Navios Midstreams Earnings Weaken in 2017

first_imgzoom Monaco-based Navios Maritime Midstream Partners witnessed a decrease in its 2017 net income which stood at USD 14.6 million, against USD 24.9 million a year earlier.The decrease was due to a USD 8.2 million decrease in EBITDA, a USD 1.6 million rise in interest expenses and finance cost mainly due to a USD 1.3 million write-off of deferred finance cost and a USD 0.8 million increase in direct vessel expenses.Revenue for the year ended December 31, 2017 was at USD 83.1 million, as compared to USD 91.8 million for the same period in 2016, while the Time Charter Equivalent (TCE) reached USD 39,401 for the year, against  USD 42,625 reported in 2016.For the fourth quarter ended December 31, 2017, the company said that its net income dropped to USD 4.3 million from USD 6 million seen in the same period a year earlier. Revenue was slightly down at USD 22.7 million, as compared to USD 22.8 million for the fourth quarter of 2016.Quarterly TCE decreased to USD 40,391 from USD 40,719 seen in the same three-month period a year earlier.Navios Midstream declared a cash distribution for the fourth quarter of 2017 of USD 0.4225 per unit, representing an annualized yield of about 17%.last_img read more

This Zambian nurse swapped 5000 babies in 12 years just for fun

first_imgElizabeth Bwalya MwewatwitterA nurse’s shocking confession has revealed that she had swapped nearly 5,000 babies just for fun while working at University Teaching Hospital in Zambia.Elizabeth Bwalya Mwewa, a former nurse at the UTH, had this odious revelation that she had swapped over 5,000 babies between 1983 and 1995. She disclosed this as she is suffering from terminal cancer and doesn’t want to rot in hell in the afterlife. The news has created quite an uproar in social media after it went viral.”I have terminal cancer and I know I will be dying soon. I wish to confess my sins before God and before all the affected people especially those who were giving birth at UTH during my service. I have found God. I’m now born again. I have nothing to hide, in the 12 years I worked in the maternity ward at UTH, I swapped close to 5,000 babies,” Elizabeth said.Elizabeth added that if anyone’s born between 1983 and 1995, the chances are that their parents might not be their true biological parents as she had developed a habit of swapping babies just for fun.”So, take a good look at your siblings, if for example everyone is light and you are darkie… you are that child and I am really sorry for that”, she said.She further said that she has sinned against God and was the reason behind the divorce of many faithful couples after going for DNA tests. She said that she was being used by a demon for doing such heinous crime.”I have caused many mothers to breastfeed children who are not theirs biologically. I don’t want to go to Hell for that, I’m really sorry I have sinned a lot. Please forgive me,” she added.However, the initial investigation revealed that there is no midwife by her name under the General Nursing Council of Zambia and no nurse by that name had ever existed or worked at UTH.last_img read more

DHFL approves allotment of Rs 10000 crore debentures Can Fin Homes eyes

first_imgClose on the heels of home loan company DHFL successfully raising Rs. 10,000 crore via debt, Canara Bank subsidiary Can Fin Homes has decided to shore up its finances through a Rs. 3,000-crore private placement of non-convertible debentures (NCDs). Shares of the two companies have rallied sharply in the past three months.DHFL, at its board of directors meeting on Friday, approved allotment of 10 lakh NCDs for Rs. 10,000 crore. The effective yield on the NCDs ranges from 9.05 to 9.25 percent per annum, with multiple tenure options of three, five and seven years.Can Fin Homes decided on Wednesday to take the NCD route to raise Rs. 3,000 crore by issuing debt on private placement basis at its board of directors meeting.DHFL posted 16.2 percent growth in net profit for the first quarter (Q1) ended June 2016 to Rs. 201.40 crore on 18.5 percent rise in income from operations to Rs. 1,958 crore, on a year-on-year basis. Gross non-performing assets stood at Rs. 623.80 crore, or 0.98 percent, of total advances.Loan disbursements and sanctions were Rs. 6,214 crore and Rs. 8,800 crore, respectively for Q1, up 25.54 percent and 12 percent, respectively, over the year-ago period. DHFL shares hit a 52-week high of Rs. 304.70 on Friday before closing at Rs. 299.85, marking an appreciation of 43 percent over a three-month period, based on the closing price of Rs. 208.75 of June 10, 2016.  Can Fin Homes shares have also rallied 40.6 percent during the same period to close at Rs. 1,653.80 on Friday; the stock had ended at Rs. 1,175.65 on June 10, 2016.The Bengaluru-based home loan company earned net profit of Rs. 49.73 crore in Q1, an increase of 55 percent from Rs. 32.10 crore in the June 2015 quarter. Income rose 28 percent to Rs. 309.62 crore in Q1.PNB Housing Finance, a subsidiary of state-run Punjab National Bank (PNB), is coming up with an initial public offering, signalling a bullish trend in home loan business.The BSE Financials index closed 1.09 percent down on Friday, reflecting the downward trend on the Sensex that ended 248 points lower at 28,797.last_img read more

Call for calm after 86 die in farmer herder clashes

first_imgMuhammadu BuhariNigeria’s president called for calm on Sunday after at least 86 people died in clashes between farmers and semi-nomadic herders over the weekend.Authorities imposed a dusk-to-dawn curfew in central Plateau state after the fighting, part of an escalation of clashes that have raged for years, often over dwindling fertile land.A total of 86 people had died by late Sunday, state police spokesman Terna Tyopev said, raising the local government’s earlier estimate of 70.The violence in Nigeria’s diverse Middle Belt states has now killed more people than the Islamist insurgency in Nigeria’s northeast, according to Reuters calculations.Insecurity has become a major electoral problem for president Muhammadu Buhari, who plans to seek re-election in February and who won power on pledges to deliver peace and stability.In a statement on the president’s official Twitter account late on Sunday, Buhari appealed for calm, adding that “no efforts will be spared to bring the perpetrators to justice, and prevent a recurrence.”But senior lawmakers lamented the state of Nigeria’s law enforcement systems.“This further strengthens my constant call for an overhaul of the entire security apparatus of this country,” Yakubu Dogara, the leader of Nigeria’s lower house of parliament, said in a statement on Sunday.Buhari’s party rejects criticism that his administration is soft-peddling justice for the herders, who belong to the same Fulani ethnic group as the president.last_img read more

Civic volunteer murder case Husband motherinlaw held

first_imgKolkata: Suparatim Das, husband of Shampa Das, a civic volunteer who was found dead inside their house at Kaikhali on Friday evening, has been arrested by Bidhannagar police for murdering his wife with two hired criminals.His mother has also been arrested for her alleged involvement in the incident. They have been remanded to four-day police custody after being produced at a Barrackpore court on Monday. Police have also detained a domestic help after a prolonged interrogation on Monday. In the face of rigorous grilling, the accused admitted his involvement and narrated the incident. To evade getting caught, the husband hatched a plan of himself being tied up with a rope against a chair. Also Read – Heavy rain hits traffic, flightsAmit P Javalgi, DC, DD, Bidhannar police said they suspected her husband’s involvement after interrogating him as there were irregularities in his statements. During interrogation, Das told police that his wife used to torture and pressurize them for the property. Das’s mother is the owner of the property and the house at Kaikhali, where the couple lived with their 3-year-old son.Police said Das hired two criminals with the help of one Roshid Ali Mollah with whom Das had met a few months ago. Also Read – Speeding Jaguar crashes into Merc, 2 B’deshi bystanders killedIt is through Mollah that Das had struck a deal with the two criminals. Though Mollah is not a physiotherapist, he used to give massage to Das. After the investigation, police came to know that Das had hired the criminals by paying them around Rs 60,000. Das and his mother helped criminals enter the house after the victim woman arrived from her duty on Friday evening. The victim’s mother-in-law stepped out of the house with her grandson a few minutes before the incident.The hired criminals went into the room, tied up the husband with a rope against a chair and hit the woman with a sharp weapon. Das told police that he hatched the plot of killing his wife after failing to bear her torture on him and his mother. The victim used to beat them up, demanding to name the entire property against her name. Das and an attendant, who used to look after domestic works, were interrogated together.last_img read more

Mamata to felicitate toppers today

first_imgKolkata: Chief Minister Mamata Banerjee will felicitate toppers of different examinations on Monday.Toppers of Madhyamik, Higher Secondary, ICSE, ISC, CBSE and WBJEE examinations will be receiving prizes from the Chief Minister. The programme has been organised at Netaji Indoor Stadium and the felicitation programme is going to start from 4.30 pm. Around 250 students will be felicitated on Monday. Their parents will also be present during the felicitation programme. Also Read – Heavy rain hits traffic, flightsIt may be recalled that the Chief Minister had tweeted on Wednesday morning: “Congratulations to all students who excelled and those who passed the Madhyamik exam. Best wishes for all your future endeavours. Good wishes to your teachers and families.” Similarly, on the day Higher Secondary result was declared, she stated in a tweet: “Congratulations to all students who excelled and those who passed the Higher Secondary Examination. Best wishes for all your future endeavours. Good wishes to your teachers and families.” The Chief Minister had felicitated toppers of the board examinations in 2017 as well and she had assured all sorts of support to the students to carry on with their higher studies. Last year, the programme was organised at Uttirnya. This time it has been given a bigger shape and is going to take place in Netaji Indoor Stadium.last_img read more

AMResorts unveils new South Asian wedding package to meet increasing demand

first_imgTags: AMResorts, Romance & Weddings << Previous PostNext Post >> Share MIAMI — AMResorts has launched a new wedding package specially designed for South Asian couples in search of fully personalized nuptials in Mexico and the Caribbean.According to the company, the rate of Indian weddings is growing 25% annually. With this in mind, the new ‘Dulha & Dulhan’ package – available at select properties – was launched to meet this increasing demand, featuring elements that include a one-hour Welcome Cocktail Party with a bar and hors d’oeuvres station, and a 1.5-hour Wedding Ceremony, complete with an elegant ‘Mandap’, beverage station and shoe check station for ceremonies held on the beach.Couples will also receive a four-hour ‘Sangeet & Mehndi’ private event, which includes an intimate stage area with coloured draping, food stations and tables, a ‘baraat’ (groom’s wedding procession), and a four-hour Dinner Reception featuring a stage area for the couple, buffet and dessert station, and a private bar with bartender.In addition to the private wedding events, couples booking the package will receive additional perks including: a dedicated on-site wedding coordinator who’s been certified in South Asian weddings; sparkling wine and fresh fruit for the wedding couple and their parents in suite (up to three rooms); and romantic turndown service the evening of the wedding.More news:  A new low for no-frills flying: easyJet assigns backless seat to passengerPlus, wedding couples are given a complimentary return stay on anniversary nights at Secrets, Dreams, and Now Resorts & Spas. Couples who stay five or more paid nights over their first anniversary date will receive two additional nights free.The ‘Dulha & Dulhan’ is priced at US$7,500, inclusive of four events for up to 50 guests. For more details go to,, and Posted bycenter_img AMResorts unveils new South Asian wedding package to meet increasing demand Travelweek Group Monday, March 13, 2017 last_img read more