News 2006 December 12

Russia against doubled Sakhalin II cost estimate - minister

FCS sets the tariff for transportation of mineral and construction cargo

Loading of North-Caucasus Railway up 11.5% in 11M06

Nov 27 – Dec 3, crude oil distillation in Russia down 2.5% to 4.4 mln tons

Cargo transportation of Russian Railways up 2.9% in 11M06

Moldova to resume meat exports to Russia before yearend

3PDelivery and GTS merge to form giant last-mile delivery provider

The Baltic Exchange opens in Singapore

Court proceedings on Sakhalin II likely to start in March

MOL’S new Russian training scheme

BW Gas sells LNG ship

Container turnover of Odessa Commercial Seaport up 35.7% in January-November 2006

Finland to receive Shtokman gas via North European Gas Pipeline

Japan seeks guarantees of oil and gas supplies from Sakhalin II

Cargo turnover of Nakhodka Commercial Seaport up 2% in January-November 2006

The merger between Ports of Auckland and Port of Tauranga delayed by up to six months

EU to ban import of Bulgaria’s meat, milk as of January 2007

Garware Offshore Services to raise USD 25 mn via QIP

The privatisation of Bahrain's ports on way

Cargo turnover of Nakhodka port up 2.3% in January-November 2006

India is most favoured for outsourcing

INTTRA alliance with China Ocean Shipping Agency creates boom in Southeast Asia market

DP World sells US ports to AIG

Net profit of Severnaya Verf totals RUR 410.1 million in 9M06

Cargo turnover of Vostochny port up 0.2% in January-November 2006

Oil price down to $61.84 in London, and to $61.22 in New York

Port of Tacoma saves US$5.3m in interest from bond refinancing

CIMC moves to purchase Netherlands-based Burg Industries

Port Qasim set to grow by 2010

Chittagong feeder operators likely to review freight charge hike