SFL: USD 1.2 Bn Invested in New Vessels in 2018

first_imgBermuda-based shipowner Ship Finance International Limited (SFL) invested USD 1.2 billion in new assets in 2018, continuing its fleet renewal efforts.As explained, these transactions added USD 1.3 billion in future contracted charter revenue.The company intends to seek further growth opportunities and maintains a strong liquidity position “in order to be able to act decisively.”“We believe the combination of a challenging banking market for many players and low asset prices will create significant opportunities for Ship Finance in finding investment opportunities with limited downside on asset values,” SFL said.SFL had a fleet of 86 vessels comprising tankers, bulkers, containerships and rigs at the end of 2018, with only one of the original tankers remaining.“We have continuously renewed and grown our portfolio and diversified our charter revenue backlog across multiple segments and counterparties. SFL has transformed from a pure vessel leasing company, serving one related party, to a multi-faceted organization with USD 3.8 billion in contracted future revenues,” Ole B. Hjertaker, CEO of Ship Finance Management AS, commented.SFL reported a net income of USD 3.5 million in the fourth quarter of 2018, down from the net income of USD 29.7 million seen a quarter earlier. The decrease was due to a USD 35.7 million non-cash impairment related to offshore supply vessels.On the other hand, total operating revenues were USD 118.6 million in Q4 2018, higher when compared to revenues of USD 111 million posted in Q3 2018.During the fourth quarter, the company delivered the third 10,600 TEU container vessel on long term charter to Maersk Line. SFL also acquired two 19,400 TEU container vessels on long term charters to MSC.The company concluded more than USD 840 million lease financings in Asia for eight container vessels in Q4 2018.At the end of the quarter, SFL had ten debt free vessels, with a combined charter free value of USD 200 million.last_img read more

British tourists prepare to evacuate Egypt

first_imgFlights to Egypt have been cancelled, with experts warning of the dire consequences to the Egyptian economy.Britain is preparing to evacuate its citizens from Egypt.That comes amid Western concerns that a bomb may have been planted on the Russian plane that crashed in Egypt last Saturday, killing everyone on board.Both Russia and Egypt have dismissed the claims.last_img

Dave Galle Memorial Golf Classic

first_imgThe Dave Galle Memorial Golf Classic will be taking place in Columbus, Indiana.A Celebration Dinner and Reception will be on Sunday (6-22) at The Clarion Hotel in Columbus.  Social Hour and Dinner start at 6:00 PM.  The Program starts at 7:30.The Golf Outing will be on Monday (6-23) at The Otter Creek Golf Course in Columbus with Breakfast at 7:30 AM.Dave Galle BrochureLog onto www.gallememorialgolfclassic.com for details.Submitted by Batesville Boys Basketball Coach Aaron Garrett.last_img

Mooted Mata move surprises Wenger

first_img “Some teams have already played twice against one opponent and some others not. “I think if you want to respect the fairness for everybody exactly the same, that should not happen.” It has been suggested that the possible Mata sale could be a move by Chelsea boss Jose Mourinho to damage other title rivals, as United still have to play Arsenal, Manchester City and Liverpool. But Wenger said: “I wouldn’t go as far as that. I just think you would want everybody on the same level. “I can understand completely what Chelsea are doing. They do not make the rules, but maybe the rules should be a bit more adapted for more fairness.” United manager David Moyes did not discuss the Mata situation when asked about it after his side’s Capital One Cup semi-final loss to Sunderland. United were beaten on penalties at Old Trafford after winning the second leg 2-1 after extra time. Bringing in a high-profile new signing could give the club a lift after what has been a difficult spell but Wenger expects Moyes to ride through the storm. Wenger said: “I don’t want to give advice to David Moyes. “Many young managers come and ask me for some advice when they start their career. “Part of that, I tell them, is that you have to survive massive disappointments and keep your belief high in what you do because to win is easy for everybody. “How to live with defeat, that is what managers are about and David Moyes is strong enough. “For me he deals with the situation very well. They go through a difficult moment in their season but they can still come back and are in a strong position in the Champions League, and have just bought a great player. “So, Man United have still to be considered a threat.” Mata is expected to undergo a medical at United ahead of a potential club record move to Old Trafford. A source close to negotiations has told Press Association Sport that a deal is “close” to being completed and Mata could be in the United squad to face Cardiff next Tuesday. Press Association Mata, 25, has fallen out of favour at Chelsea this season but Wenger is still amazed he could be allowed to join a traditional title rival. Asked if he was surprised, Wenger said: “Yes I am because Juan Mata is a great player and they sell a great player to a direct opponent.” Wenger does note, however, the timing of the move with Mata now unable to affect Chelsea directly this season as they have already played United twice in the Barclays Premier League. Chelsea beat the champions 3-1 at Stamford Bridge last weekend, a result that left United seventh in the table. Chelsea could still come up against United in the Champions League but Mata would be ineligible. With the Premier League fixture list in mind, Wenger is not sure the January transfer window is a fair concept. The Gunners boss said: “Chelsea had already played twice against Man United so they don’t play again any more. “They could have sold him last week but it opens up again questions about the dates of this transfer window. Arsenal boss Arsene Wenger has voiced surprise that Chelsea could sell playmaker Juan Mata to Manchester United.last_img read more

South Florida Braces for Possible Tropical Storm this Weekend

first_imgFlorida may have to brace for a tropical storm this weekend. The National Hurricane Center said yesterday that Potential Tropical Cyclone Nine in the Atlantic could become Tropical Storm Isaias today. Currently the system has sustained winds of 45 mph according to the National Hurricane Center.The effects of the storm could reach Florida by the end of the week. Landfall could come this weekend in South Florida, but almost the entire state is in the NHC’s forecast cone. Now is the time to stock up on your 7-day ration of hurricane supplies.First, the system must survive a cloud of Saharan dust which retards strengthening, the potential interaction with mountains on the Dominican Republic and an upper level wind shear. A Tropical Storm Warning has been issued for the north coast of Haiti from Le Mole St Nicholas eastward to the northern border with the Dominican Republic.The government of the Bahamas has issued a Tropical Storm Watch for the southeastern Bahamas, including the Acklins, Crooked Island, Long Cay, the Inaguas, Mayaguana, and the Ragged Islands.last_img read more

Barcelona transfer ban upheld.

first_imgBut CAS have found no reason for the ban to be overturned, and Barcelona must now wait until the January 2016 transfer window before they can add to their squad again. Barcelona will be unable to make any signings in 2015 after the Court of Arbitration for Sport upheld their transfer ban.The Catalan club were sanctioned by FIFA for signing underage players from outside of Spain.Barcelona appealed the original decision, with the delay allowing them to sign the likes of Luis Suarez and Ivan Rakitic.last_img

49ers activate WR Deebo Samuel off injury list

first_img Written By SUBSCRIBE TO US WATCH US LIVE First Published: 6th September, 2020 08:05 IST Associated Press Television News COMMENTcenter_img LIVE TV Last Updated: 6th September, 2020 08:05 IST 49ers Activate WR Deebo Samuel Off Injury List The San Francisco 49ers activated starting receiver Deebo Samuel from the non-football injury list as they reduced their roster to under the 53-man limit The San Francisco 49ers activated starting receiver Deebo Samuel from the non-football injury list as they reduced their roster to under the 53-man limit.The move with Samuel means he is eligible to play the season opener Sept. 13 against Arizona instead of staying on the NFI list because of a broken foot for at least the first eight weeks of the season.It’s not yet certain whether Samuel will be able to play the opener but coach Kyle Shanahan has expressed hope he’d have that key piece in Week 1. With Samuel on the active roster, the 49ers cut seventh-round receiver Jauan Jennings, as well as veteran training camp additions Kevin White and River Cracraft.Samuel caught 57 passes for 802 yards and three TDs last season and also made big contributions in the running game. He had 14 carries for 159 yards and three scores. Samuel had 575 yards receiving over the final eight weeks of the regular season, ranking second to Tennessee’s A.J. Brown among rookies in that span.Samuel then made a big impact in the postseason with 10 catches for 127 yards and six runs for 102 yards in three games. He had five catches for 39 yards and three carries for 53 yards in San Francisco’s 31-20 loss to Kansas City in the Super Bowl.The Niners will start the season with three players on the physically unable to perform list with center Weston Richburg, as well as defensive linemen Ronald Blair and Jullian Taylor out for at least the first eight weeks as they recover from knee injuries.Among the other players released on Saturday include defensive end Dion Jordan, safety Johnathan Cyprien, linebacker Joe Walker and cornerback Jamar Taylor, who all were in the running for spots on the roster this summer.The other players released were defensive linemen Alex Barrett, Darrion Daniels and Cameron Malveaux; offensive linemen Hroniss Grasu, Jaryd Jones-Smith, Dakoda Shepley and William Sweet; tight ends Chase Harrell and MarQueis Gray; defensive backs Tim Harris Jr., Dontae Johnson and Jared Mayden; running back JaMycal Hasty; fullback Josh Hokit; linebacker Evan Foster and receiver Shawn Poindexter.The team currently has only 52 players on the roster but starting middle linebacker Fred Warner remains on the reserve/COVID-19 list and could take the 53rd spot when he is cleared to return.The 49ers also waived offensive lineman Ross Reynolds with an injury settlement.Image credits: AP FOLLOW USlast_img read more

Jordan Ayew is Crystal Palace’s top player for October

first_imgGhana’s Jordan Ayew has picked up his second monthly club award at Crystal Palace by being voted the ManBetX player for October. The latest gong adds to what he picked up in month of August.In the month under review, Ayew scored against West Ham and Arsenal on the road to help Palace pick up a win and draw.Fans gave 35 percent of their votes to the Ghanaian while Gary Cahill got 21 and James McArthur 16 percent respectively.Ayew told Crystal Palace’s official website that he was pleased with the level of recognition he was getting but his work was highly complimented by his team mates and he was more concerned with the success of the team.“It’s a pleasure, obviously. I work really hard and I have the support from the players, from the staff, from the football club and from the fans. Everything’s good.“I’ll just keep on working and never stop working. It gives me more hunger for more hard work and to get to where the club wants to get to. That is a positive thing and without the players I wouldn’t win this award so I have to thank everyone and thank the players especially.“I just try to do my best for the team. If I can chip in a few goals it’s a positive thing. But the important thing for me is for the team to win and that is what I try to do every time I’m on the pitch, to make sure we win games.“That is my mentality. I don’t like to lose so I want to win every game and whether I score or whether my partner scores, I am very happy.”Ayew and his team mates will face Leicester City at Selhurst Park on Sunday at 2pm in the Premier League and the game will be live on Citi 97.3 FM.last_img read more

Mirza Bašić won the ITF Tournament in Ajaccio

first_imgBiH tennis player Mirza Bašić won the ITF Tournament in Ajaccio, worth 15 000 USD, reports sportsport.baBašić was the fourth holder of the tournament, and in the finals he defeated French tennis player Romain Jouan with 6:4, 6:4. The Frenchman is currently the 341st player of the world.During the tournament Bašić defeated Constant Lestienne, Simon Cauvard, Yannick Mertens in quarterfinals and Vincent Millot in semi-finals.(photo: tennisalternative.com)last_img

Legislators ponder renovating, rebuilding or moving State Historical Building

first_imgDES MOINES — Lawmakers are considering the future of the State Historical Building which sits two blocks west of the State Capitol. Republican Representative Gary Mohr of Bettendorf said the building is in disrepair and the tab for renovating it is a staggering $30-to-$50 million.“I just think that’s a travesty to have to spend that kind of money on a 30-year-old building,” Mohr said earlier today, “so I think it’s important we look at other options.”Mohr said no decisions have been made, but a bill pending in the legislature calls for assembling a group that would evaluate relocating the State Historical Building. One idea is to move it to the Iowa State Fairgrounds.“Perhaps more people would go through the State Historical Building during the 10 days of the State Fair than go through it all year round at the current location,” Mohr said.The building today sits in what’s become known as the “East Village” of Des Moines. It’s a bustling district between the Des Moines River and the State Capitol that features restaurants and bars, retail shops and new housing. Mohr said there’s been no evaluation yet of what the state might gain by selling the property.“I’ve been coming to the capitol since 1967 when I worked down here as a high school kid,” Mohr said. “The value of that block is probably more today than it has been any time in the last 52 years I’ve been coming to the capitol and I think we need to take that into account.”Thunderstorms have invaded the State Historical Building for years. One long-time Democratic lawmaker recalls there were buckets inside, catching water, during the building’s grand opening. Three years ago, museum officials touted an $80 million plan to upgrade the facility and protect the 200 million artifacts on display and in storage, but legislators balked at the price tag.Mohr said it’s time to quit kicking the can down the road and start making some long-term plans.“Instead of plugging the same holes, we need to be a little bit more creative and look at what other options are out there that make sense,” Mohr said. “The history of Iowa is too important.”A budget bill that cleared a House committee this evening sets aside a million dollars for a 10-member task force to begin considering what’s next for the State Historical Building.last_img read more