Nathans Auditor of Swansea-Cork Ferry Ops
Ireland-based accountant and consultant Moore Stephens Nathans has been appointed auditor to the group of companies recently set up under the name Fastnet Line to operate a new passenger and freight ferry link between Swansea in Wales and Cork in Ireland. The service is scheduled to begin on March 1, 2010, providing the first crossing since 2006. The cessation of the old Swansea-Cork ferry operation in 2006 caused an estimated annual loss of $51.7 to businesses in Ireland, which relied on the service to bring large numbers of UK and EU tourists into the south-west of the country. Since the service ended, a number of lobby groups in both Ireland and Wales have been campaigning for a return of the ferry link…
Shipsales Boost Finland's October Trade Surplus
Finland posted a record monthly trade surplus for October, boosted by a major deal by one of its shipyards and accelerating economic recovery. The customs board's preliminary data for October showed a trade surplus of a record $1.4 billion, with exports up 14 percent year-on-year at $4.1 billion and imports up six percent at $2.7 billion. October saw the departure from Finland of Voyager of the Seas, the world's largest cruise ship, built by Kvaerner's Masa-Yards for Royal Caribbean. Economists said that despite this one-off item, the data added to evidence from figures in the past few months indicating that the economy was back on track after being hit by the Russian crisis and a global economic slowdown last autumn.
