first_imgRoyal Varuna Yacht Club in Pattaya held a fun team racing event during the weekend Oct. 1-2 for young talented club members to learn and improve their spirit of team racing.  About 40 young sailors took part in both Optimist and Laser 4.7 classes.Laser 4.7 winners – Win Thanatayaudom (left) and Sophia Montgomery (right) with Varuna Commodore Tom Whitcraft.The event was organized by Jordan Rumsby, Sailing Director and RVYC coach with support from parents.  Special thanks also go to Albert Nazarov, Tom Vernon, David Gavin, and Wikki Bhanubandh who were positioned on and off shore to make sure everything went smoothly.Each sailor was required to employ their own tactics and strategies to ensure their team secured good positions and points, all without the aid of coaching support.The next event at Varuna will be the 2016 JVK Eastern Seaboard Regatta from 22 – 24 October.  It is open to any Optimist sailor of any nationality.  Contact Jordan Rumbsy at [email protected] for entry enquiry or visit class winners – Jade Gavin, ML Weka Bhanubandh and Krit Romanyk.Celebrating success back on shore.last_img read more

first_imgzoom Dubai-based port operator DP World saw a 15.8 percent rise in profit for the first half of 2017 on a like-for-like basis, earning USD 606 million amid improved trading environment.“Encouragingly, after a challenging period, we have seen a pick-up in global trade particularly in the second quarter of the year, and that combined with the ramp up in our recent investments in Yarimca (Turkey), London Gateway (UK), Rotterdam (Netherlands) and JNP Mumbai (India), has delivered ahead-of-market volume growth,” DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem.On a reported basis, revenue of USD 2.29 billion grew 9.6% supported by the strong volume growth across all three DP World regions. On a reported basis earnings remained flat (-0.3%).Adjusted EBITDA of USD 1.22 billion increased by 4.2%, with an adjusted EBITDA margin of 53.4%.On a like-for-like basis, revenue grew 3.0% and adjusted EBITDA increased by 7.0%, while adjusted EBITDA margin stood at 54.8%.“In the first half of 2017, we have invested USD 595 million of Capex in key growth markets and announced over USD 170 million of acquisitions in our maritime business, which offers significant growth opportunities. These investments leave us well placed to deliver on our strategy to strengthen our port related services and capitalize on the significant medium to long-term growth potential of this industry,” Bin Sulayem added.“Our balance sheet remains strong and we continue to generate high levels of cash flow, which gives us the ability to invest in the future growth of our current portfolio, and the flexibility to make new investments should the right opportunities arise as well as delivering enhanced returns to shareholders over the medium term.”As disclosed, cash from operating activities amounted to USD 1 billion, up from USD 905 million in the first half of 2016. Leverage, net debt to annualized adjusted EBITDA, decreased to 2.6 times from 2.8 times at the end of last year.“Looking ahead to the second half of the year, we expect higher levels of throughput to be maintained. Overall, the steady financial performance of the first six months leaves us confident in meeting full-year market expectations.”last_img read more

first_img Recommended for you Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 06 May 2015 – Cabinet meeting held today and the PNP Administration set to hold its first press conference in six weeks; the last session proved explosive as the Government was hotly challenged on the contents of the Clinical Report of the TCI Hospitals. The public document was at that time promised to be released to the general public, but to date remains outside of the public domain. That media conference is to be held around 1pm Thursday at the Office of the Premier. Olive branch extended by Opposition Leader, says it is time for Turks and Caicos leaders to unite Opposition Leader responds to Throne Speech  11 days later; says PDM Govt plan puts TCI in ‘deep doo doo’ Related Items:cabinet meeting, clinical report, Office of the Premier, pnp, tci hospital TCI Country Leaders condemn vicious memeslast_img read more