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September 28, 2001

Call for UN sanctions against Liberian-flag ships
A report released today by the ITF (the International Transport Workers Federation) and Global Witness, a London-based environmental and human rights group calls for definite steps against ships flagged with the Liberian shipping register in response to the role allegedly played by Liberia in sponsoring terror and conflict in Sierra Leone.

Entitled "Taylor Made," the report can be downloaded here,

It calls for UN member states to deny Liberian flagged vessels access to their ports, for shipowners to break all links with the Liberian flag, and for a UN travel ban in place under existing sanctions on Liberia to be extended to any Liberian national connected with its maritime affairs.

The ITF and Global Witness assert that monies paid to the registry by shipowners largely from Europe, the US and Japan go directly to a regime which has been cited by the UN as facilitating the flow of arms to guerillas in Sierra Leone.

"Taylor Made," which also deals with the profits made from the plundering of Liberia's natural rain forests, will be previewed on Friday 28th September at a special meeting of the Liberian Democracy Initiative on Capitol Hill in Washington,where ITF Assistant General Secretary Stuart Howard will be a panelist.

ITF General Secretary David Cockroft has presented the findings to the Government of Singapore, which chairs the UN Security Council Committee dealing with sanctions against Liberia.

Royal Caribbean names Wright senior VP, safety and environment
Capt. William S. Wright, who has directed a comprehensive upgrading of navigational systems for the fleet of Royal Caribbean Cruises Ltd., has been promoted to senior VP, Safety and Environment,responsible for developing and overseeing all corporate environmental strategy and activities.

Wright, 47, a nine-year veteran of Royal Caribbean International, has served as Master of three ships, and for the last three years, he has managed both the Bridge 2000 and the Navigation 2000 programs. He oversaw a total revision of navigation policies and procedures, and the company's manual has been adopted by the Norwegian Shipowners Association as a template for bridge procedures. Capt. Wright has a master's degree in marine engineering from Vestfold College in Norway. He joined Royal Caribbean in 1992 as a second officer on Nordic Prince and was promoted to captain in 1997. He has lectured at the Norwegian Maritime College in Horten, Norway.

Inmarsat postpones IPO
Inmarsat Ventures plc has postponed its initial public offering. This follows the specific recommendation of the Company's global coordinator Morgan Stanley, other advisors, and members of the syndicate. It will reconsider its IPO when financial market conditions have improved sufficiently.

Michael Storey, Inmarsat president and CEO said: "The current market conditions following the recent unprecedented events in the U.S. would make it difficult for Inmarsat to realize fair value for our shareholders."

"This postponement," he added, "will not affect the strategic development of our next generation of satellites due to be operational during 2004, nor our ability to fund operations going forward."

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