News 2007 July 6

Tatneft increased oil recovery by 2.2% to 12.99 mil tons

Cargo turnover of Vanino Port made 3.228 mil tons in Jan-June 2007

MSC launches new Asia-Med 'Jade' service

China and queues push panamax rates to record

Goldman Sachs to buy stake in port operator

Northern Ireland's main port set for major growth

L&T to invest Rs 20 bn in a new shipbuilding venture

Throughput of Commercial Seaport of Odessa (Ukraine) up 18.7% in H1 07, y-o-y

Oil price up to $74.75 in London and to $71.81 in New York

Throughput of Vladivostok Container Terminal up 26% in H1 07, y-o-y

Russia to sign submarine contract with Venezuela by yearend

Clarkson buys Normarine

Cargotec receives orders for 276 ship cranes from China and India

Port of Belfast unveils ?630m expansion plan

Madagascar completes port modernization

Work starts on Malaysia's largest bunker hub

Japan backs South Pacfic port upgrade

China Shipping wants stake in Egyptian terminal

Guangdong to promote use of RFID technology

Shanhaiguan port construction to be completed next year

Rising congestion at Jawaharlal Nehru port blamed on train shortage

TT Club urges adoption of anti-collision systems for cranes

Malaysia's MISC orders eight tankers from SLS Shipbuilding for 430 mln usd