Seanergy Secures Time Charter for Its Capesize Bulker

first_imgzoom Athens-based dry bulk shipping specialist Seanergy Maritime Holdings has entered into a time charter contract for one of its Capesize dry bulk vessels with an undisclosed European charterer.The company’s 180,000 dwt Capesize vessel M/V Lordship was hired for a period of eighteen to twenty-two months.Seanergy said that the ship is expected to commence its deployment under the charter deal in June 2017, upon expiration of its current time charter with the same company.“Our high quality of service has made us a preferred business partner to first-class charterers and we expect this to continue being a central pillar of our commercial strategy,” Stamatis Tsantanis, the company’s Chairman & Chief Executive Officer, said.“Indicatively, based on the prevailing spot rate for Capesize vessels, this time charter contract could contribute more than USD 10 million of net revenues to the company, assuming the full 22-month employment,” Tsantanis added.The net daily charter hire is index-linked rate based on the 5 T/C route rate of Baltic Capesize Index. In addition, the charter contract provides the option to Seanergy to convert at any time and for a period of three to twelve months the index-linked rate into a fixed rate corresponding to the prevailing value of the respective Capesize FFA.Seanergy said that, as the freight market strengthens, the company expects to secure additional long term employment agreements for its fleet.Built in 2010 by South Korean Hyundai Heavy Industries, M/V Lordship is one of the two bulkers purchased by Seanergy in September 2016.Both ships, which were bought for a price of USD 20.75 million each, joined the company’s fleet in late 2016.last_img read more

In the news today June 5

first_imgFive stories in the news for Tuesday, June 5———PM TO MEET INDIGENOUS PIPELINE SUPPORTERSThe prime minister is expected to meet with Indigenous leaders in British Columbia today, including a First Nations chief who has been a vocal supporter of the Trans Mountain pipeline expansion. Justin Trudeau will be in the Fraser Valley where he’ll speak with the Indigenous Advisory and Monitoring Committee, a group that monitors existing pipelines and the construction of the Trans Mountain’s expansion project.———ONTARIO BUS CRASH INJURES 24Provincial police in eastern Ontario are seeking the cause of a bus crash that sent at least 24 people to hospital, including four with life-threatening injuries. Const. Suzanne Runciman says the bus carrying Chinese tourists crashed into a rock cut Monday afternoon between Brockville and Prescott. She said the bus carried about 37 people, including the driver and a tour guide, when it went off the highway.———DOUG FORD’S SISTER-IN-LAW FILES LAWSUITOntario Progressive Conservative Leader Doug Ford denies allegations that he mishandled the estate of his late brother Rob Ford, causing financial harm to the late mayor’s widow and two children. The allegations, which have not been proven in court, are in a lawsuit filed by Renata Ford and her two children just days before the Ontario election.———WETTLAUFER INQUIRY TO START TODAYA public inquiry examining the circumstances that allowed a long-term care nurse to kill elderly patients in her care is set to get underway in St. Thomas, Ont., today. The inquiry will examine the systemic factors that allowed Elizabeth Wettlaufer to inject more than a dozen patients with overdoses of insulin while working at long-term care homes and private residences in southwestern Ontario for nearly a decade.———REPORT: STROKE AFFECTS WOMEN DIFFERENTLY THAN MENThe Heart and Stroke Foundation has issued a report showing how stroke can affect women differently than men. It says one-third more women die from having a stroke than do males, and women are 60 per cent less likely to regain their independence afterwards, with a worse prognosis for recovery than men. Less than half of stroke patients who participate in rehabilitation programs are female. Women are also less likely to return home after being treated: twice as many women as men go into long-term care following a stroke.———ALSO IN THE NEWS TODAY:— Prime Minister Justin Trudeau is scheduled to visit the Kinder Morgan Edmonton Terminal South.— Annual Canada 2020 Conference in Ottawa. Former FBI director James Comey delivers keynote address.— Finance Minister Bill Morneau will appear before the Senate national finance committee.— Defence Minister Harjit Sajjan will hold a media teleconference following his visit to Vietnam.— Statistics Canada will release labour data for the first quarter.— Gov. Gen. Julie Payette will honour 43 recipients with various awards.— The Calgary Stampede will announce the 50 new Midway foods for 2018.last_img read more

Citizens return to Fort McMurray and Fort McMurray First Nation

first_imgChris Stewart APTN National News The city of Fort McMurray is one step closer to being back to normal. Residents are starting to return home this week.The blaze that destroyed 1,500 homes and made 500 home unlivable continues to grow. The fire is nearly 600,000 hectares in both Alberta and Saskatchewan, but is not near any settlements.Now, after a month of living in campers, community centers and hotels, the residents of Fort McMurray First Nation are coming home.cstewart@aptn.calast_img

Attack launched at behest of govts highups BNP

first_imgRuhul Kabir RizviBlaming the ruling party for the attack on its secretary general Mirza Fakhrul Islam Alamgir’s motorcade in Chittagong, BNP on Monday alleged that terrorists get inspired when “protection and incitement come from the country’s the most powerful person”.Speaking at a press conference at the party’s BNP’s Naya Paltan central office, BNP senior joint secretary general Ruhul Kabir Rizvi Ahmed also accused the government’s high-ups of giving instruction to attack Fakhrul’s motorcade, reports.”Those who can travel abroad leaving helpless disaster-affected people can do anything bad. People have seen a new and desperate form of terrorism of the government, the way the ruling party men attacked BNP secretary general’s motorcade on his way to Rangamati with relief materials,” he said.The BNP leader further said, “We strongly believe that the heinous attack was made at the behest of Awami League government’s high-ups.”On Sunday, Mirza Fakhrul and some other party senior leaders were injured as local Awami League supporters allegedly attacked his motorcade at Isakhali in Rangunia upazila, Chittagong on their way to landslides-hit Rangamati.Rizvi Ahmed alleged that police arrested their party men at different parts of the country, including in the capital, on Sunday as they took out processions protesting the attack on their leaders. “We strongly condemn it.”He also alleged that the ruling party men attacked their party’s iftar programmes in Moulvibazar and Netrakona, and foiled those on Sunday. “They have resorted to hooliganism fearing their fall anytime. They’re making desperate efforts to establish a reign of terror after getting alienated from people.”The BNP leader said the way the terrorism is being reproduced it can easily be assumed that the next election will witness huge violence if it is held under Prime Minister Sheikh Hasina.He also warned that BNP will boycott the next election as well if it is held under the Awami League-led government.Read more:‘Attack an arrogant bid of govt to erase last sign of democracy’BNP to stage countrywide demo tomorrowMirza Fakhrul’s motorcade comes under attack in Ctglast_img read more

As soon as BJP is ousted from Centre their growth will die

first_imgKolkata: Soon after addressing an election rally in the South Kolkata Lok Sabha constituency, Trinamool Congress chief Mamata Banerjee gave a brief interview to The Wire’s founding editor Siddharth Varadarajan and its Calcutta-based contributor Himadri Ghosh.In the interview, she discussed the possible outcomes of the election on May 23, accused Narendra Modi of political vendetta and also touched upon how the BJP’s so-called growth will come down drastically once they are ousted from the Centre. Also Read – Rs 13,000 crore investment to provide 2 lakh jobs: MamataExcerpts: SV: Well, the 2019 election, Narendra Modi has been the face, the voice, the name that has dominated the campaign. And you have been perhaps the most forthright in directly challenging him. You say no matter what happens, Narendra Modi must go. Why do you believe that this one person’s ouster is so crucial to this election? MB: He’s not only a fascist, he’s an egoist. He has tremendous political vendetta. I used some harsh words today. But they are not harsh words. They are politically strong, bold words. Because, you know, we respect our great son of the soil, Ishwar Chandra Vidyasagar, very much. We are celebrating 200 years this year. But the goons, the BJP goons from the Amit Shah rally, they have totally destroyed Vidyasagar’s statue… These type of people must go from this country. They must go from politics. The politician should know what is politics. Politics means sacrifice. Politics means dedication, determination, devotion. But if you think politics means “goondaism”, hooliganism, fair enough… In a democracy, everybody has the right to speak. Also Read – Lightning kills 8, injures 16 in stateSV: Does it worry you that in Bengal, in a very short duration of time, the BJP has emerged as your principal challenger? The Left does not seem to be in the race. MB: Not at all, somebody will be the opposition. In a democratic setup, somebody will be ruling party, somebody will be opposition. I may be number one, but they may be number two, three or four. It is the CPM’s business, that CPM’s goons, they are joining the BJP, because the BJP is giving… to them also. So it is their matter. I don’t mind who will come as the second person. I will certainly try that I must be first. HG: Madam, we have seen for some time, people from the CPM are now marching under the BJP flag. Who do you blame for this? MB: I am telling you, this is not growth. This is absolutely not growth. This happens when the BJP is in power in the Centre. They use the situation. There, they work through agencies, so there is some growth. If the BJP is not in power, then this growth will die in a second. It is temporary. SV: In the event that the BJP falls short by a significant number… how will you… MB: We will not support the BJP. SV: Under any circumstances? MB: No.last_img read more

Why Hackers Go After All Your Info Not Just the Important Stuff

first_img Fellow entrepreneurs often ask me if going through a comprehensive security audit is necessary for them, considering that theirs are relatively small, young organizations. Their argument for not conducting such an audit is that hackers will find nothing there of interest. Most information they hold in their emails, or in their online profiles on sites like LinkedIn or Twitter, is pretty benign, these entrepreneurs say.Related: Cyber Insurance Offers More Than Just Protection Against External Cyber AttacksI get it. The logical belief is that while it may be just as easy — or easier — for hackers to go after smaller, less sophisticated outlets, there’s nothing of value that they’ll find there. Sensitive information, like bank statements, tax returns, company contacts and employee payroll information is securely stored by the companies’ service providers.The risk of damages from an attack, if it occurs, is surely minimal.I disagree. The reality is that all your information is important to someone who can quickly piece together what you see as relatively innocuous. Hackers can then turn this information into something that could do significant harm to you and your company.We saw this not too long ago when Russian hackers infiltrated the Pentagon email servers. Federal officials quickly noted that none of the agency’s secure servers had been penetrated; but the information obtained, while unclassified, still offered valuable insights to the enemy. What’s more, the Defense Department spent significant time and money shoring up its security system’s vulnerability and analyzing the threat.Let’s take an example closer to home and apply it to our business world. Say you’re heading out on a trip someplace you’ve visited several times before with family. Certain hotels, restaurants and attractions have become regular stops for you. Many of us (myself included) will want to tell our beloved Facebook friends about it. And, yes — though this is a “full-on” vacation — you, like the rest of us, will still stay a bit connected to work because that’s what entrepreneurs do.This is all fine but should be done with the understanding that almost anyone else will be able to see that information as well. Something north of 1.2 billion active monthly members, 750 million daily users and 945 million mobile users are on social media platforms. So, when you tell your friends where, when and how you are going to your “favorite vacation spot” yet again, that information can be the perfect opportunity for sophisticated networks to uncover patterns in your activities. Those patterns may prove beneficial to parties aiming to spot vulnerable access points where you connect with your laptop to “check in” on things.Related: How to Create Security Awareness at Your CompanyOnce hackers gain access to your device at those outlets, they will undoubtedly see your conversations with employees, customers and strategic partners. While those conversations may not be of national security importance, they will provide insight into the activities of other individuals in your network, ones who actually do hold secure data.The point of the illustration is this: Hackers love to obtain all kinds information, even unclassified data. So, let’s not forget who the enemy is. Contrary to stereotypes, hackers do not live in their mothers’ basements staring at a homemade computer all day because they have nothing else to do.Rather, they have the means to capture a seemingly infinite amount of data in short order and are part of sophisticated, organized global syndicates that are well financed, expertly trained and bent on disrupting — if not taking down — governments and corporations around the world.Given that fact, you might want to reconsider your assumption that your company is “too small” for its information to be of interest to outsiders. Because you may be wrong.Related: 4 Ways Your Small Business Can Better Prevent Cyber Crime  Growing a business sometimes requires thinking outside the box. Opinions expressed by Entrepreneur contributors are their own. May 22, 2015 Register Now » 4 min read Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Globallast_img read more