Analysis: Four takeaways from the Lakers’ 3-3 preseason

first_img Trail Blazers beat Grizzlies in play-in, earn first-round series with the Lakers UNSETTLED AT CENTERThe Lakers figure to go into the season with an open roster spot, and based on the play so far, it might be best suited at some point to use it to acquire a big man. McGee, the presumed starter, averaged 10.3 points and 6.3 rebounds in 20 minutes per game, which is more minutes than he’s averaged in any season since 2012. Ivica Zubac was hindered by illness early in training camp, which made it hard for him to prove he’s a viable back-up at the position. The small-ball center experiments with Kuzma at center weren’t especially convincing, and defensively the Lakers were pressed to guard big men like Nikola Jokic or Marcin Gortat. They also finished in the back of the pack in rebounding percentage in the preseason (47.8 percent, 27th among NBA teams).Walton said the team will continue to stick with its small-ball lineups, and used selectively, that might be effective. But in the opening weeks of the season, the Lakers will face Clint Capela, LaMarcus Aldridge and Jokic. If the team isn’t able to guard those guys and is losing on the glass every night, there will be a cry for a more definitive answer (or at least depth) in the middle.STRONG EARLY CHEMISTRYWhile the roster construction lends itself to questions about how chemistry will unfold, the Lakers ended their first road trip like a team in high spirits.During the finale in San Jose, the bench was chatty and engaged, even James and Rondo who had the night off. Afterward, teammates were bantering back and forth in the locker room. It was also telling that the Lakers spent some time together on their weekend off: Lance Stephenson, McGee and Ball hit the studio to record some music together, and a larger group went to the Drake concert on Saturday night at Staples Center, during which James popped up on stage.Going on the road itself was a positive experience for the team, many of the Lakers said, which at the very least is a hopeful beginning for how the personalities will mesh.“Going to team dinners, hanging out outside of practice, did that a lot this road trip,” Kuzma said. “Chemistry is coming. You’re going to see that early on, so when we have it in April and May, it matters.”Related Articles Lakers, Clippers schedules set for first round of NBA playoffs Newsroom GuidelinesNews TipsContact UsReport an Error How athletes protesting the national anthem has evolved over 17 years AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREUCLA alum Kenny Clark signs four-year contract extension with PackersLEBRON’S UNASSUMING ENTRANCEIn the past, James has been anything but reserved about expectations when signing with a new team. In Miami, there was the famous “Not one, not two” declaration on a stage in front of throngs of delirious Heat fans. When he re-signed with Cleveland, his Sports Illustrated letter spoke of wanting to bring a trophy to his home state.Such talk of titles and rings has been conspicuously absent. Even in the thrilling moments when James has shown why he’s still one of the most exciting players in the world, he’s kept expectations reasonably humble, using words like “patient.” It’s not just implying that he knows it will be tough to keep up his streak of eight straight Finals appearances, but it also suggests he knows how much power his words have, and how accountable he has to be to them.Not that James has had to say much: He was ruthlessly efficient in the 63 minutes he played in the preseason, jamming in stats, but also memorable moments like the running dunk at Staples Center and the buzzer-beater against the Warriors. James is known for occasional blunt honesty in the media about his teams, but it’s probably a healthy sign for the Lakers that so far, he’s held back raising the bar too high.BRISK PACE, BUT SLOPPYThe Lakers promised to be fast, and they were throughout the preseason. They were one of the five fastest-paced teams in the league (112.21 possessions per game) and repeatedly showed the ability to run down the floor with different playmakers and finishers. Plays like JaVale McGee, Kyle Kuzma and Brandon Ingram benefitted greatly from having players like James, Rajon Rondo and Lonzo Ball passing to them at the rim.But the Lakers also ranked in the bottom third for turnovers (18.3 per 100 possessions) and definitely showed up sloppy on some nights. Part of that is experimental: Players are still building familiarity with one another and learning how to feed each other the ball. Part of that is also that the Lakers played only NBA opponents instead of padding stats against Maccabi Haifa or the Beijing Ducks as some teams did. There was progress made in taking care of the ball by the last game, but it still could be a sticking point, especially early in the season. Trail Blazers, Grizzlies advance to NBA play-in game; Suns, Spurs see playoff dreams dashed Lakers practice early hoping to answer all questions SAN JOSE — Preseasons wins don’t matter, and they never will. And yet, there was something upbeat for the Lakers as they closed out in SAP Center with a win over the Warriors.It left them with a feeling that they had accomplished a lot in a short-but-packed six-game schedule, and with a preseason record of 3-3, there were certain areas where they made definable progress.“We know we have a lot of work to do and we are at the beginning still,” Coach Luke Walton said. “It is going to be long journey, but it is going to be fun. I am very pleased with the amount of growth and effort in the short amount of time so far.”Here’s some observations on what has stood out from the Lakers in the preseason:last_img read more

HOUSEHOLD TAX: HOGAN ‘PUNISHING’ DONEGAL BY CUTTING MILLIONS FROM COUNCIL BUDGET

first_imgSinn Féin finance spokesperson Pearse Doherty TD has described Phil Hogan’s decision to withhold millions of euros from Councils including Donegal as “bully boy tactics”.He said that “imposing more cuts on local government will have a serious impact on the provision of services for hundreds of thousands of families.”Deputy Doherty said: “The introduction of the Household Charge was a bad idea.  It was ill-conceived, badly implemented and has no public support.  The whole issue has been mishandled from the start. “Last December the Department of the Environment told councils across the state what their 2012 allocation from the local government fund would be. Councils agreed their annual estimates on this basis. At no stage were councils told that this funding was dependent on the collection of the household charge.“Now half way through the year Phil Hogan is saying he is going to immediately withhold millions of euro from Councils which will have a serious impact on the provision of essential services for hundreds of thousands of families.“This is an utter disgrace and the fact that this is happening on the day that the Dáil is going into recess makes it even worse.  Once again Phil Hogan is trying to avoid any public scrutiny of his disastrous policies.“We accept that the government has to raise public finance but once again they go after the most vulnerable in society, who are more reliant on the services provided by local government.  Sinn Féin has set out how we would raise the necessary finance and have proved that the deficit can be addressed in a fair and equitable manner.” The outcome from Donegal was foreseen by the party’s county councillors however who voted against the 2012 Donegal CC budget on the grounds that it included household tax revenues.More than 65% of Donegal households still haven’t paid the household tax. HOUSEHOLD TAX: HOGAN ‘PUNISHING’ DONEGAL BY CUTTING MILLIONS FROM COUNCIL BUDGET was last modified: July 20th, 2012 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:HOUSEHOLD TAX: HOGAN ‘PUNISHING’ DONEGAL BY CUTTING MILLIONS FROM COUNCIL BUDGETlast_img read more

Unique ordination as Glenties man joins brother in priesthood

first_imgA Glenties man was yesterday ordained into the priesthood in a moving ceremony at St Eunan’s Cathedral in Letterkenny.Fr Anthony Briody will now join his brother Fr Joseph Briody into the priesthood.Fr Joseph is currently teaching in Boston. Many of Fr Anthony’s family and friends were in the congregation for his ordination which was celebrated by the Bishop of Raphoe, Alan McGuckian.Indeed this was Bishop McGuckian’s first ordination of a priest within the diocese.Among those in the congregation was Fr Anthony’s sister Mary, as well as his other brothers Martin and John.His mother Sylvia passed away in 2012 and his father is former Garda Sergeant Liam Briody who was also present. There was a huge welcome back in Fr Anthony’s hometown of Glenties last night to celebrate his ordination.Fr Anthony will celebrate his first mass in St Conal’s Church in Glenties tonight at 7pm.Fr Joseph and Fr Anthony Briody following yesterday’s ordination. Unique ordination as Glenties man joins brother in priesthood was last modified: August 19th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegalFr Anthony BriodyGlentiesordinationPriestlast_img read more

Update:  Crater-Count Dating Squabble Unresolved

first_imgRemember the revelation last year that many craters on Mars used to infer ages may have been secondary impacts from fallback debris? (see 10/20/2005 entry).  Well, a microsymposium on this subject was held in Houston in March, and Richard Kerr in Science1 said that “125 planetary scientists deadlocked over how to apply crater-dating techniques to recent Mars history.”    Some are adamant that most craters are secondaries, and that they are difficult to distinguish from primaries, while others feel their methods produce consistent dating results.  If the former are right, however, then crater counts “have little to do with telling time,” Kerr wrote.  Inferences about ages of features in geological history built on these dating methods could be “off by orders of magnitude.”    Support for the secondary-crater explanation comes from ground level.  It shows that the process occurs even at small scales:Close-up images from the Mars rover Spirit also suggest that secondaries dominate small craters on Mars, too.  Geologist Matthew Golombek of the Jet Propulsion Laboratory in Pasadena, California, a Spirit team member, reported on a survey of impact craters measuring from 10 centimeters to a couple of hundred meters across.  Spirit found that they are all far shallower and less bowllike than primary craters tend to be.  The high speed of impactors falling in from the asteroid belt makes for relatively deeper craters than those made by slower ejecta blocks of the same size.  “Almost every crater you see looks like a secondary,” said Golombek.1Richard A. Kerr, “Planetary Science: Who Can Read the Martian Clock?”, Science, 26 May 2006: Vol. 312. no. 5777, pp. 1132 – 1133, DOI: 10.1126/science.312.5777.1132.Before this realization came to light, the assumption was that meteoroids produced a steady rain of impactors on a planet or moon, allowing scientists to estimate the age of the surface.  “The concept sounds simple enough,” Kerr said, nostalgically; “To decipher the geologic history of other bodies in the solar system, count craters formed by the slow rain of bombarding rocks.  The more craters on a lava flow, glacial debris, or a flood deposit, the farther back in time a volcano erupted, ice flowed, or water gushed.”  Now, we know that “In practice, however, telling geologic time beyond Earth has proved tricky.”  A sidebar shows that there is even debate on how the impacts took place, and whether there was a catastrophic period of bombardment, or a slow decrease in events in the first million years of the solar system.    But wait; about that first million years – it is inferred from studies of the moon, which were dated by crater counts.  And the moon is also dated by extrapolation of dating methods from earth which were largely accepted due to their allowance of time for Darwinian evolution.  What if evolution is not true?  And what if the dating methods on Earth are flawed?  Can secular scientists really know anything about ages in the solar system?  Don’t count on it.  Assumption is the mother of confusion.(Visited 14 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Health News that Brings Hope

first_imgWhy do we never see articles claiming that exercise is bad?  Here are some more reasons to get moving.Work your brain:  Who wouldn’t mind a few more brain cells?  EurekAlert reported research from the Karolinska Institute in Sweden that exercise can stimulate the formation of new brain cells.  They think this helps explain why exercise also is good therapy for depression.Save your heart:  It’s not too late to get the cardiac benefits of aerobic exercise.  EurekAlert reported that changes in lifestyle habits, even if done later in life, can improve your risk of preventing heart disease.There were three key findings from the study – first, the benefit of switching to a healthy lifestyle past age 45 became evident even in the 4-year, short-term follow up; second, the beneficial impact of the changes occurred despite the relatively modest changes in health habits; and third, the healthy lifestyle was beneficial when compared to all persons with three or fewer healthy habits, not just in comparison to people with none or one habit.The four lifestyle changes that produced these benefits are: (1) Eat at least 5 fruits and vegetables a day, (2) Exercise 2.5 hours per week, (3) Don’t smoke, and (4) Keep your body mass index between 18 and 35 (see calculator).Other news on health deserves thinking about while you exercise:Amazing recovery:  A man in a persistent vegetative state (PVS) like that of Terry Schiavo came back from the living dead, reported LifeSite.  Doctors had written off accident victim Jesse Ramirez as a “hopeless vegetable,” but he awoke after a month-long coma and was able to sit up, answer questions, and hug.  He is now on the road to recovery.Another adult stem cell success:  Mesenchymal stem cells enhance hearing recovery, reported EurekAlert.  Fibroblast cells in the inner ear were shown to grow and survive in lab studies with stem cells from bone marrow.These stories all seem to have one truism in common: never give up hope.It wasn’t that long ago that scientists told us that brain cells never grow back, that inner ear damage was permanent and unfixable, that people in a coma should be put out to pasture, and that exercise was too late for old people.  These stories should be cause for hope and celebration.  Now get outdoors and get some healthy sweat.(Visited 12 times, 1 visits today)FacebookTwitterPinterestSave分享0last_img read more

Hair Tools Butterfly Hair Clamps 12pk BLACK : Just what I wanted

first_imgThe only snag is that they could do with being a bit bigger as they don’t always hold my hair in place as securely as i’d like. All in all though, they’re great for when i’m just putting my hair up out of the way for a short period. Fantastic value, great grip. . Was delighted with how well these work – wasn’t expecting much for the price but they are every bit as good if not better than those for sale in chemists for a much higher price. My hair is below the shoulders and these grip it well. Do what intended to do but the following day could have had the identical clips from a local discount store branch for a fraction of the price but you live and learn, looks about your local discount stores for such items before ordering. They came extremely fast which i wanted, since i want to take them on holiday with me soon. The are perfect size, the springs work great and all in all i am beyond happy. Just as expected.Just what I wantedGreat little hair piecesReally Great ValueFantastic value, great grip.Great product, great priceHair Tools Butterfly Hair Clamps 12pk BLACK. Love these, would definitely buy again. Just one is enough to hold up all of my hair which is of moderate thickness. They have really good grip and not one has broken so far. I use these to section my hair whilst shortening. I’m pretty heavy handed with them but none have broken after quite a bit of use. Really pleased with them especially for the price. Defo worth the money – excellent. Very pleased with product as for how cheap they were. Do the job perfectly, have been using them a few months now to section my hair and they haven’t broke or fallen apart so very happy. 12 strong clips, obviously not the best, super-duper quality but they do the job as well as others (or even better) that i’ve bought from claire’s, boots, sainsbury’s. Can’t see them breaking unless i step on them. What did i do before these, such wasted time. These are honestly a buy i’m glad i made its made straightening, curling my hair and so forth easier and quicker. On my initial purchase i was worried that they would not be strong but i was completely wrong. They are sturdy hair clips which are holding up brilliantly, i’ve had these since very early october 2015 and not a single one has broken despite me dropping and gripping at times quite tightly – have accidentally broken other hair clips/clamps in the past. These are also great for both long and short hair. Arrived quickly and are extremely useful, especially when deep conditioning in the shower or when cutting my hair (i cut my own hair). Mum keeps stealing them, so it’s a good thing there are so many in the packet. I’ve previously experienced poor quality when buying butterfly clamps, but these are quite sturdy, and not one has broken yet even though i’ve used them for months. Really strong very good value for money. Quick delivery, perfect size. Easy to use perfect for thin hair. Arrived very quickly so very happy with this product. Can’t complain, very cheap and does what it says on the tin, holds all my hair up (and i have quite a lot of it). Arrived very quickly so very happy with this product. Amazing clips that actually hold up unlike others, as they always seem to slide off my hair. These are great for people who have thick hair. Like me, i have mounds of hair and i cannot fir the plastic flimsy ones around a pony tail, so i bought these and they fit great. Could need two at times but one does a good job too. Arrived on time and were packaged appropriately. I’ve been using them pretty much every day and there’s been no sign of wear and tear. Arrived within a couple of days and they hold my hair up nicely.last_img read more

Solar Hits a Wall in Massachusetts

first_imgIncentives that have played a major role in the rapid increase of photovoltaic (PV) installations in Massachusetts are nearing their limits, cutting the financial return on solar projects while state legislators contemplate their next move, The Boston Globe reports.One of the subsidies, solar renewable energy certificates, hit the cap of 1,600 megawatts of PV through a combination of installed projects plus those in the planning stage. Utilities buy renewable energy certificates, called RECs, to help them meet renewable energy requirements. They can be more valuable to the owners of PV systems than net metering.The brisk pace of new solar installations in Massachusetts also pushed one utility, National Grid, to its net-metering cap last spring. That hasn’t stopped new PV projects from being developed, but it has lowered reimbursements under the program for larger solar installations from the retail rate for electricity to something closer to the wholesale rate, according to Mary-Leah Assed, a National Grid spokeswoman.Retail-sized projects, those under a rated capacity of 10 kilowatts, are not affected.Even so, John DeVillars, managing principal at BlueWave Capital, a solar developer in Boston, told The Globe, “The industry’s on hold, basically. Until there’s clarity on the next incentive program, very little activity will take place.”Massachusetts has one of the more active PV records in the country. The Solar Energy Industries Association, a trade group, says that the state installed 308 MW of PV capacity in 2014, the fourth highest amount in the U.S. Its 944 MW total makes it sixth overall in the country. Vermont asks for higher limits from regulatorsVermont’s Green Mountain Power (GMP) said last fall that it had reached the net-metering cap set by lawmakers, but added it would ask the Public Service Board to extend the program. In the meantime, the utility said that it would continue to accept new PV systems from homes and businesses as long as the systems are rated at 15 kilowatts or less.Community projects between 15 kW and 150 kW with a total rated capacity of 7.5 megawatts also would be allowed when they serve homes or businesses that can’t place PV arrays on their own properties.GMP said that the Public Service Board is studying a new net-metering plan that would go into effect next year.The utility has created a solar map that shows the location of solar installations around the state, and where new projects have been proposed. Different colors mark where there’s plenty of remaining capacity for new projects, and where the grid is approaching capacity.Net-metering and interconnection rules are set by individual states. In a 2014 report, the National Renewable Energy Laboratory said that about half of all states with net-metering policies include limits on the amount of renewable energy that can be installed. Of the 44 jurisdictions with net-metering, 57% have some type of restriction on total capacity, and 37% have no restrictions. Caps generally range from 0.2% to 9% of peak demand, although two jurisdictions have much higher limits, NREL said. EQ Research publishes an online summary of net-metering policies around the country. It includes a state-by-state listing showing which states have caps, which do not, and how much of an individual state’s cap has been reached. Net metering caps are also an issue elsewhereIn neighboring New Hampshire, the state House of Representatives is discussing a bill that would raise the state’s cap on net metering by 25 MW to a total of 75 MW of installed PV capacity. According to a report, the New Hampshire Sustainable Energy Association (NHSEA) says that most of the state’s utilities have reached their allotted amounts of energy under the existing net-metering cap. One solar installer, SunRay Solar, said last month that it would lay off one-third of its employees because Eversource had reached its cap.The New Hampshire Senate already has passed a bill that would increase the cap by 25 MW.While welcoming the increase, NHSEA said it would be “insufficient over the course of the year to keep businesses and consumers able to continue to choose on-site, renewable self-generation with transparency and market stability.”Kim Quirk, the owner of a solar company in Enfield, N.H., complained that the current plan would not allow any business forecasts beyond this summer, and would prevent the company from hiring more people.center_img Extensions need approval from lawmakersMassachusetts lawmakers are bogged down in negotiations on raising the net-metering limits, with the House supporting a plan that’s more favorable to utilities and the Senate backing a plan endorsed by solar advocates.Senator Benjamin Downing, co-chairman of the state legislature’s energy committee, said that the issue could be resolved soon, or get tangled in debate over energy policy that would put off a decision until summer, The Globe said.Peter Lorenz, a spokesman in the Department of Energy Resources, said that Governor Charlie Baker was committed to working with legislators and to develop an alternative to the solar certificate program.As in other parts of the country, the debate over incentives in Massachusetts have pitted electric utilities against solar advocates. Utilities say that the incentives unfairly increase the cost of electricity for non-solar customers, while solar energy advocates say that solar installations improve the grid’s reliability and reduce the need to operate fossil-fuel burning plants.last_img read more

Four Powerful Beliefs You Must Hold to Succeed In Sales

first_imgThere isn’t anything that is going to have a greater impact on your results in sales (or anything else, for that matter) than your beliefs. Here are four beliefs that fuel your success, and without which success is impossible.Believe That You Can Make a DifferenceOne of the most powerful beliefs you can hold is the belief that you can make a difference. This is the foundation of being a Level Four Value Creator. It’s the belief that, through your effort, you can produce a better outcome. In your life and in other people’s lives. In your business and in other people’s businesses.The opposite belief, the belief that you can’t make a real difference, is a terribly unhealthy belief. It breeds a palpable lack of confidence and insecurity. It’s why some people struggle to produce results, struggle to prospect, and struggle to ask for the price they are worth.Your self-worth is based on your belief that you can make a difference.Believe That You Will SucceedIf you believe you will succeed, you will not only take action, you will continue to take action until you get the results you’re after. Believing you will succeed is an extraordinarily powerful belief. It’s called expectation theory: we get what we expect.Have you ever met someone that was utterly convinced that they would succeed, despite any and all evidence to the contrary? Because they expect to succeed, eventually, they do.If you believe that you can only fail, you won’t take the actions you need to take to succeed, to make a difference, or to grow. Why bother putting forth the effort? Expectation theory works in both directions. If you expect to succeed, you will. If you expect to fail, you most assuredly will too—even if you only fail because you failed to take action.Believing you can succeed is the root of taking action. It’s fuels your initiative.Believe That Other People Will Help YouSome people act as if all of the people around them are in on their plan for world domination. They believe other people will help them. They believe the people they know want to help them, and that strangers too want to help them. So they ask for help.The belief that other people will help you is a critically powerful belief because it’s the key to having the confidence to ask for that help. You aren’t alone. You aren’t on your own. There are a lot of people willing and able to help you—if only you will ask them.Believing other people will help you is a form of resourcefulness.Believing That When Things Go Wrong, They’ll Still Work OutOne of the fundamental attributes of all successful people is a sense of optimism, the belief that even if things go wrong, they’ll still work out in the end. This is a powerful belief because it allows one to move from failure to failure with no loss of enthusiasm, as Churchill once said. It enables resourcefulness, persistence, and determination.Believing there is no path forward is an unhealthy and dangerous belief. It kills initiative, and it’s usually a lack of resourcefulness and optimism that lead to this belief.The belief that things will work out is optimism. It doesn’t mean that you’ll always get the outcome you want when you want it. It’s the belief that if you continue working towards your goals, eventually you will get a positive result.The beliefs that you can make a difference, that you will succeed, that others will help you, and that things can still turn out well after a setback are the beliefs that lead to success. The opposite of these beliefs are the unhealthy beliefs that lead to poor results.QuestionsDo you believe you have the power to make a difference? Do you believe you are a value creator?Do you believe deeply that you will succeed?Do you believe that other people will help you if you enlist them?Do you believe that when things go wrong, they’ll still eventually work out? Get the Free eBook! Learn how to sell without a sales manager. Download my free eBook! You need to make sales. You need help now. We’ve got you covered. This eBook will help you Seize Your Sales Destiny, with or without a manager. Download Nowlast_img read more

2012 Pan Pacific Masters Games

first_imgTouch Football will be one of 41 sports on offer at the eighth Pan Pacific Masters Games on the Gold Coast in November. The Masters Games will run from Saturday, 3 November through to Sunday, 11 November 2012 with the Touch Football part of the event to be played from Wednesday, 7 November to Saturday, 10 November. 15 divisions will be on offer for the Touch Football part of the event, with four Women’s (30+, 35+, 40+, 45+), seven Men’s (30+, 35+, 40+, 45+, 50+, 55+, 60+) and four Mixed divisions (W30+/M35+, W35+/M40+, W40+/M45+, W45+/M50+). The Pan Pacific Masters Games is a celebration of masters’ sport with both fierce and friendly competition and a jam-packed entertainment program at the Games Village at the end of each day. For more information regarding the Touch Football component at the 2012 Pan Pacific Masters Games, please click on the link below: http://www.mastersgames.com.au/default.asp?PageID=13124Related LinksPan Pacific Gameslast_img read more

Reliance Industries Launches First Two VLECs

first_imgIndian private sector company Reliance Industries Limited (Reliance) has inaugurated its first two very large ethane carriers (VLEC) in a ceremony held in Geoje, South Korea.Constructed by Samsung Heavy Industries (SHI), the 80,000 cbm vessels Ethane Crystal and Ethane Emerald are said to be the largest VLECs ever built to date.The ships, which feature membrane technology provided by French marine engineering company Gaztransport et Technigaz (GTT), are the first of a series of six vessels ordered by Reliance in 2014, which will be fitted with GTT’s membrane containment systems.With a market value of USD 97.1 million per ship, according to data provided by VesselsValue, the remaining four carriers are scheduled to join their owner in 2017.The VLECs will be used to transport liquid ethane from the United States to India.Earlier this week Reliance said that it signed term loan deals for a total of USD 573 million to partially finance the construction cost of the six vessels.The loans, which have a tenor of 12 years, comprise of a Korea Trade Insurance Corporation (K-sure) issued tranche of USD 286.5 million and a commercial tranche of USD 286.5 million.Reliance Industries Limited said that the loans will be secured by collateral of the company’s VLECs, financed at a debt to equity ration of 80:20.last_img read more