News / Seaspan has ‘no worries’ Hanjin will default on charters; while HMM wins some rate cuts

first_imgBy Mike Wackett 27/04/2016 The world’s largest containership leaser, Seaspan, says it has “no material concerns” about its exposure to troubled South Korean ocean carrier Hanjin Shipping.It said the carrier “continues to make charter hire payments regularly”, and it “did not anticipate any charter breaks”.CEO Gerry Wang said: “We have not received any request from Hanjin to renegotiate charter hires.”According to Alphaliner, Seaspan has seven 10,100 teu ships on ten-year charters to Hanjin, expiring in 2024/25 at a fixed daily hire rate of $43,000.The consultant said three of the ships were owned by Seaspan and four were managed on behalf of Greater China Intermodal Investments (GCI), a Marshall Islands-based investment vehicle set up by Seaspan and two other investors.During yesterday’s Q1 16 earnings call, Mr Wang faced a barrage of questions on Seaspan’s relationship with Hanjin. It was noted that a breach in the terms of a charter party by Hanjin would be the first in the company’s 11-year history.Mr Wang suggested that given the importance of both Hanjin and its bond-defaulting compatriot HMM to the South Korean nation, the government would be obliged to step in to the rescue.However, the executive did not elaborate on reports that a rescue plan for the Korean carriers would be conditional on obtaining charter rate reductions.Vancouver-headquartered Seaspan has built up a fleet of 118 containerships representing 935,000 teu, linked to its business plan of fixed-rate long-term charters to blue-chip shipping lines that it says insulates it from the volatility of the charter market.The company has been able to raise money to build new ships based on the business plan – at March 31 it had $5.7bn underpinned by charter parties.For the first quarter, Seaspan reported an EBITDA of $164m from revenue of $215m and it said was “following a dividend policy aimed at substantially returning capital to shareholders”.Although Seaspan’s ships have an average of five years remaining on their charters, the company will have twelve 4,250-4,600 teu panamax vessels and one 8,500 teu ship with charters expiring this year. In the case of the panamax ships, the prospect of re-chartering was “challenging”, admitted Seaspan.Mr Wang said he was “excited” by the forthcoming alliance changes, and optimistic they could have benefits for Seaspan, given that the members of the likely three mega-alliances will need to match their fleet with their partners and thus need to upgrade ships.“We have already had calls from members of new alliances enquiring about new ships,” said Mr Wang.Meanwhile, according to an insider source, HMM obtained charter hire reductions from two shipowners last week.The source told The Loadstar: “Danaos Corporation and Zodiac Maritime became positive [reducing hire rates] at the third round of discussions, but with Navios Maritime Partners, Eastern Pacific Shipping, and Capital Product Partners, HMM has still to reach agreement.”HMM has around 33 container vessels on charter, including five 13,100 teu ships covered by a 12-year fixed-rate charter party with Greek shipowner Danaos. By a rough calculation, the carrier could have reduced the hire rate on 60% of its chartered ships.last_img read more

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Laois student the highest achiever in well-known Kilkenny school with 625 points

first_imgHome News Community Laois student the highest achiever in well-known Kilkenny school with 625 points NewsCommunity Facebook Twitter RELATED ARTICLESMORE FROM AUTHOR WhatsApp GAA WhatsApp TAGSDurrowFionn WhelanSt Kierans College Kilkenny Facebook One Laois student has topped the class of a prestigious secondary school just over the border.Fionn Whelan from Durrow, achieved the top marks of 625 points in St Kieran’s College Secondary School, Kilkenny.A former student of Our Lady’s Meadow Durrow NS, Laois can certainly take credit in helping to form a vital part of Fionn’s education!Fionn’s father Dr Enda Whelan, a local dentist in Churchview Dental Practice, Portlaoise, is modest about his son’s success.“Ah yeah, they are exceptional results yeah. He’s not a bookworm by any means, but he worked hard in his final year,” said Enda.Fionn now hopes to do Engineering in UCD, going into General Engineering in first year, before branching off into a specific area of the topic in the following years.Fionn certainly has the aptitude for engineering, having studied subjects such as Applied Maths, Chemistry and Physics.He was even on an Applied Maths trio from the secondary school which won a national competition not too long ago.As stressful as the Leaving Cert can be, Fionn didn’t let the state exams take over his life.A member of The Harps GAA club, Fionn played an instrumental part in their U19 hurling county final last year, which saw The Harps claim the county title after extra-time.SEE ALSO – In Pictures: Joy and relief with Coláiste Íosagáin Leaving Cert results Pinterest By Siun Lennon – 13th August 2019 Previous articleIn Pictures: Joy and relief with Coláiste Íosagáin Leaving Cert resultsNext articleIn Pictures: Happiness with results at Heywood CS – and one student with 625 points Siun Lennonhttp://heresosiun.blogspot.ie/2016/09/the-lekkie-piccie-experience.htmlSiún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. Pinterest Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory GAA 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin Twitter GAA Laois student the highest achiever in well-known Kilkenny school with 625 points Here are all of Wednesday’s Laois GAA results last_img read more

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Mike Quirke: ‘We haven’t been good enough to stay in the division, that’s the reality of it’

first_img WhatsApp Facebook Pinterest Facebook Electric Picnic Home Sport GAA Mike Quirke: ‘We haven’t been good enough to stay in the division,… SportGAAGaelic Football Here are all of Monday and Tuesday’s Laois GAA results When you play four games and lose all four of them (by an average of almost nine points), there’s no real argument that you don’t deserve to be relegated.And after the Laois footballers lost 2-19 to 2-12 to Down in Newry last night, manager Mike Quirke said that himself.While there were many aspects of his side’s performance that were better than anything shown in the three opening games, the concession of two soft goals and missing four decent chances themselves ensured Down came out on top in this Division 2 relegation playoff. Pinterest GAA Twitter Previous articleLaois ladies footballers go in search of Division 3 league final place against RoscommonNext articleAll the recent job vacancies as advertised on LaoisToday LaoisToday Reporter center_img TAGSLaois senior footballersLaois v DownMike Quirke By LaoisToday Reporter – 13th June 2021 Laois County Council granted almost €500,000 from Additional Outdoor Infrastructure Fund RELATED ARTICLESMORE FROM AUTHOR Laois will play in Division 3 again in 2022. They now head into their Leinster championship quarter-final against Westmeath in three weeks time on the back of five consecutive defeats when you also factor in last year’s big loss to Dublin.Speaking afterwards, Quirke accepted it was “most disappointing” but “we weren’t good enough at the end of the day”.“We conceded two terrible goals and then we didn’t capitalise on our chances,” he said.“We had four other great goal chances, including a penalty, that we didn’t take and you can’t do that.“We’re not good enough to be giving up four goal chances and not taking them. We played four games, we haven’t won a game, we haven’t been good enough to stay in the division, that is the reality of it.”Quirke lamented an “uncharacteristic mistake” from goalkeeper Niall Corbet for Down’s second goal as well as their own goal misses.Evan O’Carroll had shots stopped by Down keeper Rory Burns in either half while Paddy O’Sullivan missed one in the first half and Donie Kingston’s penalty went over the bar in the second (between Down’s two goals).Even more damning however was that Laois played more than half of the second half with an extra man (following a black card for Ryan McEvoy and a red card for Ger McGovern) but saw a one-point lead at half time turn into a seven-point loss.“Niall Corbett has been excellent for us,” said Quirke.“He was very unfortunate to make a mistake. He had made a brilliant save in the first half, (but) made an uncharacteristic mistake, then we go down the field and have a fantastic chance, win a penalty and we don’t take the penalty and suddenly it’s a six-point swing.“We probably had a couple of great goal chances in the first half – keeper made two or three really good saves.“Evan had another good chance in the second half. We didn’t take our goal chances and we didn’t capitalise enough on their black card and sending off at the end so look it’s hugely disappointing.“We had enough goal chances that we could have finished with three or four goals comfortably. That bit of momentum in the second half with the goal we conceded and missing the penalty just after it.“That would have negated the goal, the mistake, and we would have been right back in the game. We would have been level at the water break and otherwise it went the other way, they got a bit of momentum, a bit of belief from it and we probably suffered the opposite.“Even their first goal was fortuitous, your man was going for a point and it dropped short and he gets a flick on.”“Have we not got the players or have we not got the style?” asked Jack Nolan in the interview.“Look I suppose there are a couple of things,” replied Quirke. “There is a different age profile in the Down team than there is in our team and sometimes you can’t coach pace or turn people into athletes.“We have loads of footballers and we created loads of chances in the first half that we could have taken and we’d have been in a much better position.“But in terms of that type of pace and power we don’t have that within our team, that’s the reality of it.“It’s fine saying we should be running the ball with more pace but if you don’t have that weapon you can’t be using it.“We created loads of chances, defended really well in the first half, conceded two really poor goals, we missed a penalty and three other good chances for goals and ultimately we go down.“The difference is the scoreboard and the scoreboard reflects we weren’t good enough to win.”The focus now turns to Westmeath in the Leinster championship in the first weekend of July.“It’s a big challenge. Fellas are very disappointed. Guys have been working really, really hard since the break with Covid have done huge work and it’s really hard on the players to be honest that they didn’t get the reward that their effort deserves.“That’s what I’m most disappointed for those fellas. I know the work they put in, I know how dedicated they’ve been and I know when you look at those performances it doesn’t reflect that and we haven’t looked a good enough team to stay in the division.“So I’m disappointed for all of us but particularly the players but ultimately you have to show it on the field and we haven’t been good enough in the four games we’ve played.“If you haven’t won a game you can’t have too much complaints about being relegated.”SEE ALSO – Laois ladies footballers go in search of league final place Community Mike Quirke: ‘We haven’t been good enough to stay in the division, that’s the reality of it’ Twitter WhatsApp Electric Picnic receives €423,000 funding under Live Performance Support Schemelast_img read more

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The Lack of Electricitydue Due to Low-Precipitation

first_img AvatarShin Joo Hyun NewsEconomy Facebook Twitter SHARE US dollar and Chinese reminbi plummet against North Korean won once again RELATED ARTICLESMORE FROM AUTHOR News By Shin Joo Hyun – 2007.12.13 12:49pm center_img The Lack of Electricitydue Due to Low-Precipitation There are signs that North Korea is running into serious difficulties with its corn harvest News North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) News [imText1]With North Korea entering a period of low-precipitation winter season (dry season), it seems that the electricity situation is worsening. A source from the North Hamkyung Province said recently, “We hardly see electricity.” The source commented in a phone conversation on the 10th that people live having no idea of what is going on in the outside, “There is no electricity in the evening, so we cannot even watch Chosun Central TV. Moreover, it takes 10 days for the Rodung Shinmun to arrive.” Rail operations have been irregular due to the power shortage, which accounts for the problems in newspaper delivery. North Korean rail runs on electricity. The nongovernmental organization Good Friends relayed that Kim Jong Il issued the following order since October, “Trains should run on a fixed schedule.” As a result, operation hours were in order, but due to the shortage of electricity, the delay in operations has been reoccurring. The Pyongyang-Hamheung train which usually took about a week was curtailed to 1-2 days, but has returned to previous status recently. The source expressed that what grieves him the most is eating meals in dark rooms and that children cannot study. “They do not give us any electricity from 5 a.m., which is when most people prepare their morning meals, to 8 a.m. and between 6 p.m. to 11p.m.” Upon being asked, “Do you have any resentment about the fact that there is a black-out during the hours when citizens use electricity the most?” he replied, “However, there is some electricity during the night and in the daytime, which is generous by North Korean standards. Outside of the city, in the farming villages, people live without any electricity.” The power situation in North Korea became worse since last year, so instead of distributing household electricity to political organizations, army units, employee enterprises, and farm threshing floors, only one to two hours of electricity are being provided to average homes in mid-sized cities. North Korea mostly runs on hydroelectric power, so the power shortage is especially severe during the low-precipitation winter season. During North Korea’s winters that are lacking in fuel and even firewood, many go through the season without any heat. One bundle of wood is 500 won, 20 kg of brown coal costs 1,300 won, and 20 kg of coal is 1,100 won. Korean-Chinese people who visit North Korea during this season use the expression, “Civilians who live in North Korea without any heat seem like wild animals.” North Korea offers privileges of providing electricity to political organizational leaders first. The upper-class have prepared for black-outs by keeping generators inside their homes.last_img read more

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The Cleanest of the Clean?

first_img [imText1]As the number of favorable reviews confirms, B.R. Myers has written an insightful and interesting book in “The Cleanest Race: How North Koreans See Themselves- And Why It Matters.” In it he employs Seoul’s archive of North Korean domestic news and his own language skills to go past the sanitized propaganda of the Chosun Central News Agency (KCNA) and its ilk to the stories and ideas that the North Koreans themselves see and hear. In so doing, he has successfully exposed the chasm between what North Korea puts out for international consumption and what it reserves for its own people, and this is unquestionably important work. The former focuses on, at various times and depending on the audience, one or all of communist solidarity, the desire for peace in the face of an intractable U.S. and/or South Korean enemy, the Juche ideology with its talk of humanism, the impending victory of the North Korean military over the aforementioned U.S. and/or South Korean enemy, and the need for inter-Korean solidarity in the face of international pressure. The latter, domestic propaganda, however, is rather uglier, and far less palatable on any level; a brand of racist “paranoid nationalism” which asserts the innate moral superiority of the Korean people and makes it clear that by not being crushed beneath American imperialism like its southern neighbor, North Korea is, morally and militarily, the better half of the peninsula, but with the caveat that, due to that innate moral purity, there is a need for a strong, parental leader to protect the people from the cruelty surrounding and threatening them. It is a nuanced form of fascism, and it has more in common with the ideas of imperial Japan and Hitler’s Germany than the rest of the former communist bloc.It is this second position which Myers throws light on in the book, and it is this which represents the most important contribution the book is likely to make; its ability to take the reader from a historical overview of the birth of the North Korean state through to a convincing argument that, given its racist worldview, absolute lack of moral compass in international dealings and conviction that nuclear weapons are an intrinsic part of its claim to being the “better Korea,” no amount of negotiation or aid is ever likely to cause the North to relinquish its nuclear armory or start behaving like a bona fide stakeholder in the international community. However, there are some things which Myers claims in his work that seem to be leaps of faith, too. Some of his assumptions about how the North Korean people view their own propaganda seem rather presumptuous. For example, speaking of the propaganda monuments that litter the country, is there really “no doubt,” as Myers asserts, that “North Koreans feel as much pride in these enduring monuments of strength and unity as Americans feel at the sight of the Lincoln Memorial”? Does Myers not think the repressed or the hungry may feel that such monuments are symbolic of their repression or hunger, though they may not feel able to say so? Similarly, are the Arirang mass games, “in which scores of children of the same height, body type and hairstyle dance and leap in unison” really “joyous celebrations of the pure-bloodedness and homogeneity from which the race’s superiority derives”? Judging by the way defector Han Sung Ju described his Arirang experiences in a 2007 Daily NK interview, it is anything but a “joyous celebration,” while claims of compulsory audience attendance at the 2008 performances do not suggest much joy, either. Furthermore, is it fair to make the leap of intellectual faith that “the army’s maraudings during the famine” indicate that “celebration of instinctive behavior has affected the culture of the real life military”? It is hard to agree that a hungry soldier stealing food from the local populace during a nationwide period of mass starvation really constitutes a “celebration of instinctive behavior,” and judging by the tale of jailed grain thief Park Won Guk in one of The Daily NK’s “Lee Jun Ha’s prison tales” last year, a dim view is taken of such thievery by the North Korean authorities as well.Nevertheless, it is the thrust of the book which is important, and none of these criticisms detract from the overall value of the argument put forward by the author. North Korea is not a benign and misunderstood communist relic; it is a ruthless military dictatorship with a deep-seated racist suspicion of all other peoples which is unlikely to alter as long as its paranoid, ultra-nationalist leaders are hiding behind a small collection of nuclear weapons within the mock-Communist edifices of their showpiece capital. For saying so in a clear, concise and enjoyable manner, we should be grateful to B.R. Myers. News AvatarChris Green Facebook Twitter SHARE RELATED ARTICLESMORE FROM AUTHOR News By Chris Green – 2010.02.25 5:57pm center_img The Cleanest of the Clean? News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak There are signs that North Korea is running into serious difficulties with its corn harvest News North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

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Neuberger Berman, University of Waterloo form research partnership

first_img“We must continue to advance the field of quantitative investing in order to create the most effective strategies for our clients,” said Ray Carroll, chief investment officer of Neuberger Berman Breton Hill. “This research partnership is a great way to extend our relationship with the University of Waterloo, which has consistently provided us with talented graduates as we’ve grown our team.”The collaboration will take a machine learning approach to solving optimal control problems that arise in portfolio construction, rebalancing and risk management. It will also support PhD and master’s students working on research projects at the school and students at University of Waterloo.“[This is] an opportunity to apply academic research to complex financial risk management, portfolio construction and rebalancing issues as well as for our students to gain real-world investment experience,” says Charmaine Dean, vice president, university research, University of Waterloo. Keywords Investment research IE Staff New York-based global investment-management firm Neuberger Berman has formed a research partnership with the University of Waterloo to study and develop data-driven techniques for investment management.The research partnership brings together Neuberger Berman’s Toronto-based quantitative investment professionals from Neuberger Berman Breton Hill with researchers at the university, led by professors George Labahn, Yuying Li, and Peter Forsyth from the David R. Cheriton School of Computer Science in the Faculty of Mathematics. Thematic funds thrived during pandemic, but watch long-term performance: report handshaking and exchanging contract documents bacho12345/123RF Canadian DB plans returned 9.2% in 2020: report Do investors understand their fees, portfolios? Share this article and your comments with peers on social media Related news Facebook LinkedIn Twitterlast_img read more

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U.S. broker, ex-CEO sanctioned for enabling client misconduct

first_imggavel 123RF SEC alleges trader used tweets to pump and dump stock A U.S. brokerage firm and its former CEO have been sanctioned by U.S. securities regulators for violating self-regulatory organization (SRO) and exchange rules.The Financial Industry Regulatory Authority (FINRA) announced that Samuel Lek, former CEO of Lek Securities Corp. has been permanently banned from the securities industry, and Lek Securities has been fined US$900,000 for violating various SRO and exchange rules for facilitating market access by foreign traders who engaged in manipulative trading on U.S. markets. Keywords Market manipulationCompanies Financial Industry Regulatory Authority James Langton Mouth mechanic turned market manipulator Related news Lek and Lek Securities neither admitted nor denied the charges. They consented to the entry of the regulators’ findings.FINRA said that the firm provided market access to traders who engaged in layering, spoofing and cross-product trading manipulation on U.S. equities and options markets.FINRA and several exchanges — including Nasdaq, the NYSE and CBOE — found that Lek and his firm violated the U.S. Securities and Exchange Commission’s (SEC) market access requirements and failed to properly supervise their own business and reps.“This case demonstrates that broker-dealers cannot turn a blind eye to their obligations under FINRA and exchange supervisory rules or under the SEC’s market access rule. Enforcing these rules against broker-dealer gatekeepers preserves the integrity of our securities markets,” FINRA and the exchanges said in a joint statement.Along with the monetary penalties, the firm also agreed to certain foreign intra-day trading restrictions and an independent monitor. Facebook LinkedIn Twitter Share this article and your comments with peers on social media Pump and dump ends in ban, over $1 million in penaltieslast_img read more

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Six new overtaking lanes on Capricorn Highway

first_imgSix new overtaking lanes on Capricorn Highway Minister for Transport and Main Roads The Honourable Mark BaileyDrivers and industries from Rockhampton to Emerald are reaping the benefits of the jointly funded $19 million Capricorn Highway overtaking lanes project.Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the Australian Government’s $15.2 million commitment was a significant investment in road safety and the Central Queensland road network.“The Capricorn Highway forms part of Australia’s Key Freight Road Network and Queensland’s Priority Freight Network, connecting the Bruce Highway in the east and the Landsborough Highway in the west,” the Deputy Prime Minister said.“Investing in the Capricorn Highway is part of our record $110 billion infrastructure investment – an investment that Central Queenslanders are directly benefiting from.“The addition of the six overtaking lanes will significantly increase freight efficiency and improve safety for everyone using the road.”Queensland Minister for Transport and Main Roads Mark Bailey said works had finished ahead of schedule and importantly provided 61 much-needed jobs in construction as part of the state’s economic plan for recovery from COVID-19.“Combined, the Central Highlands and Rockhampton regions inject more than $15 billion into our economy each year and it’s vital we continue to invest in the jobs and infrastructure needed as part of our economic recovery plan,” Mr Bailey said.“Drivers are now making the most of three eastbound and three westbound overtaking lanes, as well as wide centreline treatments.“It’s part of the Queensland Government’s record $1.7 billion roads and transport budget for Central Queensland, which is helping to support 1,700 jobs in the region.”Federal Member for Capricornia Michelle Landry said there were now seven eastbound and eight westbound overtaking lanes on the Capricorn Highway between Rockhampton and Emerald.“These six new overtaking lanes will increase the number of overtaking opportunities through this section of highway, which carries significant mining, agricultural and tourism industry traffic,” Ms Landry said.“Continuing to invest in projects that improve the capacity and safety of our road network is a priority for the Australian Government.”Federal Member for Flynn Ken O’Dowd said the local community would benefit from improved safety on the highway.“Over six million tonnes of freight are transported on the Capricorn Highway annually,” Mr O’Dowd said.“Certain areas of the highway have some of the highest oversized vehicle traffic counts in Queensland. These upgrades will benefit the community by providing safer roads and making high-risk overtaking manoeuvres less common – leading to a lower risk of head-on crashes and improved interactions between freight and local traffic.”State Member for Rockhampton Barry O’Rourke said completion of the $19 million project would soon be joined by completion on the $75 million jointly funded Capricorn Highway duplication between Rockhampton and Gracemere expected mid-next year, weather permitting.“As part of more than $4.8 billion in roads stimulus jointly funded with the Australian Government, we’ll also soon be getting started on the $35 million Lawrie Street upgrade, which I know regular drivers in the region are keen to see,” Mr O’Rourke said.“Whether it’s beef or resources, our region’s industries benefit from better roads. That’s why we’re seeing a roads bonanza in our region supporting construction, supporting jobs and supporting our multi-billion-dollar economy.”The Capricorn Highway (Rockhampton to Emerald) – Overtaking Lanes project is jointly funded, with the Australian Government committing $15.2 million and the Queensland Government $3.8 million. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Australian, Australian Government, Barry, Bruce, Deputy Prime Minister, Emerald, Federal, Government, Gracemere, infrastructure, Investment, Landsborough, Prime Minister, QLD, Queensland, regional development, Rockhamptonlast_img read more

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New research into domestic Kiwi tourists

first_imgNew research into domestic Kiwi tourists New research into what Kiwis want from tourism and domestic holidays has been released to help the industry adjust to the impact of COVID19 on borders and international travel.Tourism Minister Stuart Nash says research commissioned by Crown entity Tourism New Zealand will help the industry better understand how to focus on domestic tourists until it is safe to open our borders again.“The research found Kiwis are looking much more closely at their own backyard and at regions and attractions they may have taken for granted in the past,” Mr Nash said.“Domestic tourists have different expectations from international travellers, although there is much common ground. Like international tourists, domestic travellers are attracted by our special qualities, like landscapes and friendly people, and our safe reputation.“However domestic tourists are put off by activities that are too expensive, and the experience is spoiled if it feels too ‘touristy’. Kiwis are more inclined to seek out local history and culture, hidden gems that are not well known, and personal connections.“Domestic travellers want more unique experiences. The research shows an ideal regional holiday involves a personalised itinerary. It combines activities like walking, cycling, and food and beverage experiences; with events like a cultural performance, festival, or sports.“There is also work to be done to champion the unique tourism experiences of local destinations. For example, researchers suggest an area like Rotorua, with its health spas, could be a ‘fly and flop’ destination to rival holidays that Kiwis used to take in Bali or Fiji.“Significantly, the research confirms Kiwis thought tourism was under pressure even before COVID closed our borders. They saw regions struggling with the sheer number of visitors, and problems with freedom camping and littering. The research suggests pressure on infrastructure and the environment had created a tipping point for tourism.“Tourism operators also suggested some in the industry had focused too much on profits and neglected the quality of the experience and tourism’s impact on small communities. Others had undervalued the role of Māori culture and needed to better connect with it.“The research analyses the tourism stories from each region and will be a valuable guide for tourism operators to rethink the way their wider region works together to attract domestic tourists.“Work to support and rebuild the tourism and hospitality sectors remains ongoing.The Government is investing heavily in both increased promotion of domestic tourism, and direct support to tourism businesses to help drive the economic recovery, Mr Nash said.The research is attached and is available on Tourism NZ’s website here: https://www.tourismnewzealand.com/news/new-research-reveals-what-domestic-travellers-are-looking-for/ /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Bali, culture, cycling, environment, festival, Fiji, Government, industry, infrastructure, Kiwi, Minister, New Zealand, NZ, research, Rotorua, tourismlast_img read more

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Homeless man faces murder charges

first_imgHomeNewsCrimeHomeless man faces murder charges Jul. 10, 2018 at 5:00 amCrimeNewsHomeless man faces murder chargesKate Cagle3 years agocrimedaily pressNewsSanta Monicasanta monica daily press The homeless man accused of killing a man outside Providence St. John’s Medical Center will face a judge at LAX Superior Court today facing murder charges. Police arrested 26-year-old Daniel Roy Davis Friday after finding evidence that linked him to the crime, according to Lt. Saul Rodriguez with the Santa Monica Police Department.The Los Angeles County Coroner’s office identified the victim found on a bench in a secluded area of the hospital grounds as 41-year-old Justin Patrick Lee. A hospital security guard stumbled upon the body at 6:45 a.m. Friday. Detectives say the man was killed by a blow to his upper torso. They believe the attack happened on hospital grounds.Davis told investigators he had only been living in the Los Angeles area for about a month before the arrest, Rodriguez said. His most recent address was in San Diego but Rodriguez said Davis was originally from Texas. He was held on $2 million bail over the weekend pending his arraignment.Police would not comment on the motive or relationship between the two men, citing the sensitive nature of the investigation. Investigators will make their case to the District Attorney today. [email protected] :crimedaily pressNewsSanta Monicasanta monica daily pressshare on Facebookshare on Twitteradd a commentKate CagleSenior ReporterSenior reporter for the Santa Monica Daily Pressview all postsWho allowed wild west scooting?Crews battle destructive wildfires raging in US WestYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall9 hours agoBriefsLos Angeles Sheriff’s deputy accused of destroying evidence of 2019 assaultAssociated Press13 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter20 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor20 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press20 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press20 hours agolast_img read more

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