| Libya loses cruise ship

THE LIBYAN STATE-OWNED GENERAL NATIONAL
Maritime Transport Company has lost its
contract with shipbuilder STX France for the
construction of a new 14,000-tonne cruise
vessel, after defaulting on payment.
Prior to the cancellation, it was expected
that STX France would have completed work
on the Libyan vessel by the Dec next year.
The ship-builder is now looking for another
buyer for the partially constructed vessel.