News 2007 September 12

Russian Navy fights outdating

Russia’s newest sub to be commissioned in 2009

HHI to build eight new 13,100 TEU vessels for Seaspan

Stena orders ships from South Korea Stena Line for service between Rotterdam and Harwich

Titan looking to enter Hong Kong bunker market

Putin nominates financial monitor Zubkov for PM

NATO begins computer-assisted naval exercise in Sevastopol

Transport Ministry pledges to ease traffic jams in Russia

President Putin accepts PM Fradkov's request to dismiss Cabinet

Throughput of the port of Archangelsk up 4.7% in Jan-Aug 07, y-o-y

Russian Navy will stay in Sevastopol

China marine sector's gross output up 13.5% in first half

OPEC decides to increase production by 500,000 bpd from 1 November

Russia to launch national oil and gas exploration company

Prince Rupert container port opens today

Indian port of Tuticorin announces a $1.3 billion building project

LUKoil announces US GAAP-based results

Throughput of Vanino Commercial Seaport up 3% in Jan-Aug 07, y-o-y

Severnaya Verf to start construction of LNG tankers by 2011

Russia to boost foreign investment in oil and gas sector

OSK’s authorized capital is 1.098 billion rubles

Oil price up to $76.38 in London and to $78.23 in New York

Port of Rotterdam Authority’s income rises by € 7 million in the first half-year

Fesco revenues not to rise for four years

Hutchison Whampoa to increase its stake in a Shenzhen port from 41.67 pct to 65 pct

Italy's Prime Minister proposes to merge ports Trieste and Koper

Port of Tianjin box volume up 21 pc in first eight months

Long Beach and Los Angeles handled about 750,000 TEU in August

Menlo Worldwide to acquire Shanghai-based Chic Holdings

US retail container traffic to drop this month, but rise next

Guam Shipyard wins $9.7M contract