Braemar Offloads Its US Subsidiary

first_imgbraemarplc, March 20, 2014 zoom Braemar Shipping Services, an international provider of shipping, marine and energy services, today revealed the sale of the sale of Casbarian Inc., its US based technical services subsidiary.Following the recent performance of Casbarian, Braemar undertook a review of its operations and concluded that the strategic fit with the Braemar Technical Services division was not sufficiently strong to justify future investment. Accordingly the decision was taken to exit the business.James Kidwell, chief executive officer of Braemar, commenting on this development said: “The Board has acted quickly and decisively to dispose of the Casbarian operations in the US, which were responsible for the expected underperformance highlighted in our interim management statement of 17 January 2014.”last_img read more

UN envoy deplores attacks against national security forces in Côte dIvoire

Two people were injured in the first attack, which was against a post of the Forces républicaines de Côte d‘Ivoire (FRCI) in Agbaou, east of Abidjan, according to a news release issued by the UN Operation in Côte d’Ivoire (UNOCI).In the second attack, which targeted the Gendarmerie Brigade in Yopougon, an area in north Abidjan, one prisoner died, the offices of the Brigade were destroyed and several vehicles burnt.The Secretary-General’s Special Representative and head of UNOCI, Bert Koenders, deplored the attacks and stated that they will not deter the willingness of Ivorians to advance the national reconciliation process. The attacks were carried out at a time when “the political situation was becoming more hopeful and less tense following an announcement about the imminent release on bail of eight officials of the former regime, who had been arrested and detained after the Ivorian post-electoral crisis,” UNOCI noted. The peacekeeping mission added that it dispatched reinforcements to support the Ivorian security forces as soon as it was informed of the attacks, and increased its patrols in the affected areas. In addition, UNOCI medical teams helped to evacuate injured FRCI soldiers to Abidjan.UNOCI was established in 2004 by the Security Council to facilitate the peace process in the West African nation, which was split by civil war in 2002 into a rebel-held north and Government-controlled south.In the aftermath of the post-election violence that followed the 2010 presidential polls, the peacekeeping mission is assisting the country with a number of key tasks, including the restoration of law and order, national reconciliation, the holding of legislative elections, and economic recovery. read more