News 2008 January 21

Export of oil products via RPK-Vysotsk LUKOIL-II up 20% in 2007 to 11.7 million tonnes

Fishing trawler gets caught in fishing net in Sea of Okhotsk

Eimskip ends Halifax-New England service

Bangladesh's main Chittagong port cargo throughput hits record

Throughput of Olya port doubles in 2007 to 660,000 tonnes

Port of Portland’s container volume increased 21.3 percent to 260,128 TEUs in 2007

Vietnam to develop $62.5m seaport

Middle East tanker rates could drop as vessel supply increases

Dh3.67b logistics park to link Dubai with The World

DP World's container throughput increases 18% in 2007

China's coal imports grow 34% in 2007

China absorbs $74.7 bln in overseas investment in 2007

Russian Navy begins exercises in the Atlantic

Russian Railways invested RUR 5.4 bln into reconstruction of railroad to Ust-Luga

Transneft suspends oil export by Caspian Pipeline Consortium due to railway repairs

OAO RZD announces results of oil transportation to China project in 2007

Commercial Port of Vladivostok reports 20-pct increase of throughput to 4.8 million tonnes in 2007

SOCAR Casmornefteflot shipyard exceeded repair volumes by 20% in 2007

Oil price up to $89.23 in London and to $90.57 in New York

Mexico main oil exporting ports close due to bad weather

MSC's Asia-Black Sea service adds Qingdao to rotation

CMA CGM to invest in South Korea's Busan 2-3 container terminal

Port of Qingdao container volume exceeds 9.4 million TEU in 2007

China's Yiwu city starts work on new logistics facility for foreign trade

CMA CGM adds Dalian call to Asia-Black Sea service

OOCL stops using pre-1990 trucks at Long Beach ahead of port ban

Maersk Line restructures logistics division

Fishing industry of the Far East in 2007 exceed average parameters

Korea Line looks to double capesize fleet

Hyundai Heavy Industries to construct another yard in Kunsan

2 crew members found dead on Latvian container ship

Primorye Shipbuilders are completing inventory