Press Release, September 17, 2014 zoom Pacific ArcadiaNagasaki Shipyard & Machinery Works of Mitsubishi Heavy Industries Ltd. organised a naming ceremony for a new LNG vessel ordered by Nippon Yusen Kabushiki Kaisha (NYK).Toshihiro Sano, executive vice president of Tokyo Electric Power Company (TEPCO), named the ship Pacific Arcadia, and his wife cut the ceremonial rope holding the vessel in place.“Arcadia” means “paradise, utopia,” and conjures the tropical image of Papua New Guinea, from where the LNG will originate, the company says in a release. Moreover, the country’s national bird is the bird of paradise.After delivery, Pacific Arcadia will be assigned to transport LNG for TEPCO from Papua New Guinea for 15 years under the operational management of LNG Marine Transport Ltd.
OTTAWA — The Canadian Real Estate Association has downgraded its sales forecast for the year. It now expects sales to fall 5.3 per cent year-over-year, with 506,900 properties changing hands, or 20,000 fewer than previously forecast in June. It projects sales in British Columbia and Ontario to fall by about 10 per cent in 2017, compared to record highs set in 2016. August home sales were down 9.9 per cent, year-over-year.More coming