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 15, 2005

Kidnapped Turkish shipbuilder released

According to BBC and other reports, Kahraman Sadikoglu, who owns the Istanbul-based Tuzla Shipyard, was yesterday freed by kidnappers after his family paid a large ransom..

He was kidnapped in December in the southern Iraqi port of Um Qasr along with a boat captain and driver, who were released last month.

After his abduction he appeared in a video saying he had been clearing sunken ships from Iraqi harbors.

A Turkish press report says his family paid $500,000 for his return.


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