Report: Unipec Halts Crude Oil Imports from U.S.

first_imgChina International United Petroleum & Chemicals Co. (Unipec), a wholly-owned subsidiary of China’s oil major Sinopec, has reportedly suspended imports of crude oil from the United States amid ongoing trade tensions between the two countries, Reuters informed citing unnamed sources.Based on the report, it is not clear until when will the suspension last, however, it appears that Unipec has no bookings for U.S. crude oil until October. Nevertheless, the company, which is the world’s largest charterer of VLCCs, is likely to continue trading U.S. crude.The trading freeze comes as Washington is about to announce a new wave of tariffs against China targeting USD 200 million of Chinese goods, increasing taxes from 10 to 25 percent. China has already prepared a counter strike should U.S. move forward with the new tariffs. Namely, the Chinese Ministry of Finance announced it would impose a USD 60 billion worth of tariffs on U.S. goods, including LNG.If the proposed tariffs, amounting to USD 16 billion, are implemented, the tanker and gas shipping industries can also expect changes to trade lanes as China switches to other supplier countries.The US crude oil exports are most likely to be affected and these are primarily driven by China, which was responsible for 25 pct of all US seaborne crude oil exports in terms of volumes in 2017, as indicated earlier by BIMCO.World Maritime News Stafflast_img read more

Derochie, Sookro help Hawks outlast Rebels 7-6 to square Murdoch

first_imgBy The Nelson Daily SportsChris Derochie and Ryon Sookro combined for nine points to spark the Beaver Valley Nitehawks to a 7-6 Kootenay International Junior Hockey League playoff victory over the Rebels Saturday in Castlegar.The win evens the best-of-seven Murdoch Division Final at 1-1. Game three is Monday in Fruitvale.Beaver Valley held period leads of 3-1 and 5-2. The Hawks increased the margin to 7-3 in the third before the Rebels scored three times to make the score close.Colton Donselaar and Sookro each scored twice to pace the Hawks with Derek Lashuk, Keanan Patershuk and Mason Spear added singles. Derochie finished the game with five assists.Spencer Brodt scored twice for the Rebels with Stuart Walton, Jamie Vlanich, Tyler Robinson and Jesse Knowler each scoring singles.Michael Vlanich faced 38 shots to register the win in goal for Beaver Valley. Cole Buckley survived 38 minutes in goal before being replaced by backup Alex Ross.Special teams proved to be the difference as Beaver Valley scored four times on the power play. The Rebels scored once on the power play and with Knowler beating Vlanich with a shorthanded tally.Friday, Castlegar scored five times in the opening period to dump the Hawks 6-2.Knowler, Erik Wentzel, Walton, Jamie Vlanich, Diego Bartlett and Tyler Anderson scored singles for the winners. Tyler Collins and Dallas Calvin replied for the Hawks.Buckley had a much easier time in the Rebel goal to register the win. Zach Perehudoff played two periods before being replaced by Vlanich in the Beaver Valley goal.AROUND THE LEAGUE: Creston Valley is proving to be a much tough opponent that the Fernie Ghostriders hoped for as the Thunder Cats dumped the Eddie Mountain Division champs 5-2 Saturday in Fernie. Five different players shared in the scoring for Creston. . . .Osoyoos Coyotes hold a 2-0 lead in the Okanagan Division final while defending KIJHL Champ Revelstoke Grizzlies lead the Kamloops Storm 2-0 in the Shuswap Division [email protected]last_img read more

11-15 years old? TFA wants YOU!

first_imgTFA is proud to announce the development, piloting and introduction of the AusSquad program. TFA is focused on the continued development of junior participation in sport and the growth of community links in sport. The AusSquad program will become a key element in the TFA junior framework and a key link between the AusTouch Program and pre-elite senior competition.11 to 15-year-olds are the target of the launch, which will involve a demonstration of the program’s clinics and will be conducted by a number of Australian Open players and coaches. The participants need to be there at 5.00pm for the launch to commence at 5.30pm. The participants are then encouraged to stay at the fields to watch the National Training Squads take on the Alliance in their first ever encounter. The participants will receive a free AusSquad shirt as well as a free barbecue taking place on the night. To be a part of the launch, please contact TFA’s National Sport Development Coordinator, Adam Raptis on [email protected] by Thursday, 9 September 2010. Please click on the attached flyer for more information. Related Filesaussquad14-jpglast_img read more

10 months agoPhilippe Sandler delighted with Man City debut

first_imgPhilippe Sandler delighted with Man City debutby Paul Vegas10 months agoSend to a friendShare the lovePhilippe Sandler was delighted to make his debut for Manchester City in yesterday’s FA Cup win over Rotherham.The Dutch defender, who was played at centre-half, featured as a second-half substitute for the 7-0 thumping.Sandler said, “I always play there. Honestly, I have never been in the midfield. Why now? I stood there during the training session. Sending passes. Since I’ve been here, I try to develop as a central defender. “Vincent Kompany helps me enormously. I learn a lot from him. “I do not know if I will get another chance again soon. I especially want to be completely fit first.” About the authorPaul VegasShare the loveHave your saylast_img

Video: Awesome Footage Of Kentucky’s John Calipari, Michigan State’s Tom Izzo Discussing Their Recruiting Battles

first_imgJohn Calipari and Tom Izzo are interviewed.John Calipari Tom IzzoJohn Calipari and Tom Izzo were together at an event to fight cancer at the Oakland Hills Country Club on Monday. During the event, put together by Oakland coach Greg Kampe, the Kentucky and Michigan State coach spoke with reporters. Recruiting came up. Calipari, who’s notorious at this point for being the best recruiter in the country, said Izzo has beaten him for prospects “way more than I’ve beaten him.” Izzo reacted appropriately. Here’s the full conversation, courtesy of the Lansing State Journal.  Perhaps Izzo was beating out Calipari for recruits when the Kentucky coach was at Memphis, but it seems pretty crazy for him to say Izzo’s beaten him “way more than I’ve beaten him.” [LSJ]last_img

Japans Trio Sets Up Container Shipping JV

first_imgzoom Japan’s three major container shipping companies established a holding and operating company on July 7 as they move toward the integration of their container shipping businesses.Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines (MOL), and Kawasaki Kisen Kaisha (K Line) was planning to set up the joint venture company at the strt of July, however, they pushed the establishment date despite claiming to have received all necessary approvals for compliance with local competition laws.The JV company, which includes worldwide terminal operation businesses outside Japan, received the approvals in regions and countries where compliance is required for the establishment of Ocean Network Express (ONE).In late June, the Republic of South Africa’s competition commission decided to block the trio’s proposed merger saying that the structure of the container liner shipping market “is conducive to coordination based on previous collusive conduct in the container liner market in other parts of the world.”The companies earlier said they expect to complete the approval process for compliance with competition law before the service commencement date of April 1, 2018.“Overall, there is no impact on the three companies’ integration plans for the new container shipping business, and the service commencement date for the new company is likewise unchanged from April 1, 2018,” MOL informed.last_img read more

Tis the season for doorstep stealing Shoppers vent about delivery security

first_imgTodd Bailey is fed up with delivery companies that drop his online purchases at his door.A few years ago, the Grande Prairie, Alta., resident was at the hospital for the birth of his child when a big-screen TV he had ordered was left on his front stoop.Bailey figures the enormous box, a target for would-be thieves, was there nearly 24 hours. The frequent online shopper has been repeatedly frustrated that expensive purchases have been left unattended rather than transported to a safe location like a post office.“It’s not the first time but it still surprises me when you come home and there’s a big package on your doorstep out there for everyone to see,” Bailey says.“I think the assumption is it’s being delivered to a person and not to an address. The assumption is it’s being delivered to go inside the house.”For some shoppers, having a package left at their home — especially if it’s placed in an inconspicuous spot — is preferable to trekking to a faraway depot that’s always busy.But Facebook neighbourhood groups and local news broadcasts are now frequently reporting on thieves caught on home security cameras stealing packages left outside.On Thursday, Bailey tweeted a photo to Purolator of a box left against his door. It was a Christmas gift from his mother for his seven-year-old son.“It’s almost too easy (for a thief),” he says. “It just boggles your mind.”In response to his tweet, a customer service representative for Purolator replied: “Our delivery service requires a signature however if the sender selects the signature-not-required service, and there’s no risk of it being stolen or damaged, we’ll honour it.”There are no easy answers for consumers who are victims of theft.In an email, a Purolator spokeswoman said “the receiver should notify local authorities. They can also file a claim with Purolator.”Meanwhile, Canada Post and UPS Canada both say shoppers should contact the retailer. FedEx Canada did not respond to an interview request but a page on its website invites customers to file a claim if a package is lost.Amazon.ca shoppers are told — if they read the legalese in the site’s conditions of use — that “risk of loss and title for items purchased from Amazon.ca pass to you upon our delivery to the carrier or, if such items must cross an international border, then risk of loss and title pass to you when they clear customs.”Amazon added in a statement that “the vast majority of deliveries make it to customers without issue. In the rare case something occurs, we work with customers directly to make it right.”The Seattle-based company thinks it’s solved the problem with its new Amazon Key product, which allows a customer’s door to be wirelessly unlocked to accomodate a delivery. A camera records the drop-off to protect against anything inappropriate and the door locks as soon as the delivery is complete. The service is not yet available in Canada.Canada Post spokesman Jon Hamilton agrees that package theft is still “a small issue that gets a lot of attention,” but could not provide any figures on how many complaints the organization receives.While he acknowledged it does happen, he notes the volume of parcel deliveries is at an all-time high.“What we have right now with (holiday) online shopping is we’re delivering over one million parcels a day across the country,” says Hamilton, noting the postal service hit that daily marker 60 times this year.He invites shoppers that are afraid of theft to use Canada Post’s FlexDelivery service, which allows online purchases to be directed to a post office for pickup.But some Canada Post locations have been overloaded by packages being stored for online shoppers. On Friday, there were six across the country that were jammed full and unable to accept any new deliveries.“The one part of the process we can’t control if a parcel goes to a post office is when people will pick it up. About 80 per cent of the parcels that are dropped off at a post office get picked up within three days and there’s about 20 per cent that will linger,” Hamilton says.“And at this time of year when more and more parcels are arriving every day with online shopping, that can add up.”He added that one major retailer’s recent sale on the Instant Pot wrecked havoc with Canada Post’s network, given how large the cooking devices are.“(We) were chock-a-block with Instant Pots … so you can imagine how that could eat up a lot of space in a short period of time.”Bruce Cran, president of the Consumers’ Association of Canada, says e-commerce is still in its relative infancy so it’s not surprising that there are inefficiencies in the delivery process.He also believes that on a percentage basis, the number of packages being stolen is small.“Consumers love the convenience and at the moment, I don’t think there’s an immense danger in people looking to take deliveries,” Cran said.“I don’t get the impression at the moment that it’s anywhere near the quantity that would prevent us from utilizing these services. We value being able to order on Thursday night and maybe get it on Friday morning.”last_img read more

Mortgage risks fading thanks to higher rates tougher rules Bank of Canada

first_imgOTTAWA — The Bank of Canada is releasing data today that provides a closer look at just how much stricter mortgage rules and higher interest rates have helped slow the growth of new highly indebted households.The central bank is on a clear rate-hiking path and the pace of future increases hinges significantly on the ability of households — particularly those with high levels of debt — to adapt to higher borrowing costs.The bank’s analysis says tougher mortgage qualification tests have reduced the share of new high-leverage, insured loans — those of more than 4.5 times a borrower’s annual income — to six per cent in the second quarter of 2018 from 20 per cent in late 2016.The report also says another rule change this year aimed at uninsured mortgages dropped the share of these new loans to 14 per cent in the second quarter of 2018, compared with 20 per cent a year earlier. Senior deputy governor Carolyn Wilkins says the new mortgage rules are improving the quality and reducing the quantity of new mortgages.Wilkins says household debt remains very high and has created a vulnerability in the financial system — but she argues the better quality of loans will put the economy on a more-solid footing to withstand future adverse economic developments.The Canadian Presslast_img read more

Arpita Ghosh files nomination

first_imgBALURGHAT: Arpita Ghosh, sitting MP of the Balurghat Lok Sabha seat, filed her nomination papers for the same seat as Trinamool Congress candidate to the District Magistrate and District Election Officer Deepap Priya P at the Balurghat collectorate building on Thursday. She was accompanied by state ministers Rajib Banerjee, Goutam Deb, Purnendu Basu and Bachchu Hansda. Apart from them, district Trinamool president Biplab Mitra and former PWD minister Shankar Chakraborty along with many other party leaders were also present. The nomination filing will be continued till April 4. Balurghat will vote on April 23, in the third phase of the seven phase LS polls. Before filing the nomination, Ghosh went to the ancient Balurghat Buri Kali temple to take her blessings, accompanied by around 5,000 party supporters raising slogans for Chief Minister Mamata Banerjee. After filing her nomination, Ghosh said she belongs to that political party which is committed to the welfare of common public. “I have already made a commitment that I would work hard for the common people if elected from this constituency again. Most of the people in the region will bless me in the elections, I am sure,” she said. Answering a question about the challenge of BJP for the Balurghat seat, Ghosh said: “BJP will not be a factor here. We have targeted 42 seats in Bengal. We are the soldiers of Mamata Banerjee who has been working relent- lessly for the common people since 2011. BJP only believes in division between people while for us, people are our strength. Our party will be the decisive faction while forming the new government at the Centre.”last_img read more