Saga Posts Surprise Profit Amid Cruise Shutdown
Saga on Wednesday reported a stronger than expected annual profit, sending its shares sharply higher, as lower motor insurance payouts during lockdowns offset losses in its over-50s tour and cruise operations.The British company, hit hard last year by a shutdown of cruises globally and collapse of other travel, said it was ready to resume its tour and cruise businesses this year after suspending them in March 2020, with timing subject to government restrictions.“Customer demand remains strong, with evidence of significant pent-up demand from customers ready to travel,” Saga said.Saga’s shares jumped nearly 10% to 3.81 pounds by 1010 GMT.Saga plans to launch its Spirit of Discovery cruise at the end of June…
BV Focuses on Access Safety
structures. detail. the means of access onboard ships of any type. cent of non-fatal shipboard injuries to almost nothing. hatchways, can reduce common accidents to almost zero. that benefit to merchant ships. crew members and surveyors. of actual users and the application of ergonomic principles to design. openings (vertical and horizontal) and elevated passageways. and confidence and poor marking of hazards. to build. for shipping accidents are due to slips, trips and falls," says Anne. "That's a lot of hurt seafarers, a lot of time lost and money wasted.
WQIS Marks 30th Anniversary
The U.S. has the most stringent, comprehensive marine pollution laws of any country on the planet. The last 30 years have marked an evolution from little legal enforcement to strict liability for marine pollution. One company, WQIS, a provider of marine pollution liability insurance in the U.S., celebrates its 30th anniversary this year. Two events proved pivotal in developing the United States' liability enforcement of marine pollution laws. In 1967, the Torrey Canyon spill off the Scilly Isles in England provided some of the most shocking images ever seen in marine pollution cleanup. Faced with an overwhelming spill and the inability to contain it, Royal Air Force fighter planes dropped napalm bombs in an effort to burn off the oil and sink the ship.
