Tag: 上海夜网EF

Impairments drag Subsea 7 into the red

first_imgSubsea engineering and construction company Subsea 7 booked a loss in the last quarter of 2019 largely due to a $100 million impairment charge as its revenues dropped compared to the prior-year period.Seven Pacific; Author: Alan JamiesonThe company on Wednesday posted the fourth quarter 2019 revenue of $889 million compared to revenues of $1.023 billion in the same period of 2018.According to the company, fourth-quarter revenue was 13% lower than the prior-year period reflecting lower activity levels in Africa and Renewables and Heavy Lifting.Subsea 7’s net loss in the fourth quarter of 2019 totaled $129 million, compared to a profit of $32 million in 4Q 2018.A goodwill impairment charge of $100 million was recognized in the Renewables and Heavy Lifting business, reflecting near-term weakness in the wind turbine foundations market.Net loss, excluding the goodwill impairment charge, was $29 million. Excluding the goodwill impairment charge, adjusted diluted earnings per share was a loss of $0.12 compared to earnings per share of $0.12 in the same period last year. The reduction from the prior year was driven by impairment charges totaling $70 million mainly relating to two older vessels that are candidates for disposal.The company’s order intake totaled $3.9 billion in the year. Order backlog increased to $5.2 billion at the year-end, with $3.3 billion expected to be executed in 2020.Subsea 7 said that the continued improvement in the deepwater oil and gas markets this year had supported increased tendering activity and a gradual improvement in pricing compared to 2018.While demand for offshore wind turbine services is growing in support of the transition to low carbon energy production, continued competition in the foundations market continues to negatively impact pricing, but this is expected to improve in the longer-term as the market rebalances, the company said.Guidance for full-year 2020 is unchanged with both revenue and Adjusted EBITDA expected to be higher than in 2019, driven by an increase in activity in key markets.Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product, or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

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East Central Swim Team Swimming Lessons & Age Group State And Senior State Meet Results

first_imgThe East Central Swim Team will be offering swimming lessons this summer to kids ages 4 and up. We maytake POTTY-TRAINED 3-year-olds depending on the child’s ability and available space. You do not have tolive in the area to take part in our swimming lessons. Each session will consist of eight, forty minuteclasses all taught by Lifeguard Certified Instructors. All lessons will be $65 per child with a special $60 rate forthose who sign up for session 1. We will cap all lessons to 30 students so get registered quickly.2019 Summer Swimming LessonsAge Group State was March 8-10 and Senior State was March 15-17.  East Central Swim Team had a very strong showing at both meets.  ECST was represented by 14 athletes competing in these meets.  The age group meet saw everyone leave with best times include the 200 Medley Relay (Nick Weber, Frank Strotman, Luke Jackson, and Kaden Cummins) finishing in the top 20.  Henry Strotman was 19th in 50 breast.  Riley Reany ended up 13th in the 200 free.  Nick Weber was the star of the show finishing with 3 podium finishes (3rd in 100 back, 5th in 100 free), including winning the state championship in the 50 freestyle setting a new state record.  We’re proud of all the ECST Age Group swimmers.Senior State featured our older athletes competing against HS and College athletes.  Jackson Ketcham qualified for Futures in his 200 Fly with an 11th place finish.  Kyra Hall swam well, dropping time in the 200 backstroke.  Nick Weber qualified for finals in the 100 backstroke.  Olivia Nixon swam both the 50 free and 100 free.  The medley relay of Kyra Hall, Jordan Marro, Mackenzie Schantz, Olivia Nixon swam well finishing ahead of their seeded place.Qualifying for the Futures Meet in Greensboro, NC are Jackson Ketcham, Nick Weber, and Kyra Hall.Way to go ECST.Courtesy of AquaTrojans Coach Brandon Loveless.last_img read more

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Shillong Endurance Motor Sports Challenge from Tomorrow

first_imgA CorrespondentSHILLONG: The Shillong Endurance Motorsports Club in collaboration with the Meghalaya Aids Control Society (MACS) will host the Shillong Endurance Motor Sports Challenge 2018 from November 22 to 24 at Iew Shillong, Umtyngngar, Upper Shillong.Alex of the MACS said that the society is collaborating with Shillong Endurance Motorsports Club to create awareness of misconceptions on HIV/AIDS.He also said that motorsports have a large following of youth and with MACS associating with the sport it will create awareness on HIV/AIDS and indulge the groups (youth) in “healthy behavior”.Barry Kharmalki an activist working with people living with HIV/AIDS said that the best part of the event is to create awareness and on the disease by challenging the stigma and discrimination.The Shillong Endurance Motor Sports Challenge 2018 will have racing in the 4X4 category, Motorcross, cycles and non-gear scooters. Also Read: Sports Newslast_img read more

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Nadal sends injured Ferrer into Grand Slam retirement

first_imgTop seed Nadal had taken the opener 6-3.“This is my last Grand Slam,” said Ferrer who was runner-up to Nadal in the 2013 French Open final.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSJapeth Aguilar wins 1st PBA Finals MVP award for GinebraSPORTSTim Cone still willing to coach Gilas but admits decision won’t be ‘simple yes or no’“I have great memories of this tournament and I am just sorry that I couldn’t finish it tonight.”Ferrer, 36, will play his last tournament on home ground in Madrid next year. Peza offers relief to ecozone firms “I am very sorry for David and sad for him,” said Nadal.“We are close friends and have shared great moments — the Roland Garros final and Davis Cup wins.“He is one of the greatest players to have come from our country. He’s a great person and great player.”Nadal, chasing his 18th Grand Slam title, will face Canada’s Vasek Pospisil for a place in the last 32.ADVERTISEMENT Sports Related Videospowered by AdSparcRead Next Palace OKs total deployment ban on Kuwait OFWs New stadium, new clocks make for a new-look US Open ‘High crimes and misdemeanors’: Trump impeachment trial begins MOST READ Gov’t in no rush to rescue animals in Taal Will you be the first P16 Billion Powerball jackpot winner from the Philippines? Don’t miss out on the latest news and information. LATEST STORIES Judy Ann’s 1st project for 2020 is giving her a ‘stomachache’ Rafael Nadal, of Spain, is viewed past David Ferrer, also of Spain, during the first round of the U.S. Open tennis tournament, Monday, Aug. 27, 2018, in New York. (AP Photo/Julio Cortez)World number one and defending US Open champion Rafael Nadal sent his close friend David Ferrer into Grand Slam retirement on Monday when his veteran compatriot was forced to quit their first round match with an injury.Ferrer, a former world number three but now standing at a lowly 148, called it quits on a hot and humid night on Arthur Ashe Stadium when he led 4-3 with a break in the second set.ADVERTISEMENT Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award DepEd’s Taal challenge: 30K students displaced Gretchen Barretto’s daughter Dominique graduates magna cum laude from California college Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew View commentslast_img read more

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CCJ dismisses Guyana land appeal case

first_img– cites fraudulent saleThe Caribbean Court of Justice (CCJ) on Friday dismissed a Guyana land appeal in the matter of Chee Yiu Kwang and another vs Tsui Yokkei on the basis of a fraudulent sale and transfer of a Bartica, Region Seven (Cuyuni-Mazaruni) property.In dismissing the appeal, the CCJ agreed with, and upheld the decision of the High Court and Court of Appeal of Guyana in the matter.The dispute arose out of successive sales of a property at Bartica, which had been originally owned by Chee Yui Kwang (Kwang) and occupied by Tsui Yokkei (Cheekee).Kwang orally agreed to sell the property to Cheekee, who began making payments in this regard. Kwang subsequently sold and transferred ownership of the Bartica property to Millicent Murray. Cheekee commenced an action in the High Court of Guyana on the basis that the transaction between Kwang and Millicent was fraudulent.Acting Chief Justice Ian Chang ruled in favour of Cheekee, holding that the actions of Kwang and Murray amounted to fraud under section 22(1) of the Deeds Registry Act (the Act)1. Kwang was ordered to transfer ownership of the property to Cheekee upon receipt of the full balance due on the property.Both Kwang and Millicent appealed the decision at the Court of Appeal, which affirmed the ruling of Justice Chang.In bringing the matter to the CCJ, Kwang sought to appeal the decision of the Court of Appeal of Guyana.The CCJ held that the circumstances of the subsequent sale of the Bartica property to Murray clearly fell within section 22(1).The fact that Kwang sold the property to Murray and transferred ownership to her when she was fully aware of Kwang’s agreement of sale with Cheekee made Murray a participant in the breach of the agreement and privy to the fraud committed by Kwang.The CCJ therefore dismissed the appeal and ordered that the transport (transfer of ownership) of the disputed property be passed to Cheekee. The court was presided over by Justice Nelson along with Justices Saunders,Hayton and Rajnauth-Lee. Rajendra N Poonai, Devindra Kissoon and Naresh Poonai appeared on behalf of the Appellants and Mohabir Anil Nandlall and Manoj Narayan appeared on behalf of the respondent.last_img read more

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