Pelita Samudera sees H1 profits halve, secures $19.8m in contracts

first_img“A contract worth almost $3.3 million was signed in June to ship Alumina from Kendawangan in West Kalimantan to Kuala Tanjung in North Sumatra using Handysize bulk carriers,” it reads.The company also secured a five-year charter contract extension for its Floating Loading Facility (FLF) with PT Asian Bulk Logistics and a tugboat charter with PT Dian Ciptamas Agung.At the same time, the company reported a 50 percent annual decline in its net profit in the first half of the year to $2.2 million. Pelita Samudera also posted a 2 percent year-on-year (yoy) revenue decline to $35.5 million, which it attributed to the operation of newly bought ships.“All four bulk carriers that we bought in 2019 have been fully operational this year, supporting the increase of charter revenue by 87 percent yoy to $6.6 million in the first half from $3.5 million in the same period last year,” the company said. Publicly listed shipping company PT Pelita Samudera Shipping secured US$19.8 million worth of long-term contracts in the first half as its profit halved amid slumping international trade.The contracts included a $3.3 million deal with state-owned mining holding company PT Indonesia Asahan Aluminium (Inalum), according to the company’s statement on Tuesday.Read also: Port operator Pelindo III records decline in ship traffic The company’s stocks, traded on the Indonesia Stock Exchange (IDX) under the symbol PSSI, remained unchanged as of 10:30 a.m. on Wednesday as the main gauge, the Jakarta Composite Index (JCI), retreated 0.1 percent. The company’s stocks have lost 9.7 percent of their value this year.Read also: Shipping industry weathers pandemic, oil price stormIndonesia’s sea freight industry suffered a double blow in May as falling international trade and a global oil price slump put pressure on shipping demand, according to the Indonesian National Shipowners Association (INSA).The association reported that container shipping revenue had fallen by between 10 and 25 percent from normal levels. Revenue from bulk carriers, such as tankers, tugs and barges, had dropped by between 25 and 50 percent.State-owned port operator PT Pelabuhan Indonesia (Pelindo) III previously announced an 8 percent annual decline in overall ship traffic and a 10 percent annual slump in freight shipping traffic in the first half of 2020.Pelindo III expectes a 9 to 15 percent annual decline in shipped goods by the end of 2020, from the 75 million tons of goods that were shipped last year.Topics :last_img read more

Key West Sand Replenishment in Full Swing

first_imgThe City of Key West, Florida, has officially begun the sand replenishment operations on their white sandy beaches.The project started on May 21, with beach fill work on Smather’s Beach on South Roosevelt Blvd. The scheme, which is expected to last about two weeks, is a painstakingly careful project because of nesting turtles.“Each morning, volunteers walk the beach searching for new nests and signs of turtle crawls before the beach is cleaned. Then the sand replenishment begins,” the city said in its release.According their latest project update, the city will be replenishing the sand on Dog and Simonton Beaches on the morning of Saturday, June 1st. The work will require beach closures, but the closures should only last a few hours.South Beach sand replenishment will be done on Monday and Tuesday, June 3rd and 4th, during which time that beach will be closed.All of these beautification projects – about $1.2 million – are funded by the Ft. Zachary Taylor surcharge.last_img read more

Online Dating 101: Keep It Fresh.

first_img Share 28 Views   no discussions Share Tweet By Scott Alden for HowAboutWeSo, you signed up for an online dating site and completed your profile. Six months ago. Something must have changed since then, right? So why doesn’t your profile reflect that? Did you cut all your hair off? Post a pic. We want to see how awesome you look. Did you go backpacking in Thailand? Tell us about it. New job? Congratulations! Make sure to update that in your basic information. Just had the best Bloody Mary of your life? Post the brunch spot as a date.An online dating site is not that different than a social network, really. When something new happens in your life, whether it’s earth shattering or not, it’s okay to tell people about it. Updating your profile regularly keeps you invested in your dating life and keeps your head in the game. And just like with a bold new hair color or some fresh new kicks, it will get you noticed.center_img LifestyleRelationships Online Dating 101: Keep It Fresh. by: – June 24, 2011 Share Sharing is caring!last_img read more

Maria Ressa prepared for ‘worst’ as verdict in cyber libel case out today

first_imgMANILA – Rappler’s chief executive officer Maria Ressa is ready for the “worst-case scenario” as a Manila court is set to promulgate today the cyber libel case filed against her and the online news website.Ressa said she believes the cyberlibel charge, which could detain her for up to 12 years if the Manila Regional Trial Court Branch 46 will rule her guilty, was the administration’s ploy to intimidate all critical voices.“I’m ready. I’m prepared for the worst. Rappler is prepared for the worst but we are desperately hoping for the best because we believe that the mission of journalism is extremely important today,” Ressa said in a virtual interview with the International Center for Journalists.“The attacks were four years in the making . . . I was arrested last year, not once but twice. As the verdict day came closer and closer, I know the possibility is there. I said this to the Princeton Class of 2020, the day we accomplish things is to embrace our fear,” she added.The cyber libel case against Ressa stemmed from a complaint by businessman Wilfredo Keng in 2017 over a Rappler story five years earlier about his alleged ties to a then Supreme Court Chief Justice Renato Corona.Based on the news report of former Rappler reporter Reynaldo Santos Jr., Keng has allegedly lend his black Chevrolet Suburban to Corona, who was then facing an impeachment complaint.Rappler reported that the SUV, which bore the plate number ZWK 111, was registered under Keng at the Land Transportation Office. While Keng admitted ZWK 111 was his, he said that he doesn’t own the SUV Corona had been using.Lawyer Melisas Andaya, the legal counsel of Keng, remained confident, however, that they will get a favorable ruling from the judge of the Manila court.“We have faith that justice will be served. The reputation of our client Wilfredo Keng will be vindicated,” Andaya said. “We have shown that there is no evidence linking him to the drugs and murder allegations mentioned in the defamatory online article.”“This should serve as a lesson that no one is above the law. Everyone should be more judicious and circumspect before making accusations, especially when the reputation of a private individual is involved,” she added.Aside from the cyber libel case, Rappler and Ressa are facing charges of tax fraud, violating the Securities Regulation Code and the Anti-Dummy Law, among others./PNlast_img read more

Governor’s Workplace Safety Awards applications open

INDIANAPOLIS — Employers can now apply for the 2015 Governor’s Workplace Safety Awards. These annual occupational safety and health awards honor Hoosier employers that advance the health, safety, and prosperity of Hoosiers.Indiana workplaces of all types and sizes are eligible for the awards, including businesses, municipalities, unions, schools, service organizations, and nonprofits.Awards are presented to organizations that have demonstrated exceptional workplace safety and health programs as well as processes or techniques relative to each organization’s size.To download an award application, visit must be received by the Indiana Chamber of Commerce no later than 5 p.m. (EST), Friday, Jan. 30, 2015.

Ugbade to Osimhen: Grab Napoli chance, shun racism hints

first_img Promoted ContentCan Playing Too Many Video Games Hurt Your Body?7 Of The Wealthiest Universities In The WorldWhich Country Is The Most Romantic In The World?10 Risky Jobs Some Women DoPlaying Games For Hours Can Do This To Your BodyThese TV Characters Proved That Any 2 People Can Bury The Hatchet2020 Tattoo Trends: Here’s What You’ll See This YearEver Thought Of Sleeping Next To Celebs? This Guy Will Show You7 Universities In The World With The Highest Market Value7 Black Hole Facts That Will Change Your View Of The Universe8 Addictive And Fun Coffee Facts10 Legendary Historical Movies You Should See The Corriere dello Sport maintain it’ll be €50m cash plus full-back Adam Ounas to cover the difference. Our sources close to Osimhen confirm the issue that had prompted him to turn down Napoli last week was with his entourage and that was smoothed over by the arrival of a new intermediary. Now those same sources confirm – as is also reported by RAI Sport and CalcioNapoli24 – that the previous agent was trying to negotiate extra bonuses for himself rather than focusing on the best deal for the player. read also:L’Equipe: Napoli still negotiating for Osimhen’s teammate Gabriel  The agent will be sacked and is now threatening to sue Osimhen. Radio Punto Nuovo also states that Osimhen has joined the negotiations on Lille President Gerard Lopez’s yacht off the coast of Sardinia. By all accounts, he could have his medical with Napoli on Thursday. FacebookTwitterWhatsAppEmail分享 Loading… center_img Golden Eaglets assistant coach, Nduka Ugbade, has urged Lille striker, Victor Osimhen to grab the opportunity of playing for Napoli and he should forget about the racism hints. Ugbade said advised Osimhen to look straight at where he is going and he should not yield to any unnecessary distraction that would deny him the chance of playing at the bigger stage of his career. “Racism is everywhere in Europe and Serie A did not tolerate that nonsense. They fight against it always because there are black players in the league. FIFA and UEFA are also supporting them to fight racism. Osimhen should not use racism as an excuse, he should focus on where he’s going for now,” he said. Osimhen has been contemplating about the Napoli offers since he visited the club with league of agents on his neck to accept the deal. “Every good player needs an opportunity to market himself irrespective of where the offer is coming from and he’s fortunate to play in the top leagues now Serie A. He should move and earn himself more respect and more money,” Ugbade said. Osimhen will sign for Napoli over the next 48 hours, according to Football Italia, as the problem was always with his agent, who is now threatening to sue the Lille striker. Multiple sources including L’Equipe claim that final negotiations are taking place today and tomorrow in Sardinia to secure the deal, worth in the region of €81m.last_img read more

Fain brings Stock Car quest to Super Nationals

first_img“Super Nationals isn’t all about racing. It’s about the people you meet and the fun you have,” he said. “Just to make the show would be great. Anything else would be gravy.” Fain’s son Tyler runs a Smiley’s Racing Products Southern SportMod and the two are regular travel companions. David Ries has helped Fain in the shop and at the track almost since day one.  “He’s helped me most of my career. We’ve traveled many a mile together,” said Fain, who brought a Modified to Boone in 2006 an 2016. “We haven’t always won but the racing is always a lot of fun.”  He’s raced for 20-plus seasons but 2020 will be the first time Texan Tommy Fain comes to Boone Speedway chasing a spot in the Stock Car main event. (IMCA Photo) The long-time driver of the God is Awesome car and owner of first-year IMCA sponsor Abilene Race Rads has three wins this season, just his second in the division after a distinguished career in the Modifieds. BOONE, Iowa – He’s been Paw Paw to granddaughter Addison for four years.center_img “I’ve raced more than 20 years and had watched the Stock Cars. They looked fun with a lot of side-by-side racing,” said Fain, a frequent runner at Abilene Speedway, Kennedale Speedway Park, Southern Oklahoma Speedway and Boyd Raceway. “They don’t take as much time and that gives me more Paw Paw time with my granddaughter.”  He’s been The Fan Man since he started selling Super Sucker Fan blades two years ago. What Tommy Fain hopes to be known as next is a first-time qualifier for the Stock Car main event at the IMCA Speedway Motors Super Nationals fueled by Casey’s. Fain won his heat race, then exited his Thursday night qualifier from sixth with a flat tire. He was second in his Saturday afternoon heat.last_img read more

Lorena “Rena” Riley

first_imgLorena “Rena” B. Riley (nee: Kash), of New Point, passed away on Tuesday, April 28, 2020 at her daughter’s house, after a long battle with Alzheimer’s disease.  Lorena was born September 1, 1937 in Beattyville, KY to George and Sarah (Chambers) Kash. She married Albert Riley on September 25, 1962. He proceeded her in death in October of 1988.A lover of cooking, Lorena was an avid gardener and could be found canning enough homegrown goods for the whole community. She enjoyed quilting, bingo and loved going to the zoo. Most important to her of all was her loving family.Survivors include daughter, Sarah and son-in-law, Larry Riehle and son Joe Rico Riley. Grandchildren, Jeff and Stacy Riehle, Sarah Leeann Riehle, and Kayla Riley. Great grandchildren, Carson Riehle, Kaylee Riehle, and Tristan Hess. Sister, Joy Hollan and brother, Daniel Kash.She was proceeded in death by her parents George and Sarah Kash, her husband Albert Riley, granddaughter Kira Riley, sister Mary Wilson and brothers George Kash Jr, Willie Kash, Cordy Kash, Virgil Kash, Gordon Kash, Jimmie Kash and Dorcey Kash.Due to the COVID-19 restrictions, a private service will be held for immediate family at Maple Grove Cemetery in Brookville, IN.Memorials may be made to the Walk to End Alzheimer’s Southeast Indiana Triple R’s Team or Margaret Mary Health Hospice by donating directly on link or by mailing to Meyers Funeral Home, P.O. Box 202, Batesville, IN 47006.We also encourage you to leave a message at on Lorena’s obituary page for the family in the online guestbook or send a card to using the link on the page.last_img read more

Trump Might Host 2020 G7 At His Doral Golf Resort in Florida

first_imgAs President Trump departs the 2019 G7 Summit in France he is already thinking about next year’s summit that will be hosted by the United States.Today the president says he’s “possibly” considering hosting the 2020 G7 summit at one of his golf resorts in Florida.Trump said today he hasn’t made a final decision on where the U.S. will host next year’s summit, but unnamed officials, as he put it,”haven’t found anything that’s even close to competing” with his Trump National Doral Miami Golf Resort. President Trump says he is “possibly” looking at hosting the next G7 summit at his Trump National Doral Miami Golf Resort.— CNN (@CNN) August 26, 2019 Trump said the large property could easily accommodate the G7 leaders, delegations, and international press.last_img read more

Kares Engineering Inc. is the new title sponsor for Boyce and Jefford Classic

first_imgKARES` Engineering Inc. has “risen to the challenge” and comes on board with the annual Boyce and Jefford Track and Field Classic, officially signing on as the title sponsor for the lucrative event, which goes down next weekend, August 12-13, at the MSC ground, Linden.Boyce and Jefford Committee Co-chairman, Edison Jefford, formally announced at a press briefing yesterday that the anticipated event has been rebranded the ‘Kares Engineering Inc./Boyce and Jefford Track and Field Classic”.Kares came on board after the former main sponsor of the event, telecommunications giant Digicel found it “difficult” to renew their sponsorship this year, after a seven-year partnership with the event.Chairman of the Boyce and Jefford Committee Colin Boyce, showered praise on the engineering company for taking up the mantle and making it possible for the event to continue, thanking Kares CEO Radesh Rameshwar for coming on board.“I must express sincere gratitude for having Kares Engineering Inc. partnering with us at this very crucial time to host the eighth edition of the Boyce and Jefford Track and Field Championship,” Boyce commented.Boyce also took the opportunity to voice his hopes that from next year the competition could for the first time be held on a synthetic track, as anticipation continues that such a facility will be constructed in Linden sometime this year.Speaking on behalf of Kares was the company’s Communications Consultant Mondale Smith, who noted that as a construction company Kares is also concerned about building Guyana through its youths who are the future of the country as ‘Kares cares’.Five of Guyana’s top athletic clubs – Police, Guyana Defence Force, Super Upcoming Runners, De Challengers, and Upper Demerara Schools Track Club – are confirmed to participate at this year’s Classic, where they will be battling for the grand first prize of $1 million.Those who don’t make the top spot need not despair, however, as second-, third- and fourth-place clubs will still pocket $500 000, $300 000 and $200 000, respectively.Over 140 local and international athletes are set to match skills. The event is expected to see Ugandan middle distance runner Julius Mutekanga, who will be in the international men’s 800m event.The men’s 800m is one of six “international” events on the card at this year’s Classic, the other events being the male and female 200m, female 1500m and the male and female long jump.Each of the international events carries at US$500 purse with US$250 for the winner; US$150 to second and US$100 for third. The male and female champion athletes will also cash in, running away with $50 000 each.Eight gate prizes will also be given away to lucky ticket holders.Children’s tickets are available at ZSK Beverage Depot for only $500, while all other tickets will be $1000 at the venue on the day. Movements Sound, DJ Winston, Father Moey and Determine Immortal Sound will be providing the Entertainment throughout the event.last_img