The Finnish government and major creditors of bankrupt shipyard Waertsilae Marine Industries Oy agreed in principle to form a new company to complete most of the troubled shipyard's backlog of 15 ships. The new company will attempt to limit the shipyard's losses, participants said. "The situation is that the bankruptcy court will get out of the shipbuilding business. Everything will be taken over by the new company," said Christian Andersson, executive vice president of Oy Waertsilae, former parent of Waertsilae Marine. Once its ownership is finalized, the new company will open talks with state-appointed receivers to buy or lease Waertsilae Marine's shipyard facilities. Subcontractors will be offered a settlement and a swift transition to new management is expected to avert an exodus of skilled workers from Waertsilae Marine's two big shipyards, government officials said. Under an accord signed yesterday, the government and Union Bank of Finland would become major shareholders in the new company, each injecting 100 million Finnish markkaa ($23.5 million). Oy Waertsilae is to contribute 200 million markkaa, most of it as subordinated debt, and take a minority stake in the new company. Customers holding contracts for Waertsilae Marine's undelivered ships are expected to subscribe most of the remaining 170 million markkaa in share capital, government officials said. Waertsilae Marine's biggest creditor is Miami-based Carnival Cruise Lines Inc. Carnival, which has three ships on order from Waertsilae Marine, presented claims for $1.5 billion damages in the bankruptcy court this week. Waertsilae Marine's bankruptcy proceedings began Tuesday in a Helsinki court.

Will the Finnish government own the new company?

Breathing is the process of moving air into and out of the lungs. The process depends on a muscle called the diaphragm. This is a large, sheet-like muscle below the lungs. Inhaling, or breathing in, occurs when the diaphragm muscle tightens. This increases the size of the chest. This too decreases air pressure inside the lungs. This action allows air and gases to enter the lungs. Exhaling, or breathing out, occurs when the diaphragm muscle relaxes. This decreases the size of the chest. This increases air pressure inside the lungs. This action allows for air to leave the lungs. When you inhale, air enters the respiratory system through your nose and ends up in your lungs, where gas exchange with the blood takes place. What happens to the air along the way? In the nose, mucus and hairs trap any dust or other particles in the air. The air is also warmed and moistened. Next, air passes through a passageway that is connected to the windpipe. The air then finds its way to the lungs. In the chest, the windpipe splits so that air enters both the right and left lung.

What is located below the lungs?

The explosion, while killing one of the Cossacks and seriously wounding the driver and people on the sidewalk, had only damaged the bulletproof carriage, a gift from Napoleon III of France. The emperor emerged shaken but unhurt. Rysakov was captured almost immediately. Police Chief Dvorzhitsky heard Rysakov shout out to someone else in the gathering crowd. The surrounding guards and the Cossacks urged the emperor to leave the area at once rather than being shown the site of the explosion. Nevertheless, a second young member of the Narodnaya Volya, Ignacy Hryniewiecki, standing by the canal fence, raised both arms and threw something at the emperor's feet. He was alleged to have shouted, "It is too early to thank God". Dvorzhitsky was later to write:
What caused the emperor to emerge shaken but uninjured?