DOCSLIB.ORG

Sea Containers Ltd. Annual Report 1999 Sea Containers Ltd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

Sea Containers Ltd. Annual Report 1999 Sea Containers Ltd. Front cover: The Amalfi Coast Sea Containers is a Bermuda company with operating seen from a terrace of the headquarters (through subsidiaries) in London, England. It Hotel Caruso in Ravello, Italy. is owned primarily by U.S. shareholders and its common Orient-Express Hotels acquired the Caruso in 1999 shares have been listed on the New York Stock Exchange and will reconstruct the prop- (SCRA and SCRB) since 1974. erty during 2000-2001 with a The Company engages in three main activities: passenger view to re-opening in the transport, marine container leasing and the leisure business. spring of 2002. Capri and Paestum are nearby. Demand Passenger transport includes 100% ownership of Hoverspeed for luxury hotel accommodation Ltd., cross-English Channel fast ferry operators, the Isle of on the Amalfi Coast greatly Man Steam Packet Company, operators of fast and conven- exceeds supply. tional ferry services to and from the Isle of Man, the Great North Eastern Railway, operators of train services between London and Scotland, and 50% ownership of Neptun Maritime Oyj whose subsidiary Silja Line operates Contents fast and conventional ferry services in Scandinavia. Company description 2 Marine container leasing is conducted primarily through GE SeaCo SRL, a Barbados company owned 50% by Financial highlights 3 Sea Containers and 50% by GE Capital Corporation. Directors and officers 4 GE SeaCo is the largest lessor of marine containers in the world with a fleet of 1.1 million units. President’s letter to shareholders 7 The leisure business is conducted through Orient-Express Discussion by Division: Hotels Ltd., also a Bermuda company, which is 100% owned by Sea Containers. Orient-Express Hotels owns and/or oper- Passenger Transport 14 ates 35 leisure properties worldwide, including 26 hotels, six Leisure 18 tourist trains, two restaurants and a river cruise ship. It also Containers 22 partly owns and manages PeruRail, the sole provider of rail services in central and southern Peru. Property, Publishing and Plantations 26 Sea Containers owns three ports in the United Kingdom, Finance 28 The Illustrated London News publishing group, fresh fruit plantations in Brazil and the Ivory Coast, marine container Financial review – SEC Form 10-K 31 manufacturing facilities in the U.K. and U.S., a naval archi- Principal subsidiaries 80 tects company and a business travel company, both based in the U.K. It engages in property development, primarily in Shareholder and investor information 82 the British Isles. 2 SEA CONTAINERS LTD. Financial highlights 1999 1998 Change $000 $000 % Revenue 1,339,069 1,266,533 5.7 Earnings before corporate and finance costs: Passenger transport operations 69,486 61,919 12.2 Leisure operations 64,804 49,465 31.0 Container operations 61,639 75,386 (18.2) Other operations 150 76 97.4 Total 196,079 186,846 4.9 Net earnings 61,652 * 58,684 5.1 Total assets at book value 2,515,417 2,314,455 8.7 Long-term obligations 1,700,285 1,510,278 12.6 $ $% Net earnings per class A and class B common share - basic 3.30* 3.34 (1.2) - diluted 3.27* 3.11 5.1 Cash dividends per class A common share 1.10 0.885 24.3 Cash dividends per class B common share 0.9945 0.8045 23.6 * Before cumulative effect of change in accounting principle. 3 Directors and Officers Back row, left to right: Robert M. Riggs John D. Campbell Philip J.R. Schlee W. Murray Grindrod Member of Carter, Ledyard & Senior Counsel of Appleby Chairman of Robert Anderson & Chairman of Grindrod Unicorn Milburn (attorneys) Spurling & Kempe (attorneys) Co. Ltd. (a private investment firm) Group Ltd. (a shipping and transportation company) Front row, left to right: Charles N.C. Sherwood James B. Sherwood Ian Hilton Michael J.L. Stracey Partner of Schroder Ventures President of the Company Private investor Executive Vice President (retired) (a private equity investment firm) and Consultant to the Company 4 SEA CONTAINERS LTD. Officers other than the President Back row, left to right: Christopher W.M. Garnett Vice President, Rail James G. Struthers Vice President, Controller Nicholas J. Novasic Vice President, Funding, North America Stephen O. Whittam Vice President, Management Information Systems Front row, left to right: Michael V. Scawn Vice President, Funding Edwin S. Hetherington Vice President, General Counsel and Secretary Robert S. Ward Senior Vice President, Containers Daniel J. O’Sullivan Senior Vice President, Finance and Chief Financial Officer Simon M.C. Sherwood Senior Vice President, Leisure David G. Benson Senior Vice President, Passenger Transport James A. Beveridge Vice President, Administration and Property Regional Managers Franco Chresten A. Ian Robin Lynch To b y G . G r e y delle Piane Bjerrum Routledge Regional Regional Regional Regional Regional Manager, Manager, Manager, Manager, Manager, North America South America Mediterranean Asia Australasia 5 President’s letter to shareholders May 1, 2000 also suffered losses on Gothenburg/ Frederikshavn when duty free sales stopped and our competitor did Dear Shareholder, not increase rates to compensate. Again, we think a 1999 was a year of continued improvement in the more stable pricing environment will prevail in 2000 underlying net earnings of your company. Net and we have deployed a smaller, less costly ship on income excluding the effect of a compulsory the route, handed sales and marketing to Silja which accounting rule change was up 12% to $60.6 million has an excellent transport brand name in Sweden, James B. Sherwood (diluted net earnings per common share before and we will operate twice a week from Gothenburg President and Founder accounting rule change were up 5% to $3.27). to Norway where duty free sales are still permitted. This excellent result was achieved despite Our English Channel operations prospered in 1999 increased fuel prices in the second half of the year despite the loss of duty free sales. We operate six which adversely impacted net earnings by about vessels on four cross-Channel routes and were $6 million, higher interest costs on our floating rate particularly pleased to have completed a successful debt, a higher than normal cancellation rate of ferry first year on the Newhaven/Dieppe route. We and train services in the fourth quarter due to acquired Holyman’s interest in our joint venture Left: The colorful Cusco/Machu weather, and loss of duty free sales in the second half Dover/Ostend ferry service and their two vessels as a Picchu narrow gauge railway of the year on a few ferry routes. As I write this result of the Lang Corporation’s acquisition of runs through Peru’s Urubamba letter, fuel prices have come down by $10 per barrel Holyman. River Valley. Other than by hiking four days the train is the from their peak. In 2000 we will deploy one SuperSeaCat between only practical way of visiting I would like to confine my remarks this year to an Helsinki, Finland and Tallinn, Estonia marketed by the spectacular Machu Picchu overview of the main business units. Silja Line, and we intend to commence a joint Inca Sanctuary. venture service with a SeaCat on the Ancona, Italy to The Southern and Southeastern railways of Peru Fast ferry operations (excluding Silja Line, the Split, Croatia route together with Mediterranean were acquired in 1999 by a Isle of Man Steam Packet Company, cargo ships and Shipping Company. Besides being the owner of joint venture between Orient- ports). SNAV, the largest fast ferry operator in southern Italy, Express Hotels and Peruval. We suffered losses on our start-up Belfast, Northern Mediterranean Shipping is the world’s fourth largest They are managed by Orient- Express Hotels under the Ireland to Troon, Scotland route in 1999 due to containership operator and a valued major customer brand PeruRail. Another joint intense competition from operators to the much less for GE SeaCo’s leased containers. venture between Orient- desirable port of Stranraer in Scotland, 50 miles to Our Liverpool, England to Dublin, Ireland Express Hotels and Peruval the south. Nonetheless, the customers voted with SuperSeaCat route (formerly a duty free sales route) leases the Monasterio Hotel in their feet and supported the Troon service. Our has been altered in 2000 to provide one round trip Cusco and the Machu Picchu Sanctuary Lodge in the competitors lost money as well. We think a much sailing per day at the peak period followed by one national park at Machu Picchu. more stable pricing environment will prevail this year round trip sailing on Liverpool/Isle of Man (the latter Orient-Express Hotels also and we have been able to cut costs significantly. We was never a duty free sales route). manages these properties. 7 Our New York fast ferry commuter services are investments in the Baltic which will strengthen straining to accommodate demand and two more profits in the region. In 2002 we will be considering ships are now under construction in New England, the acquisition of 100% of Neptun Maritime. which we will long term time charter in order to meet this demand and open a new route. Ports. We own the ports of Folkestone, Newhaven We expect greatly improved results from these ferry and Heysham, as well as a large tract of port land operations in 2000 and future years. near Harwich, all in Britain. These investments performed well in 1999 and we are in negotiation to Isle of Man Steam Packet Company. This sell Newhaven and the land at Harwich in 2000 at business continues to generate increased profits year satisfactory prices. on year. Freight volumes have been rising in step with the increased economic growth on the Isle of Marine Container Leasing.
Recommended publications
  • Neoliberalism and the Social Production of Credibility, in Machu Picchu, Peru

    Neoliberalism and the Social Production of Credibility, in Machu Picchu, Peru

    City University of New York (CUNY) CUNY Academic Works All Dissertations, Theses, and Capstone Projects Dissertations, Theses, and Capstone Projects 2005 Shades of Dispossession: Neoliberalism and the Social Production of Credibility, In Machu Picchu, Peru Pellegrino A. Luciano Graduate Center, City University of New York How does access to this work benefit ou?y Let us know! More information about this work at: https://academicworks.cuny.edu/gc_etds/1665 Discover additional works at: https://academicworks.cuny.edu This work is made publicly available by the City University of New York (CUNY). Contact: [email protected] Shades of Dispossession: Neoliberalism and the Social Production of Credibility, In Machu Picchu, Peru By Pellegrino A. Luciano A dissertation submitted to the Graduate Faculty in Anthropology in partial fulfillment of the req uirements for the degree of Doctor of Philosophy, The City University of New York. 2005 UMI Number: 3187459 Copyright 2005 by Luciano, Pellegrino A. All rights reserved. UMI Microform 3187459 Copyright 2005 by ProQuest Information and Learning Company. All rights reserved. This microform edition is protected against unauthorized copying under Title 17, United States Code. ProQuest Information and Learning Company 300 North Zeeb Road P.O. Box 1346 Ann Arbor, MI 48106-1346 ii © 2005 PELLEGRINO A. LUCIANO All Rights Reserved iii This manuscript has been read and accepted for the Graduate Faculty in Anthropology in satisfac tion of the dissertation requirement for the degree of Doctor of Philosophy.
  • Newhaven Port Access Road Business Case FINAL Main Redacted

    Newhaven Port Access Road Business Case FINAL Main Redacted

    Newhaven Port Access Road Business Case July 2018 East Sussex County Council NEWHAVEN PORT ACCESS ROAD Business Case TYPE OF DOCUMENT (VERSION) PUBLIC PROJECT NO. 70045406 OUR REF. NO. 70045406/001 DATE: JULY 2018 WSP Mountbatten House Basing View Basingstoke, Hampshire RG21 4HJ Phone: +44 1256 318 800 Fax: +44 1256 318 700 WSP.com QUALITY CONTROL Issue/revision First issue Revision 1 Revision 2 Remarks Issued to Client Date 19 July 2018 Prepared by East Sussex County Council WSP GENECON Signature Checked by East Sussex County Council WSP GENECON Signature Authorised by East Sussex County Council WSP GENECON Signature Project number 70045406 Report number 70045406/001 File reference \\uk.wspgroup.com\central data\Projects\700454xx\70045406 - ESCC - Newhaven Port Access Road WSCC Framework Commission\02 WIP\TR Transportation\Newhaven_Port_Access_Road_Business_Case_190718.docx NEWHAVEN PORT ACCESS ROAD ESSC/WSP/GENECON Project No.: 70045406 | Our Ref No.: 70045406/001 July 2018 East Sussex County Council CONTENTS 1 INTRODUCTION 1 1.1 PROJECT CONTEXT 1 1.2 PROJECT OBJECTIVES 3 1.3 SCHEME DESCRIPTION 3 1.4 A STRATEGIC ECONOMIC NARRATIVE 5 2 STRATEGIC CASE 9 2.1 INTRODUCTION 9 2.2 BUSINESS STRATEGY: NATIONAL, REGIONAL AND LOCAL POLICIES 9 2.3 PROBLEM IDENTIFIED 11 2.4 IMPACT OF NOT CHANGING 18 2.5 INTERNAL DRIVERS FOR CHANGE 19 2.6 UNLOCKING THE GROWTH OF NEWHAVEN PORT 31 2.7 EXTERNAL DRIVERS FOR CHANGE 33 2.8 SCOPE: WHAT THE PROJECT WILL DELIVER 36 2.9 SUMMARY - NPAR STRATEGIC CASE 47 3 ECONOMIC CASE 51 3.1 INTRODUCTION 51 3.2 ECONOMIC NARRATIVE
  • August Fields Newhaven, East Sussex

    August Fields Newhaven, East Sussex

    August Fields Newhaven, East Sussex CGI is indicative only August Fields Newhaven, East Sussex Built upon a bronze age fort at the mouth of the River Ouse, with a strong maritime history, the harbour town of Newhaven may be small but still delivers on location. Nestled between the South Downs and the south coast, less than 10 miles east of Brighton, Newhaven offers you the chance to live close to the coast, countryside and city. With its cross channel ferry service, port and marina, Newhaven will appeal to anyone who dreams to be at sea. Newhaven Fort is a local attraction, but there are plenty of nearby sights to explore including Paradise Park botanical gardens and Seven Sisters Cliffs. Stay local for beach walks, a variety of pubs and independent restaurants, or easily spend hours walking around North CGI is indicative only CGI is indicative only Laine and along the seafront in nearby Brighton. Those looking for higher pastures have all of the South Downs to explore with walks starting alongside the River Ouse. August Fields brings two, three and four bedroom homes to this great location, just outside of Newhaven town centre accessible via Brighton Road. A range of unique homes are available at this semi-rural development which backs onto open countryside, with every home featuring private parking and private gardens. A 20 minute walk or 3 minute drive to Newhaven Town station connects commuters with Brighton and London. Travel times are approximate. Source: Google Maps Go with the flow Let the River Ouse show you the best of the area Where the River Ouse meets the English Channel, Newhaven has essentials less than a 5 minute drive or a 20 Take the brilliant opportunity to dive locally with Newhaven came to life when the railway reached the minute walk from August Fields, with supermarkets Lidl and Newhaven Scuba at their own Open Water Dive site, port in 1847, creating the train-ferry to Dieppe, France.
  • Redalyc.Railroads in Peru: How Important Were They?

    Redalyc.Railroads in Peru: How Important Were They?

    Desarrollo y Sociedad ISSN: 0120-3584 [email protected] Universidad de Los Andes Colombia Zegarra, Luis Felipe Railroads in Peru: How Important Were They? Desarrollo y Sociedad, núm. 68, diciembre, 2011, pp. 213-259 Universidad de Los Andes Bogotá, Colombia Available in: http://www.redalyc.org/articulo.oa?id=169122461007 How to cite Complete issue Scientific Information System More information about this article Network of Scientific Journals from Latin America, the Caribbean, Spain and Portugal Journal's homepage in redalyc.org Non-profit academic project, developed under the open access initiative Revista 68 213 Desarrollo y Sociedad II semestre 2011 Railroads in Peru: How Important Were They? Ferrocarriles en el Perú: ¿Qué tan importantes fueron? Luis Felipe Zegarra* Abstract This paper analyzes the evolution and main features of the railway system of Peru in the 19th and early 20th centuries. From mid-19th century railroads were considered a promise for achieving progress. Several railroads were then built in Peru, especially in 1850-75 and in 1910-30. With the construction of railroads, Peruvians saved time in travelling and carrying freight. The faster service of railroads did not necessarily come at the cost of higher passenger fares and freight rates. Fares and rates were lower for railroads than for mules, especially for long distances. However, for some routes (especially for short distances with many curves), the traditional system of llamas remained as the lowest pecuniary cost (but also slowest) mode of transportation. Key words: Transportation, railroads, Peru, Latin America. JEL classification: N70, N76, R40. * Luis Felipe Zegarra is PhD in Economics of University of California at Los Angeles (UCLA).
  • SEA CONTAINERS LTD. (Exact Name of Registrant As Specified in Its Charter)

    SEA CONTAINERS LTD. (Exact Name of Registrant As Specified in Its Charter)

    QuickLinks −− Click here to rapidly navigate through this document UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10−K (Mark One) Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2002 or Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to to Commission File Number 1−7560 SEA CONTAINERS LTD. (Exact name of registrant as specified in its charter) BERMUDA 98−0038412 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 41 CEDAR AVENUE, P.O. BOX HM 1179 HAMILTON HM EX, BERMUDA (Address of principal executive offices) Registrant's telephone number, including area code: (441) 295−2244 SECURITIES REGISTERED PURSUANT TO SECTION 12(b) OF THE ACT: Name of each exchange Title of each class on which registered 1 9 /2% Senior Notes Due 2003 New York Stock Exchange 1 10 /2% Senior Notes Due 2003 New York Stock Exchange 3 10 /4% Senior Notes Due 2006 New York Stock Exchange 7 7 /8% Senior Notes Due 2008 New York Stock Exchange 1 12 /2% Senior Subordinated Debentures Due 2004, Series A and B New York Stock Exchange Class A and Class B Common Shares, $0.01 par value each New York Stock Exchange Pacific Exchange Preferred Share Purchase Rights New York Stock Exchange Pacific Exchange SECURITIES REGISTERED PURSUANT TO SECTION 12(g) OF THE ACT: None. Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.
  • Recreating the Golden Age of Rail Travel

    Recreating the Golden Age of Rail Travel

    Features Railways and Tourism Recreating the Golden Age of Rail Travel Odette Anderson Introduction The Orient-Express Group, the epitome of luxury and style, was founded by James B. Sherwood, as a subsidiary of British Sea Containers Limited in 1976. Since then, the Group has expanded to encom- pass 16 luxury hotels in some of the most beautiful locations in the world, three ‘nostalgic’ trains (with another coming into operation at the end of 1998), a unique river cruiser, four safari lodges and two award-winning restaurants. The Golden Age of Travel In 1883, the Compagnie Internationale Venice Simplon-Orient-Express winding through Alps (VSOE) des Wagons-Lits (CIWL), founded by the Belgian engineer Georges Nagelmackers, route and, with the later addition of sleep- world, a reputation which Mr Sherwood launched its first and most famous luxury ing carriages, extended the service to has been keen to maintain. train, the Orient-Express. The Orient- Belgrade, Sofia, Athens and the famous The next major breakthrough, which has Express service set an unparalleled stan- destination of Constantinople (Istanbul), significance in today’s market, was the dard for de luxe trans-European train which has evoked so many romantic addition of the London-to-Paris sector in travel. With the opening of the Simplon novels and films. For a while, during the 1889. A beautifully appointed Pullman Tunnel at the Swiss-Italian border in heady 1920s and 30s, the Paris-Venice train made the journey from London to 1906, the Simplon-Orient-Express began sector of this service was deemed to be Dover, where passengers crossed the operating its historic Paris–Milan–Venice the most luxurious train journey in the Channel before joining Wagons-Lits car- riages in Calais to take them on to Paris.
  • The Rail Freight Challenge for Emerging Economies How to Regain Modal Share

    The Rail Freight Challenge for Emerging Economies How to Regain Modal Share

    The Rail Freight Challenge for Emerging Economies How to Regain Modal Share Bernard Aritua INTERNATIONAL DEVELOPMENT IN FOCUS INTERNATIONAL INTERNATIONAL DEVELOPMENT IN FOCUS The Rail Freight Challenge for Emerging Economies How to Regain Modal Share Bernard Aritua © 2019 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW, Washington, DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org Some rights reserved 1 2 3 4 22 21 20 19 Books in this series are published to communicate the results of Bank research, analysis, and operational experience with the least possible delay. The extent of language editing varies from book to book. This work is a product of the staff of The World Bank with external contributions. The findings, interpre- tations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Nothing herein shall constitute or be considered to be a limitation upon or waiver of the privileges and immunities of The World Bank, all of which are specifically reserved. Rights and Permissions This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) http:// creativecommons.org/licenses/by/3.0/igo.
  • The Lithosphere of Southern Peru: a Result of the Accretion of Allochthonous Blocks During the Mesoproterozoic

    The Lithosphere of Southern Peru: a Result of the Accretion of Allochthonous Blocks During the Mesoproterozoic

    7th International Symposium on Andean Geodynamics (ISAG 2008, Nice), Extended Abstracts: 105-108 The lithosphere of Southern Peru: A result of the accretion of allochthonous blocks during the Mesoproterozoic Víctor Carlotto1,2, José Cárdenas2, & Gabriel Carlier3 1 INGEMMET, Avenida Canada 1470, San Borja, Lima 41, Peru ([email protected]) 2 Universidad Nacional San Antonio Abad del Cusco (UNSAAC), Peru 3 Muséum National d'Histoire Naturelle, Département "Histoire de la Terre", USM 201-CNRS UMR 7160, 61, rue Buffon, 75005 Paris, France KEYWORDS : Southern Peru, Altiplano, lithosphere, accretion, Mesoproterozoic Introduction Southern Peru exhibits different juxtaposed structural blocks. These blocks have a distinct sedimentary, tectonic and magmatic evolution. They are bounded by complex, mainly NW-SE fault systems, locally marked by Cenozoic and Mesozoic magmatic units. The specific Mesozoic and Cenozoic geologic evolution of each structural block is ascribed to the high heterogeneity of the southern Peruvian depth lithosphere. This lithosphere results from the accretion of different lithospheric blocks during Laurentia-Amazonia collision at around 1000 Ma. Structural domains Southern Peru is characterized by the following morpho-structural domains (Figure 1): - The Western Cordillera, which exposes siliciclastic and carbonate marine and non-marine formations correspondining to the filling of a Mesozoic though (the Western Peruvian Mesozoic Basin); - The Western Altiplano, which acted as a structural high (the Cusco-Puno structural high) during the Mesozoic times and received more than 10 km of continental red beds during the Cenozoic; - The Eastern Altiplano and the Eastern Cordillera, which show the Mesozoic sedimentary cover and the pre-Mesozoic basement of a second mainly marine basin (the Eastern Peruvian Mesozoic Basin), respectively.
  • Carolina a Miranda Aimée Dowl, Katy Shorthouse, Luke Waterson Beth Williams

    Carolina a Miranda Aimée Dowl, Katy Shorthouse, Luke Waterson Beth Williams

    Peru Carolina A Miranda Aimée Dowl, Katy Shorthouse, Luke Waterson Beth Williams 01-prelims-per7.indd 1 17/12/2009 1:20:11 PM BEST OF PERU Clinging to the Andes, between the parched coastal desert and the drippy expanse of the Amazon rainforest, Peru offers such a wide range of experiences that it can be difficult to choose between them. Solemn pilgrimages honor gods both Christian and indigenous. Neon-lit discos get jam-packed with reveling youth. Ancient ruins regularly divulge bits of prehistory. And then, of course, there is the food – a bounty of sublime concoctions made from ingredients native and contemporary. Welcome to Peru – it’s going to be one tasty trip. RICHARD I’ANSON 02-best-of-per7.indd 5 17/12/2009 1:21:43 PM 6 Essential Peru There’s north, there’s south, desert and jungle. There are museums to visit, lakes to ogle, waves to surf, labyrinthine cities to explore – and enough ancient ruins to keep archaeologists employed for centuries. Where to start? This is our guide to a few essentials. TIPLING; 3 BRENT WINEBRENNER 2 DAVID 1 ERIC WHEATER; 02-best-of-per7.indd 6 17/12/2009 1:21:50 PM 7 Lake Titicaca Máncora Less a lake than a highland ocean, the This internationally famous surf spot (p376 ) Titicaca area is home to fantastical sights: has something for everyone – even folks floating islands made of totora reeds (p207), who don’t hang ten. There’s horse riding, pre-Columbian funerary towers (p206 ) and hot springs and beach combing to fill the fertility temples full of stone phalluses days, while street parties and beachside ( p212 ).
  • Sea Containers Annual Report 98

    Sea Containers Annual Report 98

    Annual Report 1998 Sea Containers Ltd. 2860-AR-98 ANNUAL REPORT REVISED 5/5/99 3/6/99 4:50 pm Page 02 Sea Containers Ltd. Annual Report 1998 Contents Company description 2 Financial highlights 3 Directors and officers 4 President’s letter to shareholders 7 Pictured Left: The atrium Analysis of divisions: deck of the Silja Serenade, one of two sister ships operating nightly on the Passenger Transport 12 Stockholm-Helsinki route. Each ship has 986 cabins accommodating a total of Leisure 16 2,852 passengers. Extensive conference facilities are provided, along Containers 20 with seven restaurants, a nightclub, five pubs/bars and duty free shops. Each Pro p e r t y , Publishing and Plantations 24 ship makes a 36 hour round trip, making it into a mini-cruise while at the Fi n a n c e 26 same time offering fast overnight crossings for passengers, their cars and Financial review – SEC Form 10-K 29 freight vehicles. Front cover: The Silja Principal subsidiaries 83 Serenade and her sister ship Silja Symphony operate nightly between Shareholder and investor information 84 Helsinki and Stockholm departing at 6pm and arriving at 9am. From July 1, 1999 there will be a short stop in each direction in the Åland Islands which will qualify passengers for duty free allowances. The withdrawal of duty free allowances on other intra- European routes from July 1st should stimulate demand for the Silja services. ANNUAL REPORT REVISED 5/5/99 3/6/99 4:40 pm Page 04 Sea Containers Ltd. Sea Containers Ltd. is a Bermuda reg i s t e r ed company with regional operating offices in London, Genoa, New York City, Rio de Janeiro, Singapore and Sydney.
  • World Bank Document

    World Bank Document

    Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized IFC SupporttoInfrastructure TRANSACTIONS IN POWER, TRANSPORT & WATER &WATER TRANSACTIONS INPOWER,TRANSPORT Donor partners IFC works closely with many donor partners to increase private-sector participation in infrastructure and improve access to public services. Their support leverages IFC’s own contributions and enhances the impact of its operations. Key infrastructure advisory donor partners include: • Australia • Austria • Brazil • Canada • France • Ireland • Italy • Japan • Kuwait • Netherlands • Norway • Sweden • Switzerland • United Kingdom • United States • Public-Private Infrastructure Advisory Facility • Global Partnership for Output-Based Aid • Private Infrastructure Development Group The International Finance Corporation Copyright ©2009. All rights reserved. Infrastructure Challenges for Developing Countries According to the World Bank’s Sustainable Infrastructure Action Plan FY2009–2011, the gaps in infrastructure service delivery are significant: worldwide 884 million people lack access to safe water, more than 1.0 billion are without access to telephone services, 1.6 billion have no access to electricity, and 2.5 billion lack proper sanitation facilities. ACCESS GAP ManY peopLE in THE deVELoping worLD stiLL LacK access TO Basic infrastrUctUre serVices % 100 South Asia 80 Middle East & North Africa Latin America & Caribbean 60 Eastern Europe & Central Asia 40 East Asia & Pacific 20 Africa 0 Access to electricity
  • Nuevo Brochure Rsebelmondingles

    Nuevo Brochure Rsebelmondingles

    CORPORATE SOCIAL RESPONSIBILITY TRAIN DIVISION - BELMOND PERU OUR AIM IS TO PROMOTE BETTER AND GREATER OPPORTUNITIES FOR COMMUNITIES WITHIN OUR AREA OF INFLUENCE. Michael Kerr ABOUT US BELMOND’S TRAIN DIVISION IN PERU MANAGES CORPORATE SOCIAL RESPONSIBILITY PROGRAMS IN THE AREAS SURROUNDING THE ROUTES OF BELMOND ANDEAN EXPLORER, BELMOND HIRAM BINGHAM, AND TOURIST AND LOCAL TRAINS OPERATED BY PERURAIL IN CUSCO, PUNO AND AREQUIPA. PROGRAMS ARE ALSO DEVELOPED IN THE VICINITY OF OUR FREIGHT AND ORE TRANSPORTATION DIVISION, WHICH OPERATES OUT OF THE PORT OF MATARANI. CORPORATE SOCIAL RESPONSIBILITY FOR US, BEING A SOCIALLY RESPONSIBLE COMPANY MEANS MANAGING OUR OPERATIONS, RESOURCES, HUMAN CAPITAL AND ENVIRONMENT WISELY. USING A HUMAN DEVELOPMENT APPROACH, WE SEEK TO IMPROVE THE VALUE AND COMPETITIVE SITUATION OF LOCAL COMMUNITIES IN THE AREAS IN WHICH WE OPERATE. AS PART OF OUR COMMITMENT TO THESE COMMUNITIES AND ENVIRONMENTS, WE HAVE DEVELOPED A SERIES OF PROGRAMS TO ENGAGE LOCAL PEOPLE. THE PROGRAMS ENCOURAGE NURTURING OF ABILITIES, GENDER INCLUSION, ENVIRONMENTAL CARE AND PRESERVATION, SAFETY AND LIFE CARE, AND APPRECIATION OF PEOPLES’ IDENTITY. OUR AREA OF INFLUENCE HYDROELECTRIC MACHU PICCHU OLLANTAYTAMBO CUSCO JULIACA AREQUIPA PUNO MATARANI PORT OUR CSR CORNERSTONES OUR CSR PROGRAMS FOCUS ON FOUR STRATEGIC CORNERSTONES OF ACTION. PRIORITIZED ACCORDING TO THE AREA AND TYPE OF ACTIVITY NEEDING DEVELOPMENT, THEY ARE: IDENTITY PROMOTION AND INTEGRATION ENVIRONMENTAL COMMITMENT INCLUSIVE BUSINESSES EDUCATIONAL INITIATIVES CORNERSTONE 1 IDENTITY PROMOTION AND INTEGRATION WE AIM TO SIGNIFICANTLY CONTRIBUTE TO THE PERSONAL, SOCIAL, ENVIRONMENTAL, CULTURAL AND ECONOMIC DEVELOPMENT OF POPULATIONS CLOSE TO OUR AREAS OF OPERATION. WE ALSO ENCOURAGE THE PROTECTION AND PROMOTION OF INDIGENOUS CULTURE, HERITAGE AND HISTORICAL MONUMENTS, AND THE INTEGRATION OF PEOPLE.