News 2007 May 10

Russkaya Troyka completes placement of additional shares

Lease agreement of Delta-Service invalidated by the Court of Appeal

MOL merges Diamond Ferry Co and Blue Highway Line West Japan

Maersk launches new Asia-Europe service, restructures Oceania-Americas service

Daewoo to build world's costliest tankers

KL welcomes aid to help patrol Malacca Strait

Nippon Yusen inks 20-year iron ore shipping deal

Latvian railway raises freight rates by 6-8%

Kazakhstan to use Russia as main oil transit route - Nazarbayev

Container throughput of the port of Klaipeda (Lithuania) up 32.8% in Q1 07, y-o-y

Accident with tanker Volganeft-217 caused by mistake of lock maintenance personnel

Cabinet OKs agreement of Burgas-Alexandroupolis pipeline

Direct maritime container transport line linking Romania with China

Port of Seattle to receive $5.3 million in federal security grants

Cosco Singapore unit wins 195.3 mln usd contracts from Belgium

Babcock International Group to buy shipyard in Plymouth for $697

Putin to lobby gas pipe via Russia in Turkmenistan, Kazakhstan

Commercial Seaport of Vladivostok handles 1.27 million tons in Jan.-Apr. 07, y-o-y

Throughput of the port of Riga (Latvia) down 5.1% in Jan.-Apr. 07, y-o-y

AIG buys Marine Terminals Corp.

Brostrom in joint acquisition of two modern product tanker vessels

Record results from Seatrans in Bergen

Maersk to buy Dubai firm’s stake in Colombo’s box hub

Wan Hai to inject newbuildings on the Pacific

Orient Express Line (India) chooses Tanjung Pelepas

AXSLiner fleet forecast sees 13pc VLCS growth per year

Yangshan targets annual box volume of 5.45m TEU

Samudera Shipping Q1 profit jumps 19pc to US$5.3m

Malaysia sees benefit from congested Singapore port

Singapore and Guangxi to strengthen logistics ties

Maersk gains as Japanese peers predict higher rates

Sonadia, Kutubdia channels (Bangladesh) selected for deep seaport

Hamburg to invest 2.9 billion euros for port expansion By Saeid Najar Nobari

Maersk Line upgrades Asia - Europe network new Europe - Far East (AE11) service

Evergreen Line provides new route between the Far East and Southern Germany

Kaohsiung Harbour keeps 6th place among container ports

Oil price down to $65.20 in London, and to $61.55 in New York