Baxter denies report of vaccine trial in Indonesia

first_imgMay 30, 2007 (CIDRAP News) – Indonesia’s health minister said yesterday that Baxter Healthcare Corp would launch a clinical trial of an H5N1 avian influenza vaccine in Indonesia in July, according to news reports, but a Baxter official said the company has not announced any clinical trials.Siti Fadilah Supari, Indonesia’s health minister, said the clinical trial would involve “hundreds of participants” and conclude in October, according to an Associated Press (AP) report published today. She also said Indonesia would initially stockpile 2 million doses of the vaccine.In February, Indonesia revealed it had stopped sharing H5N1 virus samples with the World Health Organization (WHO) in a protest against drug companies’ use of the samples to make vaccines seen as too costly for developing countries. Soon afterward Indonesia signed a memorandum of understanding with US-based Baxter International, owner of Baxter Healthcare, which laid the groundwork for future collaboration or supply agreements on H5N1 vaccines.Chris Bona, a Baxter spokesman in Deerfield, Ill., told CIDRAP News today that the company has not announced any plans for a clinical trial of its vaccine in Indonesia and has not signed any new agreements with Indonesia beyond the initial memorandum of understanding in February.Bona said there were no firm plans to produce the company’s vaccine in Indonesia and no agreements about stockpiling. In addition, any Indonesian H5N1 samples Baxter would use to develop a vaccine would likely come directly from the WHO, Bona said.On May 15 Indonesia announced it had resumed sharing its H5N1 samples with the WHO. A week later, during the annual meeting of WHO member countries, the WHO negotiated a preliminary agreement designed to maintain the international sharing of flu virus samples while ensuring that developing countries can obtain pandemic flu vaccinesBaxter has a cell culture–based H5N1 vaccine under development. Last October the company said the preliminary results of a phase I/II clinical trial showed a good immune response against drifted H5N1 strains. The vaccine was based on a 2004 strain of H5N1 from Vietnam.See also:Oct 17 CIDRAP News article “Baxter says cell-based H5N1 vaccine shows potential in trial”last_img read more

Judge Ends Criminal Case Against Jeffrey Epstein

first_imgA judge has officially ended the criminal case against financier and former Palm Beach resident Jeffrey Epstein.U.S. District Judge Richard Berman granted prosecutors’ request on Thursday to dismiss charges against Epstein, after he hanged himself in jail on August 10 while awaiting his sex trafficking trial.Berman’s ruling comes after a hearing he held on Tuesday, at which sixteen women detailed how Epstein allegedly abused them. They said that he used his financial power and social circle of famous people to make the women vulnerable to sexual attacks that sometimes lasted for years.Meanwhile, Attorney General William Barr says the Justice Department plans to pursue the individuals who enabled Epstein to carry out the sex attacks.last_img read more

Bahamas to restrict travel from the US

first_imgAuthorities in the Bahamas are restricting US travel to the Islands in an effort to curve the rising cases of COVID-19.The announcement was made by Prime Minister and acting Health Minister Dr. Hubert Minnis who plans to have the order go into effect on Wednesday.According to the Bahamas Ministry of Health, they have had 153 cases of the virus and 11 deaths as of Sunday.Those traveling from Canada, Europe, and the United Kingdom are still welcomed to the islands, while travel from the US has been restricted to emergencies and essential travel.Those traveling to the islands must also be tested for the virus by an accredited lab and have a negative test 10 days or less before traveling or they will be required to quarantine for 14 days.The order will be a huge blow to the Bahamian economy which relies heavily on American tourism and who is still working to recover from Hurricane Dorian.Under the new order, beaches and parks have also been closed and indoor dining, weddings, funerals, religious services, and sporting events have also been banned in Grand Bahama.last_img read more

Fair Haven Asks State to Review Open Records Law

first_imgFAIR HAVEN – The borough is joining other public entities around the state in the coming weeks in a call to reexamine and reform the Open Public Records Act (OPRA), claiming that excessive requests are tying up town hall. The borough council took action by resolution Monday, Nov. 25, encouraging the state Legislature to form a commission of stakeholders to review the demands of OPRA on local governments. The resolution, distributed by the Municipal Clerks’ Association with the support of the League of Municipalities, states that OPRA, as it approaches its 20th anniversary, “has outgrown its original intended use and has become ripe for comprehensive review and reform.” The association distributed 700 sample resolutions to its members to urge support for the initiative about a month ago. To date, Popkin said 200 have been endorsed by local governments around the state. “I’m betting we get 500 of these by Christmas,” he said. Fair Haven received 241 requests in 2019 as of Oct. 31, compared to the 244 received in 2017, and 202 in 2018. Some are more complex than others. The staff has collectively spent about 400 hours responding to OPRA requests this year as of Oct. 31, Fair Haven stated in the resolution. OPRA was established in 2001 to make government records accessible to the public unless permitted otherwise or deemed confidential. “We are as open and as transparent as we can be,” Cinquegrana said. OPRA requests must be responded to within seven days. “We have no problem with the average person coming in, requesting a copy of a budget or ordinance,” said Joel Popkin, executive director of the Municipal Clerks’ Association of NJ. But, he said, businesses are using OPRA to prospect potential customers, and gadflies are using OPRA to demand historical records. Some clerks in small towns can’t keep up. “A couple of weeks ago, someone wanted all the emails from the mayor from last eight years,” Popkin said. Some requests are short and simple; others require the clerk to request a time extension to complete them. Some examples of requests include: information from 1996 to February 2019, such as emails, voicemails, letters, etc.; the histories of ordinances, like copies of the first Land Use Ordinance through current times; multiple requests from the same person for the same information provided numerous times; past and current Land Use applications such as resolutions and exhibits; businesses and solicitors looking for vendor information; requests for borough employees’ email history; media requests for police internal affairs reports or settlements; vendor contracts; and much more. “It’s constant,” Allyson M. Cinquegrana, the municipal clerk in Fair Haven, said of OPRA requests. As the custodian of government records in the borough, she has completed 20 OPRA requests this month alone, as of Nov. 26. Most requests come in electronically through the borough’s website, but some people also make them by fax or in person. Electronic requests are easier to respond to in general, she said. Fair Haven is not the only municipality experiencing an uptick in OPRA requests. In 2018 a public school in Spring Lake considered hiring a part-time assistant solely to handle OPRA requests. The school’s superintendent at the time said the influx of requests was keeping administrators and secretaries from their day-to-day tasks. Salary and property information are among the more popular requests for information, Cinquegrana said. Requests are free of charge unless the information is more than 20 pages. After that, it’s 5 cents per page. If the office sends out plans for an OPRA request, it’s about $1 per sheet. Suggested members of the commission would be mayors, municipal clerks, municipal managers, attorneys, police chiefs, open government advocates, privacy experts, media members, citizens and other stakeholders, the resolution states. Copies of the resolution were sent to Sen. Declan O’Scanlon (R-13); Assemblymembers Amy Handlin (R-13) and Serena DiMaso (R-13); Assembly Speaker Craig Coughlin; Senate President Stephen Sweeney; Sen. Loretta Weinberg, Senate majority leader; the executive director of the Government Records Council; and Gov. Phil Murphy. Sea Bright clerks have seen similar increases over the years as well. According to Christine Pfeiffer, municipal clerk, she has seen a slight increase in OPRA requests over the years. The types of requests “run the gamut,” she said.last_img read more


first_imgThen just a few months later, the 3-year-old champion thrilled both the record multitude at Keeneland Racecourse and the largest Breeders’ Cup television audience in 20 years when he won the Breeders’ Cup Classic by a commanding 6 1/2 lengths. Sports media have dubbed the sum of these four hallmark wins as Thoroughbred racing’s first ever “Grand Slam.”“American Pharoah’s 2015 racing campaign was a true gift to the fans inside and outside the sport who have been waiting so long for their next Triple Crown champion,” said Mrs. Chenery. “In his efforts, we were able to once again witness greatness, and we were reminded that excellence can still be achieved. This racing hero has inspired a whole new generation of young fans, which I find most exciting for the future of the Thoroughbred racing. I congratulate American Pharoah’s team on their amazing year, and I am delighted to present them with the Secretariat Vox Populi Award.”Jockey Victor Espinoza and trainer Bob Baffert guided American Pharoah during his history-making career, with earnings totaling almost $8.7 million and nine wins in 11 starts. American Pharoah has been retired and will stand at Kentucky’s Ashford Stud.“American Pharoah is a horse of a lifetime, and we have been blessed to have bred him. His legacy will be forever lasting in my mind and in my heart and I am so happy that he was able to give a thrill to all of his fans and racing as a whole,” said owner Ahmed Zayat.“His greatness has been defined, his place in history has been secured. The love he has given us has been boundless. We knew he was special from the moment he first stepped onto the track, and we were so fortunate to watch him fulfill his destiny. I thank the racing fans who have been so supportive during this past year and as the recipient of this wonderful award for the second time after my beloved Paynter, it makes it even more special. My team and I are especially honored and deeply moved.”Zayat Stables’ Paynter received the Vox Populi Award in 2012, and American Pharoah joins other previous winners California Chrome (2014), Mucho Macho Man (2013), Rapid Redux (2011) and Zenyatta (inaugural 2010).Mrs. Chenery will present the custom-made Vox Populi trophy to the American Pharaoh team on Jan. 9 at Santa Anita Park. In conjunction with the presentation, a special Vox Populi poster give-away and autograph signing will be offered to the public. For more information about the Secretariat Vox Populi Award, visit, the official website for the legendary Thoroughbred champion. -more-2/2/2/2 FOUND MONEY HEADS O’NEILL TRIO IN SHAM STAKES      Doug O’Neill has three of the nine three-year-olds entered in Saturday’s Grade III Sham Stakes at one mile, the most experienced of which is Found Money, winner of three of seven starts for owners/breeders Paul and Zillah Reddam.A son of Square Eddie, Found Money captured the King Glorious Stakes at one mile Dec. 12 at Los Alamitos.“He’s coming off a nice win at Los Al,” O’Neill said of Found Money. “He tries hard every time and I thought he deserved a chance.”O’Neill also has Semper Fortis, winner of his last two starts, and maiden Sorryaboutnothing entered. The latter runs in blinkers for the first time.The field for the Sham, which goes as race six: Rare Candy, Joe Talamo, 6-1; Dressed in Hermes, Mike Smith, 7-2; Let’s Meet in Rio, Kent Desormeaux, 6-1; Found Money, Mario Gutierrez, 6-1; Semper Fortis, Kieren Fallon, 8-1; Laoban, Tyler Baze, 15-1; I’malreadythere, Rafael Bejarano, 5-1; Sorryaboutnothing, Flavien Prat, 15-1; and Collected, Martin Garcia, 3-1. PUBLIC CAN SUBMIT PIX WITH PHAROAH TO NTRA, XPRESSBETThe National Thoroughbred Racing Association (NTRA) and Xpressbet are asking fans and horsemen to submit personal photos with Triple Crown winner American Pharoah for inclusion in a video montage to be shown at the 45th Annual Eclipse Awards ceremony Jan. 16.Submissions can be made on Twitter by tagging @NTRA or using the hashtag #APandMe; via Facebook by posting an image to the wall of the official NTRA page (; or by e-mail at [email protected] Steven Miyadi933033%67%$72,970 JockeyMts1st2nd3rdWin%ITM%Money Won Patrick Gallagher1031130%50%$206,684 -30- Kristin Mulhall630150%67%$121,700 TrainerSts1st2nd3rdWin%ITM%Money Won SANTA ANITA STATISTICS FINISH LINES: Santa Anita hosts a Burger & Brewfest Saturday. Fans can enjoy their repast while watching Thoroughbred racing at its best on the trackside apron. Visit for package and pricing information . . . Undefeated Breeders’ Cup Juvenile Fillies winner Songbird works five furlongs under Mike Smith before Friday’s first race as she prepares for her three-year-old debut in the Las Virgenes Stakes at one mile on Feb. 6 . . . Trainer Eric Guillot has Grade I Whitney winner Moreno back in training and hopes the son of Ghostzapper can defend his title in the Charles Town Classic in April. “He’s had his issues,” Guillot said. “As soon as he might show he’s off a little bit, I’ll put him back in the van and retire him on the farm with no damage done.” . . . Brad Pegram, who handles business for Mike Smith, also now represents Drayden Van Dyke . . . Retired all-time great Laffit Pincay, Jr., will present the trophy for Saturday’s San Pasqual Stakes. Mike Smith1941221%37%$369,190 AUTHOR GARY WEST HERE SATURDAY TO SIGN ‘RIDE TO WIN . . . ‘            Award-winning turf writer Gary West will be on hand Saturday in the East Paddock Gardens at 10:30 a.m. to sign copies of his newest book, “Ride To Win, An Inside Look at the Jockey’s Craft.” A New Orleans native and the son of a jockey-turned trainer, West and co-author Bob Fortus have a combined 50-plus years covering Thoroughbred racing and the pair interviewed over 100 jockeys, trainers, owners, stewards and jockey agents in preparing the book, which was published by those interviewed over a three year period were Hall of Fame jockeys such as Jerry Bailey, Calvin Borel, Pat Day, Eddie Delahoussaye, Chris McCarron, Mike Smith and Gary Stevens.“Jockeys are probably the most misunderstood and least appreciated workers at the racetrack,” said West. “Even serious fans have no idea what’s necessary to ride a racehorse or what’s going on out there on the track. The sport and the few turf writers who actually understand the game need to do a better job of explaining its complexities, and maybe this book is a step in that direction.”Fortus, a longtime turf writer for the New Orleans Times-Picayune newspaper, derived his idea for the book by listening to hard-core handicappers engaging in incessant banter while watching races at Fair Grounds Race Course in New Orleans.“Just listening to the ‘jockey-ologists,’ it always struck me how little people know (about) what’s really going on in a race,” Fortus said. “These are world class athletes, and they have to make decisions while they’re on a horse (that’s) running. “It’s fluid, all on the fly. It’s pretty amazing. There’s a lot more to it than meets the eye.”Bailey, who retired in 2006 while regarded as one of the game’s best prepared and all-time great game-day tacticians, is quoted extensively in “Ride To Win . . . ”“Yes, I watched video, hours of video,” he told West and Fortus. “I read the Racing Form like it was my bible.”West will be accompanied at the signing by retired Hall of Fame great, Laffit Pincay, Jr., and top rider Joe Talamo. Copies of “Ride to Win, An Inside Look at the Jockey’s Craft,” will be available for sale as well. (Pincay will also present the trophy for Saturday’s Grade II San Pasqual Stakes.) Richard Baltas1251142%58%$289,180 Rafael Bejarano3697325%53%$489,000center_img CHROME READY FOR SAN PASQUAL, RAIN OR SHINEO’NEILL HAS THREE FOR THE MONEY IN SHAM STAKESSONGBIRD TO WORK BEFORE FRIDAY’S FIRST RACEAUTHOR WEST TO SIGN ‘RIDE TO WIN . . . ‘ ON SATURDAY (Current Through Sunday, Jan. 3) David Lopez1831617%56%$120,620 Peter Miller2241118%27%$121,730 -more-3/3/3/3 ‘PHAROAH’ TO RECEIVE VOX POPULI AWARDTriple Crown champion American Pharoah, the first ever winner of Thoroughbred racing’s “Grand Slam” with his win at the Breeders’ Cup Classic, has been selected to receive the 2015 Secretariat Vox Populi, or “Voice of the People,” Award. The award recognizes the horse whose popularity and racing excellence best resounded with the American public and gained recognition for Thoroughbred racing.American Pharoah was the clear favorite among the voters in the Vox Populi online poll recording the largest margin of victory in the award’s existence. The Zayat Stables colt was one of a select group of nominees submitted by the Vox Populi Committee and Mrs. Penny Chenery, owner of beloved Triple Crown champion Secretariat in whose name she established the award in 2010. In the honor’s true spirit of celebrating fan favorites, several other popular horses received a groundswell of write-in support, including the former Vox Populi nominee and recently departed champion Shared Belief.American Pharoah’s victorious Triple Crown campaign was the first in 37 years and added his name to an elite list of only 11 other horses in history to win the Kentucky Derby, the Preakness and the Belmont Stakes. Flavien Prat2331313%30%$159,302 The deadline to submit is Jan. 12. Only JPG files will be accepted at the e-mail address.“American Pharoah has served as racing’s greatest ambassador in the past year, posing for photos with thousands of visitors,” said Keith Chamblin, NTRA Chief Operating Officer and Senior Executive Producer of the Eclipse Awards. “This Eclipse Awards ceremony will be a celebration not only of the Triple Crown winner’s historic feats on the track but also of his immense popularity and influence beyond racing. With everyone’s participation the NTRA and Xpressbet hope to demonstrate the special connection American Pharoah had with the public in a very personal way.”The Eclipse Awards dinner and ceremony will be held for the fourth straight year at Gulfstream Park Racing & Casino in Hallandale Beach, Fla. The Eclipse Awards are presented by Daily Racing Form, Breeders’ Cup and The Stronach Group and produced by the NTRA. Gary Stevens1431021%29%$358,270 CALIFORNIA CHROME AWAITS SATURDAY’S SAN PASQUAL            California Chrome is at the ready for his first race in nine months Saturday despite El Nino’s futile effort to turn racing into El Nono.“We’ve had five and two-tenths inches of rain since the early part of the week,” said Santa Anita Track Superintendent Dennis Moore Thursday morning, as rain stopped and the sun broke through, illuminating snow on the apex of the San Gabriel Mountains, creating a picture-postcard setting. “The track was sealed after the last race Sunday.”Still, the main track has not been open for workouts for four days, from Monday through Thursday morning.California Chrome, meanwhile, got in his final major breeze for Saturday’s Grade II San Pasqual Stakes prior to last Saturday’s first race, going six furlongs under regular rider Victor Espinoza in a snappy and stylish 1:10.04.“We got a good draw and I don’t think the track will be a problem,” said trainer Art Sherman, who has never run California Chrome on an off track. Save for a lone start and subsequent victory on grass in the Grade I Hollywood Derby Nov. 29, 2014, California Chrome’s other 17 career races have been on conventional dirt or synthetic surfaces.“So far,” Sherman said, “everything is good.”The field for the San Pasqual, race eight of nine: Alfa Bird, Tyler Baze, 20-1; Blingo, Alex Solis, 20-1; Point Piper, Rafael Bejarano, 10-1; California Chrome, Victor Espinoza, 4-5; Hoppertunity, Martin Garcia, 5-2; Hard Aces, Joe Talamo, 8-1; Mystery Train, Mike Smith, 30-1; and Imperative, Mario Gutierrez, 6-1.Richard Baltas, atop the trainer standings with five wins from 12 runners through seven racing days, said Imperative “probably won’t run” because of a sore foot, “but if he’s good by race day, I’ll run him.”Trainer Victor Garcia expects longshot Alfa Bird to be close to or on the lead from his rail post position.“Whether we’re in front depends on California Chrome,” Garcia said. “I think he’s going to be fresh coming off a long layoff, but I think we’ll go to the lead behind California Chrome. It all depends on how the track plays, too.” Santiago Gonzalez41107324%49%$396,140 Karen Headley430075%75%$127,450 Edwin Maldonado2331113%22%$77,880 Joseph Talamo2745215%41%$232,540last_img read more

Calzada a bundle of energy

first_imgLike diving after balls no matter who else wants them or how hard the floor is. After Saturday’s victory, she talked of having a high tolerance for pain and the collisions that cause it. She explained she only knows one way to play. “I see my role as to pump my teammates up,” she said. “My energy is the only thing that gets me in there. “I’m not a great shooter, I never check my points. I’m not out there to finish the play, to make the shot. I just go out there with a tough attitude.” Calzada began the season as a starter. Midway through the schedule, she suffered a fractured nose in a collision with an opponent going for a loose ball. By the time she was healthy again, Kristen Schaefer was solidly entrenched in her spot in the lineup and gave the Heralds a front line that averages 6-0. Calzada’s response to being relegated to the bench typically was team-oriented. “Kristen has been playing so well,” she said. “It really wasn’t a big deal.” That never was more evident than Saturday morning. [email protected] (562) 698-0955, Ext. 3046 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! LONG BEACH – Watching Annelise Calzada come onto the basketball court whirring and wheeling and dealing like a Tazmanian devil, it is difficult to envision her sitting quietly on the bench. Or maybe it’s just the calm before the storm. As Whittier Christian High School struggled to get its offense untracked in the first half of Saturday’s CIF-Southern Section Division V-AA girls basketball championship game, it was Calzada’s energized performance that helped ignite the Heralds in the second half en route to beating Village Christian, 40-28, and winning the team’s first CIF title. She made all five of her shot attempts, most of them from close in, and eight of her 10 points came in the second half. center_img But her real contributions don’t necessarily show up on the statistics sheet. It was her attitude that lit the fires that produced triumph. Like jumping in front of Jessie Allen and causing her to switching from shooting to passing off – in mid-air. Like coming out of nowhere when the only two players going for a loose ball or rebound were Crusaders, and crashing into the party to steal possession or at least get a piece of it to cause a jump ball. Like leading the transition game or making a slick pass and getting the ball back for an easy layup. Like doing her share on defense, whether it was harassing the player she was guarding or quickly picking up someone who’s loose with the ball. last_img read more

Focus on Denver: New-look Broncos a bit of a mystery for Raiders

first_imgThe Broncos have a new head coach, a new quarterback and new offensive and defensive coordinators, which means a lot of new questions for the Raiders, who’ll take on Denver in the season opener Monday night.This could be a make-or-break season for Broncos president John Elway, who has come under fire for a series of missteps over the past couple of seasons.Here’s a closer look at Oakland’s Week 1 game:Game essentials: Raiders vs. Broncos at Coliseum, Monday, 7:20 p.m. (PT) on ESPN. Odds: …last_img read more

“Lego – einer ist zuviel” GC13Y2Y GEOCACHE OF THE WEEK February 14, 2011

first_img“Lego – einer ist zuviel” GC13Y2Y“But something’s rotten in the giraffe from Denmark … ” that’s how the cache description for the German geocache with the most Favorite Points ends.“Lego – einer ist zuviel” (Lego – one too many) GC13Y2Y is a difficulty 2.5, terrain one micro cache. The cache is hidden at the entrance to the Legoland Discovery Center in the heart of Berlin.The geocache was placed by riechkolben & geometer42 in June of 2007. More than 2800 geocachers have since logged a “Found it” for the micro.But it’s not an easy cache find. Almost 250 geocachers logged a DNF (Did Not Find) so far. The hunt requires a level of stealth. The bustling Berlin sidewalk is often crowded with muggles.“Lego – einer ist zuviel” has earned 350 Favorite points. The cache holds the lead as the the most popular geocache in Germany by just two points. There are four geocaches with 300 or more Favorite Points in Germany.  Geocaching Favorites is a new feature on mico cache from “Lego – einer ist zuvielContinue your exploration of some of the most engaging geocaches from around the world. Explore all the Geocaches of the Week on our blog or view the Bookmark List on with your Friends:More SharePrint RelatedThe top ten geocaches added to ListsSeptember 24, 2019In “Community””First Germany” GC77 GEOCACHE OF THE WEEK – April 4, 2011April 4, 2011In “Community”Cache ‘o Mat (GC1A11C) – GEOCACHE OF THE WEEK – January 24, 2013January 21, 2013In “Community”last_img read more

10 months agoWolves confident deal for Chelsea striker Abraham will get all-clear

first_imgWolves confident deal for Chelsea striker Abraham will get all-clearby Paul Vegas10 months agoSend to a friendShare the loveWolves are confident their deal for Chelsea striker Tammy Abraham is on.The Mirror says Wolves have made the England striker a prime January target and are keen on taking the 21-year-old from Stamford Bridge in a potential £18million deal.Abraham has starred for Aston Villa on loan in the Championship this season, scoring 16 goals in 20 games.Wolves officials have been working to ascertain whether Abraham would be eligible to play for the club this season, having already featured for both Villa and Chelsea. He also featured in a Premier League 2 match against Derby County, leading to questions over his eligibility.But Wolves can cite precedent, such as Liam Walsh, who played for Birmingham City, Bristol City and Everton’s U-23 side last season, but whose switch to the Robins was allowed by the FA – without help from FIFA. TagsTransfersLoan MarketAbout the authorPaul VegasShare the loveHave your saylast_img read more

BIMCO Around 40 Boxship Giants Set for Delivery in 2018

first_imgzoom The container shipping industry will be focussed on the deployment of ultra large container vessels (ULCV) during the year as around 40 of such ships are expected to join the fleet in 2018, according to BIMCO.53 ships larger than 13,500 TEU are scheduled for delivery, however, the number is expected to be slighty less as some owners might opt to push deliveries of their ships. In 2017, 55 ships of the same size were scheduled for delivery, but only 43 were handed over.During 2017, owners and investors were busy in the second-hand market. The year was in fact the busiest on record as 297 ships changed hands, valued at USD 4,178 million, BIMCO cited data from VesselsValue. Panamax ships were in demand, more due to price than anything else, with 93 ships changing hands in total.Purchasing prices were equal to the demolition values of many of the ships, meaning there was little downside risk from the purchase. Since mid-2017 both demolition prices and second-hand values have gone up.A 2009-built, 4,275 TEU panamax ship was valued at USD 13.7 million in July 2016, USD 5.6 million in January 2017 and USD 10.9 million in January 2018. At the same time, the demolition value of the same ship was USD 4.6 million, USD 5.6 million and USD 8.1 million. Meaning that deals done at January 2017 prices were equal to demolition values.Regarding the overall demand in the container shipping industry, BIMCO said it wxpects the demand to be lower than in 2017, but still high enough to potentially improve the fundamental market balance.Demand is forecast to grow by 4.0-4.5% against a fleet growth of 3.9% in 2018.last_img read more