K Line Secures USD 407 Mn Financing

first_imgJapanese shipping company Kawasaki Kisen Kaisha (K Line) has decided to raise JPY 45 billion (USD 406.6 million) through a new subordinate loan.As informed, the loan proceeds will be used for the repayment of interest-bearing debts and capital expenditures mainly for vessels.In addition to the recently unveiled structural reforms, the company has been developing its core businesses through the ongoing rebuilding portfolio strategy, with an aim to expand the stable income business and achieve sustainable growth. The new financing has been described as one of the measures to accomplish that goal.The loan, valid from April 2019 through March 2054, has been agreed with lenders including Mizuho Bank, Development Bank of Japan and Sumitomo Mitsui Trust Bank.As explained, the subordination clause means that the creditors will have a claim subordinated to that of other senior debt creditors in the company’s liquidation, bankruptcy or other similar events.Earlier this month, K Line said in a revised forecast of consolidated financial results that it expects to record a net loss of JPY 100 billion (USD 895 million) for the year ended March 31, 2019.last_img read more

Greensburg Student Recognized For Academic Success

first_imgDouglas was selected as a member of the National Society of High School Scholars.Greensburg student Andrew Douglas was selected as a member of the National Society of High School Scholars.The Greensburg Daily News reporting Douglas is recognized for superior academic performance and community commitment.The announcement was made by National Society of High School Scholars Founder and Chairman Claes Nobel, a senior member of the family that established Nobel Prizes.Membership for Douglas now entitles him to a wide variety of scholarship opportunities and education benefits.The National Society of High School Scholars was formed in 2002 and there are currently more than 830,000 members in over 160 countries.last_img read more

Alpena man dies in house fire

first_imgAddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThisALPENA, Mich. — A house fire on Saturday claimed the life of one and sent another to the hospital.The Alpena Fire Department arrived on LaForest Ave. at around 11:20 a.m. to find fire and smoke coming from a broken front window of the house and both Mary and William Smith trapped inside. A city police officer and an off-duty firefighter initially tried to rescue them but was unsuccessful.Responding firefighters were able to remove the 76-year-old woman from the house and transport her to MidMichigan Health Center in Alpena. Fire Captain, Andy Marceau was one of the first on the scene. “We were able to get one victim out initially and transported to a Michigan medical center, and then we performed another attempted rescue and we were unable to get the second victim out,” he said.A city police officer was injured while attempting rescue and was treated and released from the hospital. Investigation has determined that the fire most likely started in the front room where the couple was sitting. The cause is believed to be 84-year-old Mr. Smith’s oxygen system catching fire from him smoking.There were also no working smoke alarms in the house.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to MoreAddThis Tags: Alpena Fire DepartmentContinue ReadingPrevious MSP encouraging community members to “Be Bold, Get Cold” for polar plungeNext Representative Sue Allor invites residents to office hourslast_img read more

Lakers’ focus is on development, front office

first_imgHere, I don’t mean stories about Magic Johnson’s headline-spewing drive to stomp his way to the top or Jim Buss’ sad departure or the complete crumbling of the sibling-run front office once envisioned by a beloved and dying Jerry Buss.I’ve already written a few of those columns, with more no doubt coming soon enough. That’s one Lakers topic in which I know readers, loyal or otherwise, have interest.No, I’m talking about the Lakers, the actual players, this collection of enticing and maddening young guns, trade-deadline trinkets and, for reasons I still don’t quite understand, Timofey Mozgov.For years, which is to say forever before the 2013-14 season, writing columns on the Lakers was, to use a familiar term, a slam dunk. It was impossible to tell enough tales or express enough opinions about an iconic, always contending, perpetually relevant franchise.The Lakers were, by every possible definition of the word, storied. Bryant wasn’t just a clutch performer for the team; he also was a go-to topic in crunch time for every writer around the team.And when Shaquille O’Neal and Phil Jackson were here, too? Well, I could have sprouted two more hands and still not written everything there was to write on the Lakers at the time.But now…After the loss Tuesday, coach Luke Walton talked about playing 19-year-old rookie Brandon Ingram late in a game the Lakers could have and probably should have won.“We need to get him (that experience) now,” Walton explained, “so that when he trains in this offseason he kinda knows what to expect going forward in his career.”That’s where the Lakers are now and rightfully so, making decisions not about today or this season or even any season.They’re making decisions about the coming offseason, this summer when Ingram and all their other young players absolutely must continue to develop.Here’s also where the Lakers are presently: Before the game Tuesday, Walton discussed the importance of keeping DeMarcus Cousins off the free-throw line.Then, on the Kings’ first possession, 18 seconds into the opening quarter, Tarik Black fouled to put DeMarcus Cousins on the free-throw line.By the time the game was over, Cousins had shot 19 free throws, four more than all the Lakers combined. Walton later called the opening sequence “a teaching point.”These Lakers are, as the cliche smartly goes, a work in progress. But every team every season, including those Lakers during their title-winning seasons, constantly evolves.The difference between then and now, of course, is that then the Lakers were advancing deep in the playoffs and now they’re just sinking deeper in the standings.Knowing where the season is going makes for much more interesting storytelling when the season actually is going somewhere. With the Lakers still adrift, it’s sort of like critiquing a painting that’s not even half done.I know this team remains popular, statistics showing that the Lakers are by far the most liked NBA franchise on Facebook.Despite plenty of empty seats Tuesday, they officially continue to play before 99.2 percent capacity at home, while only the Warriors, Cavaliers and Thunder have been better as road attractions.On Wednesday, Forbes magazine reported that the Lakers are the second-most valuable franchise in the league behind the Knicks.But still, I wonder. Do you want to read columns on a team heading toward another 50-plus defeats?Or is it better to focus on the front-office drama as the players continue developing, well aware their 2016-17 fate was captured best against the Kings when, in one game-swinging second-half surge, they were dunked on by the legendary Kosta Koufos? LOS ANGELES >> This column is about the Lakers, the basketball team.But it’s also about you, the loyal reader.This week, I ended a drought that, genuinely months ago, reached a career-high total.I attended a Lakers game on Tuesday at Staples Center against Sacramento. Surprise; they lost. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersThe last Lakers game I went to was Kobe Bryant’s last Lakers game as well. Roy Hibbert was one of the other starters that night for coach Byron Scott. It was 10 months ago.Normally, I would have covered the team’s home opener in late October. But my colleague, Mark Whicker, went instead.I thought about going a few other times, particularly after the Lakers beat Atlanta early and then Golden State and, 20 games into the season, were a stunning 10-10.But then they lost eight in a row and 12 of 13 and I started thinking about you, wondering if anyone out there really cared to read opinions about a team on its way to a fourth consecutive terrible record.As the Lakers and the rest of the NBA now break for the All-Star Game, I’m still wondering. So, you tell me, do you want to read columns about this current version of Lakers?center_img Newsroom GuidelinesNews TipsContact UsReport an Errorlast_img read more