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Finance Package News

25 Feb 2014

SS United States: Leading Lady to Damsel in Distress

This is now ... United States seen from S. Christopher Columbus Blvd., Philadelphia.

Once queen of the express liners, and the fastest, safest and biggest passenger liner in history, the SS United States today quietly awaits rescue from a pending cruise to the scrapyard. The Big Ship the Big U, the one that didn’t sink. The S.S. She is waiting for a rescue that may never come from an appointment with the scrap yard looming large on her summer schedule. And that would be a shame according to her many supporters, not the least of which was the late newsman and sailor, Walter Cronkite.

26 Apr 2013

Moore Stephens Recommends Exploring Leasing Solutions

International accountant and shipping adviser Moore Stephens said shipping companies should explore leasing opportunities as a way of adjusting their self-owned and chartered-in tonnage balance in response to the radical changes that have taken place in ship financing in recent years. Phil Cowan, the firm’s Head of Corporate Finance, said, “The traditional thinking of a company needing to own all the resources it uses to operate has been successfully challenged for many years in the shipping industry by the use of extensive outsourcing.

17 Mar 2000

Loss Of Contract Deals Blow To N. Ireland Economy

Northern Ireland's economy suffered a blow when the shipyard that built the Titanic lost its bid to build a new Queen Mary cruise liner. The loss to a French yard threatened the survival of Harland and Wolff, the shipyard that once employed 30,000 workers and symbolized Northern Ireland's industrial prowess. Today it is a shadow of its former self with 1,745 workers. "The impact that this has on the ability of the UK shipbuilding industry to compete for projects is now clear and needs to be urgently addressed if there is to be a future for the industry in the United Kingdom," he said. British Prime Minister Tony Blair rejected the criticism. "We're very disappointed at the decision. But it's a decision by a commercial company.