Guatemala Arrests 22 Members of Mexican Los Zetas Cartel

first_img Guatemalan security forces landed a heavy blow against one of the Mexican drug-trafficking cartels operating in the country when they detained twenty-two of its members, including the alleged leader in the area, the government announced. With the arrest of four alleged members of the Mexican paramilitary drug-trafficking group “Los Zetas,” the Guatemalan police crowned an operation that included the seizure of 239 rifles, twenty-eight all-terrain vehicles, five small planes, ammunition, and explosives, the Interior Ministry specified. The arrests and seizures took place after Guatemala decreed the suspension of constitutional guarantees, a day after placing the border department of Alta Verapaz, around two hundred kilometers north of the capital, under a state of emergency. Soldiers and police officers have been sent there to combat growing criminal activity by Mexican gangs. “These individuals were not preparing to confront the security forces; they were preparing to take over the country,” Guatemalan President Alvaro Colom told reporters after authorizing the emergency measures. Government reports indicate that “Los Zetas” were practically governing the area, appropriating rural properties and committing assaults and rapes. Those arrested include a former member of the Guatemalan military, José Armando León, once a member of the Kaibiles, an elite army unit trained for counterinsurgency operations and used during the prolonged civil war that the country suffered. The authorities suspect León of being the head of the group active in Alta Verapaz. Around eight hundred members of Los Zetas are believed to operate in Guatemala, a third of them Mexicans, according to official investigations. Although their chief area of influence is located in Alta Verapaz, the organization is calculated to have freedom of movement in about 75 percent of the country’s territory. Los Zetas, who originated ten years ago as a group of hitmen in the service of the Mexican Gulf Cartel, have become a criminal organization in themselves, with thousands of members and a strong presence in Central America. Analysts and high-ranking officials affirm that Mexican cartels are buying land, warehousing weapons, and contracting members of criminal networks throughout Central America to help them to transport and sell drugs. By Dialogo December 28, 2010last_img read more

DONEGAL CHAMPIONS EUNAN’S FACE UPHILL BATTLE AGAINST CROSSMAGLEN

first_imgA week after a hard-fought encounter with Naomh Conaill in the Donegal championship final, St Eunan’s must brush themselves down and do it all over again.Hundreds of fans from Letterkenny and the surrounding areas are expected to make the treck to support their team.The general consensus is that the Letterkenny team are merely in the first round of the Ulster Club Championship to make up the numbers. Club championship kingpins Crossmaglen go into the game undoubted red hot favourites.After all their history in the championship needs no reminding.And the fact that they beat, or rather hammered Garrycastle in this year’s All Ireland final.And despite having several injury worries a few weeks back, it now appears the tem are getting stronger by the day. And the mere mention of such names as the Kernan brothers and the evergreen Oisin McConville, is enough to send shivers up the spine of any team’s defence.Not that St Eunan’s are without some fine players on their way to the Athletic Grounds.Rory Kavanagh would grace any midfield in the country and fellow countyman Kevin Rafferty still has a huge amount to offer.Mark McGowan will take his points if Eunan’s get frees in kickable positions and Lee McMonagle has proven he knows where the goal is.Crosssmaglen may be the bookies’ favourite but if that self-belief which Jim McGuinness has instilled in Donegal can be repeated, then the Letterkenny men have a chance. DONEGAL CHAMPIONS EUNAN’S FACE UPHILL BATTLE AGAINST CROSSMAGLEN was last modified: November 11th, 2012 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more

Danaos Sinks to Loss due to Hanjin Impairments

first_imgzoom Athens-based containership owner Danaos Corporation swung to a net loss of USD 366.2 million in 2016 from a profit of USD 117 million in 2015, largely impacted by the bankruptcy of South Korea’s Hanjin Shipping. The company saw a decrease in operating revenues as well, which went down to USD 498.3 million in 2016 from USD 567.9 million in 2015.During the fourth quarter of 2016, Danaos posted a net loss of USD 446.6 million, compared to a profit of USD 6.5 million seen in the same quarter of 2015. Revenues for the quarter amounted to USD 112.1 million against USD 143.3 million recorded in Q4 2015.“Danaos’ results for the fourth quarter of 2016 reflect the impact of the bankruptcy of Hanjin Shipping, which previously chartered eight of our vessels on long term charter party agreements representing approximately 20% of our fixed contracted revenue. These charter party agreements were terminated, and each of the chartered vessels was returned to us,” John Coustas, Danaos’ CEO, commented.After Hanjin canceled the charters, Danaos’ fleet utilization decreased to 90.4% in Q4 2016.“We have re-chartered five 3,400 TEU vessels on short term charters at market rates that reflect the prevailing weak chartering environment and managed to secure employment of up to 12 months starting from April 2017 for the remaining three 10,100 TEU vessels. Excluding the effect of these cancellations, our fleet utilization increased to 99.5% compared to 98.3% in the fourth quarter of 2015,” the firm’s CEO added.Coustas further said that, as a result of the decrease in Danaos’ operating income and charter attached values, the firm was in breach of certain financial covenants as of December 31, 2016, for which it has obtained waivers until April 1, 2017. As the waivers are for a period less than 12 months after the balance sheet date, all of the debt has been classified as current on the December financial statements.Danaos revealed it has submitted to the Bankruptcy Court of Seoul an unsecured claim for unpaid charter hire, charges, expenses and loss of profit against Hanjin totaling USD 597.9 million.As of December 2016, Danaos recorded an impairment loss of USD 415.1 million related to 25 of its vessels, compared to an impairment loss of USD 41.1 million in relation to 13 of the company’s ships.Danaos’ fleet is currently comprised of 59 containerships with an aggregate tonnage of 353,586 TEUs, including four vessels owned by Gemini Shipholdings Corporation, a joint venture between the company and its largest shareholder.last_img read more