DOT Announces Ferry Safety Improvements

Friday, October 24, 2003
New York City Department of Transportation Commissioner Iris Weinshall outlined several interim initiatives designed to enhance safety at the Staten Island Ferry. "At the Department of Transportation, we extend our deepest sympathies to the families and friends of those who perished during last week's Staten Island Ferry tragedy," the Commissioner said. "We are continuing to cooperate with the National Transportation Safety Board's investigation. While many questions remain unanswered, we must act now to improve safety. The riders of the Staten Island Ferry deserve no less." Commissioner Weinshall outlined initiatives that were developed in consultation with the United States Coast Guard.

Finance

Hellenic Petroleum Profits Rise on Higher Exports

Hellenic Petroleum, Greece's biggest oil refiner, posted a 20 percent rise in second-quarter core profit on Thursday, with higher exports offseting lower refining margins.

China COSCO Falls to H1 Net Loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

 
 
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