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November 18, 2020

The largest ITB tourism fair opens in Berlin

first_imgToday, the world’s largest tourism fair ITB was officially opened in Berlin, where the Croatian National Tourist Board premieres with a new stand design that will be used until 2022.ITB Berlin is the world’s leading tourism industry fair, taking place in its 52nd edition this year from March 7-11. The fair presents more than 180 countries from 5 continents, and during the event it is visited by more than 150.000 visitors. It is estimated that jobs worth 7 billion euros will be contracted during the fair.”Today, Croatia is one of the most attractive tourist destinations in the world, and in order to maintain the status of a hit tourist destination, we must follow the trends and continuously strengthen the recognition on the tourist market. That is why in the promotional segment, Croatia must be presented through an appropriate contemporary visual concept that will be able to attract tourists from around the world. Investing in the quality of visual identity certainly has its contribution to this. The new stand is dominated by furniture made in Croatia, and with the new design we are once again imposing trends and proving our creativity and innovation.”, Said director Staničić, emphasizing the importance of promotional activities on the German market and concluded that most of the funds provided for marketing activities CNTB invests in the German market.At the ITB fair, in addition to the Croatian National Tourist Board, 21 co-exhibitors present their offer: TZŽ Splitsko-dalmatinske, TZŽ Šibensko-kninske, TZŽ Dubrovačko neretvanske, TZ Grada Grada, TZO Ston, Croatia Airlines, ID Riva, Katarina line, Valamar, Maistra, Perfecta Travel, Aronda Adriana Travel, Aminess (Laguna Novigrad), Plava Laguna, Abacus Tours, Crvena Luka, Liburnia Riviera hotels (Remisens), Sunčani Hvar, The Yachting Club, Arena Hospitality Group and Maricom doo”The positive reactions of visitors at the ITB fair confirm Croatia’s position as a hit tourist destination. In 2018, we expect almost three million guests from Germany, and we pay special attention to even better direct air connections between our countries. This year, over twenty new airlines from Germany are waiting for us, which will connect numerous destinations in Croatia with Germany during all twelve months.”, Said Minister Cappelli and added that the great focus in further promotional and development activities will be on stronger development of selective forms of tourism such as health, cyclo, eno-gastronomic, rural and many others that are very interesting to visitors from this market.A new concept and creative solution for the CNTB’s appearance at tourism fairsPhoto: HTZThe new concept and creative solution of the CNTB’s appearance at tourism fairs is the work of the Group + Architecture team (Tihana Taraba, Filip Despot, Tvrtko Topic) under the theme “Connecting diversity and openness”. The emphasis of the new solution of appearances at tourist fairs gives the impression of openness, visual clarity and orderliness and quality organization, which is achieved by standardizing the emphasis of visual features of exhibitors at individual stands and designer furniture made in Croatia as an ambassador of domestic creativity and quality.Photo: HTZGermany is the main emitting market for Croatian tourism The German market is one of the most important emitting markets for Croatian tourism, from which the largest tourist turnover is realized. According to the eVisitor system, 2,7 million guests from Germany (+15 percent) visited Croatia last year, realizing 20,7 million overnight stays (+14 percent), which represents a high 20 percent share in the total number of overnight stays. Of the destinations, they mostly stayed in Rovinj, Poreč and Medulin. Also, guests from Germany are also the most numerous guests in continental Croatia, and they mostly stayed in Rakovica, Tuhelj, Slunj, Osijek and Sveta Nedjelja. They mostly stayed in household facilities (37 percent), followed by camps (32 percent) and hotels (19 percent).Positive trends in this important market are confirmed by research results TOMAS Summer 2017, according to which guests from Germany in Croatia spent an average of 75 euros per day, which is an increase of 13 euros compared to a previous survey conducted in 2014. We are also happy with the data according to which the main motives for the arrival of German tourists, apart from the “sun and sea”, are products such as gastronomy, natural beauties and new experiences.last_img read more

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September 19, 2020

Chicago State looks to end streak vs California Baptist

first_img Associated Press FEARLESS FRESHMEN: Chicago State’s Andrew Lewis, Amir Gholizadeh and Rajeir Jones have collectively accounted for 38 percent of the team’s scoring this season and have scored 55 percent of all Cougars points over the last five games.DEFENSIVE IMPROVEMENTS: The Cougars have allowed only 78.8 points per game across 12 conference games, an improvement from the 87.4 per game they allowed in non-conference play.SPARKING THE OFFENSE: Milan Acquaah has made or assisted on 48 percent of all California Baptist field goals over the last five games. The junior guard has accounted for 28 field goals and 36 assists in those games.WINLESS WHEN: Chicago State is 0-22 this year when it scores 74 points or fewer and 4-1 when it scores at least 75.UNDEFEATED WHEN: California Baptist is a perfect 10-0 when it holds an opponent to 66 points or fewer. The Lancers are 8-8 when opponents score more than 66. February 20, 2020 DID YOU KNOW: The California Baptist offense has scored 80.1 points per game this season, ranking the Lancers 13th among Division I teams. The Chicago State defense has allowed 81.4 points per game to opponents (ranked 303rd overall).___For more AP college basketball coverage: https://apnews.com/Collegebasketball and http://twitter.com/AP_Top25___This was generated by Automated Insights, http://www.automatedinsights.com/ap, using data from STATS LLC, https://www.stats.comcenter_img Chicago State looks to end streak vs California Baptist Share This StoryFacebookTwitteremailPrintLinkedinRedditCalifornia Baptist (18-8, 7-4) vs. Chicago State (4-23, 0-12)Jones Convocation Center, Chicago; Saturday, 1:05 p.m. ESTBOTTOM LINE: California Baptist looks to extend Chicago State’s conference losing streak to 31 games. Chicago State’s last WAC win came against the Kansas City Roos 96-82 on March 3, 2018. California Baptist fell short in a 69-63 game at Kansas City on Wednesday.last_img read more

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December 25, 2019

Witnessing historic vote

first_imgI am jingling the keychain in my pocket about 8 p.m. Wednesday as I stand in the parking lot of Fairplex. I silently curse myself for not removing the tiny pocketknife that is part of the keychain. No way will me and that knife with the 1 3/4-inch blade get through the security screeners. This little knife has caused me nothing but trouble. Hospital screeners have booted me out of their buildings, courthouse guards have threatened to take it away. I am usually inside an airport terminal when I remember I have it with me and start sweating bullets. On this night, I will have to deal with Pomona police and security screeners. I contemplate holding my knife against sky and hollering: “I am Zero! Zorro’s chubby brother!” and keeping them at bay with a series of parries and thrusts that would make Errol Flynn envious. But I want to get into the Fairplex building where Iraqis are voting on a new parliament. I want to see history on the run so to speak. So I put my little knife inside the hollow part of a parking lot sawhorse, and waddle toward the entrance gate. I am intrigued by this election. There are more than 200 parties or political entities listed on a ballot for 275 seats. I am told there are 7,700 candidates running. People are to pick one party. It’s amazing to me. In my little Covina home I am swamped by all sorts of campaign literature during election time. Hit pieces, hit pieces that hit back at the hit pieces, hit pieces to hit back at those hitting back at hit pieces. I get huge catalogues – which I never read – from the state or county outlining propositions on the ballot. I am trying to multiply that by 200. I want to find out if Iraqis have been barraged by mailers for this election. It didn’t happen, says Hamid Said, 49, a professor at UC Irvine. I meet Said as he is leaving the voting place. My eyes occasionally dart to where I hid my tiny pocketknife, and Said is non-plussed by my lack of eye contact. He’s gotten most of his information by family, e-mails, news, friends and the Iraqi-American community. Said is feeling good tonight. He’s voted. “It’s beautiful,” he said. “It’s thrilling to settle issues like this with pencil and paper instead of bullets and bombs.” I walk into the voting area and watch. There are about 30 people in the room. As each person votes, various poll workers applaud. I can’t help but think it’s a thrilling time for all involved. I approach a woman standing by herself who has just cast a ballot. I ask her if she has voted. She shakes her head yes and is beaming. Her eyes squint slightly as a smile fills her face. As I go, the lady at the front table asks me if I want to keep the press pass issued to me to get into the building. It has foreign scrawl all over it. I let her know I’d love to keep it. Something tells me I’d like to remember this night. In the parking lot I stop at the sawhorse and fish out my tiny pocketknife. I walk back to my car thinking how neat it was to watch this little bit of democracy in action. I am beaming, too. [email protected] (626) 962-8811, Ext. 2110 AD Quality Auto 360p 720p 1080p Top articles1/5READ MORERose Parade grand marshal Rita Moreno talks New Year’s Day outfit and ‘West Side Story’ remake160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

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December 21, 2019

Fears rise as leaked UK papers show no British solution for Irish backstop

first_imgAll potential British solutions to the post-Brexit Border are filled with difficulty and would leave smaller businesses struggling to cope, UK experts have said. It comes as a leaked British government papers outline major concerns just two months before Britain is due to leave the EU, according to a report.Critics said the paper, seen by the Guardian, should “ring alarm bells” across government over how likely it is that alternative arrangements to the backstop will be found. Fears have risen across the border region in recent months an old customs post on its border with the UK into a construction site. The Office of Public Works said it did not “currently” have any plans for the site.However, Cllr Gary Doherty said this has done little to reassure the community.Speaking to a British newspaper, the Donegal Cllr said: “The closer we get to a ‘no deal’ Brexit the more it looks like this will have to be a customs post. “For years nothing has happened to it, and then in the run-up to March [the original Brexit deadline], they cleared away the buildings. It seems like a very strange coincidence,” he added.According to the article, a major row broke out with Brussels in January when the European Commission’s official spokesman let slip that a hard border would have to go up after a ‘no deal’ Brexit.It was the first time that the EU appeared to warn Ireland in public that it needed to prepare to carry out checks around the border in a ‘crash-out’ scenario.However, Dublin responded by issuing a strongly-worded denial and urged the Commission to row back on the claim, which it eventually did.George Mills, from Donegal and a road haulier and spokesman for the Border Communities Against Brexit campaign group, said he was concerned that any new infrastructure would be a target for extremists. He said: “There will be more opportunities for smuggling, and whether they [dissidents] go and pull down a customs post, well, that’s possible, I would worry about something like that,” he said.“I would worry about ordinary people doing a job putting their lives in danger. Anything that makes that more possible is surely not a good thing.”Fears rise as leaked UK papers show no British solution for Irish backstop was last modified: September 2nd, 2019 by Staff WriterShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

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December 18, 2019

Cape Town to honour pioneering medical researcher Hamilton Naki

first_imgA posthumous honour is in the pipeline for the late Hamilton Naki, the medical research specialist who helped the team that performed the world’s first successful human heart transplant.The world’s first adult human heart transplant was performed by South African cardiac surgeon Dr Chris Barnard on 3 December 1967, in Cape Town, South Africa. Hamilton Naki was part of the research team that helped doctors achieve this pioneering medical success. (Image: Pixabay)CD AndersonThe city of Cape Town’s Naming and Nomination Committee announced on 10 January 2017 that it was considering re-naming Salazar Plain in the CBD after Naki. The committee has unanimously recommended to Cape Town Mayor Patricia de Lille a move forward with a public participation process for the renaming of the public space.Public participation recommended by the City of CT on whether Salazar Plain on the Foreshore should be renamed after Hamilton Naki. ? pic.twitter.com/kOdblgumPe— Tammy Petersen (@TammyPetersen87) January 11, 2017Appropriately, Salazar Plain is located on the city’s foreshore, opposite the Christiaan Barnard Hospital, named for the chief surgeon in the ground-breaking 1967 heart transplant operation, and with whom Naki worked closely to make the procedure a success.This year marks the 50th anniversary of the historic medical moment.Who was Hamilton Naki?Naki, who was born impoverished in rural Transkei, left school at 14 and began working as a gardener at the University of Cape Town. Unable to gain formal medical training because of the apartheid government’s discriminatory education policies, Naki however showed a keen interest in learning research and technical skills.He worked in the laboratories in the surgical faculty, initially as a cleaner and then later, showing a natural proficiency for research techniques and surgery procedures, became a laboratory assistant and animal anaesthetist.Later, Naki joined Dr Christiaan Barnard’s research team, which was developing methods for performing intricate organ surgery, focusing particularly on heart transplants.Role in Dr Barnard’s 1967 surgery teamNaki worked as an assistant surgeon on many of the training operations performed on animals, as well as compiled research for the team. However, contrary to popular belief and unsubstantiated media reports since Naki’s death in 2005, he was not part of the official transplant team on the day of the operation.This did not take anything away from the importance of his work for Barnard’s team, however, although it would take another three decades for any official acknowledgment of Naki’s contribution.Towards the end of the apartheid years, Barnard was able finally to speak publicly of Naki’s role, telling the Associated Press in 1993: “If Hamilton had had the opportunity to perform, he would have probably become a brilliant surgeon.”Elaborating in a 2001 interview with the UK’s Daily Telegraph, Barnard said Naki became “one of the greatest researchers of all time in the field of heart transplants… (He) had better technical skills than I did… especially when it came to stitching, and had very good hands.”Speaking to The Guardian newspaper in 2003, Naki himself felt no resentment for the downplaying of his role in the historic moment, joking that “I was… one of the backroom boys. They put the white people out front. If people published pictures of me, they would have gone to jail.”University of Cape TownFollowing the 1967 operation, Naki joined the University of Cape Town’s liver transplant research team. Over the next 25 years, he became a well-respected top-level laboratory assistant and teacher.Ralph Kirsch, lead researcher of the team, called Naki “one of those remarkable men who really come around once in a long time. As a man without any education, he mastered surgical techniques at the highest level and passed them on to young doctors.”According to Dr Rosemary Hickman, a former lecturer and surgeon who worked closely with Naki at the university, he was instrumental in training second-year medical students in anatomy using research surgery on anaesthetised pigs. Naki also taught licensed doctors how to use the then revolutionary laparoscope, now commonly used for minimally invasive surgery.He retired in 1991, finally obtaining his honorary Masters degree in medical science from the university in 2003.Naki was awarded the Order of Mapungubwe, one of South Africa’s highest honours, for his outstanding contribution to medical science. He died in 2005, aged 78.Naki’s legacy continues to inspire. The National Research Foundation’s Hamilton Naki Award has, since 2015, honoured outstanding individuals who have achieved world-class research performance despite considerable challenges.The city of Cape Town’s proposal to give Naki a prominent space in the Mother City will no doubt inspire residents and all South Africans to successfully achieve their dreams against all odds.For more information and an opportunity to offer input on Cape Town’s proposal for the public space dedication to Naki, please visit the official website.Source: Wikipedia, South African History Online, New York TimesWould you like to use this article in your publication or on your website? Visit the Brand South Africa resources page for more information.last_img read more

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December 9, 2019

What Discovery Means Now

first_imgI am working on my third book right now, and I am spending time jotting down my notes about The Commitment to Explore Change and what “discovery” now means as it pertains to sales.First, in The Lost Art of Closing: Winning the 10 Commitments That Drive Sales, I don’t think I did a good enough job explaining the shift from our discovering something about the client through asking questions to help the client discover something about themselves and their business. This is such a dramatic shift that I believe it deserves much more attention than I gave it. I am going to remedy this, and I am going to be very prescriptive like I was in The Lost Art of Closing.Second, I haven’t ever shared my evolving view about discovery and the process of change. My views have undergone a radical change, and I am clearer on how much our success in helping others produce results is subject to all kinds of factors.We spend so much time getting relatively few people’s opinions without spending enough time with people who are going to be affected by the change that we are recommending. Because we have focused on acquiring the view of a few people, we have a very limited view.We spend too little time actually exploring and building an understanding of what our client is doing and why they are struggling. We are too focused on selling our solution, hen more often than not, there are real changes the client must make to produce the results they need. We are negligent in not trying to understand the root cause of their issues, and that is often what is really necessary for producing the result they need.Look at a deal you are working on now and tell me how much work you have done to understand their competitive strategy and measured it against what is going on in the world right now. I am not suggesting you do a full SWOT analysis on every client, but real discovery means getting a fuller picture of where they are now and whether or not they are keeping pace or lagging behind the constant, accelerating, disruptive change that is the new normal.What about the company’s culture? What impact is this going to have on the ability to produce the results the client needs? Right now, I am watching a company with a fear-driven culture where failure and mistakes are punished, and where there is no candor. It is imploding before my eyes, and the culture is so pervasive that it is preventing the company from saving itself.Yesterday on The Lost Art of Closing Facebook Mastermind Coaching meeting, I shared some of the lenses I use to view individuals and companies. There was a very high level of interest in this discussion, mostly because I don’t often share these lenses, and when I do, it’s usually in a workshop, and I don’t go very deep. This has convinced me to do the work to share this more widely, and it is going to make its way into my third book, which is tentatively titled: The Competitive Displacement Playbook (even though I won’t get to name the book).Think deeply about what you are discovering and helping others discover. See if you can broaden your perspective and identify the real obstacle to change. Essential Reading! Get my 3rd book: Eat Their Lunch “The first ever playbook for B2B salespeople on how to win clients and customers who are already being serviced by your competition.” Buy Nowlast_img read more

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The Modern Salesperson Isn’t Digital

first_img Get the Free eBook! Learn how to sell without a sales manager. Download my free eBook! You need to make sales. You need help now. We’ve got you covered. This eBook will help you Seize Your Sales Destiny, with or without a manager. Download Now The modern salesperson is not what you have been told. They aren’t digital. The modern salesperson isn’t a “social seller” either. Digital is a tool kit and, therefore, it is no indication of what makes one a modern salesperson. The modern salesperson is something much more than someone who knows how to use a set of tools—even the tools that are necessary to the trade.The mistake here is in believing that the tools are what make the salesperson modern. That’s the mindset of a dabbler, someone who falls in love with some sport or hobby and buys all the professional gear believing that is what is necessary to produce the result. Your new LeBron Nikes are not going to make you a better basketball player.The modern salesperson is a value creator. They have the business acumen, the subject matter expertise, and the situational knowledge to sit across from their dream client as a peer and as a consultative salesperson. They possess information, insights, and ideas that are valuable to their prospective clients—even if that person never buys from them. They create value that is worth paying for, and in doing so, they differentiate themselves from their competitors. This is what makes one modern.The modern salesperson does not enter into the sales conversation by sharing information about their company, their products, the feature and benefits thereof, or why you should buy from them. They don’t believe that their product or company is supposed to sell itself. Nor does the modern salesperson start with discovery questions that the prospective client has been asked repeatedly for two or more decades. Instead, they start the conversation with ideas about what is going on currently, what it means, and why and how one might change. They have deep chops and can hold their own in a conversation about what their client should do to produce better results.Salespeople who have evolved faster than their clients (which is a more accurate assessment than the idea that the opposite is true) understand that they are engaged in the process of helping their clients change, and they know how to help them with a process that allows them to make a good decision. This includes knowing how to get the stakeholders to find consensus among their teams and how to help them execute a new solution, one that will move them to a better future state.These outcomes, and many more along this line, are what is necessary to making one a modern salesperson. A nice LinkedIn profile is not going to cover any of this ground, even if you put the words “trusted advisor” in your profile (something I will beg you not to do). The digital tools don’t make one a modern salesperson any more than a Rolodex, a business journal, and a phone book would have made one a modern salesperson in 1984. The ability to create value for the client in an age of continuous, accelerating, disruptive change is what makes one a modern salesperson. As has always been true, the tools are ancillary.last_img read more

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December 3, 2019

69 killed in rain-related incidents in UP in four days


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November 16, 2019

Virat Kohli completes historic hat-trick: Full list of ICC award winners

first_imgIndian captain Virat Kohli capped a memorable 2018 season by becoming the first to win the International Cricket Council’s (ICC) cricketer, Test and ODI player of the year awards, the ICC said on Tuesday.Kohli, the top scorer in both Tests and one-dayers in 2018, was also named captain of the ICC Test and ODI teams of the year.The 30-year-old top-order batsman scored 1,322 runs in 13 Tests at an average of 55.08, and scored 1,202 runs in 14 ODIs at an average of 133.55, notching up 11 centuries across the formats.”It feels amazing. It’s a reward for all the hard work that you do throughout the calendar year,” Kohli said in a statement.”To be rewarded in this manner… is a very proud moment for me and something that gives you more motivation to keep repeating the same things because you have to keep the standard of cricket up and keep bringing in consistent performances.”ICC Men’s Cricketer of the YearICC Men’s Test Cricketer of the YearICC Men’s ODI Cricketer of the YearCaptain of ICC Test Team of the YearCaptain of ICC Men’s ODI Team of the YearLet’s hear from the man himself, @imvKohli! #ICCAwards pic.twitter.com/3M2pxyC44nICC (@ICC) January 22, 2019Kohli, who won cricketer and ODI player of the year in 2017, was the unanimous choice for the former award in 2018, with South Africa fast bowler Kagiso Rabada finishing runner-up, the ICC said.With 48% of the vote, India’s triumph in New Zealand to claim their fourth #U19CWC title was voted by you as the ICC Fans’ Moment of the Year 2018!https://t.co/DjxiXotQSq#ICCAwards pic.twitter.com/ocdH9KrdhTadvertisementICC (@ICC) January 22, 2019Rabada also finished second in the Test player category, while Afghanistan leg-spinner Rashid Khan was runner-up to Kohli for the ODI award.Full list of award winners:ICC Test Team of the Year 2017-18: Tom Latham (NZ), Dimuth Karunaratne (SL), Kane Williamson (NZ), Virat Kohli (captain) (IND), Henry Nicholls (NZ), Rishabh Pant (IND), Jason Holder (WI), Kagiso Rabada (SA), Nathan Lyon (Aus), Jasprit Bumrah (IND), Mohammad Abbas (PAK).Congratulations to the ICC Test Team of the Year [email protected]@IamDimuthKane [email protected] (c)@[email protected]@[email protected]@[email protected]@Mohmmadabbas111https://t.co/ju3tzAxwc8 pic.twitter.com/0H28spZUmmICC (@ICC) January 22, 2019ICC ODI Team of the Year 2017-18: Rohit Sharma (IND), Jonny Bairstow (ENG), Virat Kohli (captain) (IND), Joe Root (ENG), Ross Taylor (NZ), Jos Buttler (wicketkeeper) (ENG), Ben Stokes (ENG), Mustafizur Rahman (BAN), Rashid Khan (AFG), Kuldeep Yadav (IND), Jasprit Bumrah (IND).Presenting the ICC Men’s ODI Team of the Year [email protected]@[email protected] (c)@[email protected]@josbuttler (wk)@[email protected]@[email protected]@Jaspritbumrah93https://t.co/EaCjC7szqs#ICCAwards pic.twitter.com/dg64VGuXiZICC (@ICC) January 22, 2019ICC Men’s Cricketer of the Year – Virat Kohli (India)Men’s Test Cricketer of the Year – Virat Kohli (India)Men’s ODI Cricketer of the Year – Virat Kohli (India)Men’s Emerging Cricketer of the Year – Rishabh Pant (India)Congratulations to @RishabPant777, the ICC Men’s Emerging Cricketer of the Year 2018!He became the first Indian wicket-keeper to score a Test century in England, and equalled the record for the most catches taken in a Test, with 11 in Adelaide in December.#ICCAwards pic.twitter.com/s5yQBuwWlvICC (@ICC) January 22, 2019Men’s Associate Cricketer of the Year – Calum Macleod (Scotland)His two ODI centuries of 2018 fired @CricketScotland to victory against Afghanistan at #CWCQ and a famous win against England at The Grange in [email protected] is the ICC Associate Cricketer of the Year 2018!https://t.co/DjxiXotQSq#ICCAwards pic.twitter.com/ePq1kBoNTTICC (@ICC) January 22, 2019Men’s T20I Performance of the Year – Aaron Finch (172 off 76 balls v Zimbabwe)(Australia)Umpire of the Year – Kumar Dharmasena (Sri Lanka)Spirit of Cricket – Kane Williamson (New Zealand)The ICC Spirit of Cricket Award 2018 goes to Kane Williamson, for continuing to be a shining role model of how our game should be played, his behaviour setting an outstanding example on and off the fieldhttps://t.co/DjxiXotQSq#SpiritofCricket #ICCAwards pic.twitter.com/sB5VpweYhIICC (@ICC) January 22, 2019Also Read | Amazing feeling: Virat Kohli thrilled after sweeping ICC awards to create historyAlso Read | Rishabh Pant named ICC Emerging Player of the Year after stellar 2018 seasonAlso Read | Virat Kohli first cricketer to win all 3 ICC Awards after sensational year in Tests and ODIslast_img read more

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October 23, 2019

NAT Widens FullYear Loss but Bullish on 2018

first_imgzoom Due to volatility in the tanker shipping industry, Bermuda-based Nordic American Tankers (NAT) wrapped up 2017 with a net loss of USD 75.5 million, compared to a loss of USD 4.5 million seen a year earlier.The company’s net loss narrowed to USD 21.9 million in the fourth quarter of 2017 from USD 39.2 million recorded in the corresponding quarter of 2016.NAT said that 4Q 2017 was “an important quarter” with the first major steps in the recapitalization program having been completed.During the quarter, NAT agreed with Ocean Yield ASA the full financing of its three newbuilds to be delivered in June, August and October 2018.In addition, the company raised USD 110 million in new equity in December 2017.NAT also agreed to establish a new credit facility as part of the plan to replace the original credit facility of 2004.Earlier, World Maritime News reported that Herbjørn Hansson, CEO of NAT, expects 2018 to be a better year for the company than 2017, bringing higher earnings and dividend.In its 4Q 2017 report, the company confirmed this view: “We expect the tanker market to turn for the better in 2018.”Currently, NAT’s fleet comprises 33 Suezmaxes, including the three newbuilds, with an aggregate cargo capacity of 33 million barrels of crude oil.last_img read more

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