Indian Scrapping Sector in Another Gloomy Week

first_imgIndian sub-continent shiprecycling destinations have seen another negative week of pricing following the release of the 2017 budget announcements, according to GMS, a cash buyer of ships for recycling.The Bangladesh Shipbreakers Association (BSBA) submitted an official appeal to the finance minister in order to try to reduce, or reverse the punitive duties and taxes imposed on the domestic shiprecycling sector by the budget.However, there has been no positive outcome and it does seem as though prices will soften by about USD 40 – 50/LDT going forward, especially if the full conditions of the budget come into effect.“The extent of the falls witnessed over the last month or so have indeed been rather unexpected and shocking to the industry overall,” GMS said, adding that at least USD 50/LDT have come off prices ever since the markets came to within inches of touching the USD 400/LDT mark during the first quarter of the year.Despite the firming levels at that time, supply remained relatively stagnant, especially when compared to the corresponding period last year. The markets have witnessed a sharp reduction in the number of containers and bulkers heading to the beaches this year with only a marginal increase in the number of tankers proposed so far, GMS informed.Given the recent negative ongoings, declining prices and bad budgets, “end buyers across the sub-continent markets remain extremely conservative and cautious with their pricing.”Considering that vessel prices had recorded a remarkable increase of over USD 100/LDT during the peak this year, even with the recent declines, levels today “are strong and remain about USD 50/LDT above those from January 1, 2017.”GMS said that it therefore expects the summer months to remain modest in terms of pricing and activity as cash buyers and sellers wait for some added stability and aggression to buy while the markets adjust to the new ‘lower’ prices on show.last_img read more

Cesar conquers 141 Stock Car opener

first_imgFRANCIS CREEK, Wis. (May 4) – Brian Cesar liked the idea of starting up front in the season-opening IMCA Sunoco Stock Car feature at 141 Speedway. He liked even better that every lap led was $30. Cesar decided to take charge of the show and led every lap en route to the 20 lap win. Benji LaCrosse already has his new car figured out early, dominating a stacked field of 38 IMCA Modifieds. The win netted him a $990 pay day, which included lap leader money and extra money from Ricky Lemmens.  By Greg Aregoni Shaun Bangart won the 15-lap Mach-1 Sport Compact feature.center_img A late caution set up a green, white, checkered finish in the Karl Kustoms Northern SportMod feature, won by Ryan Lemieux.  Cesar had to take every challenge that former champion Brett Wenzel threw at him. Wenzel used vari­ous lines to try and get around Cesar but could never get enough momentum. Cesar took home $910 for the win which included lap leader money. Wenzel settled for second.  One hundred and fifty-three cars battled in the lidlifter at Francis Creek.last_img read more

Kohli, de Villiers finally take RCB to their first win of the IPL season

first_imgSENSATIONAL fifties from Virat Kohli and AB de Villiers overshadowed Chris Gayle’s unbeaten 99 as Royal Challengers Bangalore (RCB) finally snapped a six-match losing streak this IPL season with an eight-wicket win over Kings XI Punjab (KXIP) in Mohali yesterday.Kohli (67) in company of AB de Villiers (59 not out) scripted a superb run-chase, sharing an 85-run stand to lay the foundation.The India skipper blasted eight boundaries, while de Villiers clobbered two sixes and five hits across the rope in his 38-ball innings.Invited to bat, dashing West Indies opener Chris Gayle (99) carried his bat through with an unbeaten 99, studded with five sixes and as many as 10 hits to the fence to single-handedly anchor Punjab to 173 for four.Kohli and de Villiers then did the bulk of the scoring and once the skipper was dismissed in the 16th over, Marcus Stoinis (28 off 16) played a crucial cameo to take the team through with four balls to spare.With this victory, RCB also avoided the ignominy of most successive losses for a team at the start of an IPL season. FLYING STARTChasing 174 to win, Parthiv Patel and Kohli gave RCB a flying start, amassing 43 off 23 balls but the left-handed opener was caught by Mayank Agarwal off R Ashwin in the 4th Villiers and Kohli then took the bowlers to the cleaners, picking up boundaries at will, as RCB brought up the 100 in the 12th over.Kohli completed his second fifty of this IPL season in 37 balls but runs dried up a bit in the middle with M. Ashwin (24/0) and Andrew Tye (4-40) bowling a tight over each.Mohammad Shami then gave Punjab a glimmer of hope when he dismissed Kohli, who pulled one straight to M. Ashwin as RCB slipped to 128 for two.But Marcus Stoinis and de Villiers ensured there were no hiccups, sharing 46 runs, as RCB romped home comfortably in the end. GAYLE MAGICEarlier, Gayle stitched a 66-run opening stand off 38 balls with KL Rahul (18) and kept the scoreboard ticking even though he lost partners on the other end.RCB could have dismissed Gayle in the first over itself when he was hit on the leg by Umesh Yadav but Virat Kohli didn’t go for a DRS and the West Indian escaped.Gayle made RCB pay for the mistake as he hit a four and six off Umesh’s next over, before Rahul joined the party and smashed a couple of fours off the India pacer in his third over.In the sixth over, Gayle exploded as he welcomed Mohammad Siraj with a four at long off and followed it up with a six over long-on and another boundary across cover.He then pulled another one over square leg before sending the ball across the fine leg as KXIP amassed 24 runs to end the powerplay at 60 for no loss.Chahal was then introduced into the attack and Rahul lifted him over long-on for a maximum but the spinner had him stumped in the next delivery to produce a crucial breakthrough.Mayank Agarwal then joined Gayle, who completed his fifty in 28 balls.Agarwal smashed Chahal over extra cover for a six but the spinner cleaned him up in the next delivery as Punjab slumped to 86 for two.Sarfaraz Khan (15) and Gayle then took Punjab across the 100-mark before the former was caught behind off Siraj’s delivery.Sam Curran (1) too couldn’t stay long and was removed by Moeen Ali as Punjab slipped to 114 for four in 14th over.Mandeep Singh (18) and Gayle then provided the late charge, scoring 60 off 37 balls.Gayle, who has six tons to his name, needed 10 runs in the last over to complete another century but he fell short by just one run despite hitting the last ball for another four.last_img read more

Jamaica Festival Song Competition 2018 to launch on November 30

first_imgCanceled in 2017, the popular Jamaica Festival Song is to be held in 2018 following an official launch on November 30. Plans are under way for the 2018 staging of the Jamaica Festival Song Competition, which is scheduled to be launched on November 30.Last week, commissioners and senior officers at the Jamaica Cultural Development Commission (JCDC)  met with songwriters and producers  to discuss the plans.The talks focused on the vision for the competition, criteria for the selection of the winning song, incentives for winners, and increasing participation from the local music fraternity.Interim Executive Director of the JCDC, Orville Hill said that the meeting was important in order to hear the views of the producers.“The conversation was important so as to get some of the ideas from the producers, who are critical to the Festival Song and as part of the process for it to be more inclusive,” he said.He noted that the ideas that came out of the talks will be examined “to see to what extent we can incorporate them in the plans for the Festival Song 2018”.He said the decision to launch the competition in November is to mobilize singers, writers and producers, “to get them to start creating a product that will ultimately be satisfactory to the Jamaican people”.He said the early launch will also help to generate public interest in the contest before the submission of entries.Entry forms are available here.last_img read more

Bayern Munich ban two English newspapers over coverage of Bastian Schweinsteiger sending off

first_imgBayern Munich have announced that they have banned The Sun andThe Mirror because of headlines used after their 1-1 Champions League draw with Manchester United.The German giants have refused to give accreditation to journalists from the two tabloids for the return leg in Munich next Wednesday after they mocked midfielder Bastian Schweinsteiger.Schweinsteiger was sent off in the 90th minute of the game for a foul on England international Wayne Rooney, a decision Bayern manager Pep Guardiola said was “wrong” in his post-match press conference.Schweinsteiger also appeared to accuse Rooney of diving before he left the pitch, although the United striker has responded by insisting he could have been severely injured by the German’s studs-up tackle. The midfielder will miss the game next week through suspension and will be sorely missed by the Bundesliga club.The Mirror have been banned for their headline ‘You Dirty Schwein’ whileThe Sun have also been prevented from attending the game at the Allianz Arena for their headline ‘You Schwein’.last_img read more