News 2007 June 5

Russia's Gazprom Neft, Norway's Statoil set for oil partnership

Georgian port of Batumi cuts oil exports in May 2007

Port of Odessa (Ukraine) to start construction of container terminal before 2009

Gazprom Neft's net profit under US GAAP rose by 31% to $3.661 bln in 2006

Loading of Northern Railway up 2.6% in Jan-May, 07, y-o-y

Cosco warns against oversupply

Malaysia backs Johor-PTP rationalisation

Activity at Syrian ports continues to rise

Vitol Group purchases 49% of Ventspils naftas terminаls

Major oil spill on Sakhalin contaminates spawning river - ecologists

Baltops-2007 military exercise begins in the Baltic Sea

Oil price up to $70.40 in London, and to $66.21 in New York

Putin calls to develop Russian Baltic seaports

Environmentalists report oil spills from Rosneft wells on Sakhalin

Argentina's government to spend $90 million for upgrading of Buenos Aires ports

MSC's new Tiger Service calls at XICT

Guangxi to invest US$510m in 9 Beibu Bay terminals

Container congestion returns to Chittagong terminals

Restructuring costs put CEVA into loss in Q1

COSCO eyes Greek port investments

Port Qasim sets new target of 2.5m tonnes

Port of Savannah added to Maersk's MECL2 service

APL, CMA CGM, and Hapag-Lloyd to extend Indamex service

Throughput at Kuwait 's container terminals increases by 15% year on year

Port of Tanjung Pelepas handles 6.4 mln TEU's this year

STX Pan Ocean awards US$50m contract to major shareholder