Work gets under way on 60 bed Univeristy Hospital Limerick unit

first_imgNewsHealthWork gets under way on 60 bed Univeristy Hospital Limerick unitBy Bernie English – April 3, 2019 989 University Hospital LimerickWORK has begun on the new 60-bed unit for University Hospital Limerick.A €2 million funding boost ahead of the publication of the capital funding plan has allowed hospital management to start groundworks in preparation for the main task of building the unit.Sign up for the weekly Limerick Post newsletter Sign Up The 60-bed unit is intended to take some of the pressure off finding beds for patients admitted through the busy emergency department.The works were started in a week when there were more than 70 people on trolleys in the emergency department on one day waiting for beds.No timeline has been set for the completion of the unit as the main body of the €19.5 million funding has yet to be officially confirmed although local politicians have said publicly that it will be part of the capital plan.It’s understood that the build will take up to a year, all going well and after that, the hospital will need to hire nursing and support staff and fit out the unit.A statement on behalf of the UL Hospitals Group said that a timeline for overall project completion could not be set until funding is approved for the main modular build contract itself.“Commencement of the enabling works is a significant milestone. It is accepted by all stakeholders that there is an imbalance in acute hospital bed capacity around the country. Delivery of the 60-bed inpatient block at UHL will begin to help us address our capacity issues in the MidWest,” the statement added. Updated statement on service disruptions UL Hospitals Group Previous articleListen: Virgin Phoenix rises from the Krups ashes in LimerickNext articleNew 33 space car park opened in Adare Bernie Englishhttp://www.limerickpost.ieBernie English has been working as a journalist in national and local media for more than thirty years. She worked as a staff journalist with the Irish Press and Evening Press before moving to Clare. She has worked as a freelance for all of the national newspaper titles and a staff journalist in Limerick, helping to launch the Limerick edition of The Evening Echo. Bernie was involved in the launch of The Clare People where she was responsible for business and industry news. Advertisement RELATED ARTICLESMORE FROM AUTHOR TAGShealthLimerick City and CountyNewsuniversity hospital limerick 53 patients waiting for beds at UHL Print WhatsAppcenter_img Linkedin Limerick Post Show | Careers & Health Sciences Event for TY Students Email Facebook Twitter 64 patients waiting for beds in UHL Numbers of Limerick hospital group staff sidelined by COVID-19 reduces by 162 in past 7 days Management at most overcrowded and most COVID-hit hospital apologise to patients ‘waiting over 100 hours’ for a bedlast_img read more

SFL Wants More Exposure in Tanker Market, Finalizing Financing for Boxship Acquisitions

first_imgBermuda-based ship owner Ship Finance International Limited (SF) would like to increase its exposure in the tanker segment and is looking into acquisition opportunities.Since April this year, the company acquired a total of 22 ships, adding more to USD 800 million to the charter backlog. Majority of deals were done in the containership sector. In May the company took delivery of its second 19,200 TEU containership and acquired three more 14,000 TEU boxships. The purchase of three additional 10,600 TEU vessels, with long term time charters to Maersk Line, followed in August.Ship Finance has partially financed the three recently acquired 10,600 TEU container vessels with a USD 200 million intermediary bank financing.“We are in the process of arranging long-term financing of the vessels at very attractive terms, which is expected to close in the fourth quarter,” Herald Gurvin, SFL’s Chief Financial Officer, said.“We’ve done most of deals this year in the containership space. But we have certainly looked at a lot of opportunities in other sectors too. And it’s, of course, a long term objective to balance the segments, by doing it deal by deal and doing the right deals,” Ole Hjertaker, CEO of Ship Finance Management AS, said in an earnings conference call.However, the company continues to see opportunities in the liner segment as illustrated by the recent acquisitions.Hjertaker added that the company would like to do deals in the tanker space, especially now that the tanker market is in the recovery mode. One of the potentially attractive segments is LNG.“If there’s one segment that you can say you’re missing from our portfolio maybe it’s LNG simply because that’s the segment where you see long-term charters to solid counterparties and we haven’t got anything in the portfolio,” Hjertaker added.SFL’s CEO explained that 45 percent of the company’s backlog is now in the liner segment, up from around 25 pct at year-end 2017, comprising 43 containerships and two car carriers. The tanker segment has been reduced from nearly 20 pct to around 8 pct and offshore segment also came down from more than 40 pct at the end of 2017 to 34 pct at the end of the third quarter.“Ship Finance has invested nearly USD 900 million so far in 2018, far outweighing the divestment of older assets. And of a fleet totaling 84 vessels and rigs, only one vessel will soon remain from the initial fleet in 2004. This demonstrates our ability to continuously renew, diversify and increase our portfolio of assets and charters, supporting a long term distribution capacity,” Hjertaker added.The company reported an operating revenue of USD 111 million and net income of USD 30 million in the third quarter of the year.World Maritime News Stafflast_img read more