Higher Charter Rate for Dianas Capesize

first_imgzoom Greece-based dry bulk vessel owner Diana Shipping has entered into a time charter contract with Hong Kong’s EGPN Bulk Carrier for one of its Capesize dry bulk vessels, the M/V Boston.As informed, the gross charter rate is USD 17,000 per day for a period of minimum sixteen to maximum nineteen months and the charter commenced on December 6.The employment is anticipated to generate approximately USD 8.16 million of gross revenue for the minimum scheduled period of the time charter, Diana Shipping said.The 177,828 dwt Boston was previously chartered to Clearlake Shipping from Singapore at a gross charter rate of USD 13,000 per day from August 2015 to this December.Built at Chinese shipyard Shanghai Waigaoqiao Shipbuilding in 2007, Boston has a market value of USD 20.52 million, VesselsValue’s data shows.Diana Shipping’s fleet currently comprises 50 dry bulk vessels. As of today, the combined carrying capacity of the company’s fleet is approximately 5.8 million dwt with a weighted average age of 8.29 years.last_img read more

Carnival Victory Cruise Ship to Be Renamed after Major Refit

first_imgzoomIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license Carnival Cruise Line, part of Carnival Corporation, revealed plans to rename one of its ships, Carnival Victory, following a bow-to-stern refurbishment in 2020.The renovation will complete a USD 200 million enhancement program and the 2000-built ship will be renamed Carnival Radiance.The vessel will undergo a 38-day dry dock which will take place in Cadiz, Spain, from March 18 to April 26, 2020.Homeport and itinerary details for the new Carnival Radiance will be announced in mid-November, according to the company.Today’s announcement follows previously unveiled plans to transform Carnival Triumph into Carnival Sunrise next year, part of the company’s eight-year, USD 2 billion fleetwide modernization program.Carnival launched its fleet enhancement program in 2011. Since then, it has completed refurbishments to more than 20 ships, taken delivery of three new ships and has three additional ships scheduled for delivery through 2022.last_img read more

Euronav Returns to Black in Q4

first_imgzoomImage Courtesy: Euronav Belgian tanker shipping giant Euronav reported a net profit of USD 0.1 million in the fourth quarter of 2018, tapping into the market recovery.The results indicate a return to black compared on a quarterly basis, as Euronav had a net loss of USD 58.7 million in the third quarter of 2018. However, year-on-year the profit was lower, as Euronav’s profit in the fourth quarter of 2017 stood at USD 19.4 million.“The VLCC trading performance in Q4 2018 gives an important signal on the structure of the large crude tanker market. VLCC freight rates trading at rates not seen in the last two years demonstrate an already tight balance between tanker demand and supply. The factors impacting the crude tanker market are very dynamic and likely to remain so for the foreseeable future. The fundamentals such as oil demand, ton mile expansion and vessel supply remain on an improving trajectory that should be reflected in a healthy rate environment,” Paddy Rodgers, CEO of Euronav, said.The tanker shipping company said the results were affected by a number of exceptional non-cash items, including a capital loss of USD 3 million on the sale of the Suezmax Felicity despite being transacted at values well -above market.Commenting on the market fundamentals, the company pointed to returning OPEC barrels, rising US exports and record Chinese imports, incentivized by the 35% fall in the price of crude during Q4, boosting usual Q4 seasonal uplift.“US-China trade tensions have largely bypassed oil markets as US crude exports to China have diverted to similar ton mile destinations, e.g. South Korea, Japan and Taiwan. More recently direct US crude exports to China have restarted,” the company added.Market OutlookEven though recycling activity understandably slowed during the quarter, the large tanker fleet has matured with the average VLCC age in the global fleet rising 24% to 9,5 years since 2014, Euronav continued. This along with restricted access to capital for many operators implies time expired vessels will be a consistent feature going forward, driving a persistent level of recycling activity and restraining fleet growth.Absorption of an above trend order book remains the key challenge for tanker operators during 2019, according to Euronav, and specifically during the first half of the year. Specifically, 79 VLCCs are set to enter the global fleet, while further 14 Iranian VLCCs are expected to exit the global fleet.Preparation for IMO 2020 is also expected to reduce VLCC equivalent capacity given voluntarily dry docking for scrubber retrofitting (20) and US crude export capacity is anticipated to expand as pipeline constraints are lifted from mid-year (10). These factors, supported by a normalized demand, IEA forecast 1.4m bpd, and recycling patterns, imply an order book that is important but manageable, Euronav continued.OPEC-led crude supply restrictions are also anticipated to bite during the first half of the year.Moving forward, Euronav sees many opportunities from IMO-driven disruption in reducing capacity, further supply expansion from US exports, a substantially lower spot oil price stimulating demand and re-establishing a contango pricing structure provide supportive factors.“Euronav retains flexibility via a strong balance sheet, high exposure to the 2019 tanker market with very limited dry docking activity and anticipates further freight rate recovery during 2019,” the company pointed out.So far in the first quarter of 2019, the Euronav VLCC fleet operated in the Tankers International Pool has earned about USD 41,000 and 43% of the available days have been fixed. Euronav’s Suezmax fleet trading on the spot market has earned about USD 32,700 per day on average with 36% of the available days fixed, the company concluded.last_img read more

USPA Takes Next Step in Azov Sea Ports Development Plan

first_imgzoomIllustration; Image Courtesy: USPA The Ukrainian Sea Ports Authority has taken the next step in its development plans for the ports of Mariupol and Berdiansk in the Azov Sea.Namely, the authority, which was created for the integrated development of the port infrastructure of Ukraine, unveiled new tenders for deepening works at the aforementioned ports. Two tenders for dredging works were announced, with applications being accepted until January 14, 2019.“The Ukrainian Sea Ports Authority has decided to divide the scope of work in ports on the Azov Sea,” Raivis Veckagans, the Head of the USPA, said.“This is done so that potential contractors can mobilize the necessary fleet to perform works in each specific port. We are interested in attracting the maximum number of participants in tenders and the earliest possible start of dredging works in Mariupol and Berdiansk.”Once selected, the contractor would need to remove 1.85 million cubic meters of material from Berdiansk port’s approach channel and in the inner water area of the port. The volume of materials planned to be removed from the Mariupol port is 1.9 million cubic meters, with the main works expected to be undertaken on the approach channel of the Coal Harbor.USPA said that the removal of depth restrictions is an important factor in reducing the cost of cargo transshipment and improving the competitiveness of Ukrainian ports on the Azov Sea.last_img read more

Province Honours Campground Host Weekend

first_imgNova Scotia Provincial Parks’ volunteer campground hosts are being recognized with a Campground Host Weekend from June 22 to 24 in Battery Provincial Park, St. Peter’s, Richmond Co. Department of Natural Resources began the host program in 1996 and, by 2006, there were 62 volunteer hosts in selected provincial parks. The Campground Host Weekend will bring together hosts to share stories and experiences and to give new hosts the opportunity to meet the experienced volunteers. “The goal of the host program is to provide excellent levels of customer service within the Nova Scotia Parks system,” said Natural Resources Minister David Morse. “By creating a warm, welcoming atmosphere, campground hosts offer a service that cannot be bought at any price.” Being a campground host is a unique opportunity to enjoy and spend time in Nova Scotia’s finest parks and to meet people from all over the world. Hosts help fellow campers by offering helpful information about the facilities and programs offered in the park and surrounding area. They share knowledge of many off-the-beaten-track places with first-time visitors to the province, as well as with those who return again and again. David and Shirley Whiston have been hosts at parks throughout the province for 10 years. “We love Nova Scotia and the provincial parks are so special,” said Mrs. Whiston. “Before we start camping each year, we collect information and maps from tourist centres and community papers to put together a list of events and festivals.” “We enjoy giving campers a personal touch,” said Mr. Whiston. “We have met people from around the world.” Park staff benefit from the positive feedback from visitors and having more time to attend to maintaining high quality park facilities. Visitors receive a total holiday experience that encourages some to stay longer, and leave with pleasant memories of a unique holiday. To find out more about the campground host program, go tohttp://parks.gov.ns.ca/camphost.htm .last_img read more

Property Assessment Notices Sent in Southern Region

first_imgAssessment notices are in the mail today, Jan. 22, to property owners in the southern region of the province. In the region, the total value of property assessments is almost $8.9 billion, an increase of about 9.1 per cent from 2007. “The real estate market continued to be strong and this is reflected in rising property values,” said Lloyd MacLellan, senior director of operations and commercial valuation for Service Nova Scotia and Municipal Relations. “The residential sector is very strong.” Regionally, residential property values increased by 10.7 per cent and commercial assessments increased by three per cent from 2007. Provincially, residential property values increased by 11.2 per cent and commercial assessments increased by 5.9 per cent from 2007. Overall, Nova Scotia property values were up 9.8 per cent. Notices of property assessments for most residential properties will include a personal identification number as well as an assessment account number. By entering the information on the assessment website, www.nsassessment.ca , owners can look up assessment information about their property. Those without Internet access can obtain the information and answers to assessment questions by calling 1-800-667-5727. Property owners may appeal the market-value assessment if they do not believe it is a reasonable estimate of market value as of Jan. 1, 2006. To appeal, the form on the bottom of the assessment notice must be filled out and returned to the regional assessment office by midnight Monday, Feb. 11. This is the first year where property owners did not have to apply to the Capped Assistance Program (CAP), a provincial program designed to protect Nova Scotia property owners from dramatic increases in market values. Last year, the CAP value was set at 10 per cent. Now, it is tied to the Nova Scotia Consumer Price Index which was 2.3 per cent this year. As a result, there were 278,338 properties capped this year, up from 32,721 properties last year. In the Southern region, there were 43,874 capped properties this year, up from 9,119 capped properties last year. Where an assessment notice shows a taxable market value and a taxable CAP value, the municipality will calculate property tax on the lower of the two values.last_img read more

Province Supports Economic Growth in Rural Communities

first_imgThe province is lending a hand to a rural, family-owned business that has been supporting the livestock industry and its community for nearly a century. Bowlby Quality Meats Ltd., in Greenwood, Kings Co., will receive a loan for $150,000 through the Department of Economic Development’s Industrial Expansion Fund to assist with working capital. “This company has been successful over the years with taking its products to niche markets, expanding its operations and maintaining jobs,” said Economic Development Minister, Angus MacIsaac. “We are committed to helping rural businesses like Bowlby Quality Meats Ltd. contribute to healthy, vibrant communities across Nova Scotia.” The loan will help to ensure the company’s sustainability, maintain jobs and secure its future. “We value the contribution that Bowlby Quality Meats makes to the agriculture sector and, in particular, to the livestock industry in Nova Scotia,” said Agriculture Minister Brooke Taylor. “The Department of Agriculture will continue to support Nova Scotia producers and processors so we can offer consumers the opportunity to buy local food products.” “We are honored to have served our community for the last 100 years,” said Glenn Bowlby, owner of Bowlby Quality Meats Ltd. “With the province’s investment, we will continue to add value to this industry and contribute to our community.” The Industrial Expansion Fund is one method used by the government of Nova Scotia to support economic development in the province. It is key to helping industries involved in innovation and technology and contributing to a prosperous and sustainable business climate for Nova Scotia. The Industrial Expansion Fund has considerable flexibility in the amount and type of funding it can provide.last_img read more

Traffic Advisory Road Conditions

first_imgForecasted rain for Saturday, Jan. 11 will make ice-covered gravel roads very slippery this weekend. The rain will wash away the sand recently put on the roads to improve conditions. Transportation and Infrastructure Renewal graders will be cutting the ice to try to keep the roads passable. Use extreme caution on all gravel roads. Please continue to check 511 for updates. -30-last_img

Présentation du nouveau processus dexamen des écoles

first_imgLe nouveau processus d’examen des écoles s’appuiera sur la planification à long terme, la mobilisation du public et la collaboration. La ministre de l’Éducation et du Développement de la petite enfance, Karen Casey, a présenté aujourd’hui, 23 avril, des modifications à la loi sur l’éducation (Education Act) qui cautionnent le processus d’examen des écoles et en dressent les grandes lignes. « Nous avons pris en compte les préoccupations des parents et des enseignants. Par conséquent, le nouveau processus d’examen des écoles diffère considérablement du processus antérieur et il met l’accent sur une meilleure planification et une plus grande collaboration, a déclaré Mme Casey. Les modifications à la loi représentent la première étape de la mise en œuvre du nouveau processus. D’autres points seront réglés au cours des prochains mois avec nos partenaires pour arriver à une politique globale d’examen des écoles. Le processus sera en place en septembre. » Les modifications correspondent aux recommandations de Robert Fowler qui, l’hiver dernier, a tenu une consultation publique sur le processus en place. Voici les principales caractéristiques du nouveau processus. Les conseils scolaires devront élaborer un plan régional à long terme pour leurs écoles. Dans leur plan à long terme, les conseils scolaires devront désigner un groupe d’écoles qui seront soumises à un examen. – Un comité local d’examen des école procèdera à l’examen de chaque groupe et étudiera les meilleures solutions avec l’aide d’un conseiller indépendant. Les rapports et les recommandations seront rédigés par le comité d’examen et non pas uniquement par le personnel du conseil scolaire, les parents ou la collectivité. Les conseils auront plus de souplesse quant au moment d’entreprendre un examen. Pour les étapes de l’examen des écoles, on accordera des périodes de temps au lieu de donner des dates précises (par exemple dans les 30 jours). Les conseils scolaires resteront responsables de la prise de décision concernant la fermeture d’une école. Le comité d’examen, sous la direction de M. Fowler, a été créé en 2013 pour étudier le processus en profondeur. Il a rencontré les intervenants, le public, les conseils scolaires, les municipalités et les conseils consultatifs des écoles. M. Fowler a envoyé ses recommandations à Mme Casey le 28 février dernier. « Je tiens à remercier M. Fowler et tous les Néo-Écossais qui ont participé à l’examen, a déclaré Mme Casey. J’accepte en principe toutes les recommandations de M. Fowler. » À l’heure actuelle, aucune école ne fait l’objet d’un examen et aucun examen ne peut avoir lieu tant que la nouvelle procédure ne sera pas en place. Les recommandations de M. Fowler et la réponse de Mme Casey se trouvent sur le site www.ednet.ns.ca/schoolreview .last_img read more

Government Gets Ownership Porters Lake Canal

first_imgThe Department of Natural Resources has signed an agreement with the Government of Canada to get ownership of the Porters Lake Canal. The Government of Canada will transfer the land at no cost. The agreement was announced today, March 31, by Kevin Murphy, MLA for Eastern Shore, on behalf of Natural Resources Minister Zach Churchill. “This is a beautiful area of the province and I’m so pleased that the people of Nova Scotia will own this land. The area will remain available for outdoor enthusiasts to engage in activities like hiking and boating.” The canal consists of 2.88 hectares and runs between Porters Lake and Three Fathom Harbour. It offers boating enthusiasts a link between Porters Lake and the Atlantic Ocean. A hiking trail that runs along the edge of the canal intersects with an abandoned railbed. Over the next few months, the Department of Natural Resources hopes to work with local community organizations to help manage the canal.last_img read more

Premier Congratulates Order of Nova Scotia Recipients

first_imgPremier Stephen McNeil extended congratulations today, Aug. 28, to the five Nova Scotians who will be invested into the Order of Nova Scotia. “These outstanding individuals represent the best in environmental activism, community leadership, education, health care, entrepreneurism and literature that our province has to offer,” said Premier McNeil. “On behalf of all Nova Scotians, I congratulate these extraordinary men and women. It is important to recognize that these recipients were nominated and chosen for this special recognition by their fellow Nova Scotians in tribute to their lasting contributions to our province.” The 2015 Order of Nova Scotia recipients are: Dr. Margaret Macdonald Casey, Louis E. Deveau, Martin R. (Rudy) Haase, Sharon Hope Irwin and the late Alistair MacLeod. The 2015 recipients will be recognized at the 14th investiture ceremony Sept. 30 at Province House.last_img read more

Weekly Traffic Advisories

first_img INVERNESS COUNTY: West Lake Ainslie Road The Hayes River Bridge on West Lake Ainslie Road has a 15-tonne weight restriction. YARMOUTH COUNTY: Gavel Bridge Gavel Bridge on Gavel Road over Gavels Lake is closed for replacement until Sunday, Nov. 15. Use an alternate route. COLCHESTER COUNTY: Highway 102 Sections of the southbound lanes of Highway 102, from Exit 11 at Stewiacke to the Colchester County line, are reduced to one lane until Monday, Nov. 30, to install rumble strips. Work takes place from 7 a.m. to 7 p.m. INVERNESS COUNTY: Highway 105 Sections of Highway 105 from east of the Port Hastings Rotary, for about 13.5 kilometres to Queensville, are reduced to one lane for paving until Tuesday, Dec. 15. Traffic-control people and a pilot vehicle are on site. Work takes place from 6:30 a.m. to 5:30 p.m. COLCHESTER COUNTY: Plains Road Plains Road, from Ventura Drive to Lancaster Crescent, is closed during culvert installation until Monday, Nov. 30. Traffic control people are on site. There is an alternate route via Masstown Road, Trunk 2, and McElmon Road. CONTINUING WORK INVERNESS COUNTY: Crowdis Bridge Crowdis Bridge is closed until further notice for repairs. A detour is available via Crowdis Cross, West Big Intervale, and Hatchery roads. CUMBERLAND COUNTY: Eddy Road Eddy Road to Fort Lawrence, near Amherst, is closed until further notice because of a collapsed culvert. DIGBY COUNTY: Bonnie Road The Bonnie Road Overpass over Highway 101 near Meteghan, is closed to all traffic until further notice. A detour route is marked. LUNENBURG COUNTY: Sarty Road Sarty Road, from Crouse Settlement Road to Camperdown Road, has alternating lane closures for resurfacing and upgrading until Saturday, Nov. 7. Work takes place from sunrise to sunset. YARMOUTH COUNTY: Quinan Causeway Bridge Traffic on Quinan Causeway Bridge on Route 308, Quinan, will be reduced to one lane for repairs until Wednesday, Nov. 11. Work takes place from 8 a.m. to 5 p.m. COLCHESTER COUNTY; Trunk 4 Sections of Trunk 4, for about four kilometres from Highway 104 to the Masstown Market, are reduced to one lane for guardrail work and paving until Tuesday, Dec. 1. Traffic control people are on site. Expect stop-and-go traffic. LUNENBURG COUNTY: Bridgewater Bridge The Old Town Bridge in Bridgewater is closed to all vehicular and pedestrian traffic until Friday, Nov. 13 for replacement of damaged sections of steel decking. Detour on Veterans Memorial Bridge.center_img DIGBY COUNTY: Salmon River Bridge Salmon River Bridge, on Trunk 1, in Salmon River, is reduced to one lane for repairs until further notice. The bridge has an 18-tonne weight restriction. Vehicles over 18-tonnes must use the detour route on Salmon River Road, Exit 32 Hwy. 101 to Exit 31. NEW WORK RICHMOND COUNTY: Trunk 4 Trunk 4, from west of Soldiers Cove Road westerly for 5.5 kilometres, has alternating lane closures for paving until Monday, Nov. 30. Work takes place from 7 a.m. to 7 p.m. -30- PICTOU COUNTY: Trunk 4 Sections of Trunk 4, from Pleasant Valley Road, for about five kilometres west to Route 376, are reduced to one lane during bridge repairs and repaving until Monday, Nov. 30. Motorists should travel with caution through the construction zone. Work takes place from 6:30 a.m. to 6:30 p.m. CAPE BRETON REGIONAL MUNICIPALITY: Highway 125 The westbound ramp at Exit 8 on Highway 125, is closed to all traffic until Thursday, Nov. 12. Detour via Church Hill Drive. VICTORIA COUNTY: Gillis Bridge Gillis Bridge, on North Branch Road, just past Uisge Bàn (USH-KA BAN) Falls Provincial Park, is closed until further notice. Access to the park is not affected. KINGS COUNTY: Whitman Bridge Whitman Bridge, on Whitman Road between Maple Avenue and Ward Road in Aylesford, is closed for repairs until further notice. The detour route is Maple Avenue to Victoria Road to Ward Road. VICTORIA COUNTY: Middle River Bridge Middle River Bridge, Highway 105 at Nyanzya, is reduced to one lane for bridge repairs until Tuesday, Dec. 15. Traffic control signals are in place. DIGBY COUNTY: Melanson Mills Bridge Melanson Mills Bridge on Marc Comeau Road is closed until further notice to replace the deck. A detour route is in place. LUNENBURG COUNTY: Highway 103 Highway 103, Exit 10, has alternating lane closures for bridge repairs, and installing new bridge rails, until Saturday, Nov. 14. Temporary traffic lights are in place.last_img read more

Provincial Government Office Closures in Cape Breton

first_imgThe following provincial government offices in Sydney are closed today, Oct. 11, due to a power outage: Sydney Provincial Building, 360 Prince St. 1030 Upper Prince St. Access Nova Scotia Centre, 380 Kings Rd. With multiple and sporadic power outages across Cape Breton, please call local government offices to ensure they are open. An update will be sent out once operations return to normal. -30-last_img

Modifications à la loi sur les garderies

first_imgLe gouvernement a présenté des modifications à la loi sur les garderies (Day Care Act), aujourd’hui 11 septembre, afin de permettre aux familles de continuer d’avoir accès à des services sécuritaires et de qualité supérieure dans les programmes de garderie en milieu familial. Le ministère de l’Éducation et du Développement de la petite enfance aura une plus grande autorité réglementaire en ce qui a trait aux programmes de garderie en milieu familial. « Les familles veulent avoir accès à des possibilités de qualité supérieure en matière d’éducation de la petite enfance, affirme Zach Churchill, ministre de l’Éducation et du Développement de la petite enfance. Nous apportons à la loi des changements mineurs, mais importants afin de renforcer la responsabilisation des agences qui réglementent les programmes de garderie en milieu familial. » Les modifications : Les agences de services de garderie en milieu familial offrent du soutien aux fournisseurs approuvés de services de garderie en milieu familial et assurent leur surveillance et leur responsabilisation. Les services réglementés de garderie en milieu familial sont offerts par des fournisseurs approuvés par une agence agréée de services de garderie en milieu familial. Les fournisseurs approuvés de services de garderie en milieu familial peuvent accueillir jusqu’à sept enfants d’âges divers, ou jusqu’à neuf enfants d’âge scolaire. Les fournisseurs approuvés de services de garderie en milieu familial doivent respecter les règlements provinciaux et font régulièrement l’objet de surveillance et d’inspections. donneront au Ministère une plus grande autorité en ce qui a trait aux inspections effectuées par les agences de services de garderie en milieu familial; changeront le titre de la loi, de la loi sur les garderies (Day Care Act) à la loi sur l’apprentissage et la garde des jeunes enfants (Early Learning and Child Care Act); permettront d’éliminer ou de réviser la terminologie et les définitions désuètes. last_img read more

NTPC Q4 profit jumps 47 to 435032 cr post 25 dividend

first_imgNew Delhi: State-run power giant NTPC Saturday posted a 48.7 per cent jump in its standalone net profit at Rs 4,350.32 crore for the March quarter compared to the year-ago period mainly on the back of lower expenses. The company’s standalone net profit in January-March 2018 was Rs 2,925.59 crore, an NTPC statement said. The company’s total income slipped to Rs 22,545.61 crore in the March quarter from 23,617.83 crore year ago. Expenses also decline to Rs 19,008.44 crore in the quarter from Rs 20,229.26 crore. Also Read – SC declines Oil Min request to stay sharing of documentsFor 2018-19, standalone net profit rose by 13.60 per cent to Rs 11,749.89 crore compared to Rs 10,343.17 crore in the previous year. Total income was Rs 92,179.56 crore in 2018-19, up from Rs 85,207.95 crore during the previous year. Consolidated net profit of the firm rose to Rs 12,633.45 crore in 2018-19 from Rs 10,501.50 crore in the previous fiscal. Total consolidated income also rose to Rs 97,537.34 crore in the last fiscal from Rs 89,641.59 in 2017-18. Also Read – World suffering ‘synchronized slowdown’, says new IMF chiefThe Board of Directors of NTPC Ltd has recommended a final dividend for 2018-19 at the rate of 25 per cent of the paid-up share capital (Rs 2.50 per equity share of the face value of Rs 10 each), subject to the approval of shareholders in the Annual General Meeting scheduled to be held in the month of August 2019. The final dividend is in addition to the interim dividend of Rs 3.58 per equity share for 2018-19 paid in February 2019. This is the 26th consecutive year of dividend payment by the company. The gross power generation of the NTPC Group for FY2018-19 was 305.90 billion units (BUs) as against 294.27 BUs during the previous year. The average power tariff of the firm was Rs 3.38 per unit in the fiscal under review. The company’s plant load factor or capacity utilisation (PLF) of coal based projects dropped to 77.58 per cent in March quarter from 79.03 per cent year ago. During the 2018-19, the company’s PLF of coal fired power plants also declined to 76.68 per cent from 77.90 per cent in 2017-18. The company’s domestic coal supply rose to 46.94 million tonnes in March quarter from 44.36 million tonnes year ago. During the last fiscal the company’s domestic coal supplies also increased to 175.05 million tonnes from 168.21 million tonnes. Coal imports by the company also went up slightly to 0.66 million tonnes in March quarter from 0.10 million tonnes year ago. During the last fiscal, the company’s coal imports also increased to 1.05 million tonnes from 0.32 million tonnes in 2017-18. The NTPC Group’s total installed capacity has increased to 55,126 MW as on March 31, 2019 from 53,651 MW as on March 31, 2018.last_img read more

Rohit guides India to win after BumrahChahal show

first_imgSouthampton: India beat South Africa by six wickets in their opening World Cup match here on Wednesday. Rohit Sharma slammed his 23rd ODI century and it has been an innings of the highest order from the Indian vice-captain. He put India on top in the chase as they edged closer towards their first win of the tournament. Earlier, South Africa ended their innings at 227/9 in 50 overs. Chris Morris was the pick of the batsmen with 42 while Andile Phehlukwayo and Kagiso Rabada also chipped in respective good innings. For India, Yuzvendra Chahal scalped four while Jasprit Bumrah and Bhuvneshwar Kumar scalped two wickets each. Also Read – We don’t ask for kind of tracks we get: Bowling coach ArunEarlier, leg-spinner Chahal grabbed four wickets, helping India restrict South Africa to a sub-par 227 for 9 in their opening encounter of the World Cup here on Wednesday. South Africa skipper Faf du Plessis’ decision to bat under overcast conditions backfired with Jasprit Bumrah (10-1-35-2) setting the tone with twin blows in his opening spell. Chahal (10-0-51-4) then tightened the noose on South African batsmen as they could never really force the pace during the middle overs. Incidentally, this was the best 10-over single spell (in terms of wickets taken) by any bowler in a World Cup game. Also Read – Bastian Schweinsteiger announces retirement, could join Germany set-upSouth Africa’s total got some semblance of respectability courtesy Chris Morris (42 off 34) and Kagiso Rabada (31 not out off 35), who shared a much needed 66-run stand for the eighth wicket. Bhuvneshwar Kumar (10-0-44-2) coming in place of Mohammed Shami was impressive in his second spell. Under a thick cloud cover and a pitch that offered bounce, Bumrah was unplayable in his initial five over spell where he pitched on good length or back of it, getting the deliveries to rear up awkwardly and shape away from openers Quinton de Kock and Hashim Amla. Bumrah dismissed Amla (6) with a beautiful delivery that rose from length outside the off-stump and the outside edge was taken low in the slips by Rohit Sharma. De Kock (10) was out in his next over when his back of length delivery was angled across and the left-hander’s slash was pouched by skipper Virat Kohli at the third slip. Skipper Du Plessis (38 off 54 balls) and Rassie van der Dussen (22 off 37 balls) did add 44 runs for the third wicket but it was more of a consolidation job as they found scoring runs difficult. The Powerplay yielded only 34 runs and even though the Proteas skipper hit four boundaries, he never looked comfortable. Third seamer Hardik Pandya (6-0-31-0) also hit the hard lengths and one of his deliveries, a nasty snorter, hit Du Plessis flush on the gloves, leaving him in pain. Along with Kedar Jadhav (4-0-16-0), they shared the fifth bowler’s duties admirably giving away only 45 runs. Once Chahal and Kuldeep Yadav (10-0-46-1) started operating in tandem, something was waiting to happen. Van der Dussen, who was showing composure till then, suddenly had a brain fade as the right-hander tried an ambitious reverse sweep to a delivery drifting on his pads only to be bowled. From 78 for 2, it soon became 80 for 4 as Du Plessis failed to read a Chahal googly and was bowled through the gate. Kuldeep then had a horribly out-of-form JP Duminy (3 off 11) plumb in-front with scoreboard reading 89 for 5. David Miller (31 off 40 balls) and Andile Phehlukwayo (34 off 61 balls) again had to carry out a repair job adding 46 runs but Chahal collected another two wickets quickly to reduce them to 158 for 7. Brief scores: SA 227/9 in 50 overs (Morris 42, Rabada 31 not out; Chahal 4/51) vs India 230/4 in 47.3 overs (Rohit 122 not out, Dhoni 34; Rabada 2/39).last_img read more

IT team raids Srinagar Deputy Mayors offices

first_imgSrinagar: A team of Income Tax (I-T) officials on Tuesday raided the offices of Sheikh Imran, the Deputy Mayor of the Srinagar Municipal Corporation, here. Informed sources said the team carried out the raids at the offices located in the Old City’s Bohri Kadal area and Nowgam in the outskirts of the city. However, the reason for the raids remain unknown. Tuesday’s raids come two days after officials of the Anti-Corruption Bureau (ACB) carried out searches at the corporate headquarters of the J&K Bank in Srinagar city. Informed sources said that I-T officials have also arrived at the J&K Bank corporate headquarters in Srinagar, with no further details.last_img read more

India cant wish away defence ties with Russia

first_imgNew Delhi: Ahead of strategically-important India-US talks, diplomatic sources on Tuesday said India meets the US waiver criteria for procuring the S-400 missile defence system from sanctions-hit Moscow, and asserted that New Delhi cannot “wish away” its defence ties with Moscow.Besides India’s missile defence systems deal with Russia, terrorism, H1B visas, trade and the situation arising out of US sanctions on buying oil from Iran, are likely to be discussed on Wednesday during the talks between External Affairs Minister S Jaishankar and his American counterpart Mike Pompeo, the first high-level interaction between the two countries after return of the Modi government to power last month. Pompeo’s visit comes ahead of a meeting between US President Donald Trump and Prime Minister Narendra Modi on the sidelines of the G20 Summit in Osaka, Japan later this week. During his visit, Pompeo will also call on Prime Minister Narendra Modi. Talking about Pompeo’s visit, Jaishankar in Gandhinagar said India will try to find common ground on trade issues during discussions with Pompeo. Sources also said that India meets the criteria for a US sanctions waiver for procuring S-400 missile defence systems from Russia and the Trump administration has “enough flexibility” on the issue. “We have a longstanding defence relationship with Russia which we cannot wish away,” the source said. India inked an agreement with Russia in October last year to procure a batch of the missile systems at a cost of Rs 40,000 crore. India went ahead to seal the deal notwithstanding the US’ warnings against it. The US is well aware of the circumstances that “compelled” India to go for a system like S-400, the source added. The Indian side has explained the rationale very well to the US side and they are appreciative of India’s requirement, the source said. The Indian side feels that it meets the requirements for waiver in the Countering America’s Adversaries Through Sanctions Act (CAATSA). With trade likely to figure prominently in their talks, sources said there has been substantial progress on this front with trade going up by double digits percentage in the last three years.last_img read more

Making Delhi a cultural hub

first_imgDelhi government pledges support to the Events and Entertainment Industry and joins hands with Event and Entertainment Management Association (EEMA) to make Delhi a global cultural hub. It was a show of strength by the Indian Events and Entertainment industry at the EEMAX Global Awards on August 3 where Deputy Chief Minister of Delhi, Manish Sisodia pledged the support and co-operation of his government towards making Delhi a cultural hub of global standards. Sisodia recognised that the events industry in India has come a long way but continues to face issues that are detrimental to its progress. Sisodia also announced that the government of Delhi is in the process of creating an Event Management Skill Institute in collaboration with EEMA. “We will aim to give the best professionals to the country through this institute,” he said.last_img read more

4 deaths reported in Mumbai amid Wednesdays rain fury

first_imgMumbai: At least four persons were killed in rain-related incidents in Mumbai while search was on for a boy who was washed away, officials said on Thursday.Torrential rains battered Mumbai and surrounding areas on Tuesday night and Wednesday. The Santacruz weather station in suburban Mumbai recorded a whopping 242 mm rainfall in the 24 hours ending at 8.30 am Thursday. Ashok Mayekar (60) was found dead in Hindmata area in Central Mumbai in the early hours of Thursday. Also Read – Uddhav bats for ‘Sena CM’As the body was floating in floodwater, he seemed to have drowned, though autopsy report was awaited, a police official said. Mohammed Shahrukh Rafique Shaikh (24) fell into a creek while wading through floodwater with two friends at Bharatnagar near Bandra Kurla Complex (BKC). He was pulled out by rescue teams but died in hospital. A boy was washed away when he and his three friends were swimming in the flooded Mithi river near BKC. Divers from the Navy were taking part in the search operation for the boy, police said. Two employees of the Brihanmumbai Municipal Corporation (BMC) were found dead in a water-logged area in Siddharth Nagar in Goregaon in western suburbs on Wednesday evening. Vijayendra Sardar Bagdi (36) and Jagdish Parmar (54) were attached to P/S Ward of the BMC, and were involved in the work to ensure that floodwater drained away, police said. The two apparently drowned, though further inquiry was on. At least 1,300 persons living on the banks of the Mithi were shifted by the National Disaster Response Force, disaster management cell of the BMC, fire brigade and the police when the river crossed the danger mark. Teams of Navy, NDRF and other agencies are deployed along the river as a precautionary measure, the official said. In neighbouring Palghar and Thane districts two persons including a seven-year-old boy were washed away in flooded nullahs on Tuesday and Wednesday.last_img read more