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Nasdaq-listed Eagle Bulk Shipping saw a majority of investors vote to approve amendments to the Eagle Bulk ShipCo bond terms to finance more scrubber retrofits.Namely, the company informed that the holders of the USD 200 million in aggregate principal amount of 8.250% Senior Secured Bonds, due in November 2022, approved amendments to the bond terms at a meeting on November 6.Of the bondholders represented at the meeting, at which a quorum was present, 85.36 per cent voted in favor of the amendments, which was a qualified majority, Eagle Bulk Shipping informed.The amendment to the bond terms would allow for the use of proceeds from the sale of security vessels, up to a proposed USD 25 million for the partial financing of scrubbers. This would finance four exhaust gas cleaning systems to be retrofitted to the company’s fleet of vessels and options to purchase 18 additional scrubbers, the company earlier said.In early September 2018, Eagle Bulk signed a series of agreements to purchase of up to 37 scrubbers. The contracts include firm orders for 19 scrubbers and up to an additional 18 units. The projected cost, including installation, is approximately USD 2 million per scrubber system.Eagle Bulk separately released its financial report for the three and nine months ended September 30, 2018, in which it cited a rise in net revenues and TCE revenue.The company delivered net revenues of USD 69.1 million in the third quarter of the year, representing an increase of 10% compared to the same period in 2017, while TCE revenue for the quarter equated to USD 46.5 million, surging by 31% year-on-year.Net income for the period stood at USD 2.6 million, compared to a net loss of USD 10.3 million for the comparable quarter in 2017.“The third quarter marks the seventh consecutive quarter where we have outperformed the benchmark Baltic Supramax Index; a significant accomplishment in what has been a steadily rising market,” Gary Vogel, Eagle Bulk’s CEO, said.
England pair challenge in Scottish U16 championship 19 April 2012 England’s Gabriella Cowley and Alice Hewson are just one shot off the lead at the halfway stage of the Scottish U16 open strokeplay championship at Strathmore. Both girls are in the England Golf squad for the championship and both returned scores of one-over par 73. They are one behind the overnight leader, Camilla Mortigliengo of Italy. Alice, the 2010 English U13 champion from Berkamsted, played her first nine in two-under par, but a couple of three-putt greens proved costly on the way home. Gabriella, the English U15 champion from West Essex, was very steady: two birdies and two bogeys on her outward half, one bogey on her 10th hole and then a tidy run of eight pars. Also in the squad of six is Emma Harris (Peel Ladies’), who eagled the first – her 10th hole – to get to two-under, but slipped back with a watery triple bogey on the par three fourth. She ended up with a score of 76, equalled by Annabel Dimmock (Wentworth). Sophie Keech (Lyme Regis) is a shot further back while Sophie Madden (West Essex) returned 79. Afterwards, squad coach Scott Godfrey commented: “The girls all hit the ball well but they struggled a bit on the greens, which are very undulating. There were a lot of three putts and missed short putts and we’ll be going out on the practice green to work on it. “Most of the girls know they left a few shots out on the course today and they’re looking forward to getting back out there tomorrow and getting stuck into it. They know they can go a little bit lower than they did today.” The championship start was delayed by an hour today to allow the greenstaff time to deal with the after-effects of a severe storm last night. Other leading English players in the championship include 75 Lianna Bailey (Notts Ladies’), Lucy Walton (The Worcestershire); 76 Melissa Wood (Huddersfield), Bethany Acey (Sandburn Hall), Charlotte West (Harewood Downs), Emma Allen (Meon Valley). 20 Apr 2012 Gabriella Cowley wins Scottish U16 championship Teenager Gabriella Cowley made it three in a row for England when she won the Scottish U16 open stroke play championship by a stroke at Strathmore. The West Essex player, who is also the English U15 girls’ champion, returned a pair of 73s for a two-over par total of 146. Her victory kept the trophy safely in English hands, following the successes of Cheshire’s Bronte Law last year and Lancashire’s Emily Taylor in 2010. She finished one stroke clear of Italy’s Ludovica Farina and a further shot ahead of Hertfordshire’s Nicola Callander, who had a storming 68. It was the low round of the championship and she was five-under for the back nine. Another English girl, Lianna Bailey (Notts Ladies’) took fourth place. Gabriella, 16, was part of a six-strong England Golf squad at the championship and she won the praise of coach Scott Godfrey. “Gabriella is a class act,” said Scott. “She’s very calm and collected on the golf course and that shone through. She remained patient and stuck to what she had to do. “It wasn’t easy today, it was freezing cold and very windy and she handled it really well. She played very consistently over the two days and I think she deserved to win.” Gabriella played the front nine in two-over par and came home in one-under, before settling in for a nervy wait as Farina completed her round. A play-off looked on the cards until the Italian bogeyed the last to drop one behind. “We were all behind the green watching and it was a bit tense!” said Scott. “But now Gabriella is over the moon.” Fellow squad player Alice Hewson (Berkhamsted) was also in contention for the title, until a four-putt nightmare on the short 13th cost her a six. However she regrouped admirably and played the remaining five holes in level par to tie for fifth place. “She played very nicely both days from tee to green but just lost a few shots around the green,” said Scott. The squad was completed by Annabel Dimmock (Wentworth), Emma Harris (Peel Ladies), Sophie Keech (Lyme Regis) and Sophie Madden (West Essex). “The course was well set up and all the girls will have learned something about the aspects of their game that they need to work on,” said Scott. England 1, represented by Gabriella Cowley, Sophie Keech and Annabel Dimmock, were third in the international team event. Scottish U16 open stroke play championship Leading final totals Par 144 (2×72) 146 Gabriella Cowley (West Essex) 73 73. 147 Ludovica Farina (Italy) 74 73. 148 Nicola Callander (Mill Green) 80 68. 149 Lianna Bailey (Notts Ladies’) 75 74 150 Fiona Liddell (Germany) 73 77, Alice Hewson (Berkhamstead) 73 77, Lauren Whyte (St Regulus) 76 74. Selected scores: 151 Annabel Bailey (Notts Ladies) 79 72, Emma Allen (Moon Valley) 76 75. 152 Victoria Mallett (Sutton Colfield) 77 75 153 Sophie Lamb (Clitheroe) 77 76 154 Megan Lockett (Huddersfield) 78 76, India Clyburn (Woodhall Spa) 78 76, Sophie Keech (Lyme Regis) 77 77. 155 Erin Porter (Blackpool North Shore) 79 76, Ella Ofstedahl (Mill Green) 82 73, Sophie Madden (West Essex) 79 76 157 Emma Harris (Peel Ladies) 76 81. 158 Bethany Acey (Sandburn Hall) 76 82. Kirsty Beckwith (Moortown) 81 77 159 Mollie Lawrence (Rochester & Cobham) 80 79 160 Annabel Dimmock (Wentworth) 76 84, Olivia Jackson (Oakdale) 79 81, Gabrielle Lawrence (Enville) 80 80, Rhiannon Linacre (Coxmoor) 80 80, Emily Lyle )Worksop) 81 79 161 Lucy Walton (The Worcestershire) 75 86, Charlotte Ann Barrow (Brokenhurst Manor) 78 83, Eloise Healey (West Lancs) 80 81, Jemma Gregson (Knowle) 81 80, Lizzie Prior (Foxhills) 80 81. International team event 294 Italy (Ludovica Farina, Camilla Mazzola, Camila Mortigliengo). 298 Scotland 1 (Connie Jaffrey, Lauren Whyte, Clara Young). 300 England 1 (Gabriella Cowley, Sophie Keech, Annabel Dimmock).
California Chrome is led to the race track by assistant trainer Alan Sherman, with exercise rider Willie Delgado aboard at Belmont Park race track in Elmont, NY., Thursday, June 5, 2014. Kentucky Derby and Preakness Stakes winner California Chrome will try for the Triple Crown on Saturday, June 7th. (AP Photo/Garry Jones)NEW YORK (AP) — Martin Panza celebrated California Chrome’s charge to Preakness Stakes victory three weeks ago like most fans at the packed Pimlico Race Course — bumping fists, slapping hands and thinking ahead to Saturday and the possibility of the first Triple Crown winner in 36 years.And then Belmont Park’s director of racing operations thought about everything else: the tens of thousands of additional people who show up for the Belmont Stakes whenever a horse has a chance at history; the millions more in expected wagers; and the need for more of everything, from seating, concessions to bathrooms, security and about 1,000 additional workers.Local officials and business leaders celebrated too, seeing the race and the added interest of a Triple Crown contender as a boon of sold-out hotel rooms, dinners out and free publicity, so long as the writers and broadcasters were aware the track is actually on Long Island, as NBC’s Bob Costas noted Wednesday, and not in New York City.If California Chrome triumphs, it will happen on Panza’s turf — or rather, his dirt — at an marquee New York-area event that the track’s new management team reimagined earlier this year as a fusion of sports and entertainment worth attending even when the Triple Crown is not on the line.They have filled the undercard with high-stakes races, increased the day’s total purse to $8 million — the second-richest day in American horse racing behind the final slate of the Breeder’s Cup — and surrounded the action with music from rapper and actor LL Cool J, former New York Yankees center fielder Bernie Williams and Frank Sinatra Jr. singing “New York, New York.”“For the first year of us doing this, under this new format, it’s not going to get any better than this,” Panza said in an interview near his track office, which was filled with boxes of Belmont Stakes caps and bags of other race souvenirs.“From our end, what we need to do now is observe how the day goes and see what we can do for next year, always thinking that there could be another Triple Crown on the line.”California Chrome is the 12th horse to reach Long Island with wins in the first two legs of the Triple Crown, the Kentucky Derby and the Preakness Stakes, since Affirmed won all three in 1978.Attendance for those 11 races averaged nearly 30,000 more than in years without a contender — going from a low of 37,171 in 1995 when Thunder Gulch and Timber Country split the Derby and the Preakness, to a record 120,139 in 2004 when Birdstone upset Smarty Jones in the last of a three-year stretch of Triple Crown contenders in the Belmont Stakes.On-site wagering on the race-day program also surged in those years, according to track records, jumping from $6.8 million in contender-less 1996 to $9.2 million the following year when Silver Charm took the first two races, and from $8.8 million in contender-less 2007 to $13.3 million when Big Brown raced for history in 2008.I’ll Have Another’s wins in Louisville and Baltimore sent attendance for the 2012 Belmont Stakes to nearly 86,000 and on-site wagering to $13.8 million even though the horse was withdrawn the day before the race due to a leg injury.The head of the track’s management team said ticket sales for this year’s Belmont Stakes, with its emphasis on high-level racing and daylong entertainment, were already brisk before California Chrome broke from the gate at Churchill Downs in May.More than 70 percent of tickets and premium tables for the race were sold before the Derby and all were gone before the Preakness, according to New York Racing Association president and chief executive officer Christopher Kay.After the Preakness, Kay said, they added a trackside tent and additional seating to accommodate the surge of interest in a potential California Chrome coronation.General admission and grandstand tickets costing $10 remained available through the track late in the week and more than 3,000 tickets, ranging from $12 for grandstand to $2,300 for a table for two at the Garden Terrace Restaurant, were available on the secondary ticket sales website StubHub.com.Good weather — 82 degrees and sunny, according to the National Weather Service — could push the crowd into record territory.“Our intent is to make Belmont Stakes day an important day year in and year out,” Kay said.This year it has been an important day — and week — for business.The largest hotel on Long Island, a Marriott with more than 600 rooms in Uniondale, and the ornate Garden City Hotel — where management said all of the owners, trainers and jockeys in the Belmont Stakes were staying and where the menu includes a cocktail named for each horse — have sold out under race-related demand.Other hotels were also booked solid, officials said, forcing some out-of-town fans to find lodging in Suffolk County, about 20 miles east, or stay in Manhattan, about 15 miles west.“This Triple Crown opportunity doesn’t come too often,” state hotel association chairman John Tsunis said. “But, whoever wins in the race, the real winners will be Long Island and New York State.”