Vine/Dan LyonsOklahoma’s Buddy Hield is this year’s Big 12 Player of the Year, and for good reason. The junior shooting guard does everything for the Sooners, and in tonight’s Round of 32 game against Dayton, that includes making a crucial block on a fast break lay-up attempt that could have cut the Oklahoma lead to two points. Dayton guard Darrell Davis stole the ball from OU’s Jordan Woodard, and immediately took off for the hoop. As he released the ball, Hield made a fantastic play to reject the shot out of his hand. Instead of a two-point game, Oklahoma was fouled and extended the lead.Oklahoma finished the game with a 72-66 win, and will face Michigan State in the Sweet 16 at the Carrier Dome in Syracuse, NY.
zoom South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) ended the third quarter of this year with a profit of KRW 45.7 billion (USD 41 million), compared to a net loss of KRW 284 billion posted in the same period a year earlier.As explained, the restructuring measures, including asset sales and workforce reduction, as well as increased delivery of offshore facilities contributed to the quarterly financial performance.Operating profit for the quarter stood at KRW 207 billion, against an operating loss of KRW 187 billion seen in Q3 last year.Sales decreased to KRW 2.42 trillion in Q3 2017 from KRW 3.02 trillion reported in the corresponding three-month period of 2016.“As all five offshore plants are scheduled to be delivered or depart (DSME facilities) this year, stable earnings will be possible in the future,” the company said.Unveiled in March this year, the restructuring plan sets out three key principles – debt restructuring, financial assistance and bearing the burden of losses by all stakeholders.“We will thoroughly implement the plan … including the sale of additional subsidiaries along with improved earnings,” a DSME official said, adding that the company will accelerate ship and offshore plant orders.This is the third profitable consecutive quarter for the company. DSME’s net profit was KRW 1.25 trillion in Q2 and KRW 291.8 billion in Q1.During the first nine months of this year, DSME recorded a profit of KRW 1.53 trillion, compared to a loss of KRW 1.24 trillion posted in the same period last year.World Maritime News Staff
zoom Japanese shipping company NYK Line has placed an order for a new liquefied natural gas (LNG) carrier with Hyundai Samho Heavy Industries in Korea.The order is part of NYK Line’s contract with EDF LNG Shipping Ltd., a subsidiary of Electricité de France (EDF), to charter out a newly built LNG carrier for seven years, with optional extension periods for up to 13 additional years.The vessel is due to be delivered on April 30, 2020.NYK Line said that the vessel will be fitted to EDF’s specific requirements and will have a 174,000-cubic meter capacity.The LNG carrier will be fitted with a GTT Mark III Flex cargo containment system-a cryogenic liner directly supported by the ship’s inner hull and designed to store LNG at near atmospheric pressure.The newbuild will also feature a dual-fuel slow-speed engine (WinGD X-DF diesel engine) which is able to operate on marine gas oil or boil off gas stored as liquid at cryogenic temperatures.