MPCC Invests in Three More Feeders

first_imgzoomImage Courtesy: MPC Container Ships Oslo-listed containership owner and operator MPC Container Ships ASA (MPCC) has resumed its fleet buildup with the acquisition of three more feeders.The company bought MV Victoria Schulte, a geared 2,500 TEU vessel built in 2005, from Triton Debt Opportunities S.C.A. and its subsidiary Victoria Schulte Shipping.The deal has been structured as a combined cash and share deal. Hence, MPCC will pay a total consideration of USD 11.8 million and may settle up to USD 2.9 million of this amount by way of delivering new common shares in MPCC.Additionally, the shipowner has entered into agreements with Schifffahrtsgesellschaft MS WELLE mbH & Co. KG and Schifffahrtsgesellschaft MS WOGE mbH & Co. KG to acquire MV Welle, which will be renamed AS Penelope and MV Woge, future AS Pauline. The two gearless 2,500 TEU vessels were built in 2005 and 2006 at STX Shipbuilding, Korea, respectively, and will be acquired for USD 11 million each.“Physical takeover of the vessels is expected to take place in the second quarter of 2018, lifting the fleet of MPCC to a total of 68 vessels, “the company said announcing the deal.Of this, 40 vessels are owned and operated by the company’s wholly-owned subsidiary MPC Container Ships Invest.Separately, MPCC Invest informed that the proceeds of USD 200 million from the bond issue have been disbursed from the Escrow Account and applied in accordance with the bond terms. MPCC Invest has now taken over all vessels, including 15 initial vessels and 25 additional vessels. The acquisitions of these vessels have been financed, in part, by the bond proceeds.“Within only 12 months, MPCC has become the largest owner globally of feeder container ships with a capacity of up to 3,000 TEU. During the same time charter rates in the segment have developed very positively. Although the supply and demand situation is now pointing towards a rebalancing with a much reduced idle fleet, the market continues to provide attractive acquisition opportunities. “We are currently considering financing options to further grow our business, both via asset acquisitions or ship for share transactions. The recent main board listing on the Oslo Stock Exchange will make us even more interesting for global investors,” Constantin Baack, CEO of MPC Container Ships ASA, comments.Since its inception in 2017, MPC Container Ships completed multiple rounds of funding in the capital markets. The amount raised through both equity and bond offerings currently totals in USD 625 million.last_img read more

Guilty plea Padgett gives SIPT revealing bank statments

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 03 Feb 2016 – A lot of bank statements were shown in court this morning as the Special Investigation Team’s lead attorney Andrew Mitchell highlighted payments made by Richard Padgett to Floyd and Lisa Hall. Mitchell said while the Halls will argue that this money was for commissions and therefore legitimate, he plans to show the court that they were not. The list of monies, in the tens of thousands moving from Padgett and even his wife to the former Finance Minister and Deputy Premier and his wife went to companies the pair owns including Paradigm and Whale Watchers. It also revealed the level of money going to the Progressive National Party, under the leadership of Michael Misick around the time of the 2007 General Elections. It was obviously a well funded political machine. Mitchell says Padgett, who was working many ideas for developments including one on East Caicos wanted to create something special and very profitable in the Turks and Caicos and was seeking ‘curry favor’ from the government of the day to make his dreams a reality. During proceedings today, John Perry, QC for former Public Works & Housing Minister, Jeffery Hall challenged Mitchell to prove that monies deposited by the ‘rich man’ referring to Richard Padgett were transferred from the PNP account, illegally. Perry reminded Mitchell that he cannot generalize and that each count against each defendant has to be individually proven and supported by actual evidence. Mitchell said he would provide the evidence for a $75,000 dollar deposit from Mr. & Mrs. Padgett to the PNP.Before the lunchtime break, Andrew Mitchell started to get into the meat of a South Caicos development where 7,000 acres were bought and where there were requests to fast track the project stemming from early 2006 and involving a Chicago developer. Facebook Twitter Google+LinkedInPinterestWhatsApp Developer monies allegedly paid to PNP & Defendants Related Items:flloys hall, Guilty Plea, john perry, Lisa Hall, simon padgett Missick & Co Defendants and David Smith all in Court this Week Recommended for you Guilty Plea In Court Cases Urged Where Offences Have Been Committedlast_img read more

Veterans Would Receive Free Public Education under Massachusetts Bill

first_img Dan Cohen AUTHOR Legislation introduced in the Massachusetts House would eliminate any gaps in federal G.I. benefits allowing veterans to attend public colleges in the state for free.The bill, sponsored by Rep. James Arciero, is supported by dozens of lawmakers, but there are still questions about how much the proposal would cost the state. The bill would provide full coverage of all tuition and fees for any veteran who has served 90 days of active duty, reported the Lowell Sun.“I am proud that Massachusetts leads the nation in providing for veterans and their families and offers the most generous veterans’ benefits of any of the 50 states,” Arciero said in a statement. “We need to continue to strengthen our ability to care for our veterans and ensure all veterans in Massachusetts receive free public higher education.”The G.I. bill covers tuition and fees for Massachusetts veterans at colleges and universities, but time restrictions on when the benefits must be used and a sliding scale for the cost of education depending on how many years the veteran served leave gaps in coverage, according to Arciero.“While the G.I. bills lift the financial burden of the cost of higher education from most veterans, my legislation will ensure that no veteran will ever slip through the cracks,” Arciero said.A spokesman for the state Executive Office for Administration and Finance said it is too early to determine if it would be feasible to fund the bill in the state’s budget, according to the story.Last month Arciero testified before the Joint Committee on Veterans and Federal Affairs to support a favorable recommendation from the panel, which would move the bill to the Ways & Means Committee.last_img read more

Hey Siri are you there

first_imgFor years I thought Apple was forging its own path in the smart home, that there was a purpose behind its slow-boil approach to working with smart-home partners and integrating Siri voice control features — that at some point the company’s strategy would make sense.  Sure, to some extent it does make sense. If you’re an Apple loyalist, the pathway is clear: You probably already have Apple Music, you’re likely going to buy a HomePod smart speaker and you’ll look for lights, locks, thermostats and other smart home gadgets that work with Apple HomeKit. You’ll overlook Apple’s other limitations because the platform works well enough.  And who knows what potential innovations await with the hiring of Google alum John Giannandrea, now Apple’s chief of machine learning and AI strategy.But there are some serious, lingering limitations with HomeKit, Siri and Apple’s overall approach to smart home hardware that should have been addressed by now. Alexa and Google Assistant continue to move forward while Apple’s platform lags far behind. Let’s take a look at the current state of the Apple smart home and discuss what we’d like to see from it next year.  Comments Aug 31 • Best smart light bulbs for 2019 (plus switches, light strips, accessories and more) Apple Music Spotify Siri Apple Apple HomeKit Apple Music now works on Amazon Alexa smart speakers Great sound, but it’s trapped in Apple’s world Siri vs. Alexa vs. Google Assistant Smart Home Wireless & Bluetooth Speakers CNET’s Holiday Gift Guide for 2018: The gifts they’ll loveStocking stuffers: The best gifts under $25 Aug 30 • Battling bot vacs: iRobot Roomba S9+ vs Neato Botvac D7 Connected Aug 31 • The best coffee grinders you can buy right now 1:08 Share your voice See All Tags Smart lightbulb tips and trickscenter_img Now playing: Watch this: CNET Smart Home 35 34 Photos Aug 31 • Alexa can tell you if someone breaks into your house • At $349 each, the HomePod smart speaker is pricey. Where’s the more affordable HomePod? Rumors of a “HomePod Mini” have been discussed for months, but we have yet to see it. There’s no Siri-enabled HomeKit smart display, either.  New HomePod features and improvements to Siri  Both stereo pairing and multiroom audio were added to the HomePod in May, a few months after the smart speaker’s initial product launch.  A few other HomePod updates have trickled in, including calling, searching for a song by its lyrics and setting multiple timers. The additions have helped keep Siri and the HomePod somewhat competitive, but Apple’s voice assistant still struggles to keep up with Alexa and Google Assistant. Amazon and Google have made significant progress with natural language, making Alexa and Google Assistant conversational. Use the Google Assistant on the Google Home Hub to cook a meal and it will walk you through the steps, tutorial-style. Amazon smart speakers now offer a “whisper mode” — it sounds kind of creepy, but it means you can use your Alexa speaker during your kid’s nap time. These nuances make Alexa and Google Assistant more appealing and more natural to use in a variety of scenarios. Apple just isn’t there yet.   Enlarge ImageAsk Siri to adjust HomeKit-enabled lights, locks, thermostats and other smart home devices.  Tyler Lizenby/CNET Support for third-party devices Apple has make some strides as far as opening up its platform. Manufacturers no longer need to stick an MFi hardware chip in every HomeKit-enabled device like they used to. Apple has also announced a software developer kit making it easier for developers to partner with Apple on HomeKit projects. At the same time, Apple lags way behind Amazon and Google Assistant when it comes to third-party smart-home partners. It has more than it used to, but it’s nowhere near catching up with Amazon, which reached 50,000 Alexa skills back in September according to Voicebot.AI.  An open platform  I know, I know. Apple and “open platform” don’t necessarily go together, but there are just two things I want to see from Apple that would make a big difference in the smart home: Make an Android version of the Home app Add support for Spotify and other third-party music streaming services to HomePod Apple’s Home app is where you go on your iOS phone or tablet to add and make adjustments to your HomeKit, Siri-enabled smart devices. It’s a decent enough app and Apple added it to MacOS Mojave in 2018, so you can view, manage and control your smart home products straight from your Mac. The HomePod currently only works natively with Apple Music. You can use Airplay 2 to play audio from third parties on the HomePod, but they don’t work seamlessly via Siri. Apple should make the HomePod compatible with Spotify at the very least. Amazon now works with Apple Music, as well as Spotify, Pandora, Amazon Prime Music, Amazon Music Unlimited, iHeartRadio, TuneIn and SiriusXM. apple-homekit-home-app-location-based-lighting-triggerEnlarge ImageA look inside the Apple Home app for iOS and how to automate the lights turning on. Screenshots by Ry Crist/CNET The outlook Given the success of Alexa and Google Assistant, why isn’t Apple doing more with Siri, HomeKit and the HomePod? There are so many different things they could address to stay more competitive. Where’s the HomePod that’s actually affordable? Why isn’t there an Apple smart display? When will Siri be able to answer more questions (and better)? The list goes on and on. We’ll continue to keep an eye on things here, as always, and hope that Giannandrea ushers in a new age for the Apple smart home. Prove us wrong, Apple.Apple declined CNET’s request for comment. reading • Hey Siri, are you there? Siri runs the smart home with these Apple HomeKit gadgets CNET Smart Home Related links More Apple hardware The HomePod is Apple’s only piece of smart home hardware to date, introduced in early 2018. (You can make a case for the Apple TV counting as well since it works with Airplay 2, but it’s more smart-home-adjacent than smart-home-exclusive.) Fortunately, the HomePod is a great speaker, delivering excellent sound quality in a relatively compact package. Pair two HomePods together for stereo sound in the same room — or put them in different rooms to enable multiroom audio (these come via Airplay 2).  It’s a solid device. But Amazon and Google have many more smart speaker options. There’s even a limited selection of third-party devices that work with Alexa and Google Assistant. The Facebook Portal and Portal Plus work with Alexa and so does the Sonos One. Google Assistant is built into the JBL Link View and the Lenovo Smart Display, among others.  last_img read more

Janmashtami celebrated with fanfare

first_imgA youth dressed as the Hindu god Krishna takes part in a procession during celebrations for the Janmashtami festival in Dhaka on 14 August, 2017. Photo: AFPThe Hindu community of the country observed Janmashtami, marking the birth of lord Krishna, on Monday with due religious fervour, says UNB.According to Hindu religion, lord Vishnu incarnated in the universe as lord Krishna in the prison of Raja Kangsa on this day, the eighth of “Shukla Pakkha” (bright fortnight) in the month of Bangla calendar Bhadra in Dwapara Yuga to protect “Dharma” from the hands of devils.Sri Krishna was born to Devaki and her husband Vasudeva in Mathura to which Krishna’s parents belonged.Hindu community members brought out processions in the capital, divisional cities and district towns displaying the eventful life of Krishna and held other programmes on the occasion.Different socio-cultural and religious organisations also observed Janmashtami with various programmes.President Abdul Hamid hosted a reception at Bangabhaban marking the day.last_img read more

Optimists make poor business decisions

first_imgLondon: Optimistic thinking is leading people to set up businesses that have no realistic prospect of financial success, according to a study which has found that pessimists are less likely to proceed with unpromising entrepreneurial ventures.The research from the University of Bath, the London School of Economics and Political Science, and Cardiff University in the UK, explores the financial consequences of becoming an entrepreneur for optimists – people with a tendency to overestimate their chances of doing well and underestimate their probability of failure. Also Read – Add new books to your shelfTracking individuals as they move from paid employment to setting up their own business venture, the study found that business owners with above average optimism earned some 30 per cent less than those with below average optimism. Many of the optimists would have been well advised to remain an employee, according to the study published in European Economic Review. Despite entrepreneurs earning on average less, working longer hours and bearing more risk than their counterparts in paid employment, optimists are more likely than most to mistakenly think they have found a good business opportunity and that they have what it takes to exploit it successfully. Realists and pessimists are less likely to proceed with unpromising entrepreneurial ventures.Studies consistently report that about 80 per cent of the population have an overly optimistic outlook. This can increase ambition and persistence, encourage others to cooperate, and generally enhance performance.Ominously though, basing choices on faulty assessments also leads to participation in activities doomed to fail.last_img read more

Sarangi Legacy to commemorate Ustaad Sabri Khan

first_imgAs 2018 is coming to an end, it is time to indulge in Hindustani vocal or the Sarangi. With great zeal and enthusiasm Sarangi Cultural Academy and Saurang Sangeet Society is organising Sarangi Legacy 2018 – the festival of music and dance, on December 13, at 7 pm, at the Stein Auditorium, Habitat Centre. The grandeur of this cordial gathering will be initiated by a postage stamp release ceremony in the humble remembrance of legendary Sarangi Samrat Ustaad Sabri Khan Saheb. The evening will witness an artistic performance by Nabeel Khan, who will present a blissful raag on his instrument. Also Read – Add new books to your shelfOver the years, many talented artists and legends have promoted Sarangi from being a mere accompaniment to attaining a solo classical status equal to sitar or sarod. The grand festival will be bestowed by the eminent artists like the musically gifted Ustad Kamal Sabri (Sarangi solo) and his beloved nephew and disciple Nabeel Khan (Sarangi) along with Ptandit Anindo Chatterjee (Tabla), who together will set the bar high. Next in cue is a marvelous Kathak solo performance by gorgeous and extremely talented Rani Khanam coupled with Ustad Akram Khan (Tabla).last_img read more

Mother Sparsh launches ecofriendly baby wipes

first_imgNew Delhi: Mother Sparsh, India’s Wipes Brand, has launched premium 99% Water based Baby Wipes featuring medical grade cloth. The wipe’s unscented and extra thick super soft fabric is derived from plants and their pulp thus making them three times thicker than the usual baby wipes. The unique blend of the gentlest element i.e. water and organic fiber are especially designed for safe use on the extra sensitive baby skin. These unscented pure wipes are specially designed for newborns, infants with sensitive skin and also meant to clean the hands and mouth of children. Also Read – Add new books to your shelfSteadfast in its mission of safeguarding the Mother Earth by avoiding the use of synthetic constituents such as plastics and petrochemicals, Mother Sparsh has formulated the fabric used in wipes with only natural and organic contents which makes it 100% biodegradable. The use of water as a secure, soft and a sound cleansing agent is not only an age old practice but has even been medically proved. The wipes are dermatologically tested; clinically examined for infections and rashes; and biodegradable. The skin-friendly wipes are safe for use on babies from birth itself. The wipes container has a lid lock to be closed after every use to prevent moisture loss. Parents can rest assure that the wipes secure for their babies and safe for the environment as well. Also Read – Over 2 hours screen time daily will make your kids impulsiveCommenting on the launch of this new variant of water-based wipes, Rishu Gandhi, Co-Founder and Head – Brand Strategy of Mother Sparsh said, “Mother Sparsh’s unscented 99% water wipes are especially created for the extra sensitive skin of babies. Babies have the habit of putting their dirty hands in the mouth. These wipes can thoroughly clean their hands of dirt naturally without exposing them to chemicals. We have endeavored to deliver a complete safe and natural cleansing solution. We are absolutely confident that with this solution we have been able to meet our customers’ requirements.” The new Mother Sparsh 99% water based baby wipes are available at all leading retail outlets in Delhi and Tamil Nadu. The wipes are also available online on Amazon, Flipkart and Firstcry. The wipes are affordably priced at INR 299/- for a pack of 72 wipes and INR 499/- for a combo of 2 packs.last_img read more

Watch out for these roadworks across South Cheshire this week

first_imgFull list M6, A500 and A50 Newcastle Borough Stoke-on-Trent Get the biggest Daily stories by emailSubscribeSee our privacy noticeThank you for subscribingSee our privacy noticeCould not subscribe, try again laterInvalid Email Drivers are being warned to expect traffic and travel delays due to roadworks across South Cheshire this coming week. Motorists hitting the roads of the area on Monday morning can expect a raft of delays and road closures waiting for them. The following roadworks are taking place in the area from Monday November 26 until Sunday December 2. This list contains only the roadworks considered to be most likely to cause delays on key routes as well as those involving road closures and temporary traffic lights. It is not exhaustive and does not feature some minor or emergency repairs that come up after publication. Other roadworks may finish or start before schedule or be cancelled altogether. If you only want information about roadworks in a different area of North Staffordshire and South Cheshire, visit the links below, otherwise scroll down for the roadworks most likely to disrupt your journey in South Cheshire in the coming week All information from Highways England, local authorities and utility companies. Read MoreRoadworks from November 26 until December 2 Stafford Borough, Rugeley, Uttoxeter Staffordshire Moorlands South Cheshire A500: Temporary traffic lights on various stretches of A500 between November 26 and November 29 Astbury: Roadworks and road closure on Dodds Lane from November 26 until November 28 Betchton: Roughwood Lane closed until 2020 Bosley: Two way traffic lights on Tunstall Road near Bosley Wood Treatment until February 2019. Congleton: Multi-way traffic signals on A54 Brook Street near junction with Davenport Drive from December 1 until December 2 Congleton: Two way signals on Holmes Chapel Road between Black Firs Road and Box Lane on November 26 Congleton: Roadworks and road closures on Loachbrook Avenue from November 26 until November 27 Congleton: Stop/go boards on A34 Manchester Road near Old Famous Brands Furniture on November 28 Congleton: Lane closure on A54 Mountbatten Way on November 7, near the police station Congleton: Two way traffic signals on Padgbury Lane from December 1 until December 2 Crewe: Ongoing roadworks at Crewe Green Roundabout until December 1 Crewe: Two way signals on Hungerford Road from November 28 until November 30 Crewe: Roadworks on A530 Middlewich Road at New access road to Leighton Orange Barn from October 29 until December 14. Two way lights manned at peak 7:30-9:30 and 15:30-19:00 Crewe: Two way signals on Nantwich Road at the railway bridge from November 26 until November 28 Crewe: Roadworks and road closures on Stewart Street in Crewe from November 10 until November 30 Crewe: Sydney Road closed at bridge until May 2019 Crewe: Roadworks and road closure on Wheatley Road from November 26 until November 27 Nantwich: Multi-way signals on A524 Cuckoo Lane on November 29 Nantwich: Two way signals on Marsh Lane in Acton from November 28 until November 30 Oakhanger: Multi-way signals on B5077 Butterton Lane from November 26 to December 7 near Nursery Lane Sandbach: Two way signals on Hall Lane, Moston near the Elton Golf Driving Range on November 27 Shavington: Multi-way traffic lights on B5071 Crewe Road until November 27 Weston: Road closure on A531 Newcastle Road on November 29 Wildboarclough: Roadworks and road closure on Crag Hall Lane at Crag Hall Bridge from November 19 until November 30 Wistaston: Roadworks and road closures on Berkeley Crescent from November 28 until December 3 Wistaston: Two way signals on Church Lane from November 27 until November 30 Wybunbury: Two way signals on B5071 Main Road from November 22 until November 28 Wybunbury: Two way signals on B5071 Main Road from November 28 until November 30last_img read more