Never easy for a wrestler to get back onto mat after a long break: Sushil KumarSushil Kumar booked his berth in the Indian contingent that will go to Nur-Sultan in Kazakhstan for the wrestling World Champioships that starts on September 14.advertisement Chetan Sharma New DelhiAugust 21, 2019UPDATED: August 21, 2019 00:25 IST (File Reuters photo: Sushil Kumar)One thing is clear: nobody poses any competition to Sushil Kumar in India as of now. The two-time Olympic medallist may have been challenged many a time in the country for a fight, but when it comes to mat, nobody stands a chance against him for long.On Tuesday, Sushil booked his berth in the Indian contingent that will go to Nur-Sultan in Kazakhstan for the wrestling World Champioships that starts on September 14.Sushil humbled Jitender 4-2, in the trials that were held at KD Jadhav Stadium here, to ensure that he represents India at the World’s in the 74kg category.It was an entertaining final though. Sushil raced to a 4-0 lead in the first period of the bout. Jitender was hit in the eye leading to a break in which he received medical attention.Sushil apologised immediately and after Jitender recovered, the bout was resumed. Towards the end of the match, Jitender was wincing in pain once again with an elbow injury. Jitender did manage to earn two points but it wasn’t enough.During the match, Sushil himself received multiple cuts and the bout had to be stopped periodically for the wrestlers to receive medical attention.”Jitender is like a younger brother and I wish him all the best for his future tournaments. It was a very good bout and it will be great for our country if the competition remains this stiff. No one intentionally hurts an opponent in wrestling,” Sushil said after the bout.advertisementJitender can still go for a spot in the team if he manages to beat Veerdev Gulia in 79kg on August 23.The 36-year-old Sushil joins Ravi Dahiya (57kg), Bajrang Punia (65kg), Deepak Punia (86kg), Mausam Khatri (97kg) and Sumit Malik (125kg) amongst those wrestling in the Olympic categories at the World’s, which serves as a qualifier for Tokyo 2020.Others who sealed their spot in the Indian contingent on Tuesday are Rahul Aware (61kg), Karan Mor (70kg) and Praveen (92kg).Still LearningSushil returned to international arena after a long break in Belarus. But his comeback was not up to the mark. He lost in the opening round and then in the bronze medal match.Sushil, however, wants to take positives from the event. “I had a good tournament in Belarus. I won two and and lost two but the man I lost against has beaten some of the best in the world. So that was a very good experience and I got a lot of appreciation for it,” said Sushil.”I am still learning. It is never easy for a wrestler to get back onto the mat after a long break,” he added.Sushil further said that he hopes to leave the country within the next two weeks to start training for the Worlds.Also Read | Sushil Kumar seals spot in India’s squad for World ChampionshipsAlso see:For sports news, updates, live scores and cricket fixtures, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for Sports news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byNitin Kumar Tags :Follow Sushil KumarFollow WrestlerFollow World Championships Next
1 of 3 Editors’ Recommendations The Best Men’s Waterproof Boots for Tackling All Weather Lane-Eight is a versatile new line of trainers founded by brothers and footwear industry veterans Josh and James Shorrock, hailing from adidas and HYPEBEAST respectively. The goal: to challenge the norms of the traditional performance wear market and elevate activewear for the real-world athlete, not necessarily professionals.The Lane-Eight AD1 Trainers are built to supply the everyday folk who love to get out and be active with effortless stability but are also searching for something as comfortable and stylish outside of the gym as it is functional within.“Having worked in the footwear industry, we’ve both experienced the shortcomings of corporate-made footwear,” the Shorrock brothers said. “Now free from the organizational rules, we’re finally able to answer the big question: What does the everyday athlete require?” The AD 1 Trainers are designed to withstand tough and rigorous training sessions, featuring great grip, a stabilized base, and strong, durable materials while retaining a sleek silhouette. With ETPU (a synthetic material similar to the adidas BOOST technology) cushioning and a TPU (thermoplastic polyurethane elastomers to help absorb impact) support system on the midsole, these sneakers offer better long-term flexibility, reliable stability across all training platforms, and a higher resistance to tears and abrasions.Not only are these puppies some of the most functional trainers out there, they might be the most comfortable and adaptable trainers you’ll ever wear. The Lane-Eight AD1 Trainers sport a steezy, reinforced suede and leather knit upper sole that looks fantastic and provides stretchable breathability that is a perfect addition to your summer running gear or simply your new daily gym shoe. They feel like wearing a pair of socks to the gym, but with much more support and a helluva lot more style.If you don’t believe the Shorrock brothers, they dare you to buy and test them out. If you’re not fully satisfied with the Lane-Eight AD1 Trainers within 30-days, they’ll take them back at a full refund and cover shipping costs for you.The first release is the AD 1 Trainers were launched Friday, August 10, 2018, and are now sold in three neutral colorways through the Lane-Eight website for $160. Previous Everlane Wants You to Have a Daily Uniform to Make Dressing Easier This A-Frame-Inspired Cabin Offers Shelter from the Harsh Patagonian Elements Get Acquainted With the Military-Approved Skincare Brand Bravo Sierra A Quick Overview of the Sustainable Adidas Outdoor and Five Ten Line Essentials Next
Approximately $4.1 billion is to be spent by the Rural Water Supply Limited (RWSL) over the next three years to restore and upgrade water supply systems in rural communities.The undertaking is in keeping with Government’s policy to ensure that all households have access to potable water and adequate sanitation by 2015.Speaking with JIS News, Managing Director of RWSL, Audley Thompson, informed that some 26 projects will be undertaken over the three-year period.These include: repair or restoration work on the Cascade/Claremont/Jericho water system in Eastern Hanover and the Agualta Vale pumping station in St. Mary; and replacement and upgrading of water mains in Orange Hill, Westmoreland.RWSL, instituted in April 1983, is wholly owned by the Government of Jamaica and has a mandate to improve the basic sanitary/health conditions by increasing the coverage of potable water and sanitation services in poor rural areas.Mr. Thompson explained that “the agency investigates rural communities that are without water then identifies the closest water supply to that community, designs a plan for the work to be done and invites tenders and employs contractors.”“RWSL also supervises the construction and when the work is completed, they hand over the water supply system to the relevant agency; whether it is National Water Commission (NWC) or parish council to operate the system,” he further outlined.The Managing Director told JIS News that the agency has also undertaken several projects as part of its corporate responsibility and contribution.“We have carried out a rain water harvesting system at the Police Benevolent Centre in St. Elizabeth, where injured policemen are housed,” he informed.This project, he said, was done to help in the reduction of the facility’s water bill with the team implementing a guttering and pumping system, as well as installing some tanks.Rainwater harvesting projects were also undertaken at the Maldon and Chatsworth Primary schools in South St. James.RWSL is an agency under the Ministry of Water, Land, Environment and Climate Change.Contact: Shelly-Ann Irving
He urged members of the Diaspora to adopt a police station and form civic groups that can work with the local police. Story Highlights Making a presentation at the Jamaica 55 Diaspora Conference on July 24 at the Jamaica Conference Centre in downtown Kingston, Minister of National Security, Hon. Robert Montague, said 16 pickups have also been acquired. The Government has so far acquired 80 of 200 pre-owned cars in a bid to boost the mobility of members of the Jamaica Constabulary Force (JCF).Making a presentation at the Jamaica 55 Diaspora Conference on July 24 at the Jamaica Conference Centre in downtown Kingston, Minister of National Security, Hon. Robert Montague, said 16 pickups have also been acquired.He further added that 25 sport utility vehicles (SUVs) will be acquired for divisional and area supervisors of the JCF this week.“Under the programme, Operation Quick Fix, we were able to repair114 police cars that were parked,” he noted.The Minister pointed out that checkpoints have been increased, and this has resulted in more seizures of contraband.In the meantime, he said Jamaica is expected to receive a surveillance aircraft next year as part of new measures to strengthen the country’s border protection system. He noted that the aircraft has already been purchased.Meanwhile, he noted that a programme was launched this month to repair 197 police stations, and that 17 police stations had already been repaired and two dormitories refurbished at the National Police College of Jamaica.He urged members of the Diaspora to adopt a police station and form civic groups that can work with the local police. The Government has so far acquired 80 of 200 pre-owned cars in a bid to boost the mobility of members of the Jamaica Constabulary Force (JCF).
The Government is intensifying social-intervention activities in the Mount Salem Zone of Special Operations (ZOSO) in St. James. The Government is intensifying social-intervention activities in the Mount Salem Zone of Special Operations (ZOSO) in St. James.Prime Minister, the Most Hon. Andrew Holness, said the Jamaica Social Investment Fund (JSIF) and the Ministry of Economic Growth and Job Creation will be signing a memorandum of understanding (MOU) for construction of 1,000 metres of concrete fencing under the Zinc Fence Substitution Project.He noted that the works have been approved and community members are currently receiving training.“The project will employ, in the short-term, 75 to 100 persons and will start this month,” Prime Minister Holness informed during Wednesday’s (April 11) sitting of the House of Representatives.He noted that significant progress has been made in Mount Salem in terms of infrastructural development, noting that the National Works Agency (NWA) is at the midpoint of an estimated 10-week programme to rehabilitate 3.5 kilometres of roadway.He informed that more than 15 persons have been employed during the execution of the project, and, on completion, it will account for 90 per cent of the primary road network in the Zone.Mr. Holness said the NWA has also cleaned the three main drainage networks in the community, which has translated into improved water run-off.Other areas of improvement include water regularisation, upgrading of the Mount Salem Primary and Junior High School, rodent control and provision of proper garbage-disposal facilities.Mr. Holness told the House that measures have been undertaken to improve parenting, with the National Parenting Support Commission (NPSC) completing one round of training and over 10 families benefiting. He said that the initiative will continue.The Prime Minister said that in order to ensure sustainability, a permanent parenting place is being equipped, which will provide parenting resources as well as access to information and communications technology (ICT).He informed that residents are benefiting from training and capacity-building initiatives in areas such as block laying and titling, under the Housing, Opportunity, Production and Employment (HOPE) Programme and through the HEART Trust/NTA.Meanwhile, the Prime Minister said persons will be able to access grant funding of between $1.5 million and $25 million for entrepreneurial ventures.The application process will conclude on April 30, following which successful applicants will be able to access targeted training and equipment, business mentorship from experienced entrepreneurs, among other services. “The project will employ, in the short-term, 75 to 100 persons and will start this month,” Prime Minister Holness informed during Wednesday’s (April 11) sitting of the House of Representatives. Prime Minister, the Most Hon. Andrew Holness, said the Jamaica Social Investment Fund (JSIF) and the Ministry of Economic Growth and Job Creation will be signing a memorandum of understanding (MOU) for construction of 1,000 metres of concrete fencing under the Zinc Fence Substitution Project. Story Highlights
The programme, which is in its second year, will commence on August 9 and employ young persons over a four-week period to conduct an audit of street lights, and to do other tasks. Minister of Local Government and Community Development, Hon. Desmond McKenzie, has announced that there will be an increase in the number of participants employed in the agency’s Youth Summer Employment Programme.The programme, which is in its second year, will commence on August 9 and employ young persons over a four-week period to conduct an audit of street lights, and to do other tasks.Speaking at a local governance conference in Montego Bay, St. James, on July 17, the Minister noted that last year, some 2,500 young people were employed across all the municipalities, and this year the number will be increased to 3,000.“The decision to do the audit while creating employment for the youth has certainly benefited us. Based on the audit that was done last year, we were in a better position to represent our case as a local authority with the Jamaica Public Service Company as it relates to the amount of street lights that are working across the country,” Mr. McKenzie said.He added that in this year’s programme, the summer employees will also assist the local authorities in identifying persons who have trade licences.“This programme will see each councillor having 15 individuals in the respective divisions and mayors will have 25 participants,” the Minister said.Mr. McKenzie pointed out that the findings will be recorded in a database that will provide information for the Ministry and the Municipal Corporations.The summer initiative falls under the Housing, Opportunity, Production and Employment (HOPE) programme, which provides educational and job opportunities for young people, aged 18 to 24, who are not employed or enrolled in a school or programme of training. Speaking at a local governance conference in Montego Bay, St. James, on July 17, the Minister noted that last year, some 2,500 young people were employed across all the municipalities, and this year the number will be increased to 3,000. Story Highlights Minister of Local Government and Community Development, Hon. Desmond McKenzie, has announced that there will be an increase in the number of participants employed in the agency’s Youth Summer Employment Programme.
Minister without Portfolio in the Ministry of Industry, Commerce, Agriculture and Fisheries, the Hon. JC Hutchinson, says the 2400 acre farm to be established at Holland Estate in St. Elizabeth, will provide employment for over 900 persons.Speaking at the 2018-2019 Irish Potato Sensitization meeting, held at the Green Valley Apostolic Church, Lewisville, New Market, St. Elizabeth on November 1, Mr. Hutchinson said the majority of those who will be selected to work on the property will be females.“We are going to be looking at having over 900 people to work on the farm. I am just saying most are going to be women. [However], any male, any female that is interested, I am sending it out from now, get yourselves in a formal farming organization so that you can find work down at Holland when the time comes,” Mr. Hutchinson stated.He reiterated that preparation of lands for farming at Holland Estate will start in June/July of 2019, after the final cane crop is reaped by J Wray and Nephew’s Appleton Estate. He further stated that his Ministry is currently putting in place “the programme, whereby we will make a steady transition for all the farmers.”In the meantime, Mr. Hutchinson is urging small farmers in St Elizabeth to apply to take up lands at the Holland Estate.He noted that lands will be leased to mostly small farmers, with no one person being able to secure more than 25 acres of land.“There are many persons who want to go into agriculture, but do not have lands. Many may have a square or an acre but want more land. Holland Estate is closing and there are a number of proposals that have come in,” Mr. Hutchinson said.“Those who are interested, we are taking applications now and I have some young people up in New Market here for them to register to come and get lands out at Holland,” he emphasized.He also informed that the application period closes on November 10.Mr. Hutchinson told the farmers that the Agro Economic Zone to be established on the Southern side of Holland Estate, will prevent a market glut for their produce.He noted that the zone will consist of a complex housing storage, grading, drying, packaging, and processing facilities.
As explained by the company, “this was at the high end of the company’s guidance driven by strong close-in booking trends for European and China sailings despite continued softness in the Caribbean.”“Higher pricing for close-in European sailings propelled us above the top end of our guidance for the quarter,” said Jason T. Liberty, chief financial officer. “While the environment in the Caribbean remains promotional, our European itineraries continue to resonate well with strong demand from all markets.”Onboard revenue initiatives continue to deliver positive results with a 3% increase for the quarter. This is the tenth consecutive quarter of onboard revenue growth.Constant-Currency NCC excluding fuel decreased 4.7%, which is 220 basis points better than the mid-point of guidance mainly due to timing.Voyager of the SeasApproximately $16 million of expenses expected to be incurred during the second quarter were deferred to the second half of the year.Bunker pricing net of hedging for the second quarter was $711 per metric ton and consumption was 341,000 metric tons. Jason T. Liberty, chief financial officer said: “Overall business has been solid and our equity investments continue to outperform, allowing us to deliver even better returns to our shareholders.”Bookings since the April earnings call have been up nicely and the company continues to be booked ahead of last year in both load factor and APD.Double-digit yield improvement on European and China sailings is helping offset a continued promotional environment in the Caribbean.Press Release, July 25, 2014 zoom Oasis of the SeasRoyal Caribbean Cruises Ltd. reported that yields for the second quarter were up double digits in Europe and China offsetting the Caribbean’s softness.
zoom The United States Maritime Resource Center (USMRC) in Middletown, Rhode Island and Japan’s classification society ClassNK, have inked a Memorandum of Understanding (MOU) on joint research and development activities for the maritime industry.The initial joint project will focus on the development of practical LNG bunkering simulation tools to further enhance USMRC’s existing niche portfolio of LNG bunkering training programs.This type of training, augmented with high fidelity simulations, better prepares mariners and shore-based personnel to safely handle LNG as a marine fuel. USMRC’s role will be to oversee the execution of the project.“Our goal is to support the safety of ships from not only from the technological point of view, but also the human factor perspective. The need for qualified seafarers who are familiar with the latest maritime technology is essential for the sustainable development of the shipping industry,” said ClassNK Executive Vice President Koichi Fujiwara. “USMRC not only has the specialized knowledge to address these issues, but also has rich experience in maritime training.” “We were the first to offer LNG bunkering safety training in the United States,” said USMRC President Brian Holden. “The signing of this MOU will allow us to take another leap forward in this area by developing practical, hands-on LNG bunkering simulation tools to make this training even better.”The MOU also calls for USMRC and ClassNK to work together to offer Dynamic Positioning and other critical training capabilities to meet the needs of the offshore energy sector.ClassNK also has agreed to support USMRC’s technical research and other activities related to maritime cybersecurity – an emerging and significant risk to maritime safety.
zoom Stronger freight rates in the tanker market may bring about some positive trends for the first quarter of 2015, if lower oil prices can continue to generate higher demand for product tankers, BIMCO said.The stronger freight market has been attributed to the supply side, in particular the newbuilding side of it, because the crude oil tanker demolition segment has contributed very little.Respectively, the fleets of the three segments of VLCC, Suezmax and Aframax have grown by 1.1%, -0.5% and -1.7%, building on a development that started in 2013. Demand is outstripping supply for the first time since 2010, bringing about stronger freight rates, according to BIMCO.“In the product tanker segments, the drop in oil prices may have stimulated demand for LR1s and LR2s right away, with the first and second half of the year being worlds apart. Handysizes and MRs caught up in Q4 on the back of more trading activity in a market where prices suddenly moved as compared to the rather flat and steady oil prices seen during the first six months of the year. The freight rate at end-November was a six-year-high for all product tanker segments,” BIMCO went on to say.During September and October, 6 VLCCs, 10 Suezmaxes and no Aframaxes were ordered. This activity brings the total number of VLCCs on order up to 91, up from 61, eighteen months ago.With 22 VLCCs delivered in 2014, of which six in the past two months.In the past six years (2008-2013), 48 new VLCCs have been delivered on an annual average. 2014 will see a maximum of 25 delivered. 2015 has just 27 VLCCs scheduled for delivery, 2016 has 49. As explained by BIMCO, a window of opportunity is certainly opening up here for the fundamental balance to improve in 2015, assuming that demand remains decent.Meanwhile, interest in new product tanker orders has dried up. Only 20 new orders have surfaced since 1 July. The preference of product tanker investors is clear: 16 out of the 20 new orders landed in South Korea. During first half of 2014, 57 new ships were ordered.2014 was set to be another big delivery year for MRs. With 75 being delivered so far and 15 potentially still to come, 2014 is already topping the full year of 2013 that saw 72 new MRs. Since the start of 2014, the MR fleet has grown by 7.4% year-to-date.The dire market conditions in the first half of the year have resulted in an elevated level of postponements taking place, BIMCO said. Annual supply growth is still strong, though. However, there is a possibility that due to these reasons cancellations and postponements of investment in the oil industry might follow, which in the end may reduce production and add supply side pressure to the low oil price.“With a supply-side that picked up from last year – and is set to go even higher in 2015 – the efforts made by individual owners and operators to alleviate the pressure from oversupply appear to be bearing fruit. Going forward, it is important for product tankers to keep slow steaming around in order not to depress freight rates,” the association said.For December/January, BIMCO expects earnings for the VLCCs at USD 30,000-55,000 per day, Suezmax crude oil tankers at around USD 20,000-45,000 per day and Aframaxes are expected in the region of USD 20,000-40,000 per day.In the product tanker segment, BIMCO expects earnings on the benchmark routes from AG to Japan for LR1s to stay around USD 15,000-25,000 per day. LR2 ships are too enjoying the stronger market, BIMCO expect earnings around USD 20,000-35,000 per day. Handysize rates are seen strong in the USD 18,000-30,000 per day, with MR average rates in the interval of USD 12,500-25,000 per day.Source: BIMCO
zoom Mumbai-based Jawaharlal Nehru Port Trust (JNPT), the operator of India’s largest container terminal, has signed a Letter of Intent with the UK port operator Peel Ports, the owner of the Port of Liverpool, to exchange information and expertise on port operations, port management and hinterland connections.JNPT and Peel Ports have also agreed to develop a series of modules in education and training of port operators, IT systems, traffic and trade between Liverpool and Mumbai.”This strategic alliance between these two major ports will drive more efficient movement of goods and will build on our common objective of establishing optimal port performance,” India’s Minister for Shipping Shri Nitin Gadkari said.In 2014, 1.8 million tonnes of goods worth GBP 3.9 billion were exported from the UK to India, with imports of 6.5 million tonnes to a value of GBP 3.3 billion.JNPT currently operates three container terminals, two of which are operated by private companies and a fourth is under construction.The quay wall has already been extended and planning is underway on a major new logistics facility to complement the existing supply chain support available close to the port.
zoom French oil services company Technip will lay off around 6,000 of its employees within its restructuring and cost reduction plan launched amid ever more challenging environment in oil and gas industry.Through the plan the company is targeting savings of approximately €830 million (USD 914 million), of which €700 million is expected to be delivered in 2016 and the balance in 2017.“The group will reduce its global workforce by approximately 6,000 and will pursue the streamlining of its activities started last year to focus on its core assets and activities. Employees will be informed and employee representatives consulted in due time on a local basis,” Technip said.A significant part of the restructuring plan covers the Onshore/Offshore segment and addresses its recent unsatisfactory performance. With respect to its subsea operations, Technip said it would further reduce fleet for additional two vessels, one fully-owned and one leased, taking the fleet down to 23 vessels from 36 at the end of 2013. “The slowdown in the oil and gas industry is prolonged and harsh. Therefore we have decided to accelerate our cost reduction and efficiency measures – which I know will have tough consequences for employees across the Group,” said Thierry Pilenko, Technip’s Chairman and CEO.
zoom The United States Coast Guard and Customs and Border Protection law enforcement personnel seized USD 1.42 million worth of cocaine aboard the Isleño ferry in Fajardo, Puerto Rico on July 22.Some 125 pounds of cocaine was found aboard the vessel when a USCG boarding team conducted surveillance patrol at the Fajardo ferry terminal.After passengers had disembarked from Isleño, the personnel started their search and found two suitcases in plain view, containing 50 wrapped packages of suspected contraband.A field test conducted at the scene revealed the contents of the packages to be cocaine, the USCG said.Coast Guard boarding team personnel were assisted by Puerto Rico Police Joint Forces of Rapid Action during the transport and transfer of the illegal drug shipment to Immigrations and Customs Enforcement-Homeland Security Investigation Special Agents, who are leading the investigation.
zoom Hong Kong-based Orient Overseas Container Line (OOCL) is to cancel the sailing of its Asia-Mediterranean Service in October due to the expected low demand.On the Asia-Europe route, the company plans to withdraw the EUM sailing of the Hyundai Tenacity 022 west/east, with an estimated time of arrival in Pusan on October 9, 2016, in Week 41 on the westbound port rotation and in Genoa on November 9, 2016, in Week 45 on the eastbound port rotation.The WB and EB port rotations are as follows:Westbound: Pusan – Shanghai – Ningbo – Shekou – Hong Kong – Singapore – Jeddah – Port Said- Genoa – Fos – Barcelona – Valencia;Eastbound: Genoa – Fos – Barcelona – Valencia – Port Said – Jeddah – Singapore – Hong Kong – Pusan – Shanghai – Ningbo – Shekou.OOCL handled 2.8 mln TEUs in the first six months of this year, compared to 2,7 mln TEUs in the first half of 2015.The Asia-Europe service was the only underperformer for the period, marking a 3.6% dip in volumes, while the volumes of OOCL’s other services increased.
zoom Commercial vessel traffic in the St. Marys River was shut down after the 629-foot US bulk carrier Calumet ran aground on the north side of Sugar Island, the United States Coast Guard said.The bulk carrier departed Essar Steel in Sault Ste. Marie, Ontario and was transiting downbound on the St. Marys River to its next port of call in Brevort, Michigan, when it ran into trouble in the evening hours on August 9. The vessel was not carrying any cargo.The Army Corp of Engineers conducted an assessment of the river bottom around the vessel, while the divers’ initial assessment determined that the vessel’s stern is structurally sound.Grand River Navigation, the owner of the ship, has hired an Oil Spill Removal Organization to place boom on the surface of the water near the front of the vessel to protect the environment as a precaution.The St. Marys River will remain closed to commercial vessels from the Soo Locks to 6 Mile Point.Grand River Navigation developed a salvage plan which would be presented to the US Coast Guard for review and approval.The cause of the grounding is under investigation, the USCG added.
zoom South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) said in a stock exchange filing that it was in discussions on changes to the delivery schedule for a liquified natural gas (LNG) carrier pair.The two ships were ordered by an unnamed European owner in October 2014 and were supposed to be delivered by the end of August this year.DSME said the owner asked for the delivery to be pushed, but specific details on the new delivery dates were not released as talks are yet to be finalized.The two LNG tankers were bought for KRW 428.6 billion (USD 379 million).Separately, on September 4, the shipbuilder inked a contract with compatriot shipping company Hyundai Merchant Marine (HMM) for the construction of five VLCCs.The contract for 300,000 DWT very large crude carriers, worth KRW 470 billion (USD 418 million) includes options for five more vessels.The ships are scheduled to join their owner’s fleet by 2019.World Maritime News Staff
zoom Now that the results for the second quarter of 2017 have settled in, it can be deduced that the container shipping market has entered fairer winds when compared to the horrendous second quarter of 2016.Ten carriers posted black figures, while only two have reported losses for the quarter, those being Hyundai Merchant Marine (HMM), which booked a loss of USD 81.8 million, resuming its losing streak from the six of the past eight second quarters, and Mitsui O.S.K Lines (MOL), which recorded a loss of USD 55.1 million. MOL reported red figures for the past seven second quarters, intelligence provider SeaIntel Maritime Analysis said.“On the other hand, despite the revenue and volume loss from the cyber-security incident, we see an outstanding financial result from Maersk Line in 2017-Q2, recording EBIT of USD 376 million, more than three times the segment profit of second-best performing COSCO at USD 122 million. The remaining eight carriers all had 2017-Q2 operating profits of less than USD 100 million,” SeaIntel added.“All 12 carriers have improved their Q2 profits/loss situation in 2017 over 2016. Maersk Line again sees the greatest net improvement, turning a USD -123 million loss to a USD 376 million EBIT profit. COSCO has seen the second-best profit improvement over 2016-Q2, at USD 381 million. The remaining carriers have all seen an improvement of less than USD 200 million. Interestingly, Wan Hai, the only carrier to consistently have made a profit in every second quarter for the past six years, is the carrier that has seen the smallest improvement, of just USD 18 million, in 2017- Q2.”With respect to revenue, COSCO showed the strongest revenue growth, with a 47.3% Y/Y revenue increase in 2017-Q2. However, this revenue growth is partly due to the integration of CSCL in 2016-Q1.Evergreen and HMM follow with the second and third-largest Y/Y revenue increases, of 30.3% and 30.1%, respectively. Maersk Line, Hapag-Lloyd, OOCL, Yang Ming, and ZIM all saw their revenues grow 20-25% Y/Y in the second quarter, and much of this revenue growth is likely to be a consequence of the Hanjin bankruptcy, as the Korean carrier was still in operation in 2016-Q2. The remaining four carriers, Wan Hai and the three Japanese carriers, all saw much lower revenue growth of around 10% Y/Y, data from SeaIntel shows.
zoom The 1996-built general cargo ship Saga Sky, which collided with a rock carrying barge in November 2016 in adverse weather conditions, should have sought shelter, an investigation unveiled.UK’s Marine Accident Investigation Branch (MAIB) informed that, in the absence of vessel-specific guidance as a reference for assessing the effect the forecast weather conditions would have on Saga Sky’s manoeuvrability, the master was reliant solely on his own knowledge and experience.MAIB’s report showed that he underestimated the threat in the form of Storm Angus, and chose to continue on passage rather than attempt to seek shelter on the eastern side of Dover Strait until the storm had passed through.Subsequently, Saga Sky’s master became increasingly concerned about the ship’s reduction in speed and decided that an appropriate action would be to turn the ship to starboard onto a reciprocal course and run with the weather until the storm abated.“The master made repeated unsuccessful attempts to turn Saga Sky to starboard and onto a reciprocal course. However, the ship remained generally on a westnorth-westerlyheading with the wind and sea pushing it in a northerly direction towards the UK coast,” MAIB said.Image Courtesy: Port of Felixtowe/TwitterThe cargo ship collided with the rock carrying barge Stema Barge II some 2 miles off the south coast of the UK. As a result of the accident, 2 subsea power cables were severed as the vessels dragged their anchors along the seabed in strong winds.Saga Sky suffered damage to ballast tanks along its starboard side, and the crew were able to compensate for the resulting port list by pumping out ballast from the port ballast tanks. The vessel was assessed by French surveyors as remaining seaworthy and it subsequently crossed the English Channel with the French tug Abeille Languedoc in attendance. It then berthed alongside in Dunkirk until a dry dock became available in which to complete permanent repairs.Stema Barge II suffered extensive damage to its port ballast tanks. The barge remained at anchor off Dover for several days until arrangements were made to tow it to a facility on the River Tyne to carry out repairs.
zoomIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license The Port of Prince Rupert and DP World have agreed on terms of a project development plan that outlines the next phase of expansion for the DP World Prince Rupert Fairview Container Terminal.As informed, the Phase 2B expansion will increase annual throughput capacity at Canada’s second largest container terminal to 1.8 million TEUs when complete in 2022.The Fairview Phase 2B project follows the 2017 completion of Fairview Phase 2A, which increased the terminal capacity by 500,000 TEUs to its current capacity of 1.35 million TEUs.The construction on Phase 2B will begin in mid-2019. There will be an initial gradual release of capacity to 1.6 million TEUs in 2020, following the completed expansion of the container yard to the south, according to the port authority.“The execution of this agreement signifies DP World’s commitment to enabling Canadian trade with another significant investment that will bring a total of one million additional TEUs of container capacity to the Port of Prince Rupert in less than five years. This project will provide critical trade-enabling infrastructure for Canada’s west coast, a timely response to forecasted growth in trans-Pacific trade and supportive of Canada’s efforts to diversify markets through new free trade agreements such as the CPTPP,” Bud Smith, Port of Prince Rupert Chair, commented.The project will expand the container yard from its current 32 hectares to 41 hectares and add two new rubber-tired gantry (RTG) cranes as well as an eighth dock gantry crane. The existing maintenance and administration buildings will be relocated to create additional container storage capacity.Separately, the port authority announced the completion of the Atlin Promenade, the latest waterfront improvement project to be funded by the Port of Prince Rupert. The port believes the 80-meter Atlin Promenade will be a significant aesthetic and logistics improvement for cruise business at the Northland Terminal.
zoomIllustration; Source: Pixabay under CC0 Creative Commons license Norway-based shipowner MPC Container Ships (MPCC) revealed that the scrubber retrofitting and commissioning for the first three of its vessels has been completed.As World Maritime News already reported, the company would equip a total of ten ships with exhaust gas cleaning systems. The retrofitting program is scheduled to be completed during the second half of this year.Additionally, the company said it inked charter contracts for eight out of ten boxships to be equipped with scrubbers. The charters were concluded with unnamed operators for periods of 2 to 3 years “at attractive base rates plus a savings sharing mechanism”, according to MPC Container Ships.Apart from the ten vessels that will feature scrubbers, 58 of the company’s containerships would be operated on compliant fuel, MPCC added.In preparation for the IMO 2020 sulphur cap, MPC Container Ships recently joined the Trident Alliance, a coalition of shipping owners and operators who share a common interest in effective and transparent enforcement of global sulphur regulations.“Joining the Trident Alliance allows us to align our company with an important network of like-minded industry peers, and support industry-wide calls for effective and transparent enforcement around the world,” Constantin Baack, CEO of MPCC, commented.Related: MPC Container Ships to Use CTL Payout for Scrubber RetrofitsChallenging Markets Still Hurt MPC Container Ships’ Earnings