News 2008 January 17

Russian Navy to conduct exercises in the Atlantic next week

Throughput of Rostov Port OJSC up 4.8% to 1.7 million tonnes in 2007

Throughput of Taganrog Commercial Seaport up 27% to 2.1 million tonnes in 2007

Gazprom and Moscow gov't agree on oil refinery

Throughput of Tallinn port down 12.7% to 36 million tonnes in 2007

Freight rates seen rising in June after ore talks

New Russian supertanker goes through its paces in Sea of Japan

Mitsui OSK dives 5.4% as shipping lines hit

Arbitrage Court of Primorie bans cancellation of lease and sub-lease between VCT LLC and VMTP OJSC

LUKOIL eyeing construction of forth phase of transshipment complex in Vysotsk (Leningrad region)

Russia-China trade up 44% to record $48 bln in 2007

Primoriye's ship builders complete inventory

Sovkomflot will not buy out Novoship prefs

Throughput of port Primorsk up 12% to 74.2 million tonnes of oil in 2007

Throughput of St. Petersburg port up 10% to 59.6 million tonnes in 2007

USL-ANL shakes up South Seas services post CMA CGM takeover

North Europe container volume posts double-digit growth in 2007

Shenyang to build largest inland port logistics centre in northeast China

Zim strengthens East Africa Service

Murmansk Commercial Seaport OJSC to start construction of coal terminal in late 2008

Cape Town Port starts $613m upgrade

Greek dockers strike sees containers pile up

The Jakarta International Container Terminal set for massive expansion

Agreement between Vnesheconombank and OJSC Sovkomflot

Oil price down to $89.75 in London and to $90.84 in New York