News 2007 August 3

China's Titan Petrochem plans spot contracts market

Strong demand may fuel rising Capesize rates

Tanker rates fall on Japan oil stock gains

Japan to finance dismantling of three Russian nuclear submarines

Hercules Offshore announces second quarter 2007 earnings

Sri Lanka seeks port partner to ramp up box business

EU fears US demands for container checks

Santos (Brazil) suffers because of strike

Lauritzen Kosan takes the first of ten tankers

EU approves the sale of Wrist Group

Burma plans to build another deep-sea port

ICTSI takes over in Ecuador's main port

FESCO additional shares issue sucsessfully placed

Vinashin to spend $ 198 mln on central seaport

Christian Radich leads in the Tall Ships' Race

NYK buys J. Lauritzen’s 50% stake in the NYKLauritzenCool AB reefer joint-venture

Ship-to-ship LNG port proposed for Belgium

Russia to supply Black Sea Fleet with new vessels in 2007

Shell announces sale of its biggest French refinery

OceanFreight Inc. completes delivery of its initial seven vessel fleet

Punj Llyod buys 25 pc in Pipavav Shipyard (India)