With OBJ done for the year, Higgins could be the man to step up for Cleveland.
With OBJ done for the year, Higgins could be the man to step up for Cleveland.
An inquest has been told Hassan Khalif Shire Ali had been flagged as potentially violent and possibly armed a week before his deadly Bourke Street attack.
November 25, 2020NORDIC SHIPHOLDING A/S Company Announcement: 10/2020 Published via NASDAQ OMX on November 25, 2020 Q3 Result 2020 Summary The comparison figures for period ended 30 September 2019 are stated in parenthesis.The very high Time Charter Equivalent (“TCE”) rates arising from the short-term surge in demand for tonnage caused by the COVID-19 pandemic and the oil price war which started in Q1 2020 positively impacted the Group’s earnings in 9M 2020. Despite the downward correction in daily TCE rate from May 2020, the average daily TCE rates earned in Q3 2020 and 9M 2020 by the 5 vessels were approximately 11% and 53% higher than the average TCE rates earned in Q3 2019 and 9M 2019, respectively.The TCE revenue in Q3 2020 falls short of expectation due to lower than expected daily TCE rates, exacerbated by lower contribution from Nordic Hanne as she was off-hired since 11 September 2020 due to a contact damage during a Ship-to-Ship operation. She resumed trading on 28 October 2020.For the 9 months ended 30 September 2020, the Group incurred a loss after tax of USD 3.9 million (including a one-off impairment loss of USD 10.7 million on the vessels), compared to a loss after tax of USD 4.7 million in the same period last year. Excluding the impairment loss of USD 10.7 million (USD 0.2 million), the Group generated a profit after tax of USD 6.8 million for the 9 months under review (loss after tax of USD 4.5 million). The improved TCE revenue from the vessels contributed to the improved results in 9M 2020.Despite the sale of Nordic Ruth in July 2019, TCE revenue rose 57.3% to USD 24.0 million (USD 15.2 million) in 9M 2020 primarily from higher TCE revenue generated by the vessels in the pools compared to the same period last year. Further, the TCE revenue in 9M 2019 were impacted negatively by the dry-dock of 3 vessels (Nordic Anne, Nordic Agnetha and Nordic Amy) in Q3 2019.Expenses relating to the operation of vessels in 9M 2020 decreased to USD 8.6 million (USD 10.8 million) mainly due to the sale of Nordic Ruth in July 2019.EBITDA increased significantly to USD 14.2 million (USD 3.3 million) as a result of improved TCE revenue in 9M 2020. Other external costs remained relatively unchanged at USD 1.0 million (USD 1.0 million).In line with management’s strategy to secure longer term financing in the renegotiation of the Group’s loan facilities, two co-brokers were appointed in May 2020 to officially test the buying interest for one vessel, Nordic Hanne, a handysize tanker. Hence, the Group recognised impairment losses totaling USD 4.2 million in 9M 2020 following the reclassification of Nordic Hanne as an asset held-for-sale in Q2 2020. It is noted that the estimation of Nordic Hanne’s expected sale value is highly uncertain. The Group also recognised impairment losses of USD 6.5 million on the other four vessels in 9M 2020 primarily due to reduced earnings expectations. The Group realised a loss of USD 0.2 million on asset-held-for-sale in 9M 2019 related to the sale of Nordic Ruth in July 2019.After accounting for depreciation, impairment losses, interest expenses and other finance expenses, the loss after tax was USD 3.9 million in 9M 2020 (loss of USD 4.7 million).Between 31 December 2019 and 30 September 2020, equity decreased from USD 7.9 million to USD 4.0 million as a result of the cumulative loss during the period. Consequently, the equity ratio declined from 8.1% to 5.1%.As part of the loan restructuring concluded with the lending banks in Q4 2018, the financial covenants under the original loans such as (i) minimum value (fair market value of vessels as a percentage of outstanding loan) and (ii) minimum equity ratio are waived whilst the minimum liquidity level is reduced. The relief from these financial covenants are provided till and including 30 September 2020. In addition, the quarterly loan instalments due from December 2018 to September 2020 are deferred to December 2020 where all of the Group’s debts to the lending banks mature. The Company, together with its majority shareholder, are in active discussions with the lending banks on securing longer term financing for the Group. Negotiations are ongoing and are expected to be completed during December 2020 when an announcement will be published. It is management’s expectation that the lenders will finance the Company in a period longer than 31 December 2020.The Group is also subject to a quarterly cash sweep mechanism under which the Group after payment of instalments and interest under the loan agreement, must apply any cash and cash equivalents of the Group in excess of USD 6.0 million towards prepayment of the loan. During 9M 2020, this cash sweep mechanism was activated on 31 March 2020, 30 June 2020 and 30 September 2020, and a total of USD 13.3 million excess cash was used to pay down the loan (USD NIL cash sweep for 9M 2019).During the financial period under review, cash flow generated from operations was USD 14.1 million (USD 2.0 million) contributed by earnings from the pools. As at 30 September 2020, cash and cash equivalents stood at USD 6.2 million (USD 6.4 million, including balances held in dry-docking reserve bank accounts).The outlook for 2020 remains unchanged as indicated in the Company Announcement 09/2020 on 20 November 2020.For the rest of 2020, the five vessels will continue to be commercially deployed on a pool basis (including the vessel currently earmarked for sale). Barring unforeseen circumstances, the TCE revenue for 2020 is forecasted to be in the region of USD 27.0 million – USD 29.0 million.After accounting for operating expenditure budgeted by the respective technical managers, the Group’s expected EBITDA (earnings before interest, tax, depreciation and amortisation) for 2020 is in the range of USD 13.0 million – USD 15.0 million. The result before tax is expected to be a loss between USD 5.0 million – USD 7.0 million including impairment loss. For further information please contact: Knud Pontoppidan, Chairman of the board, Nordic Shipholding A/S: +45 39 29 10 00Attachment * NSH Q3 2020 Financial announcement
Demand for food & beverage products and growing emphasis on revolutionary printing technology will proliferate in the global packaging printing sectorDallas, Texas, Nov. 25, 2020 (GLOBE NEWSWIRE) -- The “Packaging Printing Market by Printing Technology (Flexography, Offset, Gravure, Screen Printing, and Digital printing), Printing Ink (Solvent-Based Ink, Aqueous Ink, UV Curable Ink, Latex Ink, and Others), Applications (Household & Cosmetic Products, Food & Beverages, Pharmaceutical, and Others), Packaging Type (Labels, Glass, Plastic, Metal, Paper & Paperboard, Cartons, and Others), and by Region, Global Forecast, 2018 to 2028” study provides an elaborative view of historic, present and forecasted market estimates.Request a pdf sample at https://www.adroitmarketresearch.com/contacts/request-sample/1470The global packaging printing market size is projected to grow from USD 320.6 billion in 2019 to USD 440.6 billion 2028. The packaging printing provides the package with quality printing, which in turn meets industry demands. It uses numerous printing methods, including flexography, digital printing, engraving, screen printing, and offset printing. It is used for many processes of packaging, including rigid plastic paper & paperboard, glass, and metal. Furthermore, the packaging technology industries include food & beverages, pharmaceutical and other industries. Adroit Market Research study on the global market for packaging printing offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global composite resin market have been analyzed in depth.Browse the full report with Table of Content and List of Figures at https://www.adroitmarketresearch.com/industry-reports/packaging-printing-marketThe demand for packaged goods and items coupled with shifting emphasis to online shopping is growing paper dependence. Moreover, the growing tendency towards flexible packaging along with steady growth across print media, including newspapers and newspapers, is stimulating demand for paper. In addition, ongoing innovation activities to boost the properties of printing materials in the coming years will complement the size of the industry. In addition to this, the report sheds light on various aspects of the global packaging printing industry by analyzing the sector using value chain analysis. The study covers many qualitative aspects of market factors for the packaging printing industry, market constraints and key developments in the sector. Furthermore, the study offers a comprehensive overview of market rivalry with global company profiles of global as well as local vendors.Are you looking for a DISCOUNT? If yes, then get in touch with us at https://www.adroitmarketresearch.com/contacts/discount/1470On the basis of application, the demand for packaging printing is classified into household & cosmetic products, food & beverages, pharmaceutical and others. The food & beverage segment is projected to rise over the forecast period 2020-2028 at a CAGR of over 5 per cent. Growth in this segment is primarily contributing to growing packaged food consumption along with increasing importance of the presence of packaging would increase the demand for the product in the coming years.Europe is expected to keep pace with strong growth over the projected period. The ongoing launch of enhanced printing technologies for printing along with ongoing development across the packaging industry is boosting the region's industry size. The major players of the global Packaging Printing market comprise of Mondi, Sonoco Products Company, Graphics Packaging Holding Company, Quad/Graphics, Amcor Limited, Constantia Flexibles, and WS Packaging Group, including others.Direct purchase the report at https://www.adroitmarketresearch.com/researchreport/purchase/1470Major Points from Table of Contents: Chapter 1 Executive Summary Chapter 2 Research Methodology Chapter 3 Executive Summary Chapter 4 Market Outlook Chapter 5 Packaging Printing Market by Printing Technology Chapter 6 Packaging Printing Market by Printing Ink Chapter 7 Packaging Printing Market by Application Chapter 8 Packaging Printing Market by Packaging Type Chapter 9 Packaging Printing Market by Region Chapter 10 Competitive Landscape Chapter 11 Company Profiles Chapter 12 AppendixAccess research repository of Upcoming Reports @ https://adroitmarketresearch.com/upcoming.html About Us: Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.Contact Us: Ryan Johnson Account Manager - Global 3131 McKinney Ave Ste 600 Dallas, TX 75204 Email ID: email@example.com Phone No.: +1 972-362 -8199 Connect with us: Facebook | Twitter | LinkedIn
Ninety-seven pilot whales and three dolphins have died in a mass stranding on the remote Chatham Islands, about 800km off New Zealand's east coast.
The following are the top stories in the Wall Street Journal. - The U.S. Centers for Disease Control and Prevention may soon shorten the length of time it recommends that a person self-quarantine after potential exposure to the coronavirus, hoping that such a step will encourage more people to comply, a top agency official said. - Purdue Pharma LP pleaded guilty to three federal felonies related to the marketing and distribution of its powerful opioid painkiller OxyContin, ending the bankrupt company's exposure to U.S. government action but leaving other liabilities to state and local governments looming.
Home Affairs Minister Peter Dutton has cancelled the citizenship of Abdul Nacer Benbrika, Australia's first convicted terrorist leader.
Investors have nearly achieved gains in 2020 after the ASX closed higher and within a point of its starting place.
A Sydney mother who allegedly stabbed her 22-year-old son multiple times will remain in custody after her matter was briefly heard in a Sydney court.
US ambassador Arthur Culvahouse has criticised China over its grievances with Australia, which were shared with a journalist in Canberra.
India will host England for four Tests in early 2021 in what could become the key clashes in deciding who reaches the world Test championship final.
The electric vehicle pioneer's business has plenty of long-term promise, but it's the short run that most people are looking at right now.
The Australian Open will likely be delayed by one to two weeks, officials said Wednesday, as talks continue over staging the tournament in Melbourne, which has only recently emerged from months of coronavirus lockdown.
Premiership star Dayne Beams' AFL career is officially over after well documented mental health problems.
Melbourne defender Kade Kolodjashnij has announced his retirement at just 25 years of age due to concussion issues.
Fighting between Ethiopia's military and regional forces from the northern Tigray region is seriously destabilising the East African region and hostilities should halt, the European Union foreign policy chief said. Hundreds of people have been killed since fighting began on Nov. 4, more than 41,000 refugees have fled to Sudan and there are reports of militias targeting civilians. Ethiopia has described the fighting as an internal law enforcement matter, a position Prime Minister Abiy Ahmed reiterated in a statement on Wednesday.
South Australian authorities have announced sweeping reforms for the state's COVID-19 hotel quarantine arrangements to improve safety.
The MILLA POD The MILLA Group has selected the award-winning Leddar™ Pixell as the front-end LiDAR for their MILLA POD autonomous shuttle. The MILLA POD The MILLA Group has selected the award-winning Leddar™ Pixell as the front-end LiDAR for their MILLA POD autonomous shuttle.QUEBEC CITY, Nov. 25, 2020 (GLOBE NEWSWIRE) -- LeddarTech®, a global leader in Level 1-5 ADAS and AD sensing technology, is proud to have been selected by the MILLA Group as the supplier for their cocoon LiDAR sensor. The MILLA Group has selected the award-winning Leddar™ Pixell as the front-end LiDAR for their MILLA POD autonomous shuttle. The Leddar Pixell is the most robust solid-state LiDAR on the market. This sensor provides a 180-degree horizontal field of view (FoV) and can offer 360-degree coverage of a vehicle when four modules are used. The Leddar Pixell offers best-in-class shock and vibration resistance meeting ISO 16750-3 requirements and complies with the SAE J1455 standard for heavy dust intrusion, positioning the Leddar Pixell for use in the industrial vehicle markets requiring robustness and durability. Also, the Leddar Pixell is IP67 certified and provides an MTBF of more than 148,000 hours, which is equivalent to ten times that of scanning solutions. The Leddar Pixell is ideal for shuttles, robotaxis, ADVs, and other off-road vehicles used in construction, agriculture, and mining applications.“MILLA has engaged with LeddarTech on the robust Leddar Pixell for our MILLA POD. The POD is an innovative autonomous shuttle that has been deployed throughout Europe and North America,” stated Éric Gendarme, Managing director of the MILLA Group. “The radical changes we implemented in the POD related to the design lend themselves well to the Leddar Pixell; this LiDAR enables us to have a 180-degree field of view, which increases safety and overall reliability of our autonomous shuttle.” Mr. Gendarme continued: “The MILLA POD, equipped with Leddar Pixell along with the other autonomous technology components that make up our operating systems, was submitted to the RATP Group, a State-owned public transport operator operating in 13 countries and on four continents, tasked with evaluating and qualifying autonomous public transportation vehicles. The RATP reported that the operating systems of the MILLA POD, which included the Leddar Pixell, meet the stringent qualification requirements,” Mr. Gendarme concluded.“We are honored to be a chosen supplier to MILLA Group for our sensing technology,” stated Frantz Saintellemy, President and COO of LeddarTech. “The MILLA Group represents a forward-thinking organization that tackles autonomous shuttle technology with a new and innovative approach; we are proud that our Leddar Pixell contributed to MILLA’s technical certification with the RATP Group,” Mr. Saintellemy concluded.About MILLA GroupMILLA Group is a leading independent French company of engineers specialized in the design, development, fabrication, and experimentation of new mobility products and services. MILLA’s new mobility concept is to provide a sustainable, modular, scalable, and adaptable transporting service accessible to everyone. Since 2019, MILLA’s shuttles are rolling daily on open roads at the speed of 30 km/h in autonomous mode, a unique service on Earth. Today MILLA is the only mobility provider proposing on-demand and multi-modal transportation solutions (people and goods) for rural and peri-urban zones. The technologies implemented by MILLA Group have significant impacts also on the automotive industry. Major world-leading companies are using MILLA’s services, such as robotization and automation of vehicles and their experimentation on open roads.Contact Éric Gendarme at firstname.lastname@example.orgAbout LeddarTechLeddarTech is a leader in environmental sensing platforms for autonomous vehicles and advanced driver assistance systems. Founded in 2007, LeddarTech has evolved to become a comprehensive end-to-end environmental sensing company by enabling customers to solve critical sensing and perception challenges across the entire value chain of the automotive and mobility market segments. With its LeddarVision™ sensor-fusion and perception platform and its cost-effective, scalable, and versatile LiDAR development solution for automotive-grade solid-state LiDARs based on the LeddarEngine™, LeddarTech enables Tier 1-2 automotive system integrators to develop full-stack sensing solutions for autonomy level 1 to 5. These solutions are actively deployed in autonomous shuttle, truck, bus, delivery vehicle, smart city/factory, and robotaxi applications. The company is responsible for several innovations in cutting-edge automotive and mobility remote-sensing applications, with over 95 patented technologies (granted or pending) enhancing ADAS and autonomous driving capabilities.Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook, and YouTube.Contact: Daniel Aitken, Vice-President, Global Marketing, Communications and Product Management, LeddarTech Inc. Tel.: + 1-418-653-9000 ext. 232 email@example.comLeddar, LeddarTech, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, VAYADrive, VayaVision, and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c4ce9937-f7fa-4d83-8c7d-a7106c467340 https://www.globenewswire.com/NewsRoom/AttachmentNg/64706fa3-751d-4a2d-b9eb-336c4a7f8d6f
Taataa Tafa, one of two men and nine boys accused of killing Melbourne teenager Solomone Taufeulungaki, has pleaded not guilty to murder.
A New Zealand soldier will face multiple charges at a Court Martial, the New Zealand Defence Force has confirmed.
NRL player Jack de Belin's lawyer has suggested a teenager may have alleged rape to stop the rumour mill after she was seen in a car with the partnered-up man.