Saturday, June 21, 2008

Source: Lloyd's List

Source Date: 20th Jun, 2008
Source Pages: p.1.
Summary:
China’s largest shipping company, China Ocean Shipping Co, has ruled out plans to launch a fleet-wide speed-reduction programme following the introduction of a similar initiative on its liner fleet.
Cuts sink navy plans for two more destroyers
Source: Financial Times

Source Date: 20th Jun, 2008
Source Pages: p.4.
Summary:
The UK government has scrapped plans to order two extra Royal Navy Type 45 destroyers worth about £1.4bn - the biggest sacrifice yet made in the Ministry of Defence's cost-cutting drive. The reduction in Type 45s had been long expected and became almost inevitable after the decision to build two aircraft carriers put further pressure on the department's budget.

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