Scorpio Agrees Scrubber Deals for Tanker Bulker Fleets

first_imgzoomIllustration; Image Courtesy: Pexels, Under CC0 License Licence Scorpio Bulkers and Scorpio Tankers, units of Scorpio Shipping Group, have signed letters of intent (LOIs) for the purchase and installation of scrubbers on the companies’ vessels.  The LOIs were inked with suppliers, engineering firms, and ship repair facilities and are subject the execution of definitive documentation, according to the two companies.Following its entry into an agreement to retrofit fifteen of its LR2s with exhaust gas cleaning systems, Scorpio Tankers has agreed LOIs to cover the purchase and installation of scrubbers on substantially all of its remaining owned and financed leased LR2, LR1, and MR tanker vessels — approximately 75 vessels — between the second quarter of 2019 and the second quarter of 2020.As informed, the scrubbers and their installation are expected to cost between USD 1.5 and USD 2.2 million per vessel, and the company anticipates that between 60-70% of these costs will be financed.“We have long maintained that the IMO 2020 regulations are both disruptive to the shipping industry generally as well as a powerful demand catalyst for product tankers. Although many well-capitalized and publicly-listed shipowners can source capital and publicize their intentions to pursue scrubbers, most of our industry cannot, and will rely on cleaner fuels to the benefit of ton-mile demand for product tankers,” Emanuele Lauro, Chairman & CEO, commented.“Irrespective, our focus remains on operating the most competitive fleet in our marketplace, and this has led us to carefully evaluate and ultimately opt for the benefits of fitting hybrid-ready scrubbers on approximately 90 ships in our fleet,” Lauro added.Scorpio Tankers currently owns or finance leases 109 product tankers with an average age of 3.2 years and time or bareboat charters‐in 13 product tankers.What is more, Scorpio Bulkers has agreed letters of intent to buy and install scrubbers on substantially all of its owned and finance leased Kamsarmax and Ultramax vessels from the second quarter of 2019 until the third quarter of 2020.The purchase and installation of the systems will also cost between USD 1.5 and USD 2.2 million per vessel. It is anticipated that between 60-70% of these costs will be financed, Scorpio Bulkers said. “Having cautiously and patiently evaluated various risks associated with this disruptive change to our industry, we are now confident that substantial savings can be realized,” Lauro further said.Scorpio Bulkers has an operating fleet of 57 vessels consisting of 56 wholly-owned or finance leased drybulk vessels, and one time chartered-in Ultramax vessel. The company’s owned and finance leased fleet has a total carrying capacity of approximately 3.9 million dwt.last_img read more

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Guillermo Del Toro Hollywood director live blogs his Hamilton experience

first_imgIt’s lured artists, and chefs, and scores of Torontonians. Now Hamilton has drawn famed Hollywood director Guillermo Del Toro, and he’s going public with his love.The director is live tweeting his experiences in the city — mostly around food and books — as he films The Shape of Water here. And he’s delighted residents by being effusive about it.“I know there’s a Seedy side of Hamilton- but you can feel a transformation from the last 5-6 years,” he tweeted, calling the city “full of promise and surprises.” Advertisement Twitter Login/Register With: LEAVE A REPLY Cancel replyLog in to leave a comment Advertisementcenter_img Facebook It’s not his first time here. Del Toro, known for films such as Pan’s Labyrinth and Hellboy, scouted locations for Pacific Rim. Two years ago, he filmed part of Crimson Peak at the Scottish Rite of Hamilton.Del Toro’s pro-Hamilton tweets drew excitement from residents, who crowded his mentions with gratitude and restaurant tips.“If you’re looking for a dinner guest, I’m available!” one person said. Guillermo Del Toro poses in Beverly Hills, California, in this December 18, 2006 file photo. The filmmaker who was directing two movies based on J.R.R. Tolkien’s “The Hobbit” has stepped down after two years on the project amid studio delays and schedule conflicts. REUTERS/Chris Pizzello/Files (UNITED STATES – Tags: ENTERTAINMENT PROFILE) Advertisementlast_img read more

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Jordan Spieths Grand Slam Chances

By capturing his second major of the 2015 season, U.S. Open winner Jordan Spieth has placed himself in some very elite company. It’s only the fourth time since 19581Roughly speaking, 1958 marks the beginning of the modern era of major championships; that’s when the PGA Championship adopted a stroke-play format. that the same player has won both of the year’s first two majors, and just the 13th time any player won back-to-back major titles.The conversation has quickly turned to Spieth’s Grand Slam chances. This has been the Year of Spieth on the PGA Tour, and a Slam would solidify his season as one of the best in golf history. And yet he’s not considered to be the best golfer on tour. Spieth is still the second-ranked player in the world behind Rory McIlroy, who is probably the better golfer on a per-round basis and has, in the past, won the two major tournaments remaining on the 2015 schedule.That’s why the betting markets consider McIlroy, and not Spieth, the favorite to win each of the season’s final two majors. After adjusting for the house edge built into betting odds, the sportsbook Bovada.lv assigns2To the best of our knowledge, Bovada only lists the players upon whom they’ve gotten action, and will release odds for other players upon request. The inclusion of additional players could slightly alter the house-edge adjustment we made, but those players’ odds of winning are so low that the change would be minimal at best. McIlroy a 13 percent probability of winning the British Open and an 11 percent chance of winning the PGA Championship; the site gives Spieth a 9 percent shot at winning each tournament.Those numbers are similar to the ones you’d see if you looked at how past back-to-back major winners did in their next two major tournaments. Of those who won back-to-back majors, only Tiger Woods — who won his “Tiger Slam” by capturing the 2000 U.S. and British Opens and the PGA Championship, plus the 2001 Masters — went on to win any of the next two majors, giving the group an 8.3 percent success rate per major.Of course, sometimes you can play well enough to win but run into another great performance. That’s when a method such as Bill Barnwell’s Z-scores is useful, because it tells us how well a player scored relative to the rest of the field on the same day. We can then use that number to track how often a player’s performance would be good enough to win a typical major against typical competition, which helps even out comparisons between fields of varying quality. And according to this calculation, the average back-to-back major champ’s Z-scores over his next two majors were good enough to win a generic major3From 1958 on. 11.3 percent of the time.No matter how you cut it, the odds of Spieth finishing off the Grand Slam are still fairly low — about 1 percent, if the probabilities above are any kind of guide.Even if Spieth doesn’t win the Slam, however, his future looks exceptionally bright. Back in April, we developed a model (based on the historical performance, by age, of people who won majors) to track Woods’s progress in his pursuit of Jack Nicklaus’s all-time majors record. If we plug in Spieth’s expected major count at year’s end — roughly 2.2, using the odds from Bovada — he’s currently on pace to finish his career with just under 12 major titles, a total that would rank third all-time if it came to fruition. (And remember, that’s just a mean projection — the variance around it means there are plenty of scenarios in which he wins more than 12.)Either way, it’s been an incredible start to Spieth’s career, Grand Slam or not. read more

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zeroHouse Speaks To The Conservationist And The Romanticist

first_imgAs if designing an energy-neutral, self-sustaining home for four was not enough for Scott Specht and Louise Harpman, of the NYC/Austin-based architectural firm Specht Harpman, the zeroHouse™ has even more appealing features… zeroHouse is prefabricated! Upper floor of zeroHouse, graphic. © Specht Harpman via Bēhance Network Upper floor of zeroHouse, graphic. © Specht Harpman via Bēhance Network Design of living room, zeroHouse graphic. © Specht Harpman via Bēhance Network Lower floor of zeroHouse, graphic. © Specht Harpman via Bēhance Network zeroHouse graphic. © Specht Harpman via Bēhance Network Lower floor of zeroHouse, graphic. © Specht Harpman via Bēhance Network Design of kitchen, zeroHouse graphic. © Specht Harpman via Bēhance Network Design of living room, zeroHouse graphic. © Specht Harpman via Bēhance Network Energy, water, and waste? No problem for the zeroHouse. The solar panels generate all the power, which is stored in a battery for a week, just in case the sun does not wish to shine. The beautiful bay windows are heat-mirror glass that is triple-paned to provide extra insulation, and the zeroHouse collects its own rain water and filters it in four 550-gallon cisterns. Waste is collected in an automated composting unit and used to feed the garden once a year.Automated? The whole house is automated and programmable to minimize electricity use. zeroHouse is even wired with sensors to communicate with your PC. zeroHouse is only 650 square feet but, as designed, every inch of the space is utilized. It does look to be quite comfortable inside. “People think they need a bigger house, but they may just need a better designed one,” Louise Harpman told the Austin Statesman. Below is the layout of the two-story zeroHouse: zeroHouse graphic. © Specht Harpman via Bēhance Network You say that prefab is not your style? Then perhaps you might be just a little tempted by these visions of where you can take zeroHouse by literally packing it up in an extra-large suitcase! zeroHouse graphic. © Specht Harpman via Bēhance Network Indeed the zeroHouse can be placed virtually anywhere, including in 10 feet of water and on hillsides with slopes up to 35 degrees, all due to its helical-anchor foundation that requires no excavation. And when you’re ready to move, you can literally pick up your stakes and go. Solar Home Built by Students zeroHouse graphic. © Specht Harpman via Bēhance Network This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. zeroHouse graphic. © Specht Harpman via TreeHugger.com More information: Specht Harpman — www.spechtharpman.com/Specht Harpman Portfolio, Bēhance Network — www.behance.net/Gallery/zeroHouse/302499Statesman.com — www.statesman.com/business/rea … enest-of-182527.htmlzeroHouse.net — www.zerohouse.net/ Explore further Design of kitchen, zeroHouse graphic. © Specht Harpman via Bēhance Network Citation: zeroHouse Speaks To The Conservationist And The Romanticist (2010, January 26) retrieved 18 August 2019 from https://phys.org/news/2010-01-zerohouse-conservationist-romanticist.html All of the zeroHouse electronics, construction materials, and fabrics are chosen for their durability as well as design appeal. Below are the living room and kitchen designs; color choice is wide. zeroHouse graphic. © Specht Harpman via Bēhance Network © 2010 PhysOrg.com zeroHouse graphic. © Specht Harpman via Bēhance Network zeroHouse will sell for approximately $350,000. Any takers besides me?___last_img read more

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