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Yesterday, GoodBulk Ltd., an owner and operator of dry bulk vessels announced that it has entered into an agreement to acquire 7 to 13 Capesize dry bulk carriers from entities managed by CarVal Investors. Delivery of the vessels is expected to occur during the 4th Quarter of 2017 and the 1st Quarter of 2018.“We are excited to partner with CarVal Investors in this transaction as we continue to execute upon the Company’s strategy of building an industry leading platform for investment in dry bulk vessels,” commented Chairman and CEO John Michael Radziwill. “Not only does this transaction provide GoodBulk’s shareholders with increased Capesize exposure at what we believe to be an opportune time in a recovering market, it is expected to be immediately accretive to Net Asset Value per share while reducing the Company’s normalised break even cost by ship ownership day and reducing the average fleet age by approximately 1.4 years. Furthermore, with a significant share component priced at a premium to NAV this transaction underscores the value of the GoodBulk platform.”Funds managed by CarVal Investors will receive for the initial 7 vessels up to 10.5 million common shares in GoodBulk, with USD 61 million of existing borrowings expected to be refinanced under current and new GoodBulk credit facilities. Upon completion of the base transaction of 7 Capesize vessels, GoodBulk will control a fleet of 19 vessels with an average age of 9 years, consisting of 16 Capesize, 1 Panamax, and 2 Supramax vessels. The Company’s leverage ratio of net debt to gross asset value is expected to remain below 30%. GoodBulk will have the option to acquire up to an additional 6 Capesize vessels.“As an investor in the shipping industry we believe GoodBulk’s management and founders have created a best in class platform for consolidation in the highly fragmented dry bulk sector,” added CarVal Investors’ Principal Gregory Belonogoff. “The Company’s flat corporate structure results in a very cost-efficient company while its long-term strategic partnership with its manager C Transport Maritime brings immediate benefits of scale through commercial consolidation. We look forward to working with GoodBulk’s management, and current and future shareholders as we continue to grow the Company.”Following completion of the transaction, funds managed by CarVal Investors will be GoodBulk’s largest shareholder. The Company’s board of directors will increase by two members. Gregory Belonogoff, a Principal of CarVal Investors will join the Board, and an Independent Director to be elected by the Company’s shareholders.“This acquisition constitutes a great development for GoodBulk,” said Milos Brajovic, Partner of Lantern Capital Partners, on behalf of the GoodBulk Board. “CarVal’s decision to partner with the Company in this transaction further validates GoodBulk’s market positioning and ability to develop into a landmark dry bulk shipping platform.”Morgan Stanley acted as financial advisor and Brown Rudnick LLP, Conyers Dill & Pearman Limited and Advokatfirmaet Thommessen AS acted as legal advisors to the Company in connection with the transaction. CarVal Investors were represented by Richards Kibbe & Orbe and Reed Smith LLP.Sea News, October 27 Author: Priyanka Ann Saini
Pentek has introduced a dual channel analog-to-digital and digital-to-analog converter with sample rates up to 6.4 GHz. The Model 54141A is part of the Jade family of data converter 3U VPX modules based on the Xilinx Kintex Ultrascale FPGA. Programmable DDCs (digital down-converters) and DUCs (digital up-converters) support connections to IF or RF signals.The Model 54141A combines Pentek’s 71141 XMC module with a 3U VPX carrier, yielding a powerful, forward-looking package for very wideband communications or radar applications that require advanced I/O resources. Not only does it comply with the VITA 65.0 3U VPX specification, it also offers flexible analog and digital interface options for the VPX P2 backplane connector to meet system-specific requirements. In addition to its PCIe Gen.3×8 interface on the VPX P1 connector, it is possible to add up to 8 more gigabit serial lanes connected directly to the FPGA for supporting user-installed protocols.The Model 54141A supports the emerging VITA 66.5 optical interconnect standard by providing four optical duplex lanes to a mating spring-loaded backplane connector. With the installation of a serial protocol like 10 or 40 Gigabit Ethernet in the FPGA, the interface enables high-bandwidth digital communications between boards or chassis independent of the PCIe interface.For flexibility across different I/O requirements, the board can be optioned to support VITA 67.3C. This provides analog signal routing through the VPX backplane to replace front panel connectors for RF In/Out, Sample/Reference clocks and Gate/Trigger/Sync/PPS signals. This option is often required in ruggedized deployments and for simplifying unit field replacements and upgrades.A/D Stage and Digital Down-ConverterThe Model 54141A uses the Texas Instruments ADC12DJ3200 12-bit A/D converter with an input bandwidth of 6 GHz, which operates in single-channel interleaved mode with a sampling rate of 6.4 GHz or in dual-channel mode with a sampling rate of 3.2 GHz.Digital Up-Converter and D/A StageA Texas Instruments DAC38RF82 D/A with DUC accepts a baseband real or complex data stream from the FPGA and delivers it to the interpolation, up-conversion and dual D/A stages for output signals up to 4 GHz. The two 6.4 GHz 14-bit D/As pair well with the dual input channels while delivering more than twice the output performance of previous generations of Pentek products.Performance IP CoresThe Model 54141A factory-installed functions include two A/D acquisition modules and a D/A waveform generation IP module. In addition, IP modules for DDR4 SDRAM memories, a controller for all data clocking and synchronization functions, a test signal generator and a PCIe Gen.3×8 interface complete the factory-installed functions. An optional VITA 49.2 data transport protocol IP module conveys digitized signal metadata for signal acquisition and processing elements in communication, radar or storage systems. System integrators get to market with less time and risk, because the Model 54141A can provide a complete turnkey acquisition/generation solution, often without the need to develop FPGA IP.The Jade ArchitectureThe Pentek Jade Architecture is based on the Xilinx Kintex UltraScale FPGA, which raises the digital signal processing (DSP) performance by over 50% with equally impressive reductions in cost, power dissipation and weight. As the central feature of the Jade Architecture, the FPGA has access to all data and control paths; enabling factory-installed functions including data multiplexing, channel selection, data packing, gating, triggering, and memory control. A 5 GB bank of DDR4 SDRAM is available to the FPGA for custom applications. The x8 PCIe Gen 3 link can sustain 6.4 GHz data transfers to system memory. Eight additional gigabit serial lanes and LVDS general purpose I/O lines are available for custom solutions.Navigator Design Suite for Streamlined IP DevelopmentPentek’s Navigator Design Suite consists of two components: Navigator FDK (FPGA Design Kit) for integrating custom IP into Pentek sourced designs and Navigator BSP (Board Support Package) for creating host applications. Users can work efficiently at the API level for software development and with an intuitive graphical interface for IP design. The tools reduce the development time and cost associated with complex designs. The Navigator BSP is available for Windows and Linux operating systems. Unlike others in the industry, Pentek still provides application support to customers at no cost.Pre-Configured SPARK System Ready for Immediate UseWith a Pentek 8266 SPARK PC, 8264 SPARK 6U VPX, or 8267 SPARK 3U VPX development system, work can begin immediately on applications. A SPARK system saves engineers time and expense associated with building and testing a development system and ensures optimum performance of Pentek boards.Click here to learn more about this product.
Pat Lam’s side take on the Top 14 high-flyers for the third time this season, having faced off home and away during the group stages.Jono Gibbes’ side ran out 22-35 winners at Ashton Gate thanks to a second-half fightback, while a young Bristol side battled to a famous 3-13 win at Stade Marcel-Deflandre. Here’s everything you need to know about Sunday’s last eight clash.
RENOWNED motivational speaker, Jim Rohn, once said: “Success is steady progress toward one’s personal goals”. This applies to 13-year-old student-athlete, Atiya Thompson, who is steadily making progress towards her own goals in cycling.Atiya, who is a second-form student at Brickdam Secondary School, copped two Gold medals at the recently concluded National Schools Cycling, Swimming and Track and Field Championships; her medals came in the U-14 800M and 1500M cycling races, respectively.Representing North Georgetown (District 11); the outspoken Thompson told Chronicle Sport that it was back in 2017 when she first became interested in cycling.Upon representing her district, she didn’t do so well that year in her special events: the 800M and 1500M races.However, Atiya noted that due to her disappointing results, she vowed that she would do better in 2018, which is just what she did, with much satisfaction and gold medal rewards.Quizzed about her preparations and routines, Atiya revealed that she trains within her community, Turkeyen, Sophia, most of the times, after school and in the mornings. Her commitment and discipline paid dividends, which she said, gave her even more motivation to do better and reach for more.“This year I set myself the goal of winning at least one gold medal and I ended up with two (medals); last year I didn’t do very well. After placing fifth and eighth in my races, I was motivated a lot, thus, I put my all into training and I ended up making myself proud, my parents proud and I also won valuable points for my district.”“My future goals are to become even more involved in cycling, this is something that I am passionate about, that I love, and I want to participate in more cycling events. Apart from cycling, I also have my sights set on bettering my performances in academics.”Atiya credits her support system, which is made up of her parents, especially her father, Seon Thompson (a Guyana National Newspapers Limited employee) for her success. She explained that her father played a pivotal role in her success with his dedication to her training along with his invaluable advice.Come 2019, Atiya expects to expand her events and better her medal tally; so cycling fans and enthusiasts, look out for this rising star.
LOOK: Taal Volcano island 2 days after eruption Don’t miss out on the latest news and information. Andreescu seems remarkably mature and capable of handling all the notoriety that’s come with her recent U.S. Open victory. This week will provide her initial test in dealing with star status at an elite event.“I found that I deal pretty well under pressure,” said Andreescu, who finished the season 48-5 and was 8-0 against top 10 opponents before losing to Osaka in Beijing this month. “Don’t ask me how. I think my game just elevates to another level unconsciously, which I’m really grateful for. I think that’s why I play my best against the top players. That was more when I was an underdog, so let’s see how it is now.”On Sunday, Osaka will try to improve her career record to 2-0 over Kvitova, while Barty and Bencic meet for the first time. On Monday, Andreescu will face Halep for the first time. FILE – In this Oct. 4, 2019, file photo, Ashleigh Barty, of Australia, hits a backhand shot against Petra Kvitova, of the Czech Republic, during a women’s singles quarterfinal match in the China Open tennis tournament at the Diamond Court in Beijing. Barty is ready to cap off the most successful season of her career with a first appearance in the year-end WTA Finals. (AP Photo/Mark Schiefelbein, File)SHENZHEN, China — Ashleigh Barty of Australia is ready to cap off the most successful season of her career with a first appearance in the year-end WTA Finals.Barty achieved a number of career firsts this season, winning a Grand Slam title at the French Open, earning the No. 1 ranking and leading Australia to the upcoming Fed Cup final.ADVERTISEMENT ‘Gago’ MOST READ Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles01:04Daybreak as smoke, ash billows from Taal volcano01:05Poor visibility, nakaapekto sa maraming lugar sa Batangas03:028,000 pulis sa Region 4-A, tuloy ang trabaho03:57Phivolcs, nahihirapan sa komunikasyon sa Taal01:04Sold-out: Stores run out of face masks after Taal spews ash01:45Iran police shoot at those protesting plane shootdown Only Osaka of the four has played in the WTA Finals, losing all three of her round-robin matches in her debut last year. Although she’s arrived tired from winning titles in Osaka, Japan, and Beijing, she’s hoping to have a better showing than in 2018.“I think last year, the end of the year was just so hectic for me, and I didn’t really remember anything,” Osaka said. “Honestly, by the time I got here, I was just so tired.”Barty, Osaka and Bencic are featured in the Red group, along with two-time Wimbledon champion Petra Kvitova of Czech Republic. Andreescu is in the Purple group with reigning Wimbledon champion Simona Halep of Romania, Karolina Pliskova of Czech Republic and defending champion Elina Svitolina of Ukraine.Many are suggesting one of the younger players will hoist the trophy. Serena Williams, at No. 9, didn’t make the field. But Barty doesn’t believe the players have an advantage over their competitors.“In my opinion, I don’t think there ever is a favorite,” Barty said. “I think everyone is deserving to win that’s in the draw. On any given day, anyone can be beaten. That’s the beauty of sport, there are no certainties.”ADVERTISEMENT 400 evacuees from Taal eruption take refuge in Mt. Banahaw DSWD Bicol donates P1.5M worth of food packs for Taal eruption evacuees Phivolcs: Cloud seeding in ashfall affected areas needs study 2 village execs nabbed in Bohol buy-bust Federer beats Tsitsipas at Basel; faces De Minaur in final Sports Related Videospowered by AdSparcRead Next ‘People evacuated on their own’ LATEST STORIES No need to wear face masks in Metro Manila, says scientist “It’s been an incredibly consistent year across all surfaces, across all continents in the world,” Barty said. “I feel like (I’ve) played an exceptional level of tennis.”The WTA Finals, which debuts its scheduled 10-year run in Shenzhen on Sunday, is welcoming more members of the younger generation to the $14 million event that features the top eight players in the world and the richest payday.FEATURED STORIESSPORTSAndray Blatche has high praise for teammate Kai SottoSPORTSBig differenceSPORTSAlmazan status stays uncertain ahead of Game 4The singles winner is guaranteed at least $4.1 million, which makes it the biggest tournament paycheck for men or women in the sport. If the WTA Finals champion goes undefeated in round-robin matches, she’ll earn $4.725 million in prize money.The 23-year-old Barty is joined in Shenzhen by 19-year-old Bianca Andreescu of Canada, who won her first Grand Slam trophy at the U.S. Open last month; 22-year-old Naomi Osaka of Japan, the 2018 U.S. Open and 2019 Australian Open champion; and 22-year-old Belinda Bencic of Switzerland, the last player to qualify for the field. View comments
Here are the top transfer-related stories in Tuesday’s newspapers…Lionel Messi has indicated he will not be renewing his deal with Barcelona when it expires in 18 months’ time, putting Pep Guardiola and Manchester City on alert. (Marca)Daniel Sturridge is ready to quit Liverpool – a move which will kick off a major battle for his signature. England striker Sturridge is frustrated after slipping down the pecking order at Anfield, and could leave Merseyside in the looming January transfer window. West Ham and Stoke are among the clubs interested in the marksman. (Daily Mirror)West Ham are weighing up a shock January move for Troy Deeney. The Hammers have Watford skipper Deeney in their sights as they renew their attempts to land a big-money striker. (Daily Mirror)Mesut Ozil is closing in on a £200,000-a-week deal to stay at Arsenal. Attacking midfielder Ozil and his representatives have held further negotiations with the Gunners during this international break. Arsenal are confident the 28-year-old wants to sign and stay, and they are ready to make him the highest-paid player at the club. (Daily Mirror)Manchester United have joined the pursuit of young Portugal international Andre Silva. The forward, who turned 21 last week, has drawn the interest of a number of Europe’s leading clubs with his recent performances for FC Porto and Portugal and has a release clause of €60million. (Daily Mirror)David de Gea is back on Real Madrid’s radar with the Spanish giants considering meeting the £52m release clause in the Manchester United goalkeeper’s contract. (Marca)Liverpool manager Jurgen Klopp is ready to do battle with his former club Borussia Dortmund to sign Borussia Monchengladbach midfielder Mahmoud Dahoud, 20. (Bild)Mike Phelan wants bad-boy Ravel Morrison to boost Hull’s battle to beat the drop. Tigers boss Phelan is planning to move for the troubled ex-Manchester United and West Ham midfielder in January, who is being let go by Italian giants Lazio. (The Sun)Leicester City will demand over £10million for Sunderland target Leonardo Ulloa in January. David Moyes, the Sunderland manager, is ready to move for Ulloa when the transfer window opens but Leicester are determined to recoup a significant fee if they agree to sell the striker. (Daily Telegraph)And here are the latest talkSPORT.com headlines…?‘Who are they?’ LISTEN to Ian Holloway’s epic talkSPORT rant at Football Association and England’s failuresChelsea FC transfer news: Serie A sensation linked with stunning £43m switch to Stamford BridgeManchester United FC transfer news: Chris Smalling and Luke Shaw among FOUR Old Trafford stars targeted by Inter MilanTransfer report: Werder Bremen dismiss reports linking former Arsenal winger Serge Gnabry with Bayern MunichTransfer report: Everton and West Ham eyeing Manolo Gabbiadini as Napoli prepare to sell striker in JanuaryChelsea FC transfer news: Antonio Conte tracking Kostas Manolas as Roma contract talks stall Transfer news: Julian Weigl a wanted man as Barcelona join Manchester City in chase for Borussia Dortmund starletLiverpool FC transfer report: PSV Eindhoven winger Luciano Narsingh on Jurgen Klopp’s radarFulham transfer report: Cottagers considering move to sign former Sunderland midfielder Alfred N’DiayeArsenal and Manchester City BLOW! Wonderkid Moise Kean set to sign first professional deal with Juventus