BW LPG Cuts Loss Sells VLGC Oldie

first_imgzoom Oslo-listed owner and operator of LPG vessels, BW LPG has reported a loss after tax of USD 7 million in the second quarter of this year, trimming down the corresponding loss of USD 55.6 million from 2016.“The loss of USD 55.6 million in the same quarter last year was mainly due to an impairment charge on vessels and available-for-sale assets of USD 76.4 million while there was no impairment charge in the current quarter,” the company said.EBITDA for the second quarter amounted to USD 39.6 million, down by USD 12.7 million from the same quarter last year mainly due to a decline in LPG spot rates.VLGC rates averaged USD 28.8 per ton on the benchmark Baltic route, nearly halving to USD 21 per ton after starting the quarter at USD 36 per ton. The weakness in freight was driven by worsening arbitrage economics leading to substantial cargo cancellations in the U.S. Gulf Coast and continued above-average fleet growth, the company said.The global VLGC fleet currently stands at 253 ships on the water, with 29 on order. Fourteen ships have been delivered year to date, while three have been committed for scrapping.“Heading into the third quarter, there has been an uptick of fixtures on the long-haul US to Asia route going via the Cape of Good Hope (the longer route) rather than via the Panama Canal. However, this positive development on the distance side of the shipping demand equation is continuing to be partly offset by the adverse impact of U.S. cargo cancellations,” BW LPG explained.In July, BW LPG signed a contract to sell VLGC BW Vision as part of the company’s fleet renewal strategy. The 2001-built vessel is expected to be delivered in September 2017, the company added.As World Maritime News reported, during the same month, BW LPG and Global United Shipping India Private Limited teamed up on the establishment of a joint venture in India, BW Global United LPG India Private Limited.The JV, set to become operational by the end of the year, will own and operate a fleet of VLGCs for the transportation of LPG within Indian waters.last_img read more

Report outlines predictions regarding changes to wildlife in England over the next

first_imgCredit: Wikipedia Explore further A new report released by Natural England outlines what scientists in that country believe will happen to wildlife in England over the coming years as warming takes place. Warmth-loving creatures in the South are expected to thrive while those that prefer the cold, which live mostly at higher elevations or in the North, will likely suffer, the authors of the report suggest. More information: publications.naturalengland.or … ion/4674414199177216 © 2015 Phys.org This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. The report is a collaborative effort between Natural England (a governmental institution set up to study wildlife in the country), University of York, British Trust for Ornithology and the Centre for Ecology and Hydrology and is the largest of its kind ever undertaken. The goal was to try to understand what changes will take place with England’s wildlife in the face of a 2°C rise in global temperatures over the next sixty years.England is uniquely suited to better understanding wildlife changes, regardless of reason, because of its huge civilian reporting system. People all over the country take note of wildlife they see and send it to academic institutions where the information is entered into databases and used to spot changes. The researchers working on the new report were able to use such information regarding 3,000 species, allowing them to see that bees, wasps and ants, for example, were likely to become more common while many birds familiar to those living in the North were likely to be reduced or will disappear altogether. In all the team found that over a quarter of native species were likely to be put at risk, and that just over half of those would be able to find a new place to live in-country that would sustain them.The team also took a closer look at 400 specific species, and then conducted a very extensive study of just 30 species, looking most specifically at possible means of adaptations.By conducting the research and printing the report, Natural England is hoping to identify for the public which species are at risk and whether anything can be done to help them survive, such as opening up new land, or instigating capture and release programs for those that are not able to migrate on their own. The researchers noted also that reducing carbon emissions is still critical to prevent things from growing even worse. Seeking to save Peter Cottontail from extinction Citation: Report outlines predictions regarding changes to wildlife in England over the next half century (2015, July 23) retrieved 18 August 2019 from https://phys.org/news/2015-07-outlines-wildlife-england-century.htmllast_img read more

This Tech Certification Can Keep Your Business Competitive

first_img Disclosure: Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, Entrepreneur may get a small share of the revenue from the sale from our commerce partners. Register Now » Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right. Entrepreneur has an affiliate partnership with StackCommerce so we may get a share of the revenue from your purchase.While it’s common for companies and business owners to ask of nothing but the best from their sales, marketing and product teams, occasionally IT security can fall by the wayside. But investing in IT certification training is especially crucial considering all the security breaches that have occurred over the last year (Yahoo’s and LinkedIn’s hacks resulted in hundreds of millions of compromised accounts).Any company that is serious about preserving its reputation should stay up to date on the latest security measures, and that means ensuring IT teams are up to date with the latest certifications. Granted, trainings can get pricey for companies where certifications are concerned—so for budding entrepreneurs, a good place to start is this affordable CompTIA-IT Certification Career Advancement bundle.This training covers the Network+, Security+, Cloud Essentials, and other industry-recognized certification exams—credentials that serve as proof that you’ve mastered fundamental IT security concepts. Anyone who dives into these methodologies will learn sophisticated methods of IT security, and be able to apply them to safeguard their companies’ resources.In other words, you (and your employees) will get the knowledge you need to succeed in IT security, with the flexibility to fit it into your schedule and learn on your own time.Buy it here and ensure your IT team holds globally recognized, foundational certifications key to the success of any company.Disclosure: This is brought to you by the Entrepreneur Partner Studio. Our goal is to feature products and services that we think you’ll find interesting and useful. If you purchase them, we may get a small share of the revenue from the sale from our commerce partners.Have a deal you want to promote? Contact us here. Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals February 8, 2017 2 min readlast_img read more