first_imgzoom South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME) said on Monday that its Memorandum of Understanding (MoU) with Iran for the construction of offshore plants has been terminated as no progress was achieved on the deal.The MoU, signed in September 2016, was intended to provide the much-needed boost to DSME’s depleted offshore engineering orderbook, which has been one of the reasons behind the shipbuilder’s financial woes.The MoU was linked earlier to the construction of at least five jack-up rigs worth around USD 205 million each for the oil producer Iranian Offshore Oil Co. (IOOC).The deal came on the heels of the lifting of sanctions against Iran in January 2016, a move which saw international delegations rush to the country to negotiate shipbuilding deals as Iran looked to renew its outdated fleet.The post-sanction cooperation between the two nations has also seen DSME sign a business agreement on operation and technology instruction with the Iranian government for Iran Shipbuilding & Offshore Industries Complex Co. (ISOICO).The offshore industry downturn and the overall slump in the shipbuilding industry stemming from oversupply across the board have seen DSME resort to debt restructuring measures aimed at cost-cutting.DSME has achieved two profitable consecutive quarters in the first half of this year, returning to black after last year’s red ink.The sales for the first half of the year amounted to KRW 6.1 trillion (USD 5.4 billion), the group’s operating profit came at KRW 888 billion, while its net income reached KRW 1.448 trillion.DSME and its two compatriot yards suffered a major blow last year in their order intake, which stood at USD 10 billion in 2016, slashed from USD 24.3 billion in 2015.World Maritime News Stafflast_img

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first_img Clemson will be opening its season at Mercedes-Benz Stadium a couple of times in the near future. The Tigers will be playing Georgia at the stadium in 2020.Georgia Tech typically plays its home games at Bobby Dodd Stadium, which has a capacity of 55,000.Moving this Clemson-Georgia Tech game to Mercedes-Benz Stadium will allow for much more fans to be in attendance, but a lot of them could be supporting the Tigers.An official announcement on the game is expected to come this afternoon. a wide shot of the super bowl stadium in atlantaATLANTA, GA – DECEMBER 7: A general exterior photograph of Mercedes-Benz Stadium before the game between the Atlanta Falcons and the New Orleans Saints on December 7, 2017 in Atlanta, Georgia. (Photo by Scott Cunningham/Getty Images)ACC football will be on major display at the start of the 2020 college football season, with two programs opening that season at Mercedes-Benz Stadium in Atlanta, Georgia.Clemson and Georgia Tech will reportedly be opening the 2020 college football season at the home of the Atlanta Falcons.College football insider Brett McMurphy reports that the game has been moved to the NFL stadium. It will be televised on either ABC or ESPN and will open the 2019 season.“Georgia Tech’s 2020 home game w/Clemson has been moved to @MBStadium in Atlanta & will be the season opener, sources told @Stadium. Game will be televised on @ESPN or ABC,” he reports.last_img

first_imgzoom Marshall Islands-headquartered Global Ship Lease has taken delivery of a 2005-built, 8,063 TEU containership, the OOCL Tianjin. Upon delivery, the vessel commenced a timecharter back to the seller, Orient Overseas Container Lines Limited (OOCL), for 36 to 39 months at a rate of USD 34,500 per day. With this addition, the company’s fleet stands at 18 vessels with a total capacity of 74,412 TEU.Ian Webber, Chief Executive Officer of Global Ship Lease, said: “We are pleased to take delivery of this high-quality vessel, which adds USD 9.4 million to our annual EBITDA and between USD 37.7 and USD 40.9 million to our contracted revenue stream while diversifying our charter portfolio. OOCL is one of the world’s leading container liner companies and we are excited to establish a relationship with them.”Press Release, Image: NOAAlast_img

first_imgWINNIPEG — Manitoba’s advocate for children and youth says a girl who suffered repeated sexual abuse and died of a drug overdose was failed over and over again by the province’s child welfare system.The girl — identified only as Angel — was born to a mother with addiction issues and was apprehended by social workers 14 times by the time she was 12, says a 118-page report from Daphne Penrose released Thursday.But each time, the girl was returned to her mother without a proper assessment of the home and without supports for the family.“The (child and family services) agency conducted no meaningful assessments as to whether Angel’s mother was ready or able to provide safe care to Angel. So inevitably, Angel would be returned home, left in the risky situations, and when the risk became so sufficient, she was reapprehended again,” Penrose said.“When she was in care, CFS did not complete any long-term planning and did not demonstrate an understanding of their legal mandate to protect and provide for Angel.”Penrose, an independent officer of the legislature, makes six recommendations in her report, including a call for greater oversight to ensure agencies are meeting minimum standards.Penrose also says children need better protection from sexual abuse and sexual exploitation.Angel was sexually abused the first time when she was 21 months old, the report said. When she was seven, her family was waiting for housing on a reserve and living at the local healing centre. While her mother was out, another resident watching over Angel fell asleep and a third resident came into the room and sexually assaulted the girl.Angel dealt with her childhood trauma by acting out, Penrose said. She numbed herself with solvents and attempted suicide at age 11. She was later forced into the sex trade, became addicted to drugs and died of an accidental overdose in 2015 at the age of 17.She was in care at the time. The man who provided her drugs later pleaded guilty to criminal negligence causing death.“In Angel’s case, the public systems that should have protected her did not,” Penrose said.Penrose is also calling on government, police forces and others to expand outreach programs for exploited youth and to raise public awareness about the “relentless” sexual exploitation of children and youth.“As a community, we all have a role to play in making sure that people understand that … sexual exploitation is a violation of children’s human rights and we need to stop it from happening.”The report also calls for expanded mental-health services, specifically addressing childhood trauma and addictions. It can be hard to get a child into treatment, and even those going in voluntarily can find themselves turned away outside office hours, Penrose said.Steve Lambert, The Canadian Presslast_img

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