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April 3, 1989 | GEORGE STEIN, Times Staff Writer
Alan Jones, the 58-year-old captain ordered to give up command of a cargo ship after being reported drunk at the helm and steering erratically, was headed back to his native England Sunday, the U.S. Coast Guard announced. The Coast Guard said Saturday that it was investigating Jones for possible charges of negligence and the nautical equivalent of drunk driving. Both charges carry a possible fine of $5,000 and a one-year prison sentence.
A ship carrying cargo from China to the Middle East was recently inspected and found to contain illegal chemicals used for making dangerous weapons, U.S. officials acknowledged Friday. The ship Asian Senator, which is of German origin, was examined at a Saudi Arabian port in a new demonstration of the intensified U.S. and international campaign to stop the spread of deadly weapons and chemicals.
September 12, 2009 | Times Wire Services
FedEx Corp. shares rose to an 11-month high after the second-largest U.S. package-shipping company said first-quarter profit topped its forecast. Earnings for the quarter that ended Aug. 31 will be 58 cents a share, the Memphis, Tenn., company said in posting preliminary results. FedEx had forecast 30 cents to 45 cents. The average of 15 analyst estimates compiled by Bloomberg was 45 cents. FedEx's announcement suggests shipping demand is starting to pick up, particularly for higher-priced international service.
December 26, 1988 | From Financial Times
Japan Line and Yamashita-Shinnihon Steamship, two of Japan's leading shipping groups, have agreed to merge. The agreement, due to be completed by June 1, is the largest merger deal between Japanese shipping companies since the government led a reorganization of the industry in 1964. The deal also comes against the background of a lingering slump in the shipping industry and renewed efforts by the government to promote restructuring.
June 19, 1988 | LARRY GREEN, Times Staff Writer
Drought is causing America's great river highway, the mighty Mississippi, to run low on water. One of the driest spring seasons in a half-century is also dropping water levels dangerously low on other rivers, great and small, that depend on watersheds in the Midwest, Southeast and Northwest to keep them flowing.
January 23, 1995
W.D. Adams Co. in Costa Mesa has been making industrial containers since 1960. Manufacturers use the containers to store parts and safeguard them during shipment. The company's 15 employees make about 350 different kinds of boxes and containers. In recent years, the company has shifted its customer base from military and electronics companies to automobile manufacturers, which use the containers to store automobile parts and ship them from one plant to another, President Jim Burra said.
August 9, 1988 | MELISSA HEALY, Times Staff Writer
In a shift that has already stirred controversy in Congress, the Reagan Administration is moving to approve regular shipments of U.S.-supplied, weapons-grade plutonium by cargo vessel between Western Europe and Japan by expanding an agreement between Washington and Tokyo that took effect last month. The Defense Department has blocked such arrangements in the past, arguing that the trips would make the nuclear material more vulnerable to terrorist attack and tie up U.S.
Motorola announced Monday that it had finally begun volume shipments of its 68040 microprocessor, a computer-on-a-chip that will form the brain inside new computers from Hewlett-Packard, Next Inc. and many other companies. The new chip, one of the most sophisticated ever made, has been delayed for several months, angering customers and handicapping Motorola's efforts to keep up with Intel Corp. and other competitors in the microprocessor race.
January 17, 1987 | MARJORIE MILLER, Times Staff Writer
At the rate of at least one a month, ships from all over the world land at this steamy port on the Caribbean coast to unload cargoes of arms. Much of the weaponry is bound for the Honduran military, which has been slowly building up to match the growth of the armies in neighboring Nicaragua and El Salvador. But some of it is destined for the contras-- the rebels operating in this country whose avowed intent is to topple the Marxist government in Nicaragua.
July 29, 1988 | GEORGE WHITE, Times Staff Writer
Princess Cruises, the Los Angeles-based owner of a cruise ship fleet used in "The Love Boat" television series, has taken a corporate mate. Sitmar Cruises, a Los Angeles-based cruise line operator, will merge with Princess under an agreement signed late Wednesday, the companies said Thursday. Under the agreement, Princess will acquire Sitmar's operation--an existing four-ship fleet and three new Sitmar ships under construction--for $210 million. Princess already has a fleet of five ships.
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