Bill Calls for $3.5B in Security Grants

Tuesday, May 25, 2004
Text of the Public Transportation Terrorism Prevention Act of 2004 (S. 2453) to authorize the Secretary of Homeland Security to award grants to public transportation agencies to improve security, and for other purposes, has been posted on the Internet. If enacted, the bill would, among other things, authorize $3.5 billion for grants to public transportation agencies in the United States to defray the cost of security enhancements. View text of the bill at http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=108_cong_bills&docid=f:s2453rs.txt.pdf(HK Law).

Legal

UASC's Dismal Performance

United Arab Shipping Company (UASC), which is close to merging with Hapag-Lloyd, revealed enormous deficits and a massive debt in its key financial figures, says Alphaliner.

Philippines: Sea Dispute Won't Shift Ties with China, U.S.

The Philippines' territorial dispute with China over the South China Sea has not caused Manila to rebalance diplomatic ties with either its ally, the United States,

Hanjin Shipping to Submit Self-Rescue Plan

South Korea’s Hanjin Shipping is planning on submitting a self-rescue plan to creditors this week to stave off bankruptcy by Aug. 25, reports Korea Herald quoting local media.

 
 
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