zoom Tanker owner and operator Scorpio Tankers has taken delivery of five newbuilding vessels.An LR2 product tanker STI Rose was delivered from Daehan Shipbuilding Co. Ltd, which, upon delivery, began a voyage for 14 days at approximately USD 30,000 per day.The newbuild deliveries include two MR product tankers, STI Tribeca and STI Gramercy, delivered from SPP Shipbuilding Co., Ltd. of South Korea. Upon delivery, each vessel has been chartered out to up to 120 days at approximately USD 18,000 per day.Finally, South Korea’s Hyundai Mipo Dockyard delivered two Handymax product tankers, STI Hammersmith and STI Rotherhithe. The Handymaxes began a time charter for up to 120 days at approximately USD 14,000 per day.Scorpio Tankers said it expects fourth quarter 2014 earnings per share to be within a range of USD 0.10 to 0.14 per share.This not including an aggregate write-down of USD 17.6 million, relating to the discontinuation of equity method accounting for its investment in Dorian LPG Ltd. as of October 29, 2014 and the designation of STI Harmony and STI Heritage as held for sale at December 31, 2014.Scorpio Tankers currently owns 62 tankers with an average age of 1.3 years, time charters-in 24 product tankers.The company has contracted for 19 newbuilding product tankers (nine MR and 10 LR2), five of which are expected to be delivered in the first quarter of 2015, ten in the second quarter of 2015 and the remaining four vessels throughout 2016
Over 100 of the world’s poorest countries will now be able to access leading food and agriculture journals for little or no cost with the launch today of the second phase of a joint United Nations-private sector initiative to provide yet one more tool in the fight against poverty and under-development. The Global Online Research in Agriculture (AGORA) project responds to the needs of thousands of students, researchers and academics in poorer countries, who continue to face challenges in accessing up-to-date information which is vital to their work.AGORA was launched in 2003 by the UN Food and Agriculture Organization (FAO), 37 leading science publishers and other key partners including the UN World Health Organization (WHO) and Cornell University, providing access to 69 low-income countries. Under today’s expansion it will now include universities, colleges, research institutes and government ministries as well as non-governmental organizations in an additional 37 lower-middle-income countries.“We have seen from the first phase of this initiative that there is increasing demand for access to vital information by poorer countries,” FAO Library and Documentation Systems Division Director Anton Mangstl said. “In less than three years, AGORA has already helped bridge the knowledge gap by providing 850 institutions access to over 900 journals in the areas of agriculture and related subjects.” Under the second phase, 37 countries with a per capita GNP of between $1000 and $3000 will be eligible. Institutions wishing to register will have a three-month free trial period before they are asked to pay an annual subscription of $1000. FAO will invest all subscription income into local training initiatives to help increase awareness and usage of AGORA amongst librarians and scientists.“AGORA is making an important contribution to the achievement of the United Nations Millennium Development Goals by providing essential information to improve the livelihoods of those who need it most,” FAO said, referring to referring to the targets of slashing a host of ills, such as extreme hunger and poverty, high infant and maternal mortality and lack of access to education and health care, all by 2015.