Okeanis Eco Tankers Gets Option to Acquire Suezmax Pair

first_imgzoomIllustration. Image Courtesy: Pxhere under CC0 Creative Commons license Greek shipping company Okeanis Eco Tankers Corp. has been granted an option by the company’s chairman to acquire two Suezmax newbuilding vessels.As informed, the option secures a right for the company, at no cost, to acquire the vessels at the chairman’s acquisition price.The tankers would be constructed at South Korean shipyard Hyundai Heavy Industries (HHI) and delivered in Q3 2020.According to Okeanis Eco Tankers, the option follows a unanimous decision by the company’s board of the directors not to exercise its right of first refusal to step into tanker transactions sourced by the chairman.“After careful evaluation …, the board decided to forego the opportunity to grow the company,” Ioannis Alafouzos, chairman and CEO, commented.“The board is of the unanimous view that the company’s fleet is already well-positioned –- in terms of size, composition, age and growing spot market exposure –- to capitalize on the strengthening tanker market, and that further growth is thus not warranted at this time.” “Nonetheless, as the sponsor of the company, I have granted the company the option to acquire these vessels from my private vehicle at the price I contracted them… The main drivers of the decision by the company to exercise or not exercise the option will be the prevailing market conditions, asset values and the company’s cost of capital … at the relevant time,” Alafouzos explained.The option can be exercised by November 1, 2019. If the company does not exercise the option, Okeanis Eco Tankers will receive a daily fee of USD 600 per vessel from the sponsor for the commercial management of the option vessels upon their delivery.Based in Piraeus, Okeanis Eco Tankers is a pure play eco and scrubber-fitted tanker company that has a fleet of fifteen crude oil and products tankers in the VLCC, Suezmax and Aframax segments. Eight of the fifteen ships are currently being built at HHI, with deliveries planned between Q2 and Q4 2019.last_img read more

Stars Launch Joint PSA To Support National Childhood Cancer Awareness Month

first_imgFormer Vice President Joe and Dr. Jill Biden of the Biden Cancer Initiative (BCI), two-time Super Bowl winning coach and Executive Vice President of Operations for the Jacksonville Jaguars Tom Coughlin of the Tom Coughlin Jay Fund Foundation and Grammy Award-winning band Imagine Dragons of the Tyler Robinson Foundation (TRF) have joined forces to deliver a powerful public service announcement (PSA) in support of National Childhood Cancer Awareness Month this September.Approximately 15,000 people under the age of 20 are diagnosed with some form of cancer each year, according to the Centers for Disease Control and Prevention (CDC) – that’s 43 children diagnosed with cancer each day. Cancer does not discriminate and its impact has been felt in every community across the U.S. leaving a devastating emotional and financial toll on the families tackling the disease. The founders of each of these nonprofit organizations, BCI, the Jay Fund and TRF, have each been touched by cancer’s devastation having walked the journey with a child, a loved one, teammate, fan or friend.In coming together, the groups hope to generate greater awareness and support for families. In a joint statement, the group appeals to the public to join their cause: “In the spirit of Beau Biden, Jay McGillis, Tyler Robinson and all the courageous young people who have fought this disease, please help us make this month matter by supporting those who need it most. No one should fight childhood cancer alone.”Beginning September 1, the PSA will be played on television outlets and in sporting venues across the nation. In addition to making a donation to BCI, the Jay Fund or TRF, there are other practical ways for individuals to support families and get involved in the cause including volunteering with a local pediatric cancer nonprofit.BCI, the Jay Fund and TRF each fill separate, yet critically important, missions in supporting childhood cancer. BCI is accelerating progress in cancer research and care, making more therapies available to more patients, while working to detect and prevent the disease.The Jay Fund has touched more than 5,000 families through their cancer journeys providing more than $10 million in financial assistance to families in northeast Florida and the New York/New Jersey metropolitan area. Since its inception just five years ago, TRF has raised in excess of $5.5 million to support more than 500 families across the U.S. battling childhood cancer by providing grants to offset the many unseen costs associated with treatment.For more information or to learn how to get involved, visit www.bidencancer.org, www.tcjayfund.org and www.trf.org.last_img read more

Land protectors not letting their guard down over mining on sacred site

first_imgJustin Brake APTN News The head of Nova Scotia’s mining association says he’s only trying to get a conversation started about mineral extraction in the province.Sean Kirby is lobbying to get mining on Kluscap mountain – a sacred site for Mi’kmaq people in the province.And while the province says it has no intention of opening up the sacred Mi’kmaq area, land defenders say they’re not letting their guard [email protected]last_img

Jerry Sanduskys Image Replaced on Penn State Mural

Jerry Sandusky hadn’t been on the Heister Street mural in State College since the early days of the scandal that rocked Penn State. Now, the chair left vacant in the painting is being occupied by a poet who uses her work to raise awareness about sexual and domestic violence.Artist Michael Pilato took Sandusky out of the mural, which features hundreds of Penn State figures throughout history, in November. In his place, Pilato painted a blue ribbon which symbolizes child abuse awareness. That wasn’t enough for Pilato.“The title of the mural is ‘Inspiration’, so the people in the mural are inspirational people,” the artist told Onward State. “With just the blue ribbon there, you still saw Sandusky.”Poet Dora McQuaid was the symbolic choice to replace the convicted sexual offender. According to her website, McQuaid “combines her passion for language and performance with her dedication to activism, using poetry, performance and speaking to raise awareness of the issues of domestic and sexual violence, and teaching writing […] as means of empowerment and healing.”The blue ribbon isn’t gone though. Pilato painted one around the neck of a Nittany Lion that’s in the lower corner of the mural.Joe Paterno remains in the center of the painting. Pilato hopes to add the late coach’s wife, Sue, and son, Jay. Like all deceased figures in the painting, Paterno is depicted with a halo above his head. read more

Christie concedes says will support Minnis transition

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppBahamas, May 11, 2017 – Nassau – Perry Christie issued a statement to say that he wishes the FNM only success and promised his full support for a smooth transition of the new government.  Mr Christie, who now likely ends his political career with the loss of his Centreville seat said it has been an honour and privilege to serve as the Prime Minister of this great nation.  The outgoing PM thanked also those who served with him for their dedication.  Perry Christie has twice served as Prime Minister of The Bahamas, both times it was a one term stint.Prime Minister Perry Christie has conceded the election and released a statement:  “I called Dr. Minnis earlier this evening to congratulate him on his party’s victory. I understand as perhaps few others the challenges that await Dr. Minnis, and I wish him only success on behalf of our nation. He has my full support for a smooth transition. “It has been an honor and a privilege to serve as the Prime Minister of this great nation. I want to express my deepest gratitude to the Bahamian people for that opportunity. To those who served alongside me, I thank them for their dedication to our share ideals.“May God Bless Us All, and May God Bless the Commonwealth of The Bahamas.” Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:last_img read more

Callejon was that Napoli is strong

first_imgThe Italian Lega Serie A club will face Paris Saint-Germain in the UEFA Champions League tomorrow, and the Partenopei need a winThe UEFA Champions League is back. And tomorrow night, Italian Lega Serie A club Napoli will face French Ligue 1 side Paris Saint-Germain.For Partenopei footballer Jose Callejon his team is strong and he knows a win would be a big step to the next round.“I think we’ve been strong every year,” Callejon told Football Italia.Opinion: Neymar will earn respect back from the PSG fans Tomás Pavel Ibarra Meda – September 14, 2019 After completing his incredible return to Parc des Princes, we predict that Neymar will earn the respect back from PSG supporters.The situation between Neymar…“I couldn’t tell you if it’s the strongest team, there have been a lot of strong players in the last few years.”“We’ve been playing together for a long time, we know each other more and more and over the years we’ve become more mature,” he added.“We’ve played important games and over the years we’ve all become stronger.”“We’re aware of being more mature, then the Coach is giving us more confidence. We can do great things and we hope to do well tomorrow,” he concluded.last_img read more

Delhi does its bit to uplift tribes

first_imgA rare exhibition of ethnic art motifs of tribal communities such as Gonds, Bhils, Rathwas, Sauras and Warlis is being held in the national capital.The nine-day Adi Chitra showcase at Shriram Bharatiya Kala Kendra here features works of 40 artists.The artworks, painted in simplistic style, depict life of the ethnic groups, including their gods and goddesses, love for nature, affinity to colours, festivals and community bonding.Organised by the Tribal Cooperative Marketing Development Federation of India (TRIFED) under the Ministry of Tribal Affairs, the show aims to save ethnic paintings from fading into oblivion and bringing them into the mainstream. Also Read – ‘Playing Jojo was emotionally exhausting’The mobile show earlier travelled to Bangalore, Mumbai, Chennai, Kolkata, Ahmedabad and Hyderabad attracting tremendous response. Among the well-known artists whose works are on display are Nankushia Shyam and Japani, Paresh Rathwa, Rameshwar Munda and Jivya Soma Mashe.‘They vent their creative expressions by sketching on rocks or smearing patterns with cow dung or rice flour on walls. But many such artists never get attention of the world outside and their art dies with them. Our focus is to bring some of these gifted people into the mainstream,’ managing director Jiji Thomson said. Also Read – Leslie doing new comedy special with NetflixTribal art has changed with times. Rice flour, natural dyes and mud wall surfaces – the traditional drawing tools, have given way to paper, canvas, acrylic and waters colours with artists such as Jangarh Singh Shyam and his students opening up to modernism.In the last decade, ethnic has found space in the mainstream because of increased efforts by tribal welfare and culture ministries.The art is much sought in the western markets. According to rough estimates, these artworks sell for Rs 50,000-Rs 2,00,000 though many artists complain of feeling short-changed because of the sporadic nature of the exhibitions. Companies such as the Kedia group have been bringing tribal art to metropolitan centres and building archives with extensive documentation to preserve the genres under their corporate social responsibility initiatives.The national capital got its first dedicated tribal art gallery, The Must Art Gallery, last year.The gallery, owned by Tulika Kedia, hosts solo and group shows by talented but little-known tribal artists from Chhattisgarh and Madhya Pradesh. Kedia has a personal collection of nearly 2,000 ethnic works of art.Also, Bharat Bhavan in Bhopal in Madhya Pradesh, which has a large collection of ethnic art, is building a separate tribal art facility to encourage more artists to come out of their insular aesthetic fold, said an official of the culture ministry, who did not want to be named.last_img read more