Dorian LPG Repays Bridge Loan, Sheds Light on Talks with BW LPG

first_imgU.S.-based gas carrier owner and operator Dorian LPG, which has been under the spotlight after it refused BW LPG’s takeover offer, has completed three financing agreements worth USD 65.1 million.The net proceeds from the batch have been used to refinance the shipowner’s loan facility with DNB Capital LLC. “Dorian LPG is well positioned to perform through the cycle, including upcoming environmental regulations, with a well-capitalized balance sheet and a fleet of modern fuel efficient VLGCs that have delivered premium returns,” John Hadjipateras, Chairman and Chief Executive Officer of Dorian LPG, said.In the latest turn of events, BW LPG has called Dorian to return to the negotiating table saying that a number of the company’s shareholders, other than the BW Group, supported the deal. Hadjipateras explained that these shareholders represent less than 5% of the company’s outstanding shares.“In contrast, our board, whose members are beneficial owners of more than 25% of our outstanding shares, has unanimously concluded that BW LPG’s proposal undervalues Dorian and is not in the best interests of Dorian and its shareholders. To cite a few key financial metrics, the proposed transaction would be dilutive to Dorian’s shareholders’ earnings in 2018, would create a more leveraged enterprise from Dorian’s perspective and fails to recognize that Dorian’s equity contribution to the combined enterprise would exceed 50% of the total, based on 2018 relative EBITDA and existing debt levels,” he said.Commenting on the call to resume talks, Hadjipateras said Dorian never declined to engage with BW LPG. However, the company is more interested in discussing the acquisition of BW LPG’s ECO-ships.“Our board is always open to opportunities that would enhance value for our shareholders and we are in regular communication with them. BW LPG’s wish to have Dorian’s shareholders subsidize its fleet renewal is not a reason compelling enough to divert us from our strategy to serve our own shareholders,” he concluded.last_img

Anna Shkudun adjusts to college game and leadership position as 1st-year grad student

first_img Published on February 1, 2016 at 11:18 pm Contact Chris: [email protected] Related Stories Anna Shkudun rebounds from doubles match loss to propel Syracuse to win against Liberty Facebook Twitter Google+center_img Before the No. 1 doubles match got underway on Sunday against Cornell, Valeria Salazar and Anna Shkudun approached the net for the usual pregame formalities.Shkudun, a first-year graduate student from Energodar, Ukraine, was in constant motion. From the moment she approached the net until she returned to the baseline, Shkudun jostled and bounced, her eyes focused intently on the chair umpire giving his monologue.The contrast between Shkudun and the three players that stood still while she hopped at the net is apparent in more than just a pregame habit. She said she played 10 years on the European pro circuit before her arrival on campus this fall and bolsters far more professional experience than her counterparts and teammates. While on tour she honed a powerful game that catapulted her into the top doubles and singles spots at SU, and a No. 37 NCAA Women’s Division I singles ranking.The heavy pace on Shkudun’s groundstrokes was a key difference in her and Salazar’s win against Cornell, a 7-5 slugfest that clinched the doubles point for SU in dramatic fashion. Shkudun stayed back and used her power to close points and force returns to Salazar at net, one of which Salazar drove for a cross-court winner on match point.“(Anna) has been in those situations,” said head coach Younes Limam after the meet. “She played at a high level before college and she did what she usually did … She played smart.”AdvertisementThis is placeholder textShkudun became the first Syracuse tennis player since 1993 to win the ITA Northeast Indoor Regional this fall, and is off to a 3-0 start in the spring singles season.However, life in college was an adjustment for the former pro.“It was a really big difference in the rhythm of life,” said Shkudun. “At first I struggled to get used to it … but now I’m getting into it, especially with study.”Shkudun found the support she needed to find her comfort zone from her teammates, many of whom are first-year students as well. The common grounds Shkudun and the freshman class share have contributed to a distinct team dynamic.Knutson, another power driven player, takes careful note of Shkudun, drawing insight from her play and strength from her vocal presence on the court.“(Anna) is kind of like a freshman,” said Shkudun’s freshman teammate Gabriela Knutson. “… We have a very similar game … I always try to make use of her energy and bring it to my game.”Shkudun pumped her fist and let out a yell when Salazar’s final slam secured SU the doubles point in front of a Drumlins Country Club crowd that came together in an uproar over the decisive play.The two partners returned to the net for their postgame handshake and hardly had a moment to catch their breath before the rest of their teammates mobbed them at the courtside bench.A moment made possible by Shkudun’s leap of faith into an atmosphere unlike any other she’s played in before.“Maybe I have to go and try something new,” said Shkudun of her thought process before deciding to leave the pro circuit behind. “I’m pretty sure I (made) a good decision.” Commentslast_img


first_imgMadeleine in Donegal, pictured second from left in April 2007. She disappeared in Portugal two weeks later.THE family of missing Madeleine McCann have been told that several suspects will be questioned about her disappearance.Madeleine, whose grandparents and many cousins are from Donegal, disappeared in May 2007 while on holiday with her family in Portugal.She had visited Donegal with her parents just a few weeks beforehand. The BBC says “several suspects” are likely to be questioned in the “very near future” by officers.UK police have already asked Portuguese authorities if they can speak to three people of interest, said the BBC.But the Portuguese now say more than three suspects will be interviewed by their officers.They also said all interviews would be conducted by Portuguese police. British police would be allowed to sit in during the questioning, but they would not be allowed to intervene at any stage, they said. Forensic teams have been examining a section of private scrubland in the Praia da Luz resort for the past week.Nothing has been found so far – and two other searches will begin this week in new areas of interest.  MADELEINE: PORTUGESE POLICE TO QUIZ ‘SEVERAL’ SUSPECTS was last modified: June 8th, 2014 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalmadeleine mccannmissingportugalsearchsuspectslast_img

Giants dismiss general manager Bobby Evans

first_imgSAN FRANCISCO–Giants CEO Larry Baer has promised a significant offseason shake up, but the franchise did not wait until the end of the 2018 season to begin making changes.General manager Bobby Evans has been dismissed from his job and a search will begin for a replacement, according to The San Francisco Chronicle.Evans has spent more than 20 seasons in the organization and was elevated to general manager after the Giants won the 2014 World Series. Evans had one season left on his contract, …last_img

The Future of e-Commerce

first_imgFollow the Puck I’ve been a frontend developer for a decade, working on projects for companies like Macy’s Levi’s Jeans and Philips before I moved over to the marketing department where I’ve been ever since. In my spare time, I participate in professional taco eating competitions. John Demian Nobody can deny the fact that online stores have become a big part of our daily lives. I personally only do groceries shopping in traditional stores and shop online for everything else and by 2021 we will have an estimated of 2.1 billion users worldwide that do the same. With that kind of numbers, you might think there would be a lot of online stores. Well, you would be right! The competition is fierce and with so many competing companies and service provider will try and find every piece of advantage that they can muster. It’s about one of those advantages that I’m going to talk today.Ten years ago getting an online store up an running was far more difficult than it is today. You had to either build a platform from scratch or implement a self-hosted solution like Magento, X-cart or Prestashop. After that you’d have to manage the server, deleting logs, creating backups and always be on the lookout for the next surge of users that will get your site crashing in a matter of minutes.Things have changed a lot from those days and now you have better self-hosted platforms, better and bigger hosting, and you even get E-commerce SaaS providers like Shopify or ZentoShop that will get you started a lot faster.There are huge differences between going for a self-hosted store as opposed to getting a SaaS(software as a service). On one hand, with the self-hosted solutions, you will have the option edit and make it adapt to your product and service, an option that you wouldn’t really get otherwise. This is a huge part of why any technical person might lean towards a self-hosted store but it’s not only cakes and rainbows.As soon as you start looking into an e-commerce platform you’ll realize that it has a lot of dependencies and hosting requirements that you need to consider. And while the platform itself can be cheap, you’ll end up paying thousands of dollars in hosting and setup fees plus paying for an agency or developer to make the necessary updates and changes to your store. You’d think it stops here but it doesn’t. Over the course of a year, you’ll have to make several updates to both the plugins and the platform and you’ll want to make those updates as they are vital to your website’s security.With the e-commerce software as a service (SaaS) providers, things are easier. You get your shop up and running much faster and with almost no initial cost but you will have to pay a monthly fee, plugins are hard to come by and customization is hard but the biggest downside is the scaling issue. Most providers can up your monthly fee in exchange for support for more users but that will work up to a point and then you are on your own.Yet with all the options out there, most online shop owners still have difficulties getting their shop to the next level as without the proper infrastructure to support their shop, their shop will crumble at the slightest increase of traffic.It’s still not enough!The infrastructure behind the stores is one of the most important things to consider when launching your shop. Making sure you won’t have any downtimes is tricky and requires a lot of fidgeting on the server side to ensure your server can and will scale gracefully the next time you have yourself a flash sale and your site gets ‘assaulted’ by customers.Here’s the story of Zalora, one of the biggest fashion stores in Asia employing around 1500 people with a user base of over 20 million users.They have a cool mission statement: “fashion on demand, 24/7 at your doorstep”. Cool, right? But what exactly does that mean from a technical perspective?They have a number of digital outlets through their users can shop, from an online store to mobile apps for both iOS and Android. Those apps and the store need to be in constant communication both with themselves and with the warehouse to make sure all the orders are registered and the stock is updated. That will require a server that can handle thousands of concurrent requests, and if you ever had the unfortunate chance to be on a team that developed a service like that you’ll know that scaling is not easy nor cheap.Stage enter AWSZalora had a growth of about 100% year-to-year in the first 3 years and had to always chase down better hosting, faster loading time and deployments took forever so they decided to move their entire operation to the cloud.They wanted to build on the momentum that they had and having a store hosted on traditional servers would require an effort of biblical proportions.“We outgrew what the server world offered to us and it was the right time for us to switch over to a provider like AWS” — Karthik Subramanian – read more

Pushing 40, Pacquiao still pours it all in training

first_imgHotel management clarifies SEAG footballers’ kikiam breakfast issue View comments SEA Games: Biñan football stadium stands out in preparedness, completion LOOK: Joyce Pring goes public with engagement to Juancho Triviño Lacson: 2019 budget delay due to P75-B House ‘insertion’ The only boxer to own titles in eight weight divisions is turning 40 on Monday.“Before, I train every day; but now as I grow old I need balance. As you grow old, you don’t recover overnight and you have to give yourself time to recover before pushing hard again,” he added.It’s the same method his trainer Buboy Fernandez employed during his July knockout triumph over Lucas Matthysse.“Before we had 120 rounds, sometimes 140 rounds [of sparring] but it’s not necessary [for me],” said Pacquiao who just  had 14 rounds with Australian youngster George Kambosos Jr. last week.But when he does hit the gym, he’s all out.ADVERTISEMENT LATEST STORIES The Fil-Am golf tournament and sports tourism Don’t miss out on the latest news and information. Private companies step in to help SEA Games hostingcenter_img Fernandez, his best friend since childhood, could hardly keep up with Pacquiao during mitts session.“It all about discipline, time management,” said Pacquiao. “It’s going to be me having problems on top of the ring if I don’t push myself to the limit.”Sports Related Videospowered by AdSparcRead Next A punishing three-hour workout was what a visibly buffed Pacquiao dished out a couple of days before flying to General Santos City to resume his training camp there.“We can’t underestimate Broner; we have to make sure the strategy is there and we can execute it accurately,” said Pacquiao.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSUrgent reply from Philippine ‍football chiefPacquiao, already looking sharp and strong five weeks before the Jan. 19 fight in Las Vegas, went full speed at the gym, even doing jump kicks at one point.“That’s always been me. I really push myself to the limit,” said Pacquiao, who is now embracing a new training method that he said is more suited for “an aging boxer.” PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss MOST READ TS Kammuri to enter PAR possibly a day after SEA Games opening When Manny Pacquiao was asked what would be the key to victory over American Adrien Broner, he said “experience, power, speed.”But after he completed a monstrous work out Wednesday night, he might as well add “discipline.”ADVERTISEMENT Is Luis Manzano planning to propose to Jessy Mendiola? SEA Games: Biñan football stadium stands out in preparedness, completionlast_img

French GP: Lewis Hamilton wins to stretch Mercedes’s triumphant run to 10 races

first_imgLewis Hamilton put on a display of domination at the French Grand Prix on Sunday to go 36 points clear in the Formula One world championship and stretch Mercedes’s winning run to 10 races.On a scorchingly hot afternoon in the south of France, Hamilton put the rest of the field in the shade as he led from start to finish to take his fourth win in a row and sixth of the season.The Briton finished 18 seconds ahead of Finnish team mate Valtteri Bottas, who was pushed hard at the end by Ferrari’s Charles Leclerc in a rare moment of tension, as Mercedes celebrated their 50th one-two finish.”We are creating history together and I’m so proud to be part of this team,” said Hamilton, who also won from pole last year at Le Castellet.”It wasn’t easy at all and everything is on the edge. I had quite big blisters on the front two tyres – but this has been the best start of the year.”The five-times world champion now has 79 career wins, 12 short of Michael Schumacher’s all-time record with 13 races remaining this season.He has 187 points to Bottas’s 151. Mercedes have won all eight races this year as well as the last two of 2018.Until the closing laps, the main thrill on Sunday was provided by a marshal who darted across the track to retrieve a broken bollard.Hamilton made a clean start, was 2.3 seconds clear of Bottas after six laps and continued to pull away despite complaining at one point that something had broken on his seat – a gripe undermined by the Briton lapping faster and faster.advertisementMax Verstappen was fourth for Red Bull while Ferrari’s Sebastian Vettel moved up from seventh on the grid to fifth and gained an extra point after pitting on the penultimate lap for fresh tyres to set the fastest lap.”This weekend, the biggest aim was to close the gap as much as possible and we failed,” said Vettel, now 76 points behind Hamilton the equivalent to more than three race wins.”We have to understand why some of the bits we brought didn’t work and hopefully we can try again and the track layout in Austria next week will go our way.”Spaniard Carlos Sainz finished sixth for McLaren ahead of Daniel Ricciardo for Renault, but the Australian was summoned to see stewards after the race.Kimi Raikkonen was eighth for Alfa Romeo with Renault’s Nico Hulkenberg ninth and Lando Norris 10th for McLaren after losing three places on the last lap.Also See:last_img

Video: Crying, Young Arkansas Fan Never Wants To Go To Another Game Because “The Razorbacks Always Lose”

first_imgArkansas basketball fan wearing Razorbacks hats.FAYETTEVILLE, AK – JANUARY 29: Fans of the Arkansas Razorbacks chant during the second half against the Kentucky Wildcats on January 29, 2005 at Bud Walton Arena in Fayetteville, Arkasas. Kentucky defeated Arkansas 68-67. (Photo by Elsa/Getty Images)Arkansas’ three-game losing streak is taking its toll on the fan base, even the younger generations.This week, this video surfaced of a young, crying Arkansas fan saying he never wants to go to another game because “the Razorbacks always lose.”Cheer up, kid. There’s always next week.last_img

Israel accepted into global financial watchdog group

first_imgJERUSALEM — Israel says it has been accepted as a member in a global money laundering and terrorism financing watchdog group.The Financial Action Task Force is an intergovernmental group of some 35 countries based in Paris that sets international standards on terror financing and money laundering.Israel says Monday that its acceptance into the group will allow it to take an active role in global policy-making on the issues.In a statement, the FATF said Israel’s “experience and perspective will make a valuable contribution to our work to prevent the misuse of the financial system.”The group has in the past given Israel’s archenemy Iran ultimatums over terrorism funding, warning of deeper economic isolation if it doesn’t comply.The Associated Presslast_img

Higginbotham Man City did not disrespect Burton after 90 win

first_imgFormer Manchester United defender Danny Higginbotham is certain that Manchester City didn’t disrespect Burton in their Carabao Cup semi-final winPep Guardiola’s side handed Burton a thrashing at the Etihad Stadium with Gabriel Jesus scoring a career-best four goals in a game.Kevin De Bruyne, Oleksandr Zinchenko, Phil Foden, Kyle Walker and Riyad Mahrez all got their names on the scoresheet themselves to hand City a 9-0 aggregate lead.Despite being 4-0 up at half-time, Higginbotham praised City for keeping up the tempo as they added another five goals before the final whistle.“I’ve been on the wrong end of some severe scorelines and it’s horrible,” Higginbotham told Sky Sports.“But what’s worse is if you get a team that get to four or five and then stop. It’s unprofessional.Premier LeaguePremier League Betting: Match-day 5 Stuart Heath – September 14, 2019 Going into the Premier League’s match-day five with a gap already beginning to form at the top of the league. We will take a…“Burton knew what was about to happen to them. If City had got to three or four and then showboated, people would have complained about that.“You’re bringing confidence to players within that team as well. (Gabriel) Jesus comes into the team and scores four goals, (Kevin) De Bruyne’s just coming back from injury, (Phil) Foden comes on again.“I don’t see it as unprofessional. It would have been disrespectful for City to go about it any other way.“What it does now is it means Pep can rest all his players in the second leg. It’s fantastic from Manchester City and I love the way they’ve gone about it and their attitude.”The return leg between Burton and City will take place on January 23.last_img