World No.1 Simona Halep fit and rested after ‘scary’ back injury

first_imgHalep has a bye in the first round at Sydney.Sports Related Videospowered by AdSparcRead Next Tom Brady most dominant player in AFC championship history “It was very scary because it was below the back, so it’s always dangerous. But I had treatment at home, I rested for about six weeks and I did nothing, just exercises for the back,” she told reporters ahead of the Sydney International this week.“I didn’t have pain while I was practising this period, off-season. So now I feel confident and it’s okay. But I need to see during the official match.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSGolden State Warriors sign Lee to multiyear contract, bring back Chriss“I feel relaxed, I feel rested, I feel healthy with the back. But as I said, I didn’t play a match yet so I don’t know for sure how it’s going to be.”The early finish to 2018 was a disappointing end to a spectacular season, which saw the 27-year-old secure the year-end number one ranking for the second year running. Ginebra beats Meralco again to capture PBA Governors’ Cup title Cameron Johnson scores 15 points, No. 15 UNC tops Pitt Philippine Army to acquire MANPADS, self-propelled howitzers Trending Articles PLAY LIST 00:50Trending Articles00:55Black Nazarene back in Quiapo Church in record time02:24To have zero injuries, DOH wants a total fireworks ban02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Japeth Aguilar wins 1st PBA Finals MVP award for Ginebra Don’t miss out on the latest news and information. Nadine Lustre’s phone stolen in Brazil Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college In fight vs corruption, Duterte now points to Ayala, MVP companies as ‘big fish’ LATEST STORIES Ginebra beats Meralco again to capture PBA Governors’ Cup title She got off to a stellar start, reaching the Australian Open final and went on to win the Shenzhen Open, the Rogers Cup and her debut Grand Slam crown at Roland Garros.But it was also a year in which she split with Australian coach Darren Cahill, who is taking a break to spend time with his family.She is yet to replace him and doesn’t plan to do so for at least the next few months.“(Cahill) was a very big part of my career and I want to thank him for that. Together we won the Grand Slam that we always wished for,” she said.“It’s going to be tough. And it was tough, the off-season, without a coach, without Darren. But he decided this and I fully understood because family comes first always.”ADVERTISEMENT View comments MOST READ Simona Halep (R) of Romania gets medical treatment as she plays against Dominika Cibulkova of Slovakia during their women’s singles third round match of the WTA Wuhan Open tennis tournament in Wuhan on September 25, 2018. (Photo by NICOLAS ASFOURI / AFP)World number one Simona Halep Sunday admitted a back injury that ended her 2018 season early was “very scary”, but she has recovered and is feeling fit heading into the new season.The Romanian hasn’t played since withdrawing from the WTA Finals in Singapore in October with a herniated disc, and said she did nothing for six weeks to get over it.ADVERTISEMENTlast_img read more

2010 Fifa World Cup: Miscellaneous 1

first_imgClick on a thumbnail for a low-resolution image, or right-click on the link below it to download a high-resolution copy of the image.  The South African flag.Photo: MediaClubSouthAfrica.com• Download high-resolution image Makarapas – South African football fans’elaborate and colourful helmets –manufactured in a factory in Newtown,Johannesburg.Photo: Ndaba Dlamini, MediaClubSouthAfrica.com• Download high-resolution image Makarapas – South African football fans’elaborate and colourful helmets –manufactured in a factory in Newtown,Johannesburg.Photo: Ndaba Dlamini, MediaClubSouthAfrica.com• Download high-resolution image Makarapas – South African football fans’elaborate and colourful helmets –manufactured in a factory in Newtown,Johannesburg.Photo: Ndaba Dlamini, MediaClubSouthAfrica.com• Download high-resolution image Makarapas – South African football fans’elaborate and colourful helmets – being manufactured in a factory in Newtown,Johannesburg.Photo: Ndaba Dlamini, MediaClubSouthAfrica.com• Download high-resolution image Makarapas – South African football fans’elaborate and colourful helmets –manufactured in a factory in Newtown,Johannesburg.Photo: Ndaba Dlamini, MediaClubSouthAfrica.com• Download high-resolution image Makarapas – South African football fans’elaborate and colourful helmets – being manufactured in a factory in Newtown,Johannesburg.Photo: Ndaba Dlamini, MediaClubSouthAfrica.com• Download high-resolution image Makarapas – South African football fans’elaborate and colourful helmets – being manufactured in a factory in Newtown,Johannesburg.Photo: Ndaba Dlamini, MediaClubSouthAfrica.com• Download high-resolution image Makarapas – South African football fans’elaborate and colourful helmets – being manufactured in a factory in Newtown,Johannesburg.Photo: Ndaba Dlamini, MediaClubSouthAfrica.com• Download high-resolution image Beetle mania: With eye-catching stretchlimousines crafted from old VolkswagenBeetles, a group of four football fanaticshave created a mobile show of support forthe home team, Bafana Bafana.Photo: Natalie Erasmus,MediaClubSouthAfrica.com• Download high-resolution image {loadposition fifa}last_img read more

50 South African youth initiatives’ stories shared in book

first_imgMelissa Javan12 August 2016Tebogo Suping of Kagiso in Gauteng is one of 50 young people who are featuredin the book Activate! Change Drivers that was recently launched inSouth Africa.“It’s our turn to change the world,” says the book’s first page. On another page,a woman is holding a placard that reads: “Our country. Our voice. Youth can changethings.”The book gives insight to what the members of the network Activate! SouthAfrica are doing across the country. The 50 young people are members of thenetwork. These members are called the Activators.Suping tries to improve the lives of school children in her community. She hasestablished a business called the Blaq Apple Communications and Events. Everyyear she and her team run camps for matric learners during the school holidays atthe local community centre.They help the learners with study support and personal mentoring. Throughoutthe process the learners must do communitywork to teach them to be sociallyaware, reads the book. They have also helped the learners with practical knowledgelike getting ready for university studies, applying for a bank account or an identitybook and bursary applications.At the end of last year, six of the learners who were helped by Suping and herteam were in the top two of their schools. The six obtained 33 distinctions betweenthem, including maths and science.“There is time to make money and there is time to makechange” – Tebogo Suping @ActivateZA @Ke_Geeman #Activating2030— Mr. PR (@collensthe) July 29,2016Benefits of the networkThe aim of the Activators in the network is to build the youth’s identity, createprojects, share ideas and collaborate with each other to drive opportunities.The book also says that in 2015 the Activate Community DevelopmentCertificate Course was piloted and applied to the South African QualificationAuthority to accredit the course. The aim is to offer an accredited qualification incommunity development at NQF level 5.This is to help the committed young people (the Activators) get a qualificationthat will be recognised in their communities and in society.Chris Meintjes is the chief executive officer of the network Activate!He believes that by June 2030, the future of South Africa will look good if theActivators are still busy with their community work. (Image: Activate!Leadership)The aim of the bookChris Meintjes, chief executive officer of the network, says in the foreword ofthe book: “The purpose of this book is to inspire all who read it. There’s not a wholelot of good news around, yet when you look at the challenges young people face,and see how the Activators are working together to create opportunities, youbecome aware that the future is filled with hope.”The network founded in 2011.Meintjes explains that each Activator has committed to a journey of service tothe public. “They work from within their own homes, communities and beyond.Many of them run their own initiatives and some volunteer in support of others.”The book launchThe book launch took place on 29 July 2016 in Johannesburg.At the launch, Meintjes says it has been a humbling experience working withthe Activators. “The past five years has been an incredible journey. The book is astep in theright direction for us.“It celebrates what is possible in the hands of a network of people. You[Activators] are the reason that there is rekindled hearts in this country.”He says the network started to build opportunities and create connections.“They [the Activators] give me hope. I see the value in the work they’re doing. Isee a future – it looks promising, that future – when I am working with thesepeople.”Meintjes says in 2011 when the network started, they worked with 20 to 30year olds. “Their energy is amazing.”He says if you flip over the book, you’ll see the possibilities of what the futurewill look like if these Activators continue with their good work in South Africa.”Would you like to use this article in your publication or on your website?See Using SouthAfrica.info materiallast_img read more

2020 Flood Risks on Big Muddy

first_imgShare Facebook Twitter Google + LinkedIn Pinterest By Chris ClaytonDTN Ag Policy EditorNEBRASKA CITY, Neb. (DTN) — The U.S. Army Corps of Engineers is warning residents throughout the Missouri River watershed that the risks for spring flooding in 2020 remain high.This week, the Corps has been holding fall meetings throughout the Missouri River Basin as a normal course of business to detail projected water storage, anticipated precipitation and flood expectations for next spring.For roughly 100 residents who showed up Thursday night in Nebraska City, the event was an emotional release and a chance to demand change in the Corps’ management and vent over the more than eight months of floodwaters with some farms and homes still under water.Alice Hodde, who farms with her husband in Fremont County, Iowa, has seen her home lost and farm income wiped away twice in eight years. Hodde said she and her husband, Lyle, both in their late 60s and early 70s, are too old to start over.Alice Hodde said farmers are stressed emotionally, and she is concerned about suicide risks.“Do you know the human toll this takes on a farmer?” she asked the top Corps official at the meeting. “We can’t start over. We’re too old … I think something needs to change.”Lyle Hodde later told DTN, “Right now, this flooding is ripping families apart.”Alice Hodde said a small group of people affected in Fremont County had written more than 800 letters to federal officials, seeking to change how the Corps manages the river.Looking at conditions in the basin right now, the major water-holding dams at Fort Peck, Montana, Garrison Dam in North Dakota and Oahe Dam in South Dakota all are storing roughly 6 feet to 7.5 feet above normal reservoir levels.On the ground, soils are considered “extremely wet” throughout the upper basin in Montana, North Dakota and South Dakota, down into a large section of Nebraska as well. Those wet soil conditions are likely going to carry into spring and translate into higher runoff.Rainfall levels in both the last six months and the last 12 months have been above normal across the Missouri River Basin. South Dakota has hit record levels of rainfall over the past year.“Throughout the entire basin, it has been an extremely wet year,” said Kevin Grode, who leads the Corp’s reservoir regulation team for the Missouri River Basin.And precipitation forecasts remain high. At a regional NOAA call earlier this month, Doug Kluck, regional climate service director for the Midwest, stressed that not only is the basin saturated with high soil moisture, but the region also has an increased chance for higher-than-average precipitation through January.“Anything that falls will have complications to it,” Kluck said on a webinar. “What we need is an extended period of dryness in a warmer time of the year to dry the soils out.”Corps officials and National Weather Service staff in Omaha also pointed to higher-than-average precipitation through January.The Corps currently is releasing 80,000 cubic feet per second (cfs) from the Gavins Point Dam in South Dakota, the final dam in the Missouri River system. The Corps has maintained high flow volumes since the “bomb cyclone” in mid-March that hit South Dakota and Nebraska. The Corps anticipates the 80,000 cfs releases will remain that high through the end of November, then the flow volume will be brought down. Still, winter releases will remain high to drain about 1 million acre feet of water out of the dam system before spring runoff begins to hit.“We’re going to evacuate the flood-control storage, and we’re going to be as aggressive as we can,” said John Remus, chief of the Missouri River Basin for the Corps.Remus said it’s critical for the six dams on the river north of Iowa to have as much storage capacity as possible going into next spring, noting there is still a great deal of work needed to restore the levee system. At least some federal levees right now aren’t expected to be fully repaired until next summer.Residents frustrated with the flooding recommended the Corps either hold more water in the dam system to reduce river flows or keep higher flows going longer into the winter as a way to open up the dams to store higher volumes of spring runoff.Remus stressed the dams are based on a “what goes in has to go out” focus annually.Throughout the year, the Corps has released more than 61 million acre feet of water, more than twice the average volume of 25.4 million acre feet. By the end of 2019, volume releases for the year could top 2011, which was a record volume.From Sioux City to St. Louis, more than 300 miles of levees were damaged in this year’s flooding, which included 40 levee breaks just in the Corps’ Omaha District. While some levees in Iowa have been plugged, others levees, such as levee “536” in Atchison County, Missouri, likely won’t be completely repaired until next summer, Corps officials said.The Corps has been operating on a three-prong approach for recovery from current flooding on the river. The first focus is to close the breaches, then work to build the levees back to authorized height. The Corps received $1.1 billion in supplemental funding from Congress last month to help with flood recovery.After that is done, the Corps intends to take a long-term holistic study of the Missouri River system that could take from three to five years to complete. That study would look at long-term adjustments to levees, possibly bringing non-conforming agricultural levees into the federal system and tackling choke points in the river system.There were a lot of concerns about whether the basin can wait as many as five years for a study, which then might lead to congressional funding and action to better protect the basin even further into the future after the study is completed.Speakers in Nebraska City pushed hard on the Corps to change its 2004 master manual for the Missouri River. Farmers and others believe one of the reasons flooding happened in 2011 and 2019 was because the Corps gives too much deference to the U.S. Fish and Wildlife Service for endangered species habitat restoration in the 2004 manual.“Let’s go back to the 1979 manual,” said Leo Ettleman, a farmer in Fremont County, Iowa. He added, “We have got to get Fish and Wildlife out of the management of the Missouri River or we will continue to flood, and that’s all there is to it.”Remus was reluctant to consider changes to the master manual. He said such changes would have to come from Congress or a federal judge ordering the Corps to change the manual.Speaking to DTN after Thursday’s meeting, Remus said the Corps looked at changing the manual after 2011 to factor in climate changes that have intensified rainfall in the northern part of the watershed. That didn’t happen, though, and the Corps right now does not factor in a changing climate to consider how to manage the river.“As long as what comes in must go out, the longer you hold it, the higher the flows are in the fall,” Remus said. “You may be causing flooding as many years as you are preventing it.”Other residents questioned whether the flooding was happening as a way for the Corps and U.S. Fish and Wildlife to take away farmland. The Hoddes, for instance, lost 600 acres in the 2011 flood that had to go permanently into a wetlands program. Remus said he could not talk about issues such as taking of land because of ongoing litigation.Chris Clayton can be reached at Chris.Clayton@dtn.comFollow him on Twitter @ChrisClaytonDTN(AG/)© Copyright 2019 DTN/The Progressive Farmer. All rights reserved.last_img read more

Diversification and Dollar-Cost Averaging: Time-Tested Investment Strategies

first_imgMonth 4$ 50.00$ 5.0010.00 Purchase investments, such as mutual funds and exchange-traded funds, that contain diversified portfolios of stocks and/or bonds Total$300.00 Month 3$ 50.00$ 5.0010.00 Purchase a lifestyle mutual fund that includes three asset classes- stock, bonds, and cash- in varying proportions. Investment companies generally offer several portfolios within these funds, each with a different amount of risk. For example, a growth portfolio would hold more stock as a percentage of assets than a moderate growth portfolio. By Barbara O’Neill, Ph.D., CFP®, Rutgers Cooperative Extension, oneill@aesop.rutgers.eduMany military families are faced with investment decisions, such as whether or not to participate in the Thrift Savings Plan (TSP) available to service members or fund an IRA for retirement savings or a 529 plan for their children’s college savings. Some are new to investing and may have many questions about how to get started and how to succeed.Two time-tested investment strategies are to diversify and dollar-cost average. Diversification means spreading your money among different investments to reduce the risk of loss from a decline in any one investment. There are several easy ways to diversify investments:Place money in different asset classes (e.g., stocks, bonds, cash, and real estate), a strategy known as asset allocation For more information about diversification and dollar-cost averaging, visit the eXtension Investing For Your Future home study course. Month 2$ 50.00$ 8.006.25 Month 1$ 50.00$10.005.00center_img Month 6$ 50.00$10.005.00 Choose different investments within each asset class (e.g., stock from different industries) Month 5$ 50.00$ 8.006.25 Time PeriodRegular InvestmentShare PriceShares Acquired Purchase a lifecycle (target date) fund that manages money toward a future year (e.g., 2040) and generally reduces the percentage of stock and level of risk in the fund as the target date is approached. An example is the L fund in the TSP.Dollar-cost averaging is the practice of investing equal amounts of money (e.g., $50) at a regular time interval (e.g., monthly), regardless of whether the value of investments is moving up or down. A common example is the amount that workers contribute to a tax-deferred retirement plan each pay period. Another is monthly deposits that are automatically debited from a bank account and transferred into a mutual fund investment plan.Dollar-cost averaging reduces average share costs over time. Investors acquire more shares in periods of declining share prices and fewer shares in periods of higher prices. When dollar-cost averaging is practiced over long time periods, time diversification reduces investment risk. A simple illustration of dollar-cost averaging can be found in the table below. The average cost per share is $7.06 ($300 in deposits divided by 42.50 shares).Illustration of Dollar Cost Averaging 42.50 Purchase well-diversified stock and bond index funds that track broad market indiceslast_img read more

Ban cow slaughter, says Congress MLA

first_img The Bill, which was passed by the Assembly in the absence of opposition members, who were suspended from the House on the last day of the Budget session, has also made cow slaughter and transportation of cow or beef and beef products cognisable and non-bailable offences.“I support the ban on cow slaughter and my demand is that the ban should be extended nationally. But I also want to stress that in Gujarat, the BJP government has handed over vast areas of grazing lands to industries and, as a result, cows are roaming in the streets and forced to eat plastic bags,” Mr. Shaikh said.According to him, some anti-social elements in the State, in a nexus with the police and anti-social elements from other States, are involved in cow smuggling and transportation, which must be reigned in by the authorities.“Let there be very strict punishment for cow smuggling carried out by anti-social elements from Gujarat and outside. The police are also involved but, at the same time, those running the slaughter houses legally should not be harassed,” Mr. Shaikh and other community leaders said.In Gujarat, cow vigilantes have become a major force, creating law and order problems for the State authorities. Last year, a group of vigilantes had publicly thrashed Dalits in a village near Una in the Saurashtra region for skinning a dead cow and filming the atrocity.The issue became a national controversy after a video showing Dalits tied to a vehicle paraded and thrashed went viral on social media platforms.Top leaders, including Congress vice president Rahul Gandhi and Delhi chief minister Arvind Kejriwal visited the victims, slamming the State administration for the plight of Dalits engaged in skinning dead animals in the State. A senior Congress lawmaker in Gujarat, Gyasuddin Shaikh, has demanded that the cow should be declared the “national animal” and has requested all slaughterhouse owners and operators in Ahmedabad and Gujarat to ensure that the cow or its progeny is not slaughtered anywhere in the State.Mr. Shaikh, along with a group of Muslim community leaders, appealed to those engaged in running slaughter houses after the Bharatiya Janata Party (BJP) government in Gujarat amended the Gujarat Animal Preservation Act on March 31 to make cow slaughter punishable with life imprisonment, a first in the country. “Muslims, and particularly those involved in the meat business, must respect religious sentiments in order to maintain communal harmony in the State,” said Mr. Shaikh, a legislator representing the Dariapur Assembly segment in Ahmedabad city.Also Read Declare cow as national animal, ban slaughter of all bovine animals: Ajmer Dargah Deewanlast_img read more

Jets Hope For Super-Bowles

first_imgTweetPinShare0 Shares FLORHAM PARK, N.J. — No bold statements. No wild guarantees.Just two serious football guys from New Jersey aiming to turn the New York Jets’ fortunes around.Coach Todd Bowles and general manager Mike Maccagnan presented a united front as a new era took flight for the Jets on Jan. 21 during a packed and mostly low-key news conference that formally introduced the pair.“Going forward,” Bowles said with a big smile, “it’s going to be a dream working with this guy.”Maccagnan was hired Jan. 13 to replace the fired John Idzik. Bowles was signed a day later to replace Rex Ryan.And unlike Ryan’s first brash, headline-making news conference with the Jets in 2009, the more understated Bowles offered no Super Bowl guarantees but rather modest goals focused on restoring a winning approach to a franchise that has missed the playoffs for four straight seasons.“We’re going to be a tough team,” Bowles promised, “an intelligent team. We’re going to do things the right way. … We’re going to try to build a championship team here, and that’s my only job.”A few months into his tenure, Ryan declared that he didn’t come to New York to “kiss (Bill) Belichick’s rings.” Bowles was asked about those same rings, and managed to not provide the New England Patriots with any bulletin board material.“I’m going to work on getting my own rings,” he said, joking. “They’re the cream of the crop of the division. That’s why they’re in the Super Bowl. They’re somewhere that we’re striving to get to and that’s what we’re going to work toward.”The former Arizona Cardinals defensive coordinator also insisted that he will bring a new attitude to his players, a winning approach that’s sorely needed after a 4-12 season.“We have to teach them our culture,” Bowles said. “Not that the other culture was bad, but it didn’t win.”This is a homecoming of sorts for both Bowles, who grew up in Elizabeth, about 19 miles southeast of the facility and was the Jets’ secondary coach in 2000, and Maccagnan, who’s from Hightstown, about 50 miles south of team headquarters.They both know the history of the franchise, from Broadway Joe making good on his Super Bowl guarantee in 1969 to the Jets’ failure to make the big game since.Both Bowles and Maccagnan used the word “dream” when they described their opportunity, and owner Woody Johnson declared that his two big hires were the perfect hires to get things turned around.“These gentlemen, in my estimation,” Johnson said, “are the people.”Maccagnan, Houston’s former director of college scouting, said there’s “a good foundation in place” on the Jets’ roster, and he typically would like to build through the draft but indicated the team is still formulating its offseason approach.All three men sat at a table in front of the team’s auditorium — appropriately decked out in green ties — and preached the value of being on the same page.Johnson also made it clear that he likes the idea that Bowles will be focused on all three phases of the team — defense, offense and special teams — something that the defensive-minded Ryan was often criticized for not doing.Bowles, who spent the last two seasons running Arizona’s defense, won’t be calling the plays on defense; that’ll be up to his still-unnamed coordinator, but he’ll have input. Same for the offense, which will be run by Chan Gailey, who was hired Jan. 20 after being a “priority” for Bowles because of his ability to “get the most out of” his players.Bowles appeared to loosen up as the news conference went along, cracking a few jokes along the way and showing off some of his personality. When asked to describe himself, Bowles had the room laughing.“There’s a sarcastic side,” he said, smiling. “There’s a comedy side. There’s a serious side. I’m sort of the male Sybil.”Maccagnan was mostly soft-spoken and all business when he took questions. He reminisced about when he and Bowles met while they were with the Redskins in the late-1980s, back when Maccagnan was an intern in the front office, and Bowles was a safety.The two didn’t get to know each other well then — but met again last week when Maccagnan picked up Bowles from the airport, and they quickly determined they were a good match as GM and coach.“It was a very natural fit,” Maccagnan said. “It was just one of those situations that just felt right. I am very excited about going to war here with Todd here for the next few years.”(DENNIS WASZAK Jr., AP Sports Writer)last_img read more

Dorian LPG Invests in Scrubbers

first_imgzoomImage Courtesy: Dorian LPG Dorian LPG has hired scrubber manufacturer K Marine for the delivery of seven hybrid exhaust gas cleaning systems (scrubbers).The investment has been revealed by John Lycouris, Chief Executive Officer, Dorian LPG (USA), in the company’s conference call on the second quarter results.The scrubbers will be installed during 2019, ahead of the implementation of the 2020 sulphur cap.Since its fleet of ECO vessels was ordered in 2013, the ships had incorporated features to accommodate future  scrubber retrofits and/or engine updates for LPG as fuel.According to Lycouris, as such, the company expects the fleet to benefit from lower retrofit costs and faster retrofit installation turnaround.“The company expects the project costs to reach approximately USD 20 million for the supply and installation of these scrubber systems,” Lycouris said, adding that the company’s project on implementing LPG as fuel is closer to realization.Namely, the company plans to upgrade its vessels with MAN’s dual fuel ME-LGIP engines. The first commercial utilization of the engines on board Dorian’s ships is set for 2020.To fast track the project the company has engaged with M&N Energy Solutions from Copenhagen, the manufacturers of all main engines of Dorian LPG’s ECO fleet vessels.Separately, John Hadjipateras, Chairman and Chief Executive Officer of Dorian LPG, said that the company continues to evaluate BW LPG’s proposal and all others opportunities to create value.However, Hadjipateras refused to take questions on the process until further notice.To remind, Singapore-based BW LPG increased its all-stock proposal to combine with gas carrier owner and operator Dorian LPG in July.Under the proposal Dorian shareholders would receive 2.12 BW LPG shares for each Dorian share.The revised proposal, represents a value of USD 8.67 per share of Dorian common stock based on BW LPG’s closing share price of NOK 32.86 on July 6, 2018.The upping of the offer came after Dorian LPG rejected the takeover bid from BW LPG, unveiled on May 29.Dorian LPG reported a net loss of USD 20.6 million for the three months ended June 30, 2018, compared to a net loss of  USD 6.7 million, for the same quarter last year.“Following a series of transactions finalized during our first fiscal quarter, we have completed our refinancing plan with no debt refinancing requirements until 2022 and limited interest rate exposure,” Hadjipateras said.“With the recent increase in freight rates, our modern fleet of ECO VLGCs should continue to earn a demonstrable premium, which we believe may become more pronounced following the implementation of new regulations to reduce sulphur emissions. With a de-risked balance sheet and a modern, fuel-efficient fleet, we feel well-positioned for any rate environment and the new world of International Maritime Organization regulations beginning in 2020.”World Maritime News Stafflast_img read more