News 2007 February 2

Port of Odessa handles over 32 thou TEU in January 07

Commercial Sea Port of Saint-Petersburg acquires Stevedore Timber Company

Belarus expects to get $5 mln a year from pipeline land rent

Cargo turnover of the port of Temryuk up 23.9% in January 07

Bashneft expects its oil production to drop by 1.3% to 11.576 mln t in 2007

Cargo turnover of the port of Caucasus up 6% in January 07

Rostekhnadzor to examine feasibility study for construction of Kozmino Port

CWT acquires TDPL and OCWS (Singapore)

Kuehne+Nagel provides warehousing for ICI Paints in Austria

Panalpina and NYK agree on global co-operation

Frontline looks to spin off FPSO business

Siba Ships (Italia) buys into mining firm

Yantai wins US$310m rig order from Norway firm

Kalmar acquires an American service company

Port of Riga solds Baltic Cristina

Cargo turnover of Murmansk Commercial Seaport down 16% in January 07

EDRD will possibly loan Rosmorport

Cargo turnover of Yuzhny Commercial Seaport (Ukraine) up 0.3% in 2006

United Arab Shipping annual profits drop

Oil price down to $56.72 in London, and to $57.30 in New York

Action plan aims to give priority to EU freight

Dar es Salaam container ship hit for second time

Eidesvik takes stake in B+H

Cruise ships to buy power in Norwegian ports

B+H Ocean Carriers, Ltd. announces unaudited results for the year

Samskip acquires Saltire Integrated Shipping Limited

Maersk makes major reforms to N America inland networks

Nanning to build mega logistics facility for Asean trade

NOL sells OCWS Logistics for US$13m

Tardy importers accused of clogging East African ports

Sydney ports post 11pc increase in container trade in 2H06

Seaport of Saint Petersburg invest RUR 333.4 mln into the group’s development in 2006