News 2008 January 18

South Stream gas pipeline to be owned by Russia, Bulgaria on parity basis - Miller

Transas to equip 7 tankers for Palmali Shipping for over EUR 2 million

Korean Register to class three ultra-large containerships

Bulgaria backs South Stream gas pipe project with Russia

China shipbuilding tonnage up by 44%

Ireland’s Port of Cork traffic hits record

Lisbon Port’s cargo volume hits record

Russia and Bulgaria agree on direct railway ferry link via port Kavkaz and Varna

Aker Kvaerner secures North Sea framework agreement with Shell

Deutsche Bahn and Port of Rotterdam to cooperate

Russia's environmental watchdog deputy head Mitvol resigns

Los Angeles remains top US port despite fall in throughput

Stocznia Szczecinska Nowa shipyard lays keel of new container ship for Russia's Fesco

Sea trials of new PRISCO’s tanker has been successfully completed

Gazprom Neft and MNGK are to run the Moscow Refinery on a parity basis

Sea Port of St. Petersburg reports 1.3-pct increase of throughput to 11.9 million tonnes in 2007

Singapore still world's top box port, ahead of Shanghai, Hong Kong

Shanghai's Waigaoqiao beats all with 15.6 million TEU

Evergreen sees 2pc growth in 2008 Asia-US, but TSA more upbeat

MOL extends weekly container service to Israel via Damietta

Train congestion in the port of Novorossiysk to be settled by February 2008

China plans to run container trains to EU via Hungary

Danube-Black Sea Canal to start operation by the end of 2008

Oil price down to $88.75 in London and to $89.84 in New York