Tinian Shipping & Transportation Inc. said it incurred losses of more than $33 million over 10 years of operations. Despite this, TSTI will continue to operate the ferry services. In return, TSTI is asking the CPA board of directors to waive its lease rentals or at least peg it at a minimal rate for 40 years. It also asked that it be allowed it to build a drydock facility for the repair and maintenance of its vessels. TSTI has been providing ferry services between Saipan and Tinian not only to its customers but also to the entire public since 1996. TSTI is a sister company of Tinian Dynasty Hotel & Casino. In pushing for the drydock facility…
