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Motorists using the flood-prone Bog Walk Gorge in St. Catherine will soon be provided with a reliable early warning system to alert them to dangerous conditions in the area.State Minister in the Ministry of Transport, Works and Housing, Hon. Richard Azan, has said that the National Works Agency (NWA) will be installing closed circuit television (CCTV) cameras and radios in the gorge at a cost of some US$273,000.He made the announcement during his Sectoral Debate presentation on Wednesday, June 5, in the House of Representatives.Mr. Azan said the system “will enable real time detection of and response to emergency conditions such as flooding and major accidents within the gorge; facilitate real time video monitoring of control gates before, during and after an emergency event.”He also noted that motorists and nearby communities will be provided with early warning of potential flooding within the gorge and advanced notice of closure of the roadway.“I am pleased to announce that this system is being realised through a public/private partnership, which brings together funding from the Government of Jamaica (GOJ) and the Inter-American Development Bank (IDB), with support from telecommunications companies FLOW, Digicel and LIME, through the provision of access to their fibre optic links and communication towers,” Mr. Azan announced.He noted that the project is being supported by the Office of Disaster Preparedness and Emergency Management (ODPEM), the police and the Ministry of Finance and Planning.Mr. Azan also informed that the Ministry will move to improve road signage and markings across the island with the installation of 500 traffic signs and 225 linear kilometres of road marking lines.In addition, the NWA will be undertaking the construction of a 1.5-kilometre multi-use path for pedestrian and bicycle traffic along the Norman Manley Boulevard, in Negril, Westmoreland at a cost of US$275,000.Other projects will include the construction of sidewalks and medians within the Papine circle, St. Andrew, costing US$400,000; and the installation of cables, to be used instead of guard rails, in selected areas around the country, at a cost of US$985,000.“The cable system will allow us a higher degree of flexibility in terms of being able to re-use materials even after an accident. The cables, unlike the traditional guardrails can be salvaged and re-used, even after an accident. This will save us millions,” Mr. Azan noted.Contact: Andrea Braham
zoom Dry bulk shipping company Golden Ocean Group Limited (GOGL) has taken delivery of one more secondhand bulker bought in March this year within a 16-vessel deal.The ship in question is the 81,500 dwt Q Ioanari which will now be renamed Golden Ioanari.Q Ioanari was built at South Korean Hyundai Mipo shipyard in 2011. Its market value currently stands at USD 19.47 million, VesselsValue’s data shows.Of the 16 vessels acquired, 14 were bought from subsidiaries of Quintana Shipping, and two ice class Panamax vessels from subsidiaries of Seatankers, an affiliate of Hemen Holding, the company’s largest shareholder. Under the terms of the agreement, the company would issue in aggregate 17.8 million consideration shares and assume debt of USD 285.2 million.Golden Ocean said it has issued 1.3 million consideration shares to Quintana Shipping and associated companies in exchange for the vessel.Following this transaction, the company’s issued share capital is USD 6,116,149.1 divided into 122,322,992 issued shares, each with a nominal value of USD 0.05.Q Ioanari is the seventh bulker from the batch delivered to the company so far. Earlier this week, Q Myrtalia and Q Shea were handed over to GOGL. Additionally, Q Kennedy and Q Amreen joined the company’s fleet in early May. Last month, Q Sue and Q Kaki were also delivered to GOGL.
zoomIllustration. Image Courtesy: PxHere under CC0 Creative Commons license Cyprus-based dry bulk shipping company Castor Maritime has entered into a time charter contract with Germany’s Oldendorff Carriers for Magic P, a Panamax vessel. The charter commenced on March 12, 2019.The gross charter rate is USD 11,250 per day, for a period of a minimum of five up to a maximum of about eight months. For the first 30 days, the daily gross rate is USD 9,000, according to the company.Castor Maritime said the employment is anticipated to generate approximately USD 1.6 million of gross revenue for the minimum scheduled period of the time charter and could reach USD 2.6 million should employment be extended to its maximum period.Built in Japan in 2004, Magic P has a deadweight of 76,453 tons. Previously known as Silver Freedom, Magic P has a market value of USD 9.4 million, VesselsValue’s data shows.Castor Maritime provides shipping transportation services through its ownership of the dry bulk vessel. The company’s vessel is employed primarily on medium-term charters and transports a range of dry bulk cargoes, including such commodities as coal, grain and other materials along worldwide shipping routes.