Princess Cruises Pleads Guilty to Violating 'Magic Pipe' Probation
Carnival Corp.'s Princess Cruises has again pleaded guilty to violating its probation imposed as a result of its record $40 million criminal conviction for its "magic pipe" environmental crimes.The U.S. Department of Justice (DOJ) said on Tuesday that Princess failed to establish and maintain an independent internal investigative office as required after pleading guilty to felony dumping and attempted cover-up charges in April 2017. An engineer aboard the Caribbean Princess revealed…
Logistics Mergers Up, Says KPMG
Auditor KPMG says that the mergers and acquisitions (M&A) in the Transport sector will supersede the levels seen in 2015 this year. In 2016, mergers and acquisitions (M & A) in the Transport sector will supersede the levels seen in 2015 by exceeding the £ 52 billion mark, according to KPMG's latest Transport Tracker. The analysis found that the value of completed M & A transactions in 2016 will pass the 2015 mark, which rose for the third consecutive year, to a total of £ 48 billion. Further transactions worth approximately £ 66 billion were announced, hitting a record level of M & A activity in the sector in 2015. ASPAC targeted acquisitions contributed to 55% of the announced transaction values ​​in 2015…
IAG Superyacht King Baby on the Water
Chinese shipyard, IAG Yachts, has successfully launched the beautiful 140-foot motor yacht King Baby, destined for an experienced yachtsman. "King Baby" is IAG Yachts' largest motoryacht build to launch so far. She stretches 140-feet while the other two yachts were 100 and 127-feet respectively. The exterior design is by a firm named REDS out of Italy. In fact, they did the interior as well. The yacht should go into charter service once completed and was built for a rather experienced American owner. This particular project had some alterations in its design/build life having ended up at 140-feet when originally it was around 5-feet shorter.
Rolls-Royce Confirm 2013 Financial Forecasts
Rolls-Royce state that current trading is in line with expectations, and that their guidance for the full year is confirmed. Since the preliminary 2012 results in February, Rolls-Royce say they have won a US$1.6bn order from International Airlines Group (IAG) for Trent XWB engines, with long-term TotalCare® service support, to power 18 Airbus A350-1000 aircraft; they have also signed multiple contracts to provide and service military transport engines for the US Air Force and US Marine Corps; in addition construction has started on the state-of-the-art Core Manufacturing Facility in Derby that will produce reactor cores for the UK's current and future Submarines Programme.
