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Green Discount Initiative Takes Root at Port of Gothenburg

first_imgzoom One in three vessels that called at Sweden’s Port of Gothenburg in 2016 were classified as green according to the industry environmental indexes and were given an environmental discount on the port charges. In total, 75 vessels received a discount of 10 per cent on the port charges in 2016 compared to 41 in 2015. This represents an increase of 83 per cent on the previous year, the port said.Edvard Molitor, Environmental Manager at Gothenburg Port Authority, said: “The growing number of vessels classified as green is highly encouraging. They are also vessels that call at the port on a regular basis.”The discount is based on two separate environmental indexes, Environmental Ship Index and Clean Shipping Index. Vessels that have a score of at least 30 according to ESI, or which are classified as green according to CSI, receive a 10 per cent discount on the port charges.An additional discount is available for vessels that run on liquefied natural gas (LNG). In total, these vessels receive a 30 per cent discount each time they call.In 2016, two vessels received the maximum discount. These were Ternsund and Fure West, owned by Donsö-based shipping companies Tärntank Ship Management AB and Furetank AB.“Swedish shipping companies are very much at the forefront when it comes to LNG, methanol, hybrid electric ships and other eco-smart solutions,” said Molitor.The current environmental discount was first introduced at the port on January 1, 2015. Another similar environmental reward system was in place prior to that. The aim is for shipping companies to be encouraged to mitigate their environmental impact in a way that goes beyond laws and regulations.“We want to reward the shipping companies for their green initiatives. For the average freight vessel, the environmental discount could result in savings of tens of thousands of kronor,” said Molitor.The process of securing the discount has now been additionally simplified, the port said. Previously, companies were required to register their vessels with Port Control at the Port of Gothenburg. With effect from January 1, 2017, registration takes place automatically when vessels call at the port. Vessels running on LNG will still need to report to the Gothenburg Port Authority to secure the discount.last_img read more

Local Government Elections Coming

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items:amanda missick, donhue gardiner, local government, Pdm, pnp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 14 Oct 2014 – There could be local government elections coming for the family islands of the Turks and Caicos in the next fiscal year… explained by one of the ministers responsible for the implementation of this constitutional requirement. Hon Don Hue Gardiner said there is much to be considered including whether the local government reps will be elected… how they can elected and how much money should be budgeted for them to run the islands’ affairs, themselves. Also speaking to the issue, which has seen a back and forth between the PNP Administration and the PDM Official Opposition was Home Affairs Minister, Amanda Missick who said this financial year could not bear the implementation of the concept. Cabinet has sanctioned a working group to do the leg work ahead of a start next year to local government. Opposition Leader responds to Throne Speech  11 days later; says PDM Govt plan puts TCI in ‘deep doo doo’ TCI Country Leaders condemn vicious memes Olive branch extended by Opposition Leader, says it is time for Turks and Caicos leaders to unite Recommended for youlast_img read more

TEF provides additional 350M for Exim Bank Loan Facility

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items: Facebook Twitter Google+LinkedInPinterestWhatsApp#Jamaica, September 4, 2017 – Kingston – The Tourism Enhancement Fund (TEF) has allocated an additional $350 million to the National Export-Import (EXIM) Bank of Jamaica to continue the provision of loans to the operators of small and medium-sized tourism enterprises (SMTEs).The allocation represents the second tranche of the $1-billion TEF/EXIM Bank Jamaica loan facility, which was launched in September 2016 with an initial $300 million capital injection by the tourism entity.    The facility enables the industry stakeholders to access between $5 million and $25 million at five per cent interest for five years.Among those eligible are operators involved in spa and wellness; gastronomy – restaurants and food-related businesses; small accommodations; shopping and galleries; attractions; knowledge networks; and sports and entertainment as well as manufacturers and suppliers.Speaking at the official handover at the Tourism Ministry in New Kingston on Wednesday, August 30, Portfolio Minister, Hon. Edmund Bartlett, said the loan facility was a critical financial lifeline that had allowed and would enable more sector stakeholders to create jobs, generate growth and facilitate economic well-being.Additionally, he said it represented the Government’s acknowledgement of the entities’ integral role in the tourism value chain.“The idea was born out of the need to build capacity within the sector and provide financial support to enterprises that would better enable them to capitalise on business opportunities to better participate in the supply chain of the sector,” the Minister said.Mr. Bartlett advised that the first tranche of the loan facility has been fully disbursed, and encouraged other entrepreneurs not yet accessing the provision to take advantage of it to grow their businesses.EXIM Bank Managing Director, Lisa Bell, disclosed that the entity has, to date, processed more than 28 loan applications totalling $509 million under the programme. She said applications totalling $408 million have been approved, with disbursements totalling $311 million.The applications processed for approval fall in the categories of: attractions – $84.5 million; small accommodations – $105 million; gastronomy – $25 million; linkages – $32 million; shopping networks – $30 million; manufacturing – $47.5 million; services – $48.4 million; spa and wellness – $12. 5 million; and domestic tours and car rentals – $125 million.“We are very pleased about that, because we knew this programme could be revolutionary, not only because of its attractive terms and conditions but it really would put funding into the hands of those who needed it,” Mrs. Bell said.She further noted that the Bank has received an additional 25 qualified expressions of interest totaling approximately $470 million.In 2015, the World Bank noted that formal SMTEs contribute up to 60 per cent of total employment and up to 40 per of national income in emerging economies.In the Caribbean, these enterprises contribute more than 90 per cent of employment and 70 per cent of the gross domestic product.For more information on the loan facility, persons may call the EXIM Bank at (876) 630-1400 to make an appointment; visit its offices at 85 Hope Road, Kingston 6; or website at www.eximbankja.com.last_img read more

Allegri We achieved our objective by winning the group

first_imgMax Allegri accepted Juventus loss to BSC Young Boys but admitted they achieved their objective of topping the Champions League group.Juve’s remarkable 26-game unbeaten run which stretches back to November 2017, was ended by the Swiss side but they still topped the group as Manchester United lost 2-1 to Valencia.“We achieved our objective by winning the group, even on a night where everything seemed to go wrong,” the Coach told Football Italia via Rai Sport.“We missed so many opportunities and gifted a penalty, so at the end of the day it was only right that we lost.”Paulo Dybala came off the bench to score a powerful finish and was about to get the equaliser, but it was disallowed for Cristiano Ronaldo’s offside position.Massimiliano Allegri, Cristiano Ronaldo, JuventusMassimiliano Allegri hails the mentality of Cristiano Ronaldo Andrew Smyth – September 13, 2019 Massimiliano Allegri opened up on his great respect for old star player Cristiano Ronaldo, but warned Juventus that Inter Milan “can win the Scudetto”.“It was offside. In any case, an equaliser wouldn’t have changed anything at that point. We started well and were not lazy in our approach, things just didn’t go our way, but we still won the group and I, therefore, thank the lads.“I preferred to rest Miralem Pjanic ahead of the derby with Torino on Saturday.”Juventus could face Atletico Madrid, Tottenham, Liverpool, Schalke, Ajax or Lyon in the Round of 16.“It doesn’t matter who we face, as long as we reach February in good shape.”last_img read more

Investors IRS File Objections to Source Interlinks Reorganization Plan

first_imgLast week, the Internal Revenue Service filed its objection to Source’s plan, claiming it owes more than $10 million in unpaid taxes. The objection said Source’s reorganization plan cannot be confirmed because it does not ensure adequate payment of the IRS’ tax claims. The IRS said Source and its affiliates have not filed a “staggering” number of federal tax returns.It was not immediately clear how the IRS objection, or the stakeholders’ motion, will effect Source’s emergence from bankruptcy protection. A Source spokesperson did not return a request for comment. An attorney with Source’s legal counsel, Pachulski Stang & Hutz, also did not return a request for comment.Bankruptcy BackgroundLast month, the company, controlled by billionaire Ron Burkle’s Yucaipa Cos., filed for Chapter 11 bankruptcy protection—saying it reached an agreement with its lenders to “eliminate approximately $1 billion dollars of existing debt” and privatize the company.  Source’s lenders agreed to funnel $100 million in additional liquidity into the company. Source, in turn, agreed to pay “all of its vendors in full and on time.” Source said it expected to emerge from bankruptcy protection within 35 days.The company also is seeking permission to borrow up to $385 million in post-petition financing as part of its plan to eliminate $1 billion in debt, according to a report on Law360.com. Source reportedly owes its creditors about $733 million.A number of other creditors have also filed objections to Source’s plan of reorganization. According to a Law360.com report, SINV LLC, one of Source’s landlords, filed an objection stating that the planned consolidation of Source’s affiliates could “hurt its claims.”Automotive media company eVox Productions also objected, claiming, the plan violates a licensing agreement it had with Source.According to a report in the New York Post, a Source attorney said the IRS claims are current payroll taxes, not past-due back taxes.A hearing about Source’s plan of reorganization is scheduled for today. A group of stockholders and the Internal Revenue Service are among those that have filed objections to Source Interlink’s pre-packaged plan of reorganization.On Wednesday, the magazine publisher and distributor filed its own objection in Delaware’s U.S. Bankruptcy Court, asking the judge to deny an emergency motion filed by an ad hoc group of stockholders requesting a 45-day delay of the plan’s confirmation and to form an official committee of equity holders. According to the motion, Source’s plan includes a debt-for-equity swap with lenders and rewards management “responsible for present circumstances” with equity stakes in a new company.In its objection, Source said the ad hoc group is made up of investors who hold only about 2 percent of the company’s outstanding shares. Source said forming a committee is not necessary because, according to the plan, the stockholders are not expected to receive a meaningful distribution.last_img read more

Source Interlink Launches Magazine with Emphasis on Newsstand Not Advertising

first_imgWhen a pair of longtime Source Interlink Media executives began talking 10 months ago about launching a magazine, they wanted to develop something completely “out of the box” in terms of Source’s army of auto and action sports enthusiast titles. The result is Bound by ink, a glossy print magazine it says chronicles the impact of art on tattoo culture.“We noticed that in the tattoo category, there are a lot of titles out there but all are very similar in the sense that they focus mainly on just the tattoo and the artist,” says Source Interlink vice president and new business manager Howard Lim.  “In our segments of automotive—the lowrider crowds, the Harley riders, etc.—we wanted to showcase the art that surrounds the tattoo community. The challenge here was to create something that is ‘outside the box’ for Source, outside its core competency of autos and motorsports.”Bound by ink publishes quarterly and has an initial national distribution of 175,000. The target demographic currently skews slightly male, ages 21 to 34. “We want to get in your face with a larger than life delivery, to go beyond the visuals and get to the people and their stories, and what inspires their tattoo ideas,” says Alan Alpanian, Source Interlink senior vice president and chief creative officer. Alpanian and Lim collaborated on the magazine’s launch. With a $7.99 cover price, the launch issue of Bound by ink has 124 pages including covers—10 pages of which were ads (including one house ad). “We’re being very selective about the type of advertising we have,” says Lim. “We really want this to be about the consumer and to not infringe too much on that spirit of what we’re trying to do. It’s different from what we traditionally have done.”Lim says advertising has primarily been the main driver for revenue for Source magazines with newsstand a close second. For this particular product, however, “we wanted to develop a title that would be self-sustainable with just the newsstand.”Bound by ink has a companion Web site and Source is developing other digital and mobile assets around the brand, Lim says.last_img read more

The Top Magazine Industry Deals of 2011

first_imgWhile not a blockbuster year for magazine media M&A, 2011 did have its share of big deals, as well as some that clearly signaled where publishers were placing their bets on future revenues. While Hearst’s purchase of the Hachette brands was the biggest strictly magazine deal of the year, it was nevertheless a relative anomaly. Straight magazine deals on a large scale were almost non-existent and may become a rarity going forward if some industry observers are proven correct. Instead, e-commerce, events, marketing services and digital deals were more the norm as publishers looked for tuck-ins to create an instant revenue source to shore up a flat advertising market.Looking back on 2011, our list includes some big deals alongside others that represented significant milestones for some companies and brands, as well as some smaller deals that were noteworthy in their own right or intersected the magazine industry, such as Glam’s purchase of the Ning community platform or AOL’s acquisition of Huffington Post. PROPERTIES: Lagardere SCA’s Magazine PortfolioHunting ExposLMK AppNing16 Percent Stake In MSLOGeorge Little ManagementQuarkPrimedia Inc.Huffington Postlast_img read more

People on the Move

first_img In her previous role, Blanchard served as head of communications for NBCUniversal’s Entertainment & Digital Networks and Integrated Media division, comprised of a diverse portfolio of businesses including Telemundo Media, Bravo Media and Sprout, among others. “Communication is central to everything we do as we transform Condé Nast to the premier media company of the future,” said Sauerberg.  “Cameron is a uniquely qualified executive with extensive experience in media, and will be the ideal partner to me and the team to lead our communications and strategic efforts during the next phase of our growth.” Here are the rest of this week’s people on the move:  AtlanticLIVE, the events division of The Atlantic, has hired Emmy award-winning journalist Rob Hendin as its executive producer. Hendin has served as a senior producer at CBS News’s Face the Nation since 2011. Prior to his tenure at Face the Nation, he held numerous leadership roles at CBS including chief White House producer, senior political producer and chief justice producer. International Business Times, a digital global news publication, has announced that award-winning journalist, Carter Dougherty, has joined the newsroom as senior international economics writer. Dougherty has covered international economic issues for nearly 20 years, starting at the specialty publication Inside U.S. Trade in Washington. Meredith Corporation has announced that chief strategy officer Kim Martin will be expanding her responsibilities to include oversight for Meredith National Media Group’s original video programming development across all platforms. Prior to joining Meredith, Martin served as president and general manager of WE tv for nine years.center_img Trusted Media Brands, Inc. (formerly Reader’s Digest Association) announced that Alec Casey has been appointed chief marketing officer. With more than two decades of publishing experience, Casey joins from Bloomberg, where he served as head of global circulation and production.  Condé Nast president Bob Sauerberg has appointed Cameron Blanchard executive vice president of corporate communications. Blanchard succeeds Patricia Röckenwagner and was previously senior vice president of corporate communications at NBCUniversal. Fusion.net has announced several hires to their audience development and analytics teams: Alton Phillips as their new executive director of audience development, and Diana Ryan, who will serve as a growth editor. Adam Neuman has been promoted to senior analytics manager and Harry Cammer has joined as analytics associate to support Adam. Farm Journal Media has named Melissa Sanders Carroll to the new position of general manager of Top Producer Executive Network (TPEN)–Farm Journal’s three year-old, rapidly growing peer-to-peer network for executive level producers. Most recently, Sanders Carroll served as general manager for Adayana’s government-focused consulting service in Washington DC.last_img read more

Wilmington Rotary Clubs Annual Auction 10000 Raffle Set For November 16

first_imgWILMINGTON, MA — The Wilmington Rotary Club is excited to announce its Annual Auction on Friday, November 16, 2018, at the Wilmington Knights of Columbus Hall (112 Middlesex Avenue). Doors open at 6pm. Auction begins at 7pm.Local businesses are donating items to be auctioned off, and there is a free buffet and cash bar available, as well as a “wine wall.”This is the Rotary Club’s big fundraiser, and proceeds go towards scholarships for graduating Wilmington seniors, as well as the various projects that the Club does around town, including improvements to Rotary Park, donations to the library and the public schools, and various youth organizations. Proceeds will also benefit Rotary International initiatives, including efforts to eradicate polio, develop clean water projects, and the homelessness and hunger initiative.At the conclusion of the night, the Club will draw the winning raffle tickets, for the following prizes:Grand Prize – $10,000Two Second Place Prizes – $1,000Two Third Place Prizes – $500Four Fourth Place Prizes – $250Only 350 tickets are being sold. Tickets cost $100 each.  For tickets or more information, please contact John Doherty at 978 658-3805.(NOTE: The above information is from the Wilmington Rotary Club’s Facebook page.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedWilmington Rotary Club’s Annual Auction Set For November 17In “Community”Wilmington Rotary Auction Set for November 18In “Community”Tickets Still Available For Wilmington Rotary Trivia Night On June 14In “Community”last_img read more