Navios Containers Eyes USD 103 Mn Refinancing

first_imgzoom Monaco-based shipping company Navios Maritime Containers is in advanced discussions for refinancing its credit facilities maturing in the fourth quarter of 2019.Under one of the alternatives for such refinancing of the credit facilities, which amount to a total of USD 102.7 million outstanding on December 31, 2017, the daily debt service cost in 2018 for its containerships would be reduced by 58%.Navios Containers said that no assurances can be provided that it will successfully refinance these credit facilities.The development was revealed as part of the company’s financial report in which it said that its net income for the fourth quarter of 2017 was USD 1.7 million, while its net income stood at USD 2.6 million at year end.The company’s revenue for the three months ended December 31, 2017 was at USD 21.3 million. For the period from April 28, 2017, the company’s date of inception, to the end of the year, Navios Containers said that its revenue reached USD 39.2 million.After it grew its fleet by 50 percent in the fourth quarter of 2017, the container shipping company said it sees more acquisition opportunities. During the three months, the company went on a shopping spree, buying seven containerships for USD 128 million. The additions grew its fleet from 14 to 21 vessels at year end.“Our run rate continues to rise, and we expect a 32 percent increase of available days in Q1 2018 over Q4 2017. We are also continuing to see attractive acquisition opportunities as the market consolidates,” Angeliki Frangou, Chairman and Chief Executive Officer, said.Other developments in the quarter included an additional tranche which Navios Containers agreed in December 2017 to its existing July 2017 USD 21 million credit facility with a commercial bank for an incremental amount of USD 50 million in order to finance the acquisition of four 2008-built containerships.This tranche bears interest at LIBOR plus 385 bps per annum. The entire USD 71 million facility now matures in the fourth quarter of 2019 and is repayable in eight quarterly payments of USD 6.5 million each, plus a balloon payment on the last repayment date.As of December 31, 2017, the outstanding principal amount under this new tranche of the facility was USD 50 million and the total amount outstanding under this facility was USD 70.2 million.last_img read more

Cabin Crew Europe GMR Aviation Academy partner to provide EASA approved Cabin

first_imgCabin Crew Europe in association with GMR Aviation Academy is all set to deliver EASA approved Cabin Crew Initial Training Courses in India. This is a first for India, with successful graduates obtaining their EASA Cabin Crew Attestation. So far, two locations have been approved in India for delivery of theoretical and practical training.Cabin Crew Europe – the first non-airline EASA approved Cabin Crew Training Organisation in Ireland regulated by the Irish Aviation Authority was established by Nobox in 2018. A company that was set up by three Irish Aviation companies – Crewlink, Dalmac Recruitment & Aviation Services and Workforce International Contractors – building on over 25 years of aviation experience in recruitment, training, international payroll and employment.Expressing his interest in the Indian market Ryan Moffett, Director of Nobox and Cabin Crew Europe said, “We could not have found a better partner than GMR AA, better students and a better relationship to grow and flourish than our country’s relationship with India. Our relationship with GMR AA is one of the partnerships, trust and a shared belief in offering the best in practice accredited training, preparing graduates for a fruitful career in the industry.”In addition, Moffett mentioned his goal with GMR and that it is to help India alleviate specific difficulties and obstacles facing airlines in their recruitment and training of cabin crew.Cabin Crew Europe and GMR AA have designed a distinguished training programme. Eva Roharikova, Head of Training Cabin Crew Europe to this asserted, “Our Cabin Crew Initial Training Course is designed in a very appealing and unique way where the team has gone above and beyond with what is required to give students the best start to their career. While carefully creating our course, we have ensured that all topics like Aviation Regulation, Communication, Human Factors and CRM, Passenger Handling, First Aid, Dangerous Goods, Security Awareness, Fire and Smoke and Survival are covered in an interactive and professional way.”Commenting on the association, P S Nair, CEO of GMR Airports said, “GMR AA is committed towards creating a continual training pipeline and the signing of this agreement with Cabin Crew Europe, Nobox is yet another landmark moment. With joint efforts and synergy, we will be able to create immediate employability access to European and Middle Eastern markets as well as other regions.”The team has more than 55 years of aviation experience and understand what it takes to be a successful cabin crew and what airlines are looking for. By pooling Nobox & GMR’s knowledge and experience together in one team, Cabin Crew Europe aims to help students achieve their dream of becoming cabin crew.David Flood, Director – India and South Asia, Enterprise Ireland expressed his joy on this association and said, “Enterprise Ireland is pleased to have an Ireland-based company Nobox co-work with GMR AA, India. This alliance will allow potential aviation candidates to acquire the flamboyant training they would require to be employable in India and abroad.”last_img read more

October 23 2006 The The group arrived on Octob

first_imgOctober 23, 2006 The The group arrived on October 15. for their annual one-week workshop. During the week, the performers Jayne Lee, Delisa Myles, Paul Moore, Joanna Rotkin, Megan Montgomery had rehearsals on the dance floor, which was especially set up for the performance. [Photo: sa & text: rc] As usual in every event, a fine dinner was prepared, by chef Eleanor Gilles, for visitors and residents before the performance. The costumes were designed by Anastazia Louise and Fkir Elderfae, who also did the sound. Murray Natkie, staff member of the Arcosanti Information Service, did the lighting. Human Nature was formed in 1994 and is based in Flagstaff. The group performs regularly in the region and also has performed nationally and internationally. [Photo: sa & text: rc]last_img read more

UK movie channel Sky Movies HD has acquired the ri

first_imgUK movie channel Sky Movies HD has acquired the rights to air the entire James Bond film catalogue after striking a deal with MGM.This move means that Sky has usurped commercial broadcast rival ITV, which previously held the rights to show old Bond movies. The deal will see 22 titles from EON Productions including Dr No and Quantum of Solace and two non EON-produced titles Casino Royale (1967) and Never Say Never Again air on the high definition movie channel from October 2012. The upcoming Bond film Skyfall, which is released later this year, will also be part of the deal and will air on Sky Movies Box Office in the spring of 2013.“We are simply delighted to have secured the Bond films for our customers. Everything about these films is iconic – whether it’s the cars, the gadgets or the catchphrases. What’s more, they’ve become hugely significant culturally; demonstrating the best of British film. It’s an honour for us to have all of them for our customers, and we will ensure that we do them justice across Sky Movies, giving our customers the best possible experience in watching them. It’s an exciting time for Sky Movies and this is just one of many exciting plans we have coming up in the months ahead,” said Ian Lewis, director of Sky Movies.last_img read more

Francebased technology company Netgem has said it

first_imgFrance-based technology company Netgem has said it will significantly increase its research and development efforts to extend its range of products in the access and multiscreen content distribution arena.In France, the company will increase its investments in in connected TV and related services, which it believes offers solid prospects for growth. The company has also set a target of doubling its international revenue between 2011 and 2014.Netgem has also announced a reorganisation of its senior management.Christophe Aulnette will now become president of Netgem International, continuing to guide the international development of the group, while Joseph Haddad will take over as CEO.Aulnette has been named as a director on Netgem’s board, succeeding Charles Berdugo, who has resigned for personal reasons.Netgem posted revenues of EUR22.9 million for the fourth quarter of 2012, down 9% on the same period last year. While domestic French revenues fell by 41% to EUR5.4 million, international revenues grew by 9% to EUR17.5 million.last_img read more

Russian satellite operator RSCC has launched Kaba

first_imgRussian satellite operator RSCC has launched Ka-band-based broadband services in central Russia and the Urals via its new Express-AM6 satellite at 53° East.Russian providers started to offer satellite broadband services in the Ka-band using domestic spacecraft in the Far East and Siberia last year.Since April 2016, the service area of high-speed satellite system has expanded, now covering the country’s central and southern Ural regions. The service is provided via RSCC’s Express-AM6 (53 ° East) and Express-AM5 (140 ° East) spacecraft. The total length of the coverage area in the Ka-band is 7,000km.“The project start in the central regions of Russia and the Urals is truly an important event for the Russian satellite communications industry. The experience and expertise accumulated by market participants, and the innovative technology platform which the operators have selected, allow us to offer the individual and business user a quality service of state-of-the-art modern high-speed broadband Internet access,” said RSCC director-general Yuri Prokhorov.“Implementation of the high-speed internet access project will also contribute to greater competition and, as a consequence, improve the quality and availability to the public of broadband services throughout the territory of Russia.”last_img read more

Rosberg happy to see Hamilton break all records

first_imgIf Valtteri Bottas, Hamilton’s current team mate and battered title rival, wants any tips — not that Rosberg feels the Finn needs any help from him — then he can expect plenty of sacrifice and suffering.Rosberg revealed that he spent up to eight hours a week with a sports psychologist during that 2016 season, undergoing the mental equivalent of boot camp to beat the one man with the same machinery.”Two hours every second day of mental training. It was a huge process and just gave me so much and that’s one of the big reasons why I ended up being world champion,” said the German, who retired days after winning his title.Son of 1982 world champion Keke, Rosberg started working with the psychologist in 2007, after a debut season with Williams, but ramped it up significantly for that final campaign.”I just dedicated my whole every single breathing second of my life to winning that next race and becoming world champion,” he said.”Lewis drove me to go searching for ways to be better than I ever thought I could be because he’s the best of all time, or going towards the best of all time.”So of course to beat him you need to rise above everything you have. It’s the only way to win.”And at the end of the weekend, there is no switching off and forgetting either.”That is the tough thing about F1. It affects your wife, your mum and dad. It is not like you go home and it is all done,” said Rosberg, happy to have closed that chapter in his life.”It affects everybody. That is why it is so intense. The suffering and the joy goes all the way to your home. That never stops.”MOTIVATIONHamilton is heading for a sixth championship, one short of Schumacher’s career tally, and has 79 career wins compared to the Ferrari great’s 91.The Briton already holds the record for pole positions and has won more than half the races since the V6s were introduced in 2014.Compatriot Jenson Button, the 2009 champion, told reporters he could see Hamilton winning 10 titles before he was done but Rosberg said that would depend on the 34-year-old’s other interests.”Equalling Schumacher’s record has to be a motivation. He has this historic chance and he realistically knows he can do it. He has the car, he has the team and the regulations are not changing before 2021,” said the German.”He can equal him next year, in terms of championships, and beat him on race wins and become the best of all time. That has to be hugely motivating. It has to be. It is such an opportunity.”Rosberg, at Silverstone to promote a behavioural science programme with beer brand Heineken’s ‘When You Drive, Never Drink’ campaign, said Bottas had come back strongly from a poor 2018 season but could not afford to let the momentum slip.”He’s been struggling as of late, a little bit back to the Valtteri of last year lately, so he always needs to be careful,” he said.”If there’s too many of these last year Valtteris, then you’re going to be out.”And Lewis just gets more and more confidence and then he’s off and away again. He needs to try to keep fighting and not allow Lewis to get that self confidence.”Rosberg said the real Hamilton rarely turned up in practice — “Lewis just can’t really be bothered on Fridays” — but Saturday and Sunday was another story.”I always used to work so hard on Friday, and do the setup of the car, and then this guy comes and finally commits himself and with his natural talent, very often also taking all the setup work that I’ve done, and just out-qualifying me. “It’s horrible.” (Reporting by Alan Baldwin, editing by Toby Davis) Related News SILVERSTONE, England (Reuters) – Nico Rosberg can see Lewis Hamilton smashing Michael Schumacher’s records to become Formula One’s most successful driver, and the Briton’s former Mercedes team mate says he feels pretty good about it.The German is the only man to beat Hamilton over a season in the V6 turbo hybrid era that started in 2014 and the more success Hamilton has, the more lustre it adds to his own achievement.”It is definitely not a bad thing when I see him (Hamilton) going on to become the best of all-time and beating Schumacher’s records,” the 2016 champion told Reuters at the British Grand Prix on Saturday.”It makes me think “OK, Nico, you have done quite a good job.”center_img {{category}} {{time}} {{title}}last_img read more

Gehlot no longer has a Pilot Infighting intensifies within Rajasthan Congress

first_img Dev Ankur Wadhawan JaipurJuly 11, 2019UPDATED: July 11, 2019 20:00 IST Ashok Gehlot said that Congress chief Rahul Gandhi, who has resigned from his post, had showed faith in him for the chief minister post. (Photo: PTI)HIGHLIGHTSWith the conclusion of the Lok Sabha election 2019, infighting in Rajasthan Congress has intensifiedThe tussle between Chief Minister Ashok Gehlot and Deputy Chief Minister Sachin Pilot has come out in the openAshok Gehlot claimed that the people of Rajasthan wanted him and no one else to become the chief ministerWith the conclusion of the Lok Sabha election 2019, infighting in the upper echelons of the Congress party in Rajasthan has intensified. The tussle between Chief Minister Ashok Gehlot and Deputy Chief Minister Sachin Pilot has come out in the open in the desert state.On Wednesday, after Ashok Gehlot presented his first Budget during the state government’s present tenure, he made it obvious that he was unwilling to let go of the chief minister post.Ashok Gehlot, after presenting the state Budget in Rajasthan Assembly, had come for the customary press conference. Without even being asked about it, Ashok Gehlot claimed that the people of Rajasthan wanted him and no one else to become the chief minister.Gehlot also said that Congress chief Rahul Gandhi, who has resigned from his post, had showed faith in him for the chief minister post, further respecting the people’s sentiments.Ashok Gehlot’s statement is significant at a time when rumours of his name being under consideration for the post of Congress national president after Rahul Gandhi’s resignation.”The manner in which people chose us, I realise that there was a feeling in the last election that Ashok Gehlot should become the chief minister. The one who should become the CM and the one who should not was mentioned by name. And Rahul Gandhi, respecting the people of Rajasthan, being the Congress president, gave me this opportunity. It is my responsibility,” Rajasthan Chief Minister Ashok Gehlot said.The political tussle between Ashok Gehlot and Sachin Pilot has been no secret in the desert state. After the Assembly results were out, both the camps of Pilot and Gehlot had tried hard to ensure that their leader became the next chief minister.”Even when I was the chief minister (earlier), with this kind of love, affection, and trust, I would not have heard that which heard this time. That is why, it was appropriate for me to take the oath as the chief minister. I took it,” Gehlot added.After the Assembly results were out in December last year, accusations of internal sabotage flew thick and fast as several claimed that Ashok Gehlot’s confidantes and long time loyalists were asked to fight as Independents so that he can use them as bargaining chips if the Congress needed outside support to form the government.Some of these Independents included the likes of Mahadev Singh Khandela, MLA from Khandela, Sriganganagar MLA Raj Kumar Gaur and Babulal Nagar, MLA from Dudu.Some Independent MLAs, who were considered pro-Gehlot, later joined the Congress after Gehlot became the chief minister.Also Read | DGP given freehand to fix law and order situation in Rajasthan, says CM Ashok GehlotAlso Read | Amid leadership crisis in Congress, Ashok Gehlot meets Sonia GandhiAlso Watch | Congress CMs offer to resign from party amid dilemma over Rahul Gandhi quittingFor the latest World Cup news, live scores and fixtures for World Cup 2019, log on to indiatoday.in/sports. Like us on Facebook or follow us on Twitter for World Cup news, scores and updates.Get real-time alerts and all the news on your phone with the all-new India Today app. Download from Post your comment Do You Like This Story? Awesome! Now share the story Too bad. Tell us what you didn’t like in the comments Posted byShifa Naseer Tags :Follow Ashok GehlotFollow Sachin PilotFollow congress Next Gehlot no longer has a Pilot? Infighting intensifies within Rajasthan CongressOn Wednesday, after Ashok Gehlot presented his first Budget during the state government’s present tenure, he made it obvious that he was unwilling to let go of the chief minister post.advertisementlast_img read more