Category Archives: pdlhrv


first_img“I know we’re facing competitive challenges from the Dubai World Cup and the Saudi Cup, but I am grateful that The Stronach Group has found a way to keep innovating the Pegasus World Cup Championship Invitational Series. It gives all of us a chance to keep our older, champion horses in training and competition here in the United States, which is great for the sport and for the fans,” said Bob Baffert, who trained Arrogate to win the inaugural Pegasus World Cup Invitational in 2017. “I find it an interesting concept, the Pegasus World Cup Championship Invitational Series with no medication and I’m excited to be part of it,” said Hall of Fame trainer Richard Mandella. Mandella trains Omaha Beach, owned by Fox Hill Farm. It was announced in November that Omaha Beach will retire after the 2020 Pegasus World Cup Invitational.The Pegasus World Cup Invitational will be run on the dirt at 1 1/8 miles and will offer a $3 million total purse with 2 percent of the purse donated to Thoroughbred aftercare. The Pegasus World Cup Turf Invitational will be run on the turf at 1 3/16 miles and will offer a $1 million purse with 2 percent of that purse also donated to Thoroughbred Aftercare. The $4 million total purse contribution is entirely provided by The Stronach Group.In addition to the sponsorship of the 2020 Pegasus World Cup Championship Invitational Series, and the sponsorship of the Runhappy Malibu Stakes (G1) taking place on Opening Day at Santa Anita Park on December 26, Team Runhappy and The Stronach Group will work together to further invest in and promote North American Thoroughbred racing in California, Florida and Maryland by rolling out the Runhappy Matchmaker Series. The Runhappy Matchmaker Series will feature a prestigious race at The Stronach Group owned Gulfstream Park (Florida), Santa Anita Park (California) and Pimlico Race Course (Maryland) with the winner of each race in the series receiving a free breeding, valued at over $25,000, to the great Runhappy at Claiborne Farm.The 2020 Pegasus World Cup Championship Invitational Series presented by Runhappy will be broadcast live on NBC from 4:30-6:00pm EST on Saturday, January 25.Tickets are available online at, or by calling the Pegasus World Cup box office at Gulfstream Park at 1-833-464-7924 between 9 a.m. and 6 p.m. daily. Tickets range from $49 to $1000+ per person and offer something for every race-day enthusiast and entertainment seeker. New ticket options for this year’s Pegasus World Cup Championship Invitational Series include an Early Bird Classic General Admission for $49+ if purchased before December 25 and General Admission for children 12 and under for $ is proud to be the official online betting platform of the Pegasus World Cup Championship Invitational Series.Follow all of the news and excitement of the 2020 Pegasus World Cup Championship Invitational Series presented by Runhappy on Twitter and Instagram @PegasusWorldCup and on Facebook at Pegasus World Cup. RUNHAPPY’S LEGACY TO BE CELEBRATED WITH A NEW SERIES AT STRONACH GROUP TRACKS ACROSS THE COUNTRYHALLANDALE BEACH, FL – December 21, 2019 – The Stronach Group announced today that it has secured Runhappy as the presenting sponsor for the 2020 Pegasus World Cup Championship Invitational Series taking place on January 25 at Gulfstream Park.On December 14, the Pegasus World Cup Championship Invitational Series introduced a new era in the sport of Thoroughbred racing in North America with the announcement that the Pegasus World Cup Invitational (G1) and the Pegasus World Cup Turf Invitational (G1) stakes races will be run medication-free, providing a new and lucrative opportunity for horse owners to showcase their equine athletes by competing free of any medications on race day.In 2015, Runhappy, an American Thoroughbred race horse, won six consecutive races including the King’s Bishop Stakes, the Phoenix Stakes, the Breeders’ Cup Sprint and the Malibu Stakes without use of the common race day medication, Lasix. He was later named as the 2015 American Champion Sprint Horse and retired with seven wins in 10 lifetime starts, earning close to $1.5 million having never raced on medication. He has been retired to stud at the legendary Claiborne Farm in Paris, Kentucky and occupies the same stall as the great Secretariat. Runhappy’s first foals will be 2 year-olds of 2020 and will make their racing debut next year.“We are thrilled to have Runhappy as the presenting sponsor for the 2020 Pegasus World Cup Championship Invitational Series,” said Craig Fravel, Chief Executive Officer, Racing, The Stronach Group. “The legacy of Runhappy coupled with this year’s medication-free platform is a fitting partnership as we set a new competitive standard while featuring the finest Thoroughbreds in our game.”“Team Runhappy is proud to be the presenting sponsor for the Pegasus World Cup Championship Invitational Series,” said Jim McIngvale, owner of Runhappy. “The Pegasus World Cup Invitational and the Pegasus World Cup Turf Invitational have become highlights on the racing calendar and to be the presenting sponsor for the 2020 medication-free stakes races is the perfect partnership for us as we honor the great Runhappy.”This year’s medication-free format for both the Pegasus World Cup Invitational and Pegasus World Cup Turf Invitational is consistent with the International Federation of Horse Racing Authorities (IFHA) standards and will go one step further by giving back two-percent of the purse winnings to Thoroughbred aftercare.last_img read more

Fabio Fognini wins fifth ATP title in Gstaad

first_imgLATEST STORIES End of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legend Kawhi Leonard, Clippers rally to beat Pelicans All five of his victories have come on clay.Despite losing, 25-year-old Hanfmann, the world number 170, enjoyed the best result of his career this week in reaching the final, having also knocked out third seed Feliciano Lopez of Spain in the second round.FEATURED STORIESSPORTSEnd of his agony? SC rules in favor of Espinosa, orders promoter heirs to pay boxing legendSPORTSRedemption is sweet for Ginebra, Scottie ThompsonSPORTSMayweather beats Pacquiao, Canelo for ‘Fighter of the Decade’ Don’t miss out on the latest news and information. Filipinos turn Taal Volcano ash, plastic trash into bricks PLAY LIST 01:40Filipinos turn Taal Volcano ash, plastic trash into bricks01:32Taal Volcano watch: Island fissures steaming, lake water receding02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite View comments MOST READ Spanish Liga to file complaint vs PSG over Neymar 787 earthquakes recorded in 24 hours due to restive Taal Volcanocenter_img Marcosian mode: Duterte threatens to arrest water execs ‘one night’ Ai-Ai delas Alas on Jiro Manio: ‘Sana pinahalagahan niya ang naitulong ko’ Italy’s Fabio Fognini kisses the sign of Gstadd after winning his final game against Germany’s Yannick Hanfmann at the final of the Swiss Open ATP 250 tennis tournament on July 30, 2017 in Gstaad. / AFP PHOTO / Fabrice COFFRINIFabio Fognini beat Yannick Hanfmann 6-4, 7-5 in the Gstaad ATP tournament final on Sunday to win his fifth tour title.The 31-year-old Italian, ranked 31 in the world, was playing in his 13th ATP final.ADVERTISEMENT Sports Related Videospowered by AdSparcRead Next ‘I’m out!’: PewDiePie releases last video before taking break from YouTube LeBron James scores 31 points, Lakers beat Rockets Indian national gunned down in Camarines Sur McGregor blasts Cerrone in 40 seconds in UFC returnlast_img read more

Rescue Bong County from Ebola!

first_imgSomething alarming is happening in Bong County.  Our Correspondent Marcus Malayea reported yesterday that within one week, 73 new Ebola cases have been turned up there.This is a very serious development demanding the immediate and decisive response by the Ministry of Health and Social Welfare (MoHSW) and the other leading stakeholders including Medecin sans Frontier and the American health and military contingent with the expertise and resources to marshal (organize, assemble) the appropriate and swift intervention required.  It seems to us that there are three types of interventions required right now.  First, we need an intense and comprehensive AWARENESS campaign.  Correspondent Malayea says not only are many Bong people still in denial of Ebola’s existence; but they don’t want to follow the rules.Dr. Sampson Azaokoi, the Chief County Health Officer, told a press conference at Phebe Hospital this week that the rapid spread of the virus is a direct result of the attitude problems on the part of the local residents, who fail to adhere to measures announced by the Health authorities.  Dr. Azakoi referred to “the entrenched culture of silence” in the county, meaning that people are refusing to report or bring their sick relatives and friends to the testing centers.He further lamented that those suspected of the virus or show symptoms “are not prepared to be quarantined, nor are they willing to report to the health facilities for early treatment.”Dr. Azakoi warned that should these negative attitudes of the Bong County people continue, it will lead to “a breakdown of the fabric of the society.”This critical circumstance warrants the direct intervention of the MoHSW Minister, Dr. Walter Gwenigale, who is himself a son of Bong County and knows the culture and language of the people.  Can he assist the Awareness Teams in formulating clear, concise and emphatic messages that the people will understand and accept? Or at least offer some suggestions to the teams as to the manner of approach that will win the people’s confidence and acceptance?A massive awareness promotion campaign seems to be most urgently needed in Bong County at this time.The second intervention urgently needed in Bong is the revamping of the testing and treatment centers in the county.  These centers need more trained staff, equipment, food and water to adequately care for the patients.   The health workers also need more personal protection equipment (PPE).  This will reduce their fear of exposure to the virus.  We recall that Bong’s two major hospitals, Phebe and C.B. Dunbar, were closed for a period because health workers stayed away for fear of contracting the virus and dying as did many of their co-workers.Thirdly, Correspondent Malayea reported that health workers do not believe that the MoHSW  “is doing enough to encourage them to provide services around the country. Yesterday’s editorial tried to address this problem.  But it was pegged to the “go-slow” action by health workers at Island Clinic in Monrovia.  Now the health workers in Bong County are saying the exact same thing: they are not happy.Dr. Gwenigale and his team must find a way to decisively address this burning issue which, it seems to us, is a matter of urgency nationwide.We are faced today with the worst health crisis in our history.  Never before have we seen our people dropping dead in so many places around the country—and it is not getting better yet.  Here now is Bong County in the focus of the crisis.  Now is NOT the time for government and health workers to be quarreling.  No!The GOL alone, of course with the support of the development partners, can resolve this impasse between health workers and their bosses.   We fear that so long as the impasse maintains, so long will our fight against this deadly virus be undermined.  For who can do without the health workers?  We need ALL of them on board.Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)last_img read more

Halfway River First Nation celebrates OGC denial

first_imgThe Halfway River First Nation has a lot to celebrate about today. The Oil and Gas Commission denied the Hunt Oil Company of Canada of an exploratory well permit in the Chowade Valley. OCG commissioner Alex Ferguson issued his written reasons on January 20, explaining he agreed with the First Nation that the land is sacred and special to the Chowade people. – Advertisement – This is the first time the OGC denied an exploratory well permit. Halfway River First Nation is an adherent to Treaty No. 8, a vast treaty that covers all of north-eastern British Columbia. The permit application had been pending since July 2005.Advertisementlast_img

Brentford sign League Two hotshot Hogan

first_img1 Championship newcomers Brentford have bolstered their frontline by signing League Two hotshot Scott Hogan.The 22-year-old hit 19 goals for Rochdale last season, earning himself a place in the division’s team of the year.But Dale were unable to keep hold of their star striker, with Brentford luring him to west London on a three-year deal for an undisclosed fee.The Salford-born ace, who had spent his entire career in the non-League until last season, will now get the chance to test himself in the second tier of English football. Scott Hogan last_img

Neymar ‘not yet 100%’ but ready to play for Brazil

first_img0Shares0000Neymar hasn’t played a game since fracturing a bone in his right foot on February 25 © AFP/File / Mauro PIMENTELRIO DE JANEIRO, Brazil, May 27 – Neymar acknowledged on Sunday that he was “not yet at 100 percent” after surgery on his fractured right foot, but the Brazil forward said he was ready to play for his country at the World Cup.“I’m not yet at 100 percent. That will come with time. I’m still a bit scared of going all out, but there are still several days before our start,” the Paris Saint-Germain star told reporters at Brazilian football headquarters in Rio de Janeiro. “It’s going to take a bit more time for this fear to go away, but I’m ready to play. Nothing can stop me from doing so,” Neymar added, hours before a planned flight to London where the team will continue their World Cup preparations.The world’s most expensive player hasn’t played since hurting himself in a French league game against Marseille on February 25, but Neymar has been training for the past 10 days and took part in a national team preparation camp this week in Teresopolis.“I feel good physically. My foot is fine. Of course I have to adjust to certain things. I’m feeling a bit of discomfort but it’s not going to stop me from playing,” he said.The 26-year-old also reflected on what was a frustrating 2014 World Cup experience on home soil, as a back injury ruled him out of Brazil’s humiliating 7-1 loss to Germany in the semi-finals.“It’s a dream to play in another World Cup, a dream which I hope won’t be interrupted again,” he said.Brazil will play two warm-up matches before travelling to Russia, with a friendly against Croatia at Anfield on June 3 before a trip to Vienna to face Austria on June 10.The five-time world champions play their opening match in Group E against Switzerland on June 17 in Rostov-on-Don. Brazil then face Costa Rica on June 22 in Saint Petersburg and Serbia in Moscow on June 27.0Shares0000(Visited 1 times, 1 visits today)last_img read more

Trojans don’t warrant caution

first_img But I was convinced long ago that the Trojans’ offense is as good as it looked while ringing up 45 points over the final 35 minutes in Autzen Stadium. Saying “never’ in sports is foolhardy which is why I can envision the Trojans losing a game this season. But whoever knocks them off is going to have to keep the Trojans from scoring a bunch of points (a near-impossible endeavor, barring injury to prime personnel or three or four key turnovers) or at least score a bigger bunch of points than the Trojans do. The prospects of someone doing the latter doesn’t seem as likely, based upon what USC’s defense did to a very good offense, in hostile surroundings, Saturday. More college football It resulted in at least a couple of cautionary columns, one in a Southern California newspaper and another on a national Internet Web site, but there wasn’t much about the performance of the USC football team in its 45-13 victory in Eugene, Ore., Saturday that made me think: “This team is going down, and soon!” Sure, the offense was a bit wobbly for a about a quarter and a half as the Trojans fell behind Oregon, 13-0. But the defense, the supposed potential Achilles heel in the program’s hopes for a third consecutive national title, was stifling after the 36-yard touchdown pass over the head of a relative greenhorn (John Walker) starting his first game at cornerback. I’m not convinced the defense, a shell of what it was last season (at least personnel wise), is as good as it played against a very good Ducks’ offense Saturday. center_img If someone had suggested a month ago that I was going to spend more than three hours watching the Purdue-Minnesota game Saturday, I might have answered “Hey, my life is not that sorry!” But it was thoroughly entertaining, and the Gophers look like they might duke it out with Michigan State for the right to play USC in the Rose Bowl game. Uh … on second thought … I guess we’re more apt to see the Trojans take on Texas, Virginia Tech or Florida State in the BCS title game. As you are beginning to understand, I don’t have much faith in any of USC’s next eight opponents’ chances of keeping the Trojans out of Pasadena on Jan. 4. South Florida’s 45-14 victory over then-No. 9-ranked Louisville Saturday easily qualified as the “You’ve got to be freakin’ kidding me!” score of the weekend. Mind-boggling stat of the weekend: Michigan State’s offense had 30 gains of 10 or more yards in the 61-14 victory at Illinois. H.S. gridders A year from now, if all goes to plan, he’ll be representing the 5th District on the Long Beach City Council. For the time being, though, David Radford is the newest inductee into the Millikan High Hall of Fame. Radford, the Rams’ head football coach during the 1985-90 seasons, was honored at halftime of Millikan’s eventual 30-23 loss to visiting Downey Friday night. Radford has also had coaching and teaching stops at Poly (1964-68), Long Beach State (1969-70), Jordan (1971-76) and St. Anthony (1991-95) to go along with his 13-year stint at Millikan, where he also served as Dick DeHaven’s assistant for eight years. He’s strictly a football observer now, but the soon-to-be 67-year-old (in December) isn’t inflicted with any loss of energy or ambition. He’s an associate athletic director at Hope International University in Fullerton, where he oversees a tennis program that he thinks has a chance to make a splash on the NAIA scene this season, and is now dipping his toe into the political waters. “I taught government forever, and my pulse is in the 5th District,” he said. “The people in the district know me, and I feel like I’m in a good place with my life now.” So, why not? His motto? “Common sense for the common good,” he said. It sounds logical to me. Basketball stuff The UCLA Bruins will host what promises to be one of the most tantalizing nonconference games of the 2006-07 season. On Dec. 23 of next year, the Ohio State Buckeyes expected to be led by Greg Oden will visit Pauley for the first of a two-game series that was agreed upon recently. CBS will nationally broadcast both games (the return match will be in Columbus in December of 2007). Oden is a 7-footer at Lawrence North High in Indianapolis and is projected as the No. 1 pick in the 2007 NBA draft, assuming he’s ready to call it a college career after just one season with the Buckeyes. Ohio State is also expected to sign two other likely McDonald’s All-Americans in November in Oden’s high school teammate, 6-1 Mike Conley, and 6-4 Daequan Cook (Dayton Dunbar). “Hoops for Hope” proved to be an entertaining Sunday night of basketball at Ocean View High. Organized by Steve and Meg King of Huntington Beach, the parents of Mater Dei standout junior Taylor King, the game was played to benefit some of those displaced from their Gulf Coast homes by Hurricane Katrina. The “Black” team knocked off the “White’, 136-123, in a game in which, as is usually the case, “defense’ was defined by a few spectacular shots (most of those by 6-9 Alex Stepheson of Harvard-Westlake while playing for the Black) or steals (a few of those by Brandon Jennings of Dominguez, also on the Black squad). Chase Budinger, a 6-7 forward at La Costa Canyon High in Carlsbad who committed to Arizona on Aug. 17, had a game-high 32 points while missing on just 3-of-18 shots from the floor for the Black. Stepheson, who visited Connecticut over the weekend and is also considering North Carolina, Georgia Tech, Washington and UCLA, had 23 points on 10 field goals eight of which were dunks. Malik Story, a sophomore from Artesia, added 16 points while hitting four 3’s for the Black. Forward Matt Shaw (Fairfax) led the White with 25 points, while James Keefe of Santa Margarita (who will sign with UCLA in November), and Patrick Christopher of Dominguez (who re-confirmed his commitment to sign with Cal), added 19 and 16 points, respectively. Deon Thompson, a 6-8 center at Torrance who is considering signing with UCLA, North Carolina, Kentucky, Gonzaga or Connecticut, had seven points for the White. But he looked very polished during the four or five times the ball was actually passed to him in the low post. USC, which got a commitment from Daniel Hackett, a 6-4 junior at St. John Bosco whose father, Rudy Hackett, is now a Trojans’ assistant for Tim Floyd, last week, got another commitment from an underclassmen when Story said he plans to eventually (in November of 2007) sign with USC. The 6-5 Story and Hackett are teammates on Pat Barrett’s Southern California All-Stars team, which also includes Taylor King, Brandon Jennings and Chase Budinger, among others. Ken Story, the father of the Artesia sophomore, said Sunday night that neither he nor his son has been questioned by anyone from the ABC Unified School District concerning its investigation into possible CIF rules violations by the school’s basketball program. Ken Story also said that Artesia coach and athletic director Scott Pera, placed on administrative leave by the school district during the investigation, hasn’t been allowed to speak to his players or the players’ parents since classes started several weeks ago. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Add NoSQL Capabilities to MySQL With the HandlerSocket Plugin

first_imgTags:#cloud#news#Products 8 Best WordPress Hosting Solutions on the Market Why Tech Companies Need Simpler Terms of Servic… Do you want to get the performance of a NoSQL database, but need to use MySQL (or the MySQL fork Percona Server)? DeNA developer Akira Higuchis’s HandlerSocket plugin adds NoSQL functionality to MySQL for handling tasks such as primary key lookups without caching. HandlerSocket runs as a daemon within MySQL mysqld process to simple CRUD operations on tables. It’s available for Linux-based installations of MySQL and is now included in Percona Server 5.1.52-12.3.According to a blog post by DeNA developer (and former MySQL/Oracle employe) Yoshinori Matsunobu, HandlerSocket has the following advantages:Supporting lots of query patternsCan handle lots of concurrent connectionsExtremely high performanceNo duplicate cacheNo data inconsistencyCrash-safeSQL can be used from mysql clientsAll operational benefits from MySQLNo need to modify/rebuild MySQLIndependent from storage enginesMatsunobu also notes the following disadvantages:Need to learn HandlerSocket APIsNo security featuresNo benefit for HDD bound workloadsThis seems like it could be a real game-changer in the database space as IT and developers wrestle with how to implement not-just-SQL solutions to various problems. klint finleycenter_img Top Reasons to Go With Managed WordPress Hosting A Web Developer’s New Best Friend is the AI Wai… Related Posts last_img read more

Rajinikanth drops more hints on joining politics

first_imgChennai, May 19 (PTI) Dropping what is perhaps his biggest hint so far on joining politics, Tamil superstar Rajinikanth today asked his supporters to be ready for war when it comes, asserting the “system is rotten” and that it needs to be changed.The 67-year-old Rajinikanth, who has a demi-god status among millions of his fans, addressed his supporters in a no less than a vote appeal on the concluding day of his five- day-long meet and greet campaign.The renewed frenzy over whether the star will join politics began earlier this week when he said on the first day of his meeting with fans, held after eight years, that he has no political aspirations, but “If God wills it, I will enter politics tomorrow.” Rajinikanth repeated his thought saying he had no desire to join politics, but if he did, he would show the door to all “money-minded” people.Will he or wont he is the million dollar question in the minds of his fans in Tamil Nadu who believe that Thalaiva, as Rajinikanth is popularly known, is the only one who can effectively fill the political vacuum with stalwarts like late Jayalalithaa and ailing nonagenarian DMK supremo M Karunanidhi out of the picture in the current political scenario in the state.The BJP has been trying to rope in the superstar for its entry into the turbulent Tamil Nadu politics. Recently, BJP national secretary H Raja said Rajinikanth is a “popular” personality and is welcome to join the saffron party.advertisementAddressing his fans, the Kabali star said in olden days the kings did not maintain a massive standing army, but when the situation warranted, all the men in the country would turn up for their motherland.Many of them would be engaged in their daily duties and vocations, besides engaging in sports to keep themselves fit, but when the call of duty came, they would be there, he said. “When a war comes they will come to the rescue of their motherland. I have a profession, work, duty and so do you. Go to your places, do your duty, take care of your vocation. Let us face the war when it comes,” he roared amidst a thundering applause from fans.The actor rued that despite the presence of efficient politicians like M K Stalin and Anbumani Ramadoss, the “system is affected” and that the peoples “thought process” on politics and democracy has to be changed.”The system is rotten. We should change the system.” While the system was “affected,” peoples thought process on policy and democracy had changed and this needs to be addressed by one and all, he said.”Yes, there are people (like) M K Stalin who is a very efficient administrator. Cho (S Ramasamy) Sir used to often say that Stalin will perform very well if he is given a free hand.””Anbumani Ramadoss is a very educated, knowledgeable modern thinker and has good plans,” he said. -Not an outsider- —————–Shooting down the outsider tag, Rajinikanth, a man of Marathi roots and a native of Karnataka, proclaimed himself to be a true-blue Tamilian despite his origins from Karnataka. “Even though I am from Karnataka, still you have accepted me and you have made me into a Tamil. I am a pure Tamil now.”On the issue of many of his critics pointing out his non-Tamil origin, Rajinikanth said his native place was a village in Krishnagiri district in Tamil Nadu.”Naan pachai Tamizhan (I am a pure Tamil)….if you ask me to get out and throw me away, I will land only in the Himalayas (which he frequents) and not in any other state,” he said.Questions were often raised “if Rajinikanth is a Tamil,” he added.”I am 67 years old. For 23 years I was in Karnataka and 44 in Tamil Nadu. I grew up with you. I may have come here as a Kannadiga or Marathi from Karnataka but you gave me love, support, name, fame and prosperity and you have made me a Tamil,” he said amidst loud cheers from his fans. The actors roots are often a focal point of discussion in various circles and they come to the fore when the Cauvery dispute between Karnataka and Tamil Nadu peaks.He praised Thol.Thirumavalavan for taking up the Dalit cause and also lauded Naam Tamizhar Katchi leader Seeman.”They all are there.. but the system is affected, no?” he asked.Noting that his statements and remarks created a controversy, Rajinikanth said he had not expected his recent comments on politics to become such a hot topic of discussion.advertisementReferring to the opposition to him from some quarters, especially in the social media, he said one cannot grow without opposition.”Especially in politics, opposition is the investment. Some in social media, Twitter and Facebook criticise me. I dont feel bad about it. It is like fertilizer for a plant,” he added. PTI SA AP APR GSN GSNlast_img read more

Jinhui Shipping Shrinks Loss Disposes of Five Ships

first_imgzoom Supported by an improvement in the dry bulk shipping market, Hong Kong-based Jinhui Shipping and Transportation managed to cut its net loss in the first half of 2017.The company’s net loss for the first half of 2017 shrunk to USD 8.7 million, against a net loss of USD 39.1 million seen a year earlier.Revenue for the first half of 2017 increased 37% to USD 34.3 million, comparing to USD 25 million reported in the same period in 2016.During the first half of the year the company entered into five memorandums of agreement to dispose of four Supramaxes and one Handysize at a total consideration of USD 63 million. By using the net sale proceeds arisen from the disposals for the repayment of the vessel mortgage loans, the group’s overall indebtness had been reduced by around USD 52.3 million.The company’s net loss for the three-month period ended June 30, 2017 stood at USD 784 thousand, compared to a net loss of USD 20.6 million reported in the corresponding period in 2016.Revenue for the second quarter of 2017 increased 26% to USD 18.9 million from USD 15 million seen in the same quarter a year earlier.Dry bulk shipping market has been improving since February 2017 on the back of rising dry seaborne trade volumes which were stimulated by both increasing agriculture products and coal trading activities. Despite the softening of freight rates in May and June 2017, the average of Baltic Dry Index of the second quarter of 2017 was 1,006 points, compared to 610 points in the same quarter in 2016.As of the end of August 2017, the group had twenty three owned vessels which included 2 modern Post- Panamaxes and 21 modern grabs fitted Supramaxes.last_img read more