zoom New York-listed Ship Finance International Limited said that it took delivery of the remaining two 9,300-9,500 TEU container vessels, adding to the vessel delivered to the company in November 2015.The boxships, which joined their owner in February and in May, have been chartered to Maersk Line for a minimum period of five years, with options for the charterer to extend the period up to seven years.Ship Finance estimates that the aggregate EBITDA contribution from the three vessels during the firm period of the charters would amount to more than USD 32 million per year on average.Additionally, the company said that it continued its fleet renewal and diversification strategy with the sale of an older offshore support vessel in the first quarter and an older VLCC subsequent to quarter end. Ship Finance said that it “will receive sales proceeds of approximately USD 24 million” for the sale of the 1998-built VLCC Front Vanguard, which is scheduled to be delivered to its new owner in June.“Our key focus remains on prudently managing our balance sheet and our existing asset portfolio whilst sourcing new accretive opportunities through our industry relationships and unique access to deal flow,” Ole B. Hjertaker, CEO of Ship Finance Management AS, said.The company’s net income for the first quarter ended March 31, 2016 was at USD 47 million, a decrease compared to the USD 54 million reported in the previous quarter, while the operating income for the period increased to USD 57 million from USD 48.5 million seen in the previous quarter.As of March 31, 2016, and adjusted for subsequent sales, the fixed rate charter backlog from the company’s fleet of 74 vessels and rigs was approximately USD 4.2 billion, with an average remaining charter term of 5.2 years.
TORONTO — PwC says the initial public offering market in Canada totalled $2.2 billion last year, less than half of what was seen in 2017.The firm says in all of 2018 there were 54 new equity issues on four exchanges that generated a total of $2.2 billion.That compared with the $5.1 billion raised from 37 IPOs in all of 2017.The largest IPO of 2018 was the $462-million Ceridian HCM Holding issue of the second quarter.It was followed by MAV Beauty Brands with $241 million and AltaGas at $239 million.Dean Braunsteiner, national IPO leader at PwC Canada, says while cannabis firms grabbed the headlines, a surge of activity on the Canadian Securities Exchange and a return of junior miners to the markets were also notable developments of 2018. The Canadian Press
Sardar Singh is not new to responsibilities. He has been the face of Indian hockey for years now, often singlehandedly holding the team together in tough situations. Sardar has seen a lot of changes during his career – from coaches being axed to top players retiring; from not qualifying for the 2008 Beijing Olympics to making it to London four years later.Even after years of hard work, the midfielder’s love for the sport remains undiminished. With the team set for its next challenge – the Incheon Asian Games – Sardar is hoping to not just guide his team to a gold medal but also make a significant contribution to the team’s cause. “Besides the additional responsibility as skipper, I have always tried to ensure that my contribution as a player is not undermined. I never miss training sessions. I try to improve my performance every day,” Sardar told MAIL TODAY before the team’s departure to South Korea.So focused is the captain on the task at hand that he has even stopped using social networking sites to avoid distraction. “I have not been using my Facebook account for quite some time. My Twitter account is being managed by my fiance Ashpal Bhogal. I have tried to stay away from distractions.” Optimistic as always, Sardar feels the month-long camp was useful and the team is determined not to settle for anything except the gold medal. “We have prepared well and are just waiting for the Asian Games to start,” Sardar said.advertisement”With the way we have been training, the team deserves a gold medal. Of course, there are good teams like Korea, Pakistan and Malaysia, but I have full confidence in my team.”The skipper says his team might have an advantage in Incheon since they have been playing according to the new four-quarter format in the Hockey India League for two years. “All of us have played in the Hockey India League. So, we have a fair idea about the format,” he said.