zoom Singapore’s dry bulk shipping company Mercator Lines Limited has been forced to sell three bulkers under mortgage.Namely, the company received a notice of enforcement from its undisclosed lender, who is the mortgagee of the vessels, requesting that the vessels be sold to settle the outstanding debt.The bulkers in question are the 1997-built Kesari Prem, 2007-built Gauri Prem and 2001-built Sri Prem Aparna.As a result, the company has entered into three separate Memoranda of Agreement (MOA) to sell the second-hand ships to related companies of the lender on arms-length basis.The bulkers were sold at market value for total net proceeds of USD 14.8 million, thereby reducing the company’s debt by the sale price.The vessels are expected to be delivered to the buyers in December 2015 and January 2016, Mercator said.
Variety to host diversity conference, Pharrell to speak FILE – In this Feb. 28, 2016 file photo, singer Pharrell Williams arrives at the Oscars in Los Angeles. Williams will speak at a conference hosted by Variety on Nov. 1, to discuss solutions to Hollywood’s lagging record in diversity. (Photo by Dan Steinberg/Invision/AP, File) by Jake Coyle, The Associated Press Posted Sep 26, 2016 9:46 am MDT Last Updated Sep 26, 2016 at 10:40 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email NEW YORK, N.Y. – Variety will host a conference of film executives and stars to discuss solutions to Hollywood’s lagging record in diversity.The conference, which Variety is to announce Monday, will include keynote conversations with Donna Langley, chairman of Universal Studios, and Pharrell Williams. The singer-producer is co-composing the score for the upcoming “Hidden Figures,” a film about African-American mathematicians working for NASA in the early 1960s.Dubbed “Inclusion,” the conference is to be held Nov. 1 in Beverly Hills, California. It will include a number of panels focused on finding ways to support underrepresented groups in film and television.“There is no issue in Hollywood more important and relevant than diversity and inclusion,” Michelle Sobrino-Stearns, group publisher of Variety, said in a statement.Age discrimination is also a planned discussion topic at the conference, co-sponsored by AARP. As a way to combat age discrimination, California Gov. Jerry Brown on Saturday signed legislation to require websites like IMDb to remove an actor’s age upon request.“We hope the dialogue at the Variety conference will lead not only to greater awareness of the issue, but to more and better opportunities for talented actors, producers, directors and others in the creative community — whatever their age,” said Jo Ann Jenkins, AARP chief executive.