proud_ionian Posted September 4, 2008 Share Posted September 4, 2008 source: MGN THE administrator of the Philippine's Maritime Industry Authority (Marina), Vicente Suazo, the country's top maritime official has resigned unexpectedly, saying he wishes to move to the private sector. Transportation Under-secretary for Maritime Affairs Elena Bautista has taken over as officer-in-charge of the agency. Singapore Business Times reports that while Mr Suazo indicated that he had filed his resignation as early as the first week of August, the timing of his departure has raised eyebrows as it comes in the middle of the agency's investigation of the sinking of the passenger ferry, Princess of the Stars, in which at least 700 persons were killed when it sank during a heavy storm on June 21. Marina, which has the power to stop the operations of local ship owners and operators, is set to wind up its probe on the sea tragedy this week and is expected to come up with a decision on the possible suspension of the franchise of Sulpicio Lines, owner and operator of the Princess of the Stars. Business Times nots however that suspending the franchise of Sulpicio Lines is easier said than done. Sulpicio Lines is one the Philippine's largest domestic passenger and cargo operators, accounting for a third of the passengers and cargo carried at sea. Abruptly suspending its operations would have severe consequences on the economy where 70 per cent of domestic trade is carried by ships. Link to comment Share on other sites More sharing options...
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