Subscribe to RSS feedWorld Maritime University faces financial collapse, closure
by
Jim Wilson
—
last modified
Jun 21, 2010 12:04 PM
THE WORLD Maritime University (WMU) in Sweden could be heading for financial collapse and could be forced to close by the end of 2011 if no new sources of funding are found.
The International Maritime Organization (IMO) is to provide emergency short-term funding and proposals will be put to the IMO Council next week for extra long-term funding.
There has been a sharp decline in the WMU’s financial base, partly due to...
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