News 2006 December 22

Zarubezhneft OJSC to start oil complex in 2009

Multifunctional transshipment complex of Ust-Luga port to be put into operation in February 2007

Total investments into Ust-Luga port to make RUR 1.157 billion in 2006

Cargo turnover of Ust-Luga port to make over 4.5 million tons in 2006

Kazakhstan and Georgia create Batumi Terminals JV

Cargo turnover of Reni Commercial Seaport (Ukraine) down 13.4% in 11M06

Putin says Sakhalin-2 problems resolved, pledges support

Oil shipping cost from North Slope targeted for hike

Largest contract ever for Ulstein

DP World to take over Mermaid Marine

President of Mediterranean Shipping Company named ELAA chairman

Evergreen and COSCON upgrade Far East-Red Sea service

Fesco Russian facility

IRIS Lines to launch FE-ME-Europe Pendulum

MOL sets up joint venture to expand work in Cambodia

Maersk Supply orders four A-class units

Sheskharis docks closed

Onega terminal of Oslo Marine Group accepts first cars

Gazprom joins Sakhalin-2 project

Samsung Heavy mulls joint venture with Russia for ice-breaking tanker business

Carnival reports net income of $416M during 4Q06

Oil price down to $62.46 in London, and to $62.79 in New York

Stolt seals Chinese joint venture deal

Europe Container Terminals signs deal with Asian carrier group

Atlantic Shipping moves into Suape

Sovcomflot group got loan to purchase two tankers

Port of Ningbo applies to set up bonded port area

Port of Tianjin box volume to reach 6 million TEU in 2006

Kuehne + Nagel to take over distribution, warehousing for Slovak Telekom

Continuing Chittagong congestion prompts Maersk to impose restoration rate

Russian oil output up 2.1% in 11M06 - Energy Ministry

CMA CGM group boosts frequency of Asia-Africa services