Vitol Wants to Privatize Latvian Shipping Company

first_imgVitol Netherlands B.V., a majority shareholder in Latvian Shipping Company (LSC), has proposed to delist and sell 200 million bearer shares of the shipping company, listed on Nasdaq Riga.The proposal is set to be discussed at the extraordinary shareholder meeting scheduled for December 20, 2017.Vitol Netherlands acquired 19.62 percent of the total voting capital in LSC in June this year, bringing its total shareholding to 69.56 percent.Latvian Shipping Company returned to the black having posted a net profit of USD 13.08 million for the first nine months of this year.The recovery from last year’s loss of USD 19.33 million booked in the same period was driven mainly from the reversal of the fleet revaluation loss and profit from sale of non-core assets, the company said.The company has a fleet of 16 ships, including 12 MR product tankers and four Handysizes.last_img read more

Peller Unity Cup Berths in Oyo State

first_imgThe competition which is aim at discovering talents among the youth in the region is scheduled for July 18 to August 3 at the Iseyin District Grammar School, Iseyin, Oyo state.Speaking at a press conference, held at the House of Chiefs, Secretariat, Ibadan, the sponsor of the tournament, Shina Peller of Aquila Group said about 300 will compete for the trophy where the winner will represent the region at the proposed Oyo State league. As part of activities marking the 20 years remembrance of the late Moshood Abiola Peller, a football competition, tagged-Peller Unity Cup will berth among clubs in Oke-Ogun area of Oyo State. Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegramcenter_img The competition will played across 10 local government axis of Oke-Ogun and will involve 300 players.He said, “this is the maiden edition of the Peller football Unity Cup among our youths in Oke-Ogun area, my passion is for football and that is why we choose football ahead of other sports.The winner will go home with N500,000, the second and third position will share N450,000 while both MVP  and top scorers will share N100,000.Meanwhile, Oyo state commissioner for Youth and Sports, Mr. Yomi Oke applauded the conviction of the sponsor to give back to his community.He said, “Sports is no longer business of government alone but we need individuals to promote the game of sports. What Peller is doing today would go a long way in the mind of our youth.”last_img read more

Toastmasters Month in Fort St. John

first_imgThe decision was made after the Mayor and Councillors met with all of the children from Fort St. John’s Majestic Flying Toasters Gavel Club, as well as Gavel Club Counsellor Joyce Hadland-Wesenberg.“They’ve been involved with taking part in the Santa Clause Parade back in November, and also upcoming with Toastmasters Month, we’re going to be doing a lot of advertising for Toastmasters, the young Gavel Club, and we’re also going to be set up on Saturday February 14,” Hadland-Wesenberg explained of their work within the community.Each of the children associated with the Majestic Flying Toasters – aged 9-17 – also had an opportunity to speak directly to City Council.- Advertisement -“During my time with Toastmasters, I’ve written three speeches, and I am currently working on another one about how society has twisted female self-perception on body image,” president of the Flying Toasters Brandon Braun said.Toastmasters International is celebrating 90 years of shaping public speakers, one of them being Councillor Bruce Christensen, and the local chapter is celebrating 20 years in Fort St. John.last_img read more