News 2006 December 18

Transneft estimates 15% increase in net profit in 2007

Cargo turnover of Izmail Commercial Seaport (Ukraine) up 4.2% in 11M06

Cargo turnover of Ventspils port down 1.5% in 11M06

Russia posts trade surplus

Russian company purchases the property of NCS’s Anapa branch

Transport complex of Odessa region decreased cargo transportation by 0.9% in 11M06

STL expands presence in India and Iran

Palletways expands into France

Herz buys GL

Net profit of RZD OJSC to make RUR 26 billion in 2006

Inchcape’s Petrobras deal

Horizon pays back US$25m

Cargo flow via German ports up 7.4% in 9M06

Loading of West-Siberian Railway up 3% in 11M06

RF Government approves the rules of payment for federal water bodies

Poland’s PGNiG to build EUR 350 million LNG terminal at Swinoujscie on the Baltic Sea coast

FESCO selected by KIA Motors for intermodal delivery of containers to Izhevsk

Essar Shipping (India) to invest $400 mn for acquiring onshore oil drilling rigs

Kaliningrad shipyard Yantar to build three frigates for Indian Navy

Container ships for both river and sea

Ship owners to meet ITF in bid to resolve latest pay row

Drogheda Port company selects the preferred bidder for deepwater port at Bremore

The cargo ship was burnt down at Mombasa’s Old Port

Cargo turnover of Latvian ports up 0.5% in 11M06

Poland to build liquid gas terminal in Swinoujscie port

Cargo turnover of Latvia’s minor ports down 10.6% in 11M06

Stevedoring at Iranian ports up 12.5%

Cruise lines continue to float new ships

S. Korean shipyards again sweep world's No.1-5 rankings in July-Nov

Oil price was $63.49 in London, and $64.09 in New York

Record investment for shipyards

TNT changes name to CEVA to reflect stand-alone position

MOL to open Hefei office

Vycon supplies crane technology to Long Beach

ANL Singapore forms JV agency for German, Dutch markets

Allcargo, ECU Line to set up box depot in India's Madhya Pradesh

UASC, Jardine Shipping set up JV shipping agency for Asia market