Royal Caribbean Scores USD 3 Bn Loan for Icon Duo

first_imgzoom Miami-based cruise liner Royal Caribbean Cruises Ltd. has secured EUR 2.5 billion (USD 2.96 billion) to finance construction of its two new Icon-class LNG-powered cruise ships.The loan is being provided by an international consortium led by German lender KfW IPEX-Bank. The banking syndicate also includes BNP Paribas, HSBC, Commerzbank, Santander, BBVA, Bayern/LB, DZ Bank, JPMorgan and SMBC.The ships, which will be built at the Meyer Turku shipyard in Finland, will be able to carry over 5,500 passengers each, and are due to enter into service in 2022 and 2024, respectively. They will also introduce the use of fuel cell technology, the objective being a dramatic reduction of greenhouse gas emissions.Royal Caribbean Cruises said that it will begin testing fuel cell technology on an existing Oasis-class ship in 2017, and will also run progressively larger fuel cell projects on new Quantum class vessels being built in the next several years.“Cruise ships are booming, and the aim is to shape this trend for the lowest possible level of emissions for mankind and nature. We are pleased that our financing is helping to advance LNG propulsion,” Andreas Ufer, Member of the Management Board of KfW IPEX-Bank, said.“This order will occupy our production until 2024. This not only affects our location in Turku, but also our whole supply network both in Finland and Germany on a significant scale. This combination of our successful distribution and the closely-tailored structured finance will sustainably secure jobs in Germany and Europe,” Jan Meyer, CEO of Meyer Turku, adds.This is the largest syndicate financing package that KfW IPEX-Bank has ever structured and led on its own, which is contributing EUR 686 million to the deal.The loans, granted separately for the ships, each have a term of 12 years from the respective ship delivery date.last_img read more

Ggn youth shot at in daylight robbery

first_imgGurugram: In a daylight robbery that was successfully carried out by snatchers, a youth was shot at in the busy streets of Gurugram.The incident occurred at Old DLF Colony at around 11:30 am. The victim has been identified as Deepak Dhingra whose age is said to be in the late 20’s. The assailants fired two bullets that hit the victim’s hand and abdomen following which the men who had come on the bike took away the bag he was carrying. The entire incident was captured in the CCTV cameras. After the incident, the victim was immediately admitted in the private multi-super speciality hospital where his condition is said to be critical. Also Read – After eight years, businessman arrested for kidnap & murderThere were various rumours that also floated of the victim dying due to the incident however this claim was dispelled by the law enforcement officials who claimed that the victim was under observation. Providing the background about Deepak, the law enforcement officials stated that he was working as a small-time distributor and there may be a possibility that the bag contained a huge amount of cash, a fact that was known by the assailants. The Gurugram police have also highlighted that there were three bike-borne assailants that were involved in carrying out the crime. Also Read – Two brothers held for snatchings”Following the incident the victim who has been identified as Deepak Dhingra. He is presently undergoing an operation and is critical. There may be a possibility that the bag contains huge amounts of cash for which the assailant’s dod not waver of shooting him. We are trying to identify the persons involved in the crime through the CCTV images and they will be arrested,” said a senior official from Gurugram police. Even though brazen incidents of snatchings is not a new phenomenon in the city, it was a troubling reality for the residents of Old DLF area one of the posh areas of the city which is also famous for its student coaching centres. “The fact that this incident is occurring in one of the busiest areas of the city that too in the broad daylight speaks a lot of lack of fear among the criminals in the city,” said a city resident. The incident just follows two days after a truck driver was also being shot at and stolen off his belongings.last_img read more

Idle No More blockader wants CN to reveal their dirty hands in

first_imgBy Kenneth JacksonAPTN National NewsCN Rail refuses to hand over correspondence between them and an Ontario judge that issued several court injunctions for the railway company during the throes of the Idle No More movement.The company also won’t discuss how they contacted Superior Court Justice David Brown to get the injunctions or his past work history with CN before he became a judge after it came to light Brown had represented CN and acted as a witness for them in the United States before being appointed to the bench in 2006 by Prime Minister Stephen Harper.This is important information for First Nations man Ron Plain and his team of lawyers who are defending him against a contempt of court charge in Sarnia according to one of his lawyers Peter Rosenthal.CN alleges Plain was behind a blockade on the Aamjiwnaang First Nation within Sarnia’s city limits from Dec. 21 to Jan. 3.Rosenthal had been trying for weeks to have CN provide the information as disclosure but they have refused so Rosenthal filed a motion to have the judge presiding over the contempt trial force CN to do so.Justice John Desotti is expected to address the motion Friday when the contempt trial begins in Sarnia.CN won’t hand over the information because it doesn’t feel it’s relevant according to emails between Rosenthal and CN’s lawyers at Borden Ladner Gervais in Toronto.The emails were submitted as part of the motion and obtained by APTN National News.“The only matters relevant to the contempt motion are whether Mr. Plain had personal service or knowledge of the injunction order, and whether Mr. Plain deliberately, wilfully or knowingly breached the injunction order,” said Christopher Bredt in a May 10 letter to Rosenthal on behalf of CN.Rosenthal wrote back quoting case law to support his request and said on the chances Plain is found guilty “we expect that evidence of CN’s ‘dirty hands’ would support our position that a very minimal sentence should follow any finding of contempt.”From his bench in Toronto Brown issued injunctions in Sarnia at the end of December and another Jan. 5 for a separate blockade of a CN line in Tyendinaga near Belleville, Ont.Police did not act on either injunction to remove protestors. Brown later said police needed to follow the law.APTN then reported that Brown had worked for CN but never disclosed to the protestors.Plain said CN has made several offers to settle the matter outside of court but he has refused each one wanting his day in court threatening to “run this up the flag pole.”Rosenthal wants to know how Brown came about issuing the injunctions in Sarnia, when did CN meet with Brown and for how long and if CN called Brown on his home phone.Rosenthal not only wants information between Brown and CN involving Sarnia but Tyendinaga from Dec. 10 and Jan. 10.He first made the request for disclosure April 22 but it became apparent CN wouldn’t budge on May 14.But that’s not all that Rosenthal is asking for.He wants all correspondence between police in Sarnia and CN police, as well as all documents that show CN has the right to use the spur line in Sarnia something Plain intends to argue they don’[email protected]: @afixedaddresslast_img read more

Oil money allowing Alberta First Nation to break free of Ottawa

first_imgChris Stewart APTN NewsIn November, the Fraser Institute released a study that shows First Nation’s across Canada are generating billions of dollars of their own revenue.And by doing so becoming less dependent on federal money.Alberta’s Fort McKay claims to be one such success story.Chief Jim Boucher says investments in oil is the [email protected]last_img