Penn State Lands Big 2020 Commitment

first_imgPenn State players run out onto the field.UNIVERSITY PARK, PA – NOVEMBER 18: Terrell Golden #4 and Maurice Evans #48 of Penn State celebrate as they enter the field before the game against Michigan State at Beaver Stadium November 18, 2006 in University Park, Pennsylvania. (Photo by Al Bello/Getty Images)Penn State added a major piece to its 2020 recruiting class earlier today. Hyattsville (Md.) DeMatha Catholic offensive lineman Golden Achumba is a Nittany Lion.Achumba became the sixth verbal commitment for Penn State in this recruiting cycle. He’s the second offensive lineman in the class, joining fellow three-star Grant Toutant.“I’m honored to have been able to experience the recruitment process,” Achumba wrote on Twitter. “With that being said, I am 100 percent committed to The Pennsylvania State University!”I’m committed to….#WeAre #PSUnrivaled #OneDeMatha #Blessed @PennStateFball @DeMathaFootball— BigDogGolden🇳🇬 (@Golden_A70) April 2, 2019Achumba committed to PSU after unofficially visiting campus last week.He is the 16th-ranked prospect in Maryland and the No. 24 offensive guard in the 2020 cycle, according to 247Sports’ Composite Rankings.Penn State is coming off a 9-4 season and a loss in the Citrus Bowl. The Nittany Lions are entering year six under James Franklin.Currently, Penn State has the No. 13 recruiting class in the 2020 cycle. You can view their full haul here.last_img read more

Shipping Industry’s Morale Suffers Sharp Decline

first_imgzoom The morale in the shipping industry has fallen to the lowest level in the past six years, according to the Way Ahead Transport survey by Norton Rose Fulbright law firm.The battered optimism has been attributed to a fleet overcapacity in the shipping industry at a time of recorded downturn in emerging markets in Asia coupled with ongoing turmoil in Greece which is threatening the Euro zone.The survey shows that merely 33 % of respondents see the current market conditions as positive, a steep fall from 69 % recorded in 2014.“We have this huge overcapacity but a lot of shipowners are still going out and ordering ships,” Harry Theochari, the firm’s global head of transport, is cited by Bloomberg as saying.The survey shows that mergers and acquisitions along with joint ventures and pooling deals are to be expected in the next year as market players eye capital opportunities.Theochari estimates that consolidation, driven by both distress and the on-going corporatisation of the industry, is the natural next step for shipping businesses.The survey findings correspond to those released last week by shipping adviser Moore Stephens, saying that the overall confidence levels in the shipping industry fell during the three months to May 2015 to a level equal to the lowest rating recorded in the past seven years.The low confidence levels stem from low freight rates and overtonnaging, with continuing doubts about private equity funding.World Maritime News Stafflast_img read more