Stormy Economic Waters for Ferry Firm
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P&amp;Oâs cutbacks announced today are the result of the waves of troubles that have swamped the ferry industry of late. Some would say the company has done well to weather the storms for as long as it has.
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Private ferry operators need public-funding lifelines to stay afloat, City Council officials warned yesterday. Alarmed by service cutbacks announced recently by the financially troubled NY
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Europe's northern seaports are on an unprecedented bull run. Terminal operators are reporting record traffic for most cargoes, from containers and crude oil, to coal and iron ore and are confidently bracing for ...
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By James Johnston  The stricken TS Kellington looks set to stay on the River Tees after a breakdown in talks over who should pay the pounds 250,000 removal fee.
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The buyout for the ice manufacturer is on the rocks.
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By Patrick Donohue, Walton Sun, Santa Rosa Beach, Fla.  Jun. 9--DESTIN -- Absent even a mild tropical storm, inclement weather is still hitting Destin's charter boat captains where it hurts--their wallets.
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Channel ferry services are disrupted by a French fishermen's strike over fuel price rises.
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Indonesia's rust-bucket  ferries are a symbol of the decrepit infrastructure which has  plagued Southeast Asia's biggest economy and prevented it from  matching China's meteoric growth rate.
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A roll-on roll-off ferry which ran into trouble in high winds in the Irish Sea runs aground at Blackpool.
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All the trade is storm-related today,&quot; said Stephen Briggs, managing director of Intermarket Group. &quot;Obviously, people are speculating we may see some platforms closing in the Gulf.
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Quarterly results suggest conditions may not be as grim as initially thought for the cruise company.
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By Murray Kelso  Yet another hapless driver has been caught out by rising tides at Holy Island causeway - less than a week after shock signs were put up to stop it happening.
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The banking company is holding up in a tough market.
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The popularity of cut-price airlines and the Eurostar rail service to the continent is threatening to sink the ferry industry, where 1,200 job losses were announced yesterday.
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LONDON, SEPT 29: The Peninsular and Oriental Steam Navigation Company (P&amp;O) will cut up to 1,200 jobs and slash services in a plan to salvage its loss-making ferry business, which has been hit by competition from low-cost airlines.
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A roll-on roll-off ferry which ran into trouble in high winds in the Irish Sea runs aground off the Blackpool coast.
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A ferry that ran into difficulties in the Irish Sea, prompting British and Irish rescue teams to be scrambled, ran aground Thursday evening at Blackpool, northwest England, officials said.