The lesser known names aced test after test during Wednesday’s PBA Draft combine, but the spotlight was mostly on the three rookies expected to crowd the early picks: many-time Gilas Pilipinas member Ray Parks Jr., Lyceum star CJ Perez and San Beda standout Robert Bolick.Bong Ramos, whose Blackwater picks second in the Draft on Sunday and will have a shot at picking one of the three players, was all praises for Parks, but he isn’t taking his eyes off the two NCAA products either.ADVERTISEMENT LATEST STORIES Private companies step in to help SEA Games hosting ‘Suzuki Cup experience will make Azkals better’ LOOK: Joyce Pring goes public with engagement to Juancho Triviño Among those who topped the anthropometry tests were John Ragasa of Victoria Sports, who topped the shuttle run in 21.97 seconds and Joe Trinidad of FEU who ran the 3/4 court sprint in 3.25 seconds.Faundo logged the highest vertical leap with 33.29 inches, while Ateneo forward Dan Wong logged a jump height of 39.19 inches.Mapua guard CJ Isit recorded the fastest time in lane agility (11.2 seconds) and had an 84-percent result in the reaction test.Sports Related Videospowered by AdSparcRead Next View comments Is Luis Manzano planning to propose to Jessy Mendiola? Lacson: 2019 budget delay due to P75-B House ‘insertion’ Don’t miss out on the latest news and information. Hotel management clarifies SEAG footballers’ kikiam breakfast issue PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss TS Kammuri to enter PAR possibly a day after SEA Games opening “He’s a veteran,” said the Blackwater coach. “He has been playing as a professional. He’s had multiple stints (in different leagues) prior to Alab, too.”Parks had long deferred his entry to the PBA, putting him in a class that includes Bolick and Perez, who have dueled for the NCAA crown for the last two years.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSSEA Games: Biñan football stadium stands out in preparedness, completionSPORTSUrgent reply from Philippine football chief“Robert has been a proven winner. He’s helped San Beda win multiple championships,” said Ramos. “CJ is very versatile as well.”Those outside of the top three picks, meanwhile, will look to fill an immediate need in their rosters. SEA Games: Biñan football stadium stands out in preparedness, completion MOST READ SEA Games: Biñan football stadium stands out in preparedness, completion “We’re looking for a really stable, reliable, legitimate point guard,” noted Louie Alas, whose Phoenix squad will pick twice in the first round (4th and 12th).Columbian will pick first during the Draft, which has in its pool the likes of Javee Mocon of San Beda, JP Calvo and Bong Quinto of Letran, Michael Calisaan of San Sebastian, Rob Manalang of Adamson, Adrian Wong of Ateneo, Abu Tratter of La Salle, Paul Desiderio of UP, Jayjay Alejandro and Matt Salem of NU, Ron Dennison of FEU, and Jeepy Faundo of UST.Trevis Jackson, a Filipino-American out of Sacramento State, is looking to join the fray.NorthPort will make the third selection in event slated at Robinsons Manila. Meralco rounds out the top five.“I’m excited to see where I’m going, excited to see which teams want me and excited to play at this level,” said Parks, who has logged tours of duty with the national team, in the NBA D-League, and in the Asean Basketball League.ADVERTISEMENT
zoom Marine fuel logistics company Aegean Marine Petroleum Network has decided to exit the Singapore market as a physical supplier as of January 2018, after almost 11 years, amid pressure from competition.However, the company said that it would keep a trading presence in the Singapore market by continuing to employ a team of traders and support staff who will support its clients in the market.The company would use its office in Singapore as a base of Asian customers for its global physical supply network as well as handling back-to-back bunker trading and lubricants business in Singapore and South-East Asia. “The bunkering market in general, and the Singapore market in particular, are extremely competitive. We had hoped that enforcement of mandatory mass flow meter (MFM)-equipped bunker barging in January would have driven commercial improvement in the Singapore market allowing Aegean to compete profitably. “However, 2017 has seen heightened commercial pressures in Singapore, and as a result, management has determined that Aegean’s resources can be more profitably deployed elsewhere,” Aegean’s President Jonathan McIlroy commented.The marine fuels provider said that it was in the process of arranging its withdrawal from the physical supply market in Singapore in conjunction with the Maritime and Port Authority of Singapore (MPA) and its barging and cargo partners in the market.“All deliveries and contracts that we have booked with clients’ vessels, cargo providers and barge contractors will be fulfilled,” McIlroy emphasized.Aegean is working on the development of new physical supply stations, expected to debut over the course of 2018, in addition to its most recent expansions in Algoa Bay (South Africa) in 2016, and Savannah (U.S.) and St Croix (U.S. Virgin Islands) in 2017.
zoomIllustration. Image Courtesy: Pixabay under CC0 Creative Commons license Financially vulnerable carriers could be pushed into M&A by the extra costs associated with the new low-sulphur fuel law, according to shipping consultancy Drewry.Although the rising demand and freight rates in the final quarter of 2018 helped the container shipping industry to return a profit of around USD 1.5 billion, the industry still hasn’t fully recovered from the global financial crash and the devastating losses incurred thereafter.As the deadline for the IMO 2020 mandate draws nearer carriers are inevitably getting jittery about its overall impact, Drewry said. Worries arise whether the carriers are in a position to deal with a myriad of extra associated costs, such as unrecoverable BAFs, capex costs to install scrubbers and extra funding requirement for bunker credit, among others.“Without wanting to be too alarmist, there is the potential for IMO 2020 to inspire another major carrier bankruptcy and/or trigger more defensive M&A. It could turn out that the IMO will inadvertently push industry consolidation along, closer to where it needs to be in order to achieve sustainable profitability,” Drewry said.The last round of M&A that started with the merger of Chinese carriers Cosco and CSCL in 2016 and concluded with the integration of the Japanese carriers NYK, MOL and K Line into the Ocean Network Express (ONE) in the first quarter of 2018, made some headway in the consolidation process to the extent that the leading seven carriers now control approximately three-quarters of the world’s containership fleet.However, while previous M&A has handed near-full control of the global market to a handful of lines, there is still varying degrees of competition at a trade-route level.“Even if IMO 2020 does spur another round of industry consolidation, the chances are that there will still be enough carriers left to prevent the big trades from being highly concentrated. It will require a couple of highly unlikely mega M&As to really move the dial,” Drewry concluded.