first_imgzoomIllustration; Image Courtesy: Pixabay under CC0 Creative Commons license Bermuda-based Teekay Shuttle Tankers is looking to raise up to USD 150 million to finance its newbuild series under construction.Namely, the company has mandated Danske Bank, DNB Markets, Nordea and Skandinaviska Enskilda Banken AB to arrange a series of fixed income investor meetings in Bergen, Helsinki, Stockholm and Oslo starting on October 2, 2019.Subject to inter alia market conditions, a senior unsecured green bond issue of up to USD 150 million may follow.Teekay Shuttle Tankers’ green bond framework has a second opinion from CICERO and has received a CICERO light green shading, the company explained.The proceeds from the potential bond issue will be used to partially fund the E-Shuttle newbuild series currently under construction.last_img

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first_imgKings XI Punjab produced an excellent bowling performance to defeat Royal Challengers Bangalore (RCB) by 19 runs in an Indian Premier League (IPL) match here on Friday.Defending a low total of 138 runs, Punjab dismissed the star-studded RCB batting line-up for 119 runs in 19 overs.WATCH: Kohli’s RCB out of contention for play-offs, young Indian batsmen shine bright Medium-pacer Sandeep Sharma and left-arm spinner Axar Patel were the stars of the show with three wickets each.Patel returned figures of 3/11 in four overs while Sandeep took 3/22.The win keeps Punjab in the running for a spot in the play-offs as they have 10 points from an equal number of matches, while RCB have been knocked out of the reckoning as they have a mere five points from 12 matches.Except for opener Mandeep Singh who made 46 runs off 40 balls before bowled by Glenn Maxwell, none of the RCB batsmen could tackle the Punjab bowlers.The dominance of the Punjab bowlers can be gauged from the fact that only three RCB batsmen could reach double figures.Earlier, RCB restricted Kings XI Punjab to 138/7 in their allotted 20 overs.Patel (38 not out) and Manan Vohra (25) were the major contributors to Punjab’s cause.Punjab got off to a poor start as openers Hashim Amla (1) and Martin Guptill (9) were sent back to the pavilion inside five overs.Amla was dismissed by medium pacer Aniket Choudhary on the penultimate ball of the first over and Guptill was dismissed by Sreenath Aravind in the fourth over.With 18/2 in 3.3 overs, Marsh and Vohra tried to stabilise the innings and they were almost successful but after adding 21 runs in 3.3 overs the latter was sent packing by spinner Pawan Negi. In his 17-ball knock Marsh slammed three boundaries.advertisementVohra, who seemed good at the middle was also dismissed by Yuzvendra Chahal in the 12th over. Vohra’s 28-ball knock was laced with one boundary and one six.Skipper Glen Maxwell (6) also failed to rise to the occasion as he was also dismissed by Chahal in the very next over.Middle-order batsmen Wriddhiman Shah (21)and Patel then forged a 34-run partnership to help the visitors to get past the 100-run mark.But soon, Shah, who played 25 balls and slammed one boundary, was bowled by Shane Watson in the 18th over.In the very next over, new batsman Mohit Sharma (6) was also dismissed with the scoreboard reading 119/7.The last over saw some boundaries from Patel but that was not enough for Punjab to post a challenging total.For Bangalore, Choudhary and Chahal scalped two wickets each while Aravind Watson and Negi chipped in with one wicket each.last_img

first_imgThe head of the union tapped to represent workers in Ontario cannabis stores says his members will be well-trained and ready to go by next July, the target date for federal legalization of recreational pot.“Oh, we’ll be ready for it, don’t worry about that,” said Warren “Smokey” Thomas, president of the Ontario Public Service Employees Union, which represents staff of the provincially owned Liquor Control Board of Ontario.On Friday, Premier Kathleen Wynne said Ontario will allow the sale of recreational marijuana only from government-run stand-alone outlets — starting next summer with 40 shops and growing to about 150 by 2020 — as well as a government website.The LCBO will operate the stores and website using OPSEU members.While conceding the timeline is “ambitious,” Thomas said there are many experts available from the medical marijuana industry to train his members in distribution, sales and product quality control.He said he expects experienced workers from soon-to-be-outlawed private cannabis operations in Ontario will likely apply for those jobs so they can receive higher union wages.But the president of the Canadian Association of Medical Cannabis Dispensaries said he’s not so sure the government staff can be trained in time, adding he’s disappointed the government is “missing an opportunity” by cutting out existing operations and their experienced staff.Jeremy Jacob said dispensaries require front-line workers to have a much more nuanced knowledge of their products than a typical LCBO outlet.“What dispensary technicians do is determine the experience level, the tolerance someone has, and recommend appropriate products to ensure they have a good experience,” he said.“That level of care and attention isn’t present in liquor stores and it’s not something where you can flip a switch and suddenly ensure people are getting the advice they need.”Meanwhile, Greg Engel, CEO of Organigram, a licensed producer of medicinal cannabis, said the government’s target of training front-line staff by next July is “achievable and reasonable” and also vitally important.“Having a knowledgeable staff that is able to convey what the expected effect is for individuals who are purchasing product and the duration of the effect and what they should experience and what’s right for them based on what they’re looking for, that’s critical,” he said.Thomas said the 40 stores will likely require about 200 new union members and that could eventually grow to 1,000 or more.He said there’s no downside to the Ontario decision and encouraged other provinces to follow along.— With files from Armina Ligaya.Follow @HealingSlowly on Twitter.last_img

first_imgWASHINGTON – Orders for long-lasting U.S. factory goods fell 1.7 per cent in July, the third decrease in the past four months.The Commerce Department said Friday that durable goods orders — items meant to last at least three years such as autos and appliances — totalled $246.9 billion last month. Much of that decline came from a steep 35.4 per cent drop in orders for nondefense aircraft, a volatile category on a monthly basis.For most of 2018, manufacturing has been a source of strength with durable goods orders increasing 8.6 per cent year-to-date. Excluding aircraft and non-military goods, orders rose 1.4 per cent in July, a positive sign for the economy.Still, U.S. trade showdowns with China, the European Union, Canada and Mexico have left many manufacturers feeling uncertain about their futures. President Donald Trump has levied and threatened taxes on imports as a tool for forcing foreign countries to give the United States better terms of trade. But tariffs carry the risk of higher prices and fewer sales for manufacturers that rely on a global market.In its index on manufacturing growth, the Institute for Supply Management found that manufacturers were still expanding even as international trade has become a dominant concern.The ISM, a trade group of purchasing managers, reported that its manufacturing index fell in July to 58.1 from 60.2 in June. Anything over 50 signals growth.last_img

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