FastShip sets new goal Philadelphia-based FastShip is seeking to exploit what it believes is a largely untapped market for high-value, time-sensitive cargo. As the fund-raising effort for its proposed high-speed transatlantic service swings into gear, the company is looking ahead to other trade routes.
United States Two men patrol Philbin's Beach in Aquinnah, Martha's Vineyard island, searching for debris from the plane piloted by John F Kennedy Jr, who is believed to have been killed with his wife and sister-in-law when the plane crashed.
BP Amoco deal offers stake in Burmah Castrol BP AMOCO plans to buy Mobil out of its European lubricants joint venture and sell the business to Burmah Castrol in exchange for a minority stake in the firm.
Best top ranking a boost for BRIT INSURANCE rating organisation A M Best has assigned a top ranking to BRIT Insurance, which is undergoing an ownership revamp.
Antwerp looks to Schelde co-operation Antwerp Port Authority is to co-operate "intensively" with the Belgian port of Ghent, and the Zeeland harbours in the Netherlands of Vlissingen and Terneuzen, on their common use of the Schelde river and the neighbouring region.
Falmouth yard wins freight ferry contract from P&O P&O's freight ferry European Seafarer has arrived at the Falmouth facility of UK shiprepair and conversion company A&P Group to undergo repairs as part of a three-ship, '1m ($1.6m) repair contract.
Marconi poised to rescue Govan So Govan Shipyard, the last of the giant Clydeside commercial shipyards, has been sold once again. Electronics giant Marconi, part of GEC, will take over the reins of this once famous shipyard. But will Marconi succeed where others have failed?
London Club chairman accepts merger in principle The London Steam-Ship Owners' Mutual Insurance Association (the London Club) would not be opposed in principle to a merger with another club, but such a combination would have to add value to the club's membership for it to be allowed to proceed, John M. Lyras, chairman of the London Club, said.
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