News 2007 May 24

Klaipedos Smelte (Lithuania) opens new container terminal

Land reclamation for passenger terminal starts at Vasilievski island (St. Petersburg)

Novoship to pay dividends for 2006 in the amount of 451 mil rub

Japanese shipyards to invest US$409b to boost output by 10%

Korea Line to spend 630b won on vessels

Aframax tanker rates from Indonesia may rise

Asia-Europe box trade up 20% in the first four months of the year

ABG signs MoU for acquisition of Vipul Shipyard

In-Transit to place storage tanker in the port of St. Petersburg for off-harbor export transshipment of oil products

Oleg Mazunov appointed Director General of Murmansk shiprepair plant

Nord Stream pipe could be gas supply alternative - Gazprom

Operators vie for Philippine port privatisation projects

Rosneft to spend $3 bln on East Siberia Vankor field by year-end

Oil price up to $70.60 in London, and to $65.77 in New York

GazpromNeft recoverable reserves up 39 mln tons in 2006

Shipbroker Clarksons is ready to defence against legal action from Sovcomflot and Novoship

PSTS Logistics (China) to foray into coastal shipping

Yangshan port (China) to complete Phase 3 of terminal project by December 10

Port Klang (Malaysia) handles 1.60 million TEU in the first quarter of the year

The African Development Bank finances Cameroon shipyard project