News 2007 February 27

Russia and Japan to discuss Sakhalin-2 development

Latvia to build a refinery in Daugavpilss region

Norwegian Myklebust Verft AS wins local contract for supply vessel

NOL’s net profit down 57% from 2005

Primorsk International Shipping issues a 4-year bond loan

NOL and SITC Group to built container terminal in the port of Qingdao

Frontline reports lower earnings

Norwegian company ordered another platform from Arkhangelsk

Apollo Management acquires a majority stake in Oceania Cruises

General Maritime's Q4 gain plunges 79%

Russia suggests Japan's participation in ESPO oil refinery construction

Second stretch of ESPO likely to be completed in 2012-2013

Russia’s Nerpa shipyard scraps one more submarine

Transportation of Viking contrailer route up 38.6% in 2006

Oil price up to $61.33 in London, and to $61.39 in New York

Second annual "Energy Trading and Bunkering in the Black Sea and Med" Forum will take place on 22-23 of March in Russia, Novorossiysk

Bourbon Offshore and Oceanteam sign cooperation agreement

OSG to acquire Heidmar Lightering

Mismanaged Norwegian controlled bulker in detention

Empty bulker took the ground in Oresund

South Korea’s STX to build major shipyard in Vietnam

Maersk plans job cuts at Odense yard

Danish shipbuilders plan to invest in Vietnam

Ningbo's trade with Africa increased 14.5pc in 2006

OOCL says HK transport will make steady progress in 2007

Indian shipowners call for sweeping tax reforms

CIS hauls 2.1 billion tons of cargo by rail in 2006