Category: fofabvlic

Ocean Yield to acquire ethylene gas carrier Navigator Aurora

first_imgAccording to the terms of the agreement, the vessel will be bareboat chartered back to Navigator for a span of 13 years Image: The vessel is expected to be delivered to Ocean Yield during October this year. Photo courtesy of Raw2Jpeg from Pixabay. Norway-based ship owning company Ocean Yield has agreed to acquire ethylene gas carrier Navigator Aurora from Navigator Holdings for $69.75m net of seller’s credit.Built-in 2016, Navigator Aurora is a 37,300 cbm ethylene gas carrier. The vessel is operating on a sub-charter to European chemical group Borealis, transporting ethane from the US to Europe, until December 2026.According to the terms of the agreement, the vessel will be bareboat chartered back to Navigator for a span of 13 years. The deal also includes an option for Navigator Gas to acquire the vessel back during the charter period.The propulsion and electrical systems are designed to use liquefied natural gas (LNG) as fuel in addition to conventional fuel. Further, the vessel is currently going through a project to also use ethane as fuel.Ocean Yield CEO Lars Solbakken said: “We are pleased to further diversify our portfolio of vessels with the investment in an ethylene gas carrier with a 13-year charter to Navigator Gas.“Including this vessel, Ocean Yield will have three vessels that can use ethane as fuel, reducing emissions compared to vessels that utilize conventional fuel.”Delivery of Navigator Aurora expected in October 2019The vessel is expected to be delivered to Ocean Yield during October this year. However, the deal is subject to final documentation.Navigator Gas claims to own a sophisticated fleet of 38 gas carriers that play a major role in the global liquefied gas supply chain, providing gas transportation solutions for energy companies, industrial users and commodity traders. The vessels carry cargoes of liquefied petroleum gas (LPG), petrochemical gases and ammonia.In May, Ocean Yield agreed to further extend the option for long-term charter with Aker Energy for the FPSO Dhirubhai-1 until 1st September this year against an additional compensation.The option period expired on 1 May but was extended until 30 May 2019.last_img read more

IS IT TRUE JUNE 22, 2018

first_imgWe hope that today’s “IS IT TRUE” will provoke honest and open dialogue concerning issues that we, as responsible citizens of this community, need to address in a rational and responsible way?IS IT TRUE that a “Blue Ribbon” committee appointed by the Mayor to study and recommend what to do with the aging indoor Northside Lloyd Swimming pool complex has completed its task?  …to no one surprise that this committee originally recommends that the new state-of-the-art multi-million dollars “Aquatic Center” be built at Roberts Park just off the Lloyd expressway?IS IT TRUE we are told that the Mayor didn’t like the choice that his “Blue Ribbon” committee selected concerning the new location of the proposed multi-million dollars “Aquatic Center?”  …after some political arm-twisting, the Mayors “Blue Ribbon” Aquatic study committee members changed their opinions on where the new “Aquatic Center” should be built? …after all, said and done the committee supported the Mayor’s recommendations to build the new “Lloyd Aquatic Center” at Garvin Park just right across from historic Bosse Field on the current site of Garvin Park swimming pool and tennis courts?  …that by locating the new “Aquatic Center” at the Garvin Park location the city can use “TIF” money to build it?IS IT TRUE after an additional review of our notes concerning the confidential business agreement between Deaconess Hospital and Henderson Community Methodist Hospital, we have attached a few more questions and comments for our readers to absorb?IS IT TRUE the questions are: 1) Have there been any recent employee changes in the OBGYN department at Henderson Community Methodist?  2) Has there been an increase in the number of critically ill and complex care patients at Henderson Methodist patients cases being transferred to Evansville Deaconess?  3) Has the Henderson Community Methodist inpatient Pediatrics unit been closed?  4) Has the Radiating Oncology Center at Henderson Community Methodist Hospital been closed?  5) What the status of the much-touted Deaconess clinic plan to be constructed at the river view entrance at Henderson Methodist Hospital?  6) Has the FTC and the State of Kentucky given Deaconess and Henderson Community Methodist Hospitals the approval to merge both operations?IS IT TRUE that there is concern among certain people that the proposed merger/buyout/partnership between Deaconess and Henderson Community Methodist Hospitals could run afoul of the rules and regulations set by the FTC and the State of Kentucky if they aren’t careful?  … we have been told that whoever owns the “medical certificate of need” for the Henderson area will effectively control health care services in that area?IS IT TRUE we been told if the State of Kentucky and or the FTC disallows the proposed merger/buyout/partnership between Deaconess and Henderson Community Methodist Hospitals to be approved they better have at least $1 million dollars in a legal fund to challenge both entities in a court of law?IS IT TRUE that the City of Evansville and Vanderburgh County said goodbye to Bob Warren who was recruited to come to town and run the Evansville Convention and Visitors Bureau after an embarrassing incident where the former board of directors threw a alcohol-fueled Christmas party to reward themselves for a job the deemed to be worthy?…to the extent that there have been no real scandals other than a roast pig that wasn’t really much of a scandal at all the CCO thanks and congratulates Mr. Warren for riding to the rescue and being the adult in the room for his 7 years at the helm?IS IT TRUE that we were all concerned over a train wreck/explosion in Gibson County near the Toyota plant over the weekend?…there have been several reasons to be concerned over the years in greater Evansville that have been rooted in train mishaps?…once a train car full of phosgene spilled near the Howell Yards in route to the plastics plant in Mount Vernon?…that phosgene is not harmful unless it becomes moist?…the substance was cleaned up and carted away in full before any water came into contact with it and that is a good thing because if it had rained the probability of many people dying was fairly high?…this brings us to the question of why the exploding rail cars in Gibson County was allowed to burn itself out?…we do not know at this point why that decision was made but do expect some information to come forth over time?IS IT TRUE that the overly wet spring is costing the people of Evansville a most excellent retail shopping experience?…the Costco that is under construction is being delayed from opening due to the amount of rain that we have experienced this year?…we predict a war for customers between the new Costco and the longtime Sam’s Club?…in most markets in the United States where both of these big box retailers compete, Costco usually wins but we are interested to watch the competition heat up? Todays “Readers Poll” question is: Would you like for Deaconess and Henderson Community Methodist Hospitals to be more forthcoming with the details of the merging of services between both hospitals? Please take time and read our articles entitled “STATEHOUSE Files, CHANNEL 44 NEWS, LAW ENFORCEMENT, READERS POLL, BIRTHDAYS, HOT JOBS” and “LOCAL SPORTS”.  You now are able to subscribe to get the CCO daily.If you would like to advertise on the CCO please contact us [email protected]center_img FacebookTwitterCopy LinkEmailSharelast_img read more

ABF issues warning on Allied’s volumes

first_imgAssociated British Foods has warned that Allied Bakeries has achieved lower volumes than expected, as it prepares to release its interim results.Volumes across Allied’s range of products were affected over the last six months, said a spokesman. Full details of the results will be announced on April 19, when ABF issues its interim results to March 4, 2006.However, performance at Associated British Foods’ AB Mauri division has been more satisfactory, it said in a trading update on February 27.It said: “It will contribute strongly, reflecting a full half year of profit, the benefits of price and volume increases and growth in bakery ingredients. Capacity has been increased in a number of Asian factories and the newly-opened factory in western China is doing well.”British Sugar’s trading in the UK and Poland across the year has been difficult, it said, with price pressure on contracts for this calendar year and sharply higher energy costs. Operating profit for these businesses will be lower than last year as a result. However, this year’s campaigns were excellent in the UK and Poland, and the UK crop is forecast to reach 1.34 million tonnes.last_img read more

Mavis Staples, Ben Harper Perform “Change” On ‘Jimmy Kimmel Live’ [Watch]

first_imgOn Monday night, Mavis Staples and Ben Harper served as the musical guests on ABC late-night television show Jimmy Kimmel Live.The duo and their backing band worked through “Change”, the lead single off of Mavis’ forthcoming studio album,  We Get By, which is set to arrive this Friday, May 24th via ANTI-Records. The 11-track studio effort was co-produced by Harper, who also composed each of the songs featured on We Get By.Watch Mavis Staples and Ben Harper perform “Change” on Jimmy Kimmel Live below:Mavis Staples & Ben Harper – “Change” – Jimmy Kimmel Live[Video: Jimmy Kimmel Live]This isn’t the first time that Staples and Harper have teamed up to write and record new material, as the duo collaborated on “Love And Trust” from Staples’ last studio album, 2016’s Livin’ on a High Note.“These songs are delivering such a strong message,” Staples explained in a statement about her forthcoming release. “We truly need to make a change if we want this world to be better.”“I come from a family of Mavis fans,” Harper added in a statement. “So her music has been woven into the fabric of my life from the very start. When I got the call for this gig, it felt like my entire career, everything I’d ever written, had been pre-production for this.”Head here to pre-order We Get By ahead of its May 13th release.last_img read more

HBS faculty win big

first_imgThree members of the Harvard Business School (HBS) faculty have won awards in the 2012 ECCH Case Awards Competition. First presented in 1991, these annual awards aim to recognize worldwide excellence in case writing and raise the profile of the case method of learning.This year’s HBS winners are Thomas D. Casserly Jr. Professor of Business Administration Emeritus Christopher Bartlett for “United Cereal: Lora Brill’s Eurobrand Challenge” (co-authored with Carole Carlson), which won in the Economics, Politics and Business Environment category; Harold M. Brierley Professor of Business Administration John Deighton for “Dove: Evolution of a Brand,” which was recognized in the Marketing category; and Assistant Professor of Business Administration Hanna Halaburda for “One Game to Rule Them All: Lord of the Rings Online and the MMO Market” (co-written with Ivan Nausieda, Robert McKeon, and William Collis) in the Hot Topic competition, which this year focused on social media and change.Read the full announcement.last_img read more

Forrester finds VCE provides lower TCO

first_imgAt SAP’s annual SAPPHIRE NOW conference last week in Orlando, we had the chance to talk with a lot of people about their SAP Big Data and Private Cloud Journey. And, while many of us are still humming “It’s My Life” after Jon Bon Jovi’s concert, another thing that has really stuck with us was the positive feedback from customers about their business transformation experiences with converged infrastructure. We also noticed a big increase in the receptiveness of those not yet using converged infrastructure to learn more about how they can take advantage of its benefits. As what we believe to be further validation that converged infrastructure is the best solution available for virtualizing SAP, Forrester Consulting shows the true economic impact of Vblock™ Systems in the March 2014 commissioned study entitled “The Total Economic Impact™ Of Converging SAP Landscapes On Vblock™ Systems,” which was conducted by Forrester Consulting on behalf of VCE.“Enterprises are always looking to do more with less – especially when it comes to IT resources.ShareI had the special opportunity to meet with a number of chief systems architects, all discussing (to use SAP’s ASAP terminology) their current Business Blueprint and plans for Realization, including SAP HANA® on the SAP roadmap. A common theme was the amount of time and attention needed to get optimal performance out of their current hardware investments in HP, IBM and NetApp.Many were happily surprised to learn that SAP’s Tailored Datacenter Integration (TDI) program allows SAP HANA customers to leverage existing hardware and infrastructure components for their SAP HANA environment. We discussed how VCE, through SAP’s TDI program, enables customers to introduce a Vblock System as part of an infrastructure upgrade or consolidation to ensure the line of business has everything it needs to get started with the Realization step in the SAP roadmap, including the correct number of virtual machines and a SAP HANA system within the confines of a single Vblock System.In the study mentioned above, Forrester Consulting interviewed a number of our customers running virtualized SAP to determine if, in fact, the Vblock System is the most cost-effective option. The Forrester Total Economic Impact (TEI) study, commissioned by VCE, spoke with large SAP footprint organizations (more than five million SAPs on a single Vblock System) to get data about costs, benefits and risk.“Click to Tweet: Learn why @VCE is a cost-effective option for SAP HANA from @Forrester bit.ly/1lcKOLn more in VCE’s blog bit.ly/1quzMBzShareThe findings were impressive and really captured the value of true converged infrastructure. To start, implementation costs were dramatically reduced. VCE was able to implement a full solution in half the time with two-thirds as many internal resources. Once the Vblock System was in place, productivity increased up to 20 percent due to more responsive systems, faster provisioning times and automatic updating.While these savings are impressive, Forrester found the biggest benefits to be on the operational side. In one instance, a company was able to save $20 million in annual outsourcing contracts. In the first year of operation, the team was able to reallocate 30 percent of its resources to other value add IT activities. By year two, the benefit increased to 40 percent. In another instance, a company in the midst of a hiring freeze, and had reduced staff by 5 percent, saw its remaining IT team members able to keep productivity levels up with the help of the high performance system.Following interviews with VCE customers, Forrester used its findings to predict what an organization of 15,000 employees and 5,000 SAP users would experience if it were to move its SAP operations onto a Vblock System. According to Forrester, benefits would include:A payback period of less than a yearNet present value (NPV) of $5.7 million ($1,135 per user)40 percent productivity improvement in IT operations and 20 percent improvement in SAP developer outputA risk-adjusted ROI of 85 percent, and IRR of 122 percentBenefits worth $14.4 millionThese types of savings reaffirm that the simplified way to consume IT through VCE will be less costly for your organization and less worrisome for a customer’s IT department.“Check out the full study – The Total Economic Impact™ Of Converging SAP Landscapes On Vblock™ Systems – to learn more about virtualizing SAP on VCE Vblock Systems.Sharelast_img read more

Broder interim dean

first_imgBy Larry B. DendyUniversity of GeorgiaAthens, Ga. — Josef M. Broder will become interim dean anddirector of the University of Georgia College of Agricultural andEnvironmental Sciences Jan. 1. He will fill a vacancy that willoccur when Gale A. Buchanan steps down as dean Dec. 31.Arnett C. Mace Jr., senior vice president for academic affairsand provost, announced Broder’s appointment today, pendingapproval by the University System of Georgia Board of Regents.Broder is serving now as interim associate dean for academicaffairs and assistant dean for administration in the CAES. He hasbeen a faculty member or administrator in the CAES for 27 years.Buchanan, who has been dean since 1995, will remain on thecollege faculty as a professor until he retires on April 30.A search committee is conducting a national search to identify apermanent dean.University ProfessorBroder is a professor of agricultural and applied economics. Heholds the title of University Professor, which recognizes facultymembers for making a significant impact on the university.He received a bachelor’s degree in agricultural economics fromUGA in 1971 and joined the college faculty in 1977, after earningmaster’s and doctoral degrees from Michigan State University.”Dr. Broder possesses excellent administrative and managerialcapabilities, significant experience, commitment to the Collegeof Agricultural and Environmental Sciences, and utmost respectfrom his colleagues at UGA and external constituents to serve inthis capacity,” Mace said. “I am very grateful for hiswillingness to serve as the interim dean until the search processis completed.”Broder’s current administrative duties include managing theinstructional budget for the college. He coordinates recruitment,orientation, registration, student records and student feeallocations and expenditures. He also coordinates scholarships,internships and student awards and oversees promotion and tenure,faculty leadership programs and awards.Highly regarded teacherBefore moving into administration, Broder was recognized as oneof the nation’s best teachers in colleges of agricultural andrelated sciences.He has received more than 15 teaching honors, including theJosiah Meigs Award (UGA’s highest teaching prize), the D.W.Brooks Distinguished Teaching Award (the college’s top honor) andthe U.S. Department of Agriculture’s National Award of Excellencefor teaching in food and agricultural sciences.He was a senior teaching fellow at UGA and a charter member ofUGA’s Teaching Academy, for which he has served as chair since1999.He has also been deeply involved in academic advising forstudents, serving as his department’s undergraduate advisingcoordinator, conducting advisor workshops and personally advising575 students. He is also the college’s honors program advisor andhas been faculty adviser for several student organizations.Gwinnett, Tifton coursesBroder led two initiatives to extend UGA academic programs beyondthe Athens campus. He helped develop plans for UGA to providecourses at the Gwinnett University Center and helped establishUGA’s Tifton campus degree program that provides courses leadingto degrees in agricultural education and agriscience andenvironmental systems. He is now working to establish teachingprograms at UGA’s Griffin campus.An internship program that Broder developed for Morgan Countygrew into a Young Scholars Program that annually brings more than50 high school students to UGA for a six-week internship.Broder also helped establish a congressional internship programthat lets CAES students work in the Washington offices of Georgiacongressional representatives.His published scholarship includes more than 80 articles, manydealing with teaching. He has also developed several tools andtechniques for teaching agricultural economics that othercolleges have adapted.He has been president of the Southern Agricultural EconomicsAssociation, a director of the Council for Agricultural Scienceand Technology and an executive board member of the WorldAssociation for Case Method Research and Application.(Larry Dendy is the assistant to the associate vice presidentfor public affairs of the University of Georgia.)last_img read more

Central American Nations and U.S. Exchange Ideas on Military Support to Law Enforcement

first_imgBy Dialogo August 03, 2012 U.S. Southern Command (SOUTHCOM) hosted military leaders and local police forces from Belize, Guatemala, Honduras and El Salvador on July 31-Aug. 2, in order to exchange ideas on how to strengthen the collaboration between military support to law enforcement in their efforts to counter the activities or transnational organized groups and transnational Organized Crime (C-TOC) operations and the Central American Regional Security Initiative (CARSI). Because of the increased violence in Central American nations in recent months, due to transnational organized crime activities, the military forces of those countries have been given expanded roles to support their local law enforcement bodies. Attendees at the Military Support to Civil Authority and Policing Strategies Conference came together to discuss how this joint collaboration is taking place and the results it is having. Jorge Silveira, director of the SOUTHCOM’s Partnering Directorate, opened the conference by saying, “Transnational Organized Crime is unique because it transcends borders and surpasses any one nation, government and agency.” Silveira added that the common interests of the region “can only be advanced if we share our capabilities to leverage the expertise each of us has.” Among other topics, Colonel Luis Alberto Vega Turcio, deputy chief of intelligence for El Salvador’s Joint Staff, explained how a constitutional amendment created the Plan Anti Crisis (anti-crisis plan) in 2009. The amendment required that country’s military forces to support their local police forces in diminishing crime and executed the creation of four commands dedicated to assist the Civil Police, each one focused on the following missions: controlling rising crime, having a presence in higher-crime areas in which arms trafficking, drugs, murders and kidnappings are evident, enforcing border points to avoid illegal entries and exits, and backing local authorities in national prisons to neutralize contraband within them. For their part, Brigadier General Manuel Augusto López, deputy chief of staff of Guatemala’s Armed Forces, Lieutenant Colonel Carrillo, from the Honduran Armed Forces, and Major Charlton Roches, operations officer with the Belizean Defense Force also highlighted the operations implemented by their respective countries’ armed forces to provide support to their local civil and police law enforcement bodies. Col. Vega Turcio stated, “Our mission was to interrupt, setback, disrupt, and neutralize the country’s capacity for crime in order to collaborate in achieving social peace, an environment of social security, balanced economic development and democratic governability,” –an objective common to the approaches by all four partner nations.last_img read more

Minnesota campaign aims to eradicate ‘bankziety’

first_imgProgram educates consumers age 21 to 35 about the benefits of CU membership.by: Claire DragichThe Minnesota Credit Union Network’s (MnCUN) “Bankziety” program recently gained national attention after being mentioned in an article by The New York Times.The program, which spreads the word to consumers about the benefits of credit union membership, has been a creative and successful effort for MnCUN.Connie Kuhn, MnCUN’s director of communications, recently shared how the campaign is progressing.CU Magazine: How did the program come about?Kuhn: Bankziety is aimed at educating consumers age 21 to 35 about the benefits of credit unions. It was launched in 2012 to raise awareness about credit unions and encourage consumers to switch to a credit union.The main message of Bankziety is that credit unions exist to serve members, not profit from them. They offer many of the same services as big banks but with the added benefit of lower loan rates, fewer fees, and personalized service.The trademarked term “Bankziety” is defined as “uneasiness, distress, or mental apprehension, usually over an impending interaction with a bank, anticipated financial stress, and fearful concern over banking fees and rates.” continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

Educate members on online banking best practices

first_imgAs consumers increasingly rely on the convenience of online and mobile banking options, their comfort level with this technology grows. Unfortunately, this sometimes makes it all too easy for them to become lax when it comes to online safety best practices.Community financial institutions (FIs) should periodically reiterate online banking safety tips to consumers to help prevent identity theft and other financial loss.Some FIs have developed new and creative ways to inform consumers about the dangers of “over-sharing” their personal and financial information online. However, emphasizing the importance of protecting one’s identity and finances online does not require a massive marketing budget. There are other less expensive, but equally effective, ways FIs can re-educate consumers on the importance of being proactive in protecting themselves online.Community FIs should consider posting the tips below on their websites and in their branch locations:Create strong passwords —Passwords should have at least eight characters and include a mix of uppercase letters, lowercase letters, special characters and numerals. Do not use the same password for more than one financial institution, and do not write any of your passwords down. Change them periodically. FIs should consider working with online/mobile banking vendors to require strong passwords. continue reading » 3SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more