Environmental Legislation Key Priority for BIMCO

first_imgzoom Environmental legislation will be at the top of the agenda of Angus Frew, Secretary General & CEO of BIMCO, the world’s largest international shipping association, whose mandate has been extended until the end of 2022.“Right now is a very interesting time for shipping, and I am very happy to be offered the opportunity to extend my contract. I can continue to lead an organization that has the practical expertise and the scope to make a real difference on crucial industry issues, for example, the current environmental discussions and the establishing of a greenhouse gas strategy and objectives for the shipping industry,” says Frew.BIMCO said that it aims to make sure the industry retains a level playing field and that practical hurdles are removed for shipowners, so they can comply with new environmental legislation.“The most important thing on BIMCO’s agenda is the environment. We have the implementation of the 2020 Sulphur cap to contend with, and we want a clear strategy and reduction objectives on carbon emissions. Being proactive in these environmental discussions is the only way to make sure that we, as an industry, are regulated in a way that makes practical sense,” Frew says.According to Frew, the industry’s emissions peaked in 2008, and zero carbon emissions is the only viable long-term goal for shipowners.BIMCO is well known for drafting standard contracts for the maritime industry. Today, the organization also works on policy issues for its members, has a hotline for contractual advice, publishes technical guides and market analysis, in addition to providing training in a variety of maritime topics.Angus Frew was appointed Secretary General & CEO of BIMCO in September 2013.last_img read more

Sports economist warns Calgarys Olympic price tag could spiral

first_imgA Canadian sports economist believes Calgary’s already decided on the Olympics, and he’s warning the price tag of hosting could snowball.Moshe Lander, from Concordia University in Montreal, is uncomfortable with the city spending $30-million on a bid he feels is “pre-determined.”“This just looks like it’s for show for the public, to make everyone feel that everyone did their due diligence, but the reality is the games are not going to make money — and the reason for pursuing the games is for reasons other than economics,” he said.Lander said Calgary should already know roughly what facilities are ready to go and what needs to be upgraded, but there are always going to be unforseen costs.“I kind of liken this a little bit to the idea of you get a quote from a contractor for home renovations — and when you get the quote from the contractor, this is what it costs to do the project. But, when they actually start ripping apart the walls and taking this out, and they realize there was something else that they didn’t anticipate, or there was this damage wasn’t realized at the time — bit by bit this starts to add into the cost,” he said.He said the International Olympic Committee’s offer of just under a billion dollars to help with hosting the games could be the perfect excuse to add on project after project — maybe even a new arena.“If you don’t rebuild the Saddledome in time for the 2026 Olympics, by that point the Saddledome will be 40 years old. Is there any conceivable way that whoever the mayor is of Calgary at that time can say ‘now that the Olympics have come and gone, now let’s spend the money and replace the Saddledome?’,” Lander said.He said the $4.6-billion price tag that’s being thrown around will only grow.last_img read more

Cheng to pay 400000 under OSC settlement in Amaya insider tipping case

first_imgTORONTO – A former money manager involved in insider tipping of information about Amaya Gaming Group Inc. has agreed to pay a $350,000 penalty and $50,000 in investigation costs as part of a settlement with the Ontario Securities Commission.Under the conditions of the settlement approved today, former co-chief investment officer and portfolio manager of Aston Hill Asset Management Benedict Cheng is prohibited from trading any securities or derivatives for six years.Among other things, Cheng is also prohibited from becoming or acting as a director, or officer of any issuer, registrant or investment fund manager for six years as well.In 2014, Cheng learned about Amaya’s impending acquisition of the parent company of online gambling site PokerStars because funds he managed agreed to participate in the financing for the transaction.Before the acquisition was publicly announced in June 2014, Cheng informed his Aston Hill subordinate, senior vice president John David Rothstein, and said he could pass on the information to others.Also as part of the settlement, Cheng has agreed to co-operate with OSC staff in its ongoing investigation into illegal insider activities in securities of Amaya, including testifying as a witness.“Mr. Cheng’s involvement in insider tipping was a serious breach of Ontario securities law,” said OSC commissioner Mark Sandler in his oral reasons for the settlement approval. “The improper use of insider information leads to unfair advantages for those who use it and can undermine confidence in the integrity and fairness of public markets.”last_img read more

Man sought in Fort St John after holdup at Winks Convenience Store

first_imgThe suspect was last seen wearing a black jacket with orange chest zippers, a black hooded sweater, yellow work gloves, blue jeans, tan coloured hiking boots/shoes, and a black balaclava.Anyone with information about to the incident is asked to contact the Fort St. John RCMP Detachment at 250-787-8100 or Crime Stoppers at 1 (800) 222-8477. FORT ST. JOHN, B.C. — Mounties in Fort St. John are searching for a man that allegedly robbed the Wink’s Convenience Store on 100th Avenue last night.According to S/Sgt. Steve Perret with the Fort St. John RCMP, the robbery occurred at around 10:40 p.m. Wednesday at the store, located in the 10,600 block of 100th Avenue. The male suspect made off with an undisclosed amount of cash and cigarettes. A photo from surveillance video taken during Wednesday night's robbery at Wink's Convenience Store. Photo supplied by RCMP A photo from surveillance video taken during Wednesday night’s robbery at Wink’s Convenience Store. Photo supplied by RCMP A photo from surveillance video taken during Wednesday night's robbery at Wink's Convenience Store. Photo supplied by RCMP A photo from surveillance video taken during Wednesday night’s robbery at Wink’s Convenience Store. Photo supplied by RCMP last_img read more

Is federal carbon tax killing jobs Experts say answer isnt black and

first_imgREGINA — The Saskatchewan government says the federal carbon tax is killing jobs, but experts and even the province’s trade minister say it’s not that easy to calculate.The government reports that jobs are down in the oil and gas sector by about 1,400 and by another 1,500 in mining compared with July 2018.The province brought in its own tax on excess emissions from heavy industry in January, but consumers became subject to the federal carbon tax in April, because Saskatchewan did not have its own pricing deemed acceptable by Ottawa. The province is taking its challenge of the federal tax to the Supreme Court. At the same time as Saskatchewan voices its concerns, the province reports an increase of more than 12,000 mostly private-sector jobs in the last year.Harrison says job growth and the carbon tax’s effect on employment are not “mutually exclusive.”“The fact that we’ve been creating private-sector jobs outside of the energy sector, outside of the mining sector, speaks to a wonderful entrepreneurial spirit in the province.”Trent Wotherspoon, finance critic for the NDP Opposition, says the government is playing “fast and loose” with an important file and didn’t even factor in potential costs of the carbon tax in its last budget. “You’re not going to be able to directly link exactly to the carbon tax,” Trade Minister Jeremy Harrison told The Canadian Press in a recent interview.“It is killing jobs because it’s making us less competitive.”One of Premier Scott Moe’s arguments against the tax is that it costs jobs.Harrison concedes job losses in the energy sector are not the result of any sole factor, but a confluence of different issues.He points to a lack of new pipelines as well as to federal legislation that overhauls how large energy projects are approved and restricts tankers off the British Columbia coast. He says those things put Canada at a competitive disadvantage compared to other jurisdictions.The carbon tax is another layer, says Harrison, although he adds it’s hard to measure its immediate impact over a short period of time.center_img Alberta comes at the numbers from a different position.The NDP there brought in a provincial carbon tax when it was in power, but Premier Jason Kenney’s United Conservatives got rid of it not long after they won the April election.An email from the Environment Department says economic modelling estimates the repeal will create 6,000 new, full-time private-sector jobs and increase GDP by $1.3 billion.Alberta is also challenging the federal tax, which Ottawa says it will apply to the province in the new year.Some experts say not enough time has passed and not enough research has been done to know what impact federal carbon pricing is having on jobs.Trevor Tombe, an economics professor at the University of Calgary, points to two studies published in recent years that examine British Columbia’s carbon tax.One study concludes the province’s revenue-neutral tax doesn’t hurt employment. It says while jobs in “carbon-intensive and trade-sensitive industries” were affected, employment rose in clean industries.The other study reports between one to two per cent increases in unemployment rates among men with low to medium education levels.“It’s not at all clear that B.C. has had employment losses. Maybe it has if you look in certain specific areas, but it’s not an economy-wide issue,” says Tombe.“Looking at the question in a black-and-white way is probably not the right way for these particular leaders to go about doing it.”He adds that the carbon tax is likely to result in a lower rate of economic growth until it reaches its maximum of $50 a tonne in 2022. He says any action to reduce emissions comes with an economic cost in terms of GDP growth.Brett Dolter, an economics professor at the University of Regina, says statements that the carbon tax is “job-killing” need to be tested.“Any analysis of the impact … would need to consider that 90 per cent of the revenue raised through the carbon tax is returned to households through rebates on their income tax returns,” he wrote in an email.“People will still have money to spend, but they may spend it on goods and service that pollute less, and jobs will shift accordingly.”Stephanie Taylor, The Canadian Presslast_img read more

India may not have elections if Modi reelected may go China way

first_imgNew Delhi: India may not see another election if Narendra Modi is re-elected as prime minister, Rajasthan Chief Minister and senior Congress leader Ashok Gehlot has claimed, suggesting that the country may go the way of China and Russia. Gehlot also said both democracy and the country were in danger under Modi, who he said would do anything to get back to power. People felt he could even go to war with Pakistan to achieve this goal, the Congress leader said. Also Read – Uddhav bats for ‘Sena CM’Dubbing Modi a good actor , Gehlot said he could do much better in Bollywood and would have left his indelible mark in acting. He also alleged that he was a “master in marketing false promises”. “If people re-elect Modi, then there is no surety on whether elections will be held in the country or not. ‘Chunav honge bhi, aur nahin bhi honge…jaise China, Russia mein hota hai’ (Elections will be held in the country and yet not be held, like what happens in China, Russia),” Gehlot said during an interaction with PTI. Also Read – Farooq demands unconditional release of all detainees in J&KHe was suggesting that polls will be held on the lines of those in China and Russia, where only one party rules and who becomes the president or the prime minister is decided beforehand. His remarks come in the wake of a fierce battle emerging between the opposition Congress and the ruling BJP ahead of Lok Sabha elections starting April 11. The Congress and the BJP are locked in a war of words while trying to win this crucial election. “This man can do anything to win elections…People felt he could even go to war with Pakistan, which is not a good thing….The personality of Modi ji that has emerged before the country is that he can go to any extent before and after elections…to win elections, Gehlot said while attacking Modi and added that none including Amit Shah know what is in his mind”.last_img read more

Olympictrial tested Nikko Triggas back for Ohio State wrestling

Four members of Ohio State’s wrestling team were named All-Americans last season. The return of one Olympic-trial tested grappler brings the number to five. After a two-year hiatus from collegiate wrestling, senior 125-pounder and 2010 All-American Nikko Triggas is back for the 2012-2013 season. From the 2007-2008 season to the 2009-2010 season, Triggas competed for OSU in collegiate, or folkstyle, wrestling. While he was away from Columbus, Triggas trained to compete for a spot on the U.S. Olympic team in the Greco-Roman style. “(In) Greco-Roman you don’t touch the legs. So, in college wrestling it’s all about touching the legs, getting to the legs,” said OSU coach Tom Ryan. “I think it’ll take some time for him to get his reactions back where they need to be.” In his Greco-Roman career, Triggas has won five gold medals between the 2007 and 2008 Pan American Championships, 2009 University National Championships and the 2010 University and Junior Team Trials. In 2010, he began the application process for an Olympic redshirt. To be awarded the redshirt, Triggas had to place in the 2008 and 2010 World Team Trials. Triggas said he talked to both U.S. coaches and his coaches at OSU and sent in an application. “We thought it was going to be the best thing for me, get bigger, get stronger, get older, get some maturity in me, and get the technique down,” Triggas said. “Come back to the team as a role model, as older and stronger, be able to compete for the Buckeyes.” Once his application to the Olympic training center was accepted, Triggas said he worked with OSU to send paperwork to the NCAA confirming he was not breaking any rules that would endanger his eligibility with the Buckeyes. After training for two years, Triggas competed at the 2012 U.S. Olympic Wrestling Team Trials in Iowa City, Iowa, April 20-21 and finished in fourth place. Knowing he would not be competing in the 2012 Olympics, preparation had to begin in order to wrestle in folkstyle for OSU again. “Going from folkstyle to Greco is very different,” Triggas said. “Coming back into the collegiate world, I came to campus about two months early.” Triggas first came to OSU for the 2007-08 season from Moraga, Calif., and over the next three years he amassed a 72-54 record. As a freshman, he qualified for NCAA championships and placed sixth at the Big Ten Championships. With a 19-17 record, he amassed 8 pins and 74 team points for OSU that season. During the 2008-2009 season, Triggas improved his record to 22-17 with 14 pins and 109 team points, but he did not place in the Big Ten tournament. He qualified for the NCAA Championships, but did not place there either. In his junior year, Triggas recorded career highs in wins and pins with 31 and 15, respectively. He also had his best placement at the Big Ten championships, finishing fifth, and at the NCAA championships, placing eighth. With that finish, he made it onto the podium and was named a 2010 All-American. “It’s awesome to have him back,” said redshirt senior 184-pounder C.J. Magrum. “He’s going to score a lot of points for us this year and hopefully he will get on the podium again.” Triggas said his goal is not only to get back on the podium, but to reach the top step this year. “Going into the wrestling season, the goal is always to be national champion,” Triggas said. “I know I have a long road ahead of me, but that’s the goal and that’s the main focus.” read more

Liverpool Wijnaldum bares it all about failed move to Spurs

first_imgLiverpool midfielder Georginio Wijnaldum has revealed he almost joined Tottenham Hotspur back in 2016.Jurgen Klopp signed the Holland international for Liverpool from Newcastle United, but he reveals he held talks with Spurs boss Mauricio Pochettino.“I had a really good conversation with Pochettino but we didn’t come to an agreement. Not just me, Newcastle also didn’t come to an agreement with Tottenham,” Wijnaldum said, according to Liverpool Echo.“When I spoke with Jurgen, he made me feel really good. He gave me a lot of confidence because he said he liked my way of playing football.”“Three days after our meeting, they had reached a deal and that gave me a good feeling as well. I didn’t think twice. This is one of the biggest clubs in the world. I wanted to make the transfer and I’m happy that I did.“The fans welcomed me from the start here. I think they appreciate that I give 100% every game and do my best always for Liverpool. If they can see that you are willing to do ever”Jadon Sancho, Borussia DortmundCrouch: Liverpool could beat Man United to Jadon Sancho Andrew Smyth – September 14, 2019 Peter Crouch wouldn’t be surprised to see Jadon Sancho end up at Liverpool one day instead of his long-term pursuers Manchester United.Speaking about Klopp improving him as a player, Wijnaldum said:“He is always busy making the team better and also trying to make you better as an individual. He has great attention to detail.“He shows you situations in a game where he feels you could have done better. During training he makes it very clear what he wants to see. He asks a lot from players. He asks for a lot of concentration, he asks for a lot of hard work.”“It’s not always easy, you know how players how. Sometimes you aren’t 100% concentrated and you might think ‘I can do things a bit easier today’. But with him you always have to be 100% concentrated and give everything you have.”last_img read more

Mateo Kovacic can imagine staying at Chelsea

first_imgMateo Kovacic is enjoying life at Chelsea and can see himself sticking around, but accepts it’s Real Madrid who have the final sayThe 24-year-old midfielder is currently on a season-long loan deal at Chelsea after struggling for regular opportunities at the Santiago Bernabeu.Kovacic has since established himself as a key member of the Chelsea team with 22 appearances made in all competitions this term.And the Croatia international is very pleased with how things have turned out for him at Stamford Bridge.“I think it [a loan switch] was the most important thing I did for now in my career,” Kovacic told Sky Sports.“It was a step I wanted a lot, I wanted to come here. I say thank you to my previous club, to Chelsea as well, who wanted me a lot. I am enjoying it and I like it a lot here.“For now, I am happy here. The city is amazing, the club is one of the best in the world, and my team-mates are great.”As for a permanent switch to Chelsea, Kovacic revealed he’s open to the idea but conceded it’s Real who will make the last call on his future.Jose Mourinho, Lionel MessiMourinho: “Lionel Messi made me a better coach” Andrew Smyth – September 14, 2019 Jose Mourinho believes the experience of going up against Barcelona superstar Lionel Messi at Real Madrid made him a greater coach.“I need to respect my previous club, Real Madrid. I can imagine myself staying here, but I have a contract I need to respect, and that is what I will do,” added Kovacic.“For now, my business is to give my best every day.”Meanwhile, Real have been strongly linked with one of Kovacic’s new teammates in Eden Hazard – who has asked him about life at Los Blancos.“For me, he is an incredible player,” said Kovacic on Hazard.“I did not know he was that good and he can easily be one of the two or three best players in the world.“He asked me how it was there [at Real] but we are looking forward to having a great season together, to be fully concentrated on Chelsea.“He is focused a lot on doing great things with Chelsea.”Chelsea will face Watford today in the Premier League with kick-off set for 20:30 (CET).last_img read more