News 2007 February 9

LUKOIL to invest $800mln in modernization

Cargo turnover of the port of Ventspils (Latvia) down 12%, y-o-y, in Jan. 07

Ports of the Baltic states upped cargo turnover by 43% in 2006

Iran stores 14m barrels of oil on ships in Gulf

CSXI upgrades Charlotte Terminal

Dachser invests in India

Port of Tacoma completes expansion of Washington United Terminals

Sakhalin Energy and Osaka Gas sign an agreement on annual supply of 0.20m tonnes of LNG

Grand Power Logistics expands in China

Greek tanker suffers sea disaster in the Gulf of Finland

HK owners blast ICS fuel policy

Court acknowledges the right of Delta Service LLC for lease of berth No94 at the port of Saint Petersburg

Dubai company wins contract to build container terminal in China

Garware Offshore to sell Havyard Leirvik ships in India

Vietnam Shipbuilding Industry Corp sets up jv with Dutch partner

Aker lands contract to build three tankers

OMZ to supply shipping container for PSI Megapie project

Shreyas Shipping to upgrade services to Pakistan

Cargo turnover of the port of Riga down 10.7%, y-o-y in Jan. 2007

Cargo turnover of Vostochny Port OJSC totals 1.15 million tons in January 2007

Meeting on Prirazlomnoye field development project held

Copenhagen Malmo Port has a good year in 2006

PSA eyes Rodman site as Panama megaport slips down agenda

MOL opens safety unit in Tokyo

Cosco Dalian Shipyard wins a $296m order for six heavy-lift ships

Jones Act newbuild debate lingers

Dubai tops in non-oil UAE trade

Oil price up to $59.03 in London, and to $59.71 in New York

Port of Prince Rupert (Canada) ramping it up

Todd Shipyards Corporation announces quarterly financial results for 2006

Hanjin Shipping launches two 6,555-TEU 27-knot containerships

Dalian port handled 24m tons of cargo in 2006

Fuzhou's box volume rises with new customs clearance scheme

Suzhou Export Processing Zone handles trade worth US$10 billion

Listed shipping trust looks to new assets after lacklustre response

Kuehne + Nagel wins ICI Paints Vienna contract