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HLPFI was impressed by news from Royal Boskalis Westminster this week, which reported record net annual profits for 2014 of EUR490mn (USD521mn).The company says that its offshore energy business had a good year with high fleet utilisation and good project margins, whilst in its first full year with the group, the result achieved by Dockwise was an all-time high.Boskalis ceo Peter Berdowski says that although the current market environment offers a mixed picture, with some challenging conditions in the offshore energy industry, it also presents opportunities, even for selective growth.In regards to the offshore energy market, Boskalis believes that whilst the short term is strongly impacted by the low oil price, in the medium to long term the development of prosperity and economic growth will drive the demand for energy. Which should be good news for all our readers. In business2014: a ‘challenging year’ for NurminenNurminen Logistics ceo Olli Pohjanvirta says 2014 was a “challenging year” for the company due to the unexpected crisis in Ukraine and the exceptional decrease in the price of oil.Boskalis sets a recordRoyal Boskalis Westminster (Boskalis) achieved a record net profit of EUR490mn (USD521mn) in 2014, compared with EUR366mn (USD389mn) in 2013.Toll acquires ODTToll Group has acquired mining and industrial services provider ODT Australis. Capacity developments AAL set to increase fleetSingapore-headquartered AAL is planning to further increase the size of its fleet to over 500,000 dwt in 2015.First of many for IntermarineIntermarine has marked the beginning of its ‘Fleet of the Future’ deliveries with the maiden voyage of the new 20,000 dwt multipurpose vessel Industrial Grand.Liebherr launches ‘new benchmark’Liebherr Maritime Cranes has launched its new 308-tonne capacity LHM 800 mobile harbour crane. Offshore wind industry welcomes Boom LockHigh Wind has launched its Boom Lock system, which facilitates the safe installation of wind turbine components in winds of up to 15 m/s.GPA launches breakbulk tracking systemThe Georgia Ports Authority (GPA) has introduced a new tracking system to process breakbulk cargo more quickly, and provide real-time freight tracking.Ritchie auctions Energy fleetRitchie Bros. is to conduct a multi-million dollar crane and transportation auction for Casper, Wyoming based Energy Transportation. Shipment of the weekHLI Rail & Rigging has completed the transhipment of a 111-tonne boiler from a girder bridge trailer on to a Goldhofer trailer at the company’s yard in Laredo, Texas. On the move Hansa sends Roehl to AsiaHansa Heavy Lift has appointed chief commercial officer (cco) Joerg Roehl to manage the shipping company’s business in the Asia Pacific (APAC) region.Almajdouie appoints new ceoSaudi Arabia’s Almajdouie Logistics has appointed Kim Bjerner Rathsack to lead the group’s logistics activities.Lieb to leave SchenkerThomas Lieb has resigned from his position as head of business unit DB Schenker Logistics and chairman of Schenker AG’s management board.Doll appoints DietscheGerman trailer manufacturer Doll Fahrzeugbau has appointed Lorenz Dietsche as the company’s chief sales officer.LOC opens in SydneyLondon Offshore Consultants (LOC) has expanded its Australian operations with the opening of a new office in Sydney. Network and association developmentsThe XLProjects (XLP) network welcomed First Global Logistics as a new member in Egypt, as well as Swift Worldwide Logistics in Qatar.Agencia Unidas joined the Global Project Logistics Network (GPLN) as a new member in Costa Rica, while the network also added C. Steinweg as a representative in South Africa. All about EvieEvie enjoyed joining almost 450 participants at the SC&RA’s 2015 Specialized Transportation Symposium in Atlanta last week, which included meetings of regional and state highway and transportation officials, as well as various educational sessions.She is already looking forward to attending next year’s event, which will be held from March 1-4, 2016 at the Peabody Hotel in Memphis, Tennessee.Evie also joins ALE’s Spanish branch in congratulating a number of professionals, who were awarded prizes by ALE at an award ceremony celebrating the achievements of the country’s top civil engineers.
WASHINGTON, United States (CMC) – The World Bank says a shortage of long-term financing since the 2008 crisis is choking the investment-backed growth of companies in the Caribbean and other developing countries.In a new report, the Washington-based financial institution said the shortage is also hampering the ability of credit-worthy families to borrow for education and housing needs, and escape poverty.At the global level, the bank said this shortage of long-term financing also means that, despite appeals by the Group of Twenty (G-20) and other key international groups, developing countries are struggling to mobilize billions of dollars in financing they need to build badly-needed infrastructure in order to grow their national and regional economies.According to the report, “Global Financial Development Report 2015-2016: Long-term Financing, “extending the maturity structure of finance is considered to be at the core of sustainable financial development.The report says that securing long-term financing, defined as investment funding that matures in a year or more, “depends on the same fundamentals essential to tackling the current volatility in global capital markets.”It urges policy makers to focus on institutional reforms, such as promoting macroeconomic stability, establishing a regulated and legally enforceable banking and investment system that protects creditors and borrowers, and setting a framework for capital markets and institutional investors.“It would be a challenge to achieve high and sustainable rates of economic growth if countries fail to invest in schools, roads, power generation, electricity distribution, railways and other modes of transport, and communications,” said World Bank Group President Jim Yong Kim.“Private sector construction of plants and investment in machinery, and equipment are also important,” he added. “Without long-term financing, households face great hurdles to raising income over their lives —for example by investing in housing or education—and may not benefit from higher long-term returns on their savings.”Kaushik Basu, World Bank Senior Vice President and Chief Economist, said that while long-term finance facilitates investment in infrastructure, durable goods, and people’s education and skills, “finance, however, needs good institutions and effective contract enforcement.“By bringing a wealth of information and analysis to the table, this year’s report greatly enhances our understanding of this critical sector,” he said. The report says long term housing finance is arguably the most important ingredient towards home ownership, “yet the disparity across countries is stark.It says an average of 21 per cent of individuals in high-income countries have an outstanding home loan, compared to a mere 2.4 per cent in lower-middle and low-income countries, such as those in the Caribbean.The report says firms in developing countries also face substantial disparities.It notes that loan durations to firms in low-income countries average 23.3 months, less than half of the average for firms in high-income countries at 58.7 months. “The temptation to seek quick fixes is strong, but only a wholesale effort to reform the institutions that underpin the financial system will solve this problem,” said World Bank Director of Research Asli Demirguc-Kunt.“This report lays out a path that countries can follow to make available the kind of long-term finance that will support sustainable, equitable growth.”The report highlights examples, as well as innovative approaches, that some countries have taken to win access to long-term financing.It says that too little credit information makes it difficult for lenders to assess risk reliably and pushes them towards shorter lending maturities.Additionally, the report says limited protection of investor rights leads lenders to prefer short-term contracts to discipline borrowers by threat of termination.It also says that weak corporate governance leads to a weak contractual environment, stating that a study of over 7,000 firms in 22 countries found that firms with strong corporate governance tended to use less short-term debt.“Insufficient financial knowledge often means that people opt for expensive short-term debt,” the report says. “Effective financial education would allow households to make better decisions, along with consumer protection and financial disclosure rules.”While explaining the scope for long-term finance, the report also cautions that long-term finance is not optimal or even necessary in all circumstances.It says that firms match the maturity structure of their assets with liabilities, and typically seek shorter-maturity debt to finance payroll and inventory, while seeking longer-maturity debt for fixed assets. Sharing is caring! Share 52 Views no discussions Share Tweet BusinessNewsRegional World Bank says shortage of long-term finance ‘blunts progress’ in the C’bean by: Caribbean Media Corporation – September 17, 2015 Share
Argos picked second in GSC women’s soccer preseason coaches’ poll Share BIRMINGHAM, Ala. – The West Florida women’s soccer team was picked to finish second in the Gulf South Conference preseason coaches’ poll released on Thursday. Defending GSC champion North Alabama edged UWF for the top spot, as the Lions earned five first place votes and the Argonauts three.UNA totaled 47 points in the poll with five first place and two second place votes. The Argos were second at 44, while Valdosta State came in third (34) and Alabama-Huntsville fourth (31).The GSC also announced its preseason all-conference team, which included three Argonauts. Defenders Daniela Cruz (San Jose, Costa Rica/University of Costa Rica) and Rachel Cutts (Pace, Fla./Ole Miss) earned the honor, along with midfielder Monica Malavassi (San Jose, Costa Rica/Methodist HS).Cruz and Cutts were leaders for the UWF defense in 2011, as the Argonauts gave up just 1.0 goals and 8.9 shots per game. Cutts started all 18 games and led the team with 1,668 minutes played, while Cruz started 12 games. Both players earned All-GSC honors in 2011.Malavassi returns for her senior year, and she has been a key player for the Argos in her three years. The Costa Rica native is a two-time All-GSC pick, as well as an All-America honorable mention selection in 2010. In her three years, Malavassi has totaled 17 goals, 22 assists and 56 points.In addition to the Preseason All-GSC Team, the league distributed its list of top newcomers from each team. UWF had two players on the list, and both were goalkeepers. Emily Grammer comes to UWF from Mosley High School near Panama City, Fla., and Sami Lewin from Viera High School in Viera, Fla. Both players hope to compete for time at goalkeeper in 2012.The Argonauts will start their season on the road with a pair of games in Dahlonega, Ga., first facing Mount Olive on Sep. 1 and then Belmont Abbey on Sep. 3. The 2012 home opener will be against Sunshine State Conference rival Rollins on Sept. 7, followed by a Sept. 9 meeting with Florida Southern. GSC play will open on Sept. 14 at Union University in Jackson, Tenn., one of two provisional members in the GSC in 2012.For information on all UWF athletics, visit www.GoArgos.com. #ARGOS#Official GSC Release Print Friendly Version Preseason All-GSC selection Monica Malavassi will be counted on as one of the team’s leaders in 2012 (Photo by Bill Stockland)
Donegal Minister Joe McHugh has urged communities to get involved in doing their bit for community spirit by supporting Tidy Towns.At the annual awards night for Letterkenny Tidy Towns last night, Minister McHugh was on hand to do the honours and praise the work of everyone involved in the activism.“Tidy Towns drives community engagement for the benefit of everyone. It brings together groups, associations and organisations which might not necessarily work with one another,” Minister McHugh said. “It’s a real privilege for me to be asked to present the awards to so many dedicated and passionate people. At all times their ambition is to make our environment a better place to live and work and socialise.“That can also be said of the regeneration funding announcements by Government in recent days, including a €1million grant that is helping to drive the Letterkenny 2040 project to rejuvenate the town centre and focus on making it a better place.“This financial support is just the start of a big, long-term strategic goal to revitalise the town and when it is combined with the tireless voluntary work through Tidy Towns I am confident it will be a success for generations to come.”Minister McHugh said he particularly wanted to thank Anne McGowan, chair of Letterkenny Tidy Towns, who has been dedicated to the organisation for something close to 30 years. “Her team, and all the volunteers and residents’ associations who make Tidy Towns the success it is, also deserve huge credit for their efforts.“I know Letterkenny Tidy Towns builds excellent networks and has been brilliant at driving connections and commitments from other organisations in the town in order to get the work done.“I’d like to see as many people, businesses, community groups and other associations join forces with Tidy Towns to promote and deliver more of their ambitious work.”Minister McHugh added: “I’d like to congratulate all the winners, particularly the young people and the schools involved. I was delighted to see Little Angel’s receive an award, especially as I had spent some time earlier in the day seeing the good work they do. It’s a great privilege to be asked to celebrate their achievements.”McHugh urges communities to get involved in Tidy Towns was last modified: November 27th, 2018 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalletterkennyMinister Joe McHughtidy towns
Darren Collison #2 of the Indiana Pacers moves the ball upcourt against Tyler Ulis #8 of the Phoenix Suns during the second half of the NBA game at Talking Stick Resort Arena on January 14, 2017 in Phoenix, Arizona. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Christian Petersen/Getty Images/AFPINDIANAPOLIS — The Indiana Pacers will be without Darren Collison for two to three weeks after he arthroscopic surgery on his left knee.Coach Nate McMillan made the announcement before the start of Monday night’s game against Washington.ADVERTISEMENT Sports Related Videospowered by AdSparcRead Next Don’t miss out on the latest news and information. ‘A complete lie:’ Drilon refutes ‘blabbermouth’ Salo’s claims MOST READ BeautyMNL open its first mall pop-up packed with freebies, discounts, and other exclusives SEA Games: PH still winless in netball after loss to Thais Eagles get hero’s welcome after winning 1st Super Bowl title PH military to look into China’s possible security threat to power grid McMillan said Collison suffered the injury during Saturday’s victory over Philadelphia. A subsequent MRI showed he needed surgery, and McMillan says the Pace hope to get Collison back shortly after the All-Star break.Collison is averaging 12.8 points, 5.3 assists and 1.4 steals while shooting 43.2 percent on 3-pointers. Cory Joseph will replace Collison in the lineup.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingAn illness also will keep All-Star guard Victor Oladipo out of Monday’s game. He will be replaced by Lance Stephenson. Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ Do we want to be champions or GROs? – Sotto Hotel says PH coach apologized for ‘kikiam for breakfast’ claim ‘We cannot afford to fail’ as SEA Games host – Duterte LATEST STORIES Robredo: True leaders perform well despite having ‘uninspiring’ boss PLAY LIST 02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games View comments
Both NorthEast United and Kerala Blasters will be eager to start their campaign with a win todayA humdinger of a contest is on the cards as NorthEast United FC take on Sachin Tendulkar co-owned Kerala Blasters FC in the second match of the Indian Super League(ISL) on Monday.The Ricki Herbert-coached home side will bank on the support of a fanatical home following and a potent attack to help breach the Kerala citadel, which will be guarded by a hugely competent defence.Intrigue surrounds the Kerala Blasters goalkeeping spot, as it remains to be seen whether marquee player-manager and former England goalkeeper David James will play himself, or take up managerial duties on the sidelines.The home side will reap the cohesive benefits of its youthful, albeit relatively inexperienced, Indian contingent who hail from Shillong Lajong FC.The visitors will not be disadvantaged as their Indian players have been handpicked by assistant coach Trevor Morgan from among his former East Bengal wards. All eyes will on the mercurial attacking mid-fielder Mehtab Hossain, who was Morgan’s first pick during the domestic player draft.Kerala Blasters are banking on Mehtab to unleash his destructive potential on the opposition and try to nip all NorthEast attacks in the bud in the middle of the park. This is a great chance for Mehtab to show the world why he is hailed as India’s best defensive midfielder.For the home side the match to watch out for will be Cornell Glen. The former Trinidad & Tobago World Cupper, who has past Indian experience with Shillong Lajong, is expected to front an incisive attack which has Luis Padilla, James Keene, Sergio Pardo, and Seimenlen Doungel as the support options. Expect Colin Falvey, Cedric Hengbert, Jamie McAllister and other rocks in the Kerala defence to secure their fortress with great determination.advertisementAnother NorthEast United FC who will also have his share of spotlight is Alexandros Tzarvos, Greece’s 2010 World Cup goalkeeper. His presence under the bar will lend assurance to his teammates. A clean sheet will be his great contribution to the cause.Kerala Blasters will also rely on the season Penn Orji. Morgan may rely on his trusted former hand to unlock the home defence which will be helmed by marquee player Joan Capdevila. The wily Nigerian central midfielder is quite capable of providing a few moments of magic that can create the openings and enable the likes of Michael Chopra, Iain Hume, Andrew Barisic to take full advantage.
The Government, in an effort to reduce schools’ dependency on the importation of fossil fuels to create energy, will spend approximately $120 million on the implementation of projects in schools under the Solar Systems Project.Details have been outlined in the 2018/2019 Estimates of Expenditure, tabled in the House of Representatives on February 15.Statistics have shown that an estimated annual average of 20.4 million barrels of oil equivalent (BOE) were imported during the 2010-2015 period for use in the electricity, manufacturing and transportation sectors, with an average import value of US$1.9 billion. The Solar Systems Project aims to reduce this number through the consumption by schools.According to the Estimates, the National Education Trust Limited (NET) will be responsible for the implementation of the project, which will provide alternative energy, including solar, from photovoltaic systems to schools across the island in an effort to lessen the dependence on the Jamaica Public Service Company and reduce the current electricity bill at schools by 40 to 70 per cent.Some of the targets under the project include complete retrofitting, upgrade and repair to roofs with solar systems at schools that have already been assessed; the payment of fees to the Development Bank of Jamaica (DBJ) of approximately $15 million, and the development of Business Case and Cabinet Approval to proceed to Transaction Stage of the Public-Private Partnership (PPP).The NET, which is responsible for the implementation of the projects on behalf of the Ministry of Education, Youth and Information, is a Government of Jamaica company, which is limited by guarantee and is a registered charitable organisation that mobilises financial and quality resources for schools in Jamaica.
APTN National NewsThe trial of a former senior adviser to Prime Minister Stephen Harper has been pushed back to Sept. 14, according to an Ottawa court official.Bruce Carson, who was once an acting chief of staff in the Prime Minister’s Office, was scheduled to stand trial Sept. 8 on a charge of influence peddling.It’s unclear why the date was changed. A call to the Crown’s office was not returned.Carson was charged following an APTN National News investigation into his lobbying activities on behalf of an Ottawa-based water filtration company that had a struck a side-deal with Carson’s fiancée, a former escort. The deal guaranteed the woman a large cut of filtration system sales to First Nation reserves suffering from water woes.Carson is also facing three charges of illegal lobbying and a charge of influence peddling from a separate RCMP investigation into his activities on behalf of the Canada School of Energy and Environment (CSEE) and the Energy Policy Institute of Canada (EPIC).Carson headed the CSEE which was given $15 million by the Harper government.Carson was deeply involved in helping promote Canada’s tar sands and developing a national energy strategy.Carson once brought an escort to a party at the prime minister’s residence on 24 Sussex Dr. The escort, who had been previously deported from the United States following a criminal conviction for involvement in a prostitution ring, struck up a conversation about underwear with Harper during the party. Harper reportedly firstname.lastname@example.org@APTNNews
Kent DriscollAPTN NewsIt is cheaper to fly to another country than it is to Nunavut.If you live in the territory, you’ve heard this lament, and it is true. A one-way fare from Ottawa to London, England tomorrow would cost $850. A flight from Ottawa to Iqaluit on the same day starts at $940.This has Nunavummiut worried, as they await the merger of the North’s two largest airlines, Canadian North and First Air.The federal government has approved the merger, provided the airlines follow 31 regulations and restrictions designed to maintain the status quo with Nunavut’s air travel.For the customers, that status quo was pretty expensive to begin with.“It is very expensive for me, as a single mother,” explained Jenny Ell of Iqaluit. “It’s very hard to try to leave with my children, because it’s so expensive. To leave from Ottawa to overseas, it’s cheaper to do that than from Ottawa to here, and that’s kinda not fair.”Both airlines are currently owned by Inuit corporations, one from Nunavik and another from Northwest Territories, that claim saving money on operating costs will make the airline more efficient.The 31 conditions attached to the merger are supposed to make sure prices don’t rise, but are all but guaranteed to eliminate seat sales and even the most basic of competition.Adam Arreak-Lightstone, an Iqaluit MLA, wonders if company savings will be passed on to the customers.“I share a lot of concerns like many Nunavummiut have expressed,” he told APTN News. “I understand there are many effencies when it comes to a merger, but on the other hand, I’m not completely convinced of the new airline passing on those effencies to the customer.”In Nunavut, every community is a fly-in community. To live in Nunavut is to be dependent on the airlines, whether waiting for cargo or hoping to travel.Kathy Hanson is concerned; she knows she has no choice.“I’m a little bit worried,” said the long-time Iqaluit resident. “Right nw it’s pretty costly to head out anywhere, in the North or in the South. Of course, living on an island, we have no choice but to fly out.The Competition Bureau of Canada called the merger a “monopoly” and recommended it be declined. The federal cabinet went ahead and approved it.Now, Nunavummiut are waiting for the other shoe to drop, and are wondering if these limits and rules keep airfare at the status email@example.com@KentDriscoll