Jordin Sparks Sets Broadway Return as Jenna in Waitress

first_imgJordin Sparks(Photo: Alberto E. Rodriguez/Getty Images) Waitress Almost a decade after her 2010 Broadway debut in In the Heights, multi-platinum recording artist Jordin Sparks will head back to Broadway next month, taking over the lead role of Jenna in Waitress. Sparks will join the musical on September 16, replacing current headliner Alison Luff, who will play her final performance on September 15.Sparks garnered worldwide attention at age 17 as winner of American Idol season six. Sparks’ popular singles have sold more than 10 million digital tracks, winning her two BET Awards, one American Music Award, one BMI Songwriting Award and one People’s Choice Award, in addition to earning two MTV Award nominations and a Grammy nomination.Waitress features a book by Jessie Nelson, a score by Sara Bareilles, direction by Diane Paulus, choreography by Lorin Latarro and music supervision by Nadia DiGiallonardo.Sparks will play a limited engagement through October 27. Show Closed This production ended its run on Jan. 5, 2020 Related Showscenter_img Star Files View Comments Jordin Sparkslast_img read more

Online registration for select Ironman 70.3 events in 2011

first_img Related Online registration is now open for a number of 2011 Ironman 70.3 races including Rohto Ironman 70.3 Florida, K-Swiss Ironman 70.3 Kansas, Ironman 70.3 Mooseman and Ironman 70.3 Boise.Rohto Ironman 70.3 Florida, celebrating its eighth year, is set for 15 May 2011 at Walt Disney World Resort in Orlando, Florida. The event is an official qualifier for the Ironman World Championship 70.3. Athletes will enjoy the calm protection of the fresh water swim course in Bay Lake at Disney’s Fort Wilderness Resort & Campground, the challenge of a one-loop bike course that includes the famous World Drive in Walt Disney World Resort and the scenic beauty of Orange County and a three-loop run course through Disney’s Wilderness Trails and Roadways.Also an official qualifier for the Ironman World Championship 70.3 – Ironman 70.3 Mooseman, set in Newfound, New Hampshire, on 5 June 2011, will offer athletes one of the most scenic courses in the US. The swim will utilise the pristine, fresh waters of Newfound Lake. A picturesque bike course will include rolling hills and views of sprawling farmland, quaint villages and the Newfound Lake shoreline. The run course, which passes by the majestic Granite Ledges, will be an out-and-back format with rolling hills similar to the bike course.Meanwhile, the Mooseman International Triathlon will take place the day before Ironman 70.3 Mooseman on 4 June 2011 in Newfound Lake. The race course features a 1.5K swim in Newfound Lake, a 55K bike ride along the shores of Newfound Lake and a 10K run that passes by the majestic Granite Ledges.K-Swiss Ironman 70.3 Kansas, set for 12 June 2011 in Lawrence, Kansas, will begin with a swim in Clinton Lake followed by a bike and run through Clinton State Park and the surrounding areas. The challenging bike and run course features flat stretches matched with steep, climbing hills and offers lake front views. Athletes will enjoy the spectator-friendly run course and spectacular finish at Clinton State Park. K-Swiss Ironman 70.3 Kansas is an official qualifier for the Ironman World Championship 70.3.Finally, Ironman 70.3 Boise, takes place in Boise, Idaho, on 11 June 2011. The event is again an official qualifier for the Ironman World Championship 70.3 and is a favourite among first-time Ironman athletes. The swim will be held in Lucky Peak Reservoir and the bike and run course takes athletes along the Boise Greenbelt and finishes in downtown Boise.www.ironman.comlast_img read more

Now on your restaurant bill: Obamacare fee

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Several restaurants in a Florida chain are asking customers to help foot the bill for Obamacare.by. Tami Luhby Diners at eight Gator’s Dockside casual eateries are finding a 1% Affordable Care Act surcharge on their tabs, which comes to 15 cents on a typical $15 lunch tab. Signs on the door and at tables alert diners to the fee, which is also listed separately on the bill.The Gator Group’s full-time hourly employees won’t actually receive health insurance until December. But the company said it implemented the surcharge now because of the compliance costs it’s facing ahead of the Affordable Care Act’s employer mandate kicking in in 2015.“The costs associated with ACA compliance could ultimately close our doors,” the sign reads. “Instead of raising prices on our products to generate the additional revenue needed to cover the costs of ACA compliance, certain Gator’s Dockside locations have implemented a 1% surcharge on all food and beverage purchases only.”Related: Employers play Obamacare blame gameThe company employs a total of 500 people, with about half working full-time. Currently only management receives health benefits, but the restaurant will have to offer coverage to all full-timers once the mandate takes effect. The fee will allow the company to continue offering full-time hours to many workers, according to Sandra Clark, the group’s director of operations. continue reading »last_img read more

Multifamily lending update: Quality over quantity

first_imgIn what ways has the bank changed the way it approaches lending as a result of the recovery? I believe that our credit decisions are more heavily influenced today by the quality of the borrower than was the case leading up to the downturn. While there always has to be a strong eye on the quality of the asset and market, the experience and track record of the borrower in question is very important today; particularly when it comes to the proverbial request to “stretch.” How has multifamily lending evolved since the recovery began?From a 10,000-foot perspective, during the earliest stage of the recovery, there were very few non-government sponsored lenders in the market such as life companies and banks.  The primary source of apartment lending capital was government related GSE’s; Fannie Mae, Freddie Mac and FHA/HUD.  The entire industry was fortunate to have the government’s liquidity support during that time.  As the recovery evolved we saw more and more non- government related lenders such as life insurance companies, CMBS and the banking sector gain their appetite back.  Today, the bench of available lending sources interested in apartments is once again very strong.On a more deal-by-deal level, we are seeing underwriting guidelines become much more aggressive, which is helping to generate higher available loan dollars, longer periods of interest-only payments and the willingness of lenders to seek loan opportunities in secondary and tertiary markets. Charlie Williams, SVP at BerkadiaBy Charlie Williams, Senior vice president, Berkadia What do developers and investors have to be able to show lenders to improve their odds of getting financed?It is important that the major aspects of the developer’s business plan are viable and supportable. Lenders are not interested in relying on any assumption of a home run today. A developer who can outline a clear plan that will achieve good, but reliable results matters most. A developer’s ability to then solve for unforeseen obstacles by using its track record of experience and capital are always important. A developer should also include a thorough description of a project’s competitive position in market relative to other projects. What multifamily projects are “hot” for lenders? There are many areas of interest, but seniors housing comes to mind. The need for affordable, high quality rental housing to meet the demand of this growing population has a lot of attention today. This includes not only apartments geared towards seniors, but housing for those transitioning into the work force in areas where the jobs are being created. Also, investor demand for niche assets such as manufactured housing communities is very strong. For example, it is not uncommon for a 55+ manufactured home community to sell at a lower cap rate today than a class-A apartment.last_img read more

Getting serious about funny: Psychologists see humor as a character strength

first_imgShare on Facebook Humor is observed in all cultures and at all ages. But only in recent decades has experimental psychology respected it as an essential, fundamental human behavior.Historically, psychologists framed humor negatively, suggesting it demonstrated superiority, vulgarity, Freudian id conflict or a defense mechanism to hide one’s true feelings. In this view, an individual used humor to demean or disparage others, or to inflate one’s own self-worth. As such, it was treated as an undesirable behavior to be avoided. And psychologists tended to ignore it as worthy of study.But research on humor has come into the sunlight of late, with humor now viewed as a character strength. Positive psychology, a field that examines what people do well, notes that humor can be used to make others feel good, to gain intimacy or to help buffer stress. Along with gratitude, hope and spirituality, a sense of humor belongs to the set of strengths positive psychologists call transcendence; together they help us forge connections to the world and provide meaning to life. Appreciation of humor correlates with other strengths, too, such as wisdom and love of learning. And humor activities or exercises result in increased feelings of emotional well-being and optimism. Share on Twitter LinkedIn Emailcenter_img Share Pinterest For all these reasons, humor is now welcomed into mainstream experimental psychology as a desirable behavior or skill researchers want to understand. How do we comprehend, appreciate and produce humor?What it takes to get a jokeUnderstanding and creating humor require a sequence of mental operations. Cognitive psychologists favor a three-stage theory of humor. To be in on the joke you need to be able to:Mentally represent the set up of the joke.Detect an incongruity in its multiple interpretations.Resolve the incongruity by inhibiting the literal, nonfunny interpretations and appreciating the meaning of the funny one.An individual’s knowledge is organized in mental memory structures called schemas. When we see or think of something, it activates the relevant schema; Our body of knowledge on that particular topic immediately comes to mind.For example, when we see cows in a Far Side cartoon, we activate our bovine schema (stage 1). But when we notice the cows are inside the car while human beings are in the pasture grazing, there are now two mental representations in our conscious mind: what our preexisting schema mentally represented about cows and what we imagined from the cartoon (stage 2). By inhibiting the real-world representation (stage 3), we find the idea of cows driving through a countryside of grazing people funny. “I know about cows” becomes “wait, cows should be the ones in the field, not people” becomes an appreciation of the humor in an implausible situation.Funny is the subjective experience that comes from the resolution of at least two incongruous schemas. In verbal jokes, the second schema is often activated at the end, in a punchline.That’s not funnyThere are at least two reasons that we sometimes don’t get the joke. First, the punchline must create a different mental representation that conflicts with the one set up by the joke; timing and laugh tracks help signal the listener that a different representation of the punchline is possible. Second, you must be able to inhibit the initial mental representation.When jokes perpetuate a stereotype that we find offensive (as in ethnic, racist or sexist jokes), we may refuse to inhibit the offensive representation. Violence in cartoons is another example; In Roadrunner cartoons, when an anvil hits the coyote, animal lovers may be unable to inhibit the animal cruelty meaning instead of focusing on the funny meaning of yet another inevitable failure.This incongruity model can explain why older adults do not comprehend jokes as frequently as younger adults. Due to declines tied to the aging process, older adults may not have the cognitive resources needed to create multiple representations, to simultaneously hold multiple ones in order to detect the incongruity, or to inhibit the first one that was activated. Getting the joke relies on working memory capacity and control functions. However, when older adults succeed in their efforts to do these things, they typically show greater appreciation of the joke than younger adults do and report greater life satisfaction than those who don’t see the humor.There may be other aspects to humor, though, where older adults hold the advantage. Wisdom is a form of reasoning that increases with age and is correlated with subjective well-being. Humor is linked with wisdom – a wise person knows how to use humor or when to laugh at oneself.Additionally, intuition is a form of decision-making that may develop with the expertise and experience that come with aging. Like humor, intuition is enjoying a bit of a renaissance within psychology research now that it’s been reframed as a major form of reasoning. Intuition aids humor in schema formation and incongruity resolution, and we perceive and appreciate humor more through speedy first impressions rather than logical analysis.Traveling through timeIt’s a uniquely human ability to parse time, to reflect on our past, present and future, and to imagine details in these mental representations. As with humor, time perspective is fundamental to human experience. Our ability to enjoy humor is enmeshed with this mental capacity for time travel and subjective well-being.People vary greatly in the ability to detail their mental representations of the past, present and future. For example, some people may have what psychologists call a negative past perspective – frequently thinking about bygone mistakes that don’t have anything to do with the present environment, even reliving them in vivid detail despite the present or future being positive.Time perspective is related to feelings of well-being. People report a greater sense of well-being depending on the quality of the details of their past or present recollections. When study participants focused on “how” details, which tend to elicit vivid details, they were more satisfied with life than when they focused on “why,” which tend to elicit abstract ideas. For example, when remembering a failed relationship, those focusing on events that led to the breakup were more satisfied than those dwelling on abstract causal explanations concerning love and intimacy.One study found that people who use humor in positive ways held positive past time perspectives, and those using self-defeating humor held negative past time perspectives. This kind of study contributes to our understanding of how we think about and interpret social interactions. Such research also suggests that attempts to use humor in a positive way may improve the emotional tone of details in our thoughts and thereby our moods. Clinical psychologists are using humor as a treatment to increase subjective well-being.In ongoing recent work, my students and I analyzed college students’ scores on a few common scales that psychologists use to assess humor, time perspective and the need for humor – a measure of how an individual produces or seeks humor in their daily lives. Our preliminary results suggest those high in humor character strength tend to concentrate on the positive aspects of their past, present and future. Those who seek humor in their lives appear in our study sample also to focus on the pleasant aspects of their current lives.Though our investigation is still in the early phase, our data support a connection between the cognitive processes needed to mentally time-travel and to appreciate humor. Further research on time perspectives may help explain individual differences in detecting and resolving incongruities that result in funny feelings.Learning to respect laughterExperimental psychologists are rewriting the book on humor as we learn its value in our daily lives and its relationship to other important mental processes and character strengths. As the joke goes, how many psychologists does it take to change a light bulb? Just one, but it has to want to change.Studying humor allows us to investigate theoretical processes involved in memory, reasoning, time perspective, wisdom, intuition and subjective well-being. And it’s a behavior of interest in and of itself as we work to describe, explain, control and predict humor across age, genders and cultures.Whereas we may not agree on what’s funny and what isn’t, there’s more consensus than ever among experimental psychologists that humor is serious and relevant to the science of behavior. And that’s no laughing matter.By Janet M. Gibson, Professor of Cognitive Psychology, Grinnell CollegeThis article was originally published on The Conversation. Read the original article.last_img read more

Global health officials foresee threats to malaria progress

first_imgApr 25, 2012 (CIDRAP News) – To mark World Malaria Day, global health groups today warned that funding cuts could erode progress in fighting the disease, a point that was underscored by a new study that highlighted wavering support and a dramatic increase in disease activity in the Democratic Republic of Congo (DRC). The organization said the reasons for the malaria surge are unclear, though renewed political instability in some provinces may be playing a role and overstretched health systems may be at the root of the problems in others. MSF called on other international health organizations and the Congolese Ministry of Health to increase their prevention and treatment efforts. Doug Quarry, MBBS, MSc, medical director at International SOS, said in the statement that in West Africa, for example, some mining operations have reported up to 25% of the workforce sick with malaria over a given month. “Through a targeted, integrated malaria control program, businesses can protect employees, the community and their reputations against the risk of malaria,” he said. The WHO pointed out that maintaining current rates of progress won’t be enough to meet global malaria control targets, and it urged global health partners to boost their investments in diagnostic testing, treatment, and surveillance. It said countries in which malaria is endemic should ensure that every suspected case is tested, every confirmed case is treated with quality medications, and the disease is tracked through timely and accurate surveillance. They pointed out that, in India, for example, funding from the US Agency for International Development (USAID) for malaria eradication cut the number of annual cases from about 100 million in the early 20th century to about 100,000 by 1965. However, when the support ended, the country’s number of malaria cases grew to a peak of 6 million by 1976. Lapses in malaria control programs are the most common reason for malaria resurgence, according to a study published yesterday in Malaria Journal. A research team from the University of California, San Francisco (UCSF) and Johns Hopkins analyzed instances of malaria resurgence that occurred since 1930. They found that, of 75 instances, 68 (91%) were caused at least in part by weakened funding constraints, according to a UCSF press release. Meanwhile, Doctors Without Borders (Medicines Sans Frontieres, or MSF) today said a “massive” increase in malaria cases in the DRC is overwhelming the country’s medical system, and requires a stepped-up response, according to an MSF statement. It said its hospitals and health centers are reporting that in six of the countries provinces, the number of people treated for malaria has climbed 250% since 2009, with a steep rise in recent months. The researchers said their findings are notable, given that the international partnership Roll Back Malaria has estimated a $9.7 billion funding gap for malaria programs over the next 3 years. Today it unveiled the final two components of its latest technical guidance package, documents on surveillance for malaria control and surveillance for malaria elimination. Chan said in the statement, “We need strong and sustained political commitment from all countries where malaria is endemic, and from the global health community, to see this fight through to the end. Apr 24 UCSF press release US government health agencies today voiced their commitment to researching the disease and supporting the development of new diagnosis, treatment, and control tools. The National Institute of Allergy and Infectious Diseases (NIAID) in a statement highlighted 10 research centers that it has established in malaria-endemic regions and lauded a research group that it supported, which recently documented the spread of artemisinin-resistant malaria, building a case for new and improved malaria drugs. In addition, the World Health Organization (WHO) and other agencies announced new strategies to fight the disease. Justin Cohen, PhD, MPH, lead author of the study and senior technical advisor with the malaria control team at the Clinton Health Access Initiative, said in the statement that malaria programs have been successful in driving down malaria cases to very low levels, “but history demonstrates that gains can be lost rapidly if financial and political support is not sustained,” he said. “Finding ways to ensure continued funding for malaria control today will be crucial to building on gains of the past decade.” MSF said its teams treated more than 45,000 people who had malaria in 2009, and so far this year it has treated 85,000. Many cases, however, go untreated. The group said malaria is the top cause of death in the DRC and that the disease kills 300,000 children under age 5 every year. Apr 24 Malaria Journal abstract Apr 24 WHO statement He said the agency has played a key role in developing and improving tools used throughout the globe to battle the disease, including treated bed nets and house spraying, as well as a host of clinical resources such as diagnostic tests, effective drugs, and specialized treatment for pregnant women and their babies. In other malaria developments today, International SOS, a London-based company that helps business prevent and manage medical and disease risks for travelers, employees, and their families, today launched a malaria program that addresses prevention, control, diagnosis, and treatment, according to a press release. See also: Dr Jorgen Stassijns, an MSF malaria specialist, said in the statement that treatment outside of cities is especially scarce and is nonexistent in some areas. “Even when treatment is available, the drugs are sometimes inadequate or outdated,” he said. The WHO said in a statement that massive efforts to battle malaria with tools such as bed nets, insecticide spraying, and access to prompt medical treatment has cut deaths from the disease by a quarter globally and by a third in Africa since 2000. The group also tracked patterns related to increased disease intensity due to population movement or weather changes, as well as obstacles such as drug and insecticide resistance. Margaret Chan, MD, the WHO’s director-general, said the control efforts have saved 1 million lives. “This is a tremendous achievement. But we are still far from achieving universal access to life-saving malaria interventions,” she said in the statement. Tom Frieden, MD, MPH, director of the US Centers for Disease Control and Prevention (CDC), said in a statement that the CDC’s first mission when it began in 1946 was to control malaria in the United States. Apr 25 CDC statement Apr 25 MSF statement Despite the fall in malaria deaths over the past decade, the number of travelers and expatriates contracting the disease has increased. It said its research shows that malaria is a leading cause of death from infectious disease in expatriates and business travelers. Over the past 12 months, International SOS said it has conducted more than 45 international evacuations for its clients and has coordinated the treatment of many more. NIAID said work continues on the novel anti-malaria compound NITD609, first described by a NIAID-funded group, and that it is supporting eight vaccine candidates in clinical trials, including one that uses live, weakened malaria parasites administered intravenously to provoke a fast immune response against the disease. Apr 25 NIAID statement Apr 25 International SOS press release Frieden added that the CDC is working to ensure that current tools are deployed effectively and investigating new ways to track progress to ensure that investments are used wisely. “With increased knowledge, the right tools, and renewed commitment to decrease malaria, we can sustain gains made in the past decade and save lives,” Frieden said.last_img read more

James Storesund Named Counter Professional of the Year at The Arnold Group

first_imgSPENCER, Iowa – The Arnold Group of Companies recently recognized James Storesund from the Arnold Motor Supply Automotive Parts Store in Carroll, Iowa, at the company’s Counter Professional’s Meeting held Feb. 19 in Ft. Dodge.   Storesund was awarded the prestigious 2011 Counter Professional of the Year Award, which honors the top counter professional of the company for his or her “contribution, unselfish attitude and dedication to their store.”  He is a 44-year veteran of the industry and has been a counter professional with the company for 22 of those years.  Storesund is noted for his exemplary customer service and positive attitude.                AdvertisementClick Here to Read MoreAdvertisement,AAPEX’s annual in-person gathering has gone virtual in 2020. While some mourn the disruption to the industry, Vic Tarasik from Shop Owner Coach says there is real value to be captured from the virtual gathering. Together with ShopOwner editor Doug Kaufman, Vic provides a to-do list for making the most of the technical training sessions and product introductions scheduled for Nov. 3rd-5th. Go to aapexshow.com for more information.AdvertisementClick Here to Read MoreAdvertisementlast_img read more

East Hampton Teacher Making Masks

first_imgEast Hampton High School computer science coding teacher Urban Reininger with his face shield prototype. Independent/Urban ReiningerAn East Hampton High School computer science coding teacher is helping hospitals by making face masks and shields.Urban Reininger constructed them with the help of a 3D printer — a Creality 3D CR-10 from GearBest — and free design print to make it happen.“The more we come together to help support the cause the stronger we are,” Reininger said.He made his first face shield prototype using a 2-liter bottle of soda.East Hampton High School computer science coding teacher Urban Reininger with a face mask he made.“3D printing personal protective equipment shields to donate,” he wrote on Facebook, posting with the message a photo of his first prototype. “It needs a little work to make it faster to print.”Reininger credits Prusia Printers for the design, and said the printer he’s using is able to handle bigger file sizes, unlike his former MakerBot Replicator 2 desktop 3D printer.“I am looking to create a new file that might be faster and more compatible, and working on different designs,” he said, adding he’s now trying his models out with overhead projector transparencies. “I pack-ratted them away from the classroom teacher before me. They have a lot of life-hacker uses, but I never thought I’d use them for this.”He also tried sewing his own face masks, joking he doesn’t think he has the sewing skill to make them quick enough, as part of a Pins and Needles’ Million Mask Challenge, a global sew-a-thon to support healthcare workers and those in need.The teacher is planning to donate his face shields to Stony Brook Southampton Hospital to protect doctors and nurses from contracting COVID-19.Stony Brook University’s iCREATE lab has also stepped up to help defend healthcare workers from the novel coronavirus using 3D printers.Donations from Habitat for Humanity of Suffolk being delivered to Stony Brook University Hospital. Independent/Habitat for Humanity of SuffolkiCREATE, a program under the Division of Information Technology, supports innovative technologies within Stony Brook University’s Center for Excellence in Learning and Teaching to provide a hands-on environment of collaborative endeavors in order to spark creativity, innovation, and to ultimately redefine technological boundaries, engagement, creation, and innovation.The face shields, Interim Senior Vice President and Enterprise CIO Charlie McMahon said, are medically compliant, being reviewed by hospital personnel.“We are doing something positive to protect the health of the medical professionals that are helping the community,” McMahon said. “Being able to be a part of keeping our medical professionals safer is a really good feeling.”The iCREATE team has also designed certain parts of these face shields to be replaceable so that medical personnel can change them out, allowing for a more sanitized product.With current supplies, iCREATE is intending to make 800 face shields, and is currently in the process of procuring enough supplies to make up to 5000.Donations from Habitat for Humanity of Suffolk being delivered to Stony Brook University Hospital. Independent/Habitat for Humanity of SuffolkBettina Fries, chief of infectious disease at Stony Brook Medicine, reached out to her neighbor, Agjah Libohova, who is the director of research and development and engineer of a local Suffolk plastics production company, and asked for his help. She gave him her face shield, and he made the first prototype that night.Production with the company started last week, with Stony Brook being the first client.“These face shields will make us feel safer and show that Stony Brook tries everything to keep health care professionals on the front line safe,” Dr. Fries said.Members of the Habitat for Humanity of Suffolk staff also donated supplies to Stony Brook Hospital’s Trauma Unit.They were greeted by the smiles and grateful hearts of hospital staff members as they delivered 200 masks and 1750 disposable coverall suits.The masks were donated by Habitat for Humanity’s construction department and the disposable coveralls from Suffolk ReStore, the nonprofit’s donation center in Ronkonkoma, which previously received the supplies from Michael Mangiacapra of American Regent, a Division of Luitpold Pharmaceuticals, Inc.Suffolk ReStore also donated approximately 40 yards of fabric to be used to make homemade cloth masks for healthcare workers and staff. The fabric was previously donated to ReStore by Maharam, a textile company in Yaphank.Donations are playing a critical role in helping Long Island’s brave and dedicated healthcare workers during a time where there is a large demand and huge shortage of medical supplies.desiree@indyeastend.com Sharelast_img read more

Greece: Officials Invite Bids for Katakolo Port Development Project

first_imgPerifereia Dytikis Ellados has invited bidders to submit their offers for the Port of Katakolo development program.This project will include:a) Construction of a gravity quay wall using massive artificial boulders (M0M1) with the total length of 206m and a depth of -2.70m from the mean sea level (MSL);b) Construction of a gravity quay wall using massive artificial boulders (M2M3) with the total length of 62.40m and a depth of -1.50m (MSL);c) Construction of new domestic pier using armourstone with the total length of approx. 80m and expansion to the construction of the windward pier of the port by about 150m;d) New mooring/berthing island for cruise ships founded on reinforced concrete piles;e) Small-scale excavation of the basin to a level of -10.50m (MSTH) and re-backfilling of areas of the basin that have experienced erosion due to the actions of ships’ propellers.The total value of this contract is approx. EUR 10 mln (around USD 13 mln), and the tender deadline date is December 17, 2013.The project period is 15 months from the date of contract award.[mappress]Dredging Today Staff, November 15, 2013last_img read more

Alphaliner: Demand Keeps Boxship Oldtimers away from Breaking Yards

first_imgSteady demand in the second hand market has saved some of the older container ships from the breaking yard, including tonnage initially intended to be sold to scrap buyers, but eventually acquired for further trading as the charter market staged a mini recovery earlier this year, according to shipping industry analyst Alphaliner.The total capacity of container ships scrapped from January to August this year has fallen to only 95,000 TEU, compared to 323,000 TEU in the corresponding period of 2014.Only 54 cellular container ships have been scrapped so far this year, with an average size of 1,765 TEU and average age of 23 years. By contrast, a total of 130 ships were scrapped in the first eight months of last year, with an average size of 2,505 TEU at 22 years.The fall in scrapping figures is also related to tumbling scrap prices, down from a high of USD 500 per light displacement ton (ldt) last year to only USD 320/ldt currently, while average charter rates are 30% higher so far this year.Illustrating this trend, of the 16 Hapag-Lloyd container ships (dubbed ‘Old Ladies’) that the company announced it was planning to dispose earlier this year, only five were actually sold for scrap. The remaining 11 vessels were acquired for further trading. This included nine units aged 20 years or more, reflecting the continued market demand for older tonnage.last_img read more