The recently enacted "American Jobs Creation Act" gives significant tax breaks to a number of U.S. industries--including shipping.

MARINE LOG and BLANK ROME will present a senior level seminar CHANGES IN U.S. TAXATION OF SHIPPING INCOME in Stamford, Conn. on April 5 & 6, 2004

Make sure you know how the new tax rules work!

February 9, 2005

Turkish interest in Rochester ferry

The City of Rochester, New York, may face competition when it bids for the fast ferry Spirit of Ontario, briefly operated by CATS, at a February 28.

Last Thursday, the court overseeing the auction granted Turkey's Istanbul Fast Ferries permission to inspect the Austal built vessel.

Istanbul Fast Ferries is reportedly an existing Austal operator that has previously expressed an interest in future newbuildings from the Australian yard.

We'll have further coverage in the next issue of FERRIES &: FAST CRAFT NEWS. .


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