zoom Dry bulk shipping company Diana Shipping and Wilhelmsen Ship Management (WSM) have joined forces in a new 50/50 joint venture named Diana Wilhelmsen Management Limited (DWM). The joint venture will initially provide management services to a limited number of vessels of Diana Shipping’s fleet when the joint venture commences operations later in the second quarter of this year and may in the future provide management services to unaffiliated third party vessel operators. The DWM office will be located in Limassol, Cyprus. “This joint venture will provide Diana Shipping with an expanded capability to provide high quality management services to vessels in its fleet, while creating an opportunity to further enhance shareholder value through increased revenues by eventually providing management services to unaffiliated third party vessel operators,” noted Chairman and Chief Executive Officer of Diana Shipping Simeon Palios.“With our joint venture, we see the best from two well established organisations. WSM’s excellent quality and proven experience within ship management, coupled with Diana Shipping’s global ship operating experience, truly brings forward an exciting new formula. We aim to deliver a well-driven and efficient operating model for our partner, Diana Shipping,” Vice President of WSM Europe and the Americas, Mr. Håkon Lenz went on to say.
Immigrants can help Nova Scotia businesses remain competitive. This was the message Immigration Minister Carolyn Bolivar-Getson delivered recently to Pictou County business leaders. The leaders gathered in Stellarton on Tuesday, Feb. 6, to hear about the benefits of immigration and to engage in a dialogue about potential barriers to hiring immigrants and to identify ways for overcoming these barriers. “Nova Scotia’s growing economy requires that we have a more diverse workforce,” said Ms. Bolivar-Getson. “Businesses that are looking to expand into worldwide markets will also benefit from having employees who have lived and worked in those places.” “Businesses are losing access to qualified workers as more and more residents head out west with their families,” said Jim MacConnell, chair of the Stellarton session. “Immigration is one means of addressing the shortfall.” Immigration can hold many benefits for companies. Newcomers provide exposure to other cultures and opportunities to gain access to international markets and learn other ways of doing business and business thinking. Most importantly, immigrants can also address a business’s need for skilled workers. “Since 2003, we have seen a 75 per cent increase in the number of immigrants moving to Nova Scotia,” said Ms. Bolivar-Getson. “While attracting more newcomers remains a priority, we must be able to keep them here. The primary reason why immigrants leave Nova Scotia is to find meaningful work.” The Stellarton forum was one of eight the immigration minister will host across the province in February.