News 2008 January 23

Throughput of Odessa port (Ukraine) up 32.3% in 2007 to 523,500 TEU

Rosneft to enter bunkering market of Ukraine, Black Sea regions, Baltic and APR in 2008-2010

Larsen & Toubro wins port deal in southern India

Korean oil firms plan to reduce the number of single hull tankers

Russia delivers 50,000 tons of fuel oil to North Korea

Qingdao Port ranks among world's top ten port

China's Hefei port to build US$203 million terminal

Chennai port congestion fee withdrawn

Throughput of Aktau port (Kazakhstan) up 13.5% in 2007, to 11 million tonnes

Azov and Rostov-on-Don to get status of seaports upon proposal of RF Transport Ministry

Denmark: Ebba-1X exploration well completed

OPEC downgrades output forecast for non-cartel members in 2008

Azerbaijan will turn into oil consumer after 2020

Throughput of the port of Kotka up 10.2% in 2007 to 10.5 million tonnes

Throughput of Vladivostok Container Terminal up 36% in 2007 to 199,651 TEU

Shenzhen retains No 4 box port spot behind Singapore, Shanghai, Hong Kong

China experienced double-digit growth in EU, US and Japan trade

Agility unveils acquisition of Starfreight Logistics in Kenya

FPS Sri Lanka to handle logistics for mega plant construction

Vosta LMG barges for Van Oord

Port of Houston to add second Bayport wharf

Russian Railways to finance development of transport infrastructure nearby Far Eastern ports

Oil price up to $88.45 in London and down to $89.21 in New York