Hitting the floor

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PREMIUMBoeing ready to move forward with US-Indonesia Osprey deal

first_imgFacebook Log in with your social account Defense and aerospace giant Boeing said it was looking forward to working closely with the United States and Indonesia to finalize a possible US$2 billion deal for Osprey tilt-rotor aircraft. “Congressional notification is an important step in the United States’ Foreign Military Sales (FMS) process, so we’re pleased that a potential V-22 acquisition by Indonesia has entered this phase,” Boeing said in a statement to The Jakarta Post dated July 15.“Currently, the US military is buying the V-22 under the Multiyear Procurement III (MYP III) contract. Completion of this sale in 2020 will allow Indonesia to receive the MYP III pricing already negotiated by the US Government for its aircraft.”An agency of the US Defense Department, the Defense Security Cooperation Agency (DSCA) announced on July 6 that the US State Department had “made… Linkedin Forgot Password ? Google LOG INDon’t have an account? Register here Topics : Boeing Osprey MV-22 V-22 tiltrotor alutsista Foreign-Military-Saleslast_img read more

Dutch notaries scheme to heed member wishes on ESG themes

first_imgThe €3bn Dutch sector scheme for notaries and their staff said it will “fill in” its €1bn equity portfolio in accordance with the results of a survey of its members. In its annual report for 2019, Pensioenfonds Notariaat said that the 1,140 active participants and pensioners who took part had indicated they in particular supported the themes of health and wellbeing, education and sustainability as well as affordable energy.They also said that investments in companies using child labour and dealing in arms were unacceptable.The notaries scheme has 11,355 active participants, 9,905 deferred members and 5,140 pensioners. According to Edwin Zondag, the scheme’s director, the concrete modelling of the environmental, social and corporate governance (ESG) policy – established last year – would be based on an asset-liability management (ALM) study, currently being carried out together with Aon.He said the study would also assess a wider range of socially responsible investments, including sustainable energy and ones aimed at reducing carbon emissions, the impact of which was easier to measure.Zondag added that the pension fund would follow an ESG benchmark if costs could be limited.Also in order to save costs, the pension fund said the execution of the ESG policy would be combined with the implementation of the ALM recommendations.Currently the scheme has invested €900m based on the MSCI Developed Markets index, with the remaining €100m allocated to emerging market equities.The Dutch pension fund of Shell (SSPF) recently said it had introduced its own ESG benchmark for its equity holdings, and the €8bn staff pension fund of Dutch insurance group Achmea said it would extend the application of its ESG policy to its passively managed equity developed markets holdings.As part of the ALM study, the notaries’ pension fund will also factor in the outcome of another survey, of participants’ appetite for investment risk.It said around 1,000 active members and pensioners had made clear they favoured an average risk profile, with most active participants tending to a risk reduction during economic headwind, but pensioners wanting to increase investment risk in such conditions.However, the director said he expected only minor changes to the schemes’ risk profile, as the current investment policy largely reflected participants’ wishes with regard to investment risk.2019 up on equity, down on currency hedgeThe Pensioenfonds Notariaat posted an investment result of 18.6% for 2019, its annual report revealed.It said its equity holdings had generated a net result of 25.5%, after a loss on the currency hedge of 4.1 percentage points.According to Zondag, the ALM study must also answer the question whether the scheme should continue with its full hedge of the currency risk posed by the main currencies.In addition, the Pensioenfonds Notariaat also would like to know how it can improve its matching policy for liabilities, the director said.“Currently, the instruments, including residential mortgages and credit, are divided across several mandates,” he said. “As a consequence of this complexity, the interest hedge fell five percentage points short of the strategic target of 80%.”Last year, the pension fund incurred administration costs of €237 per participant, and spent 24bps and 5bps on asset management and transactions, respectively.At the end of April, its funding stood at 102.2%, which is 11.1 percentage points short of its recovery target for 2022. It indicated that it therefore has to raise its contributions or cut pension entitlements.last_img read more

KNOT Offshore Partners taking over Lena Knutsen shuttle tanker

first_imgKNOT Offshore Partners is set to expand its fleet with the recently built Lena Knutsen shuttle tanker.During the second quarter, the company entered into a share purchase agreement with Knutsen NYKto acquire the company that owns the Lena Knutsen.Built by Hyundai Heavy Industries in South Korea in June of 2017, the Lena Knutsen is a Suezmax class enhanced DP2 shuttle tanker operating under time charter with Shell in Brazil.The charter expires in the third quarter of 2022, with options to extend to 2032.In a conference call on Thursday, Knot Offshore Partners said it had reached a deal with its sponsor Knutsen NYK to acquire the vessel for $142 million with delivery effective from the start of October 2017.The acquisition price for the Lena Knutsen is $142 million. This is $5 million less than the purchase price for Tordis and Vigdis, the recently acquired sister vessels.The current data from VesselsValue shows the Lena Knutsen is already in Brazil, currently sailing past Salvador, Brazil, going South.Worth noting, KNOT Offshore Partners might soon add another vessel to its fleet. Knutsen NYK in July acquired from Chevron the Brazil Voyager, a DP2 Suezmax class shuttle tanker built in 2013.The vessel, which is located in Brazil, is not currently under contract. The vessel has been renamed Brasil Knutsen, and Knutsen NYK is seeking to secure a long-term time charter for it. The vessel might then be taken by KNOT.Offshore Energy Today Stafflast_img read more

Maersk boxship hit by explosion off Maryland, crewman evacuated

first_imgThe USCG MH-60 Jayhawk helicopter was assisted by the US Navy as it had to refuel on the navy ship USS Mahan on the way to pick up the injured seafarer. The 4,258 TEU Laura Maersk departed Algeciras, Spain, in late May and was en route to Port Newark, USA, at the time of the explosion, data provided by VesselsValue shows. The explosion, which occurred in the engine room of the Post-Panamax vessel Laura Maersk, caused burn injuries to a crewmember and disabled the vessel, the US Coast Guard said. “U.S. Fleet Forces Command and the USS Mahan were instrumental in getting this crewmember help as soon as possible,” Lt. David Steele, command duty officer during the case, commented. The injured man was medevaced by a USCG helicopter and transported to Norfolk Sentara General Hospital in Norfolk, Virginia. A plan has been developed to salvage the disabled vessel. No further details on the incident have been unveiled. A containership operated by Danish shipping major Maersk suffered an explosion some 275 miles off the coast of Ocean City, Maryland, USA, on 5 June.last_img read more

Gunaratne epic steals T20 series for Sri Lanka

first_img(REUTERS)-All-rounder Asela Gunaratne struck a superb 84 off 46 balls to inspire Sri Lanka to a dramatic two-wicket victory over Australia in the second Twenty20 International in South Geelong, Victoria yesterday.The touring side needed 48 runs off the last three overs to clinch the series and Gunaratne, who smashed five sixes and six fours, led them home.Australia got off to a flying start, hitting 60 runs in the first six overs, and although medium-pacer Nuwan Kulasekara took four wickets, Moises Henriques made an unbeaten 56 off 37 balls to lift the hosts to a decent total of 173.Sri Lanka stumbled early as their top order collapsed, losing five wickets for 41 runs in the first five overs.A spirited 52-run partnership between Gunaratne and Chamara Kapugedera steadied the innings, however, before the 31-year-old Gunaratne took charge to guide his side to an unlikely victory.“Asela’s was an amazing innings,” Sri Lanka captain Upul Tharanga said.“We lost too many wickets early but Asela finished the game for us. Winning in Australia is a huge achievement. This is Asela’s first tour to Australia and we are happy.”Australia are fielding a depleted side with their full-strength test squad currently in India. The third and final match of the series will be played on Wednesday in Adelaide.“That was one hell of an innings,” Australia captain Aaron Finch said. “When you have a good player in good form, they hurt you.“Sri Lanka played very well there. Take nothing away from them. The series is gone, but hopefully we can salvage something in Adelaide.”last_img read more

GFF establishes new safety guidelines for movable goal posts

first_imgFOLLOWING the death of six-year-old Glensean Skeete, who met his demise tragically on September 28 when a goalpost collapsed and fell on him at the Plaisance Community Centre ground, the Guyana Football Federation (GFF) established new safety policies relative to the establishment of movable goal post.Skeete, a student of St Paul’s Primary School, was at the time in preparation for his school’s Inter-house sports when the incident occurred.The guidelines were communicated to the Regional Member Associations (RMAs) in a correspondence dated October 4, as the GFF seeks to ensure the safety of its stakeholders including students.Among the guidelines outlined for the safe use of the equipment, all goalposts must be securely fastened to the ground, by any means possible, during and after use.A “do not swing/climb onto any goalpost” sign of warning must be erected, and players must be warned of the dangers associated with the misuse of goalposts.The GFF guidelines also states that children must not be permitted to play unsupervised under and around goalposts and, also, all goalposts must be inspected regularly to ensure they are structurally sound.Meanwhile, following the announcement of Skeete’s death, president of the GFF, Wayne Forde, visited the parents of the child, Tracey and Glenroy Skeete, and offered a monetary contribution and words of encouragement. The mother expressed her appreciation for the visit.last_img read more

Wisconsin suffers at Breslin Center

first_imgYANA PASKOVA/Herald PhotoEAST LANSING, Mich. — After Michigan State center Paul Davis picked up his second foul in 23 seconds — less than four minutes into the contest — the script to Thursday night’s game looked to be identical to the first match between the two teams.However, the plot turned out to be quite different, with Davis playing the hero and not the goat in the Spartans’ 74-65 victory over Wisconsin.”What can you say? It’s kind of like the roles switched this game,” sophomore point guard Kammron Taylor said. “He had his way.”While the Badgers were hampered by a poor shooting night from Taylor, who made only four of his 18 shots for nine points and put up at least four air balls, junior Alando Tucker (23 points) was forced once again to carry the majority of the offensive burden for Wisconsin (19-9, 9-6 Big Ten). With Taylor’s sub-par performance, Davis exploded for 27 points and nine rebounds.The triple threat of Davis, Maurice Ager and Shannon Brown combined to score 64 points for Michigan State (20-9, 8-7 Big Ten).”I just think they feed off each other, and when one plays well, they all play well,” Taylor said. “Unfortunately, it was against us.””[Davis] had a pretty good game,” Wisconsin head coach Bo Ryan said. “But some of those big shots made later by Ager and Brown, those hurt, too.”In the Jan. 8 meeting between the two schools, Davis tallied only two points after getting in foul trouble early. This time around was a completely different story.After Davis’ first two fouls, MSU head coach Tom Izzo rolled the dice, and rather than keep Davis on the bench for an extended period of time, the senior leader returned to the floor after sitting for less than three minutes.”He went back in and played with those fouls,” Michigan State head coach Tom Izzo said. “He did a heck of a job in the minutes he played.”The gamble paid off, as Davis played 9:02 without picking up another foul and scoring 10 of his 12 first-half points after returning.”His coach had trust in him, and he’s been through the battles and he knows exactly what to do to not pick up that third (foul),” sophomore Brian Butch said of Davis, who ended the contest with four fouls.Whereas Davis thrived while in foul trouble, UW floundered with its star in the same position. Tucker picked up two fouls in just 1:39, the second coming with 10:52 remaining in the half, while three Badger starters found themselves in foul trouble. Tucker and Butch both picked up two fouls early on, while junior forward Jason Chappell was called for three.Like Davis, Tucker returned after a limited stay on the bench, but only briefly and out of necessity, coming in while freshman Joe Krabbenhoft received medical attention.With Tucker off the floor, the Spartans took control of the game, going on a 20-6 run to go from being down 10 to up four — a margin they took into the half, leading 35-31.”It was one of those things where we also got into foul trouble,” Butch said. “It was pretty even when it came to that stuff.”After the break, Davis picked up right where he left off, scoring Michigan State’s first six points of the half and pushing the Spartans to a 12-point lead at the 16-minute mark. Then the other two-thirds of the Michigan State trifecta began to heat-up, as Ager and Brown finished with 19 points and 18 points, respectively.”As soon as you have to worry about [Davis], they start going outside, and you have to worry about Brown and Ager,” Tucker said. “When [Davis] is going early, it’s hard to stop their whole offense.”Wisconsin fought back, largely through Tucker, who scored 19 second-half points.On the strength of an 11-3 run, Wisconsin cut the MSU lead to four, 51-47, with 13:02 remaining, but was unable to capitalize. For the next nine minutes, the Badgers had a bevy of opportunities to make it a one-possession game, but missed key free throws and open shots down the stretch, allowing the Spartans to put the nail in the coffin with a 12-4 run in the final five minutes.”That’s the game right there,” said Ryan.The Badgers will have very little time to regroup, as they will head to Iowa for their Big Ten finale at Carver-Hawkeye arena.”We just kind of put this one behind and look forward to going to Iowa and playing hard,” Butch said.last_img read more

Social networking changing the game of college basketball

first_imgINDIANAPOLIS — Butler’s Brad Stevens has done it 64 times. West Virginia’s Bob Huggins has done it 14 times. Michigan State’s Tom Izzo has done it only once, and Duke’s Mike Krzyzewski has never done it and, apparently, never will.What practice do the head coaches of the Final Four teams differ on? Recruiting one-and-done players? Encouraging their fans to storm the court after a big win? Suiting up in practice? Actually, it’s none of the above.Rather, “it” is to post on Twitter, or to “Tweet”, as it’s called in the online world. Twitter is a micro-blogging Web site that allows users to post updates, 140 characters at a time. Despite the character limit, Twitter has continued to expand and amass more users, many of whom are college basketball coaches.While some coaches, such as Oklahoma State’s Travis Ford, have taken an aloof approach to Twitter, others have seamlessly added it to their coaching and recruiting repertoire, such as Kentucky’s John Calipari.Though he lost to Huggins on the court in the East regional final, Calipari can take solace in knowing that he has been dominating Huggins in the Twittersphere, along with everybody else for that matter.Calipari has more than a million people following his Tweets, compared to the decidedly less 441 followers that Huggins enjoys. With more than a million followers, Calipari now occupies a place in the online world that is usually reserved for national celebrities and international news companies.Kentucky Associate Athletic Director of Media Relations DeWayne Peevy says that Calipari decided to start using Twitter in April 2009 after he learned about it from Indiana coach Tom Crean. Though he isn’t astonished that Calipari has a large following on Twitter, Peevy is amazed at the sheer number. “I’m not surprised he has more than anyone else because of our fan base but I never expected over one million followers. The Big Blue Nation is spread all over and I will never underestimate its power again,” Peevy said.Part of the reason for Calipari’s enormous Twitter presence is that it provides a new experience and interaction level for fans. Plus, Calipari doesn’t just Tweet about Kentucky basketball. Social events, dinners, personal anecdotes, everything is fair game for Calipari’s Tweets, which number more than 2,000.Twitter not only has changed the relationship that exists between coaches, players, and fans, but has also impacted how journalists from traditional media cover the sport. Dana O’Neil covers college basketball for ESPN, and has also worked for the Philadelphia Daily News.“I don’t feel obligated to follow coaches profiles, but I do think it’s a worthwhile effort,” O’Neil said. “They hardly ever contain anything but platitudes and inspirational messages, but every once in a while you can gain something.”O’Neil also says that she has used Twitter to reach out to coaches on occasion. The intimacy and immediacy of Twitter is able to bridge the gap that may exist between coaches, players and the public, but it also gives pause to journalists, especially O’Neil.“Everyone wants to be first and since Twitter is so instantaneous, I think sometimes in the mad rush to get news out, it’s not properly vetted or sources aren’t entirely checked,” O’Neil said. “We have strong policies about breaking news on Twitter –namely don’t do it — and I don’t have a problem with it. I’d rather be right and second than wrong and first.”On the other end of the Twitter spectrum is Duke’s Krzyzewski. According to Duke Director of Basketball Operations Chris Spatola, it’s not a matter of convenience, but rather a lack of necessity for Krzyzewski.“He is at a point in his career where that isn’t something that he’s going to do, and he doesn’t need to do, but our coaching staff is very active in social networking and representing our program from a coaching level through that,” Spatola said.Despite Krzyzewski’s hands-off approach to Twitter, several Duke players have active Twitter accounts, including starters Nolan Smith and Jon Scheyer. Though there aren’t any rules in place for what Duke players are allowed to post on Twitter, Spatola says, “You just have to make sure that they’re putting out appropriate information so that you’re not giving away what is going on in your locker room.”These same concerns about social networking also exist at Indiana University, where Crean has a Twitter profile, and many of his players have Facebook accounts.Assistant Athletic Director for Media Relations J.D. Campbell acknowledges that players need to take responsibility for what is on their Facebook page.“We try and educate our student-athletes that a lot of their privacy ends when you become a highly visible recruit. If the right person has access to their accounts, anything that they might say or post can come back to haunt them,” Campbell said. “We tell them to be smart in what they say and realize there can be consequences because many are considered public figures.”The one area of college basketball that Twitter hasn’t been able to affect is recruiting, at least not yet.Indiana basketball players Daniel Moore and Kory Barnett both said that Twitter and Facebook didn’t play a role in their recruiting process, noting that both platforms are in an infancy stage with recruits.Although Twitter hasn’t been a factor for certain players during recruiting, it’s still something that the NCAA monitors. Erik Christianson is the Director of Public and Media Relations for the NCAA, and he is aware of this trend.“We realize there’s direct communication opportunities within social networking, and we encourage our schools and others to be smart about how they’re using it,” Christianson said.This lack of impact in recruiting could also be due to why Krzyzewski has never used Twitter; it just isn’t necessary.As Associate AD Peevy says when asked if he thinks if Twitter has impacted recruiting at Kentucky, “I don’t think so. I think recruits know who Kentucky and coach Calipari are.”A team of Indiana University journalists is reporting for the Final Four Student News Bureau, a project between IU’s National Sports Journalism Center and the NCAA at the men’s tournament in Indianapolis.last_img read more

Nikita Kucherov injury update: Tampa Bay Lightning star will not play Thursday due to upper-body injury

first_imgLosing Kucherov, the reigning Hart Memorial Trophy and Art Ross Trophy winner, would prove a major blow to a Tampa Bay team still on the wrong side of the Eastern Conference’s playoff picture.The Blues defeated the Lightning 3-1 on Tuesday. Schenn issued Kucherov a blindside hit as the Russian goal-scorer backhanded the puck at the Tampa Bay blue line during Tuesday’s game.Brayden Schenn LEVELS Nikita Kucherov 💣 pic.twitter.com/kCwpeDwchE— Hockey Central (@HockeyCentraI) November 20, 2019A crowd gathered around Schenn after the hit and Tampa Bay’s Erik Cernak was ultimately issued two roughing penalties for seeking retribution on Schenn. Schenn himself was given a two-minute minor for roughing Kucherov on a late hit.Head coach Jon Cooper said after the game that Kucherov’s injury was not related to a concussion, but Kucherov was not able to return after he skated off the ice on his own.The 26-year-old has 18 points in 18 matchups after Tuesday’s game. Tampa Bay Lightning superstar Nikita Kucherov will not play against the Chicago Blackhawks Thursday due to his upper-body injury.Kucherov, 26, left Tuesday’s game against the St. Louis Blues late in the second period after he was hit by Brayden Schenn. Tampa Bay head coach Jon Cooper said that the injury is not concussion-related, but no more specific are known about the forward’s condition as of Nov. 21.last_img read more