Nelson cleared by JRC

first_imgThree-time champion jockey Dane Nelson was on Tuesday cleared by the stewards of the Jamaica Racing Commission for his riding of highly-fancied COMMANDING CHIEF in the seventh race for overnight allowance horses at Caymanas Park on Saturday, March 19. Nelson rode the veteran campaigner to finish fifth to HOVER CRAFT over 1500 metres, but the stewards were not satisfied with his riding and summoned him to an inquiry. After hearing submissions from Nelson as well as his representative Ed Barnes, the stewards accepted the jockey’s submission that he had suffered an injury on the track on Friday, March 18 and had received medication from the doctor. They also accepted the argument that COMMANDING CHIEF displayed symptoms of breathing problems during the race, which affected his performance. Additionally, Nelson apologised to the stewards for his disrespectful behaviour in the scales area and in the vicinity of the Stewards’ Room. He was also cautioned regarding his conduct and what is expected of him as a professional jockey. Nelson, the leading rider with 22 wins so far this season, was second time lucky yesterday, when he successfully appealed the decision by the stewards to disqualify his mount, PAPER N LACE after winning division one of the McKay Security Trophy over 1820m on New Year’s Day. The horse was disqualified for causing interference to OH MY GRANDPA in the early stages of the event and the race was awarded  to GRAN CORAZON. PAPER N LACE was reinstated to first by the full Commission.last_img read more

Market Challenges Cut Milahas Quarterly Earnings

first_imgzoom Qatar-based marine transport and logistics conglomerate Qatar Navigation (Milaha) has seen its net profit drop by some 33 percent for the first quarter of the year ended March 31, 2017.Namely, the company ended the quarter with a net profit of QAR 236 million (USD 64.8 million), significantly lower than QAR 352 million (USD 96.6 million) reported in the same period in 2016.Milaha’s operating revenues also decreased to QAR 648 million for the first three months of the year, compared to QAR 767 million reached a year earlier, representing a decrease of 15 percent, while its operating profit dropped by 27 percent to QAR 185 million from QAR 256 million in the respective periods.“We are continuing to face the same market challenges as in 2016, but we remain confident in our ability to drive growth and capitalize on new opportunities while exercising financial discipline,” H.E. Sheikh Ali bin Jassim Al Thani, Chairman of Milaha’s Board of Directors, said.Additionally, Milaha Maritime & Logistics’ net profit declined by QAR 14 million, mainly as a result of continued rate pressure in the company’s container shipping unit, while Milaha Gas & Petrochem’s net profit plunged by QAR 46 million mainly driven by a global downturn in shipping rates that impacted all major sectors.Similarly, Milaha Offshore reported a drop in its profit as well, which decreased by QAR 25 million, with QAR 22 million of that related to impairments.“Given the difficult environment we are working in, we posted solid operational results. We will continue moving ahead with our multi-year growth strategy to build a stronger and more sustainable business,” Abdulrahman Essa Al-Mannai, Milaha’s President and CEO, said.last_img read more