News 2006 November 2

Port of Rotterdam to invest EUR 40 million into oil transshipment infrastructure

Sea Port of Saint Petersburg reports net loss of RUR 3.3 million in 9M06

Avalon to build 75,000 m2 logistics center in Rostov region

CSAV and CCNI to improve Med Andes service

MOL'S new India service

Aegean orders newbuilds in China

Volgograd Shipyard launches lead ship project RSD 19 built for Iranian company

Shares Indonesia’s BLT to reach the IPO price of S$0.32

Eurofrigo Rotterdam receives Halal hallmark

Japan K-Line says will raise profit forecast next wk

Overseas Shipholding Group, Inc. reports 3Q fiscal 2006 results

Novorossijsk Shipping Company to get $150 million of net profit in 2006

China COSCO Group plans to double large oil tanker fleet

China's COSCO expects a months-long recovery in container freight rates to continue for now

China Shipping buys vessels for $314 mln, stock slips

Sovcomflot starts transporting hydrocarbons from Sakhalin

Industrial Investors to buy container terminal at Vostochny port

Gulftainer launches Dh183m Pakistan joint venture

Oil export of LUKOIL terminal in Vysotsk up 37.6% in Jan.-Oct. 2006

Port of Hamburg reports 8.5% growth of 9M06 cargo turnover

Cargo turnover of Murmansk Commercial Seaport exceeds 12 million tons in Jan.-Oct. 2006

North Western Shipping Company 3Q06 net loss totals RUR 18.7 million

North Western Fleet 3Q06 net profit up 21.3% to RUR 23.3 million

Swedish cargo ship sinks in Baltic storm

Victoria company wins $9 million contract to refit a used ship from Europe

Orders won by S. Korean shipbuilders likely to top 20 mln CGTs in 2006

Oil price down to $58.98 in London, and to $58,71 in New York

Hyundai to build new steel plant

Hanjin, 'K' Line, Yang Ming, UASC to launch new SINA service

Panalpina's net income rises 44pc to US$95m over first 3 quarters

Volume of cargo transportation in Russia up 8.8% in 9M06