News 2007 February 12

Net profit of Novorossijsk Commercial Seaport down 30.8% in 2006

Rosmorrechflot has developed investment project for expansion of Volga-Baltic canal

The law on ports to be passed in 2007 – Boris Gryzlov

Ust-Luga and Russian Railways to set up joint company

Transport experts call for “fast track” ocean cargo services

New tanker acquired by Murmansk Shipping Company

Greenway HC acquires logistics terminal in the port of Kotka (Finland)

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

Cargo turnover of Ukraine’s commercial seaports up 3.2% in 2006

Q-Ship sells crude tanker for $64.4mn

GE Shipping inks contract to sell Jag Laadki

Port Klang facility to build deep berth for mega-size box ships

$ 1-B JBIC loan for shipping sought (Japan)

Varun Shipping (India) reportes revenue decline

Aker American Shipping secures permanent financing for first 10 product tankers

Asiatic SSI brings on fastest service between India and South Africa

Oil price down to $59.01 in London, and to $59.89 in New York

China Shipping Container Lines recieves ultra large container ship

GAC secures worldwide agency contract with BG LNG Services

MOL, "K" Line see profits tumble despite higher revenue

Mainland posts top 10 container ports in 2006

House of Fraser turns to Kuehne + Nagel for furniture deliveries

Indian intermodal licence application response disappoints

Southern Shipping challenges consortium over Patrick assets