Grosvenor branches out with two new joint ventures

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Sovcomflot’s profit rockets

first_img“Over H1, SCF Group increased its time charter revenues from gas and offshore operations by 10 percent to $342 million. At the end of the reporting period, the group had $12.8 billion in future contracted earnings and receivables, a record for the group,” Tonkovidov said. The state-owned shipping company’s fleet includes 146 vessels out of which 21 are LNG carriers. LNG carrier SCF Mitre (Image: Sovcomflot) Earlier this year, Sovocmflot has welcomed another liquefied natural gas carrier to its fleet, namely the SCF La Perouse. Sovcomflot’s chief executive Igor Tonkovidov said EBITDA over the prior 12 months has exceeded $1 billion, for the first time in the firm’s history. Revenue increased by 19.8 per cent year-on-year to $951.3 million. In the short term, this has contributed to the increase in both spot and time charter rates, which has allowed the group to grow its term contracts portfolio, Tonkovidov said. “An optimal balance of long- and short-term charter contracts, together with a rational geographic distribution of vessels allowed SCF Group to fully capitalise on the freight market upswing,” Tonkovidov said. January-June earnings before interest, tax, depreciation and amortisation rose 54.7 percent to $578.6 million.center_img Furthermore, Sovcomflot also continued to steadily grow its industrial business portfolio, which provides a long-term fixed income stream not impacted by market fluctuations. The new-generation Atlanticmax LNG carrier with a 174,000 cubic meter capacity started its charter with French energy giant Total. In the first half of the year, the energy shipping market dynamics were “highly volatile” due to the usual seasonal factor but also sharp price fluctuations in the oil market, caused by changes in the OPEC+ terms. Russia’s largest shipping company Sovcomflot logged a 149 percent rise in first-half net profit on the back of a strong term contracts portfolio. Sovcomflot reported a net profit of $226.4 million in the January-June period, compared to $91 million a year ago. Sovcomflot has two further vessels in this series under construction, chartered to LNG giant Shell, with deliveries scheduled in 2020. LNG fleet growinglast_img read more

Pjanić might play in Bayern

first_imgBayern Munich could make a move for BiH football player and Roma playmaker Miralem Pjanić, reports football-italia.netCorriere della Sera have claimed that the Bundeliga leaders will fly to the capital within the next few weeks and try to negotiate a deal for the Bosnia international.The Bundesliga Champions-elect are looking to further strengthen their squad, prior to next season, when Pep Guardiola replaces outgoing coach Jupp Heynckes.Despite a solid first season in Italy, the midfielder has struggled for playing time this season, due to injury and being tactically unsuited to, previous coach, Zdenek Zeman’s playing philosophyPjanic has played on 49 occasions for Roma, scoring six goals; including a long-range free-kick in the derby earlier in the season.The 23-year-old midfielder could leave for a fee of around €15m.last_img read more

‘This is not for any aul eejit’ – RTÉ presenter takes on terrifying climb at Sliabh Liag

first_imgYou can almost feel Carl Mullan’s fear as he braves the heights of Sliabh Liag for his new RTE series.The 2FM presenter recently visited Donegal to film an episode of Go Outside and Play, the new non-traditional travel series launching this week.Carl couldn’t contain his nerves, and his amazement, as he took on the One Man’s Path at Sliabh Liag. With nothing but staggering drops at either side, he soon realised it’s not for the faint-hearted. Watch a preview below:This incredible Donegal adventure will be featured in episode two of Go Outside and Play. The show will be streamed on the RTE Player from Monday 8th July. The series promises to take viewers to some of the most stunning and instagrammable spots in Ireland. Viewers will be able to follow Carl’s adventures to some of the most stunning parts of Ireland, from the ultimate sea cliff experience at Sliabh Liag to the Stairway to Heaven at the Cuilcagh Mountain Boardwalk in Co Fermanagh. Commenting on his new series, Carl said: “The whole idea for the series came about from scrolling through Instagram and coming across an image of a lake in Waterford. It’s called Coumshingaun Lake, and to be honest with you, I couldn’t believe that a place so spectacular was in Ireland. If you had said it was in Canada or Iceland I would have believed you, but Ireland? No way! “I started doing some research about places to go see in Ireland that aren’t necessarily on the front page of a tourism magazine. “We featured 6 of them, but there’s so many of them you wouldn’t believe it. “We live on an incredible little island and I hope this series will give you a sense of that. Once you’ve watched it you’ll want to call your mates, hop in the car with them and go on an adventure.” ‘This is not for any aul eejit’ – RTÉ presenter takes on terrifying climb at Sliabh Liag was last modified: July 5th, 2019 by Rachel McLaughlinShare 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:carl mullanGo Outside and PlayRTEsliabh liagtourismlast_img read more

Evolution Is Not a Goddess

first_img(Visited 41 times, 1 visits today)FacebookTwitterPinterestSave分享0 A reporter wonders what evolution was thinking when it gave us allergies.The upshot of an article in Current Biology is that nobody knows how or why allergies evolved.Researchers increasingly ask themselves what kinds of challenges in nature may have produced this remarkable and at times dangerous response….It is plausible to assume that children growing up in virtually sterile settings may end up with an immune system that is less educated and mature than it should be. But what specific processes could go wrong in this scenario and how that might cause allergy remains to be elucidated.As could be predicted, the perhapsimaybecouldness index of the article is high.  In getting to his ending confession of ignorance, reporter Michael Gross plays fast and loose with Darwinism, attributing foresight and cognition to the impersonal processes of Darwinism. He starts right with his headline: “Why did evolution give us allergies?” Evolution’s gender is not clear, so he calls it an “it”—Investigations into how we — and our tireless representatives, the lab mice — interact with our environment at interfaces like skin, lungs and guts, and how we sometimes become allergic to compounds from that environment, have overwhelmingly led to one conclusion: it’s complicated.The phenomena discussed here include both genetic and environmental factors, both innate and adaptive immunity, and a confusing plethora of immune cells and molecules. In our evolution, these responses of the mammalian immune system have been shaped by interactions with organisms from other phyla, ranging from nematodes and arthropods through to poisonous snakes.Thus, more interdisciplinary work linking immunology to areas like ecology and toxicology may be required to improve our understanding of allergies, and immunologists will have to try to communicate their ideas to colleagues from other departments without the notoriously dense thicket of acronyms that tends to thrive in their publications. Better communication and joined-up thinking may lead us to understand what evolution was thinking when it gave us allergic responses, and from there we could go on to stop them from happening.Since Evolution’s “thinking” is inscrutable, maybe it’s time for thinking scientists to stop personifying “It” and think of alternative approaches.Michael’s imaginary friend is letting him down.  He should be content with Evolution’s impersonal, unguided catch-all hypothesis: the Stuff Happens Law. That’s what provides insight to a secularist. That’s what provides understanding. Yours is not to reason why. Yours is but to do or die, repeating “It evolved” until troubles pass you by. “Why did evolution give us allergies?” Stuff happens, man. Q.E.D.last_img read more

Boks beat All Blacks back-to-back

first_img3 August 2009With a Tri-Nations record 31 points from flyhalf Morne Steyn, the Springboks notched up their second successive win over New Zealand on Saturday, beating the All Blacks 31-19 in Durban to extend their lead at the top of the Tri-Nations standings.A number of Springboks were playing in milestone matches and got to celebrate in style; Bryan Habana and Jean de Villiers led the Springboks onto the field in their 50th tests, while captain John Smit captained the Boks for a world record 60th time on his home ground in front of friends and family. When he was substituted three minutes from the end of the contest, Smit left the field with a rare self-indulgent grin to the cheers of an adoring crowd.While Steyn was the star of the show, scoring a try and landing nine out of 10 kicks while playing with an assurance that belies his relative inexperience, he was quick to credit the SA forward pack after the match. “I couldn’t have done that without the Bok pack, if our forwards from one to eight had not stood up so strongly,” he said.Foundation for victorySteyn was spot on in his assessment that the foundation of the South African victory was laid up front. The Springbok tight five were industrious, physical and dominated their counterparts, especially in the lineouts and rucks, while the loose trio functioned smoothly and effectively as a unit.As impressive as the pack was, it was the team work of the Springboks that was most impressive. This included making a good kicking game an outstanding one by following up on kicks and putting pressure on the New Zealand back three, as well as defending together and ferociously around the fringes of rucks.The big boots of Fourie du Preez, Morne Steyn and Francois Steyn kept the Kiwis pinned in their own half and they struggled to play the game in the South African half due to the pressure applied by the Springboks on defence.PressureAll Black captain Richie McCaw admitted after the contest that it was South Africa’s ability to apply pressure throughout the game and then force errors that won them the match. “They got guys right across the backline that can kick the ball and they kicked really well,” he said.New Zealand coach Graham Henry was magnanimous in his praise of the South African performance, calling it “outstanding”.Despite two wins in succession over the All Blacks, Springbok coach Peter de Villiers was quick to stress that his charges can still improve a lot. ‘We weren’t clinical enough, there’s certainly room for improvement,” he said.The match at Durban’s Absa Stadium started in cold conditions, with rain threatening; it began to fall midway through the first half.Only two minutes into the contest the All Blacks escaped what could have been a horror opening when scrumhalf Jimmy Cowan had an attempted clearance charged down. Three Springboks chased after the ball, but it found flyhalf Stephen Donald, who snatched it away and spun to the ground, conceding a five-metre scrum.First pointsIn the third minute, JP Pietersen forced a penalty when he made a good tackle following up on kick. The Kiwis didn’t release the ball in the tackle, and Morne Steyn was presented with an opportunity to kick at goal. His aim was true, and South Africa took an early lead.A minute later, however, it was all square after Donald landed a penalty for New Zealand. Referee Nigel Owens had pinged the home side for going off their feet to seal off a ball at a ruck.Then, with some good counter-attacking and slick hands, the All Blacks managed to create an overlap on the left-hand touchline. Lock Isaac Ross took the final pass and raced over in the corner to put the visitors in the lead. Donald added two points with a sweetly struck penalty from the touchline to put the Kiwis 10-3 ahead.One-point differenceIt didn’t take long for South Africa to reply as they immediately put New Zealand under pressure and forced a couple of penalties, both of which Steyn nailed to reduce the deficit to just one point.A dangerous counter-attack by the All Blacks was slowed down by a high tackle by JP Pietersen on scrumhalf Jimmy Cowan, which did enough to blunt the speed of the attack and eventually stop it. However, referee Owens pulled out a yellow card and sent the Bok winger to the sin bin for 10 minutes.Stephen Donald stuck over the resulting penalty and the New Zealanders moved four points clear.Only three minutes after Pietersen’s departure, lock Ross made a silly error when he entered the maul from the back on the Springboks’ side and he joined Pietersen on the sidelines for committing a professional foul.Steyn kicked the penalty and it was once again a one-point game.TryWith half-time approaching and the Springboks on the attack in New Zealand’s 22, scrumhalf Fourie du Preez pounced on a ball that squirted loose from a scrum. He attacked to the open side and then passed to Steyn. The flyhalf, sizing up the situation perfectly, stepped back outside off his right foot and ran through a big gap before diving over for a try.He converted his five-pointer to extend South Africa’s lead to six points.Right on half-time, Steyn was at it again, knocking over another penalty as the Kiwis found themselves on the wrong side of referee Owen’s whistle for the umpteenth time.The scoreboard at the break read South Africa 22 New Zealand 13, with all of South Africa’s 22 points belonging to Steyn, which meant he had tied the South African record for points by a Springbok in a test against the All Blacks, set by Jannie de Beer, in a single half.Deserved leadJohn Smit and company were good value for their lead as they had dominated territory and put the New Zealanders under a huge amount of pressure, especially at lineout time. The Kiwis had at times looked dangerous on the counter-attack, but South Africa was clearly in the ascendancy.Just three minutes into the second half, the All Blacks made two changes, bringing on Piri Weepu for Jimmy Cowan at scrumhalf, and replacing hooker Andrew Hore with Keven Mealamu, not that it ended up helping the struggling New Zealand lineout.The All Blacks put together a sharp counter-attack in the 50th minute, but Conrad Smith was tackled early by Bakkies Botha when following up his own chip kick and the big lock was shown a yellow card for his indiscretion.Donald kicked the easy penalty from inside the South African 22 to reduce the Bok lead to four points.Nine-point gapA short while later the gap was back to nine points when New Zealand captain Richie McCaw, who was fighting a fascinating battle with SA flank Heinrich Brussouw for control at ruck time, was blown up for holding onto the ball on the ground. Steyn was his usual assured self with the kick.On the hour, Luke McAlister, who had just replaced Donald, put over a great kick from the halfway line, leaving South Africa six points clear with 20 minutes remaining.Soon, however, the South African lead was extended beyond a single score when Mealamu gave away a penalty and Steyn made the visitors pay once more.Nine out of nineWith seven minutes remaining, the All Blacks were penalised for deliberately wheeling a scrum and Steyn put South Africa 31-19 ahead with his ninth successful kick in succession.As time ran out, SA coach De Villiers cleared the South African bench with the match clearly won.Steyn had an opportunity to make it 10 from 10 in the final minute, but, almost unbelievably, he pushed his kick wide to the right of the posts. It didn’t matter. The match had been won and the Springboks celebrated a well-deserved victory.They next face the Wallabies in Cape Town on Saturday, 8 July. Another win would put the Boks in the drivers’ seat to add the Tri-Nations title to South Africa’s titles of World Cup champions, IRB Sevens World Series champions, and Super 14 champions.Would you like to use this article in your publication or on your website? See: Using SAinfo materiallast_img read more

Armed with more experience, Amer expected to lead Meralco in Finals

first_imgBrace for potentially devastating typhoon approaching PH – NDRRMC LATEST STORIES Photo by Tristan Tamayo/INQUIRER.netMeralco pushed Barangay Ginebra to its limit in last year’s Governors’ Cup Finals and it took a buzzer-beating triple by Justin Brownlee in Game 6 to finally put away the Bolts.It was a series that saw five games decided by five points or less considering it also marked the first time Meralco had been in the finals since entering the league in 2010.ADVERTISEMENT ‘No favorite, no underdog’ in Ginebra-Meralco series, says Tenorio “Baser Amer’s improvement this year has just been extraordinary. Starting the second conference on he’s probably, arguably been our best player, one of our best players,” Black said.“He had taken control of the team, he is the quarterback of the team and there are no areas where he can’t improve.”READ: Tasked to guide the Bolts, Amer drops 31 in crucial gameBlack said Amer is a totally different player today than he was as a backup to Jimmy Alapag.Amer will be tested anew against Ginebra’s slew of guards with LA Tenorio, Scottie Thompson and Sol Mercado.Game 1 is on Friday night at Quezon Convention Center in Lucena. MOST READ Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:37Protesters burn down Iran consulate in Najaf01:47Panelo casts doubts on Robredo’s drug war ‘discoveries’01:29Police teams find crossbows, bows in HK university01:35Panelo suggests discounted SEA Games tickets for students02:49Robredo: True leaders perform well despite having ‘uninspiring’ boss02:42PH underwater hockey team aims to make waves in SEA Games His stellar play hasn’t gone unnoticed with even the Gin Kings are fully aware of the former San Beda star’s exploits.“Baser is playing really well. Meralco has been successful because of him,” said Ginebra guard Scottie Thompson.READ: Amer’s breakout conference earns him Gilas nod “He’s playing like a veteran,” said Ginebra playmaker LA Tenorio.Meralco coach Norman Black also spoke highly of Amer.ADVERTISEMENT Kammuri turning to super typhoon less likely but possible — Pagasa And with added experience, guard Baser Amer believes Meralco is armed with more tools in its finals rematch with GinebraREAD: After frustrating him in NCAA, Thompson looks to turn tables on Amer FEATURED STORIESSPORTSWATCH: Drones light up sky in final leg of SEA Games torch runSPORTSSEA Games: Philippines picks up 1st win in men’s water poloSPORTSMalditas save PH from shutout“It was our first time in the finals last year. We had no experience then,” said Amer in Filipino. “Now we’re back in the finals and this time, we know how it feels like to play in the finals.”The 25-year-old Amer has established himself as a fast-rising star in the league in only his third season and his breakout year could also be attributed to his finals experience. Nonong Araneta re-elected as PFF president Fire hits houses in Mandaluyong City Don’t miss out on the latest news and information. LOOK: Loisa Andalio, Ronnie Alonte unwind in Amanpulo for 3rd anniversary Read Next Frontrow holds fun run to raise funds for young cancer patients  Typhoon Kammuri accelerates, gains strength en route to PH BSP sees higher prices in November, but expects stronger peso, low rice costs to put up fight View commentslast_img read more

CWG probe: CBI arrests Suresh Kalmadi aides Darbari, Mahendroo

first_imgThe CBI on Monday arrested top Commonwealth Games Organising Committee officials and OC chief Suresh Kalmadi aides T.S. Darbari and Sanjay Mahendroo for alleged corruption related to the sporting event. Darbari is the joint DG of the Organising Committee while Mahendroo is the deputy DG. Both are under suspension. Darbari was under the scanner for alleged corruption related to the Queen’s Baton Relay held in London. Before the arrest, he was questioned by the CBI for several hours since Monday morning. Sources said another official of the Organising Committee was likely to be arrested soon. Two FIRs have been registered for corruption in the handing of baton relay contracts to AM films and AM Car. Darbari and Mahendroo are among those named in the FIRs. The CBI also carried out searches at the Organising Committee’s office and residences of Darbari and Mahendroo. – With inputs from agencieslast_img read more