ISH Moves Towards Emergence from Bankruptcy

first_imgAlabama-based shipping company International Shipholding Corporation (ISH) has received the necessary approvals from the US Department of Transportation Maritime Administration, satisfying certain conditions before its reorganization plan becomes effective.The plan was confirmed by the US Bankruptcy Court for the Southern District of New York in March 2017.The company is expected to emerge from bankruptcy as a subsidiary of Seacor Holdings following the satisfaction of the remaining conditions and on a date to be specified by ISH.As disclosed, the effective date could be on or prior to July 3, 2017.“This has been a long and challenging process. We are most thankful for the support of our dedicated employees, customers, and suppliers during this transition. That support has been integral to the significant progress made towards a successful outcome of the Chapter 11 process,” Erik L. Johnsen, President and CEO of ISH, commented.“Through the leadership and capabilities of Seacor, upon emergence from bankruptcy International Shipholding will emerge as a stable, well-capitalized business with a bright future,” Johnsen added.“Today marks the achievement of an important step towards a restructuring transaction that will allow the company to move forward with a solid financial and operational foundation under the Seacor umbrella of companies,” Eric Fabrikant, Seacor Holdings’ Chief Operating Officer, said.Under the plan, new equity will be issued in the reorganized company to Seacor in exchange for a USD 10.5 million cash infusion and the conversion of USD 18.1 million in outstanding debtor-in-possession financing claims to equity.What is more, the plan includes USD 25 million in a new senior debt exit facility, a substantial majority of which will be used to satisfy creditor claims.According to the terms of the reorganization plan, ISH also agreed to sell its pure car/truck carriers (PCTCs) to NYK Group Americas.last_img read more

Pope: Who am I to judge gay people?

first_imgFaithInternationalLifestylePrint Pope: Who am I to judge gay people? by: – July 29, 2013 96 Views   no discussions Share Pope Francis has said gay people should not be marginalised but integrated into society.Speaking to reporters on a flight back from Brazil, he reaffirmed the Roman Catholic Church’s position that homosexual acts were sinful, but homosexual orientation was not.He was responding to questions about whether there was a “gay lobby” in the Vatican.“If a person is gay and seeks God and has good will, who am I to judge them?”He also said he wanted a greater role for women in the Church, but insisted they could not be priests.The Pope arrived back in Rome on Monday after a week-long tour of Brazil – his first trip abroad as pontiff – which climaxed with a huge gathering on Rio de Janeiro’s Copacabana beach for a world Catholic youth festival.Festival organisers estimated it attracted more than three million people. His remarks on gay people are being seen as much less judgemental than his predecessor’s position on the issue. Pope Benedict XVI signed a document in 2005 that said men with deep-rooted homosexual tendencies should not be priests. But Pope Francis said gay clergymen should be forgiven and their sins forgotten.“The Catechism of the Catholic Church explains this very well,” Pope Francis said in a wide-ranging 80-minute long interview with Vatican journalists.“It says they should not be marginalised because of this but that they must be integrated into society.”But he condemned what he described as lobbying by gay people.“The problem is not having this orientation,” he said. “We must be brothers. The problem is lobbying by this orientation, or lobbies of greedy people, political lobbies, Masonic lobbies, so many lobbies. This is the worse problem.”On the role of women in the Church, he said: “We cannot limit the role of women in the Church to altar girls or the president of a charity, there must be more.“But with regards to the ordination of women, the Church has spoken and says no… That door is closed.”Answering questions about the troubled Vatican bank, he said the institution must become “honest and transparent” and that he would listen to advice on whether it could be reformed or should be shut down altogether.“I don’t know what will become of the bank. Some say it is better that is a bank, others that it should be a charitable fund and others say close it,” he said.‘Undisciplined’Before leaving Brazil, Pope Francis gave a highly unusual one-to-one interview to a Brazilian TV programme. The interview was shown on TV Globo’s high-profile Sunday night documentary programme Fantastico, broadcast not long after the Pope departed for Rome. The Pope was asked about the moment on his visit when his driver took a wrong turn and his vehicle was surrounded by crowds. “I don’t feel afraid,” he answered. “I know that no-one dies before their time. “I don’t want to see these people who have such a great heart from behind a glass box. The two security teams [from the Vatican and Brazil] worked very well. But I know that I am undisciplined in that respect.” Asked about the recent protests by young people on the streets of Brazil, the Pope said: “The young person is essentially a non-conformist, and this is very beautiful. “It is necessary to listen to young people, give them places to express themselves and to be careful that they aren’t manipulated.” Asked about his simple lifestyle and use of a small car, he said it wasn’t a good example when a priest had the latest model of a car or a top brand. “At this moment I believe God is asking us for more simplicity,” he added. BBC News Sharing is caring!center_img Share Tweet Sharelast_img read more

Rockets’ Dwight Howard sparks mild reaction from L.A. crowd in Game 3 loss

first_imgToo bad, considering Howard said he embraced the endless scrutiny.“That’s fun. It’s the playoffs,” said Howard, who posted a quiet 14 points on 5-of-11 shooting, 14 rebounds and two blocks. “Playing in those hostile environments where you have the crowd booing you, they want you to mess up so badly. I love it. It’s a great atmosphere for me and my teammates.”The Rockets believed Howard thrived in such an environment, mindful that he finished with two 20-point-plus performances in both a Lakers and Clippers road game within the last two years. He also entered Game 3 averaging 18.4 points on 62 percent shooting and 13.4 rebounds in the 2015 postseason. Howard may have finished the first quarter of Game 3 against the Clippers with nine points on 4-of-7 shooting and six rebounds. But he rotated slowly on the Clippers’ pick-and-roll coverages, allowing Blake Griffin wide-open looks at the basket. That contrasted to when Howard finished with 20 points on 9-of-14 shooting, 13 rebounds and three blocks last season here against the Lakers, while playfully joining along to the persistent “Howard sucks” chants. Instead, Howard’s latest game mirrored the 13 points and 11 rebounds he posted in the season-opening win over the Lakers in October when he elbowed Kobe Bryant before exchanging words. Dwight Howard walked onto the court as soon he heard his name announced during the starting lineup introductions.That also meant the Rockets’ center heard something else.The sellout crowd at Staples Center greeted Howard with boos, the soundtrack of his life whenever he has visited Los Angeles since leaving the Lakers two years ago for Houston. But the jeering dropped substantially for the rest of the Clippers’ 124-99 Game 3 win in their Western Conference semifinals series against the Rockets on Friday at Staples Center. The Clippers are up 2-1 in their best-of-seven series with Game 4 taking place on Sunday at Staples Center.Fans resisted booing Howard whenever he attempted a shot or held the ball. They did not chant “Howard sucks” over and over again. The only other boos emerged whenever Howard stepped to the free-throw line, a customary greeting for any opposing player. “He’s been through it all,” Rockets guard James Harden said beforehand. “No different tonight. He’s going to go out there the way he’s been playing this postseason, dominating the paint, rebounding the basketball, finishing and dunking and leading our team.” Yet, it remains diffucult to notice any trend that Howard truly flourishes in this setting despite his contention it never involved a learning process. Howard missed two Clippers home games and one Lakers home game this season because of a persistent right knee injury. But on Friday, Howard did not meet the same level of contentiousness as he has on other nights in Los Angeles. All of which sparked the Rockets to offer a dismissive eye roll as quickly as Howard usually swats away a shot. “When fans start coming onto the court and blocking shots and stuff like that, then they’ll have an impact,” Rockets coach Kevin McHale said. “If they’re booing you, they must be afraid of you or they don’t like you. You’re doing something right. When they’re cheering you on the road, you’re doing something wrong.” center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

Joc Pederson: Baby face, grown up game for Dodgers rookie star

first_imgWith his quiet demeanor, wavy haircut and remarkably young baby face, Joc Pederson didn’t look a heck of a lot older than the Westchester Little League All-Stars lined up inside the Dodgers dugout on Sunday.At the most, a not-much-older older brother.Point being, it probably seems like just a blink of an eye to Pederson since he was the same age as the star-struck kids trying get a glimpse of the Dodgers’ latest sensation.Rather than actually being the guy they were elbowing each other out of the way of to get a closer look. “They say the fast track, but try being on all those 14-hour bus rides in the minor leagues,” Pederson said, laughing. “The minor leagues are a grind. It may seem like that was a quick process, but trust me, those bus rides are long.”True, true.It only just seems like Pederson went from teenage prospect to budding superstar about as fast as one of those laser-like rockets his smooth, sudden, beautifully left-handed swing generates at ballparks across America on a seemingly nightly basis.And upon taking his batting practice turn Sunday and then spraying line drives all over the field and jacking moon shots deep into the right-field pavilion, Pederson no longer looked like a kid sneaking into his old man’s medicine cabinet to swipe the shaving cream.In fact, he looked very much like a grizzled big-league veteran. Then you look at the statistics he’s throwing up so far, and all of a sudden you wonder if this is a 23-year-old rookie or a five-time All-Star.The numbers don’t make sense – unless your baseline for 23-year-old center fielders these days are icons like Willie Mays, Mickey Mantle, Ken Griffey Jr. and Ty Cobb.Because Pederson’s .960 OPS isn’t too far off the pace from the ones those Hall of Famers put up at a similar age.It’s also the eighth-best in Major League Baseball.His 17 home runs are tied for fourth best, his slugging percentage seventh and on-base percentage within the top 25. Ok, his 71 strikeouts are a concern, but nobody is perfect.And keep in mind he’s doing it all in his first year in the big leagues while batting lead-off for one of the most glamorous clubs in baseball.And did we mention he’s also patrolling center field – and doing a fine job of it?Dodgers manager Don Mattingly compares this smooth swing to Colorado Rockies slugger Carlos Gonzalez with a little bit of Seattle Mariners superstar Robinson Cano.His plate discipline is so advanced – he’s walked 37 times already – he’s able to flourish at the top of the order without sacrificing any of his power. The recent slugging spree he went on, in which he hit home runs on five consecutive days, is a testament to the kind of juice his slender 6-foot-1, 215-pound body can generate.“I still gotta look to drive the ball,” he said.He’s finding he gets more chances to do that at the top of the order than the bottom, where the eight spot sometimes took the bat out of his hands hitting in front of the pitcher.“They attack you much more (leading off) that’s for sure,” Pederson said. “The eight hole is so much more of a mind game in terms of when you’re going to get a pitch to hit.”And while it was primarily out of need Mattingly moved Pederson from the eighth to leadoff, you get the idea Pederson might have found a steady home there.“Right now we’re comfortable with him up top,” Mattingly said, “He seems to be comfortable up there.”The more you talk about Pederson, the older he gets.“It’s really early though,” he reminded me Sunday night after he took an 0-for-3 with two strikeouts in the Dodgers’ loss to the St. Louis Cardinals. “When you’re in the big leagues, if you aren’t producing, they’ll find someone who can produce pretty quickly.”Maybe, but by the looks of things the next time Pederson ever sees the minor leagues it will be on an injury rehab – knock on wood.Still, the mature approach was exceedingly noticeable.On top of all the other advanced aspects of Pederson’s game, his perspective is absolutely veteran-like.Actually that was one of key attributes the Dodgers zeroed in on Pederson during the 2010 draft process.Pederson was a USC pledge playing at Palo Alto High at the time, the son of 12-year-minor league veteran Stu Pederson, who played eight games for the Dodgers in 1985.Growing up around baseball all those years, the sport inevitably got into his blood. More importantly, so did a command and appreciation for the game.It’s something then Dodgers general manager Ned Colletti, assistant G.M. Logan White and the Dodgers scouting staff were immediately struck by while evaluating Pederson.“He grew up in a family that respected baseball, that had an unbelievable understanding of the game,” Colletti said. “Whenever you can find somebody that has that kind of understanding, where baseball is that big a part of their life, where it’s not just a once-in-a-while thing it’s a constant thing, it has an affect. When your dad’s a professional baseball player, you’re saturated in it every day. You see it, you live it, you have a feel for it.“Couple with that with the skill set, the athleticism and the ability to play in the middle of the diamond. That catches your attention.”It almost seems laughable now, but the Dodgers didn’t take Pederson until the 11th round. The baseball-wide concern was his commitment to USC, and how much money it would take to convince him to forgo college in favor of starting his professional baseball career. With the risk so nominal at that point in the draft, the Dodgers took their chances Pederson was ready to sign.The lure was a $600,000 signing bonus.“The talent was too good to pass up,” Colletti said. “It took us a little while to sign him that summer, but it all worked out.”Granted, it’s just 57 games into his rookie year, but it’s more than just working out.center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more

NBA Draft 2019: 3 players with boom or bust potential

first_imgThree players with boom or bust potentialBol BolAt 7-2 and 235 pounds with athleticism to boot, this one should be easy. Bol Bol has the size to dominate inside and be the odd type of player who can run the court despite being absolutely massive. But here’s the issue, for one he is fragile, and two he is incredibly raw.Coming out of Bishop Miege High School just outside of Kansas City, Kansas, Bol played against competition that simply wasn’t up to snuff for him. Private schools play alongside public schools in the state, and at the 4A level, Bol simply didn’t see great competition. That’s why he transferred to Mater Dei and then to Findlay Prep. He needed to see better competition and he went out and found it.But he didn’t play his whole life in tough competition and wasn’t truly tested until he got to college when he went to Oregon. And he showed he could play well there averaging 21.0 points and 9.6 rebounds. However, he played just nine games before getting hurt and he showed what a lot of scouts feared in his time there as well. He doesn’t want to play inside. He likes to shoot the 3 and doesn’t play with the physicality someone of his size would be expected to.And then if he is to do that can he stand up to the physical nature inside? There are more questions around Bol Bol than answers, but again, he is 7-2, has the potential to dominate inside and can also shoot the 3-pointer. He has a massive skill set, but will it all come together or will he fall apart?Jarrett CulverCulver could either be the best player to come out of this draft or one who never gets aggressive enough to succeed. Here’s the thing with Culver, where he comes from is both his best asset and his worst. He was a two-star recruit coming out of Lubbock, Texas, but after two years with Texas Tech he was the Big 12 Player of the Year and a Naismith finalist.Here’s the thing though, while he has grown a lot he still has the same issues he had coming out of high school: he’s not nearly aggressive enough on the offensive end and often can get overpowered by NBA-bodied guys like De’Andre Hunter of Virginia showed in the National Championship game.He is still very young and very raw so if a coach sees that and believes he can put on 20 to 30 pounds and maintain the athleticism that makes him as good as he is now he could wind up being absolutely fantastic in the NBA. But if he doesn’t get more aggressive and can’t put on weight — or if he does and slows down — he could be in for a lot of trouble at the NBA level as a man who should be a stretch-four playing at the size of a smaller small forward. NBA Draft 2019: 3 teams with the most on the line NBA Draft 2019: Here’s how Zion Williamson will fit with the Pelicans Part of the fun of the NBA Draft is trying to figure out who is going to be good and who isn’t.It’s easy say guys like LeBron James or Kevin Durant or Zion Williamson will be good, but what about Kawhi Leonard or Marc Gasol?center_img Who are those guys who you thought could be good, but a team was still taking a chance on them by taking them?We’re looking at a few of those guys here, the guys who could be All-Stars in three years or who may never make it out of the G-League. Related News Rui HachimuraThere is a ton to like about Hachimura. As a guy who didn’t start until his last year at Gonzaga, Hachimura took a massive step from Year 2 to Year 3 and showed how he could be a dominant force on the offensive end both featuring post moves and an ability to knock down a shot if you leave him open. He also can run the floor giving teams a lot to dream up with what he could do in a small-ball lineup.But he really is a four who isn’t all that big nor all that athletic. He can struggle defensively at times and may not be quite a good enough shooter to truly be a stretch-four. He could be the type of guy stuck guarding men three inches taller than him who better athletes. That could result in being a mismatch on the floor who can only come off the bench in limited minutes.But if he continues to develop and adjusts to the NBA 3-point line well he could very well be an absolute steal if he falls down the draft. It depends on which team he ends up with though and he’ll need to keep getting better if he wants to be an NBA star.last_img read more

LETTERKENNY WAITING LIST SCANDAL CONTINUES UNABATED – McCONALOGUE

first_imgCharlie McConalogue TD says patients in Donegal are facing delayed diagnoses and poorer patient outcomes as a result of ever increasing waiting lists at Letterkenny General Hospital.Letterkenny General HospitalThe latest figures from the National Treatment Purchase Fund reveal that there were 16,221 on outpatient waiting lists at Letterkenny General Hospital in April. More than 5,500 of those have been waiting over a year to see a consultant.That’s a year on year increase of 328.5% Deputy McConalogue commented, “The continuing escalation of waiting list numbers at Letterkenny General Hospital is nothing short of alarming. The Health Minister’s complete inaction on this crisis is inexcuseable. As a doctor he should be well aware of the consequences of delayed diagnosis, yet the number of people waiting more than 12 months for an outpatient appointment has rocketed over the past year. Minister Varadkar’s failure to come up with a tangible plan to deal with this growing problem is leading to increased backlogs in the system and extreme frustration and anxiety among patients.“The situation is further exacerbated in Donegal because of the refusal by the Saolta Hospital Group to provide follow-up treatment to patients who were outsourced under the 2013 Out Patients Initiative. This has led to a situation whereby hundreds of patients who had been waiting over a year for treatment were transferred to other hospitals for assessment and treatment as part of the scheme. However, because of funding shortfalls hundreds of these patients have now been amalgamated back into the public waiting lists placing additional pressure on the system.“This Government downgraded the National Treatment Purchase Fund in favour of James Reilly’s Special Delivery Units. This framework has failed patients completely and has led to these out of control waiting lists. Fianna Fáil wants to see the NTPF fully reactivated to ensure that public patients who are not treated within a reasonable timeframe are referred to private or public hospitals either here or in Northern Ireland for assessment and any follow on procedures necessary.“The current situation cannot be allowed to continue as it is. It poses serious risks for patients and creates an atmosphere of anxiety as people are forced to wait in excess of a year for an appointment. Minister Varadkar has a choice – either secure additional funding to drive down the lists or adopt Fianna Fáil’s proposals to reactivate the NTPF. This Government has spent the past few weeks telling us that the economic recovery is underway – now is the time to reinvest the additional funds in essential public services and ensure a quality health system for people in Donegal and across the country”. LETTERKENNY WAITING LIST SCANDAL CONTINUES UNABATED – McCONALOGUE was last modified: May 7th, 2015 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more