text:
|By Marketwired .
Article Rating:
|August 29, 2014 02:55 PM EDT
MAJURO, MARSHALL ISLANDS -- (Marketwired) -- 08/29/14 -- Pioneer Marine Inc. (OSLO-OTC: PNRM) ("Pioneer Marine," or the "Company"), a leading shipowner and global drybulk handysize transportation service provider, announced its unaudited financial and operating results for the second quarter ended June 30, 2014.
Second Quarter 2014 Financial Highlights:
- For the second quarter 2014, the Company reported a net loss of $2.5 million, or $0.11 basic and diluted loss per share, as compared to a loss of $1.7 million or $0.09 basic and diluted loss per share for the first quarter of 2014.
Recent Events
- $72 Million Loan Facility: On June 16, 2014, the Company signed a loan agreement with DVB Group Merchant Bank (Asia) Ltd. and ABN AMRO Bank BV for $72 million secured by eight Handysize vessels. The loan bears interest at LIBOR plus a margin with 5 year tenor. The facility was fully drawn down on July 2, 2014.
- $47 Million Loan Facility: On August 11, 2014, the Company signed a loan agreement with CIT Finance LLC for $47.4 million secured by four Handysize vessels and one Handymax vessel. The loan bears interest at LIBOR plus a margin with 5 year tenor. The facility was fully drawn down on August 18, 2014.
Pankaj Khanna, Chief Executive Officer, commented, "We are pleased with the competitive financing concluded for the on-water fleet with strong support from the banking relationships we have built over the years. Pioneer has now a modern fleet of thirteen ships on the water with an average age of 6.5 years and fourteen newbuildings for delivery in 2015 and Q1 2016.
"The drybulk freight market in the second quarter was quite challenging due to certain one off factors. The ban on Indonesian exports of unprocessed minerals, the slower pace of Argentinian grain exports and the turmoil in Ukraine have adversely impacted demand for shipping minor bulk cargoes in the first half of 2014. This situation continued into the third quarter but in August we have started to see a recovery in the market with demand improving in all regions. Given our strategy to focus on spot fixtures, we believe Pioneer is well positioned to benefit from the expected increase in freight rates."
Financial Review: Second quarter of 2014
Net revenue increased by $6.0 million or 98.4% in the three month period ended June 30, 2014 to $12.1 million as compared to $6.1 million in the three month period ended March 31, 2014. The increase is mainly attributable to delivery of additional Handysize vessels which occurred at the end of the first quarter of 2014. As a result the number of operating days in the second quarter of 2014 increased to 1,138.8 days as compared to 573.5 days in the first quarter of 2014.
Time Charter Equivalent ("TCE") revenue (Net Revenue less Voyage Expenses) increased to $7.5 million in the three month period ended June 30, 2014 as compared to $4.8 million in the three month period ended March 31, 2014. TCE per day decreased to $6,551 for the three month period ended June 30, 2014 as compared to $8,403 in the three month period ended March 31, 2014.
Vessel Operating Expenses ("OPEX") increased by $2.5 million for the three month period ended June 30, 2014 to $6.4 million as compared to $3.9 million in the three month period ended March 31, 2014. The increase is attributable to the vessels acquired within the second quarter of 2014 since the average number of vessels on the water increased to 12.7 vessels as compared to 7.0 vessels for the first quarter of 2014.
Drydock expenses of $0.5 million relate to the drydock of M/V Mykonos Bay completed within the first quarter 2014. This drydock cost is expensed as part of OPEX.
Depreciation Expenses increased by $1.2 million for the three month period ended June 30, 2014 to $2.7 million as compared to $1.5 million in the three month period ended March 31, 2014. The increase is attributable to the full quarter effect of vessels acquired at the end of the first quarter of 2014 as mentioned in the discussion above.
General and Administration Expenses increased by $0.3 million for the three month period ended June 30, 2014 to $0.9 million as compared to $0.6 million in the three month period ended March 31, 2014.
Fleet List as of June 30, 2014
---------------------------------------------------------------------------- Delivery Date Type DWT Year Built (1) ---------------------------------------------------------------------------- Current fleet: Reunion Bay Handysize 32,354 2006 Nov 1, 2013 Paradise Bay Handymax 46,232 2003 Nov 11, 2013 Eden Bay Handysize 28,342 2008 Dec 2, 2013 Fortune Bay Handysize 28,671 2006 Mar 4, 2014 Mykonos Bay Handysize 32,411 2009 Dec 2, 2013 Emerald Bay Handysize 32,258 2008 Jan 27, 2014 Azure Bay Handysize 31,700 2005 Mar 10, 2014 Teal Bay Handysize 32,327 2007 Jan 17, 2014 Calm Bay Handysize 37,534 2006 Mar 4, 2014 Ha Long Bay Handysize 32,311 2007 Feb 14, 2014 Jupiter Bay Handysize 29,997 2012 Apr 22, 2014 Venus Bay Handysize 30,003 2012 Mar 31, 2014 Orion Bay Handysize 30,009 2012 Mar 25, 2014 Vessels under construction: GY311 Handysize 38,800 - 2015 GY312 Handysize 38,800 - 2015 GY313 Handysize 38,800 - 2015 GY314 Handysize 38,800 - 2015 GY315 Handysize 38,800 - 2015 GY316 Handysize 38,800 - 2015 GY317 Handysize 38,800 - 2015 GY318 Handysize 38,800 - 2015 GY319 Handysize 38,800 - 2015 GY320 Handysize 38,800 - 2015 GY321 Handysize 38,800 - 2016 GY322 Handysize 38,800 - 2016 SF130111 Handysize 38,000 - 2016 SF130112 Handysize 38,000 - 2016 (1) Estimated year of completion for vessels under construction
Summary of Operating Data (unaudited)
(Dollars in Thousands, Except Per Day and number of days data)
Three Three Months Months Ended June Ended March 30, 2014 31, 2014 ----------- ----------- Revenue, net 12,156 6,126 Voyage expenses (4,695) (1,307) ----------- ----------- Time charter equivalent revenue 7,461 4,819 Vessel operating expense (6,414) (3,865) Drydock expense - (511) Depreciation expense (2,654) (1,511) General and administration expense (885) (594) Other expenses, net (2) (1) ----------- ----------- Net loss (2,494) (1,663) ----------- ----------- Vessel Utilization: Ship days (2) 1,162.3 627.3 Off-hire days 23.5 28.9 Off-hire days due to drydock 24.9 ----------- ----------- Operating days (3) 1,138.8 573.5 ----------- ----------- TCE per day (1) 6,551 8,403 Opex per day 5,519 6,163 ----------- ----------- (1) Time Charter Equivalent, or TCE revenue, are non-GAAP measures. Our method of computing TCE revenue is determined by voyage revenues less voyage expenses (including bunkers and port charges). Such TCE revenue, divided by the number of our operating days during the period, is TCE per day, which is consistent with industry standards. TCE revenue is included because it is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company's performance irrespective of changes in the mix of charter types (i.e., spot charters and time charters), and it provides useful information to investors and management. (2) Ship days: We define ship days as the aggregate number of days in a period during which each vessel in our fleet has been owned by us. Ship days are an indicator of the size of our fleet over a period and affect both the amount of revenues and the amount of expenses that we record during a period. (3) Operating days: We define operating days as the number of our ship days in a period less days required to prepare vessels acquired for their initial voyage and off-hire days associated with off-hire while a vessel is employed, scheduled repairs, drydockings or special surveys. The Company uses operating days to measure the number of days in a relevant period during which vessels should be capable of generating revenues.
Pioneer Marine Inc. and Subsidiaries Financial Results for the First Half 2014
Consolidated Statement of Operations (Unaudited)
(Dollars in Thousands, except per share amounts)
Six Months Ended June 30, 2014 -------------- Voyage revenue 18,282 Voyage expense (6,002) Vessel operating expense (10,279) Drydock expense (511) Depreciation expense (4,165) General & administration expense (1,479) -------------- Total operating expenses (22,436) -------------- -------------- Operating profit / (loss) (4,154) Other expenses (3) -------------- Net Loss (4,157) ============== Net loss per share, basic and diluted (0.20) Weighted number of shares, basic and diluted 20,557,667
The following table reconciles net loss to EBITDA:
(Dollars in Thousands)
Three Months Ended June 30, 2014 March 31, 2014 -------------- -------------- Net loss (2,494) (1,663) Add: Depreciation expense 2,654 1,511 -------------- -------------- EBITDA (1) 160 (152) -------------- -------------- (1) EBITDA represents net income/(loss) before interest, taxes, depreciation and amortization and is used as a supplemental financial measure by management to assess our financial and operating performance. We believe that EBITDA assists our management and investors by increasing the comparability of our performance from period to period. This increased comparability is achieved by excluding the potentially disparate effects between periods of and depreciation and amortization expense, which items may be affected by various and possibly changing financing methods, capital structure and historical cost basis and which items may significantly affect net income between periods. We believe that including adjusted EBITDA as a financial and operating measure benefits investors in selecting between investing in us and other investment alternatives EBITDA does not represent and should not be considered as an alternative to net income/(loss) or cash flow from operations, as determined by United States generally accepted accounting principles, or U.S. GAAP, and our calculation of EBITDA may not be comparable to that reported by other companies.
Consolidated Balance Sheets (Unaudited)
(Dollars in Thousands)
December 31, As at June 30, 2014 2013 ------------- ------------- ASSETS Current assets Cash & cash equivalents 24,083 1,358 Trade accounts receivable & accrued income 5,327 586 Inventories 2,726 1,072 Other receivables 310 423 ------------- ------------- Total current assets 32,446 3,439 ------------- ------------- Non-current assets Vessels, net 224,650 68,170 Other fixed assets 101 75 Advances for vessel acquisition and vessels under construction 17,434 13,621 Deferred financing costs 141 - ------------- ------------- Total non-current assets 242,326 81,866 ------------- ------------- ------------- ------------- Total assets 274,772 85,305 ============= ============= LIABILITIES AND EQUITY Current liabilities 7,734 637 Shareholders'/ owners' equity 267,038 84,668 ------------- ------------- Total liabilities and shareholders' equity 274,772 85,305 ============= =============
Consolidated Statement of Cash Flows (Unaudited)
(Dollars in Thousands)
Six Months ended June 30, 2014 -------------- Cash flows from operating activities Net Loss (4,157) Adjustments to reconcile loss to net cash provided by operating activities: Depreciation 4,165 Changes in operating assets and liabilities: Trade accounts receivable & accrued revenue (4,741) Inventories (1,654) Other receivables 114 Accounts payable 6,956 -------------- Net cash provided by operating activities 683 -------------- Cash flows from investing activities Purchase of vessels (155,594) Advances for vessel acquisitions and vessels under construction (8,828) Purchase of other fixed assets (63) -------------- Net cash used in investing activities (164,485) -------------- Cash flows from financing activities Cash contributions 186,527 -------------- Net cash provided by financing activities 186,527 Net increase in cash and cash equivalents 22,725 Cash and cash equivalents at the beginning of the period 1,358 -------------- Cash and cash equivalents at the end of the period 24,083 ==============
About Pioneer Marine Inc.
Pioneer Marine Inc. is a leading shipowner and global drybulk handysize transportation service provider. Pioneer Marine currently owns twelve Handysize and one Handymax drybulk carriers with an additional 14 Handysize newbuildings on order for delivery in 2015. The Handysize Green Dolphins newbuildings are 'Eco' vessels designed by SDARI.
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk vessel capacity, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors.
Pioneer Marine Inc.
Pankaj Khanna
President and CEO
[email protected]
Investor Relations / Media
Capital Link, Inc.
Nicolas Bornozis
Paul Lampoutis
+212 661 7566
[email protected]
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Helsinki game won't affect Selanne's decision
ANAHEIM -- Teemu Selanne said the specter of a regular-season game in his native Finland won't impact whether he decides to play one more season with the Ducks or retire.
The Ducks are slated to play an exhibition game against Selanne's former team, Jokerit, in Helsinki on Oct. 4 and then open their 2011-12 season against Buffalo three days later.
"It's not going to affect my decision," Selanne said Monday. "I don't know my own situation yet. But if I'm playing, it's obviously going to be fun. We don't go that far."
Selanne thought more about what the games in his native city would be like for his teammates.
"Obviously it sounds very interesting and I know it's going to be a great experience for the guys," he said. "It's a great hockey city. It's going to be fun. Same hand, the guys were a little bit tired when they went to London. It was really tough trip for them. And then on the way back, they stopped in Pittsburgh and Detroit.
"The guys were not very happy when they heard that right away. But then when they said there's going to be four days that you can't have a game when you come back. It's a totally different program and different case this time. The guys can relax a little bit and enjoy it this time."
All that Selanne would commit to is being there for the Helsinki games in some capacity. The Ducks will have Finnish natives Saku Koivu, Toni Lydman and Jarkko Ruutu if he is re-signed by the team.
"It's going to be a huge deal," he said. "We were there with Winnipeg in 1994 and it was just a huge deal even then. Obviously now we have so many Finns on our team, it's going to be even more special. The Ducks are the most favorite NHL team for them.
"They [had] polls on who would be the dream come true team there to come and play. It was our team. It worked out great."
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text: The 50 Most Hilarious Sneaker Memes Of All Time By Nick Engvall Nick is a former sneakers editor at Complex. Size 13 Twitter / Instagram / Google+ Share Tweet 0 The Walking Bred Symbolism... google it. Watch Now Tags: Lists, Sneaker Memes, Sneakerheads Like Follow Chat SIGN UP FOR OUR NEWSLETTER Enter Show Comments


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Ray Lewis has found himself in a bit of hot water this week after Sports Illustrated uncovered that Lewis was linked to a company that makes a product to assist athletes recovering from injury. Lewis reportedly called the company and ordered a spray made from deer antlers — which contains a banned peformance-enhancing supplement — just after he tore his triceps muscle in October. Lewis has summarily denied taking anything illegal, and attributed the timing of the story, just before the final game of his career, to some devil trickery.
Ray…are you still talking about football and deer-antler spray? We're talking about football and deer-antler spray. *slowly walks away without making sudden movements*
HT Michael David Smith at Pro Football Talk
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LadyBird 2
By iMakeApps.se
Open iTunes to buy and download apps.
LadyBird in a classic Pac-man style game.
Move the Lady Bird around collecting the aphids to complete levels.
Avoid the birds...But if you eat the Power Up insects then you can beat the birds.
What's New in Version 2.1
Improved joystick (larger).
Added iAD.
iPhone Screenshots
Customers Also Bought
View In iTunes
- Free
- Category: Games
- Updated: 18 April 2011
- Version: 2.1
- Size: 3.1 MB
- Language: English
- Developer: Jimmie Bergstrand
- © 2011 iMakeApps
Compatibility: Requires iOS 3.2 or later. Compatible with iPhone, iPad, and iPod touch.


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? John Swift acrobatically hooking in his first goal for the Royals against Bournemouth yesterday evening.
WATCH | The gaffer was pleased with the second-half performance in particular against @afcbournemouth yesterday... https://t.co/rArrIUMAAm
RFC WOMEN | Two home games in four days coming up for @ReadingFCWomen - Notts Co & Man City: https://t.co/QJIqjfWbRE
WATCH | John Swift reflects on his first Reading goal against Bournemouth last night... https://t.co/IZouMfTCcz via @YouTube
RT @DG95Official: What a great capture at @ReadingFC against @afcbournemouth last night! #readingfc #Bournemouth #MadejskiStadium ?
REACTION | The gaffer gave his take on yesterday's score draw with the Cherries on his first home outing: https://t.co/2EGMpmckMs
? Roy Beerens making his first appearance in a Reading shirt last night...
RT @MrFelixBrown: Truly the best game ever ?????? @afcbournemouth #afcb #yann #eddie #perfect @ReadingFC
ICYMI | New addition Yakou Meite spoke to us yesterday about making the switch to Madejski Stadium to join Reading: https://t.co/GRiwP91TvK
GALLERY | Have a look at some snaps from our final pre-season friendly fixture here: https://t.co/UEVd4kwuAZ
The gaffer was pleased to see his side dominate in parts against Premier League opponents: https://t.co/hw9YdyARqN
ICYMI | The Royals drew 1-1 against Premier League Bournemouth yesterday evening. Read: https://t.co/RMiuSU1gpn
WATCH | John Swift netted his first Madejski Stadium goal for Reading against @afcbournemouth last night... https://t.co/iJXyKzDQ5p
ICYMI | Yakou Meite became the latest addition to Jaap Stam's squad yesterday afternoon... https://t.co/mNkk3Z8U1t
WATCH | 8 of the outfield players were involved in the build-up to John Swift's goal against Bournemouth... ? https://t.co/kDBXEAWXwx
GALLERY | Check out some of the best snaps from our clash with the Cherries https://t.co/UEVd4kO5Zz
REPORT: John Swift's goal gave Reading a draw against top-tier Cherries tonight. Read... https://t.co/RMiuSUiRNX
FULL-TIME: Reading 1-1 AFC Bournemouth. John Swift's first goal for the Royals gives us a draw against the Cherries.
89' Van den Berg comes forward and wins a late corner for the Royals, which Kelly will take.
? | @AliAlhabsi at full stretch to deny a Bournemouth freekick!
87' Williams threads through for Rakels, but Ake just gets back in time to make the interception!
Final five minutes and we're still tied up at 1-1 against the Cherries - Swift's goal cancelled out Cook's opener.
85' Ake heads wide from a Gradel cross from the left.
81' Spectacular save from Al-Habsi! Flies through the air to palm away Gradel's curling free-kick and keep the score at 1-1!
80' Now our visitors have a free-kick just shy of 30 yards from goal as Gradel draws the foul from Obita.


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A wicked view of Quasimodo's House and Corner Quasimodo when it's hidden in fog
After you mosey through Quasimodo's house, you'll happen upon her Studio Shed in the rain. There you can see Quasimodo repeatedly animating a scene from her latest film, "The Banned Concert". Be sure to ask her a silly question!
Run from Zombie Mode
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Home > Press > World Malaria Day Casts Spotlight on New Funding to Portland Firm for Treatment of Malaria
DesignMedix completes Series A Financing and Adds Grant Dollars
Saturday, April 25 is World Malaria Day, an occasion instituted by the World Health Assembly to raise awareness about the deadly, mosquito-borne disease. Among those who are working to combat malaria is DesignMedix Inc., an early stage drug developer.
The company recently announced new funding for novel drugs to attack the disease, which infects more than 500 million people per year and kills more than one million. The company's drugs in development are more than ten-times more active than most other drugs. This enables lower cost of production and reduced safety concerns. They also overcome drug resistance, which has become a major worldwide concern. The drugs are being developed in partnership with Dr. David Peyton's laboratory in the chemistry department at Portland State University (PSU).
DesignMedix has completed Series A financing, raising just over $1 million. The financing includes funding from the Oregon Angel Fund, Angel Oregon 2009 LLC, Women's Investment Network, and Northwest Technology Ventures, as well as several private investors.
DesignMedix completed its current financing round in part with a recent win at the Oregon Entrepreneurs Network 2009 Angel Oregon Competition. The company was selected from a group of 50 entrepreneurial teams for the top investment prize of $150,000. DesignMedix was honored for the strength of its management team and its innovative technology for overcoming drug resistance.
"The company has a compelling and unique technology that could solve a major health problem," said Drew Smith, chairman of the judging panel.
In addition to the equity funding, DesignMedix's product development plans received additional support with the award of two major R&D grants. The Oregon Nanoscience and Microtechnologies Institute (ONAMI) awarded $246,000 for a joint project with Portland State University to develop nanotech formulations of the company's antimalarial drugs for prevention of malaria in travelers. The National Institute of Allergy and Infectious Disease (NIAID), part of the National Institutes of Health (NIH), provided a grant totaling over $1.3 million for drug development and preclinical studies. An additional grant from the government's stimulus funding to NIH is under review.
"The investment and awards reflect the fact the products DesignMedix is developing are important globally, and have the potential to save many lives," said Lynnor Stevenson, Ph.D., CEO of DesignMedix. "We are pleased to complete the funding in a difficult economic climate. The angel and investment community in Oregon has been very supportive of DesignMedix, and of our mission."
DesignMedix will use the funds to expand its product discovery efforts and take malaria drug candidate compounds forward into preclinical studies. In collaboration with PSU, OTRADI (Oregon Translational Research and Drug Development Institute) and the NIH, DesignMedix will investigate the application of the technology to other diseases.
About DesignMedix
DesignMedix was founded in 2006 to develop drugs to overcome drug resistance with an initial focus on curing malaria. The original technology, developed by Professor David Peyton, Ph.D., and licensed from Portland State University, has been further developed by the company to address malaria prevention and to treat other diseases that exhibit resistance. The company's initial focus is on oral drugs to treat malaria, which kills over a million people per year and affects up to 500 million people. The company has developed a series of novel drugs that have demonstrated efficacy and have the potential for low-cost production.
About Malaria and World Malaria Day
According to UNICEF, a child dies of malaria every 30 seconds in Africa.
Nearly one million children under five years old in sub-Saharan Africa die each year from the mosquito-borne disease. Approximately half of the world's population is at risk of malaria, particularly those living in lower-income countries. It infects more than 500 million people per year and kills more than 1 million. The burden of malaria is heaviest in sub-Saharan Africa but the disease also afflicts Asia, Latin America, the Middle East and even parts of Europe. World Malaria Day was instituted by the World Health Assembly at its 60th session in May, 2007, as a day for recognizing the global effort to provide effective control of malaria.
For more information, please click here
Lynnor Stevenson, Ph.D.
(503) 228-0451
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The National Marine Manufacturers Association (NMMA) express disappointment at Court's E15 fuel decision.
The National Marine Manufacturers Association (NMMA) said it was "disappointed" by a US court of appeals decision to dismiss its lawsuit against the US Environmental Protection Agency (EPA). The trade group and other manufacturing associations had earlier sued EPA over its decision to allow E15 into the country's fuel supply.
Recently the US Court of Appeals for the DC Circuit dismissed the case on procedural grounds. The marine trade association said it is "confident" that the court would have found that the EPA "overstepped its authority" in approving E15 if it had judged on the merits of the case. An NMMA statement said it is "evaluating" further litigation options.
"NMMA will continue to evaluate and address policy to protect boaters from misfueling and product failures associated with incompatible fuels and will take the necessary actions to ensure compatible fuels remain available and affordable," said NMMA President Thom Dammrich, in the statement. "EPA has failed in each regard and approved E15 in violation of its clear statutory requirements."
The regulatory authority approved the use of E15 in 2011 for a "subset" of highway motor vehicles built in model year 2001 and beyond. The agency excluded marine engines and other non-road engines.
But the NMMA has been vocal about the possibility of misfueling as E15 makes its way into the fuel supply. It has been distributing labels to the marine industry warning against fueling marine engines with E15.
Background: According to Wikipedia, E15 is one of many different ethanol fuel mixtures that can be blended with gasoline (petrol) in various ratios for use in unmodified gasoline engines, and with minor modifications can also be used with a higher content of ethanol.
Maritime Today
The Maritime Industry's original and most viewed E-News Service
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Arbitrage opens after ANS discount widen on ample supplies.
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Two services will be merged into one until further notice / Reason is change in market demand / All other services remain unchanged.
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The Korean Register has announced that it has successfully completed a feasibility study for the conversion of an 8,600 teu containership into a 10,000 teu vessel.
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Glencore books the STI Grace tanker to store fuel at sea-traders.
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Reviews - The Castle Hotel - a JD Wetherspoon Hotel3
Price FromView Rooms
Customer Reviews
Our reviews are from genuine LateRooms.com customers. We verify that the customer has stayed before leaving a review.
Very Good
95% would recommend it to a friend
Customer service
Food quality
Room quality
Very good but too expensive
Compared with Premier Inn it is too expensive
The Castle Hotel - a JD Wetherspoon Hotel
100% worth the money!.
we had a family room which the children's bedroom was separate from the living space & our bed which was brilliant for us. they had put colouring things and fruit shoots in the room for our children too. couldn't of asked for a better stay. although the pub was open we couldn't hear a peep of music etc. we all loved our stay ♡
Read More Less
Excellent value
This was our first time at a Wetherspoon Hotel so was not sure what to expect.
The room was fantastic, the choice of food was excellent and the staff were some of the friendliest I have come across for a long time. Would recommend this hotel and we will be returning.
Read More Less
Good hotel, poor bar service
Stayed for a colleague leaving party.
Two people behind the bar for a full pub meant we had to wait up to 10 minutes to get served. Speaking to people who vivist regular, this is NOT unusual.
Read More Less
Great Hotel and food good no complaints
My sister and I were greeted with friendly staff.
Had a nice twin room. Service in bar excellent and food good.
Read More Less
The Castle Hotel - a JD Wetherspoon Hotel
Spotless, well equipped and very comfortable room.
Quiet despite being in a pub. Excellently placed for visiting the town.
Read More Less
The Castle Hotel - a JD Wetherspoon Hotel
This is a nice hotel with the convenience of the restaurant downstairs.
Parking spaces are limited but we managed to get a space every day. Ruthin itself is beautiful.
Read More Less
We thoroughly enjoyed our stay at The Castle Hotel on Friday January 8th.
Check in was friendly and efficient and our room was excellent. It was spacious and spotlessly clean with a lovely large bathroom. We did not have dinner here but we did have breakfast the following morning. It was excellent value for money being a Wetherspoons but it was let down by being served lukewarm. However we will definitely be back to this hotel which is in a perfect position right on the square in Ruthin.
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Nice place
Great place to stay and good value.
Room was a family room in the attic and was lovely although I would say it is difficult to get to if you have a lot of baby stuff etc to carry also older people would find it a treck to the top. The food was usual pub / spoons fair and was nice enough and also good value.
The only gripe I had with the trip was that we had our 11 yr old with us who is sensible and was happy sat on his iPad was asked to leave the restaurant area at @ 9:45 pm so we all had to which spoiled the evening really. As I say he was sat on an iPad behaving better than some of the adults in there so really didn't see what the problem was.
Read More Less
Overnight stay for business
Everything all under 1 roof, rooms were fine and clean, the menu for evening meal extensive and the breakfast great value for money.


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We had a pleasant tour around the Castle today. Garreth the guide was very informative and had lots of anecdotes to share with us. The Castle is small in comparison to others I... read more
Your coupon (that we'll email you) gets you 20% off when you spend at least $250 on tours, activities and more that you can book on TripAdvisor or Viator. The more you spend, the more you save!
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Inspired by volleyball traditions for decades, this solid colored, 18-panel synthetic leather ball is ready for play. Durable construction and butyl rubber bladder, this volleyball is a designed with the recreational player in mind.
Product Details
- Sponge backed synthetic leather cover for soft feel
- 18-panel machine-sewn construction
- Butyl rubber bladder
- Indoor/Outdoor
- Official size and weight


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Home > News > Owlstone Nanotech Deploys Test Sensors
November 4th, 2005
Owlstone Nanotech Deploys Test Sensors
Owlstone Nanotech, Inc., a pioneer in the commercialization of nanotechnology-based chemical detection products, today announced a beta testing program with Kidde, the global fire and safety group. The Owlstone Sensor, a nano-fabricated chemical detection system, will be tested for suitability in the next generation of its safety detection, prevention and protection systems.
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Moore is collaborative and wise
Opinion: Letters To The Editor
I am excited to vote for Jackie Moore for the District 200 board. As a developmental psychologist, an active PTO parent and a volunteer with experience on several boards and committees, Jackie will bring expertise, experience and significant skills to the board.
I have served the past several years with Jackie on the board of the Collaboration for Early Childhood. I have a deep appreciation for her intelligent consideration of issues. Jackie listens carefully to all positions and brings a wealth of knowledge of the community and experience with children and families to bear in making decisions. She is collaborative, wise and thoughtful.
Jackie Moore is a person who is willing to work hard, research issues thoroughly and commit financial resources wisely. I appreciate her passion to see all students succeed, to have all parents engaged and all teachers supported.
Jackie will be an excellent board member. Join me in supporting her on April 9.
Joan White
Oak Park
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ecb.co.uk News
27th July 2015
England batsman Ian Bell took time out before the third Investec Ashes Test to help launch the Edgbaston Foundation, Warwickshire's new charity which will provide more sporting opportunities to youngsters in the region.
ecb.co.uk News
25th July 2015
More supporters than ever will flock through the turnstiles at Edgbaston for next week's eagerly anticipated third Investec Ashes Test.
ecb.co.uk News
10th June 2015
Warwickshire have revealed plans for extra seating at Edgbaston ahead of the Investec Ashes Test series in July.
ecb.co.uk News
8th January 2015
Tickets for three days of the third Investec Test Match between England and Australia at Edgbaston in July have sold out after being released in September.
ecb.co.uk News
26th June 2014
England players involved in the recent Investec Test series against Sri Lanka will be rested from all cricket ahead of the India series other than Moeen Ali and Chris Woakes.
ecb.co.uk News
21st August 2013
The ECB has announced that Warwickshire all-rounder Chris Woakes has been awarded an England increment contract for 2012-13.
ecb.co.uk News
2nd April 2013
The England selectors today announced a 30-man England Performance Squad (EPS) for the 2013 summer international season.


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Since June of 1995, the Berean Baptist Church in Winston-Salem, North Carolina has owned and operated conservative Christian radio station WPIP at 880 on the AM dial. The station can be heard locally in the Winston-Salem area from Sunrise until Sunset 7 days a week, 365 days a year.
Our station currently carries over 30 other local Bible-believing churches and their programs. Our format is conservative Christian and we carry some of the great preachers of years gone by such as Dr. Oliver B. Greene, Brother Lester Roloff, Dr. Bob Jones, Sr., and Brother Maze Jackson.
On July 15, 2000, WPIP went LIVE 24 hours a day 7 days a week over the World Wide Web and can now be heard around the clock around the world.
Broadcaster of the Week: "God's Message For You" Broadcast with Pastor Charles Worley, 3283 Providence Mill Road, Maiden, NC 28650, www.prbnc.com airs each Monday thru Friday @ 12:30pm, Tune Us In!!!!
Sponsor of the Week: Return America, Restoring our Judeo-Christian Heritage, In 2006, some of the board members of the NC Christian School Associaion became gravely concerned about the increasing lack of knowledge and respect for our Judeo-Christian heritage and dcreasing morality in America. As a result, Return America was officially started in Aprl 2006, of which Dr. Ron Baity is the Founder & President. To read about Return America principles, please go to: www.returnamerica.org
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The Count Toad's Frankly Rude Ride attraction, mechanically considered to be the only solar attraction at Disneyland
Count Toad was said to be the worst jogger in Holland. On this attraction, you act as if you are him, rupturing Toad Hall, upsetting the planet, being run over by a train, and even going straight to Grand Canyon!
Please don't try Princess Mode
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Originally posted on Fox Sports Detroit | Last updated 2/27/12
LAKELAND, Fla. -- If you're visiting the Tigers at their spring training home and you can't locate Jose Valverde, all you have to do is close your eyes and listen. You're sure to hear the voluble Dominican Republic native first, even though the 6-foot-4 Valverde is not hard to spot. As good a season as AL MVP and Cy Young winner Justin Verlander had, it probably wouldn't have been possible without Valverde there to close out his games. In his own way, Valverde was just as impressive as Verlander was last season, going a perfect 49-for-49 in save opportunities. In doing so, Valverde broke a 27-year-old team record of 32 straight converted saves, set by Guillermo Hernandez in 1984. Valverde became the second Tiger to reach 40 or more saves in a season, joining Todd Jones, who had 42 saves in 2000. Valverde has represented the Tigers in the All-Star Game the last two seasons and was named the Delivery Man of the Year, which goes to the most outstanding relief pitcher in the regular season. As with Verlander, his fellow JV, manager Jim Leyland was asked how Valverde could top that. "How do you improve on what he did? That's just one of those once-in-a-lifetime years for any pitcher," Leyland said. "He's going to be great this year. "But is he going to be 49-for-49? I can't answer that." Leyland would no doubt be delighted to hear what Valverde said about last season. "Last year, it's crazy what I'm doing, but it's over already," Valverde said. "I have to figure out what I have to do this year because now is spring training. "I have to work on what I have to throw in the season. Working for my sinker, working for my split-finger, all that." There is one thing that carries over from last season: Valverde's consecutive saves streak. When Eric Gagne was with the Los Angeles Dodgers, he went 55-for-55 in save chances in 2003 and ran his string to 84 straight in the 2004 season. Valverde, who has 75 saves in two seasons with the Tigers, still has a chance to break Gagne's record. "It's a lot. It's too much," Valverde said with a laugh. "If I do 85, there will be celebration, a lot. I have to start working right now on some dancing if I do 85 saves." Whether it's "too much" or not, Leyland will definitely be putting Valverde out there when the game's on the line in the ninth inning. "I obviously feel very comfortable putting him in there," Leyland said. "He knows how to prepare himself and he knows how to do it. That's why he's real good at it. "He's a special guy, he's a fun-loving guy, he's a good guy, he's got a great face, the whole ball of wax. "He's a real serious guy when he's on that mound. It may not appear that way to people because they know his personality, whatever that is, but he's real serious about what he does." Valverde is as exuberant and loud as the day is long, but that's part of what makes him successful. He has to be himself. "I have to be loud, like crazy, in my car, with the music and everything," Valverde said. "One of my friends when he ride with me told me, 'What are you doing?' "I say, 'Do your thing, let me do mine.' I don't want to be nervous in the game." Some people like to have quiet time, but Valverde said he doesn't need quiet. Ever. "In the Dominican, I have my ranch. I want to have noise everywhere," Valverde said. "I like it. "To be so serious, you be old quick. I don't want to be old." Valverde, 34, doesn't have to worry about being the oldest reliever, not with 38-year-old Octavio Dotel, a fellow Dominican, joining the Tigers this season. Along with Joaquin Benoit, also from the Dominican Republic and several months older than Valverde, the Tigers have a formidable Dominican-dominant back of the bullpen. Valverde was thrilled that Dotel made the Tigers his league-record 13th team and believes he can help the Tigers reach Valverde's ultimate goal, which has nothing to do with a saves record. "It's great," Valverde said. "Dotel is one of the guys. I think everybody would want to play with this guy. He play for a long time. He play for Houston, Oakland, Yankees. He know what he's doing. "I watch this guy pitching last year, and I feel great because he was in the World Series last year. "The Tigers have a chance to win the World Series. I think he bring energy for that."
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Idiopathic Intracranial Hypertension Medication
- Author: Mark S Gans, MD; Chief Editor: Andrew G Lee, MD more...
Medication Summary
Specific therapy for idiopathic intracranial hypertension (IIH) is aimed at lowering intracranial pressure (ICP) pharmacologically. Carbonic anhydrase inhibitors (eg, acetazolamide) and loop diuretics (eg, furosemide) are thought to exert their effect on ICP by reducing cerebrospinal fluid (CSF) production at the choroid plexus. Cardiac glycosides have a similar effect.
Corticosteroids are indicated on a short-term basis in patients who present with severe papilledema and compromise of their visual function. They are effective in reducing ICP, but the mechanism of action is unknown. Corticosteroids are often used as maximum medical management when rapid lowering of ICP is required.
Patients with IIH may experience headaches that have many of the features of migraine. These headaches can often be controlled with amitriptyline, propranolol, or other commonly prescribed migraine prophylaxis agents. Topiramate is also an excellent choice, in that one of its side effects is weight loss (a common association in IIH), which can help put the disease in remission.
Antiglaucoma, Carbonic Anhydrase Inhibitors
Class Summary
Carbonic anhydrase (CA) is an enzyme found in many tissues. It catalyzes a reversible reaction whereby carbon dioxide becomes hydrated and carbonic acid becomes dehydrated. These changes may result in a decrease in CSF production by the choroid plexus.
Acetazolamide (Diamox Sequels)
Acetazolamide is a nonbacteriostatic sulfonamide and a potent CA inhibitor that is effective in diminishing fluid secretion. It lowers ICP by decreasing production of CSF. Inhibition of CA results in a drop in sodium ion transport across the choroidal epithelium. Reduction of CSF production occurs within hours.
Acetazolamide commonly achieves long-lasting control of transient visual obscurations, headache, and diplopia, all of which are manifestations of intracranial hypertension, even though papilledema does not resolve completely. The effect on ICP is not sustained, and many patients develop adverse effects severe enough to hinder compliance.
Few patients tolerate dosages higher than 2 g/day, but 4 g/day may be required to produce a measurable pressure-lowering effect. Treatment is usually initiated at 1 g/day and increased to 2 g/day if symptoms are not controlled and adverse effects are not severe. Treatment with acetazolamide alone is not appropriate for patients who are experiencing progressive visual field loss.
Loop diuretics
Class Summary
Loop diuretics inhibit reabsorption of sodium in the ascending limb of the loop of Henle and have a weak inhibitory action on CA.
Furosemide (Lasix)
Furosemide inhibits CSF production, but the precise mechanism by which it does so is unclear. A combination of CA inhibition and an effect on sodium absorption across the choroid plexus may result in the decreased CSF production.
Cardiovascular, Other
Class Summary
Cardiac glycosides reduce CSF production at choroid plexus and reduce ICP.
Digoxin (Lanoxin)
Digoxin is present in high concentrations in the choroid plexuses of patients taking standard cardiac doses. It has been shown to reduce CSF production by as much as 78% in humans, probably by inhibiting the Na-K-ATPase pump. There has been only 1 report in which a patient with IIH was treated with digoxin, but the patient was asymptomatic, and thus, it is not known whether symptoms would have been controlled.
Class Summary
Glucocorticoids reduce ICP through an unknown mechanism.
The mechanism of action by which corticosteroids lower CSF pressure has not been established. Some believe that they may facilitate outflow at arachnoid granulations.
Prednisolone (Pediapred, Millipred, Orapred)
The mechanism of action by which corticosteroids lower CSF pressure has not been established. Some believe that they may facilitate outflow at arachnoid granulations.
Class Summary
Beta-blockers may prevent migraines by blocking vasodilators, decreasing platelet adhesiveness and aggregation, stabilizing the membrane, and increasing the release of oxygen to tissues. Significant to their activity as migraine prophylactic agents is the lack of partial agonistic activity. Latency from initial treatment to therapeutic results may be as long as 2 months.
Propranolol (Inderal LA)
Propranolol is FDA approved for migraine prophylaxis.
Tricyclic Antidepressants
Class Summary
Amitriptyline, nortriptyline, doxepin, and protriptyline have been used for migraine prophylaxis, but only amitriptyline has proven efficacy and appears to exert its antimigraine effect independent of its effect on depression.
Amitriptyline has efficacy for migraine prophylaxis that is independent of its antidepressant effect. Its mechanism of action is unknown, but it inhibits activity of such diverse agents as histamine, 5-HT, and acetylcholine.
Class Summary
These drugs are effective in prophylaxis of migraine headache.
Topiramate (Topamax)
Topiramate is indicated for migraine headache prophylaxis. Its precise mechanism of action is unknown, but the following properties may contribute to its efficacy: (1) blockage of voltage-dependent sodium channels, (2) augmentation of activity of the neurotransmitter GABA at some GABA-A receptor subtypes, (3) antagonization of the AMPA/kainate subtype of the glutamate receptor, and (4) inhibition of the carbonic anhydrase enzyme, particularly isozymes II and IV. Topiramate is also an excellent choice, in that one of its side effects is weight loss (a common association in IIH), which can help put the disease in remission.
Divalproex sodium/valproate (Depakote, Stavzor, Depacon, Depakene)
Divalproex is now considered first-line preventive medication for migraine. This agent is believed to enhance GABA neurotransmission, which may suppress events related to migraine that occur in cortex, perivascular sympathetics, or trigeminal nucleus caudalis. Divalproex has been shown to reduce migraine frequency by 50%.
Gabapentin (Neurontin)
Gabapentin is used for migraine headache prophylaxis. It has shown efficacy in migraine and transformed migraine.
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You've optimized your web pages to be search engine friendly, and they're ranking well in search result pages, but so what—if users don't actually do what you'd like them to do once they arrive at your web site.
A couple of weeks ago, in my article A New F-Word for Google Search Results, I wrote about a recent study that tracked user eye movements on Google search result pages. That study focused on how users perceived titles and snippets from organic results, as well as sponsored links.
The study found that users looked mostly at the top part of a search result page, with results lower down on the list getting little to no attention. These results were significant, because they reiterated the importance of organic search engine optimization to make sure that your web site has a fair chance of being found by Google users.
But what happens if you've created a great, search friendly page that shows up at the top of search results, and yet when people click through to that page they don't see your important marketing messages? Or their eyes are drawn to elements on the page that aren't central to the behavior you hope to elicit by attracting them to your web site in the first place?
And how would you even know?
Eyetools, the company that performed the eye tracking experiments for the Google study, offers some interesting additional research that can help you better understand how to design your own web pages for maximum impact after users have found your site via search engines.
Greg Edwards, a principal at Eyetools, pens a fascinating weblog called Eyetools Research where he describes the research and conclusions drawn from looking at a wide variety of web sites. Even if you don't do eye tracking studies yourself, the conclusions drawn from these studies can really help you understand how people read and behave on different types of web sites.
In one study, for example, Eyetools inserted gibberish into E*Trade's homepage to illustrate that content in a "visual dead zone" doesn't get read and might as well not exist. Some of the "gibberish" was astonishing—phrases like "FDIC distrusts us," "No Bank Quality," and "Will Lose Value"—statements that should have caused even semi-conscious users racing to abandon the page were noticed by only 1 in 25 people!
In another case, Eyetools analyzed a recent redesign of the Washington Post's home page. Eyetools concluded that the "above the fold" portion of the page was effective and well designed. But an eye tracking analysis suggested everything below the fold was virtually invisible, leading Edwards to conclude that the Post had wasted money on the design.
Greg's blog is relatively new, but his analyses and conclusions are fascinating, and should be a must-read for anyone interested in web site usability. Search marketers can also learn from these studies because they offer compelling evidence that there's more to search engine optimization than simply creating search friendly web sites that rank well on result pages.
To get a sense of how you can use eye tracking to design better web pages, Eyetools offers a PDF of a homepage redesign using Eyetools eye tracking (4 pages, 905 K, images of a site before/after, plus Eyetools heatmaps).
Want to discuss or comment on this story? Join the Google's (And Search Marketing's) Golden Triangle discussion in the Search Engine Watch forums.
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NOTE: Article links often change. In case of a bad link, use the publication's search facility, which most have, and search for the headline.
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Mileage: 86,952
Location: Pinconning, MI 48650
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