The Food and Agriculture Organization (FAO) has approved a US$7 million technical agreement grant to support a five-year development plan for the local dairy sector.Agriculture and Fisheries Minister, Hon. Roger Clarke informed that the five-year plan will include improvement in breed and pasture management. It is among a number of initiatives to resuscitate the country’s dairy industry.Mr. Clarke made the announcement, while addressing Sunday’s (August 4) opening of the 61st Denbigh Agricultural, Industrial and Food Show at the Denbigh Showground in May Pen, Clarendon.Among the initiatives to revitalise the industry is the offer of concessionary loans to dairy farmers for animal acquisition and path to development plan. The loans are available at an interest rate of five per cent; with a loan ceiling of $2.5 million to individuals, and $5 million for corporate entities.The Agriculture Minister informed that to date, 53 individual farmers and corporate entities have taken up loans totaling $84.5 million.The reintroduction of a herd recording programme to assist dairy farmers in making objective management decisions, is also part of efforts to improve the sector. The programme aims to aid the genetic evaluation of local dairy cattle to enable the identification of animals with high yielding potential.Mr. Clarke further informed that the Ministry has purchased and leased to farmers, with the option to purchase, five four-edge choppers with the objective to improve the efficiency of the use of harvested fodder.He said the Ministry will also provide assistance to farmers to alleviate the adverse impact of recent drought conditions, making available to farmers high yielding and nutritive fodder species to enhance milk production.“We will also be embarking on a collaborative effort with research and development in making conserve fodder available to dairy farmers in areas prone to drought to mitigate the adverse impact of the drought on animal production and productivity,” he stated.Meanwhile, Minister Clarke commended the Jamaica Dairy Development Board for its hard work and dedication and its continued efforts to revive the industry.“I am very pleased that we are beginning to see renewed interest in beef cattle production. In fact, there has been a slight increase in beef production, up from 2010 to 2012,” he remarked.He noted that it was also essential to address the issue of nutrition, both of dairy and beef cattle in a targeted and coordinated manner.To this end, he said the Ministry is developing and implementing an action plan to increase silage and hay production.“The availability of cattle feed on a year round basis and especially in times of drought is essential to maximise the nutrition of the animals and their ability to produce the desired levels of milk and meat,” Mr. Clarke said.“We are going to grow grass like we are growing crops, so that you can reap it and store it. So that when dry weather comes you don’t have to go and buy bag feed. You can get local, indigenous feeds to feed your animals to make you more competitive,” he added.He informed that through the Agro-parks programme, the Minister is in the process of planting sorghum and increasing the production of hay to ensure that locally produced cattle feed is consistently available.The Ministry is also in the process of initiating a cattle surveillance pilot project to reduce the impact of cattle theft. FAO has approved a US$7m technical agreement grant for the local dairy sector Story Highlights Among the initiatives to revitalise the industry is the offer of concessionary loans The five-year plan will include improvement in breed and pasture management
Cabinet has approved two contracts totalling $1.34 billion for Surrey Paving and Aggregate Company Limited, and West Indies Home Contractors Limited (WIHCON) to undertake work on the Hellshire housing development in St. Catherine.Speaking at Wednesday’s (July 19) post-Cabinet media briefing at Jamaica House, Education, Youth and Information Minister, Senator the Hon. Ruel Reid, said Surrey Paving will undertake civil infrastructure works on Hellshire phase two at a cost of $202,684,450.Additionally, he said a contract valued at $1.14 billion has been awarded to WIHCON for housing and infrastructure works on phase three.Meanwhile, Senator Reid advised that a contract in the sum of $1.5 billion has been awarded to M&M Jamaica Limited to undertake the Lathbury Barracks redevelopment project at Jamaica Defence Force headquarters, Up Park Camp, Kingston.The project aims to construct new integrated accommodation, office and storage facilities.M&M Limited has also been contracted to undertake civil infrastructure works on phases one and two of the Villages of Colbeck Castle housing development in St. Catherine at cost of $1.46 billion.A total of 595 serviced will be developed under both phases. Meanwhile, Senator Reid advised that a contract in the sum of $1.5 billion has been awarded to M&M Jamaica Limited to undertake the Lathbury Barracks redevelopment project at Jamaica Defence Force headquarters, Up Park Camp, Kingston. Story Highlights Speaking at Wednesday’s (July 19) post-Cabinet media briefing at Jamaica House, Education, Youth and Information Minister, Senator the Hon. Ruel Reid, said Surrey Paving will undertake civil infrastructure works on Hellshire phase two at a cost of $202,684,450. Cabinet has approved two contracts totalling $1.34 billion for Surrey Paving and Aggregate Company Limited, and West Indies Home Contractors Limited (WIHCON) to undertake work on the Hellshire housing development in St. Catherine.
Story Highlights The Minister added that he is particularly happy for the people of Good Hope, noting that there will certainly be trickled-down benefits for the community and, by extension, the town of Falmouth. Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Hon. Dr. Horace Chang, says the Government is playing its part in improving the tourism product by supporting quality attractions such as Chukka. Marc Melville, Chukka’s Director of Group Revenue and New Development, said the company is committed to maintaining an authentic Jamaican and Caribbean product of the highest standard. Minister without Portfolio in the Ministry of Economic Growth and Job Creation, Hon. Dr. Horace Chang, says the Government is playing its part in improving the tourism product by supporting quality attractions such as Chukka.Addressing tourism stakeholders at the grand opening of the Chukka Good Hope Adventure Park in Good Hope, Trelawny, on September 26, Dr. Chang said the infrastructural work being carried out in Falmouth is a testament to the Government’s commitment to ensuring that the town’s aesthetic appeal is given a boost.“We are getting the quality investments, so we have to ensure that the framework is also provided,” he said.The Minister added that he is particularly happy for the people of Good Hope, noting that there will certainly be trickled-down benefits for the community and, by extension, the town of Falmouth.“The owners have personally expressed to me the high number of local community workers that are employed at the attraction,” Dr. Chang said.Meanwhile, Chief Executive Officer (CEO) of Chukka Caribbean Adventures, John Byles, said the secret to his company’s success is very easy.“Our business model is simply to partner with property owners to host the range of Chukka attractions across Jamaica and parts of the Caribbean,” he noted.“The profit-share arrangement we have with landowners has served to achieve Chukka’s objective of showcasing the best properties and natural attractions in Jamaica and parts of the Caribbean,” Mr. Byles said.He pointed out that Good Hope is a 2,000-acre sugar plantation and riverside attraction, representing a US$4-million (J$520-million) investment made over 18 months.“This is the latest in an ongoing build-out of Chukka’s 10 Jamaican attractions and overseas locations in the Turks and Caicos Islands, and Belize,” he added.The new adventure park includes a 300-foot water slide, a 50-foot waterfall and a river walk area along a section of the Martha Brae. Other activities at Good Hope include a rainforest zip line, driving ATVs, gem mining for children, river tubing, kayaking, and visiting a bird aviary as well as tours of the great house built around 1755.Marc Melville, Chukka’s Director of Group Revenue and New Development, said the company is committed to maintaining an authentic Jamaican and Caribbean product of the highest standard.Meanwhile, the company’s Group Sales and Marketing Manager, Rallana Davis, pointed out that the various Chukka properties offer a variety of fun-filled experiences all over Jamaica, the Turks and Caicos Islands, and Belize.“In Jamaica, Chukka operates other properties at Lethe Estate on the Hanover/St. James border; Sandy Bay in Hanover; the Montpelier Jungle Outpost in St. James; Mayfield Falls in Westmoreland; and Cranbrook Rainforest Gardens, the original Chukka Cove location, White River Valley; and zip-lining over the Dunn’s River Falls in St. Ann,” she added.
Story Highlights The Auditor General was speaking to JIS News, following the 30th anniversary conference launch of the Caribbean Organisation of Supreme Audit Institutions (CAROSAI) at The Jamaica Pegasus hotel in New Kingston, on April 16. Auditor General, Pamela Monroe Ellis, says there is a need for greater use of international accountancy standards in the public sector, which are essential to providing transparency and accountability to the citizenry. The accrual basis of accounting conforms to the Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS) frameworks because it results in a more accurate representation of the financial results and financial position of a business. Auditor General, Pamela Monroe Ellis, says there is a need for greater use of international accountancy standards in the public sector, which are essential to providing transparency and accountability to the citizenry.Mrs. Monroe Ellis acknowledged that international accounting standards require the adoption of accrual accounting, rather than cash accounting, which is currently being practised in the central government and some public sector entities.The accrual basis of accounting conforms to the Generally Accepted Accounting Principles (GAAP) and the International Financial Reporting Standards (IFRS) frameworks because it results in a more accurate representation of the financial results and financial position of a business.“This is where we want to move. It (accrual accounting) is fundamental for informed decision-making,” she said.The Auditor General was speaking to JIS News, following the 30th anniversary conference launch of the Caribbean Organisation of Supreme Audit Institutions (CAROSAI) at The Jamaica Pegasus hotel in New Kingston, on April 16.The CAROSAI conference will be held between August 15 and 17, at the same hotel.The call for change in the accountancy process is being supported by President of the Institute of Chartered Accountants of the Caribbean (ICAC), Anthony Pierre, who believes the time is right for regional dialogue in the management of public funds and reform in public-sector financial management.As part of the conference launch, a memorandum of understanding (MOU) was signed between ICAC and CAROSAI, to initiate a partnership between both entities.The MOU is intended to support improved public-sector accountability through collaborative research, the exchange of knowledge and experiences, and the promotion of internationally acceptable standards and best practices in the accountancy profession.Mrs. Monroe Ellis, who also serves as Secretary General for CAROSAI, said the MOU “provides an opportunity for greater synergies in advocacy through a combination of professional expertise as well as influence”, which will lead to improvements to public financial management and governance.Meanwhile, General Manager for the Inter-American Development Bank (IDB) Country Department, Therese Turner-Jones, hailed the work being done by those in the accounting profession, describing it as ‘very important”.The IDB is providing financial and technical support for one of the component activities of the conference, which is the compliance procurement audit programme report-writing workshop.The workshop, which runs from April 16 to 20, seeks to provide guidance in writing impactful audit reports. It seeks to strengthen the capacity of CAROSAI member countries to be more effective in carrying out procurement audits and to deliver on certain agenda.Headquartered in Jamaica, CAROSAI, among other things, aims to increase the exchange of knowledge and experiences between member Supreme Audit Institutions (SAIs) and expand training and continuing education possibilities between SAIs.
President and Chief Executive Officer (CEO) of Sagicor, Christopher Zacca, is to chair a team to assist the Government and the Board of Petrojam to determine the strategic direction of the company.Prime Minister, the Most Hon. Andrew Holness, made the disclosure when he addressed the House of Representatives on July 10.“There is urgent need for a review, even more so when the organisation is losing focus and straying from the policy guidelines and placing public funds at risk,” Mr. Holness said.The Prime Minister emphasised that the Government cannot sit idly by “and allow this to happen”.“The Government must act, and we are acting to ensure that Petrojam can have a good solid future for the people of Jamaica,” he said.Among the factors that give rise to the need for this review are the non-cooperation of the Venezuelan partners to enable the start of the infrastructural upgrade, the effects of sanctions imposed by the United States on those who trade with Venezuela, and the quest for advantages from the penetration of renewables.The Prime Minister noted that the review will also assist in organisational restructuring to enable the entity to realise the plans cast.“I have already had discussions with Mr. Zacca… and consultations are under way with a view to the appointment of other qualified professionals to serve on the team. The terms of reference will be finalised in short order, and I expect to be in a position to announce the full members of this committee by the next sitting of Parliament,” he said.Meanwhile, Mr. Holness said the Government, by its actions, is showing its concern about the serious allegations made and has engaged a process that is designed to establish facts in the haystack of allegations.“Whatever we are able to verify with our limited powers of investigation and discovery, we have acted upon them and we have kept the public informed of our actions,” he said.“This Government is serious about building a culture of accountability. Accountability is a spectrum of actions starting with an agent (the Cabinet, the main agent of policy) reporting to a principal of authority (the Parliament from which government is drawn),” Mr Holness said.The Prime Minister also informed that the Auditor General will deliver her report to Parliament in short order. President and Chief Executive Officer (CEO) of Sagicor, Christopher Zacca, is to chair a team to assist the Government and the Board of Petrojam to determine the strategic direction of the company. Prime Minister, the Most Hon. Andrew Holness, made the disclosure when he addressed the House of Representatives on July 10. “There is urgent need for a review, even more so when the organisation is losing focus and straying from the policy guidelines and placing public funds at risk,” Mr. Holness said. Story Highlights
The month, which is observed internationally, will focus on the theme ‘Cybersecurity our Shared Responsibility’ with the sub-theme ‘Think Before You Click’. The Jamaica Cyber Incident Response Team (Ja-CIRT) in the Ministry of Science and Technology will observe its third national Cybersecurity Awareness Month in October. Speaking at a JIS Think Tank on Thursday (September 27), Head of Ja-CIRT, Dr. Moniphia Hewling, said that the month-long observation will be used to increase awareness among consumers, students and businesses. The Jamaica Cyber Incident Response Team (Ja-CIRT) in the Ministry of Science and Technology will observe its third national Cybersecurity Awareness Month in October.The month, which is observed internationally, will focus on the theme ‘Cybersecurity our Shared Responsibility’ with the sub-theme ‘Think Before You Click’.Speaking at a JIS Think Tank on Thursday (September 27), Head of Ja-CIRT, Dr. Moniphia Hewling, said that the month-long observation will be used to increase awareness among consumers, students and businesses.She said it will address specific challenges and identify opportunities to foster behaviour change. The month-long activities will get under way with a church service on September 30 at the Highholborn Street Church of God, downtown Kingston, starting at 9:30 a.m.Each week will have a different theme, with week one to focus on ‘Ensuring Safety at Home’. Ja-CIRT will use the period to highlight basic security measures that householders can take to protect themselves against cyberthreats.Visits will be made to schools and educational institutions during week two as Ja-CIRT sensitises students, parents, teachers and guidance counsellors about ‘Careers in Cybersecurity’.During the third week, emphasis will be placed on ‘Online Safety at Work’, and Ja-CIRT will highlight ways small and medium-sized businesses can protect themselves, employees and customers against cyberthreats.The final week will focus on safeguarding the nation’s most critical infrastructure such as finance, water, electricity, health systems and transport, and will underscore the roles that the public can play in helping to keep these safe.Other activities for the month include exhibitions, a jingle competition, social media campaign, school tours and training sessions for officers in ministries, agencies and departments.The major highlight will be Cybersecurity Awareness Day on October 26. Activities on the day will include a Business Leaders Breakfast Forum at The Knutsford Court Hotel, New Kingston, where Prime Minster, the Most Hon. Andrew Holness, will be the guest speaker.This will be followed by a road show in Mandela Park, Half-Way Tree, starting at 1:00 p.m.The month of activities includes collaboration with the Jamaica Constabulary Force (JCF) Counter-Terrorism and Organised Crime Investigation Branch (C-TOC), Fortinet, Universal Service Fund (USF), E-Learning Jamaica, and tTech Limited. Story Highlights
Story Highlights The University of the West Indies, Mona Campus mourns the passing of one of our Distinguished Fellows, Former Prime Minister, the Most Honourable Edward Phillip George Seaga. The Mona community extends its condolences to his widow Carla, also a member of the university community, his children and the rest of his family; we also express condolences to his colleagues, constituency members, friends and well-wishers in their time of bereavement.He served as leader of the Jamaica Labour Party (JLP) from 1974 to 2005 and was the fifth Prime Minister of Jamaica, a country he loved unconditionally and served for more than 40 years.His commitment to building bridges between the haves and the have-nots is the hallmark of the trajectory of his life as a nation-builder and can be measured by his long list of achievements as the longest serving parliamentarian.In addition to being the youngest member of the joint legislative team which crafted Jamaica’s Independence Constitution, he was the architect of the establishment of several institutions that transformed Jamaica’s potential for social and economic growth, and by extension, changed the lives of its people. These include, but are not limited to, the Development Bank of Jamaica (DBJ); the Jamaica Stock Exchange (JSE), The Export Import Bank (EXIM Bank), the Urban Development Corporation (UDC) and the Jamaica Unit Trust (JUT). He was integral in the establishment of the student revolving loan fund for higher education, now the Students’ Loan Bureau (SLB). His nation building efforts led to the establishment of social programmes and institutions such as The Golden Age Home for the Elderly, the National School Feeding Programme, and the Human Employment and Resource Training Centre (The Heart Trust/ NTA).His involvement in music and culture predated Jamaica’s independence, as he was passionate about the promotion of the beauty and depth of our cultural and musical heritage across the globe. He established the West India Records Limited (WIRL), to give poor Jamaicans a way to experience their own musical productions in relation to listening and incorporating dance. As a politician he used his good office to preserve our rich cultural legacy with the establishment of the Jamaica Cultural Development Commission (JCDC), their mandate being “To influence national development positively by creating opportunities that unearth, develop, preserve and promote the creative talents and cultural expressions of the Jamaican people, through a professional and dynamic team, thereby advancing brand Jamaica worldwide.”Following his retirement from politics, he joined us at The UWI Mona as Honorary Distinguished Fellow and conducted extensive research on child development and revivalist cults. He had several publications related to these areas – Grenada Intervention: The Inside Story; Revelations: Beyond Political Boundaries, Lectures 2005-2009; Parent-Teacher Relationships, published by the Institute of Social and Economic Research, The UWI; and Revival Spirit Cults published in the Jamaica Journal, a publication for which he was integral in its conception. The Jamaica Journal is now an internationally acclaimed scholarly publication of the Institute of Jamaica. He has left an incredible legacy to Jamaica for many generations to come by donating his papers and memorabilia, housed here at the Mona library.A leader of strong conviction and purpose, his influence on the course of life in Jamaica is undeniable. He was a cultural icon, a strong leader a champion of the oppressed. He was a man of action, and most importantly, a man of the people who had unwavering confidence in the ability of Jamaicans to overcome “inhospitable and unlikely odds.”We are eternally grateful that he chose to spend his life in service to Jamaica – all in an effort to build a nation of which its people can be proud.In light of his passing, the University flags will be raised at half-mast today and on the day he is laid to rest. He served as leader of the Jamaica Labour Party (JLP) from 1974 to 2005 and was the fifth Prime Minister of Jamaica, a country he loved unconditionally and served for more than 40 years. His commitment to building bridges between the haves and the have-nots is the hallmark of the trajectory of his life as a nation-builder and can be measured by his long list of achievements as the longest serving parliamentarian. The University of the West Indies, Mona Campus mourns the passing of one of our Distinguished Fellows, Former Prime Minister, the Most Honourable Edward Phillip George Seaga. The Mona community extends its condolences to his widow Carla, also a member of the university community, his children and the rest of his family; we also express condolences to his colleagues, constituency members, friends and well-wishers in their time of bereavement.
zoom McDermott International, Inc. announced today that one of its subsidiaries was awarded an Engineering, Procurement, Construction and Installation (EPCI) project for a customer in the Arabian Gulf. The value is approximately US$ 200 million and will be included in McDermott’s fourth quarter 2013 backlog.The contract includes the fabrication, transportation and installation of offshore facilities including two production deck modules and ten observation platforms. The scope also includes works for two subsea pipeline installations, three submarine power cables and two fiber optic cables.“Engineering work will be undertaken by the Dubai and Al Khobar offices, with construction and transportation from its Jebel Ali fabrication facility,” said Stewart Mitchell, Senior Vice President and General Manager, Middle East & Atlantic. “This project is a continuation of work we have previously completed for the same Client in the same field. Knowledge and experience gained over the years will give us a greater insight into the field characteristics and project execution requirements. We are pleased that our Client has shown continued confidence in McDermott with this award.”Installation will be carried out using vessels from its global fleet which are expected to mobilize in the end of the second quarter of 2014. Project completion, including hookup and commissioning, is expected during the first quarter of 2015. 此页面无法正确加载 Google 地图。您是否拥有此网站？确定 Print Close My location McDermott, November 20, 2013
zoom The Netherlands Ministry of Infrastructure and the Environment, Rijkswaterstaat (RWS), has chosen Kongsberg Norcontrol IT to deliver a state-of-the-art RADAR surveillance system for the Volkeraksluizen, Europe’s largest and busiest inland lock complex.Volkeraksluizen serves as an essential junction in the waterway connection between the ports of Rotterdam and Antwerp. It is not only Europe’s largest and busiest inland locks but also the world’s largest inland locks, with over 240 million tons passing through each year.“Volkeraksluizen is a vital link in the Netherlands waterways,” says Wiebe Schmitz, KNC Sales Manager, Netherlands. “Rapid processing of the traffic picture and reliable tracking are essential for the logistical chain between Rotterdam and Antwerp, as well as for managing the flow of traffic.”The system will use Kongsberg’s next generation C-Scope System to monitor vessel traffic in and around the Volkeraksluizen and to pilot ships into the locks. RADAR data will be integrated with the national AIS network for operators to maintain a clear, accurate, and reliable traffic picture.“We are very proud that Rijkswaterstaat has chosen Kongsberg Norcontrol IT to deliver this very important system,” says Schmitz, ”and we are eager to bring our expertise to the inland waterways of the Netherlands.”Delivery is scheduled for 2014. Print Close 此页面无法正确加载 Google 地图。您是否拥有此网站？确定 My location Kongsberg, November 25, 2013
My location zoom StealthGas Inc., a ship-owning company primarily serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced today as part of its fleet expansion program the acquisition of two newbuilding LPG vessels.Both vessels will be constructed in Japan. The first vessel is a 5,000cbm LPG carrier scheduled to be delivered in the fourth quarter of 2014; while the second vessel is a 3,500cbm LPG carrier scheduled to be delivered in the first quarter of 2015. This brings the total number of LPG carriers the Company expects to take delivery of from March 2014 to August 2015 to 17 for a total cost of approximately $345 million and the total value of its assets including the 17 vessels to approximately $1billion .Deposits of $75 million have already been paid and the Company intends to fund the remaining capital expenditure of approximately $270 million through bank finance and available cash. The Company has concluded negotiations with banks for firm commitments to finance 13 of these vessels for an amount up to $185 million, and has received indicative offers for additional bank finance of approximately $50 million for the remaining vessels including the two vessels whose acquisitions were announced today. The Company expects to conclude the remaining financing arrangements within the current quarter. The Company has entered into negotiations with the financing banks with respect to credit facilities under which balloon payments of circa $33 million are scheduled to be repaid during 2014 and based on their indications received expects to conclude the refinancing of such credit facilities within the second quarter of 2014.The Company also announced the conclusion of nine chartering arrangements for its LPG carriers. Six of them include purchase options by the charterer.The average Time Charter Equivalent rate for all these extensions excluding the two 7,200cbm vessels is approximately $285,000 per month whereas the Time Charter Equivalent rate for the two 7,200cbm vessels is $335,000 per month.With the above mentioned chartering arrangements charter coverage for the current fleet is elevated to 75% for 2014 and 41% for 2015. Three vessels are currently operating in the spot market. There are also three newbuilding vessels scheduled to enter the fleet in the second half of 2014 for which charters have not yet been arranged.The Company has also announced the hiring of two senior executives. Mr. Stavros Papantonopoulos has joined the company as Finance Manager. As a result, Mr. Harry Vafias will assume the role of interim CFO replacing Mr. Constantinos Sistovaris. Mr Papantonopoulos was previously employed by Goldman Sachs in New York followed by Eurobank Properties S.A. and before joining the Company he was a senior analyst for a well known US shipping fund. In addition, Dr. Diamantis Andriotis has joined the company as Chief Technical Officer (CTO) to oversee the technical management of the growing fleet and vessels under construction. Dr Andriotis was technical manager at Stealth Maritime and holds a Doctorate degree in mechanical engineering from City University, while he is also a member of the technical committees of some of the leading classification societies.Mr. Vafias commented “I would like to welcome both Mr. Papantonopoulos and Dr. Andriotis and believe that with their experience and vigor they will be valuable additions to our fast growing company. I would also like to thank Mr. Sistovaris for stepping in to provide his assistance at a time we needed to secure bank financing for our expanding fleet. We stay committed to growing this company further and in that respect have added two more eco newbuilds to our orderbook at a time when markets have been improving compared to the seasonal weakness experienced in previous quarters and now with 17 eco LPG carriers under construction with prompt deliveries we offer great optionality to our shareholders”. Print Close 此页面无法正确加载 Google 地图。您是否拥有此网站？确定 STEALTHGAS INC, February 3, 2014