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Courage Investment Group to Buy Supramax Bulker

first_imgzoomIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license Courage Investment Group Limited has decided to buy Grand Pioneer, a 57,000 dwt dry bulk carrier. As informed, the Supramax vessel will be bought by Peak Prospect Global Limited, a subsidiary of Courage Investment Group Limited, from Bergen Yangzhou Supramax Carriers.Built in China in 2011, Grand Pioneer flies the flag of the Marshall Islands.Courage Investment intends to increase the carrying capacity of its dry bulk fleet through the acquisition of the vessel. The move is in line with the group’s corporate development strategy to expand the scale of its marine transportation services business.On November 16, 2018, Bergen Yangzhou and Polyworld Marine Corp. entered into a memorandum of agreement (MOA) pursuant to which Bergen Yangzhou agreed to sell and Polyworld Marine to purchase the vessel, with the intention of transferring Grand Pioneer to Courage Investment through the sale of Polyworld Marine to the group.Peak Prospect Global Limited, a subsidiary of Courage Investment, also inked an agreement with Suen Cho Hung, Paul, a shareholder of Courage Investment, to buy the sale shares constituting the entire issued share capital of Polyworld Marine and the sale loan for a maximum aggregate consideration of USD 11 million from Suen Cho Hung, Paul.The completion of the acquisition is subject to relevant terms and conditions set out in the agreement.last_img read more


Police Related Shooting – Royal Cayman Islands Police Service Investigation Team

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp#TurksandCaicos, January 5, 2017 – Providenciales – The two Police Officers from the Royal Cayman Islands Police Service arrived on Providenciales on Wednesday 3rd January 2018 and have now commenced their independent investigation into the incident which culminated in the fatal shooting of Mr Lavern Smith on Monday 1st January 2018 in Aviation Drive Providenciales.    The Royal Cayman Islands Team consists of one Detective Inspector and one Police Sergeant.Detective Inspector Joseph Wright who is the lead Investigator wants to assure the community that his enquiry will be conducted in a frank and diligent manner.   To facilitate this, the detective Inspector is making an open appeal to members of the public who were at or in the area of Aviation Drive between midnight and 7am on 1st January 2018 to come forward and speak to the investigation team.Detective Inspector Wright said ‘ I am aware that the incident on the morning of 1st January 2018 was witnessed by several members of the local community who were in attendance at a public event at Aviation Drive at a public event.   To ensure transparency and fairness to every one concerned am appealing to all members of the public who were present at the event at Aviation Drive to come forward and speak to us.   Members of the investigation team can be contacted on 232 0966 or 232 8419’Press Release:RT&CPF Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:last_img read more


Housing Commission and Mayor Faulconer announce 50 million in funding for affordable

first_img September 4, 2018 Categories: Local San Diego News FacebookTwitter Updated: 5:46 PM KUSI Newsroom, Sasha Foo, KUSI Newsroom, Sasha Foo center_img 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – The San Diego Housing Commission announced Tuesday it will award up to $50 million to housing developers to fund the construction and rehabilitation of affordable housing in the city.The SDHC announced the available funding at a news conference with Mayor Kevin Faulconer and City Councilwoman Georgette Gomez at San Diego City College’s campus at 14th and C streets.Under two of the three Notices of Funding Availability, up to $20 million will be granted to create affordable housing for low-income residents and housing with services for the city’s homeless population. The third grants $10 million in funding to projects that rehabilitate affordable rental housing.“Housing affordability and homelessness are inextricably connected,” Faulconer said. “We’re working aggressively to cut red tape and create more incentives to spur development of new housing that working families can actually afford. The release of $50 million for more affordable housing continues that momentum and sends a clear message: It’s time for builders to build.”The SDHC plans to choose developers via a competitive bidding process. As part of the notices, housing created or rehabilitated must remain below 80 percent, and in come cases 60 percent, of the area median income for at least 55 years. The 2018 AMI in San Diego is $81,800 according to the county.“Addressing our city’s housing affordability crisis is one of the top priorities for me,” said Gomez, vice chair of the Select Committee on Homelessness. “San Diegans need access to housing they can afford, and this funding is an important part of providing those opportunities.” Posted: September 4, 2018 Housing Commission and Mayor Faulconer announce $50 million in funding for affordable housinglast_img read more


Nine on nine

first_imgLast hurried glance at the mirror, patting errant hair into place. Slipping one’s shoes on at the front door. Struggling with the key in the lock.Well nine artistes have joined hands to showcase their works on the same theme. Each artist has a story behing his art work. participating artistes for this exhibition are Gireesh G V, OP Parameswaran, Preeti Gupta, Priyanka Dua, Darius Chinoy, Gaurav Chawla, Rekha Bajpe Aggarwal, Ruchi Chadha, Shashi Kr. Paul. Artist Darius Chinoy entered the world of photography in 1996 and over the last sixteen years he has travelled the length and breadth of India. The result was a view to life he would never have experienced had he not taken up the lens.  Artist Gaurav Chawla never had any formal training in art. Art has always been his passion. He has experimented across various mediums. Even with an attack of optical neuritis in December, 2009, a right eye that can barely see, loss of colour, he remains inspired and active and determined to paint. His works remains one of brightest in terms of colour mixture across most art shows.When: 1 February Where: Dhoomimal Art Gallerylast_img read more