Mercator Limited Sells Two Panamax Bulkers

first_imgzoom Mumbai-based company Mercator Limited has decided to sell two of its Panamax bulk carriers for a total of USD 13.2 million, according to data provided by VesselsValue.The 2006-built bulkers, with around 82,400 dwt, were sold to an undisclosed Chinese shipowner for USD 6.6 million each.Sri Prem Varsha and Sri Prem Vidya, featuring a length of 229 meters and a width of 32.3 meters, were built by Japan’s shipbuilder Tsuneishi Zosen.With a capacity of 97,000 m3, the vessels’ market value stands at USD 9.2 million a piece, VesselsValue data shows.The 10-year-old bulkers were a part of Merkator Ltd’s fleet of 12 vessels, five of which were bulk carriers.In late September 2016, the company sold its 74,400 dwt Panamax bulker Garv Prem through an auction procedure. VesselsValue informed that the ship, which was laid up since March 2016, was sold for USD 4 million.World Maritime News Stafflast_img read more

Advantage Tankers Linked to FiveShip Purchase

first_imgzoom The Marshall Islands-based holding company Advantage Tankers has allegedly bought five MR1 tankers from Cyprus-based shipping company Interorient, VesselsValue’s data shows.The ships in question are Baltic Marshall, Baltic Merchant, Baltic Ambition, Baltic Faith and Baltic Force. They were reportedly sold in an en bloc transaction for USD 12 million each on May 12.All of the five chemical/product tankers fly the flag of Hong Kong and were built at South Korean Hyundai Mipo shipyard in 2006.With a deadweight of around 37,000 tons, each of the ships has a length of 183 meters and a width of 27 meters.World Maritime News contacted Advantage Tankers and Interorient for more details on the matter, however, the companies are yet to reply.With the newest addition, Advantage Tankers makes an entry into the product tanker segment. Currently, the company has a fleet of eleven tankers comprising five Aframaxes and six Suezmaxes.World Maritime News Stafflast_img read more

dAmico Inks Sale and Leaseback for MR Tanker

first_imgzoom Italy-based shipping company d’Amico International Shipping (DIS) has, through its subsidiary d’Amico Tankers, signed a memorandum of agreement and bareboat charter contract for the sale and leaseback of the MT High Priority.Under the agreement, signed with a company owned by Sole Shipping Special Opportunities Fund II LP, the 46,847 dwt medium range (MR) product tanker would be purchased for a consideration of USD 13 million.d’Amico said that this transaction would generate, net of the reimbursement of the vessel’s existing bank debt, a positive cash effect upon sale of around USD 6.5 million, “contributing to the liquidity required to complete DIS’ fleet renewal program.”Through this transaction d’Amico Tankers will maintain full control of the 2005-built ship, since a 5-year bareboat charter agreement was also concluded with the buyer, with a purchase obligation at the end of the 5th year of the charter period.Furthermore, the company has the option to repurchase the tanker starting from the second anniversary of its sale.DIS’ fleet comprises 55.5 double-hulled product tankers with an average age of about 7.7 years. d’Amico Tankers also has shipbuilding contracts with Hyundai Mipo Dockyard for the construction of six Long Range product tankers with expected delivery between the fourth quarter of 2017 and 2018.last_img read more

NYK Oyak to Build Car Terminal in Turkey

first_imgzoomImage Courtesy: NYK Japanese shipping company Nippon Yusen Kaisha (NYK) has joined forces with Turkish conglomerate Oyak to build and operate a finished-car logistics terminal in Yarimca port near Istanbul.The company signed an agreement with Oyak, the Turkish Armed Forces’ pension fund, in Istanbul on April 5.As informed, the new joint venture will be owned and operated together with Oyak Denizcilik ve Liman İşletmeleri A.Ş. (Oyak Port), a port-management subsidiary of Oyak.“The new joint venture will be positioned to respond to demand in an area where finished-car imports and exports are expected to rise,” NYK said in a statement.The new terminal, which will have a yard area of about 180,000 square meters, will be the first large terminal that is located in the suburbs of Istanbul and dedicated to finished cars, according to NYK.Operations are scheduled to commence in mid-2019.The investment is worth USD 110 million, Reuters reported.last_img read more

Scorpio Bulkers Adds USD 34 Million to Loan Tally

first_imgzoomIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license Monaco-based bulker owner and operator Scorpio Bulkers is pushing ahead with its fleet refinancing efforts having secured a commitment from an unnamed European financial institution for a loan facility of up to USD 34 million. The loan facility will be used to finance up to 62.5 pct of the fair market value of two Kamsarmaxes, SBI Jive and SBI Swing.The loan, which is expected to close within the third quarter of 2018, will be comprised of a term loan up to USD 17 million and a revolver up to USD 17 million, Scorpio said.It a final maturity date of seven years from signing date and bears interest at LIBOR plus a margin of 2.35% per annum.The loan is expected to increase the company’s liquidity by approximately USD 10 million after repayment of the vessels’ existing debt.The latest deal comes just a month after Scorpio received a commitment for a loan facility of up to USD 184 million.The loan, secured from Nordea AB and Skandinaviska Enskilda Banken AB, will be used to finance six Ultramaxes.The company has been on a major capital raising camping over the recent period which also included inking a loan of USD 60 million in July and USD 30 million in June 2018 for vessel refinancing.last_img read more

2003 Grand Pré Prize Recipients

first_imgFilmmaker Paul Emile d’Entremont of Halifax and the musical groupBLOU are joint recipients of the 2003 Grand-Pré Prize awarded bythe Department of Tourism and Culture. They were honoured on Friday, Sept. 5 at an event in Grand-Préand were each presented with $1,000. The biannual award was established by the province in 1987 torecognize the work of Acadian Nova Scotians in the performingarts and film, the visual arts and crafts, and literary arts.This year the prize is being awarded in the category ofperforming arts and/or film. The purpose of the prize is torecognize those artists whose work reflects Acadian culturalvalues and traditions, while demonstrating excellence andoriginality. “I am pleased to extend congratulations to this year’s winnersfor earning this special recognition from their peers and fromthe province of Nova Scotia,” said Tourism and Culture MinisterRodney MacDonald. “It is important that we continue to recognizeartistic achievements within Nova Scotia’s Acadian community.” Paul Emile d’Entremont is a young filmmaker whose work, Seuls,ensemble, produced by the National Film Board in 2000, receivedcritical acclaim. The work also earned him the Linda Joy MediaArts Prize as the most promising new director. It was awarded bythe Director’s Guild of Canada Atlantic Regional Council at the2001 Atlantic Film Festival. Mr. D’Entremont’s recent projectsare documentary work for CBC television, including featureshighlighting the careers of singer Measha Brüggergosman andcellist Denise Djokic. BLOU is one of the most successful and popular Acadian musicalgroups from Nova Scotia. Founded 10 years ago, it has earnedcritical and popular acclaim under the direction of its foundingleader, Patrice Boulianne. The group has won a number of prizes,including the 1999 East Coast Music Award for Best FrancophoneAlbum of the Year. It has performed extensively internationally,having toured in Canada, the United States, South America, theCaribbean, and throughout Europe. It has been among those leadingthe way for music based on Acadian traditions while creating acontemporary and lively sound. Previous Grand-Pré Prize winners include author René LeBlanc forhis novel Derrière les Embruns; University Ste-Anne for itsseries of publications sketching life in Acadian Nova Scotia;singer/songwriter Eric Surette; photographer, Francois Gaudet;artisan, Denise Robicheau for her porcelain angels; writer,Father Amselm Chiasson; filmmaker, Phil Comeau; and visualartists, Denise Comeau and Simone D’Eon.last_img read more

Weekly Traffic Advisories

first_img Local Area Office: 902-667-0366 Fax: 902-667-3424 NEW WORK GUYSBOROUGH COUNTY: Waternish Road Waternish Road, located on the west side of Stillwater, will be closed for bridge repairs from Monday, Aug. 8 to Friday, Aug. 12. Traffic control consist of signs. This is a 24-hour closure except to local traffic. Local Area Office: 902-893-5784 Fax: 902-896-2259 CAPE BRETON REGIONAL MUNICIPALITY: TRUNK 28 Trunk 28 at Arnold’s Brook will be closed to all traffic until Sunday, Aug. 28 to reconstruct the Arnold’s Brook bridge. A posted detour will be available via the Lingan Road. ANTIGONISH COUNTY: Glenroy (Marydale)Bridge The Glenroy (Marydale) Bridge located on the Marydale Caledonia Road in St. Andrews will be closed to traffic from until Monday, Oct. 31 for repairs. A detour is available via the Antigonish/Guysborough Road and the south intersection of Marydale Caledonia Road. CAPE BRETON REGIONAL MUNICIPALITY: Route 223 Route 223 has a partial lane closure for road repairs from Highway 125 westerly for 6.5 kilometres. The work continues until Monday, Oct. 31. Traffic control consists of traffic control persons and a pilot vehicle. Work takes place from 7 a.m. to 7 p.m. Local Area Office: 902-893-5784 Fax: 902-896-2259 HALIFAX REGIONAL MUNICIPALITY: Route 333 Route 333, from Redmonds Road southerly to Paddy’s Head Road, will have intermittent one-lane closures for repaving until Wednesday Aug. 31. Work takes place from 7 a.m. to 7 p.m. COLCHESTER COUNTY: Highway 102 There will be intermittent one-lane closures on two sections of Highway 102 for re-paving until Wednesday, Aug. 31. Section one is on the southbound lane between exits 13A and 12,and section two is on the northbound lane between exits 11 and 12. Traffic control consists of signs. Work takes place from 7 a.m. to 8 p.m. HALIFAX REGIONAL MUNICIPALITY: Old Guysborough Road Old Guysborough Road (Route 212) from Antrim Road, west of Dollar Lake Provincial Park, for 6.7 kilometres to Wyse Road will have a one-lane closure until Monday, Oct. 31. The closure is to allow asphalt and concrete repaving. Traffic control consists of traffic control persons. Work takes place from 7 a.m. to dusk. CUMBERLAND COUNTY: Trunk 6 Trunk 6 will have a one-lane closure from Ripley Road, 10 kilometres easterly toward Pugwash until Friday, Sept. 30. Work takes place from 6:30 a.m. to 7:30 p.m. Local Area Office: 902-625-4200 Fax: 902-625-1946 COLCHESTER COUNTY: Highway 102 Highway 102 between Exit 13A and Highway 104 will have intermittent lane closures on both northbound and southbound lanes until Friday, Sept. 30. Traffic control consists of signs. Work takes place from 7 a.m. to 8 p.m. PICTOU COUNTY: Carmichael Road Toney River Bridge on Carmichael Road is closed until further notice. Traffic control consists of signs. A detour is available on Popular Hill Road and Meadowville Station Road. Local Area Office: 902-893-5784 Fax: 902-896-2259 CAPE BRETON REGIONAL MUNICIPALITY: Barra Strait Bridge The Barra Strait Bridge on Route 223 at Grand Narrows will have intermittent one-lane closures for repairs until Wednesday, Aug. 31. Work takes place from 7 a.m. to 6 p.m. COLCHESTER COUNTY: Highway 104 Highway 104, from the Colchester County line westerly for about 5.4 kilometres, will have a one-lane closure for paving until Monday, Oct. 31. Work will also be carried out on the on- and off-ramps at Exit 18A, east of Kemptown. Work takes place from 6 a.m. to 8 p.m. COLCHESTER COUNTY: Highway 104 Traffic on two sections of the eastbound lanes of Highway 104 will be reduced to one lane between the Crowes Mills Road overpass and Exit 17 near Valley Cross Roads. The lane reduction is necessary for the repaving of these sections and is required until Wednesday, Aug. 31. Work takes place from 6 a.m. to 8 p.m. PICTOU COUNTY: Highway 104 Highway 104 will have a one-lane closure for road work between Exit 27A, at Sutherland’s River, and French River — a distance of about 6.5 kilometres — until Wednesday, Aug. 31. There are two detours available. For the section east of Exit 27 at Sutherland’s River, the alternate is Trunk 4. The detour for the section between Exit 27A and Exit 27 is available via Exit 26 at the Thorburn Road Interchange via Route 347(Sherbrooke Road), Thorburn Road, and Trunk 4. Traffic control consists of traffic control persons.Work takes place from 6:30 a.m. to 8 p.m. Local Area Office: 902-752-7907 902-752-7908 Local Area Office: 902-485-5254 Fax: 902-485-7047 Local Area Office: 902-863-0364 Fax: 902-863-7482 Local Area Office: 902-893-5797 Fax: 902-896-2259 COLCHESTER COUNTY: Trunk 2, Great Village The Highland culvert on Trunk 2 in Great Village is closed for repairs until further notice. A posted detour will be available via Mill Lane and Cross Road. Local Area Office: 902-860-5614 Fax: 902-860-5616 KINGS COUNTY: Route 201 Route 201 in Greenwood will be reduced to one lane for repaving until Monday, Aug. 8. Work takes place from 8:30 a.m. to 4:30 p.m. Local Area Office: 902-893-5797 Fax: 902-896-2259 Local Area Office: 902-825-4827 Fax: 902-825-3593 Local Area Office: 902-893-5797 Fax: 902-896-2259 RICHMOND COUNTY: Arichat There will be intermittent one-lane closures on three sections of road in Arichat for a total of 6.6 kilometres until Friday, Sept. 30. Section one is on Lower Road, from Babin’s Hill to the Petit De Grat intersection; section two is on the various streets connecting Lower Road to High Road including Bay Lane, Benets Lane, Upton Lane, Connies Lane, and Godfreys Lane; and section three is on Service Road, from Evanston Road to the second entrance of the Strait Richmond Hospital. Traffic control consists of traffic control persons and a pilot vehicle. Work takes place from 6 a.m. to 9 p.m. Local area office: 902-863-3420 Fax: 902-863-7365 Local Area Office: 902-563-3377 Fax: 902-563-3379 Local Area Office: 902-883-9789 Fax: 902-883-8732 Local Area Office: 902-755-7060 Fax: 902-755-7049 Local Area Office: 902-533-2771 Fax: 902-533-4352 Local Area Office: 902-543-8169 Fax: 902-543-0686 PICTOU AND COLCHESTER COUNTY: Trunk 4 Trunk 4 from Exit 18A,(near Mount Thom) for eight kilometres easterly, will have a one-lane closure for repairs until Monday, Oct. 31. Traffic control consists of traffic control persons and a pilot vehicle. Work takes place from 7 a.m. to 8 p.m. Local Area Office: 902-424-0054 Fax: 902-883-8732 Local Area Office: 902-893-5780 Fax: 902-893-8175 HALIFAX REGIONAL MUNICIPALITY: Highway 102 Highway 102, from Exit 6 northerly to the Hants County line, including off ramps at Exit 6 and Exit 7, will have a one-lane closure until Monday, Oct. 31. Work takes place from 7 a.m. to 7 p.m.center_img KINGS COUNTY: Old Baxters Mill Bridge Open The Old Baxters Mill bridge near Baxters Harbour in Kings County is open to one-lane traffic. There is a weight restriction for vehicles over 5,000 kilograms. COLCHESTER COUNTY: Lilyvale Bridge Lilyvale Bridge on the Lilyvale Road is closed for repairs until further notice. Traffic control consists of signs. A detour is available on Camden Road and Riversdale Road. PICTOU COUNTY: West River East Side Road The West River East Side Road near Salt Springs is reduced to one lane for repairs until further notice. Traffic control consists of traffic signals. GUYSBOROUGH COUNTY: Molasses Harbour Bridge Molasses Harbour Bridge on Route 316 in Port Felix is reduced to one lane for repairs until Tuesday, Aug. 30. Temporary traffic signals are in place. COLCHESTER COUNTY: Vernon Bridge Vernon Bridge in Murray Siding is closed until Thursday, Sept. 1, while a replacement bridge is constructed. The 6.4-kilometre detour follows:Easterly from Old Courthouse Branch along Salmon River Road to Valley Road for 2.4 kilometres, then southerly along Valley Road to Valleydale Road for half a kilometre, then westerly along Valleydale Road to Greenfield Road for 2.7 kilometres and northerly along Greenfield Road to East Prince Street for about 0.8 kilometres. HANTS COUNTY: Route 215 Route 215 will have a one-lane closure for road work from the intersection of Route 354 in Noel, westerly to the end of Moose Brook. Traffic control consists of traffic control persons. Motorists are advised to expect delays. Work takes place from 7 a.m. to dusk until Monday, Oct. 31. HALIFAX REGIONAL MUNICIPALITY: Halifax International Airport Underpass Structure The Halifax International Airport underpass structure at Exit 6 on Highway 102 will be reduced to one lane for repairs until Monday, Aug. 8. Traffic control consists of barricades. Work takes place from 7 a.m. to 7 p.m. HALIFAX REGIONAL MUNICIPALITY: Highway 103 Work is continuing on the Highway 103 twinning project between Exit 4 at Hubley and Exit 5 at Tantallon. Traffic control will consist of signs and traffic control persons. Work in the area is expected to continue until the fall. Local Area Office: 902-825-4827 Fax: 902-825-3593 Local Area Office: 902-756-2697 Fax: 902-756-3458 HALIFAX REGIONAL MUNICIPALITY: Highway 118 Highway 118 northbound at the Portobello Road overpass will have partial lane closures for repairs until Friday, Sept. 30. Traffic control consists of flashing lights and jersey barriers. Work takes place from 7 a.m. to 7 p.m. Local Area Office: 902-863-3420 Fax: 902-863-7365 HANTS COUNTY: Highway 102 Highway 102 will be reduced to one lane from 0.06 kilometres south of the Exit 10 overpass structure southbound to about 0.08 kilometres north of Exit 9 overpass structure, including ramps at Exit 10, for asphalt concrete patching and repaving until Wednesday, Aug. 31. Work takes place from 7 a.m. to 8 p.m. Local Area Office: 902-893-5797 Fax: 902-896-2259 Local Area Office: 902-563-2526 Fax: 902-563-2517 Local Area Office: 902-667-0366 Fax: 902-667-3424 HALIFAX REGIONAL MUNICIPALITY: Route 306 – Old Sambro Road There will be a one-lane closure from Lieblin Drive south to Acre Road for repairs until Friday, Aug. 12. Work takes place from 6 a.m. to 7 p.m. Local Area Office: 902-825-4827 Fax: 902-825-3593 CUMBERLAND COUNTY: Route 209 Route 209 will have a one-lane closure from North Greville Road, six kilometres easterly toward Parrsboro, until Wednesday, Aug. 31. Work takes place from 6:30 a.m. to 7:30 p.m. GUYSBOROUGH COUNTY: Trunk 16 There will be intermittent one-lane closures between Guysborough and Halfway Cove for asphalt paving until Friday, Sept. 30. Work takes place from 6 a.m. to 8 p.m. Local Area Office: 902-424-4409 Fax: 902-424-7116 HANTS COUNTY: Barneys Brook Bridge Trunk 2, at Barneys Brook Bridge, has a one-lane closure for removal of exiting structure. A temporary bridge is in place. Work continues until Tuesday, Aug. 30. A detour route is available via Highway 102 from Exit 3 to Exit 9. Work takes place from 7 a.m. to 7 p.m. LUNENBURG COUNTY: Route 208 Route 208, from Zwicker Mill Road in New Germany westerly to Upper Branch Road in Hemford, will have alternating lane closures for repaving until Sunday, Aug. 14. Work takes place from 6 a.m. to 8 p.m. Traffic control consists of signs and a pilot vehicle. Local Area Office: 902-543-7376 Fax: 902-543-5596 Local Area Office: 902-424-4670 Fax: 902-424-7116 LUNENBURG COUNTY: Sperry Bridge No. 2 Motorists are advised that Sperry Bridge No. 2 on Petite Riviere Road is closed until further notice. Detours are posted. HALIFAX REGIONAL MUNICIPALITY: Burnside Drive The Burnside Drive underpass structure on Highway 111 will have periodic lane closures for repairs until Tuesday, Aug. 30. Traffic control consists of flashing lights and barrels. Speed will be reduced to 60 kilometres on Highway 111. Work takes place between 7 a.m. and 7 p.m. KINGS COUNTY: Highway 101 Highway 101, from 1.5 kilometres west of Exit 16 to 0.3 kilometres west of Exit 17E, will have a one-lane closure for repairs until Wednesday, Aug. 31. Work takes place from 6 a.m. to 8 p.m. Local Area Office: 902-860-5614 Fax: 902-860-5616 Local Area Office: 902-424-0054 Fax: 902-883-8732 Local Area Office: 902-883-9789 Fax: 902-883-8732 Local Area Office: 902-424-4670 Fax: 902-424-7116 CONTINUING WORK ANNAPOLIS COUNTY: Highway 101 Highway 101, from three kilometres west of Exit 17W to the overpass at Route 362, will have a one-lane closure for repairs until Wednesday, Aug. 31. Work takes place from 6 a.m. to 8 p.m. Local Area Office: 902-835-2702 Fax: 902-835-1860 Local Area Office: 902-679-4308 Fax: 902-679-6124 Local Area Office: 902-860-5614 Fax: 902-860-5616 -30-last_img read more

NSLC Releases Second Quarter Results

first_imgThe Nova Scotia Liquor Corporation (NSLC) today, Dec. 15, recorded earnings of $54.8 million on net sales of $137.9 million for the second quarter of 2005 (July 3 to Oct. 1). That marked an increase of 8.9 per cent compared to the same quarter in 2004. A detailed news release on the second quarter results can be found by following the About NSLC and Corporate News links on the NSLC website at www.thenslc.com . -30-last_img

Aquaculture Harvest Festival Celebrates in Mabou

first_imgNova Scotia’s aquaculture industry will be celebrated on Saturday, Sept. 30, during the Aquaculture Harvest Festival in Mabou, Inverness Co. “Each fall we host a festival in one of Nova Scotia’s coastal regions where aquaculture operations are taking place or have the potential to be developed,” said Fisheries and Aquaculture Minister Ron Chisholm. “This year we have chosen Mabou because of recent activity in establishing oyster operations.” There are four oyster farms in Mabou Harbour and many productive mussel, trout and oyster operations on Cape Breton Island. Nova Scotia’s aquaculture industry was valued at $44 million in 2005. To recognize the aquaculture industry, festival organizers have arranged for free seafood samples, a touch tank and face painting for the children, and entertainment by local musicians. Mr. Chisholm will present a $1000 bursary to Dalbrae Academy to be awarded to a graduating student who is pursuing post-secondary studies in aquaculture or in an aquaculture-related field. The festival takes place from 1 p.m. to 4 p.m. at the Mabou Community Hall on Main Street. Admission to the festival is free.last_img read more

Farmers Receive 97Million Investment from Province

first_imgNova Scotia farmers will get a boost from a three-point plan designed to reward sound business planning and help with debt reduction. The $9.7-million investment was announced today, Dec. 1, by Brooke Taylor, Minister of Agriculture, at the Nova Scotia Federation of Agriculture’s annual meeting in Truro. “This investment is good for farmers, the agriculture industry and taxpayers,” said Mr. Taylor. “We must position our industry to become more competitive and sustainable.” The investment has three elements, the Strategic Infrastructure Investment Fund, debt relief and income support. The investment fund will offer $1.5 million, over four years, beginning April 1, 2007, for projects with a strong business case. “We are looking for projects that inspire growth,” Mr. Taylor said. “This investment is extremely important as it will provide for projects which will affect real change in a positive way for the industry.” The debt relief segment will also begin in April of 2007, with $6.2 million available to retire producer debt under the ruminant loan support program and the Pork Nova Scotia loan program. To be eligible, applicants must complete a business planning process that points to profitability; move to a new business model or product; have a succession plan; or an exit plan. For the direct income support segment for non-supply managed producers, payments will be based on 10 per cent increase of the reference margin used to calculate the 2003 Canadian Agricultural Income Stabilization program payments. The maximum funding for this program is $2 million. Payments will be calculated and forwarded as soon as possible. No application is necessary. “There is a strong transition and business planning theme, and this is absolutely critical,” Mr. Taylor said. “If we are to move forward as business enterprises, and as an industry, we must show that public money is invested wisely, with a view to a more positive future. By doing so, we will maintain the strong public support that agriculture so rightfully deserves.” Many sectors of Nova Scotia’s farming community are experiencing a farm income crisis. This is particularly true of smaller family farms that do not have the production capacity or financial capacity to pursue changing retail and food service markets. For sectors such as pork, Nova Scotia is a high cost production area in a North American commodity market at a low point in the price cycle. “Together, these initiatives total $9.7 million — one of the most significant financial commitments this government has invested in agriculture,” said Mr. Taylor. A strong, healthy, progressive agriculture industry is essential to a strong, healthy and progressive Nova Scotia, he said. For more information, visit www.gov.ns.ca/nsaf .last_img read more

Tall Ships Leave Economic Impact in Wake

first_imgTall Ships Nova Scotia Festival 2007 generated $27.5 million in economic benefits for the province, according to a recent economic analysis. “Tall Ship events create a significant economic impact for the province, which benefits all Nova Scotians,” said Economic Development Minister Angus MacIsaac. “Tall Ships is a great provincial event, and every port offers a different experience for Nova Scotians and their families.” Waterfront Development Corporation Limited (WDCL), a provincial Crown corporation, produced the family-friendly, waterfront event that was hosted in Halifax, Lunenburg, Shelburne, Yarmouth, Port Hawkesbury, Louisbourg, Sydney and Pictou, over 10 days in the summer. More than 600,000 people visited the ships during the festival, with more than 60,000 people from outside the province participating. “The Tall Ships festival embodies Nova Scotia’s rich marine heritage and offers unique experiences that make visitors feel connected to our province,” said Bill Dooks, Minister of Tourism, Culture and Heritage. “It’s one of many events that contribute significantly to the province’s economy and helps our tourism operators continue to grow their businesses.” An independent survey conducted at each port showed that 98 per cent of the people who attended Tall Ships events were satisfied. “WDCL is pleased to create signature events for waterfronts across the province, through the Tall Ships Nova Scotia festival,” said Eric Thomson, chair, Waterfront Development Corporation. “Each experience is as unique as each ship, its captain and crew.” Funding from all three levels of government, corporate sponsors and the sale of boarding passes, merchandise and entertainment tickets each cover about one-third of the cost of the event. The shared funding is possible because of the economic benefits to Nova Scotians, a solid return on government investment and the opportunity for exposure to a large audience for sponsors.last_img read more

Mehbooba Mufti welcomes Pak PMs call to Modi

first_imgSrinagar: Former Jammu and Kashmir chief minister Mehbooba Mufti Sunday welcomed Pakistan Prime Minister Imran Khan’s call to his Indian counterpart Narendra Modi, saying dialogue is the only way forward to resolve issues between the two countries. The Ministry of External Affairs (MEA) said Khan had called up Modi to congratulate him on his re-election. “Welcome step. For what it’s worth, dialogue is the only way forward to resolve longstanding issues between India & Pak,” Mehbooba wrote on Twitter. In their first telephonic conversation after the Balakot air strike, Modi told Khan that creating trust and an environment free of violence and terrorism was essential for fostering cooperation for peace, progress and prosperity in the region, the MEA said.last_img read more

Trump unhappy with special counsels comments on obstruction

first_imgWashington: President Donald Trump angrily assailed special counsel Robert Mueller’s motives on Thursday, a day after Mueller bluntly rebuffed Trump’s repeated claims that the Russia investigation had cleared him of obstructing justice. The president also offered mixed messages on Russia’s efforts to help him defeat Democrat Hillary Clinton in the 2016 campaign. Early in the day, Trump tweeted he had “nothing to do with Russia helping me get elected.” That was the first time he seemed to acknowledge that Russia tried to help his campaign. Also Read – ‘Hong Kong won’t rule out Chinese help over protests’ Then on the White House South Lawn, Trump told reporters: “Russia did not help me get elected. You know who got me elected? You know who got me elected? I got me elected. Russia didn’t help me at all.” Mueller’s report said Russia interfered in the election in hopes of getting Trump elected, but his findings and intelligence officials have stopped short of saying the efforts contributed to Trump’s victory. Trump’s 20-minute eruption underscored that he remains deeply distressed over the probe that has shadowed his presidency for nearly two years, even after Mueller announced his resignation and the closure of his office. Democrats are mulling the possibility of impeachment proceedings. Also Read – Pak Army chief accompanies Imran at key meetings in China Trump insisted that he’s been tough on Russia and that Moscow would have preferred Clinton as president. But that’s not what Russian President Vladimir Putin has said. When asked last year in Helsinki whether he wanted Trump to become president, Putin replied: “Yes, I did.” On Wednesday, Mueller, in his first public remarks on the Russia investigation, pointedly rejected Trump’s claims repeated almost daily that the special counsel’s investigation cleared him of criminal activity and was a “witch hunt.” Mueller emphasised that he had not exonerated Trump on the question of whether he obstructed justice, but said charging Trump with any crime was “not an option” because of Justice Department rules. “If we had had confidence that the president clearly did not commit a crime, we would have said so,” Mueller declared. Attorney General William Barr, however, said Mueller could have reached a decision on whether Trump obstructed justice. Barr said in an interview with “CBS This Morning” that though Justice Department rules prevent the indictment of a sitting president, Mueller nonetheless could have decided whether Trump had committed a crime. Trump repeated his baseless claims that Mueller is “conflicted,” contending that Mueller, who served as FBI director under President George W. Bush, wanted his old job back, but that he had told him no. He said Mueller, a Republican, was “a true never Trumper” and “didn’t get a job that he wanted very badly.” Mueller had been considered for the FBI director position shortly before being named as special counsel. But then-White House chief strategist Steve Bannon has said that while the White House had invited Mueller to speak to the president about the FBI and thought about asking him to become director again, Mueller did not come in looking for a job. Trump also said Mueller should have investigated law enforcement officials who the president claims tried to undermine him. Mueller’s mandate, however, was to investigate Russian election interference, possible coordination with the Trump campaign and any obstruction of that investigation. Among those whom Trump says Mueller should have investigated were members of the special counsel’s own team, including Peter Strzok, a former FBI agent who helped lead the investigation and exchanged anti-Trump text messages during the 2016 election with ex-FBI lawyer Lisa Page. Strzok was removed from Mueller’s investigative team following the discovery of the texts and later was fired from the FBI. Page has left the bureau. Strzok told Congress that there was “no conspiracy” at the FBI to prevent Trump from becoming president. Trump, asked about impeachment by Congress, called it a “dirty word” and said he couldn’t imagine the courts allowing him to be impeached. “I don’t think so because there’s no crime,” he said. Mueller made clear that his team never considered indicting Trump because the Justice Department prohibits the prosecution of a sitting president. He and others have indicated that the next move, if any, is up to Congress, which has the power of impeachment. Trump has blocked House committees’ subpoenas and other efforts to dig into the Trump-Russia issue, insisting Mueller’s report has settled everything.last_img read more

CBI registers case against nine including customs official in gold smuggling case

first_imgKochi: The anti-corruption wing of the CBI here has registered a case against nine people, including a customs official, in connection with a gold smuggling case through the Thiruvananthapuram International Airport.According to the Central Bureau of Investigation, credible information was received by the Anti-Corruption Branch in Kochi that Radhakrishnan, Superintendent, Customs, Air Intelligence, Thiruvananthapuram Airport and eight others entered into a criminal conspiracy and smuggled out gold worth several crores of rupees from April 27 to May 13 this year through the airport. Also Read – Pak activated 20 terror camps & 20 launch pads along LoCIn the FIR filed in the Special CBI Court in Thiruvananthapuram, the CBI said Sunil Kumar and Sareena Shaji in connivance with Radhakrishnan tried to smuggle out 25 kg of gold bars valued more than Rs 8.17 crore through the airport on May 13 without paying any customs duty. They were intercepted by personnel of the Directorate of Revenue Intelligence (DRI), who recovered the gold from Kumar’s possession. The CBI said the other accused persons Vishnu Somasundaram, M Biju, Veneetha Ratnakumari, Abdul Hakkim, Rasheed P K and Prakashan Thampi “played important roles in the conspiracy”. Also Read – Two squadrons which participated in Balakot airstrike awarded citationsThey procured the gold bars at Dubai, transported the same to Thiruvananthapuram through carriers, smuggled the gold out of the airport, sold it through jewellery shops, the CBI added. The CBI alleged the accused persons conspired among themselves and furtherance of the conspiracy smuggled gold bars valued at several crores of rupees, including the gold bars weighing 25 kg seized by DRI on May 13. Their crime constitutes the commission of cognisable offences punishable Indian Penal Code Section 120B read with 420, and Section 7 of Prevention of Corruption Act, 1988 (as amended in 2018). Biju, a lawyer, who is the prime accused in the case, had surrendered before the officials of the Department of Revenue Intelligence (DRI) at its office here on Friday. Earlier, Radhakrishnan was arrested in the state capital for allegedly helping the gold smugglers. The DRI sleuths had arrested him on suspicion that he had a prior knowledge of an attempt by two people from Dubai to smuggle in gold. The two, who arrived here from the Gulf nation earlier this month, were nabbed for an attempt to smuggle in 25 kg gold worth over Rs eight crore. Earlier this week, the DRI had submitted in the Kerala High Court that smuggling of gold into the country was threatening its economic well-being.last_img read more

SAIL capacity to be raised to 50 mtpa in two phases

first_imgNew Delhi: The expansion of SAIL’s production capacity to 50 million tonne per annum (mtpa) will be done in two phases, company’s Chairman Anil Kumar Chaudhary has said. In December 2018, Chaudhary announced an expansion plan for the company. He had said that by 2030-31, the PSU would ramp up production capacity to 50 MTPA from about 21.4 MTPA at present. “The expansion will be in two phases. In the first phase, we intend to reach 35 MTPA by 2025-2026, and the rest 15 MTPA in the second phase will be completed by March 31, 2031,” he said. Also Read – SC declines Oil Min request to stay sharing of documentsHe further said the country needs steel over a period of time and as demand grows the supply grows too. “In steel industry, 100 per cent capacity utilisation takes time. It takes at least three years for the capacity to be ramped up. In first year 50 per cent can be achieved, In second year 70 per cent, In third year 90 per cent and then may be in fourth year you see 100 per cent capacity utilisation,” the chairman said. According to an industry expert, to add 1 million tonne of capacity, it would cost around Rs 6,000 crore. SAIL, under Ministry of Steel, is the country’s largest steel producer. The PSU has set 17.5 million tonne steel production as target for the new financial year. The company produced 16.3 MT of crude steel during 2018-19 financial year, registering a rise of 8 per cent over the previous year.last_img read more

Im daughter of this soil hope to get permanent resident permit Taslima

first_imgNew Delhi: Relieved after getting a one- year extension on her residence permit, Bangladeshi writer Taslima Nasreen has expressed hope that the government will consider giving her either a longer permit or a permanent one as she is the “daughter of this soil” and even her cat is Indian.”India is my home. It would have been better if I did not need to worry every year. There is also the option of issuing residence permit for five or 10 years. I requested former home minister Rajnath Singh ji for this in 2014 as I want to live in India for rest of my life,” she told PTI in an interview. Also Read – Uddhav bats for ‘Sena CM’Nasreen’s residence permit was extended for one year by the Home Ministry on Sunday. She is a citizen of Sweden and has been getting residence permit on a continuous basis since 2004. The 56-year-old writer was last week given a three-month residence permit following which she took to Twitter to request Home Minister Amit Shah to extend it for one year. “I am called a foreigner but I feel like the daughter of this soil. I hope the government will reconsider giving me a permanent or a longer resident permit. I have passed 25 years in exile, still I have to worry every year about the ground beneath my feet. It affects my writing also,” she said. Also Read – Farooq demands unconditional release of all detainees in J&K”I feel Delhi is the only place in the subcontinent where I can live peacefully. I would have been very happy if I could live in East or West Bengal but now it is not possible. Now, I want to live the rest of my life in Delhi. If you don’t consider me Indian, my cat is Indian, who is like my daughter and has been with me for 16 years,” she added. Nasreen said that despite several countries offering her permanent residence, she chose India as she felt a cultural connect here. “My home, my books, my clothes, and my documents everything is here. I don’t have any home somewhere else. I am settled here. Why I should leave India,” she said when asked about the reason for staying in the country. “I am a European citizen but I left Europe and the US to live here. I chose India over all other countries which offered me citizenship or permanent resident permit,” said Nasreen. She feels that India is much more liberal than any other country in the world as far as freedom of speech is concerned. PTIlast_img read more

Goa CM congratulates Modi Shah for bold historic step

first_imgPanaji: Goa Chief Minister Pramod Sawant on Monday congratulated Prime Minister Narendra Modi and Home Minister Amit Shah for their “bold step” to revoke Article 370 and 35A of the Constitution. “A historic decision by Modi Sarkar towards unity, integrity and national sovereignty. I congratulate PM Shri @narendramodi ji & HM Shri AmitShah ji for the bold step #Article370 #35A,” Sawant tweeted. Speaking to reporters, Sawant also called the decision “historic”. When asked if security needed to be beefed up in Goa in view of the development, he said there was no need to increase security arrangements. Sawant also said that the Kashmiri community settled in Goa, many of whom deal in handicraft items, “should be happy with the decisions” taken by the Central government.last_img read more

Son Karans debut makes Sunny Deol emotional

first_imgMumbai: Actor-politician Sunny Deol says it is a very emotional moment for him to watch his son Karan gear up for his Bollywood debut. Sunny, son of veteran actor Dharmendra, entered Bollywood with “Betaab” in 1983. Now, his son is all set to enter the Hindi industry with “Pal Pal Dil Ke Paas”. The teaser of “Pal Pal Dil Ke Paas”, which Sunny has directed, came out on Monday. “It is a very emotional moment for me to see my son Karan make his debut on the big screen,” Sunny said. Also Read – I have personal ambitions now: Priyanka “I hope the audience appreciates him and showers him with the same kind of love that they have given me for so many years,” added the proud father. Set in Himachal Pradesh, “Pal Pal Dil Ke Paas” will tell a love story with essence of finding the emotion for the first time — with all its innocence, doubts and the complexities. Along with Karan, the film will introduce Sahher Bambba. The film is slated to release on September 20.last_img read more

Kohli says blow on thumb not of serious concern should be fine

first_imgPort of Spain: Captain Virat Kohli said the blow to his right thumb during India’s successful run chase against the West Indies in the third ODI here has not resulted in a fracture and he “should be good” to play in the first Test starting on August 22.In the 27th over of India’s run chase, Kohli was hit on the right thumb by a Kemar Roach bouncer. The Indian captain was seen to be having some pain but after being attended to by the physio, he continued batting to lead India to a series-clinching six-wicket win. Also Read – Puducherry on top after 8-wkt win over Chandigarh”I don’t think it’s a fracture otherwise I wouldn’t have continued (batting). It’s just a split of the nail,” Kohli said at the post-match presentation ceremony on Wednesday.Asked about the condition of his thumb at the post-match press conference, he said. “Luckily, it’s not broken. When I got hit I thought it was worse than what it turned out to be. But it’s not broken so I should be good for the first Test.” Kohli hit 114 from 99 balls, his 43rd ODI century and second of the series after the 120 in the second match here, which guided India to a 59-run win under D/L method.India won the three-match ODI series 2-0.The first Test between the two sides begins on August 22 at North Sound.last_img read more

Jio to be in top 100 most valuable global brands in 3

first_imgNew Delhi: Billionaire Mukesh Ambani’s telecom venture Jio will be among the 100 most valuable brands globally within three years, says a report. The ‘Top 100 Most Valuable Global Brands 2019 report’ by communication services provider WPP and market research firm Kantar Millward Brown ranked Amazon the world’s most valuable brand ahead of Apple and Google. While, Life Insurance Corp (LIC) and Tata Consultancy Service (TCS) have entered the list as new entrants. Also Read – Thermal coal import may surpass 200 MT this fiscalJio has been featured in global 100 disruptive power brands. “Jio disrupted the Indian telecom provider category with its deep discount prices for data consumption. It forced competitors to lower their prices and drove category consolidation,” the report said. All telecom consumers not only Jio customers have been benefited from Jio’s action, it added. Stating that meaningful disruption is the key to scalable relevance, the report said Jio “will enter the Top 100 within three years at current growth rate.”last_img read more