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Visit One News Page for Marine news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Marine news headlines.

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    Slide Combines Aluminum and Stainless Steel To Deliver Corrosion Resistance, High Performance

    SANTA FE SPRINGS, Calif. (PRWEB) November 15, 2018

    Accuride® International, the world’s largest designer and manufacturer of sliding hardware, today announced the U.S. launch of its AL4160 Super Heavy-Duty Aluminum Slide – a strong but light solution that combines a full aluminum body with stainless steel components for diverse transportation and industrial applications.

    “We designed the AL4160 to address a market need for a slide that supports heavy loads and performs in harsh environments but also is lightweight, low-profile and competitively-priced,” said Sid Kalantar, Senior Vice President of Sales and Marketing for Accuride. “Our U.S. introduction follows eight years of successful customer use in Europe.”

    The AL4160 slide joins Accuride’s AL series of super heavy-duty aluminum-and-steel slides.

    Key benefits and features of the AL4160 slide include:· Lightweight and a high load rating (up to 661 lbs./300 kg)
    · Corrosion resistance – essential for moist and humid environments
    · A low profile (1.04” of side space)
    · Full extension

    The AL4160 is ideal for applications in transportation, outdoor environments and industrial production. For example, it can provide movement for:· Generator and battery compartments in large vehicles, including fire trucks and recreational vehicles
    · Enclosures for data storage and communications
    · Emergency vehicles and transportation (buses, trains, trams, heavy- and light-rail)
    · Heavy-duty equipment in factories and warehouses applications
    · Machinery and tool storage
    · Aircraft interior parts/aircraft seat parts
    · Marine applications

    More information:


    About Accuride® International:

    Founded in 1962 as a small tool and die shop, Accuride International is the world’s largest designer and manufacturer of sliding hardware. The company offers the broadest selection of movement solutions across markets and applications, as well as unmatched innovation, quality and dependability. Accuride produces light-duty, medium-duty and heavy-duty drawer and door slides for commercial and residential uses, and it is the leading producer of specialty slides. Reported by PRWeb 2 hours ago.

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    Rat tails demanded in return for bank loans in a small West Java town in Indonesia, a British lord on the dole in Australia and plans to bring Concorde to China made the headlines four decades ago this week. November 12, 1978 ● A Hong Kong seaman suspected of killing a shipmate in international waters was to be referred to a Marine Department Board of Reference following a two-day hearing into the grisly incident. According to a Marine Department official, the harshest penalty the board... Reported by S.China Morning Post 1 hour ago.

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    The NALA is working with Toys for Tots to ensure no child is forgotten at Christmas via a new initiative - Collective Cause Marketing.

    VENTURA, Calif. (PRWEB) November 15, 2018

    The NALA, a boutique marketing agency headquartered in Ventura, CA, has teamed up with a plethora of clients this holiday season to help Toys for Tots fulfill its mission, which is to collect new, unwrapped toys each holiday season and distribute them as Christmas gifts to children in need. The NALA’s collective cause marketing program encourages businesses across the country to collect during this time of year.

    Some of the NALA’s cause marketing champions that are hosting donation drives for Toys for Tots include Childs Law Firm, a Houston-area firm that is dedicated to legal guidance in the areas of family law, injury claims and employment law; and Colorado Springs Realtor Annette Virgil and The Virgil Team, of RE/MAX Properties, Inc. Other NALA clients that have picked up the Toys for Tots torch include Jay’s Fabric Center, in South Pasadena, FL; RE/MAX Realtor Susan Alaimo, in Hollywood, FL; and Higman Real Estate, located in Park City, UT.    

    The NALA and its sister company, STARKART, will be collecting toys for Toys for Tots from now until December 12. New, unwrapped toys can be dropped off at the office located at 1891 Goodyear Ave., Suite 620, Ventura, CA 93003. Additional STARKART/NALA offices collecting include their Encino office located at 5535 Balboa Blvd., Suite 210 and their San Diego office located at 8305 Vickers Street, Suite 209.

    “We have been helping small and medium-sized businesses stand out in their communities for over 30 years. Through our new collective cause marketing initiative, the hope is to not only help the business stand out, but make a bigger impact for the cause,” said Tiffani Tendell, Vice President - Communications and Business Development at the NALA, which has introduced a multitude of diverse small businesses to one of its many top-rated charity partners.

    Toys for Tots is a program run by the United States Marine Corps Reserve, which distributes toys to children who may not otherwise receive a gift for Christmas. It was founded in 1947, and since its inception the Marines have distributed over 530,000,000 toys to more than 244,000,000 children across the United States.

    In addition to Toys for Tots, which plays an active role in developing one of our nation’s most valuable resources, its children, the NALA’s charity partners include Soles4Souls, Operation Warm, The Greatest Generations Foundation, Teddy Bear Cancer Foundation, GlobalGiving, Operation Homefront, Dream With Me Foundation and StandUp For Kids.

    About the NALA™
    The NALA offers small and medium-sized businesses effective ways to reach customers through new media. As a single-agency source, the NALA helps businesses flourish in their local community. The NALA’s mission is to promote a business’ relevant and newsworthy events and achievements, both online and through traditional media. For more information or media inquiries, please call 805.650.6121, ext. 361. Reported by PRWeb 18 minutes ago.

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    · *The new Singapore Centre of Excellence for component repair and overhaul combines engineering knowledge to improve productivity and performance*
    · *Collaboration demonstrates Bombardier’s commitment to raising local rail capabilities and focuses on delivering advanced services solutions*

    BERLIN, Nov. 15, 2018 (GLOBE NEWSWIRE) --

    Note to editors: To view the photo associated with this press release, please visit the following link: 

    Rail technology leader Bombardier Transportation and ST Engineering’s Land Systems arm are proud to announce a new strategic partnership to build a Singapore Service Centre. As part of the partnership agreement, Bombardier and ST Engineering will combine their respective strengths in transportation design, manufacturing, engineering knowledge, maintenance, repair and overhaul expertise to drive cost-effective localized component repair capabilities for customers in Singapore, as well as regionally. These measures will improve the overall Service offering for Bombardier customers while strengthening its portfolio and providing customers greater options in support of their operations.

    Mr. Tan Peng Kuan, President of Commercial Business, ST Engineering’s Land Systems arm, said “The Singapore Service Centre is a step towards strengthening Singapore’s capability in rail maintenance and support services, and is testament to ST Engineering’s deep engineering capabilities. ST Engineering’s advanced diagnostics and maintenance, repair and operations (MRO) expertise not only ensures that there is reliable in-country support for transport operators in Singapore, our complementary capabilities in robotics and simulation systems also offer innovation engineering applications for improving efficiency and reliability to rail operations.”

    Commenting on the partnership, Jayaram Naidu, Vice President of Southeast Asia, Bombardier Transportation, said, “We are pleased to expand our presence and deepen our investment in Singapore with this state-of-the-art center which will help us to develop and deliver our services capabilities. This new service centre reflects our commitment to developing local talent and technical skills, key to constantly innovating and improving the solutions we provide. We understand the importance that our customers place on passenger safety and system performance, and we will further add value by improving total train performance for operators moving millions of passengers safely.”

    Over the last 20 years in Singapore, Bombardier has made significant contributions to improving mobility in Singapore. To date, it has delivered 276 driverless BOMBARDIER MOVIA metro cars for Singapore’s Downtown Line and 13 BOBMARDIER INNOVIA APM 100 automated people mover cars for the Bukit Panjang Light Rail Transit (LRT) system. Earlier this year, a new asset replacement contract was awarded to supply 19 new BOMBARDIER INNOVIA APM 300 cars, to retrofit 13 existing APM 100 cars, as well as to deliver a signalling system upgrade for 13 stops on the Bukit Panjang LRT Line. In addition, a new contract was recently awarded to supply 396 MOVIA metro cars for the high-capacity North-South (NSL) and East-West (EWL) Mass Rapid Transit (MRT) lines. The new order brings the number of MOVIA vehicles in Singapore to 672, making it one of Bombardier’s largest metro fleets in the world.

    *About Bombardier Transportation
    *Bombardier Transportation is a global mobility solution provider leading the way with the rail industry’s broadest portfolio. It covers the full spectrum of solutions, ranging from trains to sub-systems and signalling to complete turnkey transport systems, e-mobility technology and data-driven maintenance services. Combining technology and performance with empathy, Bombardier Transportation continuously breaks new ground in sustainable mobility by providing integrated solutions that create substantial benefits for operators, passengers and the environment. Headquartered in Berlin, Germany, Bombardier Transportation employs around 39,850 people and its products and services operate in over 60 countries.

    *About Bombardier
    *With over 69,500 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

    Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries across the segments of Transportation, Business Aircraft, Commercial Aircraft and Aerostructures and Engineering Services. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2017, Bombardier posted revenues of $16.2 billion US. News and information are available at or follow us on Twitter @Bombardier.

    *About ST Engineering
    *ST Engineering is a global technology, defence and engineering group specialising in the aerospace, electronics, land systems and marine sectors. The Group employs about 22,000 people across offices in Asia, the Americas, Europe and the Middle East, serving customers in more than 100 countries. Its employees bring innovation and technology together to create smart engineering solutions for customers in the defence, government and commercial segments. With more than 500 smart city projects across 70 cities in its track record, the Group continues to help transform cities through its suite of Smart Mobility, Smart Security and Smart Environment solutions. Headquartered in Singapore, ST Engineering reported revenue of S$6.62b in FY2017 and it ranks among the largest companies listed on the Singapore Exchange. It is a component stock of the FTSE Strait Times Index, MSCI Singapore, SGX ESG Transparency Index and SGX ESG Leaders Index.

    The Land Systems sector offers advanced and customised land systems and security solutions which have been proven to meet the stringent operational requirements of its customers. We design, manufacture and distribute armoured, autonomous and specialty vehicles, munitions and weapons, as well as robotics and unmanned systems. For more information, visit

    *Notes to editors
    *For news, related material and photos, visit our newsroom at Please subscribe to our RSS Feed to receive press releases or follow Bombardier Transportation on Twitter @BombardierRail.

    Bombardier MOVIA and INNOVIA are trademarks of Bombardier Inc. or its subsidiaries.

    *For information*

    *Media relations, India, Southeast Asia*
    Harsh Mehta
    +91 98 2080 2228 *Global media relations*
    +49 30 98607 1687

    You can also contact one of our worldwide contacts for specific press enquiries. Reported by GlobeNewswire 4 minutes ago.

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    Chinese cosmetics brand Perfect Diary debuts at the MASHAMA 2019 Spring/Summer show during Paris Fashion Week This event follows the brand's participation in the Milan Fashion Show

    GUANGZHOU, China, Nov 15, 2018 /PRNewswire/ -- Masha Ma, a well-known Chinese fashion designer who has debuted her collections at Paris Fashion Week for each of the last ten years, has unveiled her latest collection at this year's fashion event in Paris by partnering with Chinese cosmetics brand Perfect Diary, bringing more possibilities for personal expression to today's modern woman. The event marks the second time that Perfect Diary has taken part in a global fashion show on the heels of its participation in the Milan Fashion Show.Perfect Diary's cosmetic products showcased backstage at Masha Ma's show

    The MASHAMA 2019 Spring/Summer show, "Aceso's Practice", was held around the theme of the self-determination of female identities, in reflection of how modern women today have the power to define and reshape themselves.

    Masha Ma's collection showcased at this year's Paris Fashion Week utilizes cascading polished fabrics and reconstructed leather lace as well as colorful serpentine and floral patterns, while highlighting the female form via streamlined cutting and neat silhouette design. All of these design elements combine to showcase a modern woman's innermost emotions enveloped by a hard, protective shell.

    In addition, Masha Ma, in partnership with Perfect Diary, has introduced a co-branded package at the fashion show that consists of dreamy matte lip glosses in three selected colors, as part of her efforts to create the ultimate matte lip makeup kit for supermodels and assume a leadership role in the lip product market.

    The gift package uses marine blue as its basic color and features undulating and swaying flowers in a design inspired by the science fiction film Annihilation, reflecting modern women's embracing of colors and enjoying life by constructing multiple identities on their own.

    The close partnership between Perfect Diary and Masha Ma is the perfect embodiment of "Women are not born, but formed", the core theme of the MASHAMA 2019 Spring/Summer show.

    Perfect Diary, a brand established in 2016 by Guangzhou Yatsen C-commerce Company Limited, develops cosmetics, including makeup foundation, eye makeup and makeup remover.

    The young and fashionable Chinese cosmetics brand is committed to developing a series of high quality and elaborately designed cosmetic products for Chinese women, with a view to encouraging the young generation to enhance themselves by pushing boundaries and exploring more possibilities in life. 

    This philosophy is in line with Masha Ma's design concept of highlighting the female persona through delicate craftsmanship and structured profiles.

    View original content to download multimedia: Reported by PR Newswire Asia 9 minutes ago.

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    KEMP, Texas, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Larson Electronics LLC, Industrial lighting expert, has released a new explosion proof LED forklift zone light set that consists of three, 27-watt lights, ideal for hazardous locations such as warehouses and delivery bays. This set produces 2,350 lumens of intense blue light per unit to indicate the pathway of the forklift, warning pedestrians and other vehicles of ongoing operation.The EXHL-TRN-ZN-LE9-FKLT-BLU-KT.3X from Larson Electronics is a set of three, 27-watt explosion proof LED forklift zone lights which produces 2,350 lumens of intense blue light each, offering real-time notification to nearby pedestrians and works of ongoing forklift operation. Standard forklift warning systems have strobe lights that can hinder operator visibility and/or audible alarms which can irritate workers and pedestrians who must listen to the constant beeping. The EXHL-TRN-ZN-LE9-FKLT-BLU-KT.3X addresses both issues. At a height of 15 feet, the LED lamps each provide a 30` x 1.5` beam configuration and are mounted to the forklift via trunnion brackets.

    The EXHL-TRN-ZN-LE9-FKLT-BLU-KT.3X is suitable for ATEX/IECEX rated environments, as well as Class I Division 1 and 2; Class I Zones 1 and 2; Class II Division 1 and 2; and Class III work sites. This set is also NEMA Type 4X rated and supports IP66 ratings. Operating on 10-100V DC, these LED pedestrian safety lights are compatible with a range of standard forklift voltages, including 12V, 24V, 36V and 48V.

    Each light is constructed of copper-free aluminum and feature a tempered soda lime glass lens with an electrostatically applied gray powder epoxy/polyester finish. Forklifts can incorporate this explosion proof LED light set at the front, back or both ends of the forklift body for comprehensive illuminative safety.

    “Compared to laser safety lights, this explosion proof zone light set offers wider illumination for enhanced visibility,” said Rob Bresnahan, CEO of Larson Electronics LLC. “Also, using blue steady burn LEDs eliminates distracting strobing lights and constant alarms, while still efficiently notifying workers and pedestrians of the ongoing forklift operation.”

    *About Larson Electronics LLC: *Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.

    *For further information, please contact:*
    Rob Bresnahan, *President and CEO
    *Toll-free: 1-800-369-6671
    Phone: 214-616-6180
    Fax: 903-498-3364

    A photo accompanying this announcement is available at Reported by GlobeNewswire 19 hours ago.

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    The president did not make any Veterans Day appearances on Monday Reported by CBS News 17 hours ago.

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    For the tenth year, Embassy Suites by Hilton Temecula Valley Wine Country is partnering with Toys for Tots. Community members are encouraged to bring new, unwrapped toys to the hotel to donate.

    TEMECULA, Calif. (PRWEB) November 15, 2018

    For the tenth year, Embassy Suites by Hilton Temecula Valley Wine Country is partnering with Toys for Tots. Community members are encouraged to bring new, unwrapped toys to the hotel to donate.

    Showcasing its commitment to the Temecula Valley community, the Embassy Suites by Hilton Temecula Valley Wine Country announced today it is an official collection site for this holiday season’s Toys for Tots drive to collect toys to distribute to children in need.

    The Embassy Suites by Hilton Temecula Valley Wine Country hotel is participating along with all hotels owned and operated by Windsor Capital Group (WCG Hotels). In the tenth year of partnering with Toys for Tots, Embassy Suites by Hilton Temecula Valley Wine Country is proud to offer a Donate Toys for Tots rate. Guests can book the special offer through January 5th, to receive a rate that includes a personal $5 donation per stay. The hotel will then match with a $5 donation for a total contribution of $10 dollars. Additionally, the hotel is collecting spare change, new unwrapped toys, purchasing bicycles that guests can donate and promoting Train Cutout $1 donations as well.

    “We are very excited to partner with Toys for Tots for the tenth year in a row,” stated Victor Morgenroth, General Manager. “Our special accommodations package, along with the toy drop off stations at the Embassy Suites by Hilton Temecula Valley Wine Country will provide the hotel staff, guests, and surrounding neighbors a great opportunity to contribute to a charity that makes a tangible difference in our community during a time of year where financial hardships are felt most by children during the holiday season.”

    “WCG Hotels is helping Toys for Tots deliver the magic of Christmas to less fortunate children who otherwise might have been forgotten,” said retired Colonel Ted Silvester, Vice President of the Marine Toys for Tots Foundation.

    Toys for Tots, a non-profit public charity founded in 1947 by the United States Marine Corps Reserve, is dedicated to delivering new toys to less fortunate children in the community during the holiday season. Embassy Suites by Hilton Temecula Valley Wine Country is proud to partake in such a tradition and invites all guests and community members to join with them.

    The Embassy Suites by Hilton Temecula Valley Wine Country hotel will be collecting toys until December 17th. The hotel encourages everyone who is able to come in and donate an unwrapped, new toy or bike.

    For more information, including a list of all 10 WCG Hotels participating in the annual drive, visit

    Windsor Capital Group is a hotel management and development company that owns and operates full-service, focused, upscale branded hotels throughout the United States, with the Embassy Suites and Marriott flags. It also runs Windsor Management Services, a top-performing hotel management company that customizes hotel management services to meet the needs of the properties.

    Windsor Management Services is an award winning, comprehensive hospitality management organization that operates full-service, upscale hotel properties throughout the United States. With more than 30 years of experience to call on, Windsor Management Services is known for unmatched results for its owners and unparalleled service for its guests delivered with a personal connection.

    For more information visit or Contact is Paul Francisco, Chief Operating Officer at 310-566-1100 Reported by PRWeb 17 hours ago.

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    The president did not make any Veterans Day appearances on Monday Reported by CBS News 17 hours ago.

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    WASHINGTON (AP) — President Donald Trump is paying a visit to the Marine Barracks in Washington to meet with marines who responded to a recent fire at a public housing complex in the nation's capital.The September fire tore through... Reported by New Zealand Herald 17 hours ago.

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    SJS Executives is part of the inaugural class of HIRE Vets Medallion Program winners

    VIRGINIA BEACH, Va. (PRWEB) November 15, 2018

    SJS Executives, LLC (SJS), a Service Disabled Veteran Owned Small Business (SDVOSB) specializing in facilities maintenance and sustainment services for military and federal agencies, won an inaugural 2018 Platinum HIRE Vets Medallion Program Demonstration Award from the US Department of Labor in recognition of its veteran hiring practices and the career development options it offers to formerly active servicemembers.

    This award acknowledges that 25% of SJS's workforce is composed of veterans and SJS actively considers veterans for employment opportunities within every echelon and division of the business. For example, almost every employee in its J & J Powder Coating division is a veteran.

    "Everyone at SJS is tremendously proud and excited to receive this honor from the Department of Labor," says Chief Executive Officer (CEO) and majority owner Gino Gonzalez. "Our company has a culture of service and ethics that is informed by the military experience of our employees, and our customers ultimately benefit from that, because we are conscientious about providing reliable, trustworthy, quality solutions to support our customers' missions."

    The Department of Labor took into account SJS's annual charitable giving toward non-profit foundations that assist service disabled veterans with obtaining specialty support services, including EQUI-VETS of Virginia Beach, which uses equine therapy to help individuals healing from combat and service-related anxiety, depression and post-traumatic stress.

    SJS is 100% veteran owned. Gino Gonzalez is a service disabled veteran of the United States Navy who served aboard the USS Theodore Roosevelt (CVN-71). Roger M. LaPlante, co-owner and Chief of Operations (COO), is a veteran of the United States Marine Corps (USMC) who specialized in avionics systems on F-4 Phantom jets.

    SJS appreciates the special skills and talents its veteran employees bring to the company as a result of their military service, including their leadership and management acumen, and continuously seeks additional veteran job candidates for its more than 250 positions across 13 states. Reported by PRWeb 16 hours ago.

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    President Donald Trump is paying a visit to the Marine Barracks in Washington to meet with marines who responded to a recent fire at a public housing complex in the nation's capital. (Nov. 15)

      Reported by 16 hours ago.

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    President Donald Trump is paying a visit to the Marine Barracks in Washington to meet with marines who responded to a recent fire at a public housing complex in the nation's capital. (Nov. 15)

      Reported by 16 hours ago.

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    Two Navy SEALs and two Marine Raiders are facing charges of felony murder in the June 2017 strangulation of U.S. Army Green Beret Staff Sgt. Logan Melgar, 34, NBC News reported. Reported by Newsmax 14 hours ago.

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    A Marine Corps veteran who was listed as "unclaimed" after he died had hundreds show up at his funeral last week in Tennessee last week to make sure he wasn't forgotten. Reported by 15 hours ago.

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  • 11/15/18--11:48: Ship traffic, November 16
  • Ship traffic Due to arrive today SHIP FROM PORT ANL Tongala Papeete, Tahiti OAK Colombo Express Los Angeles OAK Georgia Highway San Diego RCH Glengyle Yangzhou, China SFO Maersk Evora Long Beach OAK President Truman Los Angeles OAK Due to depart today SHIP TO PORT CSL Tecumseh Port Unknown ANZ Ever Smart Taipei OAK Matsonia Honolulu OAK MOL Matrix Tokyo OAK NYK Aquarius Busan, South Korea OAK Rotterdam Express Long Beach OAK Source: S.F. Marine Exc Reported by SFGate 15 hours ago.

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    Three-time novelist Elliot Ackerman's latest book, "Waiting for Eden," explores the multiple dimensions of veterans’ lives after war, and what it means to love someone despite limitations and challenges. Reported by Christian Science Monitor 14 hours ago.

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    On the night of November 26, 2008, a bullet scraped Anil Nirmale's fingers, near Metro Cinema, Marine Lines. Nirmale, who worked for a television channel and was stationed on duty there, was engrossed in covering Ajmal Kasab's crazy gun-laced run. Ten years later, Nirmale can still feel the swoosh of the bullet as it ripped off the flesh from his palm. "I can even hear it all, the fear is still there," he told DNA, when this correspondent met him on Thursday.

    For Nirmale, surviving Kasab's wrath was like rebirth. "I thought I was dead then," he said.

    Nirmale had covered many extraordinary events as a cameraman earlier — from floods to bomb blasts and riots — but none came close to what this assignment entailed. In fact, on November 26, Nirmale had already packed for the day and reached his residence. "I was asked to return to duty and cover what seemed like a gang-war shootout then. For a long time, it was not clear what was really happening that evening," Nirmale recalled.

    The cameraman reached Metro at about 10.30 pm. He remembers seeing police vans everywhere and could hear gunshots. "This was unusual because at that time, it is usually a peaceful spot. "I saw a police jeep packed with police officials rushing towards CSMT station. We — as in all the media people standing there — were told to squat and secure ourselves. It was almost midnight when I saw the same jeep coming from the opposite direction this time and realised that something was wrong," recounts Nirmale.

    Sensing that there would be something for him to shoot, Nirmale took aim. "Terrorist Ismail was driving this police jeep and Kasab was firing from it. He fired a slew of bullets in our direction and one went through three fingers of my right hand. My camera fell and a terrible numbing sensation gripped my entire right limb. That is my last memory of that day."

    He was later operated on at JJ Hospital and for once, he who covers news himself became the news. "My family was shocked to see me on TV and my mother refused to believe I was okay till she saw me in person," smiles Nirmale. While recovery since has been difficult, Nirmale shrugs and says, "Life has to go on."

    Article Type: 
    Ketan Vaidya
    NEVER FORGET 26/11
    Anil Nirmale
    Metro Cinema
    Marine Lines
    Ajmal Kasab
    JJ Hospital
    Fri, 16 Nov 2018-05:25am
    Date updated: 
    Friday, 16 November 2018 - 5:25am
    Article Images: 
    Till date, Anil Nirmale has trouble forming a fist after his right hand was hit by bullet outside Metro on November 26
    Hemant Padalkar
    Short URL:
    Hide lead image: 
    Page views: 
    From Print Edition: 
    Highlights:  Reported by DNA 10 hours ago.

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    Pingtan Marine Enterprise to Hold Annual Shareholder Meeting on November 20, 2018 FUZHOU, China, Nov. 16, 2018 /PRNewswire/ -- *Pingtan Marine Enterprise Ltd. (Nasdaq: PME), ("Pingtan" or the "Company")* a global fishing company based in the People's Republic of China (PRC), today announced that the Company will hold its Annual Shareholder Meeting on November 20, 2018 at 10:00 a.m. China Standard Time. The meeting will be held at Pingtan Marine's headquarters located at 18 Floor, Zhongshan Building A, No.154. Hudong Road, Fuzhou, Fujian, 350001, People's Republic of China.

    At the meeting, the following proposals will be submitted for shareholder approval, as fully described in the proxy statement filed with the Securities and Exchange Commission and distributed to shareholders on October 19, 2018:

    · The election of two Class C directors to the Board of Directors; 
    · Ratifying the appointment of BDO China Shu Lun Pan Certified Public Accountants LLP as the Company's independent registered public accounting firm for the year ending December 31, 2018; and
    · transacting such other business as may properly come before the meeting or any adjournment or postponement thereof.

    Shareholders of record as of October 8, 2018 will be eligible to vote at the Annual Meeting.

    *About Pingtan*

    Pingtan is a global fishing company engaging in ocean fishing through its subsidiary, Fujian Provincial Pingtan County Ocean Fishing Group Co., Ltd., or Pingtan Fishing.


    Roy Yu
    Chief Financial Officer
    Pingtan Marine Enterprise Ltd.
    Tel: +86 591 87271753

    Maggie Li
    Investor Relations Manager
    Pingtan Marine Enterprise Ltd.
    Tel: +86 591 8727 1753


    The Equity Group Inc.
    Adam Prior, Senior Vice President
    Tel: (212) 836 9606

    Katherine Yao, Senior Associate
    Tel: +86 10 5661 7012 

    View original content: Reported by PR Newswire Asia 13 hours ago.

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    MONACO, Nov. 15, 2018 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company has accepted an offer letter to refinance a loan facility of $51.4 million secured by 4 vessels, part of which would expire in 2022, by extending the relevant tenor by 2 years and pushing back the balloon payments to 2024, concluding the Company’s refinancing actions.Upon completion of all loan documentation the repayment schedule of the Company on a pro-forma basis is presented in Table 1, in comparison with the repayment schedule as of September 30, 2018.

    *Table 1:  Repayment Schedules on an annual basis*
    *($ in millions)*
    * * *2018* *2019* *2020* *2021* *2022* *2023* *2024* *2025* *2026* *2027* *Total*
    Pro-forma schedule *12.5* *56.0* *62.9* *81.5* *83.1* *72.3* *193.8* *32.9* *1.3* *14.4* *610.7*
    Schedule as of
    September 30, 2018 *2.4* *64.5* *70.2* *133.7* *216.2* *19.5* *19.1* *14.1* *1.3* *14.4* *555.4*

    As of September 30, 2018, the total debt^1 of $555.4 million was secured by 37 vessels, whereas following the refinancing the total debt on a pro-forma basis is $610.7 million secured by 39 vessels. The average margin^2 following the refinancing is expected to be 211bps.

    The refinanced facilities contain financial covenants in line with the existing loan and credit facilities of the Company.

    Dr. Loukas Barmparis, President of the Company, said: “Having concluded the refinancing of our debt in close cooperation with our lenders, we believe that we have a comfortable debt profile which provides for one of the lowest cash break-even points in our industry for the following five years. Our consolidated leverage^3 was 55% for an 8.1 year average-aged fleet as of the end of the third quarter 2018. The additional liquidity will provide financial flexibility to us and is expected to be used for financing our environmental investments including scrubbers and ballast water treatment systems and for general corporate purposes including acquisitions.”

    ^1 Total debt includes deferred financing costs.
    ^2 Excludes sale and lease back agreements
    ^3 Consolidated leverage is a non-GAAP measure and represents total consolidated liabilities divided by total consolidated assets. Total consolidated assets are based on the market value of all vessels (before BWTS and scrubber installation), owned or leased on a finance lease taking into account their employment, and the book value of all other assets.

    *About Safe Bulkers, Inc.*
    The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine drybulk transportation services. The Company’s common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols “SB”, “SB.PR.C”, and “SB.PR.D”, respectively.

    *Forward-Looking Statements *
    This press release contains forward-looking statements (as defined in Section 27A of the Securities Exchange Act of 1933, as amended, and in Section 21E of the Securities Act of 1934, as amended) concerning future events, the Company’s growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for drybulk vessels, competitive factors in the market in which the Company operates, risks associated with operations outside the United States and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    *For further information please contact:*

    *Company Contact:*
    Dr. Loukas Barmparis
    Safe Bulkers, Inc.
    Tel.: +30 2 111 888 400
            +357 25 887 200

    *Investor Relations / Media Contact:*
    Nicolas Bornozis, President
    Capital Link, Inc.
    230 Park Avenue, Suite 1536
    New York, N.Y. 10169
    Tel.: (212) 661-7566
    Fax: (212) 661-7526
    E-Mail: Reported by GlobeNewswire 13 hours ago.

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