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Of the nearly 1,400 ships that make up the fleet, about two-thirds sail under the Norwegian flag.
Just a few days earlier, I had a long conversation with the owner of a New York City yellow-taxi fleet about the economics of his business.
Even after the federal government ordered the bus line, Fung Wah Bus Transportation, to stop running its fleet, about 40 people lined up outside the company's ticket office for a four-hour ride to Boston.
This time, however, the plan was to close the base entirely, at a time when some top Navy leaders said they believed the overall attack submarine fleet, about 54 boats, should be smaller.
Last week, AMR's American Airlines stunned the industry by announcing that it is refitting its fleet, about 700 planes, to add more legroom in coach -- a move that will reduce the airline's overall coach capacity by 6.4percentt.
April 19 , 1919-November 02 2008 of Jacksonville, FL. Henry Loomis who, as a young naval officer in Hawaii in World War II taught scores of officers and men of the Pacific Fleet about RADAR, then went on to a long career in government and communications in which he served five presidents.
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The five ships seized by creditors are part of a fleet of about 140.
The lease fleet has about $340 million in off-balance-sheet debt against it, but that's just 53% of book value and the leasing business throws off $50 million per year in cash more than enough to service the debt.
Norwegian shipowners run one of the world's largest merchant fleets, carrying about one-tenth of the world's total tonnage.
Six big airlines cut their fleets by about 700 planes, or close to 20percentt, since the peak in June 2001, the Air Transport Association said.
Only 180 or so remain in fleets; about a dozen are still in private hands.
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