Day: 26 June 2018

The Government plans to adopt a common strategy by all those who help to convey Monaco’s image outside its borders.

A mission to fulfil this aim has been entrusted to Mr Guillaume Rose in order to ensure better coordination of all these stakeholders. The objective is to develop common axes with target countries in order to maximise the returns on public spending and the impact in terms of the image of Monaco abroad.

Mr Rose is a former head of the Principality’s Tourism and Conventions Office and has unequalled experience in projecting Monaco’s image in an international context. He will also conduct a study enabling the Government to define its common strategy and evaluate the opportunities while at the same time taking into consideration the human and financial resources needed.

Monaco has been working on the sustainable management of forests since 2011, when the charter on the use and the virtuous management of wood was launched, the fruit of a partnership between the Prince’s Government, the Prince Albert II Foundation of Monaco, the MC2D association and the IMEDD.

A number of Monaco organisations are committed to sustaining forest products through their actions, their purchases or their production methods. Traceability and valuation are also taken into account to ensure effective monitoring of the timber industry. The assessment for 2017 is encouraging and confirming the signatories’ involvement and the usefulness of the Charter.

As a reminder, according to the United Nations Food and Agriculture Organisation, in 1990 the planet had 4,128 million hectares of forest against 3,999 million hectares in 2015. It is important to consider the importance of biodiversity in soil and water conservation, carbon storage, population dependency, and sustainable development.

The fight against deforestation is included in the Sustainable Development Goals adopted by the United Nations in 2015 (SDG 15 and especially 15.2 promoting sustainable management of all types of forest).

As part of the celebration of the 25th anniversary of the Principality’s accession to the United Nations Convention on the Rights of the Child, the Department of External Relations and Cooperation held a high-level symposium on Monday, June 25, in Monaco.

In her opening remarks, HRH Princess Caroline of Hanover, President of AMADE Mondiale, said: “Together we must combine our efforts to eradicate the phenomenon of violence, in particular through the adoption and enforcement of laws that protect the possible victims. We must also fight violence by changing the attitudes and mentalities that perpetuate it, because any tolerance in this area is unacceptable. This is the commitment that HSH Prince Albert II, my brother, has taken for many years now by placing the promotion and protection of the Rights of the Child as one of his policy priorities.”

Following the speech of Marta Santos Pais, Special Representative of the Secretary General of the United Nations in charge of the issue of violence against children, a panel of experts met around the theme “Violence against against children in the context of family and school.”

The discussions were moderated by Jean-Charles Sacotte, Chairman of the Board of Directors of the Institute of Economic Law of the Sea and Member of the Council of State.

Speakers included experts from the United Nations Committee on the Rights of the Child and the Council of Europe, UNICEF Regional Director for Europe and Central Asia, human rights defenders, as well as representatives of non-governmental organisations.

The general conclusion of the symposium was delivered by Anne Eastwood, High Commissioner for the Protection of Rights, Freedoms and Mediation, in the presence of HRH Princess Caroline.

RMC reported on Monday, June 25, that AS Monaco have concluded a €3 million including bonuses agreement with Chelsea for 17-year-old centre-half Jonathan Panzo.

Gladbach, Valencia and Eintracht Frankfurt were also after the player, according to various news sources. Panzo was reportedly recommended by Monaco technical director Michael Emenalo, who used to work for the Blues in the same role.

Panzo turns 18 in October, was part of the England Under-17 World Cup winning squad and won the FA Youth Cup and Premier Academy League with Chelsea last season.

Monaco-based Scorpio Tankers Inc. announced on Monday, June 25, that it has agreed to sell and leaseback two MR product tankers (STI Gramercy and STI Queens) and two LR2 product tankers (STI Oxford and STI Selatar) in two separate transactions to an international financial institution.

Upon completion, the company’s liquidity is expected to increase by $42 million in aggregate after the repayment of outstanding debt. These lease financing arrangements are part of the company’s new financing initiatives that were announced on April 25, 2018.

As part of the agreements, the company will bareboat charter-in the vessels for a period of seven years. In addition, the company has purchase options beginning at the end of the third year of each agreement. There is also a purchase obligation for each vessel upon the expiration of each agreement.

Scorpio Tankers is a provider of marine transportation of petroleum products worldwide. The company currently owns or finance leases 109 product tankers (38 LR2 tankers, 12 LR1 tankers, 45 MR tankers and 14 Handymax tankers) with an average age of 2.9 years and time or bareboat charters-in 17 product tankers (two LR2 tankers, eight MR tankers and seven Handymax tankers).