Loren DiEmmanuele, she dropped it, allowing Bombace to coast into second. Bombace then stole third giving Hannah Dossett, one of SU’s hottest hitters, a chance to put the Orange on the board.Dossett hit a grounder to third, but Bombace drifted too far off the bag and was tagged out. It killed any hope the Orange may have in its first of just a few chances on the day.“She took a bad lead and got caught off the bag,” Bosch said. “(She) didn’t take a walk-off lead, got too far off the base.”Meanwhile, SU starter AnnaMarie Gatti left pitches over the middle of the plate for BC hitters to drive. A Severini homer to left put BC up 1-0 in the third. A Tatiana Cortez sixth-inning double to left made it 3-0. BC would tack on two more.Syracuse’s only other chance came in the fifth when Bombace turned a 2-2 count into a leadoff walk. After Alicia Hansen walked, Rachel Burkhardt smacked a liner up the middle, giving Danille Chitkowski a chance with the bases loaded.When Frei threw a hard fastball up and away for strike two, Chitkowski looked back at the umpire as if to say, “Really?” She laid off the next pitch in the dirt, but struck out swinging.Syracuse’s seventh and final inning epitomized its day, lasting just a few minutes and a handful pitches: A lazy fly to center field, a weak grounder to second, then a first-pitch pop-up to first base marked the end of a lackluster day at the plate.“Sometimes things just fall into place and things happen,” Syracuse infielder Corinne Ozanne said, “but today they didn’t.” Commentslast_img read more

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