The Ingleside Pipeline is a 38.6km oil pipeline that will originate from the Harvest Midway Terminal and will connect to multiple oil export terminals in the Ingleside city Image: Harvest Midstream commenced construction on New Ingleside Pipeline and Harvest Midway Terminal in US. Photo: courtesy of StockSnap from Pixabay. US-based midstream services provider Harvest Midstream company, a subsidiary of Hilcorp Energy Company has started the construction of the Ingleside Pipeline and the Harvest Midway Terminal in Ingleside city, Texas.The Ingleside Pipeline is a 38.6km, 24inch new oil pipeline that will start from the Harvest Midway Terminal and will be connected to multiple oil export terminals in the Ingleside city as well as multiple terminals in the Midway and Taft area.The new pipeline will also connect to Flint Hills Resources Ingleside Terminal and the South Texas Gateway Terminal which are being developed by Buckeye Partners.The final capacity of the Ingleside Pipeline will be 600,000 barrels per day (bpd), with up to 380,000 bpd coming from the existing Harvest Eagle Ford Pipeline Systems.Harvest Midstream Company CEO Jason Rebrook said: “Harvest has a strong history of expanding and improving our infrastructure to ensure access to safe and reliable transportation for our customers.“This investment is an exciting opportunity for growth that will allow us to better serve our Eagle Ford customers in the Corpus Christi and Ingleside markets.”Harvest Midway Terminal will have 10 million barrels storage capacityCovering an area of 160 acres, the Harvest Midway Terminal is planned to have a storage capacity of more than 10 million barrels.Initially, the terminal will include 200,000 crude oil storage barrels, as well as 25,000 barrels per hour measurement and pumping infrastructure capable.Harvest Midstream Company president Sean Kolassa said: “The Harvest Midway Terminal is a great addition to our existing infrastructure in the Eagle Ford, providing additional storage, connectivity, and points of delivery for our customers.“We look forward to providing the best service to our customers as we continue to expand our operations.”The Ingleside Pipeline is expected to be operational at the end of the first quarter of 2020 while the Harvest Midway Terminal is expected to begin service at the beginning of the fourth quarter of 2020.
The Queen’s Speech today contained a promise to introduce a letting fees ban for both agents and landlords and “promote fairness and transparency in the housing market”.But in a surprise move, the government also revealed that it is to cap deposits at one week’s rent, rather than the six weeks’ rent that is most common within the sector at the moment.But the measures announced in the Queen’s Speech have been criticised by ARLA Propertymark, which describes them as “disappointing”.“It’s unlikely the Government had enough time to analyse all of the responses from the consultation, as it only closed 12 working days ago, on the 2nd June,” says David Cox, its Chief Executive (pictured, left).“It appears they had already made their decision and therefore the consultation was no more than a ‘tick box’ exercise and they haven’t appropriately taken the industry’s views into account.“A ban on letting agent fees will cost the sector jobs, make buy-to-let investment even less attractive, and ultimately result in the costs being passed on to tenants.”David also believes that, given the amount of work letting agents put into preparing tenancies and managing properties, it is “only right and proportionate that the industry is recompensed for this work, which benefits tenants”, he says.4,000 jobsResearch by ARLA also reveals how hight the stakes are for letting agents. It says that the fees ban is likely to see the industry lose £200m in turnover and 4,000 jobs, while landlords are likely to lose £300 million in lost revenue.“On average, rent costs will go up by £103 per tenant, per year, ultimately meaning tenants who move more frequently will reap savings on their overall costs but longer-term tenants, who are usually lower income families, will see a loss as their rents rise year-on-year,” says David.“The ban contradicts the Government’s stated aim to encourage longer term tenancies, as tenants who stay in their homes for the long-term will end up shouldering the costs of those who move more frequently.”Detriment of tenantsBut some industry view the ban as an output of over-charging by some letting agents in the past. Lucy Morton (pictured, right) a former president of ARLA, says that fees charged by agents in the past should have been “only to cover reasonable administration and referencing costs” and not, as some agents have done, as “for their gain and to the detriment of tenants”.“So the government has now acted and banned letting agents from making these charges,” she says.Political gestureRichard Lambert, CEO of the National Landlords Association (pictured, left), says: “The decision to cap tenancy deposits at no more than one month’s rent smacks of a political gesture from a government desperate to court the voters who supported their opponents at the last general election.“We estimate that around 40 per cent of deposits exceed one month’s rent. Whilst capping them may reduce the move-in costs for some, it will increase the temptation for others to view the deposit as the last month’s rent, leaving landlords out of pocket at the end of the tenancy if, for example, the property has been damaged.“Some landlords use a higher deposit to give them the extra confidence they need when letting to higher risk tenants, so this could also have the unintended consequence of deterring them from offering their property to those likely to be struggling with affordability in the first place”.Rents may rise“The volume of buy to let mortgage approvals has halved since the stamp duty changes last March,” says Anthony Codling, an equity analyst and City investment firm Jefferies.“It appears that many landlords financial returns were finely balanced. There is a risk, therefore, that the supply of rental properties constricts if those landlords close to the edge of solvency are pushed over the edge (or pushed too close to the edge for comfort) by the additional costs of supplying rental properties to the market and seek to exit the market. If supply falls, it is likely that rents may rise.”Market in limbo“A Draft Bill serves neither tenants nor landlords, and leaves the market in a state of unhelpful limbo,” says Alan Ward, Chairman of the Residential Landlords Association.“Rather than proceeding with draft plans that will be eclipsed by battles over Brexit, Ministers could instead use powers they already have to introduce a fixed menu of fees which letting agents would have to publish. This would enable tenants to immediately understand fee structures, and enable them to more easily shop around.” Lucy Morton Richard Lambert David Cox ARLA June 21, 2017Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Fees ban consultation was just “tick box exercise” says ARLA previous nextRegulation & LawFees ban consultation was just “tick box exercise” says ARLADisappointed David Cox says Queen’s Speech proves government hasn’t listened to industry as capped deposits are revealed.21st June 201702,075 Views
Home » News » Marketing » OnTheMarket flotation to go ahead, raising £30m previous nextMarketingOnTheMarket flotation to go ahead, raising £30mPortal reveals its AIM share issue after launching in 2015 and follows battles over demutualisation and court case with Gascoigne Halman.Nigel Lewis26th January 201801,663 Views OnTheMarket has finally revealed its flotation which will raise £30 million of the £50 million it has hoped to receive from the City, three years after it first launched.The 18.2 million shares it is to issue via its public offering are priced at £1.65p each and will start trading on AIM stock market on February 9th, valuing the newly-created OnTheMarket plc at £100 million.Up to £25 million of the cash raised from the share issue will finance a marketing battle with ZPG and Rightmove, while the rest will be spent on an enlarged agent sales team and improvement to its IT systems.The share issue reveals that although the “quality investors” it refers to in his comments about the public offering have been willing to invest in the portal, its initial hopes of raising more money have not been possible.Agents who list on OnTheMarket, based on their branch size and how long they have listed with the portal, were given equity in the company in return for giving up their membership in the original mutual organisation.CEO Ian Springett says: We believe that the new capital, together with our ongoing revenues, will support our strategy to build a strong agent-backed challenger to the incumbent portals.“We intend rapidly to extend our customer base of estate and lettings agents, remaining committed to our core principles of offering sustainably fair prices for property advertisers and creating a premier search service for the most active property-seekers.“The IPO will enable us to implement our marketing plans to build brand awareness and portal usage as well as to invest to scale up the supporting organisation and infrastructure to the benefit of consumers, agents and investors,” Springett added. January 26, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021
Home » News » Housing Market » Rent reductions increasing as tenants negotiate harder, says ARLA previous nextHousing MarketRent reductions increasing as tenants negotiate harder, says ARLABut Chief Executive David Cox warns that trend will be reversed as landlords pass extra costs on to tenants after fees ban next year .Nigel Lewis29th November 20180844 Views The number of private rented sector tenants negotiating rent reductions has jumped to the highest since records began, it has been revealed, driven by an increase in stock levels during the run up to the festive break.The Association of Residential Letting Agents, which conducted the research via canvassing firm Opinium, says 3.7% of tenants negotiated a rent reduction last month, up from 2% during September.This is the highest ratio recorded since ARLA began collecting rental supply and demand data in 2015.Landlord increasesThe number of landlords increasing rents has reduced, too. In August ARLA says 40% of its member agents reported landlords hiking rents, a figure which has now dropped to 24%.This appears to be driven by an increase in rental stock. ARLA says the average number of properties available per agent has increased year on year by 9% and stood at 198 properties last month.Demand is also not keeping up with supply. ARLA says that on average the number of tenants chasing these 198 properties is 71, up from 63 in September.But ARLA’s Chief Executive David Cox (left) says these rent reductions are likely to be seasonal and that rents will ‘creep back up’ in the New Year.“There’s no real way of avoiding it unfortunately – with landlords facing continued regulatory change, increasing costs will be passed on to tenants,” he says.“Those who don’t pass the costs on will eventually have to exit the market, which will increase competition and boost prices. It’s the ultimate ‘lose, lose’ situation.” ARLA rent reduction rent reductions David Cox November 29, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021
Home » News » COVID-19 news » ‘Why we signed lease for a 10,000 sq ft new branch in middle of pandemic’ previous nextAgencies & People‘Why we signed lease for a 10,000 sq ft new branch in middle of pandemic’Exclusive: Cardiff firm Jeffrey Ross tells The Negotiator it may be a risky move but it’s part of a long-term plan to expand the 13-year-old business.Nigel Lewis30th April 202003,398 Views As most estate agencies hunker down during the Coronavirus lockdown, one company in Wales has taken the brave decision to lease a 10,000 sq ft new headquarters.Sales and lettings agency Jeffrey Ross, which has was established in 2007, has 56 staff and four branches across the Welsh capital.Earlier this week its boss Ross Hooper Nash (pictured) picked up the keys to the property, which was until recently occupied by international accountancy firm Grant Thornton.The building is also a first in the UK – once it has been refurbished the office will be the first purpose-built Covid-compliant facility in the property industry with facilities to enable staff to interact with each other and clients safely.The new office is nevertheless described by Nash as a ‘risky decision’ given the current economic climate, but part of strategy to expand and take more market share as the number of local agents thins, including the recent purchase of local property firm Seel & Co.“People said I was mad to start an agency in 2007 during the financial crisis and it’s a bit like that now with this new office – first the tenant fees ban and now Coronavirus,” says Nash.“But these challenges haven’t dimmed our vision, which is to have one large office where our sales, lettings, block management, valuation, insurance, auction, architectural and surveying teams can work together as a multi-disciplinary team. But we’ll be keeping all our existing Jeffrey Ross branches.”The new Pontcanna office will eventually have room for 150 staff, a gym, plus a co-working space and a café for the local community.Ross Hooper-Nash Seel & Co Jeffrey Ross April 30, 2020Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021
Home » News » RoPA: Latest update revealed by NAEA chief during webinar for agents previous nextRegulation & LawRoPA: Latest update revealed by NAEA chief during webinar for agentsNAEA chief Mark Hayward has updated agents on the latest inside track on when and how RoPA qualifications and enforcement will work.Nigel Lewis29th October 20201 Comment1,599 Views A webinar to update the industry on RoPA has revealed several new features of the draconian regulation that estate agents will face once Lord Best’s report is turned into law, most likely in late 2023 or early 2024.This includes the likely cost of getting qualified, how enforcement will work, how long the transition period will last and confirmation on whether it will include ‘Saturday staff’, rent-to-rent operators and agent call centre staff.The government has been sitting on Lord Best’s report since it was published in July last year, delayed as the government’s energies were initially consumed by Brexit and then Covid.But Mark Hayward, Chief Executive of NAEA Propertymark, told agents hoping the initiative will be kicked into the long grass that housing minister Christopher Pincher remains committed to the report’s recommendations.These include mandatory qualifications for most people working in the industry and estate agent and agency licensing.But the questions posed during the webinar revealed that most were worried about the qualifications required under RoPA including how, when and what qualifications would be introduced.This is crucial for agents and companies if they want to attain and then retain their licences to operate.Hayward revealed that it would cost £500-£600 to get qualified, that novice or unqualified existing staff would have two years to attain the relevant Level 3 or Level 4 qualifications and that part-time Saturday staff would be included as would staff working in Purplebricks’ huge call centre and others like it.Hayward also revealed that enforcement of companies and agents would work like a driving licence; after a certain number of misdemeanours, they would be lose their right to operate within the industry.He also reminded agents that the scope of the qualifications would be very wide – taking in anyone who dealt with clients, properties or client money including those who ‘gave advice’ and, in some cases, accounts staff too.One sliver of hope for agents feeling overwhelmed is the timetable. Hayward pointed out that it will take up to three years to get RoPA into law, and that agents will then have two years to get qualified.“Please remember that the ‘good guys’ in the industry have little to worry about from RoPA, which is designed to exclude the rogue operators, who are now doing business on borrowed time,” said Hayward.Watch the webinar in full.Ropa Mark Hayward NAEA propertymark October 29, 2020Nigel LewisOne commentAndrew Stanton, CEO Proptech-PR Real Estate Influencer & Journalist CEO Proptech-PR Real Estate Influencer & Journalist 29th October 2020 at 8:42 amThis Gravy train needs to be stopped, as I think it is an outrage that tens of thousands of pounds has been spent by agents on getting RoPA qualified, when it is just a talking shop.Propertymark should refund this money, await statute, which by my calculation could be 48-months or never, and then, the question is why should Propertymark NAEA be the gatekeepers who facilitate ‘training’ and agents can not avail themselves of other bodies?As an agency and proptech consultant, I am all for training and development, but this posturing that keeps agents in fear that they need to get their A’ level in agency ‘or else’ is wearing a little thin.With the obvious shift in the estate agency paradigm, prompted by WFH culture and Covid-19, the real focus for industry thought leadership should be around AI and the use of technology.Helping agents make the change from legacy groundhog systems to being more connected to their clients and ensure their businesses will thrive in the new world of technology, that is eating many agents lunches.If agents are fed up with being threatened with the school masters slipper on their backside, contact me, perhaps there is a better way.Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021
Email* The $5,000 Bright Futures Medal Series, presented by SunLife advisor Sean Jones in conjunction with the Trillium Hunter Jumper Association, will help young riders prepare now for their post-secondary education financial planning. The series was established by Jones, a fellow equestrian, to educate young riders on the importance of finance, education and horsemanship. (Sean Jones also participated in the For The Herd Program in 2020 and developed a free financial webinar series in partnership with OE and Equine Guelph to assist equine business owners navigate finances.)Open to all “A” equitation riders (as per Trillium Hunter Jumper regulations) across all zones in Ontario, combined equitation scores over fences and under saddle will be tracked throughout the season leading up to a final competition at the Trillium Championships. The top 20 on the leaderboard will be eligible to complete in the Final, which will consist of an over-fences phase with the top 10 riders coming back to test.The winner will receive a $2,500 RESP contribution, cooler, medal and rosette. Placings 2nd – 6th will receive an RESP contribution ($2,500 divided over the five placings), medals and rosettes.The series will run throughout the 2021 horse show season across each zone. Watch for for upcoming details on the THJA website; the THJA 2021 Yearbook can be downloaded here. Tags: equitation, Bright Futures Medal Series, Trillium Hunter Jumper, THJA, Sean Jones, SIGN UP Subscribe to the Horse Sport newsletter and get an exclusive bonus digital edition! Horse Sport Enews We’ll send you our regular newsletter and include you in our monthly giveaways. PLUS, you’ll receive our exclusive Rider Fitness digital edition with 15 exercises for more effective riding. More from News:MARS Bromont CCI Announces Requirements For US-Based RidersThe first set of requirements to allow American athletes and support teams to enter Canada for the June 2-6 competition have been released.Canadian Eventer Jessica Phoenix Reaches the 100 CCI4*-S MarkPhoenix achieved the milestone while riding Pavarotti at the inaugural 2021 CCI4*-S at the Land Rover Kentucky Three-Day Event.Tribunal Satisfied That Kocher Made Prolonged Use of Electric SpursAs well as horse abuse, the US rider is found to have brought the sport into disrepute and committed criminal acts under Swiss law.Washington International Horse Show Returns to TryonTIEC will again provide the venue for the WIHS Oct. 26-31 with a full schedule of hunter, jumper and equitation classes.
View post tag: Ingalls View post tag: San View post tag: Fabrication View post tag: News by topic Ingalls Shipbuilding, a division of Huntington Ingalls Industries, announced today that it has begun construction on the U.S. Navy’s newest amphibious assault ship, John P. Murtha (LPD 26). The company was recently awarded a $1.5 billion contract to build the USS San Antonio-class ship at the Pascagoula facility.“This is a significant milestone for Ingalls Shipbuilding and for the U.S. Navy,” said Doug Lounsberry, vice president, LPD program. “It is the first ship we’ve started with the Ingalls name, and it will become the 10th ship in the class. Our shipbuilders are highly motivated to begin construction on this ship, and we look forward to delivering the most efficiently built LPD to date. These versatile ships provide unique capabilities to our sailors and Marines and allow them to perform several different missions in defense of our freedom.”The start of fabrication shipbuilding milestone signifies that 100 tons of steel have been cut and fabricated. The steel is cut by a robotic plasma arc cutting machine at Ingalls’ steel fabrication complex. The next milestone for LPD 26 will be the ship’s keel laying, scheduled for the first quarter of 2012. LPD 26 is scheduled to be launched in the third quarter of 2014 and delivered to the Navy in the fourth quarter of 2015.The 11 planned ships of the San Antonio class are a key element of the Navy’s ability to project power ashore. Collectively, these ships functionally replace more than 41 ships (the LPD 4, LSD 36, LKA 113 and LST 1179 classes of amphibious ships), providing the Navy and Marine Corps with modern, sea-based platforms that are networked and survivable and built to operate with 21st century platforms, such as the MV-22 Osprey.Ingalls Shipbuilding has delivered the first five ships of the LPD 17 class, LPDs 17-21. San Diego (LPD 22) will undergo sea trials later this year; Anchorage is currently 82 percent complete and is expected to be delivered in the second quarter of 2012; Arlington (LPD 24) was christened on March 26, and Somerset (LPD 25) is more than 50 percent complete and will be launched in 2012.The San Antonio-class ships are 684 feet long and 105 feet wide and displace approximately 25,000 tons. Their principal mission is to deploy the combat and support elements of Marine Expeditionary Units and Brigades. The ships can carry up to 800 troops and have the capability of transporting and debarking air cushion (LCAC) or conventional landing crafts, augmented by helicopters or vertical take-off and landing aircraft such as the MV-22. These ships will support amphibious assault, special operations or expeditionary warfare missions through the first half of the 21st century.Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder. Employing nearly 38,000 in Virginia, Mississippi, Louisiana and California, its primary business divisions are Newport News Shipbuilding and Ingalls Shipbuilding.[mappress]Source: HII , May 26, 2011; Industry news View post tag: ship View post tag: Antonio-Class View post tag: starts View post tag: Shipbuilding Back to overview,Home naval-today Ingalls Shipbuilding Starts Fabrication on USS San Antonio-Class Ship View post tag: USS Ingalls Shipbuilding Starts Fabrication on USS San Antonio-Class Ship Share this article View post tag: Navy View post tag: Naval May 26, 2011
September 11, 2013 View post tag: Navy Share this article Back to overview,Home naval-today UK: New Commander for HMS Ledbury Authorities View post tag: Ledbury View post tag: News by topic View post tag: New View post tag: HMS View post tag: Defence View post tag: Commander View post tag: Defense UK: New Commander for HMS Ledbury Royal Navy warship HMS Ledbury has a new commanding officer, but links with a West Sussex village live on.Outgoing captain, Lieutenant Commander Justin Hains, has welcomed a childhood friend to take over the helm of the Portsmouth-based minehunter.After two years in charge Lt Cdr Hains has handed over to Lt Cdr Simon Pressdee – an old pal who grew up in the same village of Lavant near Chichester.Lt Cdr Hains, 40, led the crew through a seven-month deployment to the Arabian Gulf and more recently a three-month period in the Mediterranean and Northern Red Sea, providing the UK’s contribution to the NATO high-readiness mine countermeasures group.He said,“I am very proud of what we have achieved together over the last two years as a crew and individually.”Lt Cdr Pressdee, 38, joined the Royal Navy in 1994 and has served in submarines, minehunters and destroyers and experienced the full breadth of RN operations worldwide he said,“Assuming command of HMS Ledbury is a huge privilege for me. I am very much looking forward to working with my crew to fulfil a busy and challenging programme.”HMS Ledbury is currently in Portsmouth undergoing routine maintenance prior to operations and exercises in the Baltic later this year.[mappress]Press Release, September 11, 2013; Image: Royal Navy View post tag: Naval
Authorities View post tag: News by topic View post tag: Naval View post tag: Romania Back to overview,Home naval-today USS Ross Docks in Constanta, Romania View post tag: Navy View post tag: USS Ross Ross’ presence in Romania reaffirms the United States’ commitment to strengthening ties with NATO allies and partners, while working toward mutual goals of promoting peace and stability in the region.“Our visit to Romania is so much more than just a port call,” said Commander Tadd Gorman, commanding officer of Ross. “A ship’s primary mission is not just at sea training and maintaining warfighting readiness; but we also have a unique opportunity to meet new people and build relationships.”This is Ross’ first port visit since beginning her patrol in the Black Sea. While in Constanta, Sailors will be engaging with their Romanian counterparts and hosting dinners for guests and dignitaries.“I have never been in the Black Sea before, and now getting to experience some of the Eastern European culture is just a fantastic opportunity,” said Boatswain’s Mate Seaman Brett Ragan.Ross, forward deployed to Rota, Spain, is conducting naval operations in the U.S. 6th Fleet area of operations in support of U.S. national security interests in Europe.U.S. 6th Fleet, headquartered in Naples, Italy, conducts the full spectrum of joint and naval operations, often in concert with allied, joint, and interagency partners, in order to advance U.S. national interests and security and stability in Europe and Africa.[mappress]Press Release, September 05, 2014; Image: US Navy View post tag: europe September 5, 2014 USS Ross Docks in Constanta, Romania The Arleigh Burke-class guided-missile destroyer USS Ross (DDG 71) arrived in Constanta, Romania, for a scheduled port visit, Sept. 5. View post tag: Constanta Share this article View post tag: docks