COLLEGE PARK, MD – NOVEMBER 17: A general view of the Florida State Seminoles and Maryland Terrapins game at Byrd Stadium on November 17, 2012 in College Park, Maryland. (Photo by Rob Carr/Getty Images)Maryland’s football program is in need of a new head coach, as the Terrapins rightfully opted to fire head coach D.J. Durkin on Wednesday, shortly after the school had announced that he was being reinstated.Several names have surfaced in regards to the opening. A new one surfaced today – it’s a big one.Unfortunately for Maryland fans, though, it’s probably not one they’re going to like.Former Tennessee head coach Butch Jones is reportedly interested in the job. Jones, who was fired by Tennessee, is currently working under Nick Saban at Alabama.TerrapinsSportsReport.com reported Jones’ interest today, citing a source close to the head coach.It seems unlikely that the interest would be reciprocated by Maryland, though it remains unclear how the coaching world is viewing the Terrapins’ job with everything that’s transpired this year.Some other names that have been mentioned for the opening are Alabama assistant Mike Locksley, Syracuse head coach Dino Babers and former LSU head coach Les Miles.Stay tuned.
zoom International accountant and shipping adviser Moore Stephens believes that the shipping industry’s fortunes should be noticeably improved by 2015 if it maintains the recovery which got under way last year. But it warns that the prospects for recovery may still be fragile if the industry fails to meet a number of challenges, including tighter regulation and increased operating costs.Moore Stephens shipping partner Richard Greiner says, “New Year resolutions are invariably a case of in one year and out the other. Generally speaking, it is wise not to make resolutions which are too ambitious; American troubadour Woody Guthrie had the right idea when he settled for, ‘Wash teeth, if any’. But the shipping industry can afford to be a little more bullish than previously in its aspirations for 2014.“Shipping is in a different space to that which it occupied a year ago. Confidence rose to a three-year high over the course of 2013. Good things are predicted for freight rates in 2014, more companies are starting to consider new investment, and economic and political issues with the potential to hurt shipping are deemed less severe than twelve months previously.“Over the next twelve months, we can expect to see more shipping money raised in the public and private equity markets. We may see more non-shipping money invested in shipping than for some time, although not necessarily by dentists. Supply and demand levels should come closer into alignment. Consequently, freight rates are likely to rise and, with them, vessel values. Increased levels of demolition will be required to offset new tonnage. China is already offering subsidies to shipping companies to scrap vessels before their operational expiry date and to replace them with new ships which are eco-friendly and which fly the Chinese flag. So everybody is happy – owners, shipyards, environmentalists (except those worried about the perceived evils of irresponsible recycling) and politicians alike.”Greiner warns, however, that all the positive indicators remain somewhat fragile. Further, he says, “Operating costs are expected to go up in 2014. Shipping cannot operate without fuel and skilled manpower. Meanwhile, increased regulation of crew welfare, fuel quality and ballast water management are big-ticket items. Environmental regulation is self-perpetuating, witness the news that IMO is to debate plans for shipowners to compile fuel-consumption data to support steps to create carbon dioxide reduction regulations.“It is to be hoped, however, that the industry can sustain the upturn which began in 2013. If it can, we may see a return to rude health by 2015 although, as John Maynard Keynes warned, ‘The market can stay irrational for longer than you can stay solvent’.”Moore Stephens, January 13, 2014; Image: iStock