An Honest Review of Smartwool’s New Intraknit Base Layer The Best CBD Coffee Brands for Energy Without the Jitters Bundle Up Right Now With the Best Sweaters for Men How to Use a French Press Coffee Maker When Jackie Ardery and Mike Moyle, a retail merchandising executive and a tech-savvy internet security manager, discovered that they not only shared a love for each other, but also for cold brew, the married couple immediately embarked on a journey tasting the different varieties on the market, taking notes on each one. They even began giving coffee to each other as gifts. Soon, their fridge was filled with jars of cold brew. Next thing they knew, everywhere they went, they were giving tips on where to find cold brew.So they decided to turn their passion into a business that turned into Cold Brew Kitchen, a one-stop shop for all things cold brew — coffee, drinkware, and accessories. “We created this brand because when we started home cold brewing, we couldn’t find direction on what coffees to buy,” said Ardery. “Coffee is personal, of course, but over the years we found we kept coming back to similar roast profiles and origins that made great tasting cold brew every time.” Cold Brew Kitchen sources their beans, which are medium to dark-roasted blend, from South America. “One of the things that makes our offering unique is that it is the only full line of coffees that have only been tested for taste using the cold brew method,” said Ardery. “The offering is balanced, from the everyday Reserve Blend up to our Specialty Grade Limited Edition, sourced in small quantity by Thrive Farmers. All the varieties of Cold Brew Kitchen brand are coarse ground for cold brewing, which is unique in the market.” And what are Ardery and Moyle’s secrets to the perfect cup of cold brew? “There is no real secret to making a good batch of cold brew, except that you must start with great tasting water (filtered is best) and we recommend steeping for 12 hours,” said Ardery. “One thing people don’t readily know is that you can experience the health benefits of cold brew by steeping it, then heating it up on a stovetop or microwave if you prefer hot coffee. Another thing I love about cold brewing is that depending on your level of consumption, you’re making it for several days or more than a week. Our favorite thing is waking up and knowing we are headed right to the kitchen, no stopping to prepare anything.”For more information, visit coldbrewkitchen.com. Editors’ Recommendations The Nomadic Beer Maestros of Evil Twin Brewing Find a Permanent Home in Queens
14 Best Outdoor Stores in the United States Packable adventure gear brand Matador is doing us a huge solid by making outdoor products that make us say “Torro! Torro!” to the daunting mountains and molehills we set out to explore.Founded by a former Senior Product Designer at GoPro, Chris Clearman took his design prowess to the world of outdoor solutions to innovate bags and blankets that fit the needs of a true, unadulterated adventurist. Whether it’s a weekend trip to Boston or an endurance trek at Machu Picchu, Matador’s mission is to “bring on the elements.” Its method? Get a gang of outdoor and adventure wildcards and have them do all the designing and testing.It all started as a simple pursuit to make a pocket-sized blanket in the confines of a 10 x 10-bedroom operation in San Francisco. The team was fed up with using their own jackets as blankets to sit on in the park or at a hike rest-stop. We’d bet money if you spend time outdoors you’ve run into the same problem.After uprooting to the adventurists basin of Boulder, Colorado in 2015, Matador swelled into a roughly 10-item range of drool-worthy and hyper useful duffels, packs, blankets, and camera carriers. Founder Clearman told The Manual that after the shocking success of the pocket blanket, “I was shopping for a trip and noticed I couldn’t find a single packable backpack that I actually wanted. It was all cheap junk, not real gear. I sat down and started designing one myself.”You can also credit some of Matador’s product expansion to its burgeoning ambassador team of 14 or so, including Hawaii-based photographer Kevin O’Reilly, graphic designer/mountain man Joel Matuszczak, and others with the literal job title of athlete, filmmaker, photographer, and thrill-seeker.Between the in-house crew and remote ambassadors, Matador’s vibe definitely has some kick behind it. When asked why all its products are gray, the initial response from their design team was, “because gray is the right color.” Once elaborated, you get a gist of just how proficient this brand is at hitting adventure on the head, and doing it with attitude. They added that gray doesn’t show dirt like white or black, it isn’t polarizing like orange or green, stylistically fits in the woods or city, and unlike white, can be worn after Labor Day.If you’re asking how exactly this team of misfits made Matador take off, assuming they took to Kickstarter or Indeigogo, we’ll correct that misconception with a sturdy hell no. Matador was created as a pure bootstrapped start-up, without outside influence from suits and investors. In today’s world of wannabe outdoor companies, this is almost unheard of… and largely why Matador’s products kick so much ass and have amounted a hardcore group of loyal followers.If you need another indicator of Matador’s popularity and design savvy, go try to buy its signature Transit30 Duffel, Daylite16 Backpack, or Camera Base Layer. Each adorn a harrowing Sold Out sign, and will be that way until mid-January 2017.That’s because pieces like the Transit 30 Duffel fit into your palm while being a 30-liter pack made of waterproof (not water-resistant, gents) siliconized Cordura ripstop material. For reference, Cordura is used amongst high-quality outdoor brands Black Diamond, Big Agnes, Eddie Bauer, Carhartt, and Astral.Another item to swoon over is the ultra lightweight, 68 grams (that’s lighter than an egg) Camera Base Layer, which looks like a down sleeping bag for your DSLR. But in the re-stocking meantime, we’re getting our hands on Matador’s most expensive pack, the Beast28 Packable Technical ($89.99), its Droplet Wet Bag ($14.99) (because we don’t recommend putting your sweaty cotton shirt with the rest of your dry clothes), and the always essential Matador Mini pocket blanket ($19.99). It’s about god damn time I stop using my technical baselayer as a blanket.Photos courtesy Matador. Editors’ Recommendations 14 Scandinavian Clothing Brands You Need to Know Rumpl NanoLoft Puffy Blanket is Made Entirely Out of Recycled Material It’s Time to Ditch Your Sleeping Bag for a Versatile, Lightweight Camping Quilt The Mission Workshop Khyte Sets a New Standard for Messenger Bags
Everywhere you look in fashion today, there are new activewear labels popping up on every street corner – way too many if you ask Dusk founder Jordan Schiff.It’s a genre of clothing that has become increasingly crowded and ultimately has strayed away from what activewear is supposed to be–simple–and do–perform.Schiff wanted to create an activewear line that stayed true to the concept of simplicity without sacrificing quality. Schiff has been involved in the industry for several years and has served as an adviser to brands such as Saturday’s Surf NYC, The Elder Statesman, and Band of Outsiders. He was also a merchandising director for Vince and prior to that, Jordan was the General Merchandise Manager of American Apparel and worked as a merchant at Urban Outfitters. He decided to branch off and launch Dusk because he saw an opportunity in a market that has been overly saturated with cheap, tricked-out athletic gear that fails to get the job done.Dusk activewear is suitable for an everyday jog around the block or a grueling marathon that tests your limits. It was designed for rigorous use without looking overly flashy and exotic because activewear isn’t supposed to be “cool.” It’s made for the purpose of performance for active people like ourselves. The brand differentiated itself from the competition by finding the perfect balance between simple, minimal, and quality basics that look good and perform wherever our active lives take us.All of Dusk’s products are made with high-quality materials sourced directly from Italy, Japan, Switzerland, and the United States, while everything is manufactured in both the United States and Portugal. Each item is carefully designed with a minimalist touch and outfitted for performance, function, and everyday wear. For Schiff, “Dusk is a brand for people who are fanatic about running or whatever makes them sweat, and equally specific about what they buy. It’s about having the right things – not a lot of things.”Check out the Dusk Collection below.Fifty Tee in Black – $65Fifty Tee in Grey Purple – $65 Fifty Tee in White – $65 Seventy Seven Tank in Black – $95 Editors’ Recommendations Eighty Eight Compression Leggings in Black – $165 All 21 Six Flags Parks in the U.S., Ranked 11 Best Gins for a Refreshing Gin and Tonic Twenty Two Short 5″ – $125Twenty Two Short 7″ – $125 Seventy One Hooded Sweatshirt in Black – $225 14 Best Outdoor Stores in the United States The Best CBD Coffee Brands for Energy Without the Jitters The Best Bottles of Whiskey You Can Buy For $20 or Less
Take Action Today to Preserve the Independent Travel Agent Business Model If you are a Travel Professional in the state of California, you may or may not have heard of some actions being proposed by the state legislature. Travel Professionals who own and operate their own business in the State of California have legal obligations to correctly set up and run their Travel Agency. Under this proposed legislation, the state is attempting to further define a “Independent Contractor” and “Employee.” The California Coalition of Travel Organizations [CCTO] is issuing a “call to action” urging California travel agencies, tour operators and their independent agents to contact their state Senators and Assembly Members. California legislators are considering legislation to enact new laws determining when workers are considered “independent contractors” and when they are considered “employees.” The request is that state Senators and Assembly Members take action to ensure that legislation addressing the Dynamex decision clearly states that independent agents under the state’s Seller of Travel Law are independent contractors. Since the inception of the California Seller of Travel Law 25 years ago, this state consumer protection law has acknowledged independent agents – who are primarily women and are all small business owners – as an integral part of the travel industry. They:Set their own hours and schedulesSet their own ratesSelect the customers with whom they will workAs entrepreneurs, select and market their own brandsMay choose to affiliate with more than one host agencySelect the services they desire to sellMay decide to specialize in specific types of travel servicesSelect the service providers whose products they desire to sellHave unlimited earning potential Few, if any, of these important factors would be available to these independent small business owners were they to be forced into an unwanted employee relationship. CCTO estimates there are tens of thousands of persons who are providing travel services as small businesses in conformance with the Seller of Travel Law. This is now at risk due to a recent court decision. The “B” criteria established in the California Supreme Court’s April 2018 Dynamex decision would result in these small business owners being considered employees. Click Here to View the CCTO Call to Action Document Click Here to Find Your California State Legislators About the California Coalition of Travel OrganizationsThe California Coalition of Travel Organizations [CCTO] is a nonprofit state government relations coalition of national, state and regional associations and consortiums of travel agents and tour operators. CCTO member organizations include individual California chapters of the American Society of Travel Agents, as well as United States Tour Operators Association, Student Youth Travel Association, Signature Travel Network, WESTA, Ensemble, PATH, Travel Leaders Network, and Virtuoso. CCTO has been actively lobbying in the State Capitol since its formation in 1987 and sponsored the legislation enacted in 1995 that established California’s Seller of Travel [SOT] Law and its landmark Travel Consumer Restitution Fund.
Ft. Lauderdale, Fla. – March 1, 2016 – The travel industry is seeing a sharp rise in demand for travel professionals as time-strapped consumers opt for help in planning more intricate and customized vacation options that require greater attention to detail and less do-it-yourself planning on their part. Consumers seeking value-driven, authentic experiences are turning to companies such as Avoya Travel®, one of the world’s leading travel networks, to plan their ultimate dream trip. With this surging demand by consumers for professional vacation planners, the more than 750 Independent Agencies in the Avoya Network continue to surpass the competition and reach higher sales volumes and customer satisfaction with the highest commissions, innovative marketing, and technology. A recent analysis revealed that on average the sales of Independent Agency members in the Avoya Network were up to 12 times more than other leading travel networks, producing the industry’s highest agency commissions. Avoya attributes its continued growth and success of Independent Agencies in the network to its Shared Success model and groundbreaking technology which includes the industry-first and only Live Leads™ program, Avoya Advantage™ marketing and innovative customer experience platforms to create highly valuable, mutually beneficial relationships between customers and Independent Agencies in the Avoya Network. The Avoya Live Leads program generates new customer leads on behalf of its network members that are available exclusively for Avoya Independent Agencies. Using a refined, complicated and patented algorithm, the Live Leads program offers new customers 24-7 access to professional vacation planners in the Avoya Network in a way that ensures high levels of customer satisfaction, repeat and referral bookings and high sales for the Independent Agencies in the Avoya Network. “My independent agency sold over $400,000 in my first three months with the Avoya Network,” said Ann Kent, owner of Sea Ya Travel, who joined the Avoya Network in July 2015. “I used to sell real estate, but I always dreamed of owning my own successful travel company. This January alone I booked $297k and I’m now on track to sell $2 Million in my first year in travel! With Avoya’s support, technology and their amazing Live Leads program my dreams have been realized.” Avoya employs up to 17 times more support staff per Independent Agency member than other leading host and franchise organizations. Avoya’s staff is committed to offering support and helping with the aspects of running a business that take time away from selling so that Independent Agencies in the Avoya Network can focus more on planning vacations for today’s more discerning, informed and affluent customers while building a large roster of lifetime clients. In addition to its high ratio of support staff to Independent Agencies, Avoya provides extensive resources for its network to earn unrivaled sales levels. Agent Power™, Avoya’s award-winning proprietary Travel Agency Operation System™, offers agents an integrated booking engine, global vacation packages and 24-7, dedicated agency support, including commission reporting and professional development opportunities. “My agency sold over $1.7 million in our first year as a member of the Avoya Travel Network and that was just from Live Leads,” said Mary Arathoon, owner of Pursue Travel LLC, whose agency has been with Avoya since November, 2013. “Avoya Travel is very innovative – they have the best lead program, great support, and are in the business of helping travel professionals grow their agencies and reach even greater levels of success.” “With Integrity and Professionalism we are committed to helping travel professionals build their businesses and plan unforgettable experiences for their clients,” said Brad Anderson, President of Avoya Travel. “Our patented technology and award winning marketing programs combined with our dedication to providing our network with the highest levels of support have empowered the Independent Agency members in the Avoya Travel Network to lead the industry in sales and success – filling more seats, cabins, and beds for Avoya’s global travel partners.” About Avoya Travel: Avoya Travel has a long-standing reputation for being one of the world’s largest and most innovative travel companies. As an American Express Travel Representative for more than 25 years, Avoya is deeply committed to Integrity and Professionalism™, service, and value in every aspect of planning cruises and vacations. Through an elite network of independently owned and operated travel agencies, Avoya provides exclusive discounts, amenities, and first-class customer service to travelers worldwide. For this, Avoya has received numerous accolades, including being repeatedly named Travel Partner of the Year, by Norwegian Cruise Line, Royal Caribbean, Celebrity Cruises, Carnival Cruises, American Express, Oceania Cruises, and more. Travel agency owners, travel professionals, and others interested in owning and operating their own travel business should contact Avoya Travel at 800-521-2597 or visit www.JoinAvoya.com. Travelers interested in booking their next vacation with Avoya Travel, should call 800-753-1463 or visit www.AvoyaTravel.com.
The Commission will be engaging fathers at these workshops. Story Highlights Two information fairs under the theme, ‘Surviving the Transition to Secondary School’, will be held The workshop is also geared towards enhancing the relationship between fathers and their children Parents, especially fathers, whose children will be attending secondary schools in the new academic year, are being encouraged to attend the Education Ministry’s parent information fairs.The fairs are being organised by the Ministry of Education through the National Parenting Support Commission (NPSC).Two information fairs under the theme, ‘Surviving the Transition to Secondary School’, will be held on Saturday, August 24, at Port Antonio High School in Portland and on Tuesday, August 27, at the St. Hilda’s High School in St. Ann. The fairs will commence at 12:00 noon daily. The first fair took place on Sunday, August 11 at Jamaica College, in Kingston.The NPSC will be providing several workshops at the fairs with the topics: ‘Managing a Successful Transition’; ‘Teaching Your Children to Cope while Sustaining the Relationship’; ‘Fathers Matter’; ‘Engaging your Children’; and ‘Helping Teenagers to Adjust’.Speaking at a Jamaica Information Service (JIS) ‘Think Tank’ on August 14 at the agency’s head office on Half-Way Tree Road, Executive Director of the NPSC, Dr. Patrece Charles Freeman, said the Commission will be engaging fathers at these workshops.“We think it is very important to reach out to fathers. We have had one workshop at a high school and you had 60 parents and they were all mothers, no fathers,” she said.Dr. Charles Freeman said that at the workshop dubbed, ‘Fathers Matter’, fathers will understand their role and impact on their children’s lives. She said the workshop is also geared towards enhancing the relationship between fathers and their children.“Fathers will also learn effective fathering strategies for building healthy families and to be able to engage their children and their needs, both at home and at school,” she added.The NPSC, which operates through the Education System Transformation Programme (ESTP), has a mandate to co-ordinate activities relating to parenting and parenting support.Its main objective is to implement the National Parenting Policy of Jamaica that gives support to parental organisations, by teaching them about the laws of the Child Protection Act, and ensuring that children are protected and not neglected.
Story Highlights He was delivering the keynote address at the closing ceremony for the Management Institute for National Development’s (MIND) Regional Public Sector Leadership Development Conference at the Jamaica Pegasus Hotel in New Kingston on July 20. The amalgamation, aimed at strengthening the monitoring of the gaming industry, is expected to be completed by year-end. The Minister pointed out that the transformation exercise should not be viewed as one that will result in job losses, noting that the divestment of Caymanas Track Limited (CTL) to Supreme Ventures Limited (SVL) in March this year, has seen an increase in employment and greater levels of investment.“I have already seen the transformation that is taking place at Caymanas Track as a result of the divestment (as) they have employed more people,” the Minister pointed out.“They are about to plough over $1 billion of investment into the development and expansion of the track,” he added.Additionally, he said, SVL plans include accepting wagers from members of the Diaspora, which would make the enterprise “bigger and better.’He urged that as the Government rolls out the transformation programme in the pursuit of excellence in service delivery, each public sector worker should endeavour to be the “one person (who) can make a difference.” Finance and Public Service Minister, Hon. Audley Shaw, says the merger of the island’s three State-run gaming agencies has commenced with the entities now in the process of moving into one building.The entities – the Betting, Gaming and Lotteries Commission (BGLC), Jamaica Racing Commission (JRC), and Casino Gaming Commission (CGC) – are being combined to form the new Jamaica Gaming Commission.The amalgamation, aimed at strengthening the monitoring of the gaming industry, is expected to be completed by year-end.Minister Shaw said the entities will operate under one roof, “even as we work out the legislative arrangements to make them into one commission.”“So in that example, four become one, and there is a whole range of others (state entities) that we are going to be dealing with in similar fashion,” he added.He was delivering the keynote address at the closing ceremony for the Management Institute for National Development’s (MIND) Regional Public Sector Leadership Development Conference at the Jamaica Pegasus Hotel in New Kingston on July 20.Of the over 200 public sector entities, 84 are to be closed, merged, subsumed into central Government or divested to the private sector.Mr. Shaw said he has signed off on a time-bound plan for the engagements, which will be submitted to Cabinet, in keeping with the Government’s public sector transformation programme. Finance and Public Service Minister, Hon. Audley Shaw, says the merger of the island’s three State-run gaming agencies has commenced with the entities now in the process of moving into one building.
The Office of Disaster Preparedness and Emergency Management (ODPEM) is to put measures in place to increase the speed at which information is disseminated to the public during periods of emergency.Speaking with JIS News, Director General of the ODPEM, Major Clive Davis said a meeting was held on January 25, with relevant stakeholders to discuss the matter.“We had very detailed discussions about what was currently available among telecoms providers and what was available from the broadcast media (radio, television, cable and print). That went well,” he said. He noted that following the recent threat of a Tsunami, it was important that information is issued to the public in a timely manner.Major Davis also informed that a technical working group is to be established, and would include members from the ODPEM, the Ministry of Science, Energy and Technology and the two telecoms providers. “They would deliberate on the creation of a special platform specifically for the dissemination of emergency information,” he explained. “There is going to be a need for an Memorandum of Understanding to be written between the Government (through the ODPEM) and media houses so that when we have emergencies like the recent threat of a Tsunami, the information going to the public is much improved…and lives saved,” Major Davis added.The ODPEM is the only government agency to provide disaster management functions in Jamaica.
Ms. Llewellyn, who was addressing the 33rd Annual General Meeting and Conference of the Association of Caribbean Commissioners of Police (ACCP) at the Montego Bay Convention Centre, St. James, on May 1, added that her office is well within its rights to refrain from going forward with a case if the evidence is deemed insufficient and weak. Director of Public Prosecutions (DPP), Paula Llewellyn, says early collaboration between police investigators and prosecutors prior to taking a case to trial is critical. The DPP said she has seen many instances where the failure of early collaboration between the prosecution team and investigators allowed for cases to collapse before they even got started. “It helps if the prosecuting arm is consulted from very early,” she said. Story Highlights Director of Public Prosecutions (DPP), Paula Llewellyn, says early collaboration between police investigators and prosecutors prior to taking a case to trial is critical.This, the DPP said, will lessen the chance for even the most skilful of defence attorneys to find and exploit loopholes or for a guilty person to walk free.Ms. Llewellyn, who was addressing the 33rd Annual General Meeting and Conference of the Association of Caribbean Commissioners of Police (ACCP) at the Montego Bay Convention Centre, St. James, on May 1, added that her office is well within its rights to refrain from going forward with a case if the evidence is deemed insufficient and weak.The DPP said she has seen many instances where the failure of early collaboration between the prosecution team and investigators allowed for cases to collapse before they even got started. “It helps if the prosecuting arm is consulted from very early,” she said.She added that early collaboration makes for good in-depth investigations and where the evidence is such that perpetrators of serious crimes are often denied bail.Ms. Llewellyn said whenever recommendations are made to the DPP’s office, they are carefully studied before a determination is made as to whether a case should be prosecuted.“Sometimes matters are referred to me in order to take action. However, if I do my research and I find that it is not the way to go, then under the Constitution I can refrain from acting,” she explained.The DPP also cautioned law-enforcement agencies about the need for better communication, noting that the criminals work in tandem with each other and are very meticulous in planning their criminal activities.“We have to be very careful that we don’t lag behind. In this age of technology… in this age where we have transnational crimes… collaboration and working together is the way to go,” she said.Ms. Llewellyn said she is not the least bit perturbed by criticism, noting that as long as she is comfortable with the knowledge that the public good is being served, “then I have no problem with the criticisms”.“We cannot allow ourselves to be detracted by the criticisms. We have to do things like protecting our witnesses. We have to follow leads and ensure evidence is not tainted or compromised,” she emphasised.Delegates from the 25 ACCP member countries, other stakeholders and exhibitors from around the world are attending the conference, which ends on May 4.
Dr. Clarke informed that 99 per cent of the loans secured from China on behalf of Jamaica are at fixed interest rates of two and three per cent, which “are among the lowest interest rates in our entire loan portfolio”. Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says 90 per cent of outstanding debt to the Export-Import (EXIM) Bank of China will be repaid in 10 years.Dr. Clarke informed that 99 per cent of the loans secured from China on behalf of Jamaica are at fixed interest rates of two and three per cent, which “are among the lowest interest rates in our entire loan portfolio”.“Loans from China [also] represent a mere 3.9 per cent of the total $2-trillion debt of Jamaica. When you hear a loan being executed of (about) US$200 million from the China EXIM Bank, bearing in mind that at current exchange rates US$200 million is roughly $25 billion and then in a debt size of $2 trillion, it is just about one per cent,” he said.The Minister was speaking at LatinFinance’s third Caribbean Finance and Investment Forum, at The Jamaica Pegasus hotel in New Kingston on November 1.Dr. Clarke’s sentiments are consistent with those of Prime Minister, the Most Hon. Andrew Holness, who, a day before, noted that the loans secured on behalf of Jamaica are done at the best interest rates and that there is no need to fear Jamaica’s relationship with China.“I don’t think that there needs to be any fear-mongering. The Government of Jamaica has been very strategic and the sovereignty of Jamaica is always foremost in my mind. So when we engage, we engage with that as a non-negotiable part of the partnership,” Mr. Holness said.Meanwhile, Dr. Clarke assured the group of regional bankers and potential investors at LatinFinance’s forum that “there is no better place to invest than in Jamaica”.He noted that all the economic indicators suggest that the Jamaican economy “is stronger than it has ever been”.“We have inflation at record lows, but more important than being at record lows is that inflation has been stable over the past four years and is increasingly becoming predictable. On top of that, loan growth is increasing at accelerated levels… foreign direct investments have been steady and capital imports have increased by fivefold over the past six years,” he indicated.Dr. Clarke reiterated plans for the establishment of an independent fiscal council designed to strengthen Jamaica’s fiscal responsibility framework and the modernisation of the country’s central bank, the Bank of Jamaica.Hosted in partnership with the Ministry of Finance and the Public Service, LatinFinance’s third Caribbean Finance and Investment Forum brings together global banks and investors to lay out the road map towards achieving sustainable growth and investment.LatinFinance is the leading source of intelligence on the financial markets and economies of Latin America and the Caribbean.The entity’s Chief Executive Officer (CEO), Taimur Ahmad, acknowledged the ongoing growth in the Caribbean, which has “picked up in recent years, supporting the (existing) view that the region has finally turned the corner”.He said part of the aim of the forum is to explore the promise held by the region, which, he noted, is significant.Themes explored at the finance forum included exploring the new directions in the Caribbean economic outlook, understanding Caribbean fixed-income and Caribbean corporate finance and capital markets integration, among others. Story Highlights Finance and the Public Service Minister, Dr. the Hon. Nigel Clarke, says 90 per cent of outstanding debt to the Export-Import (EXIM) Bank of China will be repaid in 10 years. “Loans from China [also] represent a mere 3.9 per cent of the total $2-trillion debt of Jamaica. When you hear a loan being executed of (about) US$200 million from the China EXIM Bank, bearing in mind that at current exchange rates US$200 million is roughly $25 billion and then in a debt size of $2 trillion, it is just about one per cent,” he said.
The Bank of Jamaica (BOJ) says total demand for local currency is expected to increase by $18.1 billion or 16.5 per cent, leading to an estimated $128.1 billion in circulation for December 2018.The BOJ indicates that the anticipated increase, which coincides with Christmas festivities, is broadly consistent with the 16.5 per cent growth recorded for December 2017 as well as the five-year average growth rate of 17.3 per cent for the month.Additionally, that it represents an accelerated annual growth rate of 15.5 per cent, when compared to 12.9 per cent for December 2017.“When the forecasted change in the general level of consumer prices is taken into account, the projected real growth in currency for 2018 is 10.5 per cent, which is higher than the real growth of 7.3 per cent for the previous year,” the BOJ outlined.The Bank pointed out that projected acceleration in the growth in real currency demand for December 2018 is consistent with the higher growth rate that has been evident between August and November 2018, “possibly associated with a strengthening in real GDP growth and employment over the second half of the year”.A total of $4.2 billion in currency was issued by the BOJ between December 1 and 14, representing a 3.8 per cent growth for the month to date, as against a net issue of $1.4 billion over the same period in 2017.As at December 14, 2017, the stock of currency in the hands of the public and in the vaults of financial institutions amounted to $114.1 billion.There is normally a stronger demand for currency during the month of December, associated with increased spending over the holiday period. Additionally, that it represents an accelerated annual growth rate of 15.5 per cent, when compared to12.9 per cent for December 2017. The Bank of Jamaica (BOJ) says total demand for local currency is expected to increase by $18.1 billion or 16.5 per cent, leading to an estimated $128.1 billion in circulation for December 2018. The BOJ indicates that the anticipated increase, which coincides with Christmas festivities, is broadly consistent with the 16.5 per cent growth recorded for December 2017 as well as the five-year average growth rate of 17.3 per cent for the month. Story Highlights
此页面无法正确加载 Google 地图。您是否拥有此网站？确定 My location zoom The Lowestoft Conference will take place on 15 April 2014 at Rotterdam Road in Lowestoft.Sembmarine SLP Managing Director Paul Thomson has welcomed the Lowestoft Conference initiative, saying:“With over 350 employees, Sembmarine SLP is one of Lowestoft’s major employers and my colleagues and I are very pleased that we are going to have the opportunity to discuss priorities for the town and its economy with local leaders.“The town’s skyline will soon lose the Golden Eagle Living as it goes into service in the North Sea in May 2014, however we are working on a number of other valuable and interesting contract opportunities. Offshore wind energy is set to make an enormous impact on East Anglia’s energy sector over the coming years, and there are engineering elements of an offshore wind farm which offer considerable potential to Sembmarine SLP.“Job creation and skills development, the quayside infrastructure, sea defences and road improvements are amongst the key issues that we will wish to raise at this event.”He continued: “I hope there will be strong support for this initiative from the town’s business community.” Sembmarine, March 25, 2014 Print Close
zoom In order to continue providing prompt and appropriate attention to their clients within the local markets Thorco Shipping has appointed Ilya Shipping Ltd. as their representative in Turkey.Ilya Shipping Ltd. was founded 2003 and has since then served the Turkish clients, bringing recognized experience and knowledge to the local market. The company’s commercial coverage extends across the Black Sea/Marmara Sea and the East Mediterranean.Thorco Shipping, March 31, 2014
zoom The U.S. Navy has awarded General Dynamics’ wholly owned subsidiary American Overseas Marine LLC (AMSEA) a $32.7 million contract modification to operate and maintain seven large, medium-speed, roll-on / roll-off ships (LMSR) for the Military Sealift Command.MSC’S FLEET REPLENISHMENT OILER USNS BIG HORN (T-AO 198)Under the terms of the modification, AMSEA will provide services including crewing, engineering, maintenance, procurement and provisioning. Initially awarded in 2010, the contract has a potential value of $238 million over seven years.“AMSEA has successfully operated the vessels in this program for the last nine years and we will continue our superior service for our customer under this new contract,” said Thomas Merrell, president of AMSEA.As a full-service ship operator for more than 28 years, AMSEA provides complete marine operations, engineering and professional services to customers in the government and commercial sectors.Press Release, April 23, 2014, Image: MSC
zoom BAM International and its South African joint-venture partner Stefanutti Stocks have been awarded the contract for the engineering, procurement and construction (EPC) of a petroleum jetty at the Kissy Oil Terminal of Freetown in Sierra Leone. It will take the joint venture approximately one year to design and complete the project for PetroJetty Ltd. The new petroleum jetty comprises a 240 metres steel trestle on steel piles, including a concrete offloading platform of 12 x 25 metres, four mooring dolphins, two breasting dolphins and a fender rack. For the top works, sister company BAM Leidingen & Industrie will engineer and supply the hose tower, the firefighting system and the piping and electrical part.PetroJetty is the local affiliate of trading and downstream company Oryx Energies, an energy division of private investment group AOG. The new jetty will provide a key import and export facility for the country, and a modern export base for ethanol.BAM and Stefanutti Stocks have recently completed two other projects in Sierra Leone. As part of the ongoing rehabilitation of African Minerals Ltd’s loading facility for iron ore in Pepel, near Freetown, the joint venture completed a new jetty and has renovated and extended an existing jetty. In addition, a string of navigation aids were placed along the Sierra Leone river, to facilitate ship movements by day and by night.BAM, May 6, 2014
zoom d’Amico Tankers Limited (Ireland) has agreed with d’Amico Shipping Italia S.p.A. to buy the second-hand product tanker Cielo di Milano.The 40,081 dwt 2003-built ship was priced at USD 14 million to be paid by cash on delivery.“The purchase need arises from the characteristics of the features of this ship suited to a specific route in which it will be immediately engaged,” the company said.”This purchase adds to our fleet a unit that we know very well, and that allows us to engage it on a specific trade route that meets perfectly with its technical features,” Marco Fiori, Chief Executive Officer of d’Amico International Shipping, added.The company, however; did not disclose details on the ship’s trade route or delivery date.Following this acquisition, d’Amico Tankers Limited owns 50.8 product tankers, of which 40.8 are Medium Range (MR) and the remaining are Handysize product tankers, of which 27.3 are owned vessels and 23.5 chartered-in vessels.
Russian gas producer Rosneft has delivered its first ever LNG shipment as part of its contract with Egyptian Natural Gas Holding Company (EGAS), using Golar Ice tanker owned by Golar LNG.Rosneft Trading SA, a subsidiary of the Rosneft Group entered a Master LNG Supply and Purchase Agreement with EGAS in August 2015. Prior to this agreement, the two companies signed two term sheets that defined key terms of the future cooperation between the companies in the area of LNG supplies.Built in 2014 by South Korean shipbuilder Samsung Heavy Industries, Golar Ice has a gross tonnage of 100,800 tons and a capacity of 160,000 cubic meters.Rosneft and Golar inked a memorandum of understanding (MoU) in March 2015 on cooperation in the area of floating liquefaction (FLNG) and transportation of natural gas.Under the MoU, the duo set the framework to explore opportunities for the use of Golar’s GoFLNG facilities in Latin America and potentially other locations.
zoom Singapore-based offshore support vessel provider Vallianz Holdings Limited has secured contracts worth up to USD 210 million in total, boosting its chartering services order book to USD 1.2 billion.Specifically, in its latest batch of orders the group won long-term charter contracts for the supply of 13 offshore supply vessels (OSVs) with an undisclosed national oil company in the Middle East. The vessels will be chartered to the oil company for up to seven years.Vallianz expects the OSVs to be deployed progressively at the company’s oil fields from the second half of 2016, in accordance to its project schedule.“This new award speaks volumes of the group’s operational capabilities as the award of an entire tender comprising a large number of vessels to a single offshore marine service provider is rare and normally reserved for a contractor that has an exceptional and proven track record,” Ling Yong Wah, Vallianz’s CEO said.The contracts come after the award of a USD 63 million contract from the oil company for the charter of two anchor handling tug, supply and safety standby (AHTSS) vessels for up to 7 years.“With the addition of these new charter contracts in the Middle East, we have further strengthened our order book and improved the group’s future revenue visibility,” Ling added.The company expects the new contracts to begin contributing to its financial performance from the second half of the financial year ending 31 December 2016.Vallianz owns and operates a fleet of 42 offshore support vessels and covers markets in the Middle East, Asia Pacific and Latin America.
zoom Turkey-based cruise port operator Global Ports Holding (GPH) has acquired two large stakes in cruise port Venezia Terminal Passeggeri made via Venezia Investimenti S.r.l., which is jointly owned in equal shares by GPH and cruise companies Costa Crociere, MSC Cruises SA and Royal Caribbean.Namely, the operator purchased a 48% stake in APVS S.r.l., which owns a majority stake of Venezia Terminal Passeggeri, from Veneto Sviluppo S.p.A.GPH also bought an 85.85% stake in Finpax S.r.l., which owns over 22.1% of Venezia Terminal Passeggeri, from certain Venice port operators.The remaining stakes in Venezia Terminal Passegeri are held by SAVE SpA, which has over 22.1% in the port, and the Chamber of Commerce of Venice, Rovigo and the Delta Lagoon with a stake of 2.64%.Venezia Terminal Passeggeri, founded in 1997 by the Port Authority of Venice, manages ten multi-functional terminals and seven docks in the Marittima, San Basilio and Riva dei Sette Martiri areas.
zoom Aulong Shipbuilding, a joint venture company formed by Austal Limited and Guandong Jianglong Shipbuilding of Zhuhai, China, has won the first ferry contract to build a 42 metre high speed aluminium ferry for Chinese mainland operator Blue Sea Jet.Less than two months after the announcement of the joint venture, the company has been awarded the AUD 10 million (USD 7.6 million) contract to design and build the ferry, which will be able to carry up to 288 passengers on the Zhuhai – Hong Kong route.The company would launch the construction of the vessel in October 2016 at Jianglong Shipbuilding’s established facilities in Guangdong province, with delivery scheduled for October 2017.The vessel would be based on Austal’s design which optimises performance and fuel efficiency, according to the company.Aulong Shipbuilding was established in June 2016 with the aim of pursuing commercial passenger and non-military vessel opportunities in mainland China. Jianglong Shipbuilding holds a 60% stake in the company, while Austal holds the remaining share.