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Ravena on scare vs Thais: ‘We didn’t expect we would play that bad’

first_imgRobredo should’ve resigned as drug czar after lack of trust issue – Panelo MOST READ Hotel says PH coach apologized for ‘kikiam for breakfast’ claim Ravena on scare vs Thais: ‘We didn’t expect we would play that bad’6.1K viewsSportsVentuno Web Player 4.51 SEA Games 7: Things to watch out for with PH women’s volleyball team Pagasa: Storm intensifies as it nears PAR Don’t miss out on the latest news and information. Celebrity chef Gary Rhodes dies at 59 with wife by his side LATEST STORIES Trump signs bills in support of Hong Kong protesterscenter_img “We expected that Thailand would put up a fight, but we didn’t expect that we would play that bad,” said guard Kiefer Ravena Monday at Sunway Putra Hotel here. “It was an ugly one for us but we ended up winning and that was the end goal.”CONTRIBUTED PHOTOThailand managed to take a 71-69 lead midway through the fourth and it needed the late-game heroics of Ravena and Baser Amer to lead the Philippines to the victory.FEATURED STORIESSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSPrivate companies step in to help SEA Games hostingSPORTSBoxers Pacquiao, Petecio torchbearers for SEA Games openingGilas went on an 8-0 run to take a 77-71 lead with the backcourt tandem scoring six points in the pivotal spurt.Ravena said that if ever they plan to win the Philippines’ record 17th gold medal in the regional games, they have to be sharp from the get-go down to avoid playing catchup. KUALA LUMPUR—Gilas Pilipinas barely left MABA Stadium the same way it came in.Southeast Asia’s most dominant basketball program had to fight tooth-and-nail against Thailand to capture an 81-74 win at the start of the 2017 Southeast Asian Games basketball tournament.ADVERTISEMENT Lacson: SEA Games fund put in foundation like ‘Napoles case’ “I guess we have to avoid things like these from happening again,” said Ravena, who finished with 11 points but shot 4-of-14 from the field. Sports Related Videospowered by AdSparcRead Next PH billiards team upbeat about gold medal chances in SEA Games PLAY LIST 03:07PH billiards team upbeat about gold medal chances in SEA Games05:25PH boxing team determined to deliver gold medals for PH02:49World-class track facilities installed at NCC for SEA Games00:50Trending Articles03:04Filipino athletes share their expectations for 2019 SEA Games00:45Onyok Velasco see bright future for PH boxing in Olympics02:25PH women’s volleyball team motivated to deliver in front of hometown crowd01:27Filipino athletes get grand send-off ahead of SEA Games00:36Manny Pacquiao part of 2019 SEA Games opening ceremony Ethel Booba on hotel’s clarification that ‘kikiam’ is ‘chicken sausage’: ‘Kung di pa pansinin, baka isipin nila ok lang’ NATO’s aging eye in the sky to get a last overhaul View commentslast_img read more

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IMSK SEs Restructuring Efforts Go Bust

first_imgzoomIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license  Norwaegian gas carrier company IMSK SE, formerly known as I.M. Skaugen SE, is likely to be liquidated having failed to secure support for its restructuring plan.The liquidation scenario emerges as talks with the company’s key creditors led by Nordea fell through.In a letter to shareholders, the company’s CEO Morits Skaugen apologized, announcing “with the greatest frustration” the company was not successful in its refinancing mission.“We have worked very hard and we have tried to make it happen, but we were not successful. The responsibility is mine alone, and me and my family are losing most of us all,” the letter reads.As such, the expected course of action was the liquidation of the business.Bante Karin Flo, Chief Financial Officer of IMSK SE, said in a statement to the Singapore court that the company would no longer pursue its refinancing or restructuring plan presented in April this year.Under the plan, the shipping company was trying to renegotiate loan terms with the syndicate lenders represented by Nordea, as the agent, and Swedbank. The two lenders hold facilities secured by mortgages over Somargas vessels, which were key to IMSK’s restructuring plan.The company was trying to get an extension on its loan tenor, however, in August this year, Nordea asked for full payment of USD 35 million loan plus interest.Shortly after, Nordea ordered the Somargas vessels to be sailed to Gibraltar and Singapore, making them unable to trade, Flo said, adding that the vessels were the only revenue generating assets of the IMS Group.The ongoing situation has also jeopardized the company’s small-scale LNG project (SSLNG) in the West Africa, which was described as the first step in the company’s business transformation.As disclosed, the company was planning to deploy the Somargas ships in West Africa SSLNG project, wehere thy would earn an estimated USD 39 million a year; USD 273 million over 7 years, that would have been used to pay debts to creditors.“Given the present deadlock with the Nordea Syndicate, it is difficult to see how the IMSK Group would be able to progress with any of the SSLNG Projects,” the statement reads.World Maritime News Stafflast_img read more

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