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Straddles vs. accumulator contracts

Straddles vs. accumulator contracts

first_imgShare Facebook Twitter Google + LinkedIn Pinterest The USDA announced a record yield resulting in a 2.5 billion bushel carryout. Therefore, I think it’s unlikely that corn will sustain a major rally until summer 2018. A soybean rally won’t help corn prices either unless there is a devastating drought in South America. If there is a 2 million- to 4 million-acre switch next year from corn acres to soybeans acres, combined with a weather scare, there may be a chance for $4.50 in the Dec ’18 futures contract.On the flipside, the slow harvest and the already huge fund short position is keeping prices above $3.40. It’s uncertain if this can continue but it’s certainly positive that the market has still not traded below that point as of right now. Many end users missed their opportunity for $3.40 last week, it’s unclear how long end users will remain patient or if they will chase the futures market back to $3.50. Selling a straddleI expect that for the next two months the market will bounce off the bottom following harvest and continue mostly sideways. Since prices are at unprofitable levels I want to try to “manufacture” some premium in the market while still maintaining low overall risk. Therefore, on 10/24/17 when March corn was $3.60, I made the following trade on 10% of my ’17 productionSold — January $3.60 straddle, where I sell both the $3.60 put and $3.60 call and collect a 15 cent premiumTrade Expiration is 12/22/17Potential Benefit — If March futures close at $3.60 on 12/22/17, I keep all of the 15 cent premiumPotential Concern — Reduced or no premium if the market moves significantly in either direction. For every penny lower than $3.60 I get less premium until $3.45. At $3.45 or lower and I will be losing money on this trade penny for penny. For every penny higher than $3.60 I get less premium until $3.75 At $3.75 or higher I have to make a corn sale at $3.60 against March futures, but I still get to keep the 15 cents so it’s like selling $3.75.The biggest risk in this trade is if corn is below $3.45 at the end of December because I’ll lose money. If this happens, I can buy the straddle back and take a loss, or remove a previous sale, and take any profits on the difference between what I sold on another trade and $3.45, against the March. Then I can wait for a future rally and sell again, adding that premium to another sale. While I hope this doesn’t happen, and I think there is a low chance it will, I still ALWAYS understand the worst case scenario for all of my trades and am willing to accept them. It is also why I limited the amount of bushels I placed in this trade to 10% of my production. What is an accumulator contract?More and more farmers are writing accumulator contracts. On the surface, these types of contracts seem appealing, but farmers need to understand exactly what they are agreeing to when doing them before jumping into one.With accumulator contracts, farmers can collect more for their grain than current CBOT prices as long as they double the number of bushels sold if prices exceed a specified price at some point in the future. There are many different types of accumulators, but most have “knock out triggers” which is when the CBOT price drops below a pre-determined price. Typically, these contracts sell bushels in small amounts daily or weekly until the end of the pricing period to allow for some bushels to be priced prior to any knock out trigger. Prices are usually based upon daily or weekly averages. ProsThese contracts seem appealing because they can guarantee a sale price above breakeven points. Even with the ‘risk” of doubling a sale, it means selling more grain at profitable levels. Farmers can usually write these contracts for less than 5,000 bushels. Plus, and probably most important to most farmers, there are no margin calls. ConcernsMost people would think doubling a sale is the riskiest part of this trade. But actually the knock out price is the bigger concern. If the knock out price occurs, the farmer only prices some of their grain. It depends when the knockout was triggered and how much time remains until the pricing period ends. That could mean a farmer risked pricing two bushels to the upside, but if prices go down and hits the knockout trigger, they could only end up selling maybe half of their bushels. In other words, if prices stay low, farmers receive the worst possible scenario of low prices and less grain sold than originally planned. Farmers basically have no control over when or if that will happen.Also, whoever underwrites the accumulator will usually take additional hidden fees out of the contract. These fees are hard to identify because they result in the underwriter of the accumulator contract not passing along all of the profits of the underlying options trades that cover the contract. This could account for about 5-10 cents of potential profit which is used to cover for the costs of margin calls that the underwriters will cover instead of the farmer when putting this contract on. There additional fees can range between 5 and 10 cents and typically include commissions for the salesperson and company putting the trade together with the farmer. All of those fees are a lot of money when prices are so low and it can be the difference between a farmer selling at profitable prices or not. An alternative solution – Selling a straddleOften farmers don’t realize they have alternative solutions. This is due to a variety of reasons, but when farmers know all of their available options they can make the best decision possible for their farm operation. Following is one of several different ways that a farmer can do things that are like an accumulator contract.Rather than accumulator contracts, I prefer selling straddles (like the trade example above). Usually I sell a futures contract at some point before I sell a straddle. (A farmer in theory could even sell to an end user first with a cash or HTA contract).Here is how it works. I sell a straddle for a future date where I think the price WILL be (not what I HOPE it will be). Then I collect the premium from both the selling of a put and the selling of a call. On the expiration date, the further the futures price is from the predicted (strike) price I picked, the less premium I keep.In the straddle example above, I think at the end of December that March corn will be around $3.60 and I will get 15 cents if it is. If it is between $3.45 and $3.75, I keep additional premium one cent less as the price is further from $3.60. Under $3.45 I lose money or have to buy back another sale I had previously made. While over $3.75 I lose money or I can make the additional sale.If this had been written as an accumulator contract there would likely be a knock out clause if March corn hits $3.45 any time before the contracts ends. With a straddle, the market can fall below $3.45 before the expiration, but as long as it is over $3.45 ON the actual expiration date I still have potential at profits. So, the straddle has more flexibility. I only have to worry about prices hitting $3.45 on ONE date, rather than a RANGE of dates. Plus, the commission on a straddle is at most 2 cents, when accumulator contract commissions are usually 5 to 10 cents. But, when selling options, you can have margin calls. Yes, however too often farmers let the fear of margin keep them from doing trades that can really benefit them. While margin call isn’t always ideal, it’s important to keep the threat of it in perspective. In this example, I would need futures to move over $1 per bushel and maintain that move for a year, and even then I would only incur a 5-cent per bushel interest charge on the margin call money. Are accumulator contracts bad?No, accumulators aren’t necessarily bad. They can be a useful tool under the right market conditions. However, farmers need to understand exactly what they are getting with these types of contracts (i.e. all the pros AND cons). Often trades can look good on paper, but there are hidden fees and costs not easily seen at first. Sometimes alternative options, like selling straddles in this case, can provide more flexibility, more control, fewer fees, and potentially more premium. When prices are consistently below profitable price points, farmers need to do everything to squeeze every penny out of the market they can. Jon grew up raising corn and soybeans on a farm near Beatrice, NE. Upon graduation from The University of Nebraska in Lincoln, he became a grain merchandiser and has been trading corn, soybeans and other grains for the last 18 years, building relationships with end-users in the process. After successfully marketing his father’s grain and getting his MBA, 10 years ago he started helping farmer clients market their grain based upon his principals of farmer education, reducing risk, understanding storage potential and using basis strategy to maximize individual farm operation profits. A big believer in farmer education of futures trading, Jon writes a weekly commentary to farmers interested in learning more and growing their farm operations.Trading of futures, options, swaps and other derivatives is risky and is not suitable for all persons. All of these investment products are leveraged, and you can lose more than your initial deposit. Each investment product is offered only to and from jurisdictions where solicitation and sale are lawful, and in accordance with applicable laws and regulations in such jurisdiction. The information provided here should not be relied upon as a substitute for independent research before making your investment decisions. Superior Feed Ingredients, LLC is merely providing this information for your general information and the information does not take into account any particular individual’s investment objectives, financial situation, or needs. All investors should obtain advice based on their unique situation before making any investment decision. The contents of this communication and any attachments are for informational purposes only and under no circumstances should they be construed as an offer to buy or sell, or a solicitation to buy or sell any future, option, swap or other derivative. The sources for the information and any opinions in this communication are believed to be reliable, but Superior Feed Ingredients, LLC does not warrant or guarantee the accuracy of such information or opinions. Superior Feed Ingredients, LLC and its principals and employees may take positions different from any positions described in this communication. Past results are not necessarily indicative of future results. He can be contacted at jon@superiorfeed.com.last_img read more

Major parties swing into poll mode in Chhattisgarh

Major parties swing into poll mode in Chhattisgarh

first_imgThe three major political parties in Chhattisgarh have swung into election mode with Assembly elections just 10 months away. The State is likely to go for polls in October-November this year along with Madhya Pradesh and Rajasthan. In the 2013 elections, the difference in vote share between the ruling Bharatiya Janata Party and opposition Congress was a mere 0.75%. The stakes are higher this year as the State is likely to witness a three-cornered contest with the entry of former Chhattisgarh Chief Minister Ajit Jogi’s Janata Congress Chhattisgarh (J). Mr. Jogi has already declared candidates for 20 of the 90 Assembly seats. Yogesh Tiwari, Janata Congress Chhattisgarh (J) leader, said, “We have almost finalised our candidates for 15 more seats. Our leaders have already covered 75 Assembly segments during various yatras in the last few months. We are also appointing a Panna Prabhari [in-charge of voter list] in every Assembly segment.”The Congress recently appointed its election committee and reshuffled its State party committee. A tribal leader and a Dalit leader have been made the executive presidents of the State unit of the Congress and a tribal MLA has been named as the party’s deputy leader in the Assembly.In the 2013 elections, the Dalit-dominated Assembly segments tilted the outcome in BJP’s favour. This time, the Congress is eyeing Dalit votes and is pinning its hopes on its newly appointed AICC State in-charge P.L. Punia, a Dalit leader from Uttar Pradesh.Congress spokesperson Shailesh Trivedi said, “Mr. Punia has covered almost every district in the State. Bupesh Baghel [the State Congress chief] is also carrying out padyatras in the State.”The BJP sounded the poll bugle six months ago, with party national president Amit Shah asking party workers to focus on cornering 65 Assembly seats during his three-day tour of the State in June last year.Chief Minister Raman Singh also travelled to all the district of the State during his Jan Suraj campaign. A BJP leader said, “Our frontal machinery has already started work. Ministers have been asked to organise religious programmess and health care camps and to get in touch with local party workers.”A BJP Minister said, “With the entry of Ajit Jogi, political equations have changed. Mr. Punia has also activated the Congress machinery. We will also be up against 15 years of anti-incumbency. So this time, we have started election preparations early.”last_img read more

Sehwag, Zaheer set to return for Sri Lanka tour

Sehwag, Zaheer set to return for Sri Lanka tour

first_imgThe fit-again duo of opening batsman Virender Sehwag and pacer Zaheer Khan is all set to return to the Indian squad after missing the Asia Cup when the selectors meet here on Wednesday to choose the side for the upcoming cricket tour of Sri Lanka.The duo, along with Zaheer’s pace understudy Umesh Yadav, sat out of the Asia Cup in Bangladesh in March on fitness grounds.They were also not part of the squad for the one-off Twenty 20 International in South Africa on March 30 which was India’s last international engagement.With these three players expected to be available for selection, the squad for the Lanka tour — comprising only One-Day Internationals and Twenty20 ties — is set to see some changes from the side which flopped in the Asia Cup and lost the rain-hit T20 match to the hosts in Johannesburg by D/L method.With Sehwag back in action, one of the other middle order batsmen from the Asia Cup squad will have to be sacrificed and Manoj Tiwary could be the man to make way for the former’s return.It’s not clear whether Tendulkar, who had set the fabulous record of 100 international hundreds in the previous 50-over competition that India took part in, is available for the Lanka tour following his nomination as a member of Upper House of Indian Parliament.According to selection committee sources, things would become clear just before the five-member team sits down to choose the touring squad when the Cricket Board’s convener Sanjay Jagdale apprises them about the availability and fitness concerns, if any, of players in contention.advertisementIf by any chance Tendulkar decides to opt out of what is widely perceived to be a low-key series commencing on July 21, Ajinkya Rahane is the man most likely to be named as the third opener after Sehwag and Gautam Gambhir.last_img read more

In the Twilight zone: H.M. Naqvi on Karachi

In the Twilight zone: H.M. Naqvi on Karachi

first_imgH.M. NaqviMany cities are founded by gods, heroes, conquerors but Karachi emerges from nothing, from stories. There are stories about Ram and Sita sojourning in a verdant cove that would become a canton of the city. There are stories about a wandering Sufi who settled by a creek and in,H.M. NaqviMany cities are founded by gods, heroes, conquerors but Karachi emerges from nothing, from stories. There are stories about Ram and Sita sojourning in a verdant cove that would become a canton of the city. There are stories about a wandering Sufi who settled by a creek and in time the lice he shook from his head metamorphosed into crocodiles. There are stories about some natural calamity, an earthquake perhaps, that compelled the inhabitants of nearby bastis to populate the scrim of coast on the Arabian Sea that is now populated by some 18.2 million souls officially (21 million unofficially).Karachi is vast and varied. It might rain in Orangi but it remains sunny in Pipri. There might be street battles in Lyari while families picnic on the seaside at Sandspit. There are Balochi neighbourhoods such as Razaqabad where women are holed up in dull, concrete, single-storied structures, and cantons that include McNeil Road where Christian matrons wander on the streets in skirts. Any attempt then to distill the city into discourse is fraught, if not always futile. One might begin with one’s own story, one’s own Karachi.****My grandfather arrived in the city not long after the sudden, sundering inception of India and Pakistan. He would wind up in a onebedroom, ground-floor portion of a semi-detached house in Paposh Nagar that featured low ceilings, flimsy doors, paved concrete floors, and despite the sehen in the back, could feel somewhat claustrophobic. The household comprised some 15 members then, many of whom sprawled on charpoys under the sky at night because it would be warm inside.advertisementPeople celebrate Pakistan Independence day in Karachi in 2011.Recently, I visited Paposh Nagar after an eon. When I arrived, the curious neighbourhood children, tossing a wizened tennis ball, inquired after me, and when I told them my grandfather lived here, they informed the landlord’s wife of my visit. “My husband’s at the shop,” she said, hand on hip- the same shop his father ran half a century ago.We used to look up to the landlord, literally and figuratively: He lived above us, he owned real estate, ran a business. Whereas there were times when my grandfather would not be able to feed his eight children and would have to dispatch them to his in-laws. My slight, unschooled, sariclad, Purbi-speaking grandmother, however, made certain that her children were educated, that they worked hard, that they excelled. Consequently, in the span of a generation, almost all her children moved from one part of town to the other. They would become doctors, engineers, chartered accountants, bankers and one joined the foreign service. Although my grandfather died in a rented house, his sons would, in time, purchase land, build homes, make a life for themselves.****The story of Karachi is a story of immigration. After all, save the crocodiles at Mungho Pir, there was nothing to Karachi 300 years ago. But when scattered communities of fishermen congregated in and around Karachi, the Baloch rulers of Sind took note. By the 18th century, the latter tried to capture the emergent trading post thrice. Karachiwallahs only relented in 1795 on the condition that the Baloch would not enter town. As a result, the conquering force set up camp along the Lyari River-the second wave of immigrants to the city. In 1800, Karachiwallahs threw out the small British contingent that had set up a factory within the town limits. The denizens of Karachi have always been hardy and fiercely independent.The third wave of immigrants came after 1831, after the bloody battle at Miani where British forces slaughtered 10,000 locals to secure Sind. They were Parsi, Goan, Lohana, Bohra. Last month, I met with the Bohra Lanewallah clan, one of the oldest extant families of Karachi. They owned vast swaths of real estate once, including the spectacular Sayfi Apartments, home to many of the city’s Jews. At one juncture, the Lanewallahs were among the most prosperous families in the city. Things, however, have since changed: The Jews have packed up and the Sayfi Apartments have frayed. The dynamic of immigration is straightforward: Each wave displaces the last. And each community grates against the other, then coexists.Unlike Lahore or Islamabad, Karachi is not pretty. It’s a rough and tumble megalopolis like Sao Paulo, like Mumbai, that features a hardy, dynamic populace.There are periods when other immigrant communities are at daggers drawn-Mohajir, Pathan, Balochi, Sindhi-followed by periods of relative amity. In the last decade, Karachi mostly flourished. Trash was collected. Parks sprang up. Roads, water lines were laid. Above all, law and order was maintained. In 2001, for instance, the homicide per capita rate in the city was lower than Boston, than Seattle. Things changed circa 2008. The detritus from the war on the border flowed downstream. Turf wars became routine. This summer, Lyari, a troubled canton ruled by feuding mafias (much like Dongri), went up in flames. The day I began writing this piece, 12 died in what newspapers term “targeted killings”.Lyari, however, is also renowned for its soccer players, snooker players, boxers and beer halls. Since I enjoy beer, I had tried visiting several times but each time I attempted I was told “it’s not such a good time”. During the soccer World Cup, however, Pax Lyrariana was declared. Massive screens were set up (reportedly 26 altogether), courtesy of the reigning don, Uzair Balouch. Thousands spilled on to the streets, some swilling beer, all championing Spain. (When I asked a Makrani boy raising a large yellow flag, Why Spain, given the expulsion of Muslims, the inquisition, he thoughtfully replied, Yes, but they still have Muslim blood in them!)advertisementAt halftime, I was summoned by Uzair. I expected a large, fearsome character. Instead, I found myself face to face with a handsome, soft-spoken fellow about my age, sporting a Brazil jersey. “You’ve come from outside,” he said. “Tell them to give us money for our stadiums, for the youth.”A stone’s throw from Lyari is Lee Market, an animate commercial mecca of the city, offering everything from tea and tinned products to nuts and dry goods. In offices the size of closets, Memons, Punjabis and Pathans conduct trade worth millions of rupees daily. And they will tell you that Uzair’s men run a massive extortion racket. One powdered milk merchant informed me, “Once upon a time the MQM collected bhatta. But they left it. Maybe they have other things to do.”****There are other stories, other dynamics that inform Karachi but routinely escape discourse. Once I visited Qazafi Town, a far-flung canton populated by Waziris, Pathans who hail from the troubled badlands of the country bordering Afghanistan. Had I walked into a home in Waziristan (especially being a Shia), I might have been deemed wajib-e-qatl, or “liable to be killed”, but in Qazafi Town I was invited into a co-ed home-school by two young women.Their mother, a tough matriarch, sat surveying her domain on a charpoy, while their brother, a bearded character with his shalwar above his ankles, was on his way to the mosque around the corner- rumoured to be patronised by the sectarian terrorist outfit, Sipah-e-Sahaba. How, I wondered, did he allow the school to function?I learned that after his father’s death, he became responsible for three women. Consequently, when approached by a local start-up NGO, he made an economic decision, not a religious one: By allowing the home-school, his sisters would receive a salary, free medical treatment (via a monthly mobile health clinic) and the school-his house-received floor mats, a water cooler. In a few years, he changed the way he lived and thought, the way his people lived and thought for centuries.advertisementFLAME, the organisation funding the homeschool (and hundreds around the country), is characteristic of the private social initiatives that define the life of the city. A student leader Adeeb Rizvi, built SIUT, a free, world-class kidney hospital from scratch. A group of businessmen that include Jameel Yusuf founded the Citizens Police Liaison Committee, an institution cited by the UN as a model for crime prevention. Humanitarians such as Akhter Hamid Khan, a pioneer in microfinance and “bottom up community development”, and Abdul Sattar Edhi-founder of a social welfare programme that operates the largest ambulance service in the world, not to mention orphanages, clinics and women’s shelters-have been Nobel contenders. Where the state fails, Karachiwallahs pick up the slack.****Unlike Lahore or Islamabad, Karachi is not pretty. It’s a rough and tumble megalopolis like Sao Paulo, like Mumbai, that features a hardy, dynamic populace. Karachiwallahs make Karachi Karachi. The city is populated by thugs and humanitarians, businessmen and novelists. No other city in Pakistan (or say, Austria for that matter) could sustain something like the Karachi Literature Festival. No other city can boast weekly qawwalis and mushairas as well as art exhibitions and plays. Karachi has changed dramatically in three centuries and will continue changing at the same pace. Whether it will change for the better or worse is a matter best left to punters and political pundits. I need qawwali, a plate of nihari and the energy of a megalopolis.Like my grandfather, I might not own any real estate in the city (or, for the record, anywhere else), but I have carved a life for myself here. As a storyteller, Karachi fascinates. There’s a story under every stone.-The writer is an award-winning author of Home Boy. He lives in Karachi. His next novel, to be out in 2013, is set in the city.last_img read more

Romao the First of Four

Romao the First of Four

first_imgOlympiacos has announced the signing of Alaixys Romao from Marseille. The 32-year old defensive midfielder has signed a 2-year contract with the Erythrolefki. Romao is the first of four signings anticipated today on the final day of the transfer window.Romao is a clear “#6” defensive midfielder that has played his whole career in France. Before making a move to Marseille in 2013, he played at Toulouse, Louhans-Cuiseaux, Grenoble, and Lorient. He is coming off of three full seasons in the French Ligue 1 with Marseille (45, 39, 38 appearances). Additionally he has 52 caps with Togo’s National team.The 32-year old signed a 2-year contract with Olympiacos as a free agent. After signing his deal he stated “I want many titles with the biggest team in Greece.” Romao is another option in the defensive midfield position along with Milivojevic, Cambiasso, and Zdjelar. Milivojevic has caught the interest of many teams, however he is not expected to be sold last minute, as Olympiacos have minimal starting-line up options in the current position.The Erythrolefki are expected to complete three additional signing before the transfer window closes today at 6:00 PM local time. The three players will be Bruno Viana (central defender),Gonzalo Paciência (striker), and the “big name” Oscar Cardozo (striker). Of course, we cannot rule out a last minute surprise from the Greek Champions.Giannis Maniatis, Manuel da Costa, and Dimitris Siovas have all been rumored to leave the club with neither of the players rumored to transfer deal. Source: AGONAsport.com (Facebook – Instagram)TweetPinShare0 Shareslast_img read more

2005 ASICS NTL- SENIORS DAY THREE SUMMARY

2005 ASICS NTL- SENIORS DAY THREE SUMMARY

first_imgWell, day three at the 2005 Asics Seniors NTL has been long but good. We kicked off at 7:30am Friday morning and didn’t finish games until 10:00pm Friday night. After Thursday’s storm action, we had drizzle all day, had to move games from the main arena to preserve the muddy surface and give it time to dry out before finals and got to watch a beautiful sunset as the lights came on and we had some great night Touch. The day was action packed, with special mention going to retiring Australian Touch CEO Bill Ker (or Sonny Bill Ker as he’s now known). Bill pulled on the boots and slipped into the ACT uniform to help out a side hit hard by injuries. It was his first appearance playing at the NTL, having always been involved as an administrator. What a way to go out Sonny Bill! (Pictured here.) Summary of day three: MENS 30’s: After the final round of competition in the Mens 30’s, the Mets and Sharks finished on top of the ladder, with no losses but a draw against each other. With the Scorpions no more than one or two touchdowns behind those two sides, the finals are sure to be hot. In Saturday’s semis the Mets will face the Scorpions and the Sharks will meet the Mets, guaranteeing a certain NSW v Qld style grand final. The Cyclones are the only side yet to win a match in the Mens 30’s and will be looking to topple the Crusaders in their 8th-9th play off and finish with a match against the Warriors for 7th place. MENS 35’s: In the Mens 35’s the Sydney Scorpions and Mets are looking very tough to go past, although the Sharks and the Cyclones round up the top four and are lurking as the outside chances. The Sharks have been slightly inconsistent though, their 3-2 win over the Mets followed by a 7-6 loss to the Hornets. Other quality matches on day three of the Mens 35’s included the Rustlers 4-3 win over the Warriors and the Mets 4-2 win over the Cyclones. MENS 40’s: The Mens 40’s had a massive day of competition, not finishing until 10pm due to the cancellation of their matches the previous day. It looks like it will be an action packed competition, as the Scorpions, Sharks and Suns are all tightly packed at the top of the ladder and the Northern Eagles not far behind. The Northern Eagles are defending Champions, so they can be expected to put in a solid performance come semi finals times. The Scorpions will face the Eagles and the Sharks will play the Suns. MENS 45’s: The Cobras have been the outstanding side of the Mens 45’s, only allowing 7 touchdowns to be scored against them, with three of those being from their match against the ACT (led by the mighty Sonny Bill Ker, ATA retiring CEO who stepped in to make a final appearance for the last few matches, as the ACT side has been decimated by injuries.) The Mets, Scorpions and Eagles look like they could be the only sides who will challenge the defense of the Cobras, who are still looking as fresh as they did on day one amazingly. The Cobras will face the Eagles and the Mets will face the Scorpions in the Mens 45’s semi finals. MENS 50’s: The Mens 50’s were among the last to leave Coffs Stadium Friday night, with their matches finishing after 9pm. It was certainly a tough night for the Mens 50’s, with the weather and wind being cold, although the atmosphere under lights is always something special. Being the end of a very long day and quite late at night, amny of their final round of pool matches were low scoring affairs, the Eagles winning 6-0 over the Rustlers, Cyclones 4-0 over the Suns, Sharks 4-0 over the Cobras and Mets 2-1 over Hornets. The Mets will face the Sharks in the first semi final, while the Hornets will meet the local Northern Eagles. WOMENS 30’s: The Crusaders and Scorpions look the side to beat in this division, their 3-3 draw earlier in the competition leaving them on top of the ladder together. Their strong record puts them straight through to the semi finals, with the other sides forced into qualifying finals for the final two spots in the semis Friday night. The qualifying system looks complicated, but basically the remaining sides, the Suns, Mets, Cobras and Rustlers are fighting for the two remaining spots in the Semi finals. WOMENS 35’s: The Womens 35’s competition may only have five teams but it is certainly tough. The Cyclones and Rustlers played off for the final spot in the final four, with the Cyclones, yet to win a match all tournament, defeating the Rustlers 1-0. They now go through to a semi final against the Hornets, while the Suns will face the Sharks. WOMENS 40’s: The Sydney Scorpions finished top of their pool with four wins and a draw, with the draw against the third placed Cyclones indicating the Eagles (finishing second,) the Scorpions and Cyclones all have more than just a fingertip on the title. The Scorpions will face the Cobras in the first semi final, while the Eagles play the Cyclones.last_img read more

10 months agoHuddersfield close to deal for Leyton Orient starlet Joshua Koroma

10 months agoHuddersfield close to deal for Leyton Orient starlet Joshua Koroma

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Huddersfield close to deal for Leyton Orient starlet Joshua Koromaby Paul Vegas10 months agoSend to a friendShare the loveLeyton Orient starlet Joshua Koroma is attracting Premier League interest.The Mirror says Huddersfield Town are set to win the race for Leyton Orient whiz Koroma.The 20-year-old has come through the youth ranks at Brisbane Road, and is highly-regarded.He was being tracked by Aston Villa, Derby and Middlesbrough.But the Terriers are now in pole position to hand him a dream move to the Premier League. last_img read more

a month agoHummels on Man Utd target Sancho: He’d walk into any team in the world

a month agoHummels on Man Utd target Sancho: He’d walk into any team in the world

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Hummels on Man Utd target Sancho: He’d walk into any team in the worldby Paul Vegasa month agoSend to a friendShare the loveMats Hummels is full of praise for Borussia Dortmund teammate Jadon Sancho.The England winger is being linked with Manchester United.”I could imagine him in just about any team in the world,” Hummels told Bild.”Although he’s not mature yet, Jadon is already an outstanding footballer. His one-on-one, the pace. He loves to prepare goals.”He is an absolute weapon that even has potential for improvement.” last_img read more

NYK Line Partners Launch New Brand for LNG Bunkering

NYK Line Partners Launch New Brand for LNG Bunkering

first_imgzoom Japanese shipping company Nippon Yusen Kaisha (NYK Line) along with French multinational electric utility company ENGIE and Japan’s Mitsubishi Corporation have launched Gas4Sea, a new brand for their joint marketing of liquefied natural gas (LNG) as a marine fuel.The parties said that Gas4Sea aims to lead innovation through the ship-to-ship supply of LNG for the maritime sector.The announcement comes on the back of a framework agreement for a partnership to develop LNG bunkering services concluded between ENGIE, Mitsubishi Corporation and NYK in 2014.“By combining NYK’s shipping expertise with ENGIE and Mitsubishi Corporation’s LNG supply portfolio and terminal access under the brand Gas4Sea, the partners will offer a cleaner, reliable, safe, and cost-effective service to shipping customers worldwide,” NYK said.The companies will begin operations in the fourth quarter of 2016, using a purpose-built LNG bunkering vessel (LBV) with a 5,000 cm LNG capacity, which will be able to bunker vessels at the Belgian port of Zeebrugge, as well as other nearby ports.The partners said that they plan to expand their LNG bunkering services under Gas4Sea into other regions, in collaboration with stakeholders including shipping companies, port authorities, terminal operators, regional suppliers, and local governments and regulators.“In the general framework of energy transition, we believe LNG has a key role to play in developing a more sustainable shipping activity. In the coming months, we will start supplying United European Car Carriers’ new dual fuel car carriers operating in the North Sea and Baltic Sea,” Philip Olivier, CEO of ENGIE Global LNG, said.last_img read more

Designer Pedram Karimi to keep blurring lines

Designer Pedram Karimi to keep blurring lines

first_imgAhead of this curveball has been designer Pedram Karimi, who launched his eponymous and genderless line in 2012 in Montreal. “My philosophy for the brand from the get-go was about having a neutral wardrobe that could fit various types of individuals and their lifestyles,” he says.“I imagined a Utopia filled with conscious and mindful people who see this world as a whole and with this way of thinking, they’d also care about what they wear and where it comes from.”While we don’t yet have a gender-free paradise on Earth, this past year has seen a major shift in how we collectively think about gender and clothing. Advertisement Advertisement Advertisement Login/Register With: Each generation of artists takes as its sworn duty the smashing of icons and the challenging of traditions and assumptions. But even in an industry where trends churn by at blinding speed, the fashion world has been upended rather suddenly by the blurring of gender lines. LEAVE A REPLY Cancel replyLog in to leave a comment Facebook Twitterlast_img read more