News 2007 March 28

Sevmash to expand production

The RZHD rating left at BBB+

Foreign companies seek access to Russian waterways - Ivanov

Dubai Ports transfers four container berths to Chinese JV

Railion starts Rugen-Baltijsk ferry operations

MOL establishes new branch in Poland

RM500m upgrading for Malaysia's Northport

Rhine stays shut as cranes move in to clear boxes

ASL Marine bags $164m vessel orders

'K' Line, SAL forge alliance

Russia must boost competitiveness of river fleet - First Deputy Prime Minister

Sovcomflot and Novoship merge

Regional railway project not to create any danger to Georgian seaports

NCB (Malaysia) targets 8pc revenue growth

Ministry of Industry and Energy examines development strategy for transport machinery

Aker Kvaerner acquires control stake of Astrakhan Korabel

STX Shipbuilding wins $468 mln order from Greece

Damen Shipyards Ocean (Nikolyev, Ukraine) launches the Michail Sinitsa dry cargo carrier

RosPrirodNadzor to begin Sakhalin-1 inspection on March 28

DFDS Tor Line extends Volvo contract

CMA CGM posts profit of US$611m for 2006

MOL bolsters box services to Vietnam

Grand Alliance begins Asia-Black Sea service in June

Oil price up to $64.60 in London, and to $62.93 in New York