Pacific Basin Boasts Vessel Earnings Hike

first_imgzoomImage: Copyright © Pacific Basin Hong Kong-listed dry bulk shipping company Pacific Basin Shipping Limited saw a significant hike in vessel earnings in the third quarter of the year.Handysize and Supramax daily time-charter equivalent (TCE) earnings were USD 10,080 and USD 12,180 per day net respectively in the third quarter, representing an improvement of 24% and 30% year-on-year.The company further added that year-to-date average Handysize and Supramax daily net TCE earnings increased 23% and 30% year-on-year to USD 9,870 and USD 11,780, outperforming the BHSI and BSI spot market indices by 22% and 9% respectively.Vessel earnings  increased due to an improvement of market fundamentals driven primarily by historically low growth in global dry bulk capacity. Newbuilding deliveries in the first nine months were one third lower year-on-year, and the global dry bulk fleet overall grew by around 2.3% net between January and September, similar to the same period last year.Clarksons Research estimates that global dry bulk capacity will grow around 2.7% net in the full year 2018 and 2.8% in 2019, as compared to 3% in 2017. The combined Handysize and Supramax capacity is estimated to grow about 2.2% in 2018 and less than 2% in 2019.In addition, fuel oil prices have increased contributing to slower ship operating speeds since May and, in turn, reduced dry bulk supply and therefore improved market conditions.The increasing gap between newbuilding and secondhand prices as well as uncertainty over future ship design requirements continued to discourage new ship ordering which in the first nine months of 2018, annualised, represented 3.3% of the global dry bulk fleet and 1.5% of the combined Handysize and Supramax fleet.Despite increasing trade tensions, the outlook for widely-spread global GDP growth remains favourable, which bodes well for dry bulk demand.Pacific Basin said that a small fraction of goods has been affected by the trade conflict between the United States and China, primarily soybean, as well as forest products and cement. ” A protracted trade conflict between the United States and China would weaken sentiment which, in the longer run, could impact global GDP growth and consequently overall trade and dry bulk demand. However, we continue to believe that the negative impact these protectionist actions have on the dry bulk trade will be largely outweighed by moderate dry bulk fleet growth and continued global dry bulk trade growth overall,” the company said.Overall, the company is bullish on market outlook and reaping the gains from its recovery.“Our healthy cash and net gearing positions enhance our ability to take advantage of opportunities to grow our business and attract cargo as a strong partner,” the shipowner said.During the third quarter, Pacific Basin purchased and took delivery of one secondhand Supramax vessel, increasing its owned fleet to 109 ships on the water. Including chartered ships, the company operated an average of 216 ships overall during the quarter.Three more ships purchased in May are scheduled to deliver over the next five months, bringing the fleet to 112 ships.last_img read more

UNHCR Ambassador Cate Blanchett Warns Of Race Against Time To Protect Refugees

first_imgUNHCR Goodwill Ambassador Cate Blanchett today warned of a “race against time” to protect Rohingya refugees from the worst impacts of the upcoming monsoon season in Bangladesh.Cate Blanchett meets young Rohingya refugees Heavy rains, potential cyclones and adverse weather conditions are threatening to put more than one hundred thousand Rohingya refugees living in congested settlements in Cox’s Bazar district at serious risk in the coming months. Blanchett, on return from a visit to Bangladesh this week, is calling for urgent action to support UNHCR – the UN Refugee Agency – and its partners, working with the Government of Bangladesh, to avoid an “emergency within an emergency”.

Since August 2017 over 671,000 Rohingya refugees from Myanmar have sought safety in Bangladesh. “The Rohingya refugees have already experienced targeted violence, human rights abuses and horrific journeys. They have shown unimaginable resilience and courage,” Blanchett said, speaking at the end of her visit to Kutupalong, Nyapara and Chakmarkul settlements near Cox’s Bazar this week. “But now, as the monsoon season approaches, the Government of Bangladesh, supported by UNHCR and its partners, are in a race against time to ensure the refugees are as safe as they can be to deal with potential floods and landslides.”

”I’ve seen first-hand how UNHCR – with its partners and with the refugees themselves – is working flat out to avoid an emergency within an emergency in Cox’s Bazar district. Staff are on the ground distributing shelter and pre-monsoon kits to the vulnerable families, reinforcing roads, bridges, steps and other infrastructure at risk of being washed away, and relocating families to safer places where land is available. But more is urgently needed to ensure refugees stay safe,” Blanchett continued.

Calling for the international community to show solidarity and share the responsibility of this crisis with Government and people of Bangladesh, Blanchett added, “The people of Bangladesh and host communities have been the first to respond to this crisis, supported by agencies like UNHCR and its partners. But I cannot stress how much more help is needed for these vulnerable stateless refugees, the majority of whom are women and children. This is the fastest growing refugee crisis in the world, the monsoons are coming and it is critical that the international community, private sector and individuals all do what they can to support these stateless refugees and the communities hosting them.”

The Rohingya are a stateless minority. Since violence began on 25 August 2017 in Myanmar’s Rakhine State, over 671,000 refugees have fled to Bangladesh. The Government and people of Bangladesh have shown tremendous generosity and hospitality in the face of this influx. Faced with acute risk of an emergency within the emergency, UNHCR and its partners are supporting the Bangladesh Government in Cox’s Bazar to prepare both refugee and host communities ahead of the monsoon season.

Kevin J. Allen, Head of UNHCR’s emergency operation in Cox’s Bazaar, Bangladesh said, “Bangladesh saved thousands of lives when it opened its borders and arms to Rohingya refugees. It is now critical that we stand firmly with Bangladesh and the refugees we serve to protect them from cyclonic winds and heavy rains.”

UNHCR is working to build dignified and decent lives for the stateless Rohingya refugees in Bangladesh, including access to healthcare, education, shelter and self-reliance. The solutions to this refugee crisis lie in Myanmar, and UNHCR has therefore called on Myanmar to create conditions in Rakhine State that would permit the safe, dignified and sustainable repatriation of refugees who voluntarily choose to return to their homes. UNHCR is calling for unfettered humanitarian access to all communities and to all areas of origin and potential return in Rakhine State and has offered to support the Government of Myanmar to rapidly implement the recommendations of the Advisory Commission on Rakhine State.

Last week, a new inter-agency donor appeal for Bangladesh announced funding requirements of US$951 million through to December 2018 to assist refugees and host communities affected by the refugee influx. UNHCR is seeking US$196.3 million to continue its work providing lifesaving assistance and protection for the Rohingya refugees supporting host communities.

To donate: www.unhcr.org/givetoday.last_img read more

San Diego County rain damage survey

first_img Updated: 8:19 AM Posted: February 20, 2019 February 20, 2019 Categories: Local San Diego News FacebookTwitter San Diego County rain damage surveycenter_img KUSI Newsroom, SAN DIEGO (KUSI) – The San Diego County is asking residents whose property or small business sustained damage during the storms that struck the week of Valentine’s Day to complete a survey to help estimate the cost for the County.Officials from the County Office of Emergency Services said the damage survey will help assist in collecting information and associated costs.The information gathered from the surveys will be used to estimate total damages countywide and determine if enough damage occurred to qualify the region for state or federal disaster recovery assistance, such as low interest disaster loans from the Small Business Administration for those who are uninsured or underinsured, according to the County of San Diego Communications Office.For additional information, visit sdcountyrecovery.com KUSI Newsroom last_img read more

Group finds circadian clock common to almost all life forms

first_img © 2012 Phys.Org The peroxiredoxin active site is highly conserved in all domains of life. Image: Nature (2012) doi:10.1038/nature11088 Up till now, researchers have not been able to find any kind of common biorhythmic clock among the Earth’s varied organisms, each class seemed to have its own. They did find though that one common feature of most was a feedback loop, which is where genes are transcribed before being translated into proteins which then build up until they reach a tipping point. Once that happens, transcription is turned off and the enzyme goes dormant. This cycle, for most organisms occurs on a twenty four hour basis, and is responsible for such things as the feelings of sleepiness or hunger in people that occur at roughly the same time each day.But now, this new research suggests that the true clock controlling behavior in virtually every imaginable plant, animal, fungus, etc. has its roots in an enzyme whose purpose is to help clean up residue left over from the ravages of antioxidants.Peroxiredoxins, which exist in virtually all life forms, are enzymes that cycle between two states depending on whether they have reacted recently with hydrogen peroxide, or not. The researchers found that this cycle occurs on a roughly twenty four hour cycle in all of the organisms they’ve tested to date. What’s more, the cycle continued even in the absence of light, proving that it’s not part of a feedback loop. Unfortunately, the team has not yet been able to show how or if the enzyme controls other clock mechanisms that are a part of feedback loops.The team suggests that peroxiredoxins developed their cyclical behavior just after organisms began to develop some two and half billion years ago that were able to handle the increased amounts of oxygen that had begun to appear in the atmosphere in a time period known as the Great Oxidation Event; the time when bacteria developed photosynthesis and began pumping out oxygen. Those organisms that managed to survive had to develop a means of dealing with the damage caused by antioxidants, and thus was born the role of peroxiredoxins. And because oxygen levels rose and fell on a regular daily schedule, the enzymes developed a clock over time to help predict when to go to work, and when to remain dormant, thus paving the way for the first circadian clock. Citation: Group finds circadian clock common to almost all life forms (2012, May 17) retrieved 18 August 2019 from https://phys.org/news/2012-05-group-circadian-clock-common-life.html More information: Peroxiredoxins are conserved markers of circadian rhythms, Nature (2012) doi:10.1038/nature11088AbstractCellular life emerged ~3.7 billion years ago. With scant exception, terrestrial organisms have evolved under predictable daily cycles owing to the Earth’s rotation. The advantage conferred on organisms that anticipate such environmental cycles has driven the evolution of endogenous circadian rhythms that tune internal physiology to external conditions. The molecular phylogeny of mechanisms driving these rhythms has been difficult to dissect because identified clock genes and proteins are not conserved across the domains of life: Bacteria, Archaea and Eukaryota. Here we show that oxidation–reduction cycles of peroxiredoxin proteins constitute a universal marker for circadian rhythms in all domains of life, by characterizing their oscillations in a variety of model organisms. Furthermore, we explore the interconnectivity between these metabolic cycles and transcription–translation feedback loops of the clockwork in each system. Our results suggest an intimate co-evolution of cellular timekeeping with redox homeostatic mechanisms after the Great Oxidation Event ~2.5 billion years ago.Press release Journal information: Naturecenter_img (Phys.org) — A group of biology researchers, led by Akhilesh Reddy from Cambridge University have found an enzyme that they believe serves as a circadian clock that operates in virtually all forms of life. In a paper published in the journal Nature, they describe a class of enzymes known as peroxiredoxins which are present in almost all plants and other organisms and which appear to serve as a basic ingredient in non-feedback loop biological clocks. Ancient body clock discovered that helps to keep all living things on time Explore further This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

Statistics suggests that unanimous agreement in witnessed events may be sign of

first_img © 2016 Phys.org Journal information: Proceedings of the Royal Society A Citation: Statistics suggests that unanimous agreement in witnessed events may be sign of an error (2016, March 23) retrieved 18 August 2019 from https://phys.org/news/2016-03-statistics-unanimous-agreement-witnessed-events.html Overwhelming evidence? It’s probably a bad thing (Phys.org)—A team of researchers with The University of Adelaide and one with University of Angers has found that the probability of a unanimous agreement in witnessed events is low enough that instances of such are likely a sign of an error. In their paper published in Proceedings of the Royal Society A, the researchers suggest their findings could have an impact on fields as diverse as legal proceedings, archaeological assessments and even cryptographic testing. Explore furthercenter_img When a jury is given testimony by many witnesses to a crime, all fingering the same person, the consensus is generally that the police have caught the right person. But, a statistical assessment of such instances by the research team suggests that may not always be the case. They suggest that the opposite may in fact be true, that the more witnesses fingering the same person, the greater likelihood there is that the wrong person has been caught.The reasoning by the team goes along the lines of logic; if 100 people observe an apple sitting on an otherwise bare table and all confirm it was an apple, than there is a strong likelihood that it was an apple sitting there. But, what happens when the observation is not so simple—for example, what if 100 people see a man carrying a bag of money out of a bank after a robbery, and all 100 agree that it was the man police have identified as the robber. That might be a problem because prior research has shown that when asked to identify a person that witnesses have seen for just a few seconds, especially if that person is running away, can be as low as 50 percent correct. When performing Bayesian analysis on such scenarios, the team reports, the numbers grow worse as the number of people unanimously agrees on something they believe they have seen. Put another way, statistically speaking, it is nearly impossible for 100 people to all correctly identify a person in such a situation—thus, if they do, it calls into question the validity of the results.The researchers note that their findings apply to other areas as well—if 100 archeologists agree on the source of a find, for example, the odds are great that there is an error somewhere, because statistics suggests there should be at least some differences in the results. More information: Lachlan J. Gunn et al. Too good to be true: when overwhelming evidence fails to convince, Proceedings of the Royal Society A: Mathematical, Physical and Engineering Science (2016). DOI: 10.1098/rspa.2015.0748AbstractIs it possible for a large sequence of measurements or observations, which support a hypothesis, to counterintuitively decrease our confidence? Can unanimous support be too good to be true? The assumption of independence is often made in good faith; however, rarely is consideration given to whether a systemic failure has occurred. Taking this into account can cause certainty in a hypothesis to decrease as the evidence for it becomes apparently stronger. We perform a probabilistic Bayesian analysis of this effect with examples based on (i) archaeological evidence, (ii) weighing of legal evidence and (iii) cryptographic primality testing. In this paper, we investigate the effects of small error rates in a set of measurements or observations. We find that even with very low systemic failure rates, high confidence is surprisingly difficult to achieve; in particular, we find that certain analyses of cryptographically important numerical tests are highly optimistic, underestimating their false-negative rate by as much as a factor of 280. Credit: George Hodan/Public Domain This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

Term of joint panel on Land Acquisition Bill extended

first_imgThe Joint Committee of Parliament examining the contentious land bill was today granted a fresh extension till the end of the first part of the Budget Session.Committee chairman SS Ahluwalia moved a resolution in the Lok Sabha in this regard which was adopted by a voice vote. Its term was extended earlier on November 30 by the Lok Sabha till Wednesday.The resolution said: “That this House do extend time for presentation of the Report of the Joint Committee on the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation amd Resettlement (2nd Amendment) Bill 2015 upto the last day of the first part of the Budget Session, 2016.”last_img read more

3 Things to Make You Smarter About Your Mobile Strategy in 2015

first_img Opinions expressed by Entrepreneur contributors are their own. Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals Register Now » 5 min read Mobile advertising has slowly but surely established itself as a leader in digital media strategy, as this channel continues to evolve and innovation abounds. There are now 163.9 million smartphones in the United States alone, and mobile consumption is growing by leaps and bounds each year. If one thing is clear about your marketing efforts in 2015, it’s that mobile should play a major part.Related: 3 Things to Consider When Building a Mobile Advertising CampaignWhat’s still unclear to many businesses new to the mobile arena, however, is how best to utilize mobile to ensure they are deploying the best solutions, right now, that will score with their target consumers. Should they build their mobile effort based off a desktop platform? Should they develop an app? And what do they do with all the resulting data?Fortunately, putting together a smart mobile strategy isn’t as overwhelming as it sounds. Here are three things to consider for your mobile campaign as you move through 2015:1. Think “mobile-first.”As mobile continues its rapidly growing share of media strategies, many businesses are challenged on how to proceed, given the amount of internet traffic now coming over mobile devices. One thing’s for sure, though: You need to think “mobile-first.”Mobile-first means that your strategy starts with mobile, not something else that is later adapted for mobile, like desktop. It means knowing and understanding the platform in which the consumer is interacting with your brand, and designing strategy specifically for that platform.The popularity of mobile and social channels has seen a steady increase over the past few years, while traditional channels such as television and desktop have seen a decline. Mobile alone drove 30 percent of last year’s Black Friday sales, further proof that it is becoming the first place people go to look for information and content. So, mobile should be the first place your business looks to reach its consumers.This mobile-first approach provides a better opportunity for engagement, amplification and monetization -– all things that will impact your bottom line.2. Think about your choice: apps or the mobile web? This debate has inspired plenty of discussion in recent years, with no clear winner in sight. Both have their own pros and cons, so instead of trying to choose which one is “best,” choose which is best for your business.A mobile website is designed specifically for the smaller screens of smartphones and tablets, whereas mobile apps, which run on smartphones or tablets, have to be downloaded and installed.Both have their advantages. Mobile sites offer a more cost-effective approach, as well as broader, immediate accessibility and compatibility across devices. Apps, meanwhile, are great for regular usage and personalization, actions that require processing, such as GPS or cameras, native functionality or scenarios where there’s no connection required.So, which one’s best for your business? If your mobile strategy is to deliver content and establish a broad mobile presence that can be easily shared between users and found via search, a mobile website is the logical choice. However, if your goal is interactive engagement, or an app that works more like a program, an app is probably a better fit.Related: There Is Still Time to Prepare Your Mobile Marketing Strategy for 2015Either way, both mobile websites and mobile apps let customers find and access businesses from devices they use the most — mobile phones and tablets — so both should be included during initial campaign-planning discussions. Each avenue has its own role within your strategy, depending on who your audience is, and more often than not, both mobile web and app capabilities are needed.3. Think about all that data you’ll obtain — and the mobile decisions to go with it. A mobile campaign is going to bring your business a lot of valuable customer data: what devices they use, what platforms they utilize to interact with your brand and how and when they shop. This is a treasure trove of information that can help you better target your consumers; as such, it should be taken into account when making decisions regarding strategy.There is also all kinds of information available -– location-based data that allows promos to be pushed to consumers in a geo-targeted area; store browsing habits; consumer breakdowns by gender, age, etc.; and device information.Taking all of this information into account will allow you to better target consumers and more effectively meet their needs. Information also enables marketers to realize greater efficiency and ROI for their campaigns, while helping to identify other opportunities to advance their brands’ offerings and positioning.It’s not enough in 2015 to simply have a mobile presence; it’s crucial to be smart and strategic about the way you utilize this channel to reach your consumers because everyone uses mobile for different things -– shopping, content consumption, social media.A Nielsen study reported at the start of 2014 that the average American was spending seven more hours on mobile devices utilizing browsers and apps than the year before. What’s more, mobile video consumption had increased by 26 minutes.Clearly, your consumer’s attention is focused on mobile – more than half of consumers call it their “first screen.” So, yours should be, too.Related:  5 Tricks to Creating Compelling Mobile Ads April 21, 2015 Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right.last_img read more