The All Abilities Day at Cone Park scheduled for Saturday, January 19, 2019 is being postponed to Saturday, January 26, 2019 from 9:00 a.m. to 11:00 a.m. due to the weather forecast.Updated 1/17/19 923am————————-SIOUX CITY’S CONE PARK WILL HOST A SPECIAL EVENT THIS SATURDAY MORNING.ERIC GRIFFITH OF THE CITY PARKS DEPARTMENT SAYS AN ALL ABILITIES DAY WILL TAKE PLACE:Audio Playerhttp://kscj.com/wp-content/uploads/2019/01/ABILITIES.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.OC……….CONTINUE TO GROW. ;13THE EVENT IS RUN THROUGH THE LOCAL ALL ABILITIES HEALTH AND WELLNESS COALITION:Audio Playerhttp://kscj.com/wp-content/uploads/2019/01/ABILITIES2.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.OC…………DO EVERY YEAR. ;10ATTENDEES MAY BRING ANY ASSISTIVE EQUIPMENT THEY NEED WITH THEM. HELMETS AND ELBOW PADS ARE NOT PROVIDED.THE EVENT TAKES PLACE FROM 9AM-11AM SATURDAY AT CONE PARK.
zoom Challenging market conditions plagued by the oversupply of vessels have pushed tanker owner and operator Tanker Investments Ltd (TIL) further into the red in the third quarter of the year.Namely, TIL reported a net loss of USD 9.4 million for Q3, widening its loss from the corresponding quarter a year earlier which stood at USD 2.9 million.For the nine-month period, net loss was USD 12 million, a major downturn when compared to the net income of USD 28.5 million for the corresponding period in 2016.Generated cash flow from vessel operations was USD 5.6 million in the third quarter of 2017, compared to USD 7.6 million in the previous quarter.“The third quarter was particularly challenging for the tanker market,” said William Hung, TankerInvestments’ Chief Executive Officer. “The combination of OPEC cutbacks and oversupply of vessels outweighed strong oil demand which impacted rates during the seasonally weak third quarter. As we move through the fourth quarter, we expect tanker rates to increase as seasonal weather delays will dampen effective vessel supply along with a slowdown in vessel deliveries. Looking ahead to 2018, we expect a recovery will continue as the bulk of the orderbook will have delivered in 2017 and, with oil demand continuing to grow, we expect to see an increase in fleet utilization due to demand for longerhaul voyages.”The results have been released ahead of the special shareholders’ meeting scheduled for November 17 when TIL’s shareholders are going to decide on the proposed merger with Teekay Tankers.During Q3 total revenues decreased to USD 21.4 million from USD 26.6 million in the same quarter last year due to lower spot tanker rates earned across the fleet. During the nine months ended September 30, 2017, total revenues decreased to USD 80.9 million from USD 120.2 million in 2016.The global tanker fleet grew by 24.5 million deadweight tons (mdwt), or 4.4 percent, in the first nine months of 2017.The tanker fleet growth is expected to moderate in the coming months, as the peak of newbuilding deliveries has passed and as the pace of scrapping is expected to pick up.A total of 7.1 mdwt of tankers was scrapped in the first nine months of 2017, a significant increase from 2.5 mdwt of scrapping for the entire year of 2016.For 2017 as a whole, TIL forecasts tanker fleet growth of just over 5 percent, down from approximately 6 percent in 2016. Lower fleet growth is expected in 2018 and 2019 as the orderbook continues to roll-off and as tanker scrapping increases, with additional upside from potential further cancellations of newbuilding contracts due to the lack of available refund guarantees.