Moody’s Reviews NYK for Rating Downgrade

first_imgThe Baa3 issuer rating of Japan’s shipping major Nippon Yusen Kabushiki Kaisha (NYK) has been placed on review for downgrade, according to Moody’s rating agency.“We expect NYK’s leverage will likely stay at its high level of above 7.0x for the next several years and surpass our downgrade trigger of 6.5x,” Motoki Yanase, a Vice President and Senior Credit Officer, said.Moody’s explained this debt/EBITDA leverage metric does not appear likely to improve materially without substantial efforts to reduce debt. Without debt reduction, the ratings agency forecasts NYK’s retained cash flow/net debt will stay around 10% compared to 11.9% during fiscal 2017 ended on March 31, 2018.Additionally, the merger of the containership businesses of NYK, Mitsui O.S.K. Lines, and Kawasaki Kisen Kaisha, which started operation in April 2018, is expected to realize some cost savings and margin improvements for the new entity, Ocean Network Express (ONE).“With the inception of ONE, NYK has deconsolidated its containership business. The deconsolidation of this long unprofitable business will temper NYK’s earnings volatility, though it will take time to bear out its effect on its credit metrics.”Moody’s expects that NYK, as the largest 38% shareholder of ONE, will remain exposed to the credit risks originating from the containership business. NYK expects that its revenue for the fiscal 2018, after the deconsolidation of the business, will decline by approximately 20%.The rating agency said that the review will focus on NYK’s plan to manage future debt, including how this could be managed with asset sales and vessel turnover in the next several years; the progress of the integration of the containership business under the new company and associated cost savings; and how the company’s other businesses – such as air cargo and bulk shipping, including energy and car carriers – will trend and help support NYK’s future profits.last_img read more

Another BJMP personnel tests positive for COVID-19

first_imgThe disease can spread from person to person through small droplets from the nose or mouth which are spread when a person with COVID-19 coughs or exhales. * 25-year-old female from Lapuz, Iloilo City (Patient No. 106), still on facility quarantine Here’s the breakdown of the 113 cases: * Antique – 14 COVID-19 is the infectious disease caused by the most recently discovered coronavirus. This new virus and disease were unknown before the outbreak began in Wuhan, China in December 2019. * Iloilo province – 20 * 31-year-old male from Zarraga, Iloilo (Patient No. 59), recovered * repatriates – 35 (Aklan, two; Antique, four; Guimaras, three; Iloilo province, four; Negros Occidental, seven; Bacolod City, four; Iloilo City, 11) These droplets also land on objects and surfaces around the person. Other people then catch COVID-19 by touching these objects or surfaces, then touching their eyes, nose or mouth./PN * Capiz – six * 23-year-old-male from Banate, Iloilo (Patient No. 100), recovered * Aklan – six Overall in the region, confirmed cases reached 113 as of yesterday with 81 patients having already recovered. The mortality, on the other hand, still stood at 10. * Negros Occidental – three * Bacolod City – 10 According to Dr. Renilyn Reyes of the Department of Health (DOH) Region 6 yesterday, it was still unclear if this case contracted the disease from the three earlier COVID-19 cases of BJMP-6. Patient 113, asymptomatic, is on facility quarantine. * Iloilo City – 19 This latest BJMP case is a 52-year-old male from La Paz district here. He is now Western Visayas’ Patient No. 112 although asymptomatic. The most common symptoms of COVID-19 are fever, tiredness, and dry cough.  Some patients may have aches and pains, nasal congestion, runny nose, sore throat or diarrhea. These symptoms are usually mild and begin gradually. Some people become infected but don’t develop any symptoms and don’t feel unwell. ILOILO City – Another personnel of the Bureau of Jail Management and Penology (BJMP) Region 6 tested positive for coronavirus disease 2019 (COVID-19), bring the regional bureau’s confirmed cases to four. Patient No. 112 was one of two new COVID-19 cases in the region confirmed by DOH yesterday. The other case was a 36-year-old-female from Bacolod City (Patient No. 113) – a healthcare worker. The three cases were the following:last_img read more

US dictionary Merriam-Webster to change its definition of racism

first_imgKennedy Mitchum, a recent graduate of Drake University in Iowa, contacted Merriam-Webster, which has published its dictionaries since 1847, to propose updating the term. “I basically told them that they need to include that there’s a systematic oppression upon a group of people,” she told the local CBS affiliate KMOV. “It’s not just, ‘Oh, I don’t like someone.’” (AFP) Kennedy Mitchum, a recent graduate of Drake University in Iowa, contacted Merriam-Webster, which has published its dictionaries since 1847, to propose updating the term. AFPcenter_img WASHINGTON – The American reference dictionary Merriam-Webster will change its definition of the word racism at the suggestion of a young black woman, who wanted it to better reflect the oppression of people of color.last_img read more

Champions League final could be played in Portugal

first_imgMarcelo Rebelo de Sousa, the president of Portugal, has intimated that the latter stages of this year’s Champions League could take place on Portuguese soil. The Champions League is set to return in August. Read Also:Man City, Inter waited for Messi to signify he wanted Barca exit “We’re not going to rush into anything, we don’t want to see progress and [then] setbacks,” he noted. The final of this year’s Champions League, before the coronavirus pandemic, was scheduled to be played at the Ataturk Olympic Stadium in Istanbul, Turkey. FacebookTwitterWhatsAppEmail分享 With just a few last-16 ties to resolve, there are rumours that Portugal may take on the quarter-finals and beyond in August in order to complete this season’s competition. “I have the feeling that we can still have good news in terms of international football in Portugal in August,” Rebelo de Sousa said. The Liga NOS is set to get back underway on June 3, but the president has made clear that they will not be rushing to get fans back into the stadiums.Advertisementcenter_img Loading…last_img read more

Third Shawano wins of season for Yarie, Van Straten

first_imgBy Scott OwenSHAWANO, Wis. (May 21) – Marcus Yarie and Travis Van Straten both won their third local fea­tures of the season while Lucas Lamberies secured his second Shawano Speedway victory of 2016 Saturday night.In Xtreme Motor Sports IMCA Modified action, Tyler Wilson grabbed the lead on the opening lap, but was quickly pressured by Joel Seegert. The lead duo raced nose to tail as Seegert tried both high and low to find a way by Wilson.As the lead duo duked it out, Yarie worked his way toward the front after starting deep in the field and on lap nine it became a three-car battle for the lead. Wilson continued to lead with Seegert and Yarie side-by-side and right on Wilson’s bumper.Yarie finally found an advantage on lap 15, making a pass up high in turns one and two to take the lead, then led the rest of the way for the win. Seegert made a last-lap pass of Wilson to finish second.The IMCA Sunoco Stock Car feature continued the green to checkered, caution-free trend.  Van Straten made his way to the lead on lap 12 with an outside pass of Rod Snellen­berger.  VanStraten held the point position the rest of the way, but it was not easy as Snellen­berger and Kyle Frederick stayed right on him.Karah Taycher secured the lead on the opening lap of the Karl Chevrolet Northern SportMod fea­ture while Brekken Kleinschmidt settled into second. Kleinschmidt maintained the second position un­til Lamberies grabbed the second spot on lap five and then used an inside pass to take the lead.Taycher continued to chase Lamberies until lap 12 when Jordan Barkholtz hustled his way into the second position.last_img read more

Braaksma goes back to back with BVR win on Speed Shift TV Dirt Knights Tour night 2

first_imgKyle Brown and Jesse Rogotzke, who’d started 13th, completed the top five.  Laney ran second the last nine times around the track but didn’t get the break he needed as the 25-lapper ran caution-free. Chris Abelson, a three-time tour winner at BVR, started 12th and fin­ished third. Hancock County Speedway at Britt is next on the Dirt Knights schedule, with a $1,000 to win, 2020 Fast Shafts All-Star Invitational ballot qualifying event on Tuesday, July 28. Ethan Braaksma raced to a second win in as many Speed Shift TV Dirt Knights Tour outings this season Wednesday night, checking out on the rest of the IMCA Modified field en route to the $1,000 checkers at Buena Vista Raceway. (Photo by Jim Steffens) He started and finished fourth in his DKT heat race. All Dirt Knights Tour events are broadcast by Speed Shift TV. Braaksma made his charge from seventh starting, taking over the front spot as leader Matt Bon­ine slowed with mechanical issues and checked out on everybody, taking the checkers half a lap ahead of runner-up Cody Laney. ALTA, Iowa (July 22) – After a convincing win on opening night, Ethan Braaksma dominated on night two of the Speed Shift TV Dirt Knights Tour for IMCA Modifieds Wednesday at Buena Vista Raceway.  Braaksma had finished 14th in his two previous outings at Alta, in last year’s tour event and during last week’s Kyle Suter Memorial.  “We didn’t change anything from the heat. I didn’t know what the track was going to be like for the fea­ture but by the end it had slicked off to my liking,” he said. “I could hit my line and get around there pretty good.” “We’ve worked pretty hard for this,” said Braaksma, who put his name on the Fast Shafts All-Star Invitational ballot with his tour feature win Monday at Park Jefferson Speedway and banked $1,000 by taking the BVR checkers. “It was amazing to come out on top and know you beat the best guys in the Midwest twice.” The Joel Showalter Memorial for IMCA Sunoco Hobby Stocks that evening also pays $1,000 to win. IMCA Sunoco Stock Cars, Karl Kustoms Northern SportMods and Mach-1 Sport Compacts complete the card.  Pit gates open at 5 p.m. with racing to follow 7 p.m. hot laps.  Other Wednesday night winners at Alta were Brian Blessington in the IMCA Sunoco Stock Cars, 12th starting Cody Nielsen in the IMCA Sunoco Hobby Stocks, Doug Smith in the Karl Kustoms Northern SportMods and Kaytee DeVries in the Mach-1 Sport Compacts. Feature results – 1. Ethan Braaksma, Newton; 2. Cody Laney, Torrance, Calif.; 3. Chris Abelson, Sioux City; 4. Kyle Brown, Madrid; 5. Jesse Rogotzke, Sanborn, Minn.; 6. Ricky Stephan, Sioux City; 7. Billy Kendall III, Baxter, Minn.; 8. Kelly Shryock, Fertile; 9. Corey Dripps, Reinbeck; 10. Troy Cordes, Dunkerton; 11. Al Hejna, Clear Lake; 12. Jim Thies, Mapleton; 13. Bob Moore, Sioux City; 14. Jayden Larson, Mankato, Minn.; 15. Jake Pike, Pahrump, Nev.; 16. Chad Ten Napel, Sioux City; 17. Jason Brees, Meriden; 18. Kollin Hibdon, Pahrump, Nev.; 19. David Brown, Kel­logg; 20. Matt Bonine, Onawa.last_img read more

Morrison facing assault charges

first_imgWest Ham midfielder Ravel Morrison has been charged with assaulting two women. He has since been loaned out by West Ham to Birmingham and, more recently, QPR. West Ham declined to comment when contacted by Press Association Sport. Despite being touted as a bright prospect at Old Trafford, Morrison only appeared in the League Cup before Ferguson took the decision to allow him to leave. West ham boss Sam Allardyce took him to Upton Park but he was soon shipped out to Birmingham on loan, a move that the 59-year-old felt helped Morrison develop his attitude. Upon his return to Upton Park, Morrison established himself in the West Ham first team and was one of their better performers in the early stages of last season. He scored a memorable goal in a 3-0 win at Tottenham which was voted as goal of the season by Hammers’ fans before a niggling groin injury and a drop in form saw him lose his place in Allardyce’s side. Morrison picked up the first of his four England Under-21 caps in a 4-0 win over San Marino in October and was subject to a bid from Fulham in January – although the offer was rejected. Instead he was moved on to QPR on a loan deal until the end of the season as he helped Rangers to gain promotion from the Championship before returning to West Ham. Morrison did not travel with the squad on their recent pre-season tour of New Zealand as he underwent surgery on his groin problem, training alone at the St George’s Park national training base in Staffordshire. His long-term future at West Ham has again been questioned after the club’s co-chairman David Sullivan suggested Allardyce was not keen on keeping Morrison in his squad – even though the board wanted to offer the midfielder a new deal. But Allardyce came out on Wednesday to back Morrison, if he can prove he wants to make it at the club. “We thought we’d brought Ravel to the forefront of his abilities this time last year,” Allardyce told talkSPORT. “He had a fantastic pre-season and he started the season exceptionally well. I think that drifted away somewhat and he ended up with QPR on loan and ended up helping get them promoted.” Press Association Morrison, from Urmston, Manchester, was arrested on Wednesday and has been charged with two counts of common assault. He is due at Manchester and Salford Magistrates’ Court later today. A spokeswoman for Greater Manchester Police said: “At about 3.20am on Sunday, July 27 2014, police were called to an address on Alexandra Road, Peel Green, Salford, following reports a 19-year-old woman and a 39-year-old woman had been assaulted. “Officers attended and established the young woman had also been assaulted outside a bar in Manchester city centre earlier that evening and a 21-year-old man was subsequently arrested at a later date. “Ravel Morrison, of Urmston, is charged with two common assaults. “He is due before Manchester and Salford Magistrates’ Court on July 31, 2014.” Morrison was widely tipped to become a Manchester United regular as one of the club’s best home-grown prospects in their youth teams. But the midfielder was sold by former boss Sir Alex Ferguson to West Ham for £650,000 in January 2012. The 21-year-old is accused of attacking a young woman outside a bar in Manchester city centre in the early hours of Sunday morning. The former Manchester United player is also accused of assaulting the same woman and another 39-year-old woman hours later. last_img read more

Cricket News Australia prolong Pakistan’s misery with win in Abu Dhabi ODI

first_imgAustralia registered their sixth consecutive ODI win.Pakistan has not won a series against Australia since 2002.Australia won a series in India after 10 years. Finch reached his third consecutive fifty-plus score but Imad Wasim removed Marcus Stoinis (10) as Pakistan looked to fight back. Glenn Maxwell made a slow start but Finch’s quest of becoming the first Australian player to hit three consecutive fifties ended when Yasir Shah got his wicket for 90. However, Pakistan did not do themselves any favours when Wasim spilled a simple chance off Maxwell on 28 in the 44th over.Maxwell proceeded to smashed boundaries at will and his fifty, combined with Alex Carey’s cameo boosted Australia to 266/6. Finch’s side had scored 64 runs in the last six overs and Pakistan was under pressure. Imam-ul-Haq started briskly with three boundaries but Shan Masood fell to Pat Cummins for 2. Cummins, who had taken a break for the first two ODIs, continued to cause havoc by getting rid of Haris Sohail for 1. After a short rain delay, Cummins struck again by removing Mohammad Rizwan for 0.However, Imam looked in good touch and along with Shoaib Malik tried to rebuild the innings. The partnership went past fifty but Maxwell, who had earlier hurt Pakistan with the bat, trapped Imam LBW for 46. When Nathan Lyon sent back Shoaib Malik for 31, the game was up for Pakistan.Umar Akmal and Imad wasim scored briskly but they were only delaying the inevitable. Jason Behrendorff ended the sold stand by getting rid of Umar Akmal for 36 and Adam Zampa picked up four wickets in two overs to run through the lower order. His haul of 4/43 was the best by an Australian legspinner since Stuart MacGill in 2000.The win has boosted Australia’s morale heading into the ICC Cricket World Cup 2019 while for Pakistan, they have suffered a downturn in their fortunes at the wrong time. New Delhi: Aaron Finch missed out on a chance to create a new record for an Australian batsman but his 90, combined with Glenn Maxwell’s 71 and brilliant hauls from Pat Cummins and Adam Zampa helped Australia prolong Pakistan’s agony in ODIs as they won their sixth consecutive ODI and take an unassailable 3-0 lead in the five-match series. The 80-run win in Abu Dhabi resulted in Pakistan’s jinx  against Australia in ODIs getting extended, having not won a bilateral ODI series against the five-time world champions since 2002. For Australia, their redemption has well and truly begun and they will be heading into the World Cup as firm favourites.Australia chose to bat but suffered an immediate jolt when Usman Shinwari snapped up Usman Khawaja for 0. Shaun Marsh struck some quick boundaries but when he fell for 14 off nine balls, Australia had stuttered to 20/2. However, Peter Handscomb joined Aaron Finch and the dup proceeded to restore the advantage for Australia. Handscomb was the aggressor as he smashed four boundaries in one over bowled by teenager Mohammad Hasnain. Finch and Handscomb regularly rotated the strike and shared a 84-run stand but the stand was broken when Haris Sohail breached Handscomb’s defences to fall for 47. highlights For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more

Carter-Williams fuels Fair in victory against Villanova

first_img Published on January 12, 2013 at 7:19 pm Contact Chris: | @chris_iseman Facebook Twitter Google+ Related Stories DUG OUT: Late run, crucial Cooney 3s lead Syracuse over Villanova in scrappy shorthanded home winFreshman trio of Cooney, Coleman, Grant carries Orange to win against VillanovaWith Southerland out Syracuse forced to adjust to compact Villanova defensecenter_img Michael Carter-Williams continued to find C.J. Fair in the right spot for big buckets, and Fair continued to knock them down.Fair was 7-for-12 from the field and hit seven free throws in his 22-point performance, and keyed a run in the second half that helped Syracuse start to pull away from Villanova for good in its 72-61 win over the Wildcats on Saturday. Of his 22 points, Fair scored 16 of them in the second half.“Today I felt a rhythm early in the second half. Mike, he kept coming to me. He wanted to give me the ball, he wanted me to score,” Fair said. “When my point guard is running plays for me, that gives me confidence on making plays.”With Syracuse down 31-27 in the first minute of the second half, Fair made a layup to pull the Orange to within two. On the Orange’s next possession, he drilled a 3-pointer from the left wing that gave Syracuse a 32-31 lead. And it wouldn’t lose the lead for the rest of the day because of Fair’s production in the second half.He took over in the second half and scored 11 points during a 13-3 run for SU that lasted nearly six minutes.AdvertisementThis is placeholder textFair hit another jumper in the paint later in the second half to make it 55-47 Syracuse. Villanova hung around until the closing minutes of the game, but Fair came up big again.He grabbed a rebound on a Villanova miss and drew a foul on the Wildcats’ James Bell. Fair hit both free throws to keep the Orange up by nine with 33 seconds left.“The second half started, we wanted to go to C.J. and C.J. got us in front,” head coach Jim Boeheim said. “They were so concerned with C.J. we got two lob passes because C.J. was hurting them so much.” Commentslast_img read more

Kentucky native Blank becomes contributor for Syracuse

first_img Published on October 7, 2013 at 9:48 pm Facebook Twitter Google+ Hard worker. That’s been the one universal term that Morgan Blank’s coaches have used to describe the freshman forward. “Morgan is one of the hardest working players that I have ever coached,” Blank’s former Pittsburgh Penguins Elite coach Kate Binnie said in an email to The Daily Orange. “She put in relentless hours at the gym getting stronger and faster.”The work Blank has put in seems to have paid off as the Fort Mitchell, Ky. native is now a freshman playing Division I ice hockey at Syracuse. Kentucky, of course, is better known for its fried chicken than its development of hockey players. But, surprisingly, Blank grew up in a hockey family.“My older brother and twin brother both played,” Blank said.Two boys playing youth hockey is not that strange — even if they are playing in Kentucky. But a small southern girl like Blank getting into this winter sport was far from normal.AdvertisementThis is placeholder text“My twin brother during tryouts one year didn’t want to try out,” Blank said. “And I’m like, ‘I’ll try out.’ And he then said, ‘Girls don’t play hockey.’”That drive that pushed Blank to prove her brother wrong is the same drive that has fueled her these past few years. It’s the same drive that has earned her playing time as a freshman on a team with 12 other forwards.“She’ll play,” Flanagan said. “She’ll definitely get some ice time.”It may not be a starting role, but it’s certainly an opportunity, and Blank has shown throughout her career that all she needs is an opportunity. She made the most out of that a year ago when her brother decided to not try out. She made the most of her spot on Binnie’s Penguins Elite squad, scoring 45 points on 24 goals and 21 assists during her senior year. And she’s making the most out of this one so far.“(Blank’s) an incredibly great kid. She’s smiling all the time, and brings an incredibly great component to our locker room,” Flanagan said. “I’m pleasantly surprised with what she’s done in practice so far.”Flangan even went as far as to compare the young Blank to senior captain Margot Scharfe, who has played in every game of her SU career and was named to the All-College Hockey America second team.Blank and Scharfe are both primarily defensive forwards who have the ability to score when necessary.“They’re both smart players, aggressive and work hard,” Flanagan said.Binnie said that this past year, Blank has played for a men’s team as well as the Penguins. Every weekend, she would travel four hours to practice with the Penguins and one hour to practice with the men’s team.“(Blank) always gives 100 percent. She never takes a game, period, or even a shift off,” Binnie said. “She will outwork anyone on the ice.”  Commentslast_img read more