Belships Issues New Shares to Wrap Up Bulker Acquisition

first_imgzoomIllustration. Image Courtesy: Daniel Norris on Unsplash. Norwegian shipping company Belships ASA has issued new Belships shares to two European companies to complete the acquisition of a 63,000 dwt bulker. In April this year, Belships entered into an agreement to buy the Ultramax vessel M/V Sofie Victory.As informed, a total of 10,710,220 new shares have now been issued to Norway-based company EGD Ultra Eco AS and Cyprus-based Blossom Shipmanagement, sellers of the abovementioned ship.Following the issuance, there are 204,261,050 shares outstanding in Belships, each with a nominal value of NOK 2 (USD 0.23), the company said.The share capital increase relating to the share issue was registered in the Norwegian Register of Business Enterprises on July 4, 2019. The newly registered share capital of the company is NOK 408,522,100.The agreed vessel purchase price was USD 24.15 million, of which approximately USD 14 million was debt. The parties earlier agreed that, of the net consideration of approximately USD 10 million, USD 2 million was to be paid in cash, with the remaining amount to be settled through a proposed issue of new Belships shares.Belships currently has a fleet of 17 Supramax and Ultramax bulk carriers. Furthermore, the company expects to take delivery of one newbuilding in the first half of 2020.last_img read more

Residents of tent city in BC packing up but where will they

first_imgKathleen MartensAPTN NewsFrom the road it looks like a refugee camp.Nylon tents and makeshift shelters flatten the grass in Regina Park, where about 120 homeless people live in a small tent city in the District of Saanich.A hand-printed sign says the park, which overlooks the Trans-Canada Highway, has been seized for “breach of Territorial Law.”That’s a nod to the way settlers cleared Canada, says camp spokeswoman Chrissy Brett.“Indigenous, homeless people face systemic, colonial, white-washed hate in displacement from governments, from municipalities, from the province and the federal government,” she says.(Chrissy Brett is a spokesperson for the tent city residents. Photo: Kathleen Martens/APTN) William Billie and his 19-year-old son, Trevor, are from the Nam’gis First Nation further north on Vancouver Island and live in a tent facing the busy road.They say people in passing cars shout insults at them.“One day I heard a person say, ‘Oh, look it. You Native people are making Victoria look bad’,” says Billie.“Some trucker drivers lay on the horn,” says Brett.“At 3 in the morning that’s not a supportive honk.”Ordered to Leave Despite the problems the vibe remained upbeat Monday as they faced a court-ordered deadline to vacate the park by 7 p.m. Tuesday.Some people were busy packing up but others planned to defy the injunction.“We run smoothly and with our own laws,” says Charles Walkus of the community they call Camp Namegans, which means ‘we are one.’Brett says they were invited to shelter here on unceded Coast Salish territory.“We are trying to support people the government failed,” she says, reciting a litany of reasons people find themselves on the street.“Some people were ‘reno-victed’, lost their jobs, don’t have money for a deposit, don’t feel safe in homeless shelters, are day labourers, or don’t want to be separated as couples.”(Tent city in Saanich, B.C. Photo: Kathleen Martens/APTN) Workers with various social organizations could be seen in the park Monday trying to help.But Brett says employees with the big ones – municipal and provincial housing and social welfare agencies – don’t make house calls.“Some of us refer to those organizations as ‘poverty pimps’ because their outreach services require people to go in to them if you want services,” she says.“If you have services and you’re an outreach service why do I have to go to your office when your (clients) are on the street, they are here, they are in parks.”kmartens@aptn.ca@katmarte This camp is one of about half a dozen tent cities in B.C, where mortgages and rent are among the highest in Canada.Homeless people want the right to live legally in a park when housing isn’t available to them, says Brett.She says Camp Namegans gives people the freedom to leave and apply for services – even look for housing – while their tent and belongings are protected.“This is a stable place where people have a roof over their heads. They don’t have to worry about their things being ransacked by other homeless people or parks (staff) or police (officers).”It also gives people a chance to stay in one place and maybe dry out or come off drugs, she adds.No Serious CrimesBrett, a Nuxalk woman and the camp founder, says contrary to what some politicians and police officers say the camp is violence and fatal-overdose free.“This is way safer than government-run programs that are out there because we treat people with humanity, kindness and compassion,” she says.Sgt. Andy Stuart, with the Saanich police community engagement division, has been coming regularly to check in with residents.He says he’s reviewed the findings of the Truth and Reconciliation Commission to help him “recognize past harms” while working “with today’s problems.”“What’s happened in the past doesn’t fit very well with the current laws of Canada and municipal bylaws,” says Stuart.(Sgt. Andy Stuart of the Saanich Police Service. Photo: Kathleen Martens/APTN) Brett says that shows how these camps are educating public officials about homelessness.And Indigenous issues.“They have a choice in how they deal with us,” she says. “We’ve been here since May and they need our co-operation and compliance.”Earlier this summer, Brett was charged with assault and obstruction of justice after blasting an air horn when firefighters were responding to an emergency in camp.She says she was using it as a teachable moment.“They arrested me but he was going to throw away what he said was garbage. Those were somebody’s belongings.”Still, police say homeowners near the camp are reporting an increase in property crime. And the Saanich Police Service has identified a street gang member in camp they are concerned about.Brett says simply he is homeless like the rest of them.Stay in One Place Billie says living in this tent city with his son has been a gift.“This has been like a home,” he says of his three months in the park where someone gave him a single mattress to sleep on.“I don’t have to take down my tent and pack my suitcase and drag it all around everywhere, every day.”(William Billie stands outside his tent covered in signatures. Photo: Kathleen Martens/APTN)last_img read more

Man Arrested By AST After Failure To Stop

first_imgUpon contact investigation revealed Corona was operating the vehicle with a revoked operator’s license and no motor vehicle insurance. Corona was issued traffic citations for driving revoked in a Double Fines Safety Corridor and driving without motor vehicle insurance in a Double Fines Safety Corridor. Facebook0TwitterEmailPrintFriendly分享The Soldotna AST K-9 Team, on August 7th, attempted to conduct a traffic stop on a red 1998 Pontiac Montana Transport van, at Mile 91 of the Sterling Highway in Homer, after observing the driver failing to wear a seatbelt. Corona was arrested for misdemeanor eluding and was transported and remanded to Wildwood Pretrial where he was released on his own recognizance.center_img The driver and sole occupant later identified as Luis R. Corona (58) YOA of Soldotna failed to pull over. The vehicle eventually came to a stop near the driveway of Backtrackers Trailer Park and Corona fled from the vehicle on foot. K-9 announcements were given and Corona voluntarily gave himself up and was taken into custody without incident.last_img read more

Consumer Magazines See Disappointing SecondHalf 2011

first_imgCategory Close-Up The men’s category saw mixed results in the last six months of 2011. Details had a 15 percent decrease in single copy sales from the same period in 2010, down from 49,459 to 42,034. Its total paid and verified total decreased as well, falling to 1.6 percent to 453,246 in second half 2011. GQ saw paid and verified subscription numbers increase 4.5 percent to 980,254 in second half 2011. However, Hearst’s men’s title saw a 13.8 percent drop in single copy sales: second half 2010’s 204,638 single sales decreased to 176,312 sales in second half 2011.Playboy’s total paid and verified subs also stayed relatively flat, with a one percent decline. The magazine’s single copy sales dropped 8 percent, from second half 2010’s 105,046 to second half 2011’s 96,610. Penthouse endured a tough last six months of 2011, with total paid and verified subs down 21 percent to 123,594. Single sale copies were down about 21.5 percent to 48,052 in second half 2011.The magazines of iconic media moguls Martha Stewart and Oprah Winfrey both saw a substantial drop in newsstand sales: Martha Stewart Living numbers fell 17.1 percent, while those of O, the Oprah Magazine plunged by 32 percent.Every Day with Rachael Ray saw a more subtle decline in single copy sales, at 3.8 percent, while elsewhere in the food category, Martha Stewart’s Everday Food retail sales dropped 25.5 percent, despite a 1.9 percent increase in total circulation. Food Network Magazine, a category leader in growth, gained 16.3 percent in newsstand sales, contributing to a 16.4 percent overall rise in total circulation. Meanwhile, Taste of Home experienced a downslide at the newsstand, with a 29.3 percent decrease in single copy sales. Newsweekly competitors TIME and Newsweek both experienced a moderate decrease in total circulation, at .5 and 1.8 percent respectively. TIME’s single copy sales dropped 3.4 percent, while Newsweek’s bumped up a slight .3 percent. The business magazine category has been largely challenged at the newsstand: The Economist sales fell 12.8 percent, Fortune’s numbers dropped 16.8 percent, SmartMoney lost 17.1 percent, and Bloomberg Businessweek fell 9.4 percent. Gainers in the category include Harvard Business Review, which saw an 11.8 percent increase in single copy sales, and Fast Company, with a 5.5 percent jump.The Hispanic magazine category has shown mixed results: while newsstand sales for Cosmopolitan en Español plummeted by 41.6 percent, Latina and Siempre Mujer saw 31.6 percent and 28.7 percent increases respectively. Single copy sales for People en Español also dropped, by 10.6 percent. Despite continued high hopes for the post-recession period, the magazine industry limped through the second half of 2011. ABC’s second-half 2011 FAS FAX reports total paid circulation stayed basically flat from second half 2010 to second half 2011, down about one percent from 305.5 million to 302.45 million. Subscription numbers fared slightly better, up less than one percent from second half 2010’s 260.59 million to second half 2011’s 262.47 million total paid subs.Single copies suffered the most in the last six months of 2011, declining almost 10 percent from second half 2010’s 32.1 million sales to second half 2011’s 28.9 million.Some standout highs (and lows) from ABC’s FAS FAX: southern lifestyle magazine Garden & Gun’s single copy sales leaped almost 46 percent in second half 2011 to 20,083. Afar’s total paid and verified numbers shot up almost 73 percent to 140,708 in the last six months of 2011. On the other side of the scale, Soap Opera Digest’s total paid and verified numbers fell 40 percent to 292,219 in second half 2011. ESPN The Magazine’s single copy sales dropped 39 percent in the last six months of 2011 to 12,313 copies.last_img read more

OBITUARY Margaret A Ray Gray 72

first_imgWILMINGTON, MA — Margaret A. (Ray) Gray “Peggy”, age 72, of Billerica, formerly a long-time resident of Wilmington, passed away peacefully on December 24, 2018.Peggy was born in Woburn, MA on August 22, 1946; she was the only daughter to the late Joseph and Tullia Ray. Peggy was raised in a large, loving Italian family in Woburn; she went to Woburn Public Schools and was a graduate of Woburn High School with the Class of 1965.Peggy married and soon after moved to Wilmington where she raised two wonderful daughters, Lisa and Michele. She was a devoted mother and grandmother who looked forward to spending time with her family. Peggy beamed with pride as she spoke about “her girls” and especially her grandchildren whom she adored.At her home in Wilmington, Peggy had an “open door” policy and all were welcome. She was an excellent cook who hosted many family gatherings and cook outs throughout the years. Peggy always went out of her way to include family, extended family, friends and neighbors; everyone always had a great time.Peggy was very talented when it came to knitting and crocheting; she made countless blankets, sweaters and other gifts that she shared with her family and friends. In her spare time, she enjoyed watching her favorite television shows as she worked on her projects.Peggy was a “social butterfly” who made friends wherever she went. She also loved animals especially her beloved cats. Peggy was a huge Elvis fan who enjoyed collecting his memorabilia throughout the years.Peggy will be fondly remembered for her love of family and friends; she was always kind to others and went out of her way to help anyone; she will always be in the hearts of those she loved.Peggy was the beloved mother of Lisa Roberts & her companion Gerry Boucher of North Andover and Michele Smith & her companion Joe Luciano of Chelmsford, both formerly of Wilmington. Loving “Grammy” of Nicole, Angelina and the late Allyson Roberts and Bryan Smith, cherished daughter of the late Joseph and Tullia (Zarrella) Ray, dear sister of Joseph Ray & wife Sue of Rye, NH and Jack Ray & wife Kelly of Maynard, special aunt of Jessica, Mitchell and Kaytlin Ray. Peggy is also survived by many cousins and friends.Family and friends will gather at the Nichols Funeral Home, 187 Middlesex Ave. (Rte. 62), Wilmington, on Thursday, January 3rd at 9:00 a.m. followed by a Mass of Christian Burial in St. Dorothy’s Church, Main St. (Rte. 38), Wilmington at 10:00 a.m. Interment Wildwood Cemetery, Wilmington. Visiting Hours will be held on Wednesday, January 2nd from 5:00-8:00 p.m.Margaret A. (Ray) Gray(NOTE: The above obituary is from Nichols Funeral Home.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedOBITUARY: Margaret A. “Peggy” Kane, 71In “Obituaries”OBITUARY: Elizabeth M. (Nolan) McNabb, 94In “Obituaries”OBITUARY: Jena Perrone, 42In “Obituaries”last_img read more

Iran seeks 25 billion to modernise its oil tankers

first_imgIran is seeking $2.5 billion investment to modernise its oil tankers fleet following the lifting of sanctions against Tehran, the managing director of National Iranian Tanker Company (NITC) was quoted as saying Saturday by state news agency IRNA.Iran emerged from years of economic isolation after crippling sanctions were lifted in January in return for Tehran complying with steps to curb its nuclear ambitions.Reuters reported last month two Chinese firms were pushing for multi-billion-dollar deals with Iran to modernise its shipping fleet and build a high-speed railway.”To expand Iran’s oil tanker activities, $2.5 billion will be invested in it,” said Ali Akbar Safaei, managing director of NITC.NITC has around 70 tankers, but many of them are ageing and require valid insurance, testing, inspection and certification — known as ship classification — to be able to ply international waters again.Safaei said NITC was the first Iranian company that managed to rent its ships to foreigners after the lifting of sanctions.last_img read more

3 workers killed in road crash

first_imgThree people killed after a paddy-laden truck plunges into a roadside ditch in Shariapur sadar upazila on Saturday night. Photo: UNBThree workers were killed and six others injured as a truck plunged into a roadside ditch in Khelsi area of Shariatpur sadar upazila on Saturday night.The deceased are Md Rahmat Hossain, 40, Naim Hossain, 25, and Idris, 60, from Chetua area in Ashasuni upazila of Satkhira district, reports UNB.The injured workers said that they had come to Shariatpur from Satkhira on 24 April for cultivating paddy.The paddy-laden truck carrying 12 workers plunged into a roadside ditch after its driver lost control over the wheels, leaving three dead on the spot around 10:30am, said Shariatpur fire service and civil defence deputy assistant director Niaz Mohammad.The injured were admitted at Shariatpur Sadar Hospital, he added.last_img

Womens Basketball Excels in the Classroom

first_imgStory Links LOUISVILLE, Ky. – While the University of Louisville women’s basketball team has opened the season with an 11-0 record and moved up to No. 3 in the Associated Press poll, grade point averages from the 2018 UofL fall semester reflect that the Cardinals have excelled in the classroom, as well.The Cardinals achieved a collective 3.264 grade-point average for the 2018 fall semester, the fourth highest GPA in the Jeff Walz era. This marks the ninth straight semester that women’s basketball has earned better than a 3.0 cumulative GPA.In addition, 12 student-athletes earned a 3.0 or better GPA, while eight earned Red & Black Scholar Athlete status for a 3.25 or better cumulative GPA.Asia Durr, Lindsey Duvall, Dana Evans and Sam Fuehring were all named to the Dean’s List for Fall 2018, earning above a 3.5 GPA.Arica Carter, Durr and Fuehring are all on schedule to graduate in the spring. Carter is working toward her second degree after graduating with a B.S. in Health and Human Performance last December.The Cardinals return to action on Thursday, Dec. 20 when they travel to face Central Michigan.For the latest on Louisville women’s basketball, visit GoCards.com, follow the team’s Twitter account at @UofLWBB or on Facebook at facebook.com/UofLWBB.Print Friendly Versionlast_img read more

Elderly man found dead at home in Kolkata

first_imgKolkata, June 6 (IANS) A 65-year-old man was found dead in his home in Kolkata’s Broad Street area, police said on Thursday. The body of Biswajit Bose, who used to live with his daughter, was recovered from his residence in the late hours of Wednesday. There were external injury marks on the body, a police officer said. The motive behind the murder is not clear. We are investigating the case, police said.last_img

Cable technology provider Teleste has acquired Iqu

first_imgCable technology provider Teleste has acquired Iqu Systems, a German company specialising in intelligent passenger information systems and software.Teleste said the acquisition would complement its offering of passenger information solutions for public transport, one of the company’s key focus areas.The company said that a major aim of the transaction is to strengthen its capabilities as a provider of modular solutions that meet public transport operators’ demands for smooth and reliable delivery of passenger information.Teleste’s current offering for this segment will be complemented by iqu System’s business, which consists of software solutions, displays and related services. The company also holds a firm position in the German public transport market, which will enable Teleste to increase its market reach and presence in the area.Iqu, which has a strong customer base in Germany, Poland, Austria and Switzerland, is expected to post sales of €2 million this year. Teleste said that the acquisition will not have any significant impact on its financial figures in the current year.last_img read more

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